Hollenbeck Palms

Organization Overview

Hollenbeck Palms is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Hollenbeck Palms employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollenbeck Palms 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 06/2021, Hollenbeck Palms generated $22.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $19.9m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE VERY FIRST NON-PROFIT, LICENSED CONTINUING CARE RETIREMENT COMMUNITY IN CALIFORNIA, HOLLENBECK PALMS PROVIDES FOR AND SERVES ITS ELDERLY RESIDENTS WITH GREAT COMPASSION, HONEST DIGNITY AND GENUINE LOVE THROUGH RESIDENTIAL, ASSISTED AND SKILLED NURSING LIVING. WE OFFER A REWARDING AND GRATIFYING LIFESTYLE, FULL OF ACTIVITIES, PROGRAMS AND SERVICES, AND ALL LEVELS OF CARE THEY MAY NEED AT VARIOUS STAGES OF THEIR LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLLENBECK PALMS PROVIDES CARE FOR THE AGING, INCLUDING RESIDENTIAL, ASSISTED LIVING, AND SKILLED NURSING CARE LIVING ARRANGEMENTS FOR THEIR MEMBERS. DURING THE YEAR, SERVICES WERE PROVIDED TO APPROXIMATELY 200 MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Le Waters Construction Co
Construction
$3,300,678
Sodexo America Llc
Food Services
$2,203,543
Team Rehab Inc
Therapy
$471,056
Gssi Inc
Security Services
$183,629
Skilled Nursing Pharmacy
Pharmacy
$241,418
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,149,466
All other contributions, gifts, grants, and similar amounts not included above$1,304,121
Noncash contributions included in lines 1a–1f $40,494
Total Revenue from Contributions, Gifts, Grants & Similar$3,453,587
Total Program Service Revenue$14,618,615
Investment income $849,145
Tax Exempt Bond Proceeds $0
Royalties $52,732
Net Rental Income $77,612
Net Gain/Loss on Asset Sales $3,267,617
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,351,666

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Hollenbeck Palms has recieved totaling $180,068.

Awarding OrganizationAmount
Henry L Guenther Foundation

Seal Beach, CA

PURPOSE: TO FUND A NEW MEMORY CARE CENTER TO HOUSE AND CARE FOR RESIDENTS LIVING WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF DEMENTIA.

$50,000
Henry L Guenther Foundation

Seal Beach, CA

PURPOSE: TO FUND A NEW MEMORY CARE CENTER TO HOUSE AND CARE FOR RESIDENTS LIVING WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF DEMENTIA.

$50,000
Thomas And Dorothy Leavey Foundation

Los Angeles, CA

PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES

$25,000
Meta & George Rosenberg Foundation

Los Angeles, CA

PURPOSE: GENERAL

$25,000
Lluella Morey Murphey Foundation

Pasadena, CA

PURPOSE: PROGRAM SUPPORT

$20,000
In & Susanna H Van Nuys Foundation

Los Angeles, CA

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,737,479
Earnings$683,809
Other Expense$300,000
Ending Balance$3,121,288

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$30,814,211
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Humangood Nevada
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$27,024,940
Dallas Mennonite Retirement Community Inc
Dallas, OR
$25,845,409
Mirabella At Asu Inc
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$6,088,723
Humangood Idaho
Duarte, CA
$17,990,575
Sun Health Grandview Terrace
Sun City West, AZ
$23,188,169
Asian Pacific Health Care Venture Inc
Los Angeles, CA
$29,795,515
Hollenbeck Palms
Los Angeles, CA
$22,351,666
899 Charleston
Palo Alto, CA
$17,017,896

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