Northern California Retired Officers Community
- Assets
- $230.9m
- Revenue
- $43.2m
- Investments
- $0.0
- Employees
- 470
- Location
- Fairfield, CA
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 68-0317185
Organization Overview
Northern California Retired Officers Community, operating under the name Paradise Valley Estates, is located in Fairfield, CA. The organization was established in 1994. 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 12/2022, Paradise Valley Estates employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paradise Valley Estates 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 12/2022, Paradise Valley Estates generated $43.2m 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 $52.5m during the year ending 12/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGH QUALITY CONTINUING CARE RETIREMENT COMMUNITY FOR BOTH MILITARY AND NON-MILITARY CLIENTELE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT SERVICES: PARADISE VALLEY ESTATES (PVE) IS A LIFE PLAN COMMUNITY THAT GUARANTEES LIFE CARE THROUGH UNLIMITED, ONSITE HEALTH SERVICES. WHILE RESIDENTS RETAIN THEIR CHOICE OF INSURANCE AND PHYSICIANS AND CAN EASILY ACCESS MANY NEARBY MEDICAL FACILITIES, OUR PROFESSIONALS HELP ASSESS HEALTH AND WELLNESS SO THEY CAN ENJOY THE CARE AND SERVICES THAT EASE THEIR LIVES.OUR COMMUNITY INCLUDES RESIDENTIAL LIVING, ASSISTED LIVING, ENHANCED ASSISTED LIVING, SHORT OR LONG-TERM REHABILITATION, MEMORY CARE AND SKILLED NURSING AS WELL AS ACCESS TO PREVENTIVE CARE AND PRIMARY CARE AND AT-HOME SUPPORT. IF A RESIDENT'S HEALTH CHANGES, ALL-INCLUSIVE RATES MEAN RESIDENTS CAN MOVE FROM ONE LEVEL OF CARE TO ANOTHER WITHOUT PAYING EXTRA FEES OR MOVING SOMEWHERE NEW.
HEALTH SERVICES: PVE SUPPORTS INDIVIDUALS LOOKING FOR BOTH LONG-TERM AND SHORT-TERM ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. PVE HELPS INDIVIDUALS AS THEY RECUPERATE FROM SURGERY AS WELL AS LONG-TERM SKILLED NURSING CARE. PVE ALSO SUPPORTS INDIVIDUALS WHO ARE DEALING WITH MEMORY LOSS. THE CLINIC TEAM SUPPORTS INDEPENDENT LIVING RESIDENTS. THOSE DESIRING TO AGE IN PLACE OFTEN UTILIZE THE PVE AT HOME IN-HOME CARE SERVICES.
DINING SERVICES:PVE PLANS AND PREPARES A RANGE OF SELECTIONS FOR BREAKFAST, LUNCH AND DINNER FOR ALL RESIDENTS. RESIDENTS MAY CHOOSE AMONG DINING OPTIONS, EACH TAILORED TO PROVIDE ENJOYABLE DINING EXPERIENCES FROM FORMAL TO AL FRESCO TO PRIVATE DINING FOR GROUPS OR CELEBRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col Sandra Schmidt-Berringer Usaf Chair | OfficerTrustee | 9 | $0 |
John Dimichele Vice Chair | OfficerTrustee | 3 | $0 |
Maj Gen Geoffrey Wiedeman Usaf Secretary | OfficerTrustee | 6 | $0 |
Lt Col Gary Erickson Usaf Treasurer | OfficerTrustee | 6 | $0 |
Sean P Quinn Immediate Past Chair | Trustee | 3 | $0 |
Capt Nick Van Male Usn Board Member (until April 2022) | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gyds Home Design Construction Services | 12/30/22 | $1,790,773 |
Hanson Bridgett Llp Legal Services | 12/30/22 | $371,487 |
Senioroi Marketing Services | 12/30/22 | $101,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,550,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,249 |
| Total Program Service Revenue | $39,927,175 |
| Investment income | $889,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,507 |
| Net Gain/Loss on Asset Sales | $406,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,242,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $758,735 |
| Compensation of current officers, directors, key employees. | $758,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,610,746 |
| Pension plan accruals and contributions | $438,130 |
| Other employee benefits | $1,095,479 |
| Payroll taxes | $2,448,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $405,849 |
| Fees for services: Accounting | $159,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,528 |
| Fees for services: Other | $1,569,204 |
| Advertising and promotion | $525,513 |
| Office expenses | $778,389 |
| Information technology | $753,511 |
| Royalties | $0 |
| Occupancy | $3,914,336 |
| Travel | $210,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,474,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,111,536 |
| Insurance | $948,099 |
| All other expenses | $1,148,571 |
| Total functional expenses | $52,501,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,386,644 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,930,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $141,900 |
| Prepaid expenses and deferred charges | $1,555,440 |
| Net Land, buildings, and equipment | $174,374,215 |
| Investments—publicly traded securities | $49,188,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,318,755 |
| Total assets | $230,895,453 |
| Accounts payable and accrued expenses | $7,285,300 |
| Grants payable | $0 |
| Deferred revenue | $74,782,621 |
| Tax-exempt bond liabilities | $111,556,264 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,230,976 |
| Total liabilities | $205,855,161 |
| Net assets without donor restrictions | $22,704,301 |
| Net assets with donor restrictions | $2,335,991 |
| 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 | $230,895,453 |
Grants Awarded
Over the last fiscal year, Northern California Retired Officers Community has awarded $18,295 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF TRAVIS FISHER HOUSE PURPOSE: HOUSING ASSISTANCE FOR FAMILIES WITH HOSPITALIZED LOVED ONES. | $10,295 |
NCPGA FOUNDATION PURPOSE: PROVIDES FREE GOLF INSTRUCTION TO MILITARY VETERANS. | $8,000 |