2024-11-12T16:09:26+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP ONE MANHATTAN WEST NEW YORK NY 100018604 990 2023-01-01 133852596 MSMC REALTY CORPORATION MSMC 6466054106 ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 Stephen Harvey Officer 6466054106 2024-11-12 true Nicole Sokolowski P01683199 2127733000 2024-11-12 2023 2024-10-15 13:58:12Z STEPHEN HARVEY ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 1391515 false X N/A X 1995 NY MSMC REALTY CORPORATION'S MISSION IS TO SUPPORT ITS TAX EXEMPT MEMBERS BY MANAGING, MAINTAINING, HOLDING, DEVELOPING, ACQUIRING OR DISPOSING REAL PROPERTY FOR THEIR BENEFIT. 4 0 0 0 0 0 398330 315603 2048213 1075912 0 0 2446543 1391515 0 0 0 0 0 2446543 1391515 2446543 1391515 0 0 111952917 113145508 106954991 108147582 4997926 4997926 MSMC REALTY CORPORATION'S MISSION IS TO SUPPORT ITS TAX EXEMPT MEMBERS BY MANAGING, MAINTAINING, HOLDING, DEVELOPING, ACQUIRING OR DISPOSING REAL PROPERTY FOR THEIR BENEFIT. false false 1391515 0 1075912 TO HOLD AND LEASE PROPERTY TO MOUNT SINAI HOSPITAL FOR ITS TAX EXEMPT PURPOSES. 1391515 true true false false false false false false false true false false false true false true false 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 true false false true 0 0 0 false false false false false false false false false false false false false X 4 0 false false false false true true false true true false false true true true true true true false false false NY X MAHENDRA JAGMOHAN 6466054103 150 EAST 42 STREET 5TH FLOOR NEW YORK NY 10017 CHRISTOPHER CONSIDINE SECRETARY 0.5 59.5 X X 0 557785 60493 MARGARET PASTUSZKO PRESIDENT 0.5 59.5 X X 0 2423803 69483 STEPHEN HARVEY TREASURER 0.5 59.5 X X 0 2026048 81824 JEFFERY SILBERSTEIN TRUSTEE 0.5 59.5 X 0 1484091 34656 Beth Essig Former officer 0.0 60.0 X 0 1822706 55465 0 8314433 301921 0 false true false 0 315603 315603 RENTAL INCOME 531120 1075912 1075912 0 0 0 0 1075912 0 0 0 0 0 0 0 0 0 1391515 1075912 0 0 0 0 0 0 1075912 1075912 RENTAL EXPENSE 315603 315603 0 0 0 0 1391515 1391515 0 0 0 0 0 0 121592694 13964444 105935672 107628250 0 0 6017245 5517258 111952917 113145508 20746463 20746463 0 0 6498608 7798663 79709920 79602456 106954991 108147582 X 4997926 4997926 4997926 4997926 111952917 113145508 0 0 X false true X true false X X 2 THE MOUNT SINAI HOSPITAL 131624096 3 true 0 0 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 136171197 2 true 0 0 2 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91731586 9383296 82348290 29861108 4581148 25279960 107628250 DUE TO RELATED ORGANIZATIONS 79602456 79602456 1075912 0 0 1075912 315603 315603 1391515 1391515 0 0 1391515 0 0 1391515 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements CONTRIBUTION FROM THE MOUNT SINAI HOSPITAL - 315603 false false false false false false true false false MARGARET PASTUSZKO PRESIDENT 0 1750000 0 471625 0 202178 0 33000 0 36483 0 2493286 0 0 STEPHEN HARVEY TREASURER 0 1200000 0 390775 0 435273 0 33000 0 48824 0 2107872 0 0 CHRISTOPHER CONSIDINE SECRETARY 0 500000 0 46200 0 11585 0 26400 0 34093 0 618278 0 0 JEFFERY SILBERSTEIN TRUSTEE 0 1032000 0 269500 0 182591 0 33000 0 1656 0 1518747 0 0 Beth Essig Former officer 0 1350000 0 363825 0 108881 0 33000 0 22465 0 1878171 0 0 Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization THE MOUNT SINAI HOSPITAL, A RELATED ORGANIZATION, ANSWERED YES TO QUESTIONS 6A AND 6B IN SCHEDULE J AS THE INSTITUTION UTILIZES AN INCENTIVE BASED BONUS PROGRAM FOR CERTAIN EMPLOYEES, INCLUDING SEVERAL OF THOSE EMPLOYEES LISTED IN SCHEDULE J. NET EARNINGS IS ONE OF SEVERAL METRICS UTILIZED BY THE INSTITUTION IN THE ANNUAL BONUS CALCULATION. OTHER METRICS UTILIZED IN THE INCENTIVE COMPENSATION MODEL INCLUDE THE ORGANIZATION'S PERFORMANCE ON THE JCAHO HOSPITAL CORE MEASURES, PATIENT SATISFACTION SCORES, AND OTHER ORGANIZATIONAL GOALS SUCH AS LENGTH OF STAY INITIATIVES. INDIVIDUALS THAT HAVE RESPONSIBILITIES IN RELATED ORGANIZATIONS TO THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL. Schedule J, Part I PART VII, SECTION A & SCHEDULE J COMPENSATION FOOTNOTES (1) HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM, INC. (2) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, BETH ISRAEL MEDICAL CENTER, ST. LUKE'S-ROOSEVELT HOSPITAL CENTER AND/OR NEW YORK EYE AND EAR INFIRMARY. OTHER REPORTABLE COMPENSATION FOR OFFICERS AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES. Form 990, Part VI, Line 12a 14 THE BOARDS OF MSMC, ISMMS AND MSH HAVE ADOPTED ALL POLICIES REFERRED TO IN FORM 990, PART VI, SECTION B QUESTIONS 12 TO 14, WHICH WOULD APPLY TO ALL OWNED/CONTROLLED ENTITIES, INCLUDING THE MSMC REALTY CORPORATION. Form 990, Part VI, Line 6 Classes of members or stockholders AS DESCRIBED IN THE BY-LAWS OF THE MSMC REALTY CORPORATION ("REALTY"), THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI AND THE MOUNT SINAI MEDICAL CENTER ARE THE MEMBERS OF THE MSMC REALTY CORPORATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE CORPORATE MEMBERS OF MSMC REALTY CORPORATION, THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, AND THE MOUNT SINAI MEDICAL CENTER, INC., EACH HAVE THE RIGHT TO APPOINT MEMBERS OF MSMC REALTY CORPORATION'S GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 PROVIDED TO GOVERNING BODY THE FINANCE DEPARTMENT GATHERED THE RELEVANT INFORMATION AND PREPARED THE TAX RETURNS. THE TAX DEPARTMENT OF OUR OUTSIDE AUDITORS, ERNST & YOUNG (EY), PARTICIPATED IN THE PREPARATION OF, AND REVIEWED, ALL TAX RETURNS. A QUESTIONNAIRE WAS CIRCULATED TO ALL TRUSTEES (I.E., DIRECTORS), OFFICERS AND KEY EMPLOYEES IN ORDER TO ELICIT THE INFORMATION REQUIRED TO BE REPORTED ON THE TAX RETURNS. THE TRUSTEE CONFLICTS OF INTEREST REVIEW COMMITTEE REVIEWED THE RESPONSES PROVIDED BY TRUSTEES AND CERTAIN OFFICERS IN THE QUESTIONNAIRES AND ASSESSED ADDITIONAL PERTINENT FACTS GATHERED BY THE INSTITUTION IN ORDER TO EVALUATE THE APPLICABILITY OF IRS REPORTING REQUIREMENTS. THE REVIEW COMMITTEE THEN DETERMINED THE APPROPRIATE TRUSTEE (AND CERTAIN OFFICER) DISCLOSURES THAT SHOULD BE MADE ON FORM 990 BASED ON THE RECOMMENDATIONS OF THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE AND THE AUDIT AND COMPLIANCE DEPARTMENT. THESE RECOMMENDATIONS WERE REVIEWED AND APPROVED BY EY. THE SAME PROCESS WAS CONDUCTED BY THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, THE AUDIT AND COMPLIANCE DEPARTMENT AND EY WITH RESPECT TO THE QUESTIONNAIRES SUBMITTED BY OTHER OFFICERS AND KEY EMPLOYEES. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTED A REVIEW OF THE ENTIRE TAX RETURN, WITH THE PARTICIPATION OF EY, THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, AND THE AUDIT AND COMPLIANCE DEPARTMENT. THE AUDIT COMMITTEE APPROVED THE TAX RETURNS AS PRESENTED. THE AUDIT COMMITTEE'S REPORT OF ITS REVIEW OF THE TAX RETURNS AND ITS RECOMMENDATION TO FILE THE RETURNS WERE PRESENTED TO, AND ACCEPTED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (EXECUTIVE COMMITTEE). IN ADDITION TO AUTHORIZING THE FILING OF THE TAX RETURNS, THE EXECUTIVE COMMITTEE DIRECTED THAT THE RETURNS, WHICH WILL BE FILED ON OR BEFORE NOVEMBER 15, 2024, BE PROVIDED TO ALL TRUSTEES VIA THE TRUSTEES' CONFIDENTIAL WEBSITE, AND THOSE RETURNS WERE SO PROVIDED BEFORE BEING FILED. Form 990, Part VI, Line 12c Conflict of interest policy MONITORING & ENFORCING COMPLIANCE WITH THE POLICY. COMPLIANCE WITH THE ORGANIZATION'S BUSINESS CONFLICTS OF INTEREST POLICY (POLICY) IS REQUIRED OF TRUSTEES, EMPLOYEES, MEDICAL STAFF AND NON-EMPLOYEE MEMBERS OF INSTITUTIONAL COMMITTEES AND INCLUDES AN ONGOING DUTY TO DISCLOSE POTENTIAL CONFLICTS. COMPLIANCE WITH THE POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ALL DISCLOSURES WITH THE POTENTIAL FOR CONFLICT ARE REVIEWED BY AN APPROPRIATE COMMITTEE WHERE THEY ARE CAREFULLY EVALUATED. WHEN APPROPRIATE, A PLAN, WHICH MAY INVOLVE MEASURES INCLUDING, BUT NOT LIMITED TO, RECUSAL FROM PARTICIPATING IN AFFECTED TRANSACTIONS, IS DEVELOPED TO MANAGE THE POTENTIAL CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS BUSINESS CONFLICTS OF INTEREST POLICY AVAILABLE ON ITS WEBSITE (WWW.MOUNTSINAI.ORG) AND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE MOUNT SINAI MEDICAL CENTER INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 136271888 SUPPORT NY 501(c)(3) Type II MSHS false THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(c)(3) 3 MSHG false MITRAL FOUNDATION 1190 FIFTH AVENUE NEW YORK NY 10029 800468600 RESEARCH NY 501(c)(3) Type I ISMMS true THE MOUNT SINAI CHILDREN'S CENTER FND ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 223059294 SUPPORT NY 501(c)(3) Type I ISMMS true MSMC RESIDENTIAL REALTY LLC 1425 MADISON AVENUE NEW YORK NY 10029 200244426 REAL ESTATE NY 501(c)(3) Type I ISMMS MSH & MSMC REAL CORP true MSMC RESIDENTIAL REALTY MANAGER INC 1425 MADISON AVENUE NEW YORK NY 10029 201289396 MGMT NY 501(c)(3) Type II ISMMS MSH & MSMC REAL CORP true VALENTIN FUSTER MT SINAI FND SCI HLTH ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 800952088 SUPPORT NY 501(c)(3) Type I ISMMS & MSH true MOUNT SINAI HEALTH SYSTEM INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 464248304 HOLDING CO NY 501(c)(3) Type II N/A false MOUNT SINAI HOSPITALS GROUP INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 464242915 HOLDING CO NY 501(c)(3) Type II MSHS false ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 136171197 SCHOOL NY 501(c)(3) 2 MSHS true CONTINUUM HEALTH PARTNERS INC 150 EAST 42ND STREET NEW YORK NY 10017 133939476 HOLDING CO NY 501(c)(3) Type I N/A false BIMC HOLDING CORPORATION FIRST AVENUE AT 16TH STREET NEW YORK NY 10003 133444730 HOLDING CO NY 501(c)(3) Type I BIMC true MOUNT SINAI AMBULATORY VENTURES INC 150 EAST 42ND STREET NEW YORK NY 10017 133838460 SURGICENTER NY 501(c)(3) 3 MSHS true BI NURSING HOME COMPANY 327 EAST 17TH STREET NEW YORK NY 10003 133627753 NURSING HOME NY 501(c)(3) 3 BIMC HOLDCO true EAST 17TH STREET PROPERTIES INC 150 EAST 42ND STREET NEW YORK NY 10017 133547502 REAL ESTATE NY 501(c)(3) 10 BIMC HOLDCO true THE LONG ISLAND COLLEGE HOSPITAL 150 EAST 42ND STREET NEW YORK NY 10017 111018985 HOSPITAL NY 501(c)(3) 3 CHP false ST LUKE'S-ROOSEVELT HOSPITAL CENTER 1111 AMSTERDAM AVENUE NEW YORK NY 10025 132997301 HOSPITAL NY 501(c)(3) 3 MSHG false AUGUSTUS & JAMES CORPORATION 150 EAST 42ND STREET NEW YORK NY 10017 133392851 REAL ESTATE NY 501(c)(3) Type I SLR true ST LUKE'S-ROOSEVELT INSTITUTE FOR HEALTH 1111 AMSTERDAM AVENUE NEW YORK NY 10025 132914343 RESEARCH NY 501(c)(3) 4 SLR true NEW YORK EYE AND EAR INFIRMARY 310 EAST 14TH STREET NEW YORK NY 10003 135562304 HOSPITAL NY 501(c)(3) 3 MSHG false NEW YORK EYE & EAR INFIRMARY FNDN 310 EAST 14TH STREET NEW YORK NY 10003 134012469 PRIVATE FDN NY 501(c)(3) PF NYEE true NYEEI HOUSING COMPANY INC 317-327 EAST 13TH STREET NEW YORK NY 10003 311696826 REAL ESTATE NY 501(c)(2) NYEE true BETH ISRAEL MEDICAL CENTER FDN INC 150 EAST 42ND STREET NEW YORK NY 10017 300571387 FUNDRAISING NY 501(c)(3) 7 BIMC true ST LUKE'S-ROOSEVELT HOSPITAL CENTER FDN 150 EAST 42ND STREET NEW YORK NY 10017 300571390 FUNDRAISING NY 501(c)(3) 7 SLR true BETH ISRAEL MEDICAL CENTER FIRST AVENUE AT 16TH STREET NEW YORK NY 10003 135564934 HOSPITAL NY 501(c)(3) 3 MSHG false MOUNT SINAI HEALTH PARTNERS PC 150 EAST 42ND STREET 5TH FLR NEW YORK NY 10017 812057452 HEALTHCARE NY 501(c)(3) 10 MSH true SOUTH NASSAU COMMUNITIES HOSPITAL INC ONE HEALTHY WAY OCEANSIDE NY 11572 111352310 HOSPITAL NY 501(c)(3) 3 MSHG false MOUNT SINAI SELF INSURANCE TRUST 150 EAST 42ND STREET NEW YORK NY 10017 823994798 SUPPORT NY 501(c)(3) Type II MSHS false EAST 98TH STREET COMMUNITY SERVICES INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 822536805 AMB SRGY CNTR NY 501(c)(3) 3 MSHS true BACHMANN-STRAUSS DYSTONIA FOUNDATION INC 150 EAST 42ND STREET NEW YORK NY 10017 133804248 FUNDRAISING NY 501(c)(3) Type II MSHS true CARE CONTINUUM VENTURES INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 863155355 SUPPORT NY 501(c)(3) Type II MSHS true MSS HEALTH PC 150 EAST 42ND STREET 5E-32 NEW YORK NY 10017 862530666 HEALTHCARE NJ 501(c)(3) 10 MSH true MANHATTAN MANAGEMENT SERVICES 1780 BROADWAY 7TH FL NEW YORK NY 10019 133618543 MGMT SERVICES NY SLR C Corporation false SLR MANAGEMENT SERVICES 150 EAST 42ND STREET NEW YORK NY 10017 133853145 MGMT SERVICES NY SLR C Corporation false MOUNT SINAI HC VENTURES INC 150 E 42ND STREET 5TH FLOOR NEW YORK NY 10017 460953126 HEALTH CARE MGMT NY BIMC HOLDCO C Corporation false MSHS Vaccine Company 1209 Orange Street Wilmington DE 19801 874250003 clinical lab DE ISMMS C Corporation false Kantaro Biosciences LLC 1460 Broadway New York NY 10036 851089445 clinical lab NY ISMMS C Corporation false false false true false false false false false false true false false false false false false false false false THE MOUNT SINAI HOSPITAL J 1075912 COST THE MOUNT SINAI HOSPITAL C 315603 COST Schedule R, Part II, Column (f) DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORPORATION AND THE MSMC RESIDENTIAL REALTY MANAGER, INC. ARE ALL MEMBERS OF THIS ENTITY. Schedule R, Part II, Column (f) DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY.