2018-04-16T17:06:27-05:00 2017-06-30 910189318 Moss Adams LLP 101 Second Street Suite 900 San Francisco CA 94105 990 2016-07-01 030594291 899 Charleston 899C 6504333600 899 East Charleston Road Palo Alto CA 94303 Victor Meinke CFO 6504333600 2018-04-16 1 Joua V Lo P01225144 4159561500 2018-03-27 12.129.7.100 2018-04-16 15:26:28 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5029E8FD9FE66385FA59B177B15FCADA276E8E0F 2016 2021-01-29 14:40:06Z MOLDAW RESIDENCES Daniel Ruth 899 East Charleston Road Palo Alto CA 94303 14776528 0 X WWW.899CHARLESTON.ORG X 2006 CA TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS, ADDRESS THE WELL BEING OF THE RESIDENTS, AND ADOPT POLICIES TO PROTECT THEM AGAINST FINANCIAL RISKS. 9 8 141 15 0 0 128413 111575 13785678 14546513 27223 118440 0 0 13941314 14776528 0 0 0 0 4227038 4433537 0 0 399 13117959 12981410 17344997 17414947 -3403683 -2638419 150382883 149412636 189440512 189041305 -39057629 -39628669 X See Schedule OWE SUPPORT THE HIGHEST LEVEL OF INDEPENDENCE FOR EACH INDIVIDUAL BY PROMOTING THE PURSUIT OF A HEALTHFUL LIFESTYLE AND COMMUNITY INVOLVEMENT ON OUR MULTIGENERATIONAL CAMPUS. WE SEEK TO PRESERVE JEWISH COMMUNITY VALUES AND TRADITIONS, WHILE SERVING THE DIVERSE CULTURES AND BACKGROUNDS OF THE ENTIRE PENINSULA REGION IN OFFERING A COMPLETELY UNIQUE RETIREMENT OPTION - "UNRETIREMENT!" 0 0 15339039 14546513 SEE SCHEDULE O 15339039 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 1 0 0 0 1 35 0 1 141 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X VICTOR MEINKE 4155622690 302 SILVER AVENUE SAN FRANCISCO CA 94112 X Larry Marks Chair 1.00 2.00 X X 0 0 0 David Steirman Treasurer 1.00 1.00 X X 0 0 0 Susan Moldaw Secretary 1.00 0.00 X X 0 0 0 JEAN BLACKBURN TRUSTEE 1.00 0.00 X 0 0 0 ELLEN BROWN TRustee 1.00 0.00 X 0 0 0 NEiL DAVIDSON Trustee 1.00 0.00 X 0 0 0 Pam Ferris Trustee 1.00 0.00 X 0 0 0 MARLENE LEVENSON Trustee 1.00 0.00 X 0 0 0 Daniel Ruth Executive Vice President 2.00 12.00 X 0 668196 159555 Victor Meinke CFO 6.00 4.00 X 0 293058 13962 ALEXANDER BEN-ISRAEL EXecutive Director 40.00 0.00 X 196390 0 7780 Janell Haag Sales Counselor 40.00 0.00 X 114204 0 9323 Kevin Hogan Former Executive Director 0.00 4.00 X 0 230856 18329 310594 1192110 208949 2 1 1 0 0 111575 111575 Resident Fees 623000 11529817 11529817 Amort of Entrance Fees 623000 2417394 2417394 Other Fees for Service 623000 599302 599302 14546513 118440 118440 14776528 14546513 0 118440 201094 20109 180985 3268330 3045055 223275 35510 32841 2669 640059 528099 111960 288544 261645 26899 250 250 65673 65673 76500 76500 1627504 641345 986159 215328 193944 20985 399 1143667 1141857 1810 8685 8685 3650094 3650094 4208786 4208786 283169 283169 Food and beverages 733823 729409 4414 Amort of Marketing Cost 332221 332221 DUES, LICENSES, & FEES 292591 237928 54663 REPAIRS & MAINTENANCE 108771 108771 234348 206935 27413 17414947 15339039 2075509 399 6777841 10218390 4714343 4832822 1089 1089 116516 95134 0 451053 19746 21216 94577 106046 149104129 32850549 120308180 116253580 9232201 7936078 9118390 9497228 150382883 149412636 1504258 1318446 11609104 10669779 71375211 70468252 104951939 106584828 189440512 189041305 X -45361307 -46638009 1683198 2294990 4620480 4714350 -39057629 -39628669 150382883 149412636 X -2638419 -12116 2079495 X 0 1 X 1 0 X 183892 322181 2000590 128413 111575 2746651 183892 322181 2000590 128413 111575 2746651 984284 1762367 3182 2343 2556 27223 118440 153744 2900395 61393849 0.60760 0.48740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6233945 93870 666904 6994719 6075044 125000 33901 6233945 5573737 374998 126309 6075044 4625291 275000 673446 5573737 4079770 128216 417303 4625289 0.00000 0.67400 0.32600 0 1 1 13118538 13118538 127681073 26995691 100685382 7209154 5297979 1911175 1095364 556879 538485 116253580 DEFERRED MARKETING COSTS 747496 Bond Issuance Costs 1716435 Beneficial Interest in JHSLF 6995719 INTEREST RECEIVABLE 37578 9497228 Refundable Deposit 1253079 refundable entrance fees 100688182 Loan Payable to JHSLF 4635794 Due to Related Organizations 7773 106584828 X 16843907 -12116 2079495 2067379 14776528 0 14776528 17414947 0 17414947 0 17414947 Part V, Line 4: THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT FOR RESIDENTS OF THE 899 CHARLESTON PROJECT 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 666,904. Change in Future Service Benefit Obligation 1,412,591. 0 1 0 0 0 0 0 0 0 Daniel Ruth Executive Vice President 0 634756 0 0 0 33440 0 150462 0 9093 0 827751 0 0 Victor Meinke CFO 0 254808 0 38250 0 0 0 7764 0 6198 0 307020 0 0 ALEXANDER BEN-ISRAEL EXecutive Director 174390 0 22000 0 0 0 1725 0 6055 0 204170 0 0 0 Kevin Hogan Former Executive Director 0 200856 0 30000 0 0 0 6000 0 12329 0 249185 0 0 Part I, Line 3 The organization relied on a related organization to establish the compensation and benefits of the top management official utilizing the following methods: compensation committee, compensation survey or study, approval by the board or compensation committee. Part I, Line 4b DANIEL RUTH: CONTRIBUTION TO 457(F) PLAN $142,512. A CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY 680164610 2014-11-20 81435953 REFINANCING OF EXISTING BOND AND TERM LOAN DEBT 0 1 0 A 3651862 81435953 4435007 1448074 75532680 20192 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART III, LINE 4A: CONSTRUCTION AND OPERATION OF 193 MAINTENANCE-FREE APARTMENTS, INCLUDING 170 UNITS FOR INDEPENDENT LIVING, 12 FOR ASSISTED LIVING, AND 11 UNITS FOR SPECIALIZED MEMORY SUPPORT, IN BUILDINGS THROUGHOUT THE PEDESTRIAN-FRIENDLY TAUBE-KORET CAMPUS FOR JEWISH LIFE, THE FIRST AND ONLY JEWISH-SPONSORED SENIOR LIVING COMMUNITY IN THE REGION SOUTH OF SAN FRANCISCO, CALIFORNIA. THE GOAL OF THIS UNIQUE NEIGHBORHOOD DESIGN IS TO FOSTER OPPORTUNITIES FOR OLDER ADULTS TO ENGAGE WITH INDIVIDUALS OF ALL AGES AS THEY PARTICIPATE IN ACTIVITIES AND ORGANIZATIONS ON THE CAMPUS. AS A CONTINUING CARE RETIREMENT COMMUNITY, 899 CHARLESTON (DBA MOLDAW RESIDENCES) ALSO PROVIDES FOR RESIDENTS' FUTURE HEALTHCARE, AS NEEDED. IN ADDITION TO HAVING ACCESS TO PERSONALIZED ASSISTED LIVING SERVICES MEMORY SUPPORT RESIDENCES ON CAMPUS, RESIDENTS ARE ALSO AFFORDED PRIORITY ACCESS TO SKILLED NURSING CARE THROUGH AN AFFILIATION WITH THE HEBREW HOME FOR AGED DISABLED. DURING THE YEAR, MOLDAW RESIDENCES PROVIDED INDEPENDENT LIVING AND MEMORY SUPPORT LIVING TO ELDERLY RESIDENTS. THERE WERE 237 RESIDENTS AT JUNE 30, 2017. Form 990, Part VI, Section A, line 3 The organization pays a management fee to Jewish Senior Living Group, a related organization who provides management, marketing, and other supporting services to 899 Charleston. The organization's top executive (Daniel Ruth) and top financial official (Victor Meinke) are both compensated by Jewish Senior Living Group. Total payments to Jewish Senior Living Group for these management, marketing, and other supporting services totalled $908,190 during the 6/30/2017 fiscal year. Form 990, Part VI, Section A, line 7a Jewish Senior Living Group, a California nonprofit public benefit corporation, appoints a majority of the Trustees. Form 990, Part VI, Section B, line 11b A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. Form 990, Part VI, Section B, line 12c THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND PRINCIPLE OFFICER OF THE ORGANIZATION AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SIGNS A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. 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. Form 990, Part VI, Section B, line 15a THE BOARD REVIEWED AND APPROVED THE ANNUAL COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR BASED ON VARIOUS FACTORS SUCH AS: COMPENSATION DATA OBTAINED FROM VARIOUS SOURCES AND NON-PROFIT RESOURCES FOR SIMILARLY SITUATED ORGANIZATION IN THE AREA. THE BOARD APPROVED THE ANNUAL BUDGET THAT INCLUDES SALARY EXPENSE. LINE 15B HAS BEEN ANSWERED "NO" (AS MANDATED BY THE FORM 990 INSTRUCTIONS), AS THE ORGANIZATION DOES NOT COMPENSATE ANY ADDITIONAL OFFICERS OR KEY EMPLOYEES; THESE INDIVIDUALS ARE COMPENSATED BY A RELATED ORGANIZATION. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN OR ORAL REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part VII: Hours for Daniel Ruth, Victor Meinke, and Kevin Hogan appear low as these individuals devote a portion of their time to affiliated organization not related (by Form 990 definitions) to 899 Charleston. Kevin Hogan, who termed as Executive Director of 899 Charleston in December of 2015, is listed as a "Former Officer" as he received compensation in relation to services performed as an employee for a related organization during the 2016 calendar year. Form 990, Part XI, line 9: Change In Beneficial Interest in JHSLF 666,904. Change in Future Service Benefit Obligation 1,412,591. JEWISH SENIOR LIVING GROUP 302 Silver Avenue francisco CA 94112 800291740 SEE PART VII CA 501(c)(3) Line 12a, I N/A 0 BAY AREA JEWISH SENIOR LIFE 302 Silver Avenue francisco CA 94112 455092344 SEE PART VII CA 501(c)(3) Line 12a, I JEWISH SENIOR LIVING GROUP 0 Bay Area Senior Health Services Inc 302 SILVER AVENUE SAN FRANCISCO CA 94015 454293287 MANAGEMENT CO CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 PART II, COLUMN (B): JEWISH SENIOR LIVING GROUP PRIMARY ACTIVITY: TO PROMOTE THE PROVISION OF JEWISH LIVING SERVICES, FACILITIES AND AGING SERVICES IN NORTHERN CALIFORNIA BY PROVIDING SERVICES DESIGNED TO ASSIST THE SUPPORTED CHARITIES IN THEIR OWN OPERATIONS AND ASSIST WITH DEVELOPING NEW SERVICES AND FACILITIES IN THE AFFILIATED NETWORK. PART II, COLUMN (B): BAY AREA JEWISH SENIOR LIFE PRIMARY ACTIVITY: TO ASSIST THE SUPPORTED CHARITIES IN THEIR OWN OPERATIONS AND ASSIST WITH DEVELOPING NEW SERVICES AND FACILITIES IN THE AFFILIATED NETWORK.