2024-01-25T16:16:36-06:00 2023-09-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-10-01 131782482 PHYSICIANS HOME INC PHYS 6469082637 515 MADISON AVE FL 8 NEW YORK NY 100228606 ANDREW SAMA MD CHAIRMAN 6469082637 2024-01-25 1 ANDREW SAMA MD 999009999 1 EVA MRUK P00543254 2122862600 2024-01-25 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW SAMA MD 515 MADISON AVE FL 8 NEW YORK NY 100228606 3105074 0 X WWW.PHYSICIANSHOME.ORG X 1919 NY TO ASSIST PHYSICIANS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 11 11 3 14 0 0 45398 48048 0 0 647508 332075 0 0 692906 380123 269585 255950 0 0 114752 71246 0 0 35985 207351 206619 591688 533815 101218 -153692 12242729 13839493 26400 77982 12216329 13761511 PHYSICIANS' HOME ASSISTS PHYSICIANS AND THEIR FAMILY MEMBERS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 0 0 328722 255950 0 PHYSICIANS' HOME PROVIDES HELP TO PHYSICIANS WHO FALL ON HARD FINANCIAL TIMES AND/OR THEIR IMMEDIATE FAMILY MEMBERS WHO BECOME DEPENDENT. DURING THE YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS EVALUATED THE NEEDS OF NEW BENEFICIARIES AS WELL AS THOSE OF EXISTING BENEFICIARIES FOR CONTINUED ASSISTANCE. THE ORGANIZATION PROVIDED $255,650 IN DIRECT ASSISTANCE TO 14 PHYSICIANS AND 7 FAMILY MEMBERS DURING THE YEAR. 328722 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X MARTHA REDO ESQ 6469082637 515 MADISON AVE FL 8 NEW YORK NY 100228606 JOSEPH B CLEARY MD DIRECTOR/PRESIDENT/CEO THRU 11/27/22 5.00 X X 46154 0 0 ANDREW E SAMA MD DIR/CHAIRMAN/1ST VICE-PRES 5.00 X X 0 0 0 MARTHA REDO ESQ DIRECTOR/2ND VICE-PRESIDENT/TREASURER 1.50 X X 0 0 0 JACQUELINE SALZER MD DIRECTOR/ASST. TREASURER 1.25 X X 0 0 0 DONALD D FAGER ESQ DIRECTOR/SECRETARY THRU 3/23 0.75 X X 0 0 0 SYDNEY D BOGART MD DIRECTOR THRU 9/15/23 0.25 X 0 0 0 BRUCE C HORTEN MD DIRECTOR 1.50 X 0 0 0 FRANK IAQUINTA MD DIRECTOR 0.75 X 0 0 0 DAVID S KARAN MD DIRECTOR THRU 9/6/23 0.01 X 0 0 0 JOHN W LOMBARDO MD DIRECTOR 0.50 X 0 0 0 JOHN A MCCLUNG MD DIRECTOR 0.50 X 0 0 0 FAZLOLLAH MOQTADERI MD DIRECTOR 1.50 X 0 0 0 MARY O'DOWD DIRECTOR 0.50 X 0 0 0 SHARON-MARIE ROONEY MD DIRECTOR 0.50 X 0 0 0 PETER VOGES MD DIRECTOR 0.20 X 0 0 0 46154 0 0 0 0 0 0 0 48048 48048 296381 296381 2760645 2724951 35694 35694 35694 380123 0 0 332075 300 300 255650 255650 9615 4807 2404 2404 56568 28284 14142 14142 5063 2531 1266 1266 4986 4986 33300 33300 82417 82417 11077 4457 4793 1827 65386 32693 16347 16346 508 508 300 300 432 432 6749 6749 FILING FEE 775 775 FOREIGN TAXES 689 689 533815 328722 169108 35985 211112 399747 2112035 2361699 1179 7450 8783 8171 1044 612 9904998 10998507 12361 71478 12242729 13839493 26400 27600 0 1549 0 48833 26400 77982 X 11361024 12811353 855305 950158 12216329 13761511 12242729 13839493 -153692 1698874 0 X X 0 1 X 1 0 X 44790 123925 42854 45398 48048 305015 44790 123925 42854 45398 48048 305015 55654 249361 225306 194200 206740 220141 296381 1142768 1447783 0.17220 0.18310 X PHYSICIANS' HOME HAS DEPENDED ON PUBLIC SUPPORT FROM BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITIES THROUGHOUT ITS LONG HISTORY. THE ORGANIZATION MAINTAINS AN ONGOING PROGRAM TO OBTAIN PUBLIC SUPPORT WHICH CENTERS ON AN ANNUAL FUNDRAISING APPEAL TO PREVIOUS DONORS. AT INTERVALS AN APPEAL IS SENT TO ALL NEW YORK STATE PHYSICIANS, NUMBERING OVER 70, 000. ALSO, MANY OF THE NEW YORK COUNTY MEDICAL SOCIETIES, WHEN SOLICITING THEIR ANNUAL DUES PAYMENT FROM MEMBER PHYSICIANS, ENCOURAGE THE DOCTORS TO ADD AN ADDITIONAL AMOUNT FOR PHYSICIANS' HOME - WHICH THE MEDICAL SOCIETY THEN FORWARDS TO US. DURING THE YEAR ENDED SEPTEMBER 30, 2023, PHYSICIANS' HOME RECEIVED 295 DONATIONS, LARGE AND SMALL IN AMOUNT, MOSTLY FROM INDIVIDUAL CONTRIBUTORS.IN 2023, PHYSICIANS' HOME WAS WORKING ON ITS DONOR'S JOURNAL, FOR DISTRIBUTION AT A DONOR EVENT IN EARLY FISCAL YEAR 2024. THE JOURNAL WAS DISTRIBUTED AT THE EVENT PHYSICIANS' HOME HELD FOR DONORS IN NOVEMBER 2023. THE DONOR'S JOURNAL PROVIDES CONTRIBUTORS THE OPPORTUNITY TO EXPRESS MESSAGES OF SUPPORT ALONG WITH THEIR DONATION. THE JOURNAL, WHILE REQUIRING MUCH EFFORT, IS AN IMPORTANT PART OF OUR FUNDRAISING PLAN.ONLINE DONATION IS FACILITATED BY THE TRANSACTION PAGES ON OUR WEBSITE DONOR SECTION WHICH IS SPECIFICALLY DESIGNED FOR A CHARITABLE NON-PROFIT ORGANIZATION. WE ALSO CONTINUE TO COLLECT CONTRIBUTOR EMAIL ADDRESSES FOR A DATABASE, SO THAT WE CAN INTERACT WITH MOST CONTRIBUTORS BY EMAIL.THE ORGANIZATION'S INVESTMENT PORTFOLIO HAS BEEN BUILT UP OVER THE YEARS AS A RESULT OF ONGOING GENEROSITY OF BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITIES. DONATIONS HAVE INCLUDED OVER ONE HUNDRED ESTATE BEQUESTS SINCE THE ORGANIZATION'S FOUNDING IN 1919.THE ADMINISTRATIVE OFFICE IS STAFFED DAILY, RESPONDING TO INQUIRIES FROM INDIVIDUALS SEEKING HELP, AS WELL AS GIVING CLOSE ATTENTION TO THE DETAILS REQUIRED TO PROCESS DONATIONS. ASSISTANCE PAYMENTS ARE MADE FROM THE OFFICE TO BENEFICIARIES ON A MONTHLY BASIS; A DIRECT DEPOSIT OPTION IS AVAILABLE TO BENEFICIARIES WHO WISH TO GO THAT ROUTE. ON OCCASION, ADDITIONAL ASSISTANCE MAY BE PROVIDED SHOULD AN URGENT BENEFICIARY SITUATION ARISE.PHYSICIANS' HOME HOLDS EXECUTIVE COMMITTEE MEETINGS, TO REVIEW BENEFICIARY CIRCUMSTANCES, AT A REGULAR INTERVAL. WE CONTINUE TO OFFER MEMBERS THE OPTION OF VIRTUAL ATTENDANCE, WHICH WAS FIRST INITIATED DURING THE COVID SITUATION. OUR GOVERNING BODY CONSISTS OF PRACTICING AND RETIRED PHYSICIANS, AS WELL AS OTHERS DEDICATED TO THE MISSION OF PHYSICIANS' HOME. THEY PROVIDE DIVERSE POINTS OF VIEW REGARDING MATTERS BEFORE THE ORGANIZATION, AND ALL LOOK WITH ENTHUSIASM AS WE CONTINUE OUR SECOND CENTURY OF CHARITABLE WORK. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 855305 122353 27500 950158 987901 -112243 20353 855305 829789 179577 21465 987901 810202 39716 20129 829789 799843 32840 22481 810202 0.00000 0.20683 0.79317 0 0 3818 3206 612 4965 4965 0 612 LEASE LIABILITY 48833 48833 X 1995891 1698874 1698874 297017 82417 689 83106 380123 450709 0 450709 82417 689 83106 533815 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION'S RETURNS FOR ALL YEARS SINCE FISCAL 2020 REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES REPORTED ON PART IX 689. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES REPORTED ON PART IX 689. 1 FINANCIAL ASSISTANCE 21 255650 PART I, LINE 2: THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR MONITORING THE USE OF THE GRANT FUNDS FOR THEIR INTENDED PURPOSES. THE EXECUTIVE COMMITTEE, ALONG WITH BOARD MEMBERS ON A ROTATING BASIS, HAS THE RESPONSIBILITY OF MONITORING THE APPROPRIATE DISTRIBUTION OF FUNDS TO BENEFICIARIES. THE COMMITTEE REVIEWS BENEFICIARIES AT A MINIMUM OF ONCE PER YEAR, AND OFTEN MORE FREQUENTLY, AND THIS INCLUDES INFORMATION PROVIDED THROUGH SOCIAL SERVICE INTERVIEWS AND THIRD-PARTY ORGANIZATIONS WHO MAY BE INVOLVED IN THE BENEFICIARY CIRCUMSTANCES. SOME BENEFICIARIES ARE ASKED FOR DETAILED DOCUMENTATION OF THEIR STATED EXPENSES, WHICH IS THEN COMPARED TO THE AMOUNT AWARDED. FORM 990, PART VI, SECTION A, LINE 6 PHYSICIANS' HOME HAS TWO CLASSES OF MEMBERSHIP, CONTRIBUTING MEMBERS AND ADMINISTRATIVE MEMBERS. CONTRIBUTORS OF $25 OR MORE TO THE ORGANIZATION ARE CONTRIBUTING MEMBERS FOR THAT FISCAL YEAR. DIRECTORS, TRUSTEES, AND OFFICERS ARE ADMINISTRATIVE MEMBERS. BOTH CLASSES OF MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS, WHICH ARE ELECTED ANNUALLY BY A MAJORITY VOTE OF ALL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CONTRIBUTING MEMBERS AND ADMINISTRATIVE MEMBERS ARE EACH ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, TO ELECT THE BOARD OF DIRECTORS, AND ON ANY OTHER MATTER AS DETERMINED BY THE BOARD OF DIRECTORS. MATTERS ARE DECIDED BY THE CONCURRING VOTE OF THE MAJORITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, AND THEN REVIEWED INTERNALLY BY THE ORGANIZATION'S CHAIRMAN OR OTHER DESIGNATED OFFICER AND THE ORGANIZATION'S OUTSIDE CONSULTANT. ONCE THIS IS COMPLETE, A COPY OF THE FORM 990 IS ELECTRONICALLY PROVIDED TO ALL CURRENT BOARD MEMBERS FOR ANY COMMENTS. ANY COMMENTS ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PHYSICIANS' HOME CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES. THESE PERSONS RECEIVE A STATEMENT OF CONFLICT OF INTEREST POLICY (WHICH ALSO COVERS CONFIDENTIALITY AND WHISTLEBLOWER ACTIVITIES). EACH PERSON SHALL ANNUALLY COMPLETE AND SIGN CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST STATEMENT REQUIRES THAT PERSONS COVERED UNDER THE STATEMENT WILL DISCLOSE TO THE EXECUTIVE COMMITTEE ANY SUCH SITUATION. IF AND WHEN A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED AND DETERMINED BY THE EXECUTIVE COMMITTEE, THE PERSON IS EXPECTED TO RECUSE HIMSELF/HERSELF FROM THE ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S PRESIDENT & CEO SERVED UNTIL HIS PASSING IN NOVEMBER 2022, AND THE POSITION WAS NOT REPLACED FOR THE REMAINDER OF THE FISCAL YEAR. THE ORGANIZATION'S VOLUNTEER BOARD OFFICERS HAVE ASSUMED THE MANAGEMENT DUTIES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE UPON REQUEST AND IS POSTED ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BYLAWS ARE AVAILABLE UPON REQUEST.