Carmel Foundation
- Assets
- $19.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Carmel, CA
- Founding
- 10/1953
- Data as of
- 06/2022
- EIN
- 94-1225368
Organization Overview
Carmel Foundation is located in Carmel, CA. The organization was established in 1953. 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 06/2022, Carmel Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Foundation 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 06/2022, Carmel Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
THE CARMEL FOUNDATION'S MISSION IS TO PROVIDE A PLACE FOR SENIORS TO GATHER AND ENJOY A VARIETY OF ACTIVITIES AND SERVICES IN AN ENVIRONMENT OF RESPECT AND CAMARADERIE, A PLACE TO CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR HOUSING PROGRAM: TO PROVIDE INDEPENDENT LIVING, LOW-INCOME HOUSING FOR MEMBERS OF THE CARMEL FOUNDATION WHO ARE AT LEAST 65 YEARS OLD. CURRENTLY 49 PEOPLE RESIDE IN THE HOUSING.
MEAL PROGRAMS: 18,338 MEALS PREPARED VIA OUR CURB-SIDE TO GO PROGRAM, IN-HOUSE (LUNCHEON) DINING PROGRAM AND HOME BOUND MEAL DELIVERY PROGRAM. ALL MEALS ARE WELL-BALANCED COMPLETE MEALS.
ADDITIONAL SERVICES: OVER 40 INTERESTING CLASSES AND ACTIVITIES WEEKLY. INSTRUCTIONAL CLASSES ONSITE AND VIA ZOOM. WEDNESDAY PROGRAM WITH GUEST SPEAKERS. PROVIDED MEDICAL EQUIPMENT (FREE OF CHARGE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Zoller CEO | Officer | 40 | $133,847 |
Elizabeth Bates Finance Dir. | Officer | 40 | $111,713 |
Dan Mcgilloway CPA CVA Vp/treasurer | OfficerTrustee | 1 | $0 |
Mitchell Matthews Secretary | OfficerTrustee | 1 | $0 |
Leslie Finnegan VP Governance | OfficerTrustee | 1 | $0 |
Joan Crenshaw VP Progs & Serv | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $205,475 |
| Fundraising events | $42,765 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $851,062 |
| Noncash contributions included in lines 1a–1f | $27,765 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,099,302 |
| Total Program Service Revenue | $481,682 |
| Investment income | $339,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213,416 |
| Net Income from Fundraising Events | -$42,668 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,102,002 |
| 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. | $296,163 |
| Compensation of current officers, directors, key employees. | $170,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,436 |
| Payroll taxes | $95,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,692 |
| Fees for services: Accounting | $39,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,041 |
| Fees for services: Other | $3,300 |
| Advertising and promotion | $0 |
| Office expenses | $84,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $322,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,204 |
| Insurance | $72,158 |
| All other expenses | $30,771 |
| Total functional expenses | $2,412,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,172 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,118 |
| Net Land, buildings, and equipment | $3,455,584 |
| Investments—publicly traded securities | $8,734,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,397,033 |
| Total assets | $19,176,742 |
| Accounts payable and accrued expenses | $165,462 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,462 |
| Net assets without donor restrictions | $16,794,168 |
| Net assets with donor restrictions | $2,217,112 |
| 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 | $19,176,742 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carmel Foundation has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
J & M Foundation Salinas, CA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Praisner Family Foundation Pebble Beach, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PROGRAMS | $250 |
Endowment Analysis
| Beg. Balance | $1,255,470 |
| Earnings | -$168,410 |
| Ending Balance | $1,087,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Palolo Chinese Home Honolulu, HI | $34,098,800 | $20,295,958 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Holly Hill Rhf Housing Inc Long Beach, CA | $13,821,718 | $11,879,105 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |