The Redwoods-A Community Of Seniors
- Assets
- $54.1m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 189
- Location
- Mill Valley, CA
- Founding
- 12/1974
- Data as of
- 09/2023
- EIN
- 23-7085414
Organization Overview
The Redwoods-A Community Of Seniors is located in Mill Valley, CA. The organization was established in 1974. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Redwoods-A Community Of Seniors employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwoods-A Community Of Seniors is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Redwoods-A Community Of Seniors generated $25.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $23.8m during the year ending 09/2023. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE REDWOODS IS A MULTI-LEVEL RETIREMENT FACILITY PROVIDING AFFORDABLE HOUSING FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE CENTER (HCC) - THE HEALTH CARE CENTER HAS 54 BEDS IN PRIVATE AND SEMI-PRIVATE ROOMS. IT IS A LICENSED, SKILLED NURSING FACILITY FOR RESIDENTS REQUIRING 24-HOUR NURSING CARE. THE CENTER PROVIDES THREE MEALS DAILY ALONG WITH DAILY HOUSEKEEPING, AND LINEN AND LAUNDRY SERVICE. AS IN ASSISTED LIVING, THERE IS AN ACTIVITIES COORDINATOR AND A SOCIAL WORKER IN HCC WHO DESIGN PROGRAMS, SERVICES, AND ACTIVITIES THAT ARE SPECIALLY SUITED TO THE NEEDS OF THESE RESIDENTS. IN ADDITION, THERE IS WIFI ACCESS. MEDI-CAL AND MEDICARE ARE AVAILABLE TO QUALIFYING RESIDENTS.
OTHER PROGRAM SERVICES PROVIDED INCLUDE RESIDENT PROGRAMS (INCLUDING ENTERTAINMENT, LECTURES, SOCIAL GROUPS, AND EXERCISE IN THE WELLNESS CENTER), OPERATIONS, DINING SERVICES, AND GRANTMAKING TO OUTSIDE ORGANIZATIONS.
ASSISTED LIVING - THE ASSISTED LIVING PROGRAM IS LICENSED UNDER THE ORGANIZATION'S RESIDENTIAL CARE FACILITY FOR THE ELDERLY (RCFE) LICENSE AND INCLUDES 130 RESIDENTIAL LIVING APARTMENTS (RLA). APARTMENT TYPES INCLUDE STUDIOS, STUDIOS WITH SNACK CENTER, AND ONE-BEDROOM UNITS WITH A SNACK CENTER. RESIDENCY IN RLA INCLUDES: 3 MEALS DAILY IN THE REDWOODS' DINING ROOM, WEEKLY HOUSEKEEPING, AND LINEN SERVICE. IN ADDITION, THERE IS WIFI ACCESS, A FULL-TIME SOCIAL WORKER, AND A STAFF NURSE AVAILABLE DURING THE DAY, SEVEN DAYS A WEEK. COMPREHENSIVE PROGRAMS AND ACTIVITIES ARE AVAILABLE AT NO ADDITIONAL COST. SERVICES TO ASSIST WITH ACTIVITIES OF DAILY LIVING SUCH AS MEDICATION MANAGEMENT, ASSISTANCE WITH SHOWERING, ASSISTANCE WITH DRESSING, AND LAUNDRY ARE AVAILABLE TO PURCHASE.
INDEPENDENT LIVING APARTMENTS (ILA) - THERE ARE 146 1-BEDROOM APARTMENTS AND TWO 2-BEDROOM APARTMENTS, EACH WITH A FULL ELECTRIC KITCHEN, WIFI ACCESS, PHONE HOOK-UP, PATIO OR BALCONY; 60 OF THE 1-BEDROOM APARTMENTS ARE FOR RESIDENTS WHO QUALIFY FOR RENTAL SUPPORT THROUGH THE SECTION 8 PROGRAM OF THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT. UTILITIES ARE INCLUDED, AS WELL AS THE OPPORTUNITY TO PARTICIPATE IN MEAL PROGRAMS IN THE REDWOODS' FULL-SERVICE DINING ROOM. RESIDENTS IN ILA HAVE ACCESS TO A FULL-TIME SOCIAL WORKER SEVEN DAYS A WEEK AND A FULL RANGE OF PROGRAMS AND ACTIVITIES AT NO ADDITIONAL COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Lynch President | OfficerTrustee | 2 | $0 |
Jim Day VP Through 12/2022 / Board Member | OfficerTrustee | 2 | $0 |
Janet Hines Vice President Start 1/2023 | OfficerTrustee | 2 | $0 |
Bob Harmon Secretary | OfficerTrustee | 2 | $0 |
Richard C Ronald Treasurer | OfficerTrustee | 2 | $0 |
Daniel D Bikle Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thurston Construction Co Inc Building Contractor | 9/29/23 | $1,581,836 |
Nelson T Lewis Construction Co Inc Building Contractor | 9/29/23 | $1,227,640 |
C3 Services Llc Registry - Temporary Employees | 9/29/23 | $1,163,660 |
Jmc General Construction Llc Building Contractor | 9/29/23 | $936,504 |
Rehab Alliance Rehab Therapy Services | 9/29/23 | $520,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $237,255 |
| Related organizations | $0 |
| Government grants | $18,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $758,856 |
| Noncash contributions included in lines 1a–1f | $29,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,817 |
| Total Program Service Revenue | $23,933,167 |
| Investment income | $456,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,265 |
| Net Gain/Loss on Asset Sales | $51,372 |
| Net Income from Fundraising Events | -$85,619 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,524,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $704,318 |
| Compensation of current officers, directors, key employees. | $491,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,010,826 |
| Pension plan accruals and contributions | $161,663 |
| Other employee benefits | $1,250,002 |
| Payroll taxes | $800,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,938 |
| Fees for services: Accounting | $100,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,097,012 |
| Advertising and promotion | $88,870 |
| Office expenses | $133,966 |
| Information technology | $225,865 |
| Royalties | $0 |
| Occupancy | $1,669,422 |
| Travel | $2,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,556 |
| Interest | $618,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,582,898 |
| Insurance | $423,345 |
| All other expenses | $307,629 |
| Total functional expenses | $23,765,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,340 |
| Savings and temporary cash investments | $7,459,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $464,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,469 |
| Prepaid expenses and deferred charges | $131,629 |
| Net Land, buildings, and equipment | $37,962,332 |
| Investments—publicly traded securities | $7,926,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,064,841 |
| Accounts payable and accrued expenses | $2,255,725 |
| Grants payable | $0 |
| Deferred revenue | $26,604 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,324,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $131,549 |
| Total liabilities | $23,738,219 |
| Net assets without donor restrictions | $25,326,953 |
| Net assets with donor restrictions | $4,999,669 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,064,841 |