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ANNUAL REPORT
•134 years
Seth Vilensky
Lawrence A. Mack
FINANCIAL STATEMENTS
Consolidated statements of activities and changes in net assetsfor the year ended June 30, 2016
REVENUES AND OTHER SUPPORT Home $26,766,864
Foundation 386,466
Housing Corporation 10,007,527
TOTAL REVENUES AND OTHER SUPPORT 37,160,857
EXPENSES Home $30,161,380
Foundation 364,269
Housing Corporation 8,569,443
TOTAL EXPENSES 39,095,092
EXCESS OF EXPENSES OVER REVENUES AND OTHER SUPPORT (1,934,235)
CHANGE IN VALUE OF INTEREST RATE SWAP 44,252
CHANGE IN UNFUNDED PENSION LIABILITY (2,578,304)
CHANGE IN NET ASSETS (4,468,287)
NET ASSETS, BEGINNING OF YEAR 29,945,297
NET ASSETS, END OF YEAR $25,477,010
Our Mission
Guided by Jewish values,
Montefioreprovidesacontinuum
ofqualitycompassionate
healthcareservicestoadultsand
support to families through
individualizedcareinourhomeor
yours,respectforthedignityand
independenceofthoseweserve,a
dedicatedandcaringteamand
innovative programming.
Our Vision
Montefiorewillsetthe
standard for delivering premier
healthcareservicestoadultsin
ourcommunityastheyage.
Montefi ore
congratulates the
2016 NBA Champions
– Cleveland Cavaliers!
Montefioreresidents,family,staffandvolunteerscelebratedtheCavschampionshipwithavictoryparade!Visit our Facebook page "montefi oreseniorliving” to view photos and video.
Dear Friends,
Thankstoexceptionallayandprofessionalcommitment–andinspiringcommunitysupport–weareproudtorecapayearofinnovationandaccomplishment,withaparticularfocusonengagingourresidentsandtheirfamiliesinnewways.Toallweserveintheirvarioushealthcarejourneys, we emphasize, We’ll be by your side every step of the way.
Tobringresidents,families,volunteersandstafftogetherforinteractiveevents,wepremieredFamilyFunNight,heldCasinoNighttowelcometheNewYearandpaintedandenjoyedrefreshmentsatCanvas&WineNight.WhentheCavalierswontheNBAchampionship,Montefiorecelebratedwithitsfirst-evervictoryparade,forwhichwereceivedravereviewsandextensivemediacoverageincludingover60,000“likes”toourparadevideoonFacebook.
Thisyear,theorganizationimprovedoperationsandfinancialperformancethroughincreasesinvolumeinourrehab,long-termcare,assistedlivingandhospiceprograms.Wewereabletoservemoreresidents,patientsandfamilieswhilemanagingtocontrolcostsandachievesignificantfinancialimprovementthenprioryears.Theseimprovementsallowustoreducethegapbetweengovernmentreimbursementsandthecosttoprovidehigh-qualitycare.Agreaterfocusongrowthandfinancialimprovementwillcontinueinthecomingyear.
Inpartnershipwithboardmembers,wecraftednewMissionandVisionstatementsthatmorepreciselyreflectwhoweareandwhatwewanttoachieve.(Seepg.3.)
Inresponsetoastrategicplanpriorityonmemorycare,wecreatedtheMontefioreMemoryCareNetwork,offeringin-homeservicesandsupportalongwithresidentialoptions.MemorycareassistedlivingisofferedatTheWillenskyResidenceatMontefioreandTheDavidandFredaRobinsonResidence,ournew18-suitecommunityatTheWeilsinChagrinFalls.Weinviteyoutovisitourwebsitesforvirtualtoursshowcasingeachcommunity'sbeautifulliving/diningareas,gardensandotheramenities.WewerealsoabletoenhancememorycareservicesthroughagrantfromNOACAforanewvantotransportresidentsandcommunitymemberswithmemoryissues.
Infiscalyear2015/2016,TheMontefioreFoundationhadabanneryearwithincreasesintheannualsustainingcampaignand100%boardparticipationinfundraising.WeconductedourHomeRun5KRun/Walk“fundraiserandfriendraiser”whichenabledustobroadenourreachanddonorbase.October2016marksour25thanniversaryinBeachwoodandacommunity-wideFallHarvestFamilyFestivalisplannedtothankthecommunityforaquarter-centuryofsupport.
Everdedicatedtoenhancingtheemployeeexperience,welaunchedAboveandBeyond,anemployeerecognitionprogramthathasbecomeacentralcomponentofourcorporateculture,andMyMontefiore,aninternetportalforemployeenewsandinformation.
AtMaltzHospiceHouse,nowopenmorethanayear,wehavecaredforover150patientsinthissereneandelegantadditiontoourBeachwoodcampus.ThecommunitycanalsocountontheVinneyHospiceandPalliativeCareteam,intheirownresidenceorinMaltzHospiceHouse,tobringthemcomfortandpeaceofmindatcriticaltimes.
Thishasbeenayearofchangesandchallengesforourorganization–ayearfilledwithopportunity,growthandachievement.Blessedwithdedicatedstaff,boardmembers,donorsandvolunteers,wecontinuetostrivetowardexemplaryprogramsandservicestofulfillourenduringmission.
LawrenceA.Mack SethVilenskyChair,BoardofDirectors President&CEO
32
ASSETS JUNE 30, 2016 2015CURRENT ASSETS Cashandcashequivalents $2,036,994 $1,496,558
Restrictedcash - -
Executiveretirementplan 68,553 154,085
Investments 5,180,817 6,606,924
Accountsreceivable
Residentandthird-partypayor,netofallowancefor uncollectibleaccountsof$389,700atJune30,2016 and $609,000 at June 30, 2015 4,483,792 4,207,157
Pledges,netofallowanceforuncollectibleamounts of $25,000 and $50,000 as of June 30, 2016 and 2015 102,120 153,543
Other 63,122 50,765
Prepaids and Other 345,794 365,322
TOTAL CURRENT ASSETS 12,281,192 13,034,354
ASSETS LIMITED AS TO USE
Investments-fundeddepreciation 4,440,523 4,629,472
Investments under bond indenture 2,651 384
TOTAL ASSETS LIMITED AS TO USE 4,443,174 4,629,856
PROPERTY AND EQUIPMENT Land and land improvements 6,665,893 6,235,959
Building and building improvements 54,355,890 50,643,170
Equipment and furnishings 9,703,387 9,174,710
Vehicles 121,313 72,086
70,846,483 66,125,925
Lessaccumulateddepreciation (32,723,216) (30,294,356)
TOTAL PROPERTY AND EQUIPMENT 38,123,267 35,831,569
OTHER ASSETS Pledgesreceivable,netofcurrentportion 71,839 130,095
Investments 5,373,872 5,310,937
Constructioninprogress 2,500 3,941,503
Loan Fees, net 265,744 186,792
Assets held by others 1,113,250 1,204,013
Softwarecosts,net 80,781 145,461
Deferredfinancingfees,netandother 458,702 492,429
TOTAL OTHER ASSETS 7,366,688 11,411,230
TOTAL ASSETS $62,214,321 $64,907,009
LIABILITIES AND UNRESTRICTED NET ASSETS JUNE 30, 2016 2015CURRENT LIABILITIES Currentportionoflong-termnotespayable-Home $$465,000 $440,000
Currentportionofbondpayable-Housing 586,000 500,000
LineofCredit - 150,000
Accountspayable-trade 1,117,033 2,997,993
Currentportionofcharitablegiftannuityobligations 63,885 63,885
Accrued:
Wages and withholdings 739,040 652,865
Vacation 537,136 570,401
Workers’compensation 343,124 429,694
Other 414,933 453,765
Estimatedthird-partypayorsettlements 836,652 490,561
Residents’personalaccountsanddeposits 417,232 347,443
Deferred revenue 34,651 5,000
Executiveretirementplan 68,553 154,085
TOTAL CURRENT LIABILITIES 5,623,239 7,255,692
NON-CURRENT LIABILITIES Long-termnotepayable,lesscurrentportion-Home 8,365,000 8,830,000
Bondpayable,lesscurrentportion-Housing 14,593,410 12,780,000
Constructionloanpayable - 460,418
Charitablegiftannuityobligations,lesscurrentportion 382,477 396,469
Accruedpensionliability 7,773,185 5,194,881
Interestrateswap - 44,252
TOTAL NON-CURRENT LIABILITIES 31,114,072 27,706,020
TOTAL LIABILITIES 36,737,311 34,961,712
NET ASSETS
Unrestricted 14,840,042 18,740,676
TemporarilyRestricted 4,217,878 4,836,172
PermanentlyRestricted 6,419,090 6,368,449
TOTAL NET ASSETS 25,477,010 29,945,297
TOTAL LIABILITIES AND NET ASSETS $62,214,321 $64,907,009
Consolidated Statements of Financial
Position
“Caring about others, running the risk of feeling, and leaving an impact on people, brings happiness.”
Rabbi Harold Kushner
Above & Beyond Excellence AwardIn honor of Montefiore’s 25th anniversary at its Beachwood location, 14 employees were recognized at Montefiore’s 134th Annual Meeting on May 25, 2016 for their 25+ years of dedicated service.
Left to right: Jeanette Motley Reggie MorganCarolyn Parker David BoczarMonna Eason Josie Love Sarah HardmanRobin Harris Ann Marie Miller-BarrettPat RayJackie Pryor Seth Vilensky Montefiore President and CEO
Not pictured:Michele LuckySharon McNealLisa Rowe
54
OfficersLawrence A. Mack** Chair
Ira S. Goffman Vice Chair
Barry J. Miller Vice Chair
Margo Vinney Vice Chair
Bruce E. Cweiber Assistant Vice Chair
David B. Orlean Secretary
Ben Sheridan Assistant Secretary
Idelle K. Wolf Treasurer
Alan B. Blumenthal Assistant Treasurer
Steven S. Willensky* Immediate Past Chair, Housing Corporation Representative
DirectorsSeth Vilensky President & CEO
Alvin M. Barkley*
Larry Apple
Irv Berliner
James L. Chessin**
Carol A. Clark
Jeffrey S. Davis Foundation Board Representative
Melissa M. Davis
Audrey F. Frank**✡ ✡
Jill K. Frankel
Donald Freedheim, PhD**
Zeev Friedman
Steven A. Goldfarb
Suri Goldman
Lois K. Goodman*
Harley I. Gross*
Mary Ann Hexter**
Robert T. Hexter**
Evan S. Hirsch
Andrew W. Hoffmann*
Susan R. Hurwitz*
I. Leonard Kaplan**
Robert B. Leb, MD
Andrew R. Lefkowitz
Robert M. Lustig**
Lisa H. Michel
Hal H. Myers*
Elmer I. Paull*✡ ✡
Scott H. Polster
Elaine H. Rocker**✡ ✡
Laura H. Rocker, MD
Dennis A. Roth**
Susan E. Rubin
Alice R. Sayre**
Donald S. Scherzer*
Harvey A. Siegel*
Naomi G. Singer**
Jeffrey E. Soclof
Cathy W. Stamler
Eric D. Wald
Joyce H. Wald
Lawrence R. Weiss**
Sally H. Wertheim, PhD*
Stanley E. Wertheim**
Darrell A. Young*
Terry Young
Daniel N. Zelman
2015-16
Montefiore Board of
Directors
This beautiful pavilion offers a welcoming alternative for individuals with dementia who need supervision and assistance with activities of daily living. Every detail of this warm and inviting residence has been designed to promote a feeling of security and engagement. Take a virtual tour at theweils.org.
The David and Freda Robinson Residence, A Memory Care Assisted Living Community at The Weils
Montefiore Foundation Board of Directors2015-2016 OFFICERS
Jeffrey S. Davis Chair
Harriet L. Fader Vice Chair
Susan R. Hurwitz Vice Chair
Dennis F. Schwartz Vice Chair
Elaine J. Gilbert Secretary
Robert A. Fuerst Assistant Secretary
Barbara Bellin Janovitz Treasurer
Harvey A. Siegel Assistant Treasurer
Andrew W. Hoffmann* Immediate Past Chair
Seth Vilensky President & CEO
Debbie Rothschild Director 2015-2016 DIRECTORS
Brian L. Davis Reuven D. DesslerGerald W. Goldberg*Harley I. Gross*Kenneth G. Hochman*Daniel Z. Jacoby
Alan JaffaLawrence Kadis*Jeffrey L. KorachLawrence A. Mack Montefiore Board Representative
David G. MilletSteven H. NewmanElmer Paull**✡ ✡Elaine Rocker*✡ ✡June E. TaylorMargo VinneyJudy K. WillenskySteven S. WillenskyDarrell A. Young*
Montefiore Executive Team2015-2016
Seth Vilensky President & CEO
Sharon Castro Executive Assistant
Roberta Brofman Vice President, Clinical Services
Michael Felver, M.D. Medical Director
Susan Lieberman Director, Marketing & Public Relations
Evan Lubline Administrator, The Weils and Homecare Services
Debbie Rothschild Director, Foundation
Dan Shamir, M.D. Medical Director
Carol Weiss Vice President, Human Resources & Planning
Mark Weiss Vice President, Administrator & CFO
Montefiore Housing Corporation Board of Directors2015-2016 OFFICERS
Steven S. Willensky Chair
Andrew W. Hoffmann Vice Chair
Ira S. Goffman Treasurer/Secretary
Robert M. Lustig* Immediate Past Chair
Lawrence A. Mack* Montefiore Representative
Seth Vilensky President & CEO
Montefiore and The Weils Leadership Team2015-2016
Neela Chattman Manager, Social Services
Rabbi Joel Chazin Director, Religious Services
Nate Dotson Controller
Patty Duplago Nurse Manager
Monna Eason Nurse Manager
Norma Goodman Manager, Homecare Services
David Granito Director of Nursing, Post-Hospital Services & Programming
Angela Hale Director, Vinney Hospice and Palliative Care
Ari Hyman Assistant Administrator
Stefanie Jarrett Dietitian Manager
Althea Johnson Director, Human Resources
Mary Jane Klarich Nurse Manager, The Weils Assisted Living
Janet Kodrich Director, Centralized Admissions and Hospital & Community Relations
Kristen Morelli Memory Care Program Manager
Lucy Mullins Director, Rehabilitation Services
Jennifer Northup Nurse Manager, The David and Freda Robinson Residence
Marge Roberts-Brown Director, AOD Implementation
Leah Rotenberg Manager, Accounts Receivable
Jack Schoenbeck Director, Facility Operations
Amy Simon Manager, Community Relations & Admissions Services, The Weils
Dave Snacki Director, Dining Services Morrison Community Living
Diane Weiner Manager, Volunteers
* Honorary Director, Past Chair ** Life Director ✡ Of Blessed Memory 76
Montefi ore Partnerships and Affi liations
Alzheimer’s AssociationAssociation of Jewish Aging Services (AJAS)Bryant & Stratton CollegeCase Western Reserve UniversityCuyahoga East Vocational Education Consortium (CEVEC)Cleveland Clinic Cleveland Clinic Connected CareCleveland FoundationCleveland KosherCleveland State UniversityCuyahoga Community CollegeEuclid HospitalHealth Aid of OhioHealth Pro RehabilitationHillcrest HospitalHondros CollegeJewish Federation of ClevelandJohn Carroll UniversityKent State University, Geauga/Twinsburg Nursing Program
LeadingAge LeadingAge Ohio Malone CollegeMorrison Community LivingMt. Sinai Health Care FoundationNational Council of State Nursing BoardsNational Hospice & Palliative Care OrganizationOhio Assisted Living AssociationOhio Council for Home Care and HospiceOhio University Academic OutreachPhilips Lifeline Medical Alert ServiceSouth UniversityUniversity HospitalsUniversity Hospitals Geriatric Resource Nurse ProgramUniversity Hospitals Partners in Lifelong HealthUrsuline CollegeWestern Reserve Area on Aging (WRAA)
Programs and Services
MONTEFIOREPost-Hospital Care216.910.2202
Long-Term Care216.910.2202
Memory Care216.910.2202
Memory CareAssisted Living216.910.2323
Palliative Care Consult Service 216.910.2650
Hospice Services216.910.2650
Maltz Hospice House 216.910.2716
Outpatient Therapy216.910.2701
Wheelchair Clinic216.910.2701
THE WEILSAssisted Living 440.543.4221
Memory CareAssisted Living216.910.2323
Post-Hospital Care 216.910.2202
Outpatient Therapy440.996.0511
COMMUNITY SERVICESHome Healthcare 216.910.2487
Private Care Services216.910.2778
Palliative Care Consult Service216.910.2650
Hospice Services216.910.2650
Home SmartMemory Care216.910.2323216.910.2327
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