Shires Memorial Center
- Assets
- $15.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Walnut Creek, CA
- Founding
- 07/1985
- Data as of
- 03/2022
- EIN
- 94-1558214
Organization Overview
Shires Memorial Center is located in Walnut Creek, CA. The organization was established in 1985. 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 03/2022, Shires Memorial Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shires Memorial Center 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 03/2022, Shires Memorial Center generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $2.4m during the year ending 03/2022. While expenses have increased by 19.0% per year over the past 7 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
ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHIRES MEMORIAL CENTER WAS ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROVIDE LOW INCOME SENIORS WITH AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICE SPECIALLY DESIGNED TO MEET THEIR NEEDS. A TOTAL OF 105 PEOPLE WERE SERVED DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emslie Stephen Chairman | OfficerTrustee | 1 | $0 |
Mcgovern Marion Vice Chairman | OfficerTrustee | 1 | $0 |
Schaefer Ronald COO (thru 2/22) | Officer | 0.1 | $0 |
Sultan Karim VP Of Affordable Housing | Officer | 2 | $0 |
Salvador Eduardo CFO | Officer | 0.1 | $0 |
Casey Jonathan Secretary/vp Of Finance | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $522,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,000 |
| Total Program Service Revenue | $1,362,075 |
| Investment income | $184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,930,077 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,567 |
| Pension plan accruals and contributions | $22,435 |
| Other employee benefits | $28,244 |
| Payroll taxes | $16,855 |
| Fees for services: Management | $83,157 |
| Fees for services: Legal | $311 |
| Fees for services: Accounting | $23,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,009 |
| Advertising and promotion | $5,584 |
| Office expenses | $136,169 |
| Information technology | $10,853 |
| Royalties | $0 |
| Occupancy | $565,382 |
| 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 | $1,163,459 |
| Insurance | $77,552 |
| All other expenses | $6,639 |
| Total functional expenses | $2,386,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,147 |
| Savings and temporary cash investments | $112,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,972 |
| 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 | $73,334 |
| Net Land, buildings, and equipment | $13,874,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,751 |
| Total assets | $15,040,774 |
| Accounts payable and accrued expenses | $45,824 |
| 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 | $246,288 |
| Total liabilities | $292,112 |
| Net assets without donor restrictions | $14,748,662 |
| Net assets with donor restrictions | $0 |
| 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 | $15,040,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |
Midpen Property Management Corporation Foster City, CA | $4,229,808 | $16,638,795 |
Casa La Merced Inc C/O Falkenberg/Gilliam & Associates Pasadena, CA | $0 | $52,026 |
Scott Street Senior Housing Complex Incorporated San Francisco, CA | $43,555,702 | $18,828,763 |
Sun Health Colonnade Sun City West, AZ | $94,057,593 | $16,072,885 |
Palo Alto Senior Housing Project Inc Palo Alto, CA | $9,912,770 | $1,163,322 |
Christian Care Tucson Inc Phoenix, AZ | $29,450,689 | $13,520,695 |
Alma Via Of San Francisco Alameda, CA | $25,364,635 | $12,193,885 |
Seascape Senior Housing Inc Walnut Creek, CA | $1,410,799 | $12,833,123 |
Meadowbrook Village Christian Retirement Community Escondido, CA | $70,664,658 | $10,740,685 |