2023-10-30T09:23:46-07:00 2022-12-31 990 2022-01-01 161557494 F F T SENIOR COMMUNITIES INC FFTS 5853930410 1 Ferris Hills Canandaigua NY 14424 Mark Prunoske Sr VP Finance/CFO 5853966280 2023-10-30 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Ferris Hills at West Lake Michael F Stapleton Jr 350 Parrish Street Canandaigua NY 14424 9435851 0 X www.ferrishills.com X 1998 NY To provide an enhanced lifestyle of independence and peace of mind in beautiful, scenic and secure surroundings for all residents, offering a variety of activities, personal services and lifelong learning opportunities. Respect, trust and friendship are the foundation of our community. 24 16 108 34 0 0 8990 15058 5887795 6178898 296963 106885 0 0 6193748 6300841 0 0 0 0 2584931 2864963 0 0 0 3071828 3130287 5656759 5995250 536989 305591 19435388 19251076 27475343 27172823 -8039955 -7921747 To provide an enhanced lifestyle of independence and peace of mind in beautiful, scenic and secure surroundings for all residents, offering a variety of activities, personal services and lifelong learning opportunities. Respect, trust and friendship are the foundation of our community. 0 0 4711303 0 6178898 FFT Senior Communities provides program services for residents that include housing, furnishings, health services, respite care and programs to meet their physical, social and psychological needs. Services are provided that contribute to the residents' health, security, physical and mental well-being. 2022 averaged 93.8% occupancy, serving 193 residents. 0 0 0 4711303 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 11 0 1 108 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 16 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X FFT Senior Communities Inc Ricky Stevens 5853930410 1 Ferris Hills Canandaigua NY 14424 X Steven Goldstein Board Member 0.5 71 X 0 3306548 209673 Mark Taubman MD Board Member 0.5 75 X 0 1783432 176973 Michael F Stapleton Jr President/CEO 2 38 X X 0 916820 125322 Michael Apostolakos MD Board Member 0.5 64 X 0 701264 107783 A David Peter MD Board Member 0.5 40 X 0 590018 40588 David Baum MD SVP Medical Affairs & Emergency Physicians 0.5 39.5 X 0 509180 92600 Mark Prunoske Sr VP Finance/CFO 2 38 X 0 438546 80243 Kurt Koczent EVP/COO 0.5 39.5 X 0 429514 76488 Justin Weis MD Board Member & President of Medical Staff 0.5 55 X 0 315641 59269 Elizabeth Talia VP Legal & Regulatory Affairs and General Counsel 2.5 37.5 X 0 285895 45055 Cindy Teerlinck MD Board Member and Physician 0.5 40 X 0 253938 41196 Akua Asante MD Board Member 0.5 40 X 0 190027 5271 Aimee Ward Executive Director 40 0 X 132780 0 32825 Mark Blazey Board Member 0.5 1.5 X 0 0 0 Randall Farnsworth Board Member 0.5 1.5 X 0 0 0 Roger Friedlander Board Member 0.5 1.5 X 0 0 0 Daniel Fuller Board Chair 0.5 1.5 X X 0 0 0 Dale Hunt Board Vice Chair 0.5 2 X X 0 0 0 William R Kenyon Esq Board Member 0.5 1.5 X 0 0 0 David G Case Board Treasurer 0.5 1.5 X X 0 0 0 Lauren M Dixon Board Secretary 1.5 2 X X 0 0 0 Lauren Sands Esq Board Member 0.5 2 X 0 0 0 Paul H Griswold Board Member 0.5 2 X 0 0 0 Maureen Wolfe Board Member 0.5 1.5 X 0 0 0 Lori VanDusen Board Member 0.5 1.5 X 0 0 0 Margaret Somerset Esq Board Member 0.5 1.5 X 0 0 0 Jennifer Jones Board Member 0.5 1.5 X 0 0 0 Gigi Lamb Board Member 0.5 1.5 X 0 0 0 Krista Jackson Board Member 0.5 1.5 X 0 0 0 Frank H Hamlin III Esq Board Member 0.5 1.5 X 0 0 0 Deborah Price Board Member 0.5 1.5 X 0 0 0 132780 9720823 1093286 1 0 1 0 Genesee Construction Service Inc 7653 NY-63 Dansville NY 14437 Siding/windows 435020 Upstate Roofing Inc 1300 Brighton Henrietta Townline Rd Rochester NY 14623 Roof replacement 175755 Messner Carpet 1344 University Avenue Rochester NY 14607 Flooring 103350 Quality Kitchens 651 Chatelaine Dr Webster NY 14580 Kitchen/bath remodeling 121407 4 0 0 0 15058 0 0 0 15058 Monthly service fees & other revenue 623990 6178898 6178898 0 0 0 0 0 0 6178898 103939 0 0 103939 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3137956 0 3131826 3184 6130 -3184 2946 0 0 2946 0 0 6300841 6178898 0 106885 X 2299767 1958115 341652 0 91562 77645 13917 0 290511 246356 44155 0 183123 155290 27833 0 0 7017 0 7017 0 25308 0 25308 0 7250 0 7250 0 174146 113919 60227 0 223 223 0 0 715084 598812 116272 0 14191 0 14191 0 791402 600728 190674 0 555 0 555 0 215 0 215 0 127147 0 127147 0 929422 898752 30670 0 43073 15044 28029 0 Repairs & Maintenance 30920 30920 0 0 System Dues 245127 8825 236302 0 Miscellaneous 19207 6674 12533 0 5995250 4711303 1283947 0 916695 708407 915555 1135910 0 0 5119 3882 0 0 0 0 0 0 26042 26830 115910 142786 30073433 18130763 11932202 11942670 5440276 4719970 0 0 0 0 0 0 83589 570621 19435388 19251076 590505 449347 0 0 0 0 10530581 10092755 0 0 0 0 0 0 0 0 16354257 16630721 27475343 27172823 X -8099301 -8005786 59346 84039 -8039955 -7921747 19435388 19251076 X 305591 -811214 0 0 0 623831 X 0 1 X 1 0 X 77269 24872 5611 8990 15058 131800 5748778 5886668 5949675 5887795 6178898 29651814 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5826047 5911540 5955286 5896785 6193956 29783614 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29783614 103961 108320 87925 164830 103939 568975 0 0 0 0 0 0 103961 108320 87925 164830 103939 568975 0 0 0 0 0 0 0 0 0 0 0 0 5930008 6019860 6043211 6061615 6297895 30352589 0.98125 0.98217 0.01875 0.01783 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13547495 0 -1321769 0 494497 0 11731229 11445637 0 2564889 0 463031 0 13547495 10174748 402401 1387742 0 519254 0 11445637 8875689 460767 1269141 0 430849 0 10174748 9096199 0 104438 0 324948 0 8875689 0.92 0.08 0 0 1 1 0 567907 567907 0 18744053 9485722 9258331 0 0 0 0 0 8206460 6587666 1618794 0 2555013 2057375 497638 11942670 0 Due to Affiliates 277313 Accrued Pension Liability 105005 Cabin Security Deposit 1100 Resident Refundable Deposits 16247572 Resident Refunds Due -269 16630721 5492811 -811214 0 0 0 -811214 6304025 0 -3184 -3184 6300841 5980800 0 0 0 -14450 -14450 5995250 0 0 0 5995250 Schedule D, Part V, Line 4 The funds are held by the Foundation for the benefit of FF Thompson Health System, Hospital, Senior Communities and Continuing Care Center. The Foundation continuously evaluates the needs of these organizations and attempts to meet those needs. Schedule D, Part XI, Line 4b Loss on disposal of assets ($3,184) Schedule D, Part XII, Line 2d Net periodic pension benefit $14,450. 0 1 0 0 0 0 0 1 0 Steven Goldstein Board Member 0 1509252 0 0 0 1797296 0 188712 0 20961 0 3516221 0 1749057 A David Peter MD Board Member 0 589850 0 0 0 169 0 9149 0 31438 0 630606 0 0 Michael F Stapleton Jr President/CEO 0 530313 0 236789 0 149718 0 94181 0 31141 0 1042142 0 91432 Mark Taubman MD Board Member 0 1744544 0 0 0 38888 0 156577 0 20396 0 1960405 0 0 Cindy Teerlinck MD Board Member and Physician 0 197487 0 56141 0 310 0 13079 0 28117 0 295134 0 0 Mark Prunoske Sr VP Finance/CFO 0 317212 0 69455 0 51880 0 52884 0 27358 0 518789 0 36846 Elizabeth Talia VP Legal & Regulatory Affairs and General Counsel 0 240995 0 30037 0 14863 0 14573 0 30483 0 330951 0 0 Michael Apostolakos MD Board Member 0 678734 0 0 0 22530 0 79312 0 28471 0 809047 0 0 Kurt Koczent EVP/COO 0 282309 0 86452 0 60753 0 44068 0 32420 0 506002 0 32434 David Baum MD SVP Medical Affairs & Emergency Physicians 0 381621 0 77415 0 50145 0 60057 0 32543 0 601781 0 24559 Aimee Ward Executive Director 103605 0 19725 0 9450 0 9675 0 23150 0 165605 0 0 0 Justin Weis MD Board Member & President of Medical Staff 0 301029 0 14612 0 0 0 28059 0 31210 0 374910 0 0 Akua Asante MD Board Member 0 183572 0 1337 0 5117 0 3649 0 1623 0 195298 0 0 Schedule J, Part I, Line 3 As provided in the Form 990, Schedule J instructions, since the organization relies on a related organization which uses one or more of the methods described in Line 3 to establish the top management officials' compensation this question has been left unanswered. Refer to Schedule O, description of compensation review and approval process. Schedule J, Part I, Line 4 The following individuals participated in a supplemental nonqualified retirement plan and received employer paid amounts that are included in deferred compensation. 457(f) plan payments were Michael Stapleton - $78,930, Kurt Koczent - $28,817, Mark Prunoske - $31,534 and David Baum - $38,707. SERP plan payments were Steven Goldstein - $159,400, Mark Taubman, MD - $127,265 and Michael Apostolakos, MD - $50,000. The following individual participated in a supplemental nonqualified retirement plan and received employer paid amounts that are included in other reportable compensation. 457(f) plan payment was Steven Goldstein - $1,701,399. These amounts represent employee deferrals of compensation, plus investment earnings, over several years that vested and were paid pursuant to the requirements of the plan. The employee deferrals were reported as deferred compensation in Schedule J, Part II, Column C in prior years and are also reflected in Schedule J, Part II, Column F. This payment was made by a related organization. Schedule J, Part I, Line 7 The President/CEO, Executive VP/COO and Senior VP of Finance/CFO are eligible for a variable percent YE incentive based on predetermined goals. The goals are operational, financial and managerial in nature. The financial goal is tied to the net earnings of the organization and its affiliates. A Dormitory Authority of the State of New York 146000293 649906W75 2012-09-12 14680000 Retirement of 2000 series debt 0 0 0 A 4135000 0 14680000 0 0 0 0 0 0 0 0 0 2001 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 A 0 0 0 0 1 1 HSBC 6 0 0 0 0 0 Form 990, Part V, Line 2a Employees and certain officers, directors, and key employees of FFT Senior Communities Inc. receive compensation from The Frederick Ferris Thompson Hospital, a related IRC Section 501(c)(3) organization, through a common paymaster for its affiliates. Because employees are included in the common paymaster, a portion of the salaries of these individuals is allocated to the Community and is included as part of other salary and wages on the statement of functional expenses. Certain officers and key employees of the Community also devote significant time each week to other related organizations. None of the board members of the Community are compensated for their board services. Form 990, Part VI, Section A, Line 2 Given that many of our Board Members include professionals in industries such as banking, law, and financial advisement, it is our understanding that some board members engage with each other in professional business activities. Given the comprehensive conflict of interest forms the board members complete, we do not believe any such relationship impacts their decision making as to Thompson activities and to the extent there is a potential conflict of interest is disclosed by a Board member, the Board member is instructed to follow our conflict of interest policy as described in Part VI, Section B, Line 12c. Form 990, Part VI, Section A, Line 6 The sole member of The Frederick Ferris Thompson Hospital is FF Thompson Health System Inc. (System). The System, the University of Rochester Medical Center and the University of Rochester (UR) are parties in an affiliation agreement whereby UR is the sole corporate member of the System. The System acting through its board of directors, has the authority to elect the governing body of Thompson Hospital and approve certain decisions. Such decisions include appointment of the Hospital President and CEO, amendment of the certificate of incorporations and bylaws, approval of extraordinary corporate actions such as merger or dissolution, approval of capital and operating budgets, strategic plans, and incurrence of certain debt. Additionally, certain decisions of the Hospital are subject to the approval of UR. Such decisions include appointment and removal of board members, approve appointment and removal of the President and CEO, approve changes to the Hospital bylaws and certificate of incorporation and, under certain circumstances, approve strategic plans, capital and operating budgets and incurrence of debt. Form 990, Part VI, Section A, Line 7a Refer to Schedule O, Membership information, Form 990, Part VI, Section A, Line 6. Form 990, Part VI, Section A, Line 7b Refer to Schedule O, Membership information, Form 990, Part VI, Section A, Line 6. Form 990, Part VI, Section B, Line 11b The Director of Finance and Reimbursement and the CFO review the return. In addition, the return is reviewed by an independent accounting firm. The return is then made available to the Board of Directors and a summary presentation is made at the board meeting. Questions are entertained during both meetings as well as after the meeting prior to filing. Form 990, Part VI, Section B, Line 12c Consistent with the written system-wide conflict of interest (COI) policy, Board members, officers and key employees complete annual conflict of interest forms to identify actual and potential conflicts of interest that may exist relative to their duties with the organization. The Audit Committee and General Counsel monitor completion of these forms and review the statements made therein for compliance with the COI policy. An individual management plan is developed that stipulates how each potential or actual COI will be addressed in order to mitigate each conflict identified. Each individual management plan is reviewed, modified as necessary and approved by the Audit Committee and General Counsel. The approved plan is then delivered to each person with an identified potential or actual COI. To help ensure compliance with the COI policy, each individual management plan stipulates that the person with a potential or actual COI will not be allowed to participate in any discussion or decision of the Board in any area of identified conflict. Furthermore, unless a specific question is asked by the Board, the person with the COI will be asked to leave the room during a discussion and/or decision by the Board that involves an area covered by the COI individual management plan. The Audit Committee and General Counsel review these procedures annually to assess their effectiveness and recommend (or make) appropriate changes as needed to ensure the COI policy is consistently and effectively enforced. Form 990, Part VI, Section B, Line 15 Executive compensation is established by the Compensation Committee of the Board of Directors. The committee uses an outside company to gather comparable data in determining compensation levels for the President/CEO and senior level executives. The full Board of Directors is surveyed by the Compensation Committee on executive performance which is also considered in determining compensation levels. The committee is involved in setting goals for the executive team which ties back to their performance reviews and compensation rates. This process is completed each year. Form 990, Part VI, Section C, Line 19 These documents are available upon request by contacting the Administrative Office. Form 990, Part VII, Section A, Line 1a Refer to Schedule O, Employment information, Form 990, Part V, Line 2a. Form 990, Part IX, Line 7 Refer to Schedule O, Employment information, Form 990, Part V, Line 2a. Form 990, Part XI, Line 9 Net periodic pension cost $14,450. Gain on interest rate swap contract $578,936. Changes in funded status of pension plan $5,752. Change in beneficial interest of FF Thompson Foundation, Inc. $24,693. Total to Form 990, Part XI, Line 9 $623,831. The Frederick Ferris Thompson Hospital 350 Parrish Street Canandaigua NY 14424 160743024 Hospital NY 501(c)(3) 3 FF Thompson Health System 0 MM Ewing Continuing Care Center 350 Parrish Street Canandaigua NY 14424 237046583 Healthcare NY 501(c)(3) 3 FF Thompson Health System 0 The FF Thompson Foundation Inc 350 Parrish Street Canandaigua NY 14424 222959984 Fundraising NY 501(c)(3) 7 FF Thompson Health System Inc 0 FF Thompson Health System Inc 350 Parrish Street Canandaigua NY 14424 222959987 Support organization NY 501(c)(3) 12A, 1 University of Rochester 0 University of Rochester 910 Genesee Street Suite 200 Rochester NY 14611 160743209 School NY 501(c)(3) 2 N/A 0 Highland Hospital of Rochester 1000 South Avenue Rochester NY 14620 160743037 Hospital NY 501(c)(3) 3 Strong Partners Health System 0 The Highland Foundation Inc 1000 South Avenue Rochester NY 14620 237310662 Fundraising NY 501(c)(3) 12A, 1 Highland Hospital 0 Highland Facilities Development Corp 1000 South Avenue Rochester NY 14620 223039077 Medical Building NY 501(c)(3) 10 Highland Hospital 0 Highland Community Development Corp 100 Hahnemann Trail Pittsford NY 14534 223154715 Elder Care NY 501(c)(3) 10 Strong Partners Health System 0 The Highlands Living Center Inc 500 Hahnemann Trail Pittsford NY 14534 223240227 Healthcare NY 501(c)(3) 10 Strong Partners Health System 0 The Meadows at Westfall Inc 5901 Lac De Ville Blvd Rochester NY 14618 161502303 Healthcare NY 501(c)(3) 10 Strong Partners Health System 0 Strong Partners Health System Inc 601 Elmwood Avenue Box 706 Rochester NY 14642 161499099 Support organization NY 501(c)(3) 12a, 1 University of Rochester 0 UR Medicine Home Care Inc 2180 Empire Blvd Webster NY 14580 222577664 Fundraising NY 501(c)(3) 7 University of Rochester 0 UR Medicine Home Care Certified Services Inc 2180 Empire Blvd Webster NY 14580 160743215 Healthcare NY 501(c)(3) 10 URMHC 0 UR Medicine Home Care Licensed Services Inc 2180 Empire Blvd Webster NY 14580 161561691 Healthcare NY 501(c)(3) 10 URMHC 0 Excell Partners Inc 343 State Street Kodak Tower 2nd Floor Rochester NY 14650 201862628 Economic Development NY 501(c)(4) N/A University of Rochester 0 Nextcorps Inc 260 East Main Street Suite 6000 Rochester NY 14604 161195028 Business Incubator NY 501(c)(3) 7 University of Rochester 0 U of R Broadcasting Corporation 201 Wilson Commons Rochester NY 14627 160743209 Broadcast Lic NY 501(c)(4) N/A University of Rochester 0 UR Real Estate Corporation 263 Wallis Hall Rochester NY 14627 271140014 Support organization NY 501(c)(3) 12A, 1 University of Rochester 0 Meliora Real Estate Corporation 263 Wallis Hall Rochester NY 14627 452464788 Support Organization NY 501(c)(3) 12A, 1 University of Rochester 0 Finger Lakes Home Care Inc 756 Pre-Emption Rd Geneva NY 14456 161489133 Healthcare NY 501(c)(3) 10 URM Home Care 0 Jones Memorial Hospital Foundation 191 North Main Street Wellsville NY 14895 473763374 Support organization NY 501(c)(3) 7 Jones Hospital 0 The Memorial Hospital of William F and Gertrude F Jones Inc 191 North Main Street Wellsville NY 14895 222807681 Hospital NY 501(c)(3) 3 University of Rochester 0 Livingston Health Care System Inc 111 Clara Barton Street Dansville NY 14427 161455240 Support organization NY 501(c)(3) 12A, 1 University of Rochester 0 Nicholas H Noyes Memorial Hospital Inc 111 Clara Barton Street Dansville NY 14427 160743979 Hospital NY 501(c)(3) 3 Livingston Health Care System Inc 0 Red Jacket Center Inc 111 Clara Barton Street Dansville NY 14427 161037658 Medical building NY 501(c)(3) 12A, 1 Livingston Health Care System Inc 0 The Foundation for Noyes Memorial Health System Inc 111 Clara Barton Street Dansville NY 14427 161584778 Fundraising NY 501(c)(3) 7 Livingston Health Care System Inc 0 Jones Medical Services PC 191 North Main Street Wellsville NY 14895 465210222 Medical clinic NY 501(c)(3) 3 Jones Hospital 0 St James Hospital 7329 Seneca Road North Hornell NY 14843 160743310 Hospital NY 501(c)(3) 3 University of Rochester 0 St James Hospital Foundation Inc 7329 Seneca Road North Hornell NY 14843 161486437 Fundraising NY 501(c)(3) 7 St James Hospital 0 UR Medicine Home Care Community Services Inc 2180 Empire Boulevard Webster NY 14580 825091873 Healthcare NY 501(c)(3) 10 URMHC 0 UR Medicine Home Care Foundation Inc 2180 Empire Boulevard Webster NY 14580 831912967 Support organization NY 501(c)(3) 12A,1 URMHC 0 Excell Innovate NY Fund LP 343 State Street Kodak Tower 2nd Floor Rochester NY 14650 462405519 Investment Fund NY ETV Inc Excell Minority and Women Owned Business Investment 343 State Street Kodak Tower 2nd Floor Rochester NY 14650 810723223 Investment Fund NY ETV Inc Excell Partners Innovation TC Fund LP 343 State Street Kodak Tower 2nd Floor Rochester NY 14650 810711015 Investment Fund NY ETV Inc Finger Lakes Venture Fund LP 344 State Street Kodak Tower 2nd Floor Rochester NY 14651 833941257 Investment Fund NY ETV Inc FFTH Properties and Services Inc 350 Parrish Street Canandaigua NY 14424 161286518 Holding company NY FF Thompson Health System Inc C 1 0 Medical Administrative Associates Inc 777 South Clinton Avenue Rochester NY 14620 161354319 Retail Pharmacy NY Highland Hospital C 0 UR Equity Holdings Inc 110 Office Park Way Pittsford NY 14534 273040889 Holding Company DE University of Rochester C 0 Excell Technology Ventures Inc 343 State Street Kodak Tower 2nd Floor Rochester NY 14650 800909149 Biotech Incubator NY Rochester Bioventure Center C 0 Accountable Health Partners LLC 135 Corporate Woods Suite 320 Rochester NY 14623 300787967 Acct Care Network NY University of Rochester C 0 Accountable Health Partners IPA LLC 135 Corporate Woods Suite 320 Rochester NY 14623 371746016 Independent practice association NY AHP LLC C 0 AHP Insurance Company 76 St Paul Street Suite 500 Burlington VT 05401 814644839 Captive insurance company VT AHP LLC C 0 Luminate Venture Challenge Corp 260 East Main Street Suite 6000 Rochester NY 14604 823954131 Business incubator NY Nextcorps Inc C 0 Hornell Medical Village LLC 7100 Route 70A Hornell NY 14843 611886763 Hold real estate NY St James Hospital C Rochester Bioventure Center Inc 601 Elmwood Avenue Box 706 Rochester NY 14642 202485999 Biotech Incubator NY University of Rochester C 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0