2023-11-13T21:34:06-06:00 2022-12-31 ERNST & YOUNG US LLP 1 MANHATTAN WEST NEW YORK NY 10001 990 2022-01-01 133246249 HSS Properties Corporation % MARC GOULD HSSP 2126061000 535 EAST 70TH STREET NEW YORK NY 10021 MARC GOULD SVP & CAO 2126061000 2023-11-13 MARC GOULD 999009999 YUCEN ZHONG P01593150 2127736170 2023-11-12 2 2022 2023-04-26 12:10:37Z LOUIS SHAPIRO 535 EAST 70TH STREET NEW YORK NY 10021 86673496 false X N/A X 1984 NY ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY. 41 38 6 47 0 0 120000 101733 72371120 65983927 442039 2319122 25030 18110 72958189 68422892 0 0 0 0 1246438 1051068 0 0 0 66075005 62820539 67321443 63871607 5636746 4551285 595585404 559032760 489772312 463126534 105813092 95906226 ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY. false false 63140970 0 66002037 ACQUIRE, HOLD AND OPERATE CERTAIN REAL ESTATE TO BE USED BY ITS TAX-EXEMPT AFFILIATED ENTITY, THE HOSPITAL FOR SPECIAL SURGERY. HSS PROPERTIES CORPORATION MAY PROVIDE FUNDS FROM ITS OPERATIONS TO THE HOSPITAL FOR SPECIAL SURGERY AND OTHER CHARITABLE HEALTH RELATED ORGANIZATIONS. 63140970 true true false false false false false false false false true false false true true false true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 6 true false false false false false false false false false false false false X 41 38 false false true false true true false true true false false true true true true true true true true true true NY X MARC GOULD 2126061323 535 EAST 70TH STREET New York NY 10021 X Louis A Shapiro President & CEO 3.0 57.0 X X 208233 3956428 89608 Stacey L Malakoff Executive VP & CFO 7.2 52.8 X 295599 2167730 76529 Duretti Fufa - Left BOT 2022 Member/Assoc Attending Physici 0.2 49.8 X 0 1107985 51020 Irene Koch Exec VP & Chief Legal Officer 6.0 54.0 X 105944 953494 62905 Lisa A Goldstein Former Executive VP & COO 0.0 0.0 X 0 571474 0 Andy Miller Member/Assoc Attending Physici 0.2 49.8 X 0 523784 32169 Andrew A Sama-Join BOT 2022 Member/Assoc Attending Physici 0.2 14.85 X 0 116283 62229 Silvano Veras Mover 0.0 40.0 X 0 145995 15779 James M Benson Member-Left BOT 2022 0.05 0.95 X 0 0 0 Daniel C Benton Member 0.09 1.66 X 0 0 0 Herbert Black Member 0.05 0.95 X 0 0 0 Michael C Brooks Member 0.1 1.94 X 0 0 0 Kathryn Chenault Member 0.08 1.61 X 0 0 0 Charles Coleman III Member 0.08 1.54 X 0 0 0 Leslie Cornfeld Member 0.09 1.65 X 0 0 0 Cynthia Foster Curry Member 0.08 1.55 X 0 0 0 Barrie M Damson Member-Left BOT 2022 0.07 1.31 X 0 0 0 Anthony de Nicola Member 0.11 2.15 X 0 0 0 James G Dinan Member 0.1 1.8 X 0 0 0 Anne Ehrenkranz Member 0.09 1.73 X 0 0 0 Michael Esposito Vice Chair 0.2 3.89 X X 0 0 0 Marina Kellen French Member 0.08 1.55 X 0 0 0 Giammaria Giuliani Member 0.06 1.09 X 0 0 0 Robert Goldstein Member 0.1 1.89 X 0 0 0 Russell Hutchinson Member 0.07 1.28 X 0 0 0 Craig Ivey Vice Chair-Left BOT 2022 0.19 3.69 X X 0 0 0 Warren B Kanders Member 0.07 1.32 X 0 0 0 Scott Kapnick Member 0.08 1.47 X 0 0 0 Monica Keany Member 0.2 3.84 X 0 0 0 Thomas J Kelly Member 0.07 1.36 X 0 0 0 Sacha Lainovic Member 0.1 1.86 X 0 0 0 Laurie Hodges Lapeyre Member 0.22 4.12 X 0 0 0 Pablo Legorreta Member 0.05 0.98 X 0 0 0 Lara R Lerner Member 0.12 2.26 X 0 0 0 Kathy Leventhal Member 0.09 1.64 X 0 0 0 Thomas H Lister Co-Chair 1.0 19.01 X X 0 0 0 Alan S MacDonald Member 0.08 1.53 X 0 0 0 Celene Menschel Member 0.07 1.36 X 0 0 0 Mary Kathryn Navab Member 0.07 1.23 X 0 0 0 Terence M O'Toole Member 0.14 2.69 X 0 0 0 Gordon Pattee Member-Left BOT 2022 0.07 1.31 X 0 0 0 Matthew H Peltz Member 0.08 1.25 X 0 0 0 Steven Rattner Member 0.07 1.39 X 0 0 0 Scott Rechler Member 0.09 1.7 X 0 0 0 Jonathan Sobel Member 0.06 1.23 X 0 0 0 Deirdre Stanley Member 0.07 1.29 X 0 0 0 Robert K Steel Co-Chair 0.98 18.63 X X 0 0 0 Jonathan Tisch Member 0.08 1.46 X 0 0 0 Frances Townsend Member 0.06 1.15 X 0 0 0 Sanford I Weill Member-Left BOT 2022 0.05 0.95 X 0 0 0 Kendrick R Wilson III Chair Emeritus-Left BOT 2022 0.12 2.29 X X 0 0 0 Ellen M Wright Member 0.08 1.57 X 0 0 0 609776 9543173 390239 3 true true false ROLST CONSTRUCTION CO 75-22 METROPOLITAN AVENUE MIDDLE VILLAGE NY 11379 CONSTRUCTION 1253163 NIKO K CONSTRUCTION CO 45-67 196TH PL FLUSHING NY 11358 CONSTRUCTION 520000 UGL CORPORATION 824 JAMAICA AVENUE BROOKLYN NY 11208 CONSTRUCTION 425508 RIEHM PLUMBING CO 1135 CLOSE AVENUE BRONX NY 10472 REPAIR SERVICES 356197 ISTATS MAINTENANCE CO 11 EDWARDS LANE GLEN COVE NY 11542 CONSTRUCTION 338625 10 97604 4129 0 101733 OFFICE/STAFF APT RENTAL 531110 61656758 61656758 OFFICE/STAFF APT PARKING 812930 3810135 3810135 HOTEL RENTAL 531110 517034 517034 65983927 2526374 2526374 0 0 0 0 0 18043352 18250604 -207252 -207252 -207252 0 0 0 0 0 0 0 0 0 LAUNDRY INCOME 812300 18110 18110 18110 68422892 66002037 2319122 0 0 0 0 629729 629729 0 281909 281909 0 71578 71578 67852 21452 46400 0 0 52295 52295 0 0 0 2033982 2033982 0 53163 53163 0 0 51487288 51487288 0 0 0 0 607934 607934 0 3114524 3114524 0 INTERCOMP PURCHASED SERVICES 3071925 3071925 LICENSES AND TAXES 1250638 1249018 1620 REPAIR AND MAINTENANCE 952353 952353 RENT EXPENSES 153124 153124 43313 42720 593 63871607 63140970 730637 0 5959388 4128649 0 0 0 0 1386197 2074117 0 0 0 0 0 0 0 0 5539068 5482508 103611863 66539200 37443228 37072663 66804370 63200596 28161334 23286378 0 0 0 0 450291819 423787849 595585404 559032760 4804889 3317292 0 0 0 0 0 0 0 0 0 0 235294 0 0 0 484732129 459809242 489772312 463126534 X 105813092 95906226 0 0 105813092 95906226 595585404 559032760 X 4551285 -14802448 344297 X false true X true false X X 1 HOSPITAL FOR SPECIAL SURGERY 131624135 3 true 0 0 1 0 0 true false false false false false false false false false false false false false false true Part I, Line 11g (A), column v, vi HSS Properties Corporation (Properties), a controlled subsidiary of The Hospital for Special Surgery Fund, Inc, is a not-for-profit corporation organized under the Not-for-Profit Corporation Law of the State of New York for the purpose of managing and operating real estate for the New York Society for the Relief of the Ruptured and Crippled, Maintaining the Hospital for Special Surgery (the Hospital). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8286380 8286380 92007338 63955779 28051559 2985617 2583421 402196 332528 332528 37072663 TENANTS SECURITY DEPOSIT 66436 TENANT IMPROVEMENT RECEIVABLE 5962656 LEASEHOLD INCENTIVE RECEIVABLE 14711215 INVESTMENT IN JOINT VENTURE 4284261 DEFERRED RENT RECEIVABLE 28764822 OPERATING LEASE ASSETS 369998459 423787849 0 TENANTS SECURITY DEPOSIT 66436 DUE TO AFFILIATES - NET 15936352 TENANT IMPROVEMENT PAYABLE 5882316 OPERATING LEASE LIABILITIES 437924138 459809242 53620444 -14802448 -14802448 68422892 68422892 63871607 63871607 63871607 X X X X true false false false true false true false false Louis A Shapiro President & CEO 98509 1871675 106982 2032652 2742 52101 1373 26078 3107 59050 212713 4041556 0 0 Lisa A Goldstein Former Executive VP & COO 0 0 0 0 0 571474 0 0 0 0 0 571474 0 0 Stacey L Malakoff Executive VP & CFO 170815 1252645 111653 818790 13131 96295 3294 24156 5889 43190 304782 2235076 0 0 Irene Koch Exec VP & Chief Legal Officer 69886 628977 32682 294139 3376 30378 2288 20588 4002 36027 112234 1010109 0 0 Silvano Veras Mover 0 145986 0 0 0 9 0 0 0 15779 0 161774 0 0 Duretti Fufa - Left BOT 2022 Member/Assoc Attending Physici 0 541901 0 0 0 566084 0 27450 0 23570 0 1159005 0 0 Andy Miller Member/Assoc Attending Physici 0 455196 0 0 0 68588 0 27450 0 4719 0 555953 0 0 Andrew A Sama-Join BOT 2022 Member/Assoc Attending Physici 0 116156 0 0 0 127 0 12583 0 49646 0 178512 0 0 Schedule J, Part I, Line 4A Lisa Goldstein, former Executive Vice President & Chief Operating Officer, received severance pay of $571,474, which is included in Schedule J, Part II, Column (B)(III). Severance payments began January 2021 and ended June 2022. SCHEDULE J, PART I, LINE 5B Certain Employed Physicians listed on Part VII, Section A, Line 1A receive compensation in part, based on professional service generated from services they personally performed in their individual practices. In 2022, no Physician was paid compensation contingent upon the organization's overall revenue or net earnings. SCHEDULE J, PART I, LINE 6B Performance based incentive awards are paid to officers and key employees based on a number of important quality, satisfaction, efficiency, and financial measures, of which achieving budget is a factor. FORM 990, PART VI - LINE 4 "Significant changes to governing documents" The organization amended its bylaws in 2022 to allow for the co-chair of the HSS Board of Advisors to also have an Ex Officio (Non-voting) position on the Board of Trustees. Until that time, the language allowed for only the Chair. The amendment is consistent with the organizational and operational tests of Section 501(c)(3), as well as the furtherance of the organization's charitable mission. FORM 990, PART VI, SECTION A - LINE 6 & 7A - "MEMBERSHIP" HSS PROPERTIES CORPORATION IS A MEMBERSHIP CORPORATION WITH THE HOSPITAL FOR SPECIAL SURGERY FUND, INC, AS ITS SOLE MEMBER. THE HOSPITAL FOR SPECIAL SURGERY FUND, INC., AS THE MEMBER OF HSS PROPERTIES CORPORATION, ELECTS THE BOARD OF TRUSTEES OF HSS PROPERTIES CORPORATION. FORM 990, PART VI, SECTION B - LINE 11B, "REVIEW PROCESS" The Form 990 is prepared by the management and reviewed by an outside independent accounting firm. PRIOR TO SUBMITTING THE FORM 990 TO THE INTERNAL REVENUE SERVICE (IRS), THERE IS AN ESTABLISHED PROCESS FOR REVIEW OF THE DOCUMENT IN ITS ENTIRETY BY THE GOVERNING BODY WHOSE EVALUATIONS ARE MADE IN THE BEST INTEREST OF HSS PROPERTIES CORPORATION. THE FORM 990 IS FIRST REVIEWED WITH THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEWED FORM 990 IS THEN SUBMITTED TO THE FULL BOARD OF TRUSTEES. THE TRUSTEES ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO SUBMISSION OF THE FORM. IN ADDITION, SIGNIFICANT AREAS OF FORM 990 ARE DISCUSSED AT A BOARD OF TRUSTEES MEETING. FORM 990, PART VI, SECTION B - LINE 12C, "CONFLICT OF INTEREST POLICY" ON AN ANNUAL BASIS, INTEREST DISCLOSURE STATEMENTS ARE SENT TO ALL BOARD MEMBERS, OFFICERS, MEDICAL STAFF, MANAGEMENT, FELLOWS, RESIDENTS, RESEARCH PROFESSIONAL STAFF, IRB MEMBERS, AND OTHER DESIGNATED GROUPS. OUR CONFLICT OF INTEREST AND COMMITMENT POLICY ALSO REQUIRES THAT ANY COVERED PERSON, INCLUDING MEMBERS OF THE HSS MEDICAL STAFF MUST PROVIDE PRIOR NOTICE TO COMPLIANCE BEFORE BEGINNING ANY ACTIVITY OR SIGNIFICANTLY MODIFYING THE TERMS OF ANY EXISTING OUTSIDE PROFESSIONAL ACTIVITY, WHERE THE COVERED PERSON HAS A FINANCIAL INTEREST VALUED IN EXCESS OF $5,000 OR EQUITY INTERESTS OF INDETERMINATE VALUE. DISCLOSURES MAY BE MADE THROUGH HSS' ONLINE REPORTING PLATFORM, MYDISCLOSURES OR DIRECTLY TO COMPLIANCE. THE REPORTED INTERESTS ARE REVIEWED BY THE EXECUTIVE VICE PRESIDENT FOR LEGAL AFFAIRS, THE CHIEF EXECUTIVE OFFICER, AND THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. SUMMARY INFORMATION IS PROVIDED TO SERVICE CHIEFS, AS REQUESTED, SO THAT THEY ARE AWARE OF THE FINANCIAL INTERESTS OF THE MEDICAL STAFF WITHIN THEIR SPECIALTY. IN ADDITION TO SENDING DISCLOSURE STATEMENTS DIRECTLY TO THE GROUP NOTED ABOVE, INDUSTRY WEBSITES ARE MONITORED FOR DISCLOSURES RELATED TO EMPLOYEES OF HSS properties. THIS INFORMATION IS ENTERED INTO THE DATABASE, AS WELL. HSS properties HAS A CONFLICT OF INTEREST COMMITTEE THAT MEETS AT LEAST THREE TIMES A YEAR, OR AS NECESSARY AND IS CHARGED WITH ADJUDICATING COMPLEX CONFLICTS OF INTEREST AND COMMITMENT, DEVELOPING AND ADOPTING REASONABLE AND APPROPRIATE CONFLICT MANAGEMENT PLANS AND SERVING AS A POLICY ADVISORY TO THE HSS BOARD OF TRUSTEES AND HSS EXECUTIVE LEADERSHIP. FORM 990, PART VI, SECT B - LINE 15A & 15B, "PROCESS FOR DETERMINING COMP" HSS PROPERTIES CORPORATION IS COMMITTED TO ENSURING THAT ITS EXECUTIVE COMPENSATION PROGRAM ADHERES TO THE HIGHEST STANDARDS OF REGULATORY COMPLIANCE AND BEST CORPORATE GOVERNANCE. THE HSS PROPERTIES CORPORATION BOARD HAS CHARGED THE COMPENSATION COMMITTEE (WHICH IS COMPOSED OF INDEPENDENT BOARD MEMBERS WITH NO CONFLICTS OF INTEREST IN REGARD TO EXECUTIVE COMPENSATION) WITH MAKING ALL DECISIONS RELATED TO COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT IN THIS PROCESS. COMPENSATION LEVELS ARE ESTABLISHED CONSIDERING DATA FOR FUNCTIONALLY COMPARABLE ROLES IN COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF PERFORMANCE, AND OTHER BUSINESS JUDGMENT FACTORS, CONSISTENT WITH HSS PROPERTIES CORPORATION'S EXECUTIVE COMPENSATION PHILOSOPHY. THE COMMITTEE'S DECISIONS ARE MADE IN THE BEST INTERESTS OF HSS PROPERTIES CORPORATION, AND ARE INTENDED TO ENSURE THE RECRUITMENT AND RETENTION OF KEY EXECUTIVE TALENT, CONSISTENT WITH THE MARKET PRACTICES OF OTHER NOT-FOR-PROFIT HEALTH CARE ORGANIZATIONS OF COMPARABLE MISSION AND COMPLEXITY, CONSIDERING BOTH LOCAL AND NATIONAL MARKET CHALLENGES IN SUCH REGARD. ON AN ANNUAL BASIS (INCLUDING 2022), THE COMMITTEE PROVIDES THE FULL BOARD WITH AN OVERVIEW OF ITS DETERMINATIONS AND PROCESS. HSS PROPERTIES CORPORATION ESTABLISHED THIS PROCESS IN AN EFFORT TO COMPLY WITH THE INTERMEDIATE SANCTIONS GUIDELINES FOR QUALIFYING FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS, AS WELL AS BEST CORPORATE GOVERNANCE PRACTICES IN ENSURING THE TRANSPARENCY OF THE EXECUTIVE COMPENSATION DECISION-MAKING PROCESS WITH THE BOARD. FORM 990, PART VI, SECTION B - LINE 19, "DISCLOSURE GOVERNING DOCUMENTS" HSS PROPERTIES CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST FROM THE OFFICE OF LEGAL AFFAIRS. FORM 990, PART XI, LINE 9, "OTHER CHANGES IN NET ASSETS OR FUND BALANCES" NONOPERATING GAIN FROM INVESTMENT IN 300 PBL, LLC OF $344,297. NY SOC REL RUPT CRIPLD MAINTAING HSS 535 EAST 70TH STREET NEW YORK NY 10021 131624135 HEALTH CARE NY 501 (C)(3) 3 NA false HOSPITAL FOR SPECIAL SURGERY FUND inc 535 EAST 70TH STREET NEW YORK NY 10021 136714749 FUNDRAISING NY 501 (C)(3) 7 NA false HSS HORIZONS INC 535 EAST 70TH STREET NEW YORK NY 10021 134152131 RESEARCH SUPP NY 501 (C)(3) 12 TYPE I HSS FUND INC true TJA ORTHOPEDIC SURGERY PC 535 EAST 70TH STREET NEW YORK NY 10021 815178969 HEALTH CARE NY 501 (C)(3) 10 HSS false HSS ASC OF MANHATTAN LLC 1233 2ND AVE NEW YORK NY 10065 471353602 HEALTH CARE NY NA N/A HSS WESTSIDE ASC LLC 600 WEST 58TH STREET NEW YORK NY 10019 814351390 HEALTH CARE NY NA N/A HSS-FL PHYSICIANS LLC 535 EAST 70TH STREET NEW YORK NY 10021 824502169 HEALTH CARE FL NA N/A MEDICAL INDEMNITY ASSURANCE COMPANY LTD 535 EAST 70TH STREET NEW YORK NY 10021 981050215 SELF-INDEMNITY CJ NA C CORP true HSS VENTURES 535 EAST 70TH STREET NEW YORK NY 10021 061624300 HLTH CARE SERVICE NY NA C CORP true false false true false true false false false false true false false true false true true true true false HOSPITAL FOR SPECIAL SURGERY J 52986588 ALLOC COST HOSPITAL FOR SPECIAL SURGERY P 47264802 ALLOC COST HOSPITAL FOR SPECIAL SURGERY M 3763449 ALLOC COST HOSPITAL FOR SPECIAL SURGERY E 15056958 ALLOC COST HOSPITAL FOR SPECIAL SURGERY R 607951 ALLOC COST HSS ASC OF MANHATTAN LLC J 1580312 ALLOC COST HSS ASC OF MANHATTAN LLC Q 514375 ALLOC COST HSS WEST SIDE ASC LLC J 1506833 ALLOC COST HSS WEST SIDE ASC LLC Q 259656 ALLOC COST HOSPITAL FOR SPECIAL SURGERY FUND INC C 97604 ALLOC COST SCHEDULE R, PART V, LINE 1o The amounts for sharing of paid employees with related organization(s) are included in line m, performance of services or membership or fundraising solicitations by related organization.