efile GRAPHIC rint - DO NOT PROCESS ~ Intem~d Re\ C"nuC" TreJ~uT"\ ~ef\ Ice - - For th e 2017 ca en d ar year, or t ax year b egmnmg 10 01 2017 C Name of organization B Check If applicable Bronxwood Home for the Aged Inc D Address change D Name change DOing business as D Initial return D Employer Identification number 13-2911684 I E Telephone number Number and street (or P 0 box If mall IS not delivered to street address) Room/suite 799 E Gun Hili Road (718) 881-9100 G Gross receipts $ 20,927,427 F Name and address of principal officer Daniel Berkowlcz Tax-exempt status J Website: ~ [_. ~ 501(c)(3) 501(c) ( ) ~ (Insert no ) H(a) Is this a group return for subordinates? OYes ~No H(b) Are all subordinates Yes ~No Included? If "No," attach a list (see instructions) H(c) Group exemption number ~ o o 4947(a)(1) or o 527 www bronxwood com K Form of organization '"~ 0 ~ Corporation o Trust o Association 0 Open to Public Inspection - - City or town, state or proVince, country, and ZIP or foreign postal code Bronx, NY 10467 I 2017 , an d en d'mg 09 30 2018 Final return/terminated D Amended return D Application pending _:£.I OMB No 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) ~ Do not enter social security numbers on this form as It may be made public ~ Information about Form 990 and ItS instructions IS at www IRS qovlform990 A D DLN:9349322S018799 Return of Organization Exempt From Income Tax Form990 DepJrtmc-nt of the As Filed Data - L Year of formation 1973 Other ~ I M State of legal domicile NY Summary 1 Briefly describe the organization's mission or most significant activities Bronxwood Home for the Aged, Inc, a voluntary, not-for-proflt facIlity, IS located In Bronx, NY The facIlity IS licensed by N Y S for 320 adult home beds, of which 177 are assisted living (ALP) beds Operations began In 1977 They also provide licensed home care services In the Bronx, Brookl:r:n, Queens, and Manhattan ~a; > 0 ~ >o:j v', ~'-' ct 2 3 Check this box ~ If the organization discontinued ItS operations or disposed of more than 25% of ItS net assets Number of voting members of the governing body (Part VI, line la) 3 6 4 Number of Independent voting members of the governing body (Part VI, line lb) 4 6 5 Total number of individuals employed In calendar year 2017 (Part V, line 2a) 5 760 6 Total number of volunteers (estimate If necessary) 6 6 7a 0 0 7a Total unrelated business revenue from Part VIII, column (C), line 12 b Net unrelated business taxable Income from Form 990-T, line 34 7b Prior Year <1' :::> ~ Q. > 'l' c: 8 Contributions and grants (Part VIII, line lh) 9 Program service revenue (Part VIII, line 2g) Current Year 0 19,486,747 10 Investment Income (Part VIII, column (A), lines 3, 4, and 7d ) 7,817 4,984 260,314 59,590 19,754,878 20,810,718 1,950,000 2,000,000 12,871,200 15,519,560 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3 ) 20,746,144 14 Benefits paid to or for members (Part IX, column (A), line 4) ~ V> ~ 0.. ~ 0 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 16a Professional fundralslng fees (Part IX, column (A), line 11e) b Total fundralslng expenses (Part IX, column (D), line 25) 0 ~O 17 Other expenses (Part IX, column (A), lines 11a-11d, l1f-24e) 11,905,444 4,423,507 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 26,726,644 21,943,067 19 Revenue less expenses Subtract line 18 from line 12 -6,971,766 ~~ -1,132,349 Beginning of Current Year End of Year t)2! ~C"C ~C'!! 20 Total assets (Part X, line 16) 13,208,579 12,164,436 -"2! ~:::> 21 Total liabilities (Part X, line 26) 8,940,053 9,028,259 22 Net assets or fund balances Subtract line 21 from line 20 4,268,526 3,136,177 f All other program service revenue ro 0 BUSiness Code :]., > 0 &: (D) Revenue excl uded from tax under sections 512-514 f All other contributions, gifts, grants, 0 .... .';:; Q) = ..:: .: - b Membership dues = ~ 0 ~ E .... I 1a I 1b I 1c I 1d I 1e (e) Unrelated business revenue 11,948,430 11,948,430 8,797,714 8,797,714 20,746,144 ~ 9Total.Add lines 2a-2f 3 Investment Income (inclUding diVidends, Interest, and other Similar amounts) ~ 4,984 4 Income from Investment of tax-exempt bond proceeds ~ 0 5 Royalties ~ 0 4,984 (II) Personal (I) Real 6a Gross rents 126,080 b Less rental expenses C 116,709 Rental Income or (loss) 9,371 d Net rental Income or (loss) ~ (I) Securities 9,371 9,371 (II) Other 7a Gross amount from sales of assets other than Inventory b Less cost or other baSIS and sales expenses C Gain or (loss) d Net gain or (loss) ~ 0 Sa Gross Income from fund raising events ~ (not including $ f contributions reported on line lc) See Part IV, line 18 = :> ~ a: ~ ~ .... J:'. of bLess direct expenses a b c Net Income or (loss) from fundralslng events ~ 0 9a Gross Income from gaming activities 0 See Part IV, line 19 a bLess direct expenses b c Net Income or (loss) from gaming activities ~ 0 10aGross sales of Inventory, less returns and allowances a bLess cost of goods sold b c Net Income or (loss) from sales of Inventory Miscellaneous Revenue llaELEVATOR REIMBURSEMENT ~ 0 BUSiness Code 900099 50,219 50,219 b c d All other reven ue e Total. Add lines lla-lld ~ 50,219 12 Total revenue. See Instructions ~ 20,810,718 20,796,363 14,355 Form 990 2017 Form 990 (2017) liiil.:W Page 10 Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) D Check If Schedule 0 contains a response or note to any line In this Part IX Do not include amounts reported on lines 6b, 7b, 8b, 9b, and lOb of Part VIII. 1 Grants and other assistance to domestic organizations and domestic governments See Part IV, line 21 2 Grants and other assistance to domestic individuals See Part (A) Total expenses 2,000,000 (8) (C) Program service expenses Management and general expenses (D) Fu nd ra ISlngex penses 2,000,000 0 IV, line 22 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals See Part IV, line 15 and 16 0 4 Benefits paid to or for members 0 5 Compensation of current officers, directors, trustees, and 233,650 207,949 25,701 10,556,126 1,304,690 2,359,784 2,100,207 259,577 1,065,310 948,126 117,184 key employees 6 Compensation not Included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described In section 4958(c)(3)(B) 7 Other salaries and wages 8 Pension plan accruals and contributions (Include section 401 0 11,860,816 0 (k) and 403(b) employer contributions) 9 Other employee benefits 10 Payroll taxes 11 Fees for services (non-employees) 824,000 a Management 824,000 b Legal 97,872 97,872 c Accou ntlng 82,650 82,650 d LobbYing 0 e Professional fundralslng services See Part IV, line 17 0 f Investment management fees 0 9 Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule 0) 12 Advertising and promotion 13 Office expenses 14 Information technology 123,925 110,293 13,632 86,282 86,282 431,412 215,706 215,706 1,801 1,603 198 529,700 471,433 58,267 53,245 50,583 2,662 0 15 Royalties 16 Occupancy 17 Travel 18 Payments of travel or entertainment expenses for any 0 federal, state, or local public officials 19 Conferences, conventions, and meetings 0 20 Interest 0 21 Payments to affiliates 0 22 Depreciation, depletion, and amortization 492,642 438,451 54,191 23 Insurance 336,828 299,777 37,051 a Dietary and Housekeeping 969,999 863,299 106,700 b AIDE SERVICES AND MEDICAL SUPP 393,151 349,904 43,247 18,699,739 3,243,328 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses In line 24e If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0 ) c d e All other expenses 25 Total functional expenses. Add lines 1 through 24e 0 21,943,067 0 26 Joint costs. Complete this line only If the organization reported In column (B) JOint costs from a combined educational campaign and fundralslng solicitation Check here ~ D If following SOP 98-2 (ASC 958-720) Form 990 (2017 Form 990 (2017) _@.:i Page 11 Balance Sheet D Check If Schedule 0 contains a response or note to any line In this Part IX (A) Beginning of year 1 Cash - no n -I nterest- bea rI ng 2 Savings and temporary cash Investments 3 Pledges and grants receivable, net 4 Accounts receivable, net 5 7 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part II of Schedule L Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described In section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L Notes and loans receivable, net 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 6 V'!