Casa Colina Centers For Rehabilitation Foundation
- Assets
- $143.0m
- Revenue
- $6.3m
- Investments
- $462.9k
- Employees
- 20
- Location
- Pomona, CA
- Founding
- 03/1982
- Data as of
- 03/2023
- EIN
- 95-3655255
Organization Overview
Casa Colina Centers For Rehabilitation Foundation is located in Pomona, CA. The organization was established in 1982. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 03/2023, Casa Colina Centers For Rehabilitation Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Colina Centers For Rehabilitation 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 03/2023, Casa Colina Centers For Rehabilitation Foundation generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $11.8m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Casa Colina Centers For Rehabilitation Foundation has awarded 15 individual grants totaling $12,708,460. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CASA COLINA CENTERS FOR REHABILTATION FOUNDATION'S MISSION IS TO OPTIMIZE MEDICAL RECOVERY AND REHABILITATION OUTCOMES FOR ALL PATIENTS IN A SAFE ENVIRONMENT THAT RESPECTS THEIR DIGNITY, DIVERSITY, AND INDIVIDUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTRICTED AND UNRESTRICTED FUNDS TRANSFERRED TO AFFILIATED TAX-EXEMPT CORPORATIONS FOR THE PROVISION OF CHARITY CARE SERVICES AND COMMUNITY BENEFITS TO INDIVIDUALS WHO OTHERWISE HAD NO OTHER SOURCE OF INCOME TO PAY FOR NEEDED REHABILITATION, OR SUPPORT SERVICES PROVIDED SUBSEQUENT TO COMPLIANCE WITH DONOR RESTRICTIONS. ALSO, TO FUND PROGRAMS INVOLVED IN AREAS SUCH AS AUTISM, PREVENTATIVE MEDICINE, WOUND CARE, HEALTH AND WELLNESS AND PROGRAMS WHICH ASSIST INDIVIDUALS WHO HAVE SUFFERED BRAIN AND OTHER TRAUMATIC INJURIES IN DEVELOPING SELF-ESTEEM THROUGH RECREATIONAL ACTIVITIES. GRANTS ALSO INCLUDED FUNDS TRANSFERRED TO AFFILIATED TAX-EXEMPT CORPORATIONS FOR COVID-19 DIRECT COSTS.
RENTAL OF OFFICE SPACE TO AFFILIATED TAX EXEMPT CORPORATIONS: CASA COLINA HOSPITAL AND CENTERS FOR HEALTHCARE AND CASA COLINA, INC.
EXPLORATION, ANALYSIS AND RESEARCH OF HOSPITAL-BASED OUTPATIENT PHYSICAL (INCLUDING SPECIALTY CLINICS: PAIN MANAGEMENT, MULTIPLE SCLEROSIC AND VESTIBULAR), OCCUPATIONAL AND SPEECH THERAPY PROGRAMS SERVED WITHIN THE COMMUNITY. EXPENSES INCLUDE SALARIES, BENEFITS, CONSULTING, PROFESSIONAL FEES, ADVERTISING, MARKETING AND SUPPLIES. REVENUES FROM GAMING REVENUE FROM RAFFLES AND RELATED EVENTS ARE USED TO OFFSET THE AMOUNT OF OTHER DONATIONS REQUIRED TO FUND THESE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felice Loverso Thru 223 President & CEO | OfficerTrustee | 8 | $0 |
David Morony CFO | Officer | 8 | $0 |
Debbie Walsh COO | Officer | 8 | $0 |
Bonnie Scudder Chf. P & D Officer | 34 | $0 | |
Erika Armstrong Executive Assitant | 27 | $0 | |
Mary Koenig Dir. Fund Develop. | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Investment Advisor | 3/30/23 | $452,495 |
Lederhaus Md & Disney Md & Rodriguez Md Physician Services | 3/30/23 | $503,090 |
Kaufman Hall & Associatees Consulting | 3/30/23 | $103,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $940,205 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,582,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,522,709 |
| Total Program Service Revenue | $933,411 |
| Investment income | $2,729,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$553,706 |
| Net Income from Fundraising Events | -$317,067 |
| Net Income from Gaming Activities | $20,919 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,335,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,183,225 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,918 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $419,970 |
| Fees for services: Other | $955,745 |
| Advertising and promotion | $94,211 |
| Office expenses | $148,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $973,277 |
| Travel | $129,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $237,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $678,867 |
| Insurance | $10,190 |
| All other expenses | $26,160 |
| Total functional expenses | $11,791,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,629,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,684 |
| 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 | $1,027,616 |
| Net Land, buildings, and equipment | $9,295,024 |
| Investments—publicly traded securities | $117,226,024 |
| Investments—other securities | $462,867 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,064,281 |
| Total assets | $142,950,946 |
| Accounts payable and accrued expenses | $101,723,536 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,374,310 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $580,092 |
| Total liabilities | $112,683,431 |
| Net assets without donor restrictions | $24,509,791 |
| Net assets with donor restrictions | $5,757,724 |
| 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 | $142,950,946 |
Grants Awarded
Over the last fiscal year, Casa Colina Centers For Rehabilitation Foundation has awarded $4,183,225 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CASA COLINA CENTERS FOR REHAB PURPOSE: Charity/Donation | $402,705 |
CASA COLINA COMPREHENSIVE OUT PURPOSE: Subsidy/Donation | $80,444 |
CASA COLINA HOSPITAL AND CENT PURPOSE: Charity/Research | $2,347,204 |
CASA COLINA INC PURPOSE: Subsidy/Donation | $1,124,444 |
PADUA VILLAGE PURPOSE: Subsidy/Donation | $228,428 |