Lesley Foundation
- Assets
- $72.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Half Moon Bay, CA
- Founding
- 06/1946
- Data as of
- 12/2021
- EIN
- 94-6103170
Organization Overview
Lesley Foundation is located in Half Moon Bay, CA. The organization was established in 1946. 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 12/2021, Lesley Foundation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lesley 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 12/2021, Lesley Foundation generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 6.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS FORMED (A) TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES FOR SENIOR FAMILIES AND PERSONS ON A NON-PROFIT BASIS; (B) TO PLAN, CONSTRUCT, OPERATE, MAINTAIN, REHABILITATE, ALTER, CONVERT, AND IMPROVE HOUSING FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LESLEY TOWERS, LLC - 198-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS
BONNIE BRAE TERRACE - 164-UNIT PROJECT PROVIDING LOW-INCOME HOUSINGAND FOOD SERVICES FOR SENIORS.
PILGRIM PLAZA - 56-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Evans Executive Dir. | Officer | 30 | $171,926 |
Mary Cheung Dir Of Mgmt & Ops | 40 | $110,217 | |
Nancy Amaya Deputy E.d. | Officer | 30 | $108,170 |
Galyn Evans Dir. Of Compliance | 40 | $100,323 | |
Sue Winks President | OfficerTrustee | 1.5 | $0 |
George Metropulos Vice President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gci Inc Gen'l Contractor | 12/30/21 | $1,614,605 |
Ventura Hersey & Muller Llp Legal | 12/30/21 | $164,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,117,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,120,884 |
| Total Program Service Revenue | $3,042,529 |
| Investment income | $268,247 |
| 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 | $9,471,607 |
| 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. | $280,096 |
| Compensation of current officers, directors, key employees. | $280,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,795,705 |
| Pension plan accruals and contributions | $102,986 |
| Other employee benefits | $301,271 |
| Payroll taxes | $172,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275,376 |
| Fees for services: Accounting | $43,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,958 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $214,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $904,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,403,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,438,414 |
| Insurance | $0 |
| All other expenses | $80,909 |
| Total functional expenses | $8,810,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,000 |
| Savings and temporary cash investments | $3,133,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,033,295 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,065,898 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $403,822 |
| Net Land, buildings, and equipment | $42,753,091 |
| Investments—publicly traded securities | $11,492,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,536,743 |
| Total assets | $72,424,363 |
| Accounts payable and accrued expenses | $1,506,993 |
| 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 | $55,948,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $187,524 |
| Total liabilities | $57,643,239 |
| Net assets without donor restrictions | $14,781,124 |
| 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 | $72,424,363 |
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 |