2024-05-23T12:55:32-05:00 2023-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2022-07-01 030594291 899 CHARLESTON 899C 6504346106 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 BEN CHAIKA CHIEF FINANCIAL OFFICER 6504346106 2024-05-23 1 BEN CHAIKA 999009999 0 MICHAEL LUMSDEN P01262236 4159561500 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MOLDAW RESIDENCES MARK BADDAS 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 14310537 0 X WWW.MOLDAW.ORG X 2006 CA TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS AND ADDRESS THE WELL-BEING OF THE RESIDENTS. 16 16 148 18 0 0 127526 82460 14106626 13499749 69089 495965 57894 232363 14361135 14310537 0 0 0 0 7016844 7305437 0 0 0 12635882 14957774 19652726 22263211 -5291591 -7952674 136462765 136006219 187823643 194688735 -51360878 -58682516 X WE SUPPORT THE HIGHEST LEVEL OF INDEPENDENCE FOR EACH INDIVIDUAL BY PROMOTING THE PURSUIT OF A HEALTHFUL LIFESTYLE AND COMMUNITY INVOLVEMENT ON OUR MULTI-GENERATIONAL CAMPUS. WE SEEK TO PRESERVE JEWISH COMMUNITY VALUES AND TRADITIONS, WHILE SERVING THE DIVERSE CULTURES AND BACKGROUNDS OF THE ENTIRE PENINSULA REGION. 0 0 19104202 0 13499749 DURING THE FISCAL YEAR, 899 CHARLESTON DBA MOLDAW RESIDENCES OPERATED A 193-UNIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING 170 UNITS FOR INDEPENDENT LIVING, 12 FOR ASSISTED LIVING, AND 11 UNITS FOR SPECIALIZED MEMORY SUPPORT. IT PROVIDED MEDICAL AND WELLNESS SERVICES, MEALS, HOUSEKEEPING SERVICES, ACTIVITIES, AND TRANSPORTATION FOR THE RESIDENTS. THERE WAS AN AVERAGE OF 193 RESIDENTS DURING THE FISCAL YEAR. 19104202 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 1 148 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BEN CHAIKA 6506901037 899 CHARLESTON ROAD PALO ALTO CA 94303 ELYSE GERSON EXEC. DIRECTOR (THROUGH 07/2023) 40.00 X 263147 0 22890 MARCUS STROHSCHEIN INT. EXEC. DIRECTOR (START 04/2023) 40.00 X 212163 0 0 INDERPREET KAUR ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 192128 0 11052 JENNY POON RESIDENCY COUNSELOR 40.00 X 164938 0 14935 ALLAIN BERNABE EXECUTIVE CHEF 40.00 X 131440 0 27554 BENJAMIN CHAIKA CHIEF FINANCIAL OFFICER 40.00 X 149363 0 2609 ARIELLE HENDEL FUND DEVELOPMENT DIRECTOR 40.00 X 138977 0 5285 KATHYA RAVELLO DIRECTOR OF HUMAN RESOURCES 40.00 X 111266 0 30138 J MANUEL LOPEZ DIRECTOR OF PLANT OPERATIONS 40.00 X 110809 0 28806 GINA ROSENFIELD CHAIR 1.00 X X 0 0 0 MARLENE LEVENSON VICE-CHAIR 1.00 X X 0 0 0 STEVE MONOSSON SECRETARY 1.00 X X 0 0 0 EFRAT KASZNIK TREASURER 1.00 X X 0 0 0 NORM BERKMAN DIRECTOR 1.00 X 0 0 0 RITA GHATAK DIRECTOR 1.00 X 0 0 0 TONY KLEIN DIRECTOR 1.00 X 0 0 0 CAROLE KUSHNIR DIRECTOR 1.00 X 0 0 0 LARRY MARKS DIRECTOR 1.00 X 0 0 0 NICOLE LANCE DIRECTOR 1.00 X 0 0 0 CAROL ROBERTS DIRECTOR 1.00 X 0 0 0 NANCY ROSSEN DIRECTOR 1.00 X 0 0 0 ALEX ROZENFELD DIRECTOR 1.00 X 0 0 0 RIC RUDMAN DIRECTOR 1.00 X 0 0 0 JEFFREY SOSNICK DIRECTOR 1.00 X 0 0 0 DAVID STEIRMAN DIRECTOR 1.00 X 0 0 0 1474231 0 143269 11 0 1 1 LIFE CARE SERVICES LLC 400 LOCUST STREET DES MOINES IA 503092334 MANAGEMENT/ADMINISTRATIVE SERVICES 1565334 ALL ABOUT PARKING 100 S ELLSWORTH AVENUE SUITE 203 SAN MATEO CA 94401 VALET PARKING SERVICES 316545 VARSITY MARKETING LLC 532 N FRONT ST SUITE 200 WORMLEYSBURG PA 17043 MARKETING SERVICES 242335 EXIGENCY HEALTHCARE SERVICES LLC 4041 MAISON LANE TRACY CA 95377 HEALTHCARE STAFFING 241835 DATAVIZION LLC 5760 CORNHUSKER HWY 3 LINCOLN NE 68507 IT SERVICES 240082 10 82460 9211 82460 RESIDENT FEES 623000 13033244 13033244 AMORT OF ENTRANCE FEES 623000 436223 436223 OTHER OPERATING REV 623000 30282 30282 13499749 495965 495965 15546 0 15546 15546 15546 MISCELLANEOUS REVENUE 900099 216817 216817 216817 14310537 13499749 0 728328 811446 163120 648326 5192093 5040647 151446 53590 53590 852376 667074 185302 395932 307846 88086 29383 29383 170842 8300 162542 1423271 931441 491830 219697 216417 3280 184953 4898 180055 237595 237595 977163 976902 261 101921 44365 57556 18905 18905 3590895 3590895 4905810 4905810 617481 617481 FOOD COSTS 880608 880608 REPAIRS & MAINTENANCE 487999 487999 MEDICAL SUPPLIES 256513 256513 PROFESSIONAL DUES & FEE 202093 198598 3495 652645 350274 302371 22263211 19104202 3159009 0 1659128 8864008 24535702 19426572 342558 49191 5244 904664 22492 22492 160786 290340 154506509 57196338 100840564 97310171 8896291 9138781 136462765 136006219 1121270 1508562 7351928 10585560 64186285 63156227 4675265 4803160 110488895 114635226 187823643 194688735 X -59841564 -67355012 8480686 8672496 -51360878 -58682516 136462765 136006219 X -7952674 -19683 650719 X 0 1 X 1 0 X 350498 110322 1194872 127526 82460 1865678 15763100 16206917 15604879 14106626 13499749 75181271 16113598 16317239 16799751 14234152 13582209 77046949 20530 71071 243762 71788 71917 479068 0 20530 71071 243762 71788 71917 479068 76567881 242764 274775 59228 91667 511511 1179945 242764 274775 59228 91667 511511 1179945 140150 158917 35316 216817 551200 16356362 16732164 17017896 14361135 14310537 78778094 0.97190 0.98060 0.01500 0.01010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 140,150. 2020 AMOUNT: $ 158,917. 2021 AMOUNT: $ 35,316. 2022 AMOUNT: $ 216,817. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8221046 650719 541369 8330396 9502395 -1144737 136612 8221046 8089314 1523780 110699 9502395 7746850 342464 8089314 7404415 342435 7746850 0.00000 0.57820 0.42180 0 0 13118538 13118538 130814785 48799228 82015557 9741230 7788132 1953098 831956 608978 222978 97310171 BENEFICIAL INTEREST IN JHSLF 8330396 DEPOSITS HELD BY HOME OWNERS ASSOCIATION 808385 9138781 REFUNDABLE DEPOSITS 740765 REFUNDABLE ENTRANCE FEES 113894461 114635226 X 14941573 -19683 650719 631036 14310537 0 14310537 22263211 0 22263211 0 22263211 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT FOR RESIDENTS OF MOLDAW RESIDENCES OR ACCEPTED APPLICANTS WHO CANNOT AFFORD A PORTION OF EITHER THE ENTRY FEE OR THE CONTINUING MONTHLY COSTS, AND INCLUDES ACCUMULATED EARNINGS THEREON THAT HAVE NOT YET BEEN EXPENDED. PART X, LINE 2: U.S. GAAP REQUIRES THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE ORGANIZATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN JHSLF 650,719. X 0 0 0 0 0 0 0 0 0 ELYSE GERSON EXEC. DIRECTOR (THROUGH 07/2023) 263147 0 0 0 0 0 9105 0 13785 0 286037 0 0 0 MARCUS STROHSCHEIN INT. EXEC. DIRECTOR (START 04/2023) 212163 0 0 0 0 0 0 0 0 0 212163 0 0 0 INDERPREET KAUR ASSOCIATE EXECUTIVE DIRECTOR 192128 0 0 0 0 0 3640 0 7412 0 203180 0 0 0 JENNY POON RESIDENCY COUNSELOR 164938 0 0 0 0 0 5854 0 9081 0 179873 0 0 0 ALLAIN BERNABE EXECUTIVE CHEF 131440 0 0 0 0 0 3366 0 24188 0 158994 0 0 0 BENJAMIN CHAIKA CHIEF FINANCIAL OFFICER 149363 0 0 0 0 0 1945 0 664 0 151972 0 0 0 FORM 990, PART VII, SECTION A, LINE 5: DURING THE 2022 CALENDAR YEAR, THE ORGANIZATION'S PAYROLL WAS PROCESSED (AND FORM W-2S WERE ISSUED) THROUGH LIFE CARE SERVICES LLC (THE ORGANIZATION'S MANAGEMENT COMPANY AND UNRELATED ORGANIZATION) AND AFFILIATES. A CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY 680164610 2014-11-20 81435953 REFINANCING OF EXISTING BOND AND TERM LOAN DEBT 0 0 0 A 6955000 81435953 4422036 1448074 75565843 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/06/2019 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A CONTRACT WITH LIFE CARE SERVICES FOR MANAGEMENT OF THE COMMUNITY. UNDER THE TERMS OF THE AGREEMENT, LIFE CARE SERVICES SUPERVISES THE OPERATIONS OF THE COMMUNITY. DURING THE JUNE 30, 2023 TAX YEAR, THE ORGANIZATION PAID $588,731 FOR MANAGEMENT AND MARKETING SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE STAFF. MANAGEMENT OF THE ORGANIZATION THEN REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY UNRESOLVED QUESTIONS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES REVIEWS AND DETERMINES IF ANY CONFLICTS OF INTEREST EXIST AND TAKES THE APPROPRIATE ACTION AS OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, WHICH INCLUDES RECUSAL FROM ANY DECISION-MAKING PROCESS INVOLVING A CONFLICTED INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FISCAL YEAR, INDEPENDENT REPRESENTATIVES OF THE MANAGEMENT COMPANY OVERSEEING OPERATIONS OF THE ORGANIZATION REVIEWED AND APPROVED THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR AND CFO BASED ON COMPENSATION SURVEYS AND STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN JHSLF 650,719.