Channing House
- Assets
- $156.6m
- Revenue
- $26.9m
- Investments
- $0.0
- Employees
- 224
- Location
- Palo Alto, CA
- Founding
- 10/1978
- Data as of
- 02/2024
- EIN
- 94-1485533
Organization Overview
Channing House is located in Palo Alto, CA. The organization was established in 1978. 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 02/2024, Channing House employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Channing House 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 02/2024, Channing House generated $26.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $32.2m during the year ending 02/2024. While expenses have increased by 6.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING AND HEALTH CARE SERVICES WITHIN A LIFE CARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING, ASSISTED LIVING, AND SKILLED NURSING SERVICES WHICH INCLUDE DINING SERVICES, MAINTENANCE, HOUSEKEEPING, AND NURSING CARE. DURING FY2024 WE SERVED AN AVERAGE OF 241 RESIDENTS WITH A TOTAL OF 5,430 SERVICE DAYS OF SKILLED NURSING; 9,607 SERVICE DAYS OF ASSISTED LIVING; AND 73,173 DAYS OF RESIDENTIAL CARE SERVICES.
CHANNING HOUSE HOSTS VARIOUS COMMUNITY MEETINGS AND PARTNERS IN EMERGENCY PREPAREDNESS PROGRAMS. WE COORDINATE WITH THE CITY OF PALO ALTO AND WITH SANTA CLARA COUNTY TO PROVIDE EMERGENCY COMMUNICATIONS AND ACT AS A BACK-UP OPERATIONAL COMMAND CENTER IN THE EVENT OF A NATURAL (OR OTHER) DISASTER. OUR COMMUNITY SUPPORTS MANY OTHER ORGANIZATIONS WITH THOUSANDS OF HOURS OF VOLUNTEER TIME. EXPENSES PERTAINING TO THESE PROGRAMS ARE NEGLIGIBLE AND COULD NOT BE REASONABLY QUANTIFIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Sheehan Chair | OfficerTrustee | 2 | $0 |
Tom Hofstedt Vice Chair | OfficerTrustee | 2 | $0 |
Robin Riddle Secretary Through 3/2023 | OfficerTrustee | 2 | $0 |
Marcia Pugsley Secretary Start 3/2023 | OfficerTrustee | 2 | $0 |
Zengyu Chen Treasurer | OfficerTrustee | 2 | $0 |
Bern Beecham Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vance Brown Inc Construction Contractor | 2/28/24 | $930,472 |
Western Allied Mechanical Inc Hvac Service Provider | 2/28/24 | $410,048 |
Provinet Solutions It Service Provider | 2/28/24 | $382,758 |
Mission Linen Supply Laundry And Linen Service Provider | 2/28/24 | $262,115 |
Convergeone Inc It Service Provider | 2/28/24 | $185,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,027 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,094 |
| Total Program Service Revenue | $25,821,526 |
| Investment income | $907,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,656 |
| Net Gain/Loss on Asset Sales | -$252,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,860,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,690 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,646,813 |
| Compensation of current officers, directors, key employees. | $771,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,317,124 |
| Pension plan accruals and contributions | $276,063 |
| Other employee benefits | $1,273,843 |
| Payroll taxes | $922,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,021 |
| Fees for services: Accounting | $71,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,476,903 |
| Advertising and promotion | $71,724 |
| Office expenses | $488,822 |
| Information technology | $236,066 |
| Royalties | $0 |
| Occupancy | $1,906,399 |
| Travel | $70,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,043 |
| Interest | $4,154,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,218,753 |
| Insurance | $530,697 |
| All other expenses | $713,839 |
| Total functional expenses | $32,155,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,677,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,216 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,210 |
| Prepaid expenses and deferred charges | $732,557 |
| Net Land, buildings, and equipment | $116,991,488 |
| Investments—publicly traded securities | $33,975,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,571 |
| Total assets | $156,595,939 |
| Accounts payable and accrued expenses | $5,083,034 |
| Grants payable | $0 |
| Deferred revenue | $55,075,639 |
| Tax-exempt bond liabilities | $95,679,533 |
| 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 | $7,236,309 |
| Total liabilities | $163,074,515 |
| Net assets without donor restrictions | -$6,966,777 |
| Net assets with donor restrictions | $488,201 |
| 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 | $156,595,939 |