Aldersly Inc
- Assets
- $106.3m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 106
- Location
- San Rafael, CA
- Founding
- 09/1988
- Data as of
- 09/2023
- EIN
- 94-1156461
Organization Overview
Aldersly Inc is located in San Rafael, CA. The organization was established in 1988. 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, Aldersly Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aldersly Inc 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, Aldersly Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $11.0m during the year ending 09/2023. While expenses have increased by 2.4% 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
PROVISION OF HOUSING AND NURSING SERVICES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING FEES: IL INCLUDES LIVING UNIT ACCOMMODATION, 3 MEALS PER DAY, UTILITIES, WINDOW AND FLOOR COVERINGS, TOWELS & BED LINENS, WEEKLY LAUNDRY SERVICE FOR TOWELS & BED LINENS, HOUSEKEEPING SERVICES EVERY TWO WEEKS, SOCIAL/RECREATIONAL ACTIVITIES, MAINTENANCE OF BUILDINGS AND GROUNDS.
MEMORY CARE LIVING FEES: MC INCLUDES ALL ITEMS PROVIDED IN IL & AL PLUS THE FOLLOWING: TECHNOLOGICALLY ADVANCED MEMORY CARE RESIDENCES WITH AN ARRAY OF STATE-OF THE ART FEATURES CREATED TO ENHANCE THE LIFE EXPERIENCE AND WELLNESS OF THOSE WITH ALZHEIMER'S DISEASE OR OTHER RELATED DEMENTIAS. OUR COMPASSIONATE, HIGHLY TRAINED TEAM EMPLOYS REMINISCENCE TOOLS TO HELP RESIDENTS' FAMILY MEMBERS AND LOVED ONES CAPTURE THE DETAILS OF RESIDENTS' LIVES, THEIR CAREERS, HOBBIES, LIKES AND DISLIKES. WE THEN APPLY THE INSIGHTS GAINED FROM EACH LIFE STORY TO CREATE AN INDIVIDUALIZED CARE PLAN THAT PROMOTES PHYSICAL AND EMOTIONAL WELL-BEING, PROLONGS DAILY FUNCTIONING, AND MAINTAINS A SENSE OF PURPOSE, SATISFACTION, AND QUALITY OF LIFE. ENTRANCE FEES: CONTINUING CARE CONTRACT WHICH NCLUDES ACCESS TO ALL ITEMS PROVIDED IN IL PLUS ACCESS TO AL, MC & EC (BASED ON NEED) AT A DISCOUNTED RATE FOR THE TERM OF THE CONTRACT.
ASSISTED LIVING FEES: AL INCLUDES ALL ITEMS PROVIDED IN IL PLUS THE FOLLOWING: ASSISTANCE WITH DRESSING, GROOMING, BATHING & OTHER PERSONAL HYGIENE; ASSISTANCE WITH MEDICATION; ARRANGEMENT OF MEDICAL/DENTAL APPOINTMENTS; SUPERVISION OF RESIDENTS' SCHEDULES/ACTIVITIES; MONITORING OF FOOD INTAKE/SPECIAL DIETS; CARRYING OUT PHYSICIAN'S ORDERS.
EXTENDED CARE FEES: EXTENDED CARE INCLUDES ALL ITEMS PROVIDED IN IL & AL AND IS A NATURAL EXTENSION OF THE COZY, COMFORTABLE, CONNECTED ATMOSPHERE RESIDENTS ENJOY THROUGHOUT ALL OF ALDERSLY. WHETHER A RESIDENT NEEDS TRANSITIONAL CARE AFTER A HOSPITAL OR SKILLED NURSING STAY, OR 24-HOUR MONITORED CARE FOR MANAGEABLE CHRONIC CONDITIONS, WE HAVE ALL THE NURSING CARE AND SUPPORT NECESSARY TO PROVIDE GREAT CARE ALONG WITH A HIGH LEVEL OF INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Brown Executive Director | Officer | 40 | $200,000 |
Dolma Tsering Lvn | 40 | $107,323 | |
Joshua Seibert Executive Chef | 40 | $105,343 | |
Frank Ferroni Plant Director | 40 | $104,053 | |
Zhailani Aquino Accounting Dir. (started 10/27/22) | Officer | 40 | $18,394 |
Peter Schakow President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cahill Contractors Llc Construction Of Expansion | 9/29/23 | $1,146,862 |
Perkins Eastman Architects Pc Architectural Drawings For Expansion | 9/29/23 | $1,032,634 |
Lcs Holding Company Llc Management Company Services | 9/29/23 | $695,382 |
Orchard Digital Marketing Marketing | 9/29/23 | $376,956 |
Greenbrier Development Llc Expansion Construction Management | 9/29/23 | $349,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,153,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,153,726 |
| Total Program Service Revenue | $7,373,956 |
| Investment income | $905,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,573 |
| Net Gain/Loss on Asset Sales | $1,270,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,731,299 |
| 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. | $388,575 |
| Compensation of current officers, directors, key employees. | $47,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,606,150 |
| Pension plan accruals and contributions | $59,848 |
| Other employee benefits | $929,553 |
| Payroll taxes | $313,432 |
| Fees for services: Management | $629,774 |
| Fees for services: Legal | $21,640 |
| Fees for services: Accounting | $158,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,620 |
| Fees for services: Other | $155,600 |
| Advertising and promotion | $355,029 |
| Office expenses | $167,448 |
| Information technology | $192,162 |
| Royalties | $0 |
| Occupancy | $374,091 |
| Travel | $11,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $849,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $853,067 |
| Insurance | $526,974 |
| All other expenses | $143,573 |
| Total functional expenses | $10,974,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,023 |
| Savings and temporary cash investments | $3,779,671 |
| Pledges and grants receivable | $135,115 |
| Accounts receivable, net | $95,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,630 |
| Prepaid expenses and deferred charges | $802,869 |
| Net Land, buildings, and equipment | $23,564,123 |
| Investments—publicly traded securities | $12,957,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,419,423 |
| Total assets | $106,254,004 |
| Accounts payable and accrued expenses | $2,129,515 |
| Grants payable | $0 |
| Deferred revenue | $4,417,827 |
| Tax-exempt bond liabilities | $64,013,138 |
| 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 | $4,822,652 |
| Total liabilities | $75,383,132 |
| Net assets without donor restrictions | $30,860,168 |
| Net assets with donor restrictions | $10,704 |
| 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 | $106,254,004 |