Front Porch Communities And Services
- Assets
- $821.8m
- Revenue
- $196.5m
- Investments
- $0.0
- Employees
- 2,452
- Location
- Glendale, CA
- Founding
- 10/1998
- Data as of
- 03/2022
- EIN
- 95-4538269
Organization Overview
Front Porch Communities And Services is located in Glendale, 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 03/2022, Front Porch Communities And Services employed 2,452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Front Porch Communities And Services 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, Front Porch Communities And Services generated $196.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $303.3m during the year ending 03/2022. While expenses have increased by 12.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRONT PORCH PROVIDES HOUSING AND CARE SERVICES FOR RESIDENTS OF RETIREMENT HOMES AND SKILLED NURSING
Describe the Organization's Program Activity:
FRONT PORCH OWNS AND OPERATES CONTINUING CARE RETIREMENT COMMUNITIES, OTHER MULTILEVEL RETIREMENT COMMUNITIES AND OTHER OPERATIONS PROVIDING SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR THOSE SERVED THROUGH INDEPENDENT RETIREMENT LIVING, ASSISTED LIVING, SKILLED NURSING, SOCIAL SERVICES, AFFORDABLE HOUSING AND CONTRACT MANAGEMENT OF SUBSIDIZED HOUSING. THROUGH OUR AFFORDABLE HOUSING SUBSIDIARY CARING HOUSING MINISTRIES, WE SERVE THOUSANDS OF RESIDENTS AT COMMUNITIES THROUGHOUT THE WESTERN UNITED STATES. WE STRIVE TO CREATE SAFE AND COMFORTABLE PLACES THAT OUR RESIDENTS FEEL PROUD TO CALL HOME. OUR MISSION IS TO TAILOR OUR SERVICES TO OUR RESIDENTS, TREATING THEM AS PEOPLE RATHER THAN TENANTS. WE UNDERSTAND THE SOMETIMES-DIFFICULT CIRCUMSTANCES OF THOSE WE SERVE AND LOOK TO MEETING THEIR NEEDS WHILE PRESERVING THEIR DIGNITY. WE SERVE LOW-INCOME FAMILIES WITH CHILDREN WHO OFTEN REQUIRE FAR MORE THAN A ROOF OVER THEIR HEADS. WE REACH OUT INTO THE COMMUNITY TO COLLABORATE WITH OTHERS TO TEACH PARENTING AND BASIC ENGLISH, AND HELP LOOK FOR JOBS AND PROVIDE SECURE TRANSPORTATION. WE ALSO PARTNER WITH OUTSIDE GROUPS TO BRING GRANT MONEY TO ELDERLY RESIDENTS IN ORDER TO MINIMIZE THEIR FINANCIAL RISK AND IMPROVE THEIR ACCESS TO TRANSPORTATION, SOCIALIZATION, ACTIVITIES OF DAILY LIVING, AND MEDICAL CARE. MANY OF OUR COMMUNITIES HAVE SPECIAL DESIGN FEATURES TO ACCOMMODATE SIGHT-, MOBILITY-, AND HEARING-IMPAIRED RESIDENTS - A RARITY IN AFFORDABLE HOUSING COMMUNITIES. WE'VE ALSO JOINED TOGETHER WITH ANOTHER NOT-FOR-PROFIT ORGANIZATION, THE HOMES FOR LIFE FOUNDATION, TO BRING IN NEEDED SERVICES AND CASE MANAGEMENT FOR RESIDENTS WITH CHRONIC MENTAL ILLNESS, ENABLING THEM TO LIVE INDEPENDENTLY INSTEAD OF BEING INSTITUTIONALIZED OR LIVING ON THE STREETS.
EACH YEAR, THE CORPORATION PROVIDES SERVICES TO RESIDENTS WITH LIMITED MEANS AND BENEFITS TO THE BROADER COMMUNITY.
FRONT PORCH ACCEPTS MEDI-CAL PATIENTS FOR WHICH IT IS REIMBURSED AT AMOUNTS NOT SUFFICIENT TO FULLY COVER THE COST OF HEALTH CARE SERVICES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Woodward Chief Executive Officer | Officer | 11 | $1,032,702 |
Eduardo Salvador Chief Financial Officer | Officer | 11 | $543,764 |
Diana Jamison Chief Capital Strategies Offic | 12 | $500,719 | |
Ronald Schaefer COO - End:feb 2022 | Officer | 12 | $490,744 |
Kari Olson Cio | Officer | 14 | $478,264 |
Joseph Butler Secretary | Officer | 17 | $471,771 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehab Alliance Physical Therapy | 3/30/22 | $2,076,785 |
Jj Building Company Inc Construction Svcs | 3/30/22 | $2,356,649 |
Deloitte Consulting Llp Consulting Services | 3/30/22 | $3,120,000 |
Netpros Technologies Inc It Services | 3/30/22 | $3,287,976 |
Baltadano Construction Inc Construction Svcs | 3/30/22 | $2,255,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $104,432 |
| Government grants | $1,385,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,580,250 |
| Total Program Service Revenue | $156,173,059 |
| Investment income | $11,990,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,633,415 |
| Net Gain/Loss on Asset Sales | $29,323,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,510,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,200,139 |
| 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. | $3,904,856 |
| Compensation of current officers, directors, key employees. | $2,170,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,648,369 |
| Pension plan accruals and contributions | $1,596,054 |
| Other employee benefits | $14,869,974 |
| Payroll taxes | $4,499,535 |
| Fees for services: Management | $303 |
| Fees for services: Legal | $1,032,036 |
| Fees for services: Accounting | $403,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,235,998 |
| Fees for services: Other | $8,048,731 |
| Advertising and promotion | $1,966,077 |
| Office expenses | $7,867,919 |
| Information technology | $726,848 |
| Royalties | $0 |
| Occupancy | $7,464,677 |
| Travel | $682,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,166,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,730,288 |
| Insurance | $3,156,591 |
| All other expenses | $11,738,184 |
| Total functional expenses | $303,296,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,376,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,660,003 |
| 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 | $3,631,826 |
| Net Land, buildings, and equipment | $315,535,683 |
| Investments—publicly traded securities | $356,658,784 |
| Investments—other securities | $0 |
| Investments—program-related | $24,705,144 |
| Intangible assets | $0 |
| Other assets | $105,200,883 |
| Total assets | $821,769,118 |
| Accounts payable and accrued expenses | $24,691,137 |
| Grants payable | $0 |
| Deferred revenue | $147,201,458 |
| Tax-exempt bond liabilities | $321,713,378 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $105,615,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,417,569 |
| Total liabilities | $613,639,445 |
| Net assets without donor restrictions | $207,044,575 |
| Net assets with donor restrictions | $1,085,098 |
| 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 | $821,769,118 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Front Porch Communities And Services has recieved totaling $46,028.
| Awarding Organization | Amount |
|---|---|
Consumer Technology Association Foundation Arlington, VA PURPOSE: Grant | $40,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Front Porch Communities And Services Glendale, CA | $821,769,118 | $196,510,411 |
Front Porch Communities Operating Group Llc Glendale, CA | $0 | $63,438,130 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Kahala Senior Living Community Inc Honolulu, HI | $275,964,895 | $44,365,985 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |