Northern California Congregational Retirement Homes Inc
- Assets
- $99.6m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 169
- Location
- Carmel, CA
- Founding
- 11/1977
- Data as of
- 12/2023
- EIN
- 94-6050476
Organization Overview
Northern California Congregational Retirement Homes Inc is located in Carmel, CA. The organization was established in 1977. 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 12/2023, Northern California Congregational Retirement Homes Inc employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern California Congregational Retirement Homes 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 12/2023, Northern California Congregational Retirement Homes Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $25.2m during the year ending 12/2023. While expenses have increased by 5.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY LIFE CARE FOR OLDER ADULTS IN A SAFE, ATTRACTIVE, AND CONGENIAL ENVIRONMENT, WHERE RESIDENTS CAN LIVE AND ENJOY AN ACTIVE AND SOCIALLY RESPONSIBLE ROLE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARMEL VALLEY MANOR IS LOCATED IN CARMEL VALLEY, CALIFORNIA. WITH 28 ACRES OF HILLSIDE LANDSCAPE AND GARDENS, THE ORGANIZATION PROVIDES SENIOR RETIREMENT LIVING WITH A LIFECARE OPTION THAT INCLUDES A MULTI-DIMENSIONAL AND HOLISTIC APPROACH TO LIFE. THE MANORS PHILOSOPHY INCLUDES THE DIMENSIONS OF SOCIAL, EMOTIONAL, SPIRITUAL, ENVIRONMENTAL, INTELLECTUAL AND PHYSICAL WELLNESS. THE FACILITY CONSISTS OF 146 INDEPENDENT LIVING RESIDENCES, 24 ASSISTED LIVING UNITS AND 36 MEDICAL CENTER ROOMS. RESIDENCE, MEALS AND MOST MEDICAL CARE AND MISCELLANEOUS SERVICES WERE PROVIDED TO APPROXIMATELY 216 RESIDENTS IN 2023. THE MANOR HAS OVER 150 SKILLED AND WELL TRAINED EMPLOYEES FOCUSED ON CREATING A CARING AND SUPPORTIVE COMMUNITY HELPING SENIORS CONTINUE PURPOSEFUL AND DIGNIFIED LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Zimmer President & CEO | Officer | 40 | $380,744 |
Ann-Elise Emerson CFO | Officer | 40 | $230,145 |
Christine Regan Health Services Director | 40 | $190,711 | |
Efren Amancio Registered Nurse | 40 | $146,362 | |
Gregory Hiltunen Culinary Services Director | 40 | $132,532 | |
Kelly Urquides Registered Nurse | 40 | $125,194 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Otto Construction Construction Services | 12/30/23 | $3,976,089 |
Coreworks Housekeeping Services | 12/30/23 | $1,197,408 |
Steve Milne Construction Construction Services | 12/30/23 | $2,336,892 |
Monterey Peninsula Engineering Construction Services | 12/30/23 | $5,591,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $906,862 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,612 |
| Total Program Service Revenue | $21,575,624 |
| Investment income | $1,369,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,904,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,227 |
| 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. | $679,505 |
| Compensation of current officers, directors, key employees. | $679,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,884,202 |
| Pension plan accruals and contributions | $176,842 |
| Other employee benefits | $2,381,824 |
| Payroll taxes | $692,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,437 |
| Fees for services: Accounting | $77,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,423 |
| Fees for services: Other | $1,683,224 |
| Advertising and promotion | $88,063 |
| Office expenses | $59,385 |
| Information technology | $85,606 |
| Royalties | $0 |
| Occupancy | $1,447,496 |
| Travel | $40,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,058 |
| Interest | $2,012,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,224,898 |
| Insurance | $1,243,036 |
| All other expenses | $549,074 |
| Total functional expenses | $25,172,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,851 |
| Savings and temporary cash investments | $962,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $275,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,053,385 |
| Net Land, buildings, and equipment | $54,524,301 |
| Investments—publicly traded securities | $41,967,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,841 |
| Total assets | $99,599,281 |
| Accounts payable and accrued expenses | $3,060,949 |
| Grants payable | $0 |
| Deferred revenue | $39,434,324 |
| Tax-exempt bond liabilities | $36,495,942 |
| 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 | $1,450,337 |
| Total liabilities | $80,441,552 |
| Net assets without donor restrictions | $18,816,040 |
| Net assets with donor restrictions | $341,689 |
| 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 | $99,599,281 |