2019-05-14T16:11:42-05:00 2018-06-30 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2017-07-01 270707394 MONTECEDRO INC MONT 6264035400 605 E HUNTINGTON DRIVE NO 207 MONROVIA CA 91016 JAMES S ROTHROCK PRESIDENT & CEO 6264035400 2019-05-10 1 LAUREN A HAVERLOCK P00545829 3104770450 2019-05-10 12.129.7.100 2019-05-10 19:18:49 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 41F3D51277C721D7E64869098416E4BAA04E310D 2017 2019-02-21 02:37:17Z JAMES S ROTHROCK 605 E HUNTINGTON DRIVE NO 207 MONROVIA CA 91016 21898825 0 X WWW.MONTECEDRO.ORG X 2009 CA MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY,AND OTHERWISE PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDERADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPTPURPOSES. MCINC OPERATES A CONTINUING CARE RETIREMENT COMMUNITY(CCRC) IN ALTADENA, CALIFORNIA (MONTECEDRO) CONSISTING OFRESIDENTIAL AND ASSISTED LIVING. MCINC IS ORGANIZED AS A NONPROFITCORPORATION UNDER THE GENERAL NONPROFIT CORPORATION LAWS OFTHE STATE OF CALIFORNIA. MONTECEDRO OPENED DECEMBER 16, 2015. 7 6 145 47 0 1428 0 14442 11995528 15693608 44807 751193 478939 200298 12519274 16659541 0 0 0 0 4697174 6090271 0 0 17812 12503173 13735791 17200347 19826062 -4681073 -3166521 186120152 194952175 181102740 185100905 5017412 9851270 X MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNEDFOR OLDER ADULTS(MONTECEDRO), WITH ARRANGEMENTS FORRESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TOPROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS,PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPTPURPOSES. 0 0 17231293 15890502 MC INC. WAS CREATED TO OPERATE HOUSING SPECIALLY DESIGNEDFOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENT'S HEALTH CARE ANDFINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVETHE NEEDS OF OLDER ADULTS. 17231293 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 1 0 0 0 1 38 0 1 145 1 1 1 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TYRA SHERMAN 6264035400 605 E HUNTINGTON DRIVE STE 207 MONROVIA CA 91016 JAMES ROTHROCK PRESIDENT & CEO 12.00 28.00 X X 0 452552 59873 ROBERT A LONG DIRECTOR, CHAIR 3.00 X X 0 0 0 ALLEN MATHIES DIRECTOR/VICE CHAIR/TREASU 1.00 X X 0 0 0 BEN LEMON DIRECTOR, SECRETARY 1.00 X X 0 0 0 RICHARD FLORES DIRECTOR 1.00 X 0 0 0 TIM HARTLEY DIRECTOR 1.00 X 0 0 0 GWEN WHITSON DIRECTOR 1.00 X 0 0 0 TYRA SHERMAN VP FINANCE & CFO 12.00 28.00 X 0 191701 40863 STACIE OCAMPO VP HUMAN RESOURCES 10.00 30.00 X 0 230574 43715 TERRY QUIGLEY VP OPERATIONS & COO 10.00 30.00 X 0 363531 48178 BARBARA CALDERONE VP RISK MGMT & EDUCATION 10.00 30.00 X 0 198707 40100 SHARON PEWTRESS EXECUTIVE DIRECTOR 8.00 32.00 X 0 174277 31636 KRISTA NAY EXECUTIVE DIRECTOR 10.00 30.00 X 0 203415 35268 DAVID WEIDERT EXECUTIVE DIRECTOR 40.00 X 208399 0 33314 RUBEN ALVARADO DIRECTOR SALES & MARKETING 40.00 X 103839 0 11460 312238 1814757 344407 2 0 1 0 MORRISON PO BOX 102289 ATLANTA GA 30368 CATERING 1202465 SAN MARINO HOME HEALTH 2233 HUNTINGTON DR SUITE 3 SAN MARINO CA 91108 CONTRACT LABOR 360012 NEW IMAGE PO BOX 40443 PASADENA CA 91114 CONTRACT SERVICES 271870 CORPUZ PINEDA STAFFING SERVICES INC 4215 PORTOLA AVENUE LOS ANGELES CA 90032 CONTRACT LABOR 237493 CASTLEROCK DESIGN GROUP INC 2501 MARGARET DR SUITE A NEWPORT BEACH CA 92663 DESIGN 173227 5 14442 14442 RESIDENT CARE FEES 623000 11901636 11901636 AMORT OF ENTRANCE FEES 721000 2351631 2351631 ANCILLARY SERVICES 623990 1440341 1440341 15693608 633055 633055 3404 0 3404 3404 3404 5357422 5239284 118138 118138 118138 OTHER INCOME 900099 196894 196894 196894 16659541 15890502 0 754597 260196 72476 174956 12764 4181091 3601855 574188 5048 158891 132178 26713 1138714 1012592 126122 351379 306180 45199 18698 18698 36731 36731 78244 78244 312399 312399 11876 11876 20924 5566 15358 27472 8915 18557 2249918 2139593 110325 5021235 5021235 211000 211000 ALL OTHER EXPENSES 2198759 921522 1277237 PURCHASED SERVICES OTHE 2015965 1989519 26446 AMORTIZATION 1126487 1126487 SUPPLIES 406083 369776 36307 19826062 17231293 2576957 17812 17918222 5835895 222783 260907 61937 73096 114625 137359 161157681 12415637 153092423 148742044 0 25366307 0 1353622 2343292 2256234 12366870 10926711 186120152 194952175 793322 803322 110883947 121666379 48258672 48240833 21166799 14390371 181102740 185100905 X 4942460 9774789 34297 35826 40655 40655 5017412 9851270 186120152 194952175 X -3166521 72787 7927592 X 0 1 X 1 0 X 314401 14442 328843 13200 2527698 11995528 15693608 30230034 327601 2527698 11995528 15708050 30558877 0 0 0 30558877 867215 669927 42541 52946 636459 2269088 867215 669927 42541 52946 636459 2269088 67005 466559 196894 730458 1194816 669927 2637244 12515033 16541403 33558423 0.91060 0.83180 0.06760 0.13900 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 10,507. 2016 AMOUNT: $ 14,112. 2017 AMOUNT: $ 196,894. SERVICE INCOME - 2015 AMOUNT: $ 56,498. 2016 AMOUNT: $ 452,447. 2017 AMOUNT: $ 0. SCHEDULE A, PART IV SUPPLEMENTARY INFORMATION: THE ORGANIZATION HAS RECEIVED ITS EXEMPTION AS A SUPPORTING ORGANIZATION AND COMPLETES THE SCHEDULE A, PART III TEST TO SHOW THAT IT IS PUBLIC SUPPORTED. 27131901 450961 27496874 85988 33476058 257095 2541844 9007616 135480 27131901 17289427 17289427 138692214 11326741 127365473 5176040 1088896 4087144 148742044 COSTS OF ACQUIRING INITIAL CONTINUING CARE CONTRACTS 7333484 RESTRICTED CASH AND CASH EQUIVALENTS FOR BOND INDENTURE 3306190 INTEREST IN RELATED PARTIES' NET ASSETS 224590 WORKERS COMPENSATION COLLATERAL 61739 DUE FROM RELATED PARTIES 708 10926711 INTEREST PAYABLE 272588 OTHER CURRENT LIABILITIES 653796 OBLIGATION OF FUTURE SERVICE AND FACILITY USE 11042000 NOTE PAYABLE TO RELATED PARTY 2421987 14390371 X 16691049 31508 31508 16659541 0 16659541 11929978 -7896084 -7896084 19826062 0 19826062 PART X, LINE 2: MCINC IS ORGANIZED AS A NONPROFIT CORPORATION UNDER THE GENERAL NONPROFIT CORPORATION LAWS OF THE STATE OF CALIFORNIA AND IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER IRC SECTION 501(C)(3). MCINC IS CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). NONPROFIT ORGANIZATIONS ARE GENERALLY NOT LIABLE FOR TAXES ON INCOME; THEREFORE, NO PROVISION IS MADE FOR SUCH TAXES IN THE FINANCIAL STATEMENTS, IN ACCORDANCE WITH U.S. GAAP. MCINC CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY ANTICIPATE ACTUAL OUTCOMES. MCINC EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS IN CONFORMITY WITH U.S. GAAP. THESE STANDARDS REQUIRE MANAGEMENT TO PERFORM AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING MCINC'S TAX RETURNS. MANAGEMENT BELIEVES THE TAX POSITIONS TAKEN MORE LIKELY THAN NOT WILL BE SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF MCINC AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE TAXING AUTHORITIES WILL NOT CHALLENGE MCINC'S TAX RETURNS, OR THAT MCINC WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, MCINC'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL TAX EXAMINATION AND FOUR YEARS FOR STATE TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 31,508. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES/FACILITIES -7,896,084. X X X X X 0 0 0 0 0 0 0 1 0 JAMES ROTHROCK PRESIDENT & CEO 0 415242 0 36500 0 810 0 46350 0 13523 0 512425 0 0 TYRA SHERMAN VP FINANCE & CFO 0 162868 0 28833 0 0 0 27432 0 13431 0 232564 0 0 STACIE OCAMPO VP HUMAN RESOURCES 0 202122 0 27997 0 455 0 31505 0 12210 0 274289 0 0 TERRY QUIGLEY VP OPERATIONS & COO 0 306140 0 54875 0 2516 0 41685 0 6493 0 411709 0 0 BARBARA CALDERONE VP RISK MGMT & EDUCATION 0 183636 0 13271 0 1800 0 28616 0 11484 0 238807 0 0 SHARON PEWTRESS EXECUTIVE DIRECTOR 0 167985 0 6000 0 292 0 25513 0 6123 0 205913 0 0 KRISTA NAY EXECUTIVE DIRECTOR 0 173220 0 29364 0 831 0 25139 0 10129 0 238683 0 0 DAVID WEIDERT EXECUTIVE DIRECTOR 187658 0 20741 0 0 0 28202 0 5112 0 241713 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID MARKETING INCENTIVES BASED ON OCCUPANCY. THE ORGANIZATION ALSO PROVIDED A FINANCIAL INCENTIVE FOR KEY LEADERSHIP TO IMPROVE OPERATIONAL PERFORMANCE, RESIDENT SATISFACTION, EMPLOYEE SATISFACTION, QUALITY OF CARE AND PURSUE INNOVATION. A LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150866 2014-06-01 44805000 PROJECT FINANCING 0 0 0 A 44805000 3652081 2883773 1562139 36707007 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/12/2018 FORM 990, PART VI, SECTION A, LINE 6 MONTECEDRO, INC. IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED WITH A SOLE CONTROLLING MEMBER, EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS, A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF MONTECEDRO INC. HAS THE RIGHT TO ELECT THE BOARD OF DIRECTORS AS WELL AS APPOINT THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER OF THE MONTECEDRO, INC. HAS RESERVED THE RIGHT TO MAKE ALL HIGH LEVEL GOVERNANCE DECISIONS SUCH AS APPROVAL OF INDEBTEDNESS, REAL PROPERTY TRANSACTIONS, MISSION AND LONG RANGING PLANNING, AS WELL AS THE APPOINTMENT OF INDEPENDENT AUDITORS AND CORPORATE COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEW THE FORM 990 AND APPROVE THE FILING. FORM 990, PART VI, SECTION B, LINE 12C AT LEAST ANNUALLY, THE AUDIT COMMITTEE EXAMINES COMPLETED CONFLICT OF INTEREST STATEMENTS AND RECOMMENDS TO THE BOARD ANY ACTION NEEDED TO COMPLY WITH LEGAL REQUIREMENTS OR FOUNDATION POLICY REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT/CEO AND CFO IS ESTABLISHED BY A RELATED ORGANIZATION, EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS (ECS). ECS USED ALL OF THE FOLLOWING IN ESTABLISHING COMPENSATION: GOVERNANCE COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST, AT THE ATTORNEY GENERAL'S WEBSITE, AND ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE UPON REQUEST AND AT THE ATTORNEY GENERAL'S WEBSITE. THE GOVERNING/ORGANIZATION DOCUMENTS, FINANCIAL STATEMENTS, AND WRITTEN CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 31,508. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES/FACILITIES 7,896,084. EPISOPAL COMMUNITIES & SERVICES FOR SENIORS 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 951642373 PROMOTES HEALTH & WELL BEING OF OLDER ADULTS THRU CARE, SERVICES & HOUSING. CA 501(C)(3) LINE 12A, I N/A 0 CREATIVE HOUSING & SERVICES 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 330204306 PROVIDES SERVICES TO AFFORDABLE SENIOR AND DISABLE HOUSING. CA 501(C)(3) LINE 12A, I EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 SOPHIE MILLER FOUNDATION 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 471102014 SUPPORTS VIBRANT COMMUNITY FOR SENIORS THROUGH BENEVOLENCE AND INNOVATION. CA 501(C)(3) LINE 12B, II EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0