Kokoro Assisted Living Inc
- Assets
- $8.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 57
- Location
- San Francisco, CA
- Founding
- 09/1998
- Data as of
- 09/2021
- EIN
- 94-3271217
Organization Overview
Kokoro Assisted Living Inc is located in San Francisco, CA. The organization was established in 1998. 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 09/2021, Kokoro Assisted Living Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kokoro Assisted Living 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 09/2021, Kokoro Assisted Living Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.3m during the year ending 09/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING HOUSING SERVICES TO PROMOTE AND ENHANCE THE INDEPENDENCE AND SECURITY OF OLDER ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AN ASSISTED LIVING SENIOR HOUSING FACILITY PRIMARILY FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS. THE FACILITY HAS 54 UNITS, OF WHICH 37 ARE FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Morrow Treasurer | OfficerTrustee | 5 | $0 |
Sharon Yow Vice President | OfficerTrustee | 2 | $0 |
Rodney Chin President | OfficerTrustee | 2 | $0 |
Naoko Jones Executive Dir. | Officer | 40 | $0 |
Megumi Aihara Board Member | Trustee | 2 | $0 |
Gary Barbaree Board Member | Trustee | 2 | $0 |
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 | $307,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,205 |
| Total Program Service Revenue | $2,579,089 |
| Investment income | $88,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $255,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,230,433 |
| 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 | $1,421,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,714 |
| Payroll taxes | $109,738 |
| Fees for services: Management | $112,258 |
| Fees for services: Legal | $8,705 |
| Fees for services: Accounting | $24,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,235 |
| Advertising and promotion | $6,479 |
| Office expenses | $61,958 |
| Information technology | $368 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,201 |
| Interest | $224,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,982 |
| Insurance | $80,920 |
| All other expenses | $5,380 |
| Total functional expenses | $3,332,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $883 |
| 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 | $23,862 |
| Net Land, buildings, and equipment | $5,316,493 |
| Investments—publicly traded securities | $3,127,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $399,175 |
| Total assets | $8,928,213 |
| Accounts payable and accrued expenses | $361,990 |
| Grants payable | $0 |
| Deferred revenue | $64,512 |
| 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 | $4,129,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,915,665 |
| Total liabilities | $9,471,484 |
| Net assets without donor restrictions | -$585,022 |
| Net assets with donor restrictions | $41,751 |
| 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 | $8,928,213 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kokoro Assisted Living Inc has recieved totaling $5,362.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $262 |
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 |