2024-11-04T16:43:24-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-01-01 223208480 VALLEY HOME CARE INC VALL 2012916000 15 ESSEX ROAD 3RD FLOOR 301 PARAMUS NJ 07652 WILLIAM KLUTKOWSKI SR. VP, FINANCE & CFO 2012916000 2024-11-04 1 1 EDWARD G O'CONNOR P00434443 2017129800 2024-10-31 2023 2024-10-15 13:58:12Z WILLIAM KLUTKOWSKI 15 ESSEX ROAD 3RD FLOOR 301 PARAMUS NJ 07652 72559769 0 X VALLEYHEALTH.COM X 1986 NJ VALLEY HOME CARE PROVIDES AN INTEGRATED DELIVERY OF BOTH HOME HEALTH AND WELLNESS PROGRAMS TO ITS SERVICE AREA OF PASSAIC AND BERGEN COUNTIES 24 HOURS A DAY SEVEN DAYS A WEEK. IN 2023, THIS CARE INCLUDED OVER 280,000 HOME VISITS PROVIDED BY A DEDICATED AND WELL EDUCATED STAFF INCLUDING NURSES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, HOME HEALTH AIDES, SOCIAL WORKERS AND SPECIALTY CLINICIANS. 19 18 512 35 0 0 638924 469793 64812049 66944174 820913 1398814 708 5458 66272594 68818239 0 1000000 0 0 48264435 48612755 0 0 0 10557087 10902640 58821522 60515395 7451072 8302844 70208195 85226459 11203835 11969545 59004360 73256914 X THE MISSION OF VALLEY HOME CARE, WHICH IS PART OF THE VALLEY HEALTH SYSTEM, IS TO SUPPORT THE INTEGRATED DELIVERY OF HEALTH AND WELLNESS PROGRAMS TO POPULATIONS WITHIN OUR SERVICE AREA. VALLEY HOME CARE RESPONDS TO THE CHANGING HEALTH CARE NEEDS OF OUR COMMUNITY WITH FLEXIBILITY AND INNOVATION TO UNDERTAKE THOSE SERVICES WHERE WE CAN MAINTAIN THE HIGHEST STANDARDS OF PRACTICE IN A FISCALLY RESPONSIBLE MANNER. 0 0 26526132 1000000 42142093 VALLEY HOME CARE PROVIDES IN HOME MEDICAL CARE TO THE RESIDENTS OF PASSAIC AND BERGEN COUNTY. IN 2023, VALLEY HOME CARE MADE AN ESTIMATED 197,000 HOME VISITS TO OVER 12,000 PATIENTS. THESE PATIENTS WITH A MULTITUDE OF MEDICAL CONDITIONS VARY IN AGE FROM NEW BORN TO THE ELDERLY. THE VAST MAJORITY (75%) OF THESE PATIENTS ARE MEDICARE AND MEDICAID PARTICIPANTS WITH THE BALANCE OF THE PATIENTS BEING COMMERCIAL INSURANCE, SELF PAY OR CHARITY CARE. VALLEY HOME CARE PROVIDES THIS CARE WITH OVER 400 DEDICATED STAFF MEMBERS, INCLUDING NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE, INC'S THREE MAIN HOME CARE PROGRAMS ARE THE ADULT HOME CARE PROGRAM, THE MATERNAL CHILD HEALTH PROGRAM AND THE HOSPICE PROGRAM.THE ADULT HOME CARE PROGRAM PROVIDES HOME CARE SERVICES TO THOSE PATIENTS OVER EIGHTEEN YEARS OLD. THE MAJORITY OF THE PATIENTS IN THIS PROGRAM ARE THE ELDERLY WHO ARE MEDICALLY HOME BOUND AND IN NEED OF MEDICAL ASSISTANCE IN THE HOME. IN MANY CASES THESE PATIENTS LIVE ALONE AND VALLEY HOME CARE IS THEIR LIFE LINE TO MEDICAL CARE. THIS CARE IS PROVIDED BY NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE HAS INVESTED SIGNIFICANT RESOURCES TO ASSURE THAT OUR CLINICAL STAFF HAS BOTH THE PROPER TRAINING AND TECHNOLOGY NEEDED TO HANDLE THE COMPLICATED IN HOME MEDICAL NEEDS OF OUR PATIENTS. 17172189 0 22643563 THE VALLEY HOSPICE PROVIDES END OF LIFE CARE TO PATIENTS IN PASSAIC AND BERGEN COUNTY. THE VALLEY HOSPICE ASSISTS OVER 1,380 PATIENTS AND FAMILIES MAKES OVER 80,000 HOME VISITS EACH YEAR. THE VALLEY HOSPICE NOT ONLY PROVIDES COMFORT AND MEDICAL CARE TO ITS PATIENTS WITH HIGHLY TRAINED CLINICAL STAFF, BUT ALSO HELPS THE FAMILY IN COPING WITH THE LOSS OF A LOVED ONE. THIS IS ACCOMPLISHED THROUGH MANY PROGRAMS WHICH ARE AVAILABLE SUCH AS THE BEREAVEMENT PROGRAM, WHICH HELPS THE FAMILY COPE WITH THE SITUATION. ALSO, THE JOURNEYS PROGRAM, WHICH IS AN ART THERAPY PROGRAM TO HELP THE CHILDREN AND SIBLINGS DEAL WITH THE LOSS OF A LOVED ONE. 2113027 0 1394255 VALLEY HOME CARE PROVIDES OUTPATIENT REHABILITATION SERVICES WITH OVER 12,750 VISITS PROVIDED TO PATIENTS, HELPING THEM TO STAY IN THEIR HOME. 990032 0 764263 THE MATERNAL CHILD HEALTH PROGRAM PROVIDES HOME CARE SERVICES TO THOSE PATIENTS UNDER EIGHTEEN YEARS OLD. THE MAJORITY OF THE PATIENTS ON THIS PROGRAM ARE INFANTS AND THEIR MOTHER. THE CARE PROVIDED TO THIS GROUP OF PATIENTS RANGE FROM MEDICAL NEEDS OF THE CHILDREN TO THE PARENTAL EDUCATIONAL NEEDS OF THE FAMILY. MANY OF THE YOUNG CHILDREN WHO COME TO VALLEY HOME CARE DO SO WITH SIGNIFICANT MEDICAL NEEDS AND REMAIN VALLEY HOME CARE PATIENTS INTO ADULTHOOD. THE MATERNAL CHILD HEALTH PROGRAM ALSO HAS A PEDIATRIC HOSPICE COMPONENT, THE BUTTERFLIES PROGRAM, WHICH CARES FOR THE TERMINALLY ILL PEDIATRIC PATIENT. THE MATERNAL CHILD HEALTH PROGRAM MAKES OVER 3,850 VISITS ANNUALLY BY VARIOUS VALLEY HOME CARE STAFF MEMBERS. 990032 0 764263 46801380 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 512 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X TONI MODAK 2012916232 15 ESSEX ROAD 3RD FLOOR PARAMUS NJ 07652 AUDREY MEYERS PRESIDENT & CEO, VHS 1.80 38.20 X X 0 2880401 52035 KEVIN LOBO CHAIR 0.10 0.50 X X 0 0 0 ANN LIMBERG VICE CHAIR 0.10 0.50 X X 0 0 0 FRANK J SHEEHY VICE CHAIR 0.10 0.50 X X 0 0 0 JOSEPH MARION TREASURER 0.10 0.50 X X 0 0 0 DENIS SALAMONE SECRETARY 0.10 0.50 X X 0 0 0 VINCENT FORLENZA CHAIR EMERITUS 0.10 0.50 X 0 0 0 JUDY BASELICE TRUSTEE 0.10 0.50 X 0 0 0 JAMES BUSH TRUSTEE 0.10 0.50 X 0 0 0 MICHELLE HASSON TRUSTEE 0.10 0.50 X 0 0 0 M SHAWN KENNEDY TRUSTEE 0.10 0.50 X 0 0 0 BRUCE MACTAS TRUSTEE 0.10 0.50 X 0 0 0 DUANE SACHS TRUSTEE 0.10 0.50 X 0 0 0 SCOTT SCHROEDER TRUSTEE 0.10 0.50 X 0 0 0 EDWARD B SELF MD TRUSTEE 0.10 1.00 X 0 0 0 STEVEN SILVERSTEIN TRUSTEE 0.10 0.50 X 0 0 0 JEFFREY TUCKER TRUSTEE 0.10 0.50 X 0 0 0 PATRICIA VERDUIN TRUSTEE 0.10 0.50 X 0 0 0 WAYNE WALD ESQ TRUSTEE 0.10 0.50 X 0 0 0 WILLIAM KLUTKOWSKI SR. VP, FINANCE & CFO 2.00 38.00 X 0 1079106 51469 ROBERT W BRENNER PRESIDENT CLINICAL INTEGRATION/PHYSICIAN ENT. 8.00 32.00 X 0 1529833 29878 TONI MODAK VICE PRESIDENT, VHS 40.00 0.00 X 0 457469 35624 RAMZI ISSA ADMISSION NURSE 40.00 0.00 X 263171 0 2372 ROSEMARIE RANURO DIRECTOR, CLINCAL SERVICES 40.00 0.00 X 235937 0 38452 JOSEPH P SO PHYSICAL THERAPIST 40.00 0.00 X 187938 0 39706 DOEHEE KIM PHYSICAL THERAPIST 40.00 0.00 X 176255 0 43339 FARIBA HAGHSHENAS DIRECTOR 40.00 0.00 X 281449 0 2489 1144750 5946809 295364 168 0 1 0 VAYA WORFORCE SOLUTION LLC PO BOX 713427 CHICAGO IL 606774327 NURSING/PT SERVICES 793794 HOME CARE HOME BASE PO BOX 678637 DALLAS TX 752678637 SOFTWARE AND MAINTENANCE SERVICES 453964 MCBEE ASSOCIATES INC PO BOX 823519 PHILADELPHIA PA 191823519 MEDICAL SERVICES 405010 CHRISTIONA HEALTH CARE CENTER 301 SICOMAC AVENUE WYCKOFF NJ 07481 REHABILITATIVE SERVICES 393502 CHECKIT LLC 146 FOREST ROAD ALLENDALE NJ 07401 MEDICAL SERVICES 218410 15 469793 24211 469793 PATIENT SERVICE REVENUE 621610 66944174 66944174 66944174 1419579 1419579 3720765 3741530 -20765 -20765 -20765 MISCELLANEOUS REVENUE 900099 4983 4983 MEDICAL RECORD FEES 900099 475 475 5458 68818239 66944174 0 1404272 1000000 1000000 41593709 32936866 8656843 1211126 1013851 197275 2943753 2033106 910647 2864167 2397635 466532 91375 91375 14318 14318 5184535 2285074 2899461 4100 3544 556 962318 819957 142361 895413 773924 121489 417249 349299 67950 832425 719482 112943 7418 6412 1006 108507 90833 17674 750 648 102 MEDICAL SUPPLIES 2284853 2284853 ADMISSION KITS 71909 62152 9757 MISCELLANEOUS EXPENSES 27470 23744 3726 60515395 46801380 13714015 0 5767114 8844776 1008715 1657257 7438694 9087738 291536 398303 722253 453417 267058 268836 49633001 58577236 5802077 6392313 70208195 85226459 6544785 5725093 0 1272576 4659050 4971876 11203835 11969545 X 54796214 68800838 4208146 4456076 59004360 73256914 70208195 85226459 X 8302844 5460284 489426 X X 0 1 X 1 0 X 354584 3375905 546855 638924 469793 5386061 56136848 52173809 62343673 64812049 66944174 302410553 56491432 55549714 62890528 65450973 67413967 307796614 0 0 0 307796614 899729 608485 895580 937902 1419579 4761275 899729 608485 895580 937902 1419579 4761275 18887 11664 639 708 5458 37356 57410048 56169863 63786747 66389583 68839004 312595245 0.98460 0.98560 0.01520 0.01430 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 1,180. 2020 AMOUNT: $ 11,363. 2021 AMOUNT: $ 483. 2022 AMOUNT: $ 310. 2023 AMOUNT: $ 4,983. CLINICAL EDUCATION - MEDICAL RECORD FEES - 2019 AMOUNT: $ 17,707. 2020 AMOUNT: $ 301. 2021 AMOUNT: $ 156. 2022 AMOUNT: $ 398. 2023 AMOUNT: $ 475. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4208147 4536 484890 241497 4456076 4927890 96232 -584659 231316 4208147 4629033 3889 511635 216667 4927890 4360950 109525 425955 267397 4629033 3929581 76408 655683 300722 4360950 0.00000 0.51332 0.48668 0 1 1 11445 9156 2289 14158 8153 6005 696650 436108 260542 268836 ASSETS HELD BY RELATED ORGANIZATIONS 4456076 OPERATING LEASE - RIGHT OF USE ASSET 1223168 DUE FROM AFFILIATES 713069 6392313 ESTIMATED THIRD PARTY PAYOR SETTLEMENTS 3748708 OPERATING LEASE LIABILITY 1223168 4971876 X 74767949 5460284 489426 5949710 68818239 0 68818239 60515395 0 60515395 0 60515395 PART V, LINE 4: VALLEY HOME CARE'S ENDOWMENT FUNDS ARE HELD BY THE VALLEY HOSPITAL FOUNDATION. THE FOUNDATION CURRENTLY MAINTAINS EIGHT DONOR-RESTRICTED AND TWO BOARD-DESIGNATED ENDOWMENT FUNDS WHOSE PURPOSES ARE TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS AND SERVICE OF THE VALLEY HOSPITAL AND/OR VALLEY HOME CARE. PART X, LINE 2: VHC IS A TAX-EXEMPT ORGANIZATION UNDER EXISTING PROVISIONS OF THE INTERNAL REVENUE CODE 501(C)(3), AND ITS RELATED INCOME IS NOT SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAXES. VHC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT VHC HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. VHC IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE 2020 TAX YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN ASSETS HELD BY RELATED ORGANIZATION 489,426. 1 THE VALLEY HOSPITAL FOUNDATION INC 223 NORTH VAN DIEN AVENUE RIDGEWOOD NJ 07450 222324554 501(C)(3) 1000000 0 TO SUPPORT THE CONSTRUCTION OF THE NEW HOSPITAL 1 PART I, LINE 2: VALLEY HOME CARE, INC. RECEIVES CONTRIBUTIONS FROM VARIOUS SOURCES, WHICH COULD BE FROM AN INDIVIDUAL OR BUSINESS. FUNDS RECEIVED ARE ALLOCATED TO A RESTRICTED (TO A PROGRAM OR TO A DEFINE SERVICE) OR UNRESTRICTED FUND. GRANTS FROM RESTRICTED FUNDS ARE USED AND INDIVIDUALLY TRACKED TO THE PARTICULAR PROGRAMS OR SERVICES EARMARKED FOR. GRANTS FROM UNRESTRICTED FUNDS ARE GENERALLY USED TO PROVIDE SERVICES TO PEOPLE IN NEED OR TO IMPROVE THE SERVICE WE PROVIDE. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 AUDREY MEYERS PRESIDENT & CEO, VHS 0 1349573 0 1039480 0 491348 0 24750 0 27285 0 2932436 0 437682 ROBERT W BRENNER PRESIDENT CLINICAL INTEGRATION/PHYSICIAN ENT. 0 852454 0 366860 0 310519 0 14850 0 15028 0 1559711 0 0 WILLIAM KLUTKOWSKI SR. VP, FINANCE & CFO 0 669565 0 204270 0 205271 0 21450 0 30019 0 1130575 0 0 TONI MODAK VICE PRESIDENT, VHS 0 311659 0 83640 0 62170 0 15192 0 20432 0 493093 0 0 FARIBA HAGHSHENAS DIRECTOR 243706 0 20123 0 17620 0 2489 0 0 0 283938 0 0 0 ROSEMARIE RANURO DIRECTOR, CLINCAL SERVICES 208838 0 24053 0 3046 0 10821 0 27631 0 274389 0 0 0 RAMZI ISSA ADMISSION NURSE 167152 0 95687 0 332 0 2372 0 0 0 265543 0 0 0 JOSEPH P SO PHYSICAL THERAPIST 183105 0 3627 0 1206 0 4844 0 34862 0 227644 0 0 0 DOEHEE KIM PHYSICAL THERAPIST 169567 0 6139 0 549 0 4966 0 38373 0 219594 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED TAX GROSS-UP PAYMENTS TO THE FOLLOWING PERSONS: ROSEMARIE RANURO, $10 JOSEPH P. SO, $210 THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSONS. PART I, LINE 3 THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED. PART I, LINE 4B AUDREY MEYERS PARTICIPATED IN A CAP-EX (SPLIT-DOLLAR LIFE INSURANCE PLAN). SHE DID NOT RECEIVE A PAYMENT DURING 2023. AUDREY MEYERS AND WILLIAM KLUTKOWSKI PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. AUDREY MEYERS RECEIVED A PAYMENT IN 2023 IN THE AMOUNT OF $437,682 AS REPORTED IN PART II, COLUMN BIII AND COLUMN F. PART I, LINE 7 EMPLOYEES OF THE ORGANIZATION RECEIVED A BOARD-APPROVED DISCRETIONARY BONUS, AWARDED BASED ON PERFORMANCE, AS REPORTED FOR THEM IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS VALLEY HEALTH SYSTEM, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER HAS THE RIGHT TO NOMINATE, ELECT, AND REMOVE THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY OF THE FOLLOWING ACTIONS REQUIRE THE APPROVAL OF THE SOLE MEMBER: A) SUBJECT TO THE PROVISIONS OF SECTION 2.2 OF THE BYLAWS, TO DETERMINE THE NUMBER OF TRUSTEES ON THE BOARD. B) SUBJECT TO THE PROVISIONS OF SECTION 2.2 OF THE BYLAWS, TO NOMINATE AND ELECT THE TRUSTEES OF THE CORPORATION. C) TO REMOVE ANY OF THE CORPORATION'S TRUSTEES, WITH OR WITHOUT CAUSE, AND TO APPROVE ANY RECOMMENDATION TO REMOVE A TRUSTEE BY THE BOARD D) TO APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT, REAPPOINTMENT AND REMOVAL OF ANY OFFICERS OF THE CORPORATION. E) TO AMEND, REVISE OR RESTATE THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS, AND TO APPROVE ALL AMENDMENTS OR REVISIONS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BYLAWS THAT MAY BE PROPOSED OR APPROVED BY THE BOARD BEFORE THEY BECOME EFFECTIVE. F) TO ADOPT OR CHANGE THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE CORPORATION. G) TO CHANGE THE LEGAL STRUCTURE OF THE CORPORATION. H) TO DISSOLVE, DIVIDE, CONVERT OR LIQUIDATE THE CORPORATION, TO CONSOLIDATE OR MERGE THE CORPORATION WITH ANOTHER CORPORATION OR ENTITY, TO SELL ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, TO CAUSE THE CORPORATION TO ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER CORPORATION OR ENTITY, AND TO APPROVE ANY OF THE FOREGOING ACTIONS THAT ARE RECOMMENDED BY THE BOARD BEFORE SUCH ACTION BECOMES EFFECTIVE. I) TO APPROVE THE ANNUAL CAPITAL AND OPERATING BUDGETS OF THE CORPORATION AND ANY AMENDMENTS THERETO. J) TO INITIATE AND TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION OR TO IMPLEMENT ANY FINANCING STRATEGY, INCLUDING WITHOUT LIMITATION IN CONNECTION WITH ANY DEBT ISSUANCE, CAPITAL OR OPERATING LEASING TRANSACTIONS, AND TAXABLE AND NONTAXABLE FINANCINGS. K) TO APPROVE THE INCURRENCE OF DEBT BY THE CORPORATION IN EXCESS OF THOSE THRESHOLDS ESTABLISHED BY THE BOARD, IF SUCH INCURRENCE OF DEBT IS NOT INCLUDED IN THE CORPORATION'S APPROVED BUDGETS, WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS. L) TO CAUSE OR DIRECT THE CORPORATION TO PAY, LOAN OR OTHERWISE TRANSFER SUCH FUNDS AS ARE NECESSARY TO PAY ANY OUTSTANDING INDEBTEDNESS OBLIGATIONS, INCLUDING BUT NOT LIMITED TO BORROWINGS, GUARANTIES, NON-RECOURSE INDEBTEDNESS, LEASES, AND DERIVATIVE INSTRUMENTS, CREATED OR APPROVED BY THE CORPORATION. M) TO EXERCISE SUCH OVERSIGHT, INCLUDING INITIATING ACTION OR APPROVING ACTION BY THE CORPORATION, OVER THE MANAGEMENT, POLICIES, DISPOSITION OR ENCUMBRANCE OF ASSETS, INCLUDING REAL OR PERSONAL PROPERTY, OF THE CORPORATION TO CAUSE OR ENSURE COMPLIANCE WITH TERMS AND CONDITIONS OF INDEBTEDNESS OBLIGATIONS AND FINANCIAL RELATIONSHIPS RELATED IN ANY MANNER TO SUCH INDEBTEDNESS. N) TO APPROVE ANY DONATION OR ANY OTHER TRANSFER OF THE CORPORATION'S ASSETS, OTHER THAN TO AN AFFILIATED ENTITY, IN EXCESS OF AN AMOUNT EQUAL TO OR GREATER THAN THE THRESHOLDS ESTABLISHED BY THE BOARD FOR SUCH CORPORATION, UNLESS SPECIFICALLY AUTHORIZED IN THE CORPORATION'S APPROVED BUDGETS. O) TO SELECT AND APPOINT AUDITORS OF THE CORPORATION. P) TO INITIATE AND APPROVE STRATEGIC PLANS AND MISSION STATEMENTS OF THE CORPORATION. Q) TO INITIATE AND APPROVE INVESTMENT POLICIES AND CAPITAL CAMPAIGNS OF THE CORPORATION. R) TO INITIATE AND APPROVE THE FORMATION OF SUBSIDIARIES OF THE CORPORATION. S) TO THE EXTENT NOT EXPRESSLY SET FORTH ABOVE, TO DIRECT OR REQUIRE THE CORPORATION TO TAKE ANY OTHER LAWFUL ACTS OR ACTIONS WITH RESPECT TO THE CORPORATION'S BUSINESS, AFFAIRS, MANAGEMENT, PROPERTIES OR ACTIVITIES THAT THE SOLE MEMBER MAY DIRECT. FORM 990, PART VI, SECTION B, LINE 11B VALLEY HOME CARE HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 IS PREPARED, IT IS SUBMITTED TO MANAGEMENT AND THE AUDIT COMMITTEE FOR REVIEW. ANY COMMENTS ARE SUMMARIZED AND PROVIDED TO THE DIRECTOR OF FINANCE. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED BY THE AUDIT COMMITTEE FOR FILING WITH THE INTERNAL REVENUE SERVICE. BEFORE FILING, THE FORM 990 IS MADE AVAILABLE FOR THE BOARD'S REVIEW, BY HARD COPY AND OR ELECTRONIC COPY. FORM 990, PART VI, SECTION B, LINE 12C THE VALLEY HEALTH SYSTEM HAS A CONFLICT OF INTEREST POLICY WHICH COVERS ALL CONTROLLED ORGANIZATIONS WITHIN THE HEALTH SYSTEM, INCLUDING THIS ORGANIZATION. THE POLICY REQUIRES ALL TRUSTEES, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS WHICH MAY EXIST. SUCH PERSONS ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. CONFLICTS ARE DETERMINED BY THE BOARD OF TRUSTEES OR DELEGATED COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. PERSONS WITH CONFLICTS OF INTEREST MUST NOT PARTICIPATE IN THE DISCUSSION OR VOTE ON THE RELATED MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD IS A SHARED BOARD WITH THE VALLEY HEALTH SYSTEM. THE VALLEY HEALTH SYSTEM HAS DEVELOPED A COMPENSATION PLAN, WHICH GOVERNS THE COMPENSATION FOR ALL EXECUTIVES, INCLUDING THE CEO AND VICE PRESIDENTS OF THE ORGANIZATION. THE PLAN WAS DEVELOPED IN CONJUNCTION WITH A CONSULTING FIRM, REVIEWED BY THE PHYSICIAN LEADERSHIP COUNCIL AND APPROVED BY THE BOARD OF TRUSTEES AND THE VALLEY HEALTH SYSTEM PHYSICIAN COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE PLAN IS REVIEWED AND UPDATED AS NEEDED. THE COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED AND THE PROCESS WAS LAST UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN ASSETS HELD BY RELATED ORGANIZATION 489,426. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE VALLEY HOSPITAL FOUNDATION INC 223 NORTH VAN DIEN AVENUE RIDGEWOOD NJ 07450 222324554 SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEM NJ 501(C)(3) LINE 7 VALLEY HEALTH SYSTEM INC 0 THE VALLEY HOSPITAL INC 223 NORTH VAN DIEN AVENUE RIDGEWOOD NJ 07450 221487307 PROVIDE HEALTHCARE PROGRAMS AND SERVICES TO ALL NJ 501(C)(3) LINE 3 VALLEY HEALTH SYSTEM INC 0 VALLEY HEALTH SYSTEM INC 223 NORTH VAN DIEN AVENUE RIDGEWOOD NJ 07450 222922016 PROVIDES MANAGEMENT AND PLANNING SERVICES FOR ITS MEMBERS NJ 501(C)(3) LINE 10 N/A 0 VALLEY PHYSICIAN SERVICE NY PC 15 ESSEX ROAD PARAMUS NJ 07652 453125678 OPERATES URGENT/PRIMARY CARE CLINICS NY 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 0 VALLEY PHYSICIAN SERVICES INC 223 NORTH VAN DIEN AVENUE RIDGEWOOD NJ 07450 320041186 PROVIDES MANAGEMENT AND VARIED CONSULTING SERVICES NJ 501(C)(3) LINE 10 THE VALLEY HOSPITAL INC 0 VALLEY PHYSICIAN SERVICES PC 15 ESSEX ROAD PARAMUS NJ 07652 465285330 PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE NJ 501(C)(3) LINE 10 VALLEY PHYSICIAN SERVICES INC 0 VHS INSURANCE COMPANY LTD 010 MAIN STREET CJ 980408200 PROVIDES PROFESSIONAL, MEDICAL AND COMMERCIAL GENERAL LIABILITY INSURANCE CJ VALLEY HEALTH SYSTEM INC C 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1