2017-11-10T15:30:48-06:00 2016-12-31 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2016-01-01 942906316 Eskaton Properties Inc ESKA 9163340810 5105 Manzanita Avenue Carmichael CA 95608 Bill Pace CFO 9163340810 2017-11-09 1 Tracy S Paglia P00366884 2099556100 2017-11-09 24.176.237.58 2017-11-09 18:53:05 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 68BC8D16007A635797B63211188E0ACDDC1C3CBF 2016 2017-02-10 21:41:12Z Todd S Murch 5105 Manzanita Avenue Carmichael CA 95608 127399833 0 X WWW.ESKATON.ORG X 1983 CA To enhance the quality of life of seniors through innovative health, housing and social services. 10 9 1672 0 2134419 0 2369122 274143 91211517 97407701 7941198 1485677 0 0 101521837 99167521 4427185 1333385 0 0 52481504 58731124 0 0 0 34968723 35613607 91877412 95678116 9644425 3489405 141888505 145835251 118351263 113436979 23537242 32398272 The primary mission is to enhance the quality of life of seniors through innovative health, housing and social services. 0 0 43014155 0 50343603 HEALTH SERVICES: Consists of licensed skilled nursing care centers & a licensed home health agency. In skilled nursing care centers, the staff of the care center, the doctor and the resident/family assemble a plan of care, and depending on the resident's diagnosis, needs & abilities, the plan may include physical, occupational and/or speech therapy. Home health services include rehabilitative services from a physical, occupational or speech therapist & specialized care from a registered nurse. Clients are assured of services from a trained professional who has been pre-screened & background-checked. Skilled nursing resident days: 144,642 / Home health visits: 13,463. Please visit the Eskaton website (www.eskaton.org) for the Eskaton Annual Report. 33896549 0 46763370 RESIDENTIAL SERVICES: CONSISTS OF INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE & CONTINUING CARE RETIREMENT COMMUNITIES. ALL LEVELS OF RESIDENTIAL SERVICES PROVIDE INTERIOR & EXTERIOR MAINTENANCE, AS WELL AS AN EMERGENCY RESPONSE SYSTEM. CONTINUING CARE RETIREMENT COMMUNITIES AFFORDS OLDER ADULTS THE OPPORTUNITY TO LIVE AMONG THEIR PEERS IN A COMFORTABLE ATTRACTIVE ENVIRONMENT. SOME COMMUNITIES OFFER ADDITIONAL SERVICES, SUCH AS, MEALS, RECREATIONAL ACTIVITIES, HOUSEKEEPING & ASSISTANCE WITH DAILY ACTIVITIES. CONTINUING CARE RETIREMENT LIVING RESIDENT DAYS: 148,920 / INDEPENDENT LIVING RESIDENT DAYS: 38,092 / ASSISTED LIVING & MEMORY CARE RESIDENT DAYS: 49,144. PLEASE VISIT THE ESKATON WEBSITE (WWW.ESKATON.ORG) FOR THE ESKATON ANNUAL REPORT. 1333385 1333385 300728 Grants to related organizations. 78244089 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 181 0 1 1672 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X Eduard Boogaard 9163395688 5105 Manzanita Avenue Carmichael CA 95608 Sarah Steenhausen board Member 0.10 0.60 X 0 0 0 Karen Robson Board Member 0.10 0.60 X 0 0 0 Gay Marie Bone Board Member ( Thru 5/2016) 0.10 0.60 X 0 0 0 Anne Burns Johnson Board Member 0.10 0.60 X 0 0 0 Margaret Dyer-Chamberlain Board Member ( Thru 5/2016) 0.10 0.60 X 0 0 0 Robert Edmondson Vice Chair 0.10 0.60 X 0 0 0 Doug Elmets Board Member 0.10 0.60 X 0 0 0 Wes G Justyn Chairperson (Thru 3/2016) 0.20 2.20 X 0 0 0 Samuel Perez Board Member 0.10 0.60 X 0 0 0 Victor Sipos Board Member ( Thru 11/2016) 0.10 0.60 X 0 0 0 Lisa Yates Chair 0.10 0.60 X 0 0 0 Patricia McFarland Board Member 0.10 0.60 X 0 0 0 Susan DeMarois Board Member 0.10 0.60 X 0 0 0 Chuck Schepel Board Member ( Thru 5/2016) 0.10 0.60 X 0 0 0 Todd Murch President & CEO 40.00 14.00 X X 1103586 0 36437 Bill Pace CFO 40.00 14.00 X 393673 0 114468 Elizabeth Donovan Secretary 40.00 14.00 X 393615 0 116772 Donna Garrett Assistant Secretary 40.00 X 93232 0 13589 Sheri Peifer Sr VP, Innovation & Strategy 40.00 12.00 X 310870 0 64790 Charles Garcia VP, Information & Technology 40.00 14.00 X 240698 0 42042 Stephen Fife Exec Dir Esk Care Ctr Fair 40.00 X 198108 0 32676 Cathy Sailor Exec Dir Affordable Housing 40.00 X 182906 0 16997 Evelyn McGarth Exec Dir Esk Village Placerville 40.00 X 178983 0 26392 3095671 0 464163 39 0 1 0 MORRISON MANAGEMENT SPECIALISTS 3939 WALNUT AVENUE CARMICHAEL CA 95608 DINING SERVICES 2976786 Josh Heckman Construction Inc PO BOX 314 Penryn CA 95663 CONSTRUCTION 1064997 Advanced Roof Design Inc 4 Wayne Court 10 Sacramento CA 95829 CONSTRUCTION 650629 A TO Z CONSTRUCTION 7420 LEONARD AVENUE CITRUS HEIGHTS CA 95610 CONSTRUCTION 583387 Intech Mechanical Company LLC 7501 Galilee Road Roseville CA 95678 CONSTRUCTION 564001 13 175634 98509 274143 Health Residential Svcs 623000 86862006 86862006 External Mgmt Fees 623000 4593180 2529497 2063683 program rental income 623000 3315957 3315957 AMORT OF DEF REVENUE 623000 1812824 1812824 CCRC Resale & Transfer 623000 183937 183937 639797 569061 70736 97407701 1428896 1428896 28280793 8300 28232312 0 48481 8300 56781 56781 99167521 95273282 2134419 1485677 1333385 1333385 3012124 3012124 36731837 33079128 3652709 15844317 10772945 5071372 3142846 2712837 430009 274277 274277 99066 99066 467247 467247 7069715 6167769 901946 611981 448737 163244 4266212 3772338 493874 3152199 2996784 155415 403387 178313 225074 93966 40850 53116 3224384 2560917 663467 6026162 5639750 386412 1608851 1554709 54142 ANCILLARY COSTS 3541527 3541527 Merchant Fees 832006 832006 Bad Debt 291582 291582 Special Events 268129 197922 70207 3382916 2122590 1260326 95678116 78244089 17434027 0 6832097 9947395 1493284 3212947 9048257 11175793 156250 168721 822886 511269 171925063 116930125 55531803 54994938 47334686 46877947 7457647 7202873 13211595 11743368 141888505 145835251 6827059 7667055 12570911 10716832 77589229 73588596 2510174 2421221 18853890 19043275 118351263 113436979 X 23530918 32393338 6324 4934 23537242 32398272 141888505 145835251 X 3489405 2858902 2512723 X 0 1 X 1 0 X 293218 427517 228919 2369122 274143 3592919 86158565 86199575 88497234 89788765 95273282 445917421 86451783 86627092 88726153 92157887 95547425 449510340 1645433 1704038 1779247 3475255 2131189 10735162 0 1645433 1704038 1779247 3475255 2131189 10735162 438775178 1358794 1169802 1229082 1380490 1428896 6567064 344761 44887 70736 460384 1358794 1169802 1573843 1425377 1499632 7027448 87810577 87796894 90299996 93583264 97047057 456537788 0.96110 0.94550 0.01540 0.01540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 3296819 964699 1702674 2558844 0 1830000 9116702 10946702 83623966 65406671 18217295 52761050 33390334 19370716 22727580 18133120 4594460 1865765 1865765 54994938 Associate member/patient deposits 2558842 Due from related party 7512317 Other Assets 1007209 Due from Liability Insurer 665000 11743368 Self-insured workers' comp 10455399 Professional Liability 2002978 Associate member/patient deposits 2558843 Unfunded pension obligation 1985890 due to related party 1970158 Other 70007 19043275 X Part IV, Line 1b: THE ORGANIZATION HOLDS RESIDENT FUNDS IN TRUST FOR SEVERAL COMMUNITIES. CCRC RESIDENTS WHO MOVE FROM INDEPENDENT TO ANOTHER LEVEL OF CARE ARE REQUIRED BY THEIR CONTRACT TO DEPOSIT IN AN ASSOCIATE MEMBERSHIP ACCOUNT UP TO $100,000 FROM THE PROCEEDS OF THE SALE OF THEIR INDEPENDENT MEMBERSHIP. RESIDENT TRUST AMOUNTS AT OTHER COMMUNITIES ARE VOLUNTARY AND FOR THE CONVENIENCE OF RESIDENTS. THE TRUST FUNDS ARE PRIMARILY HELD IN BANK ACCOUNTS OR INVESTMENT ACCOUNTS AND ARE RECONCILED MONTHLY. Part X, Line 2: FASB ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. RECOGNITION OF A TAX POSITION IS DETERMINED WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES. A TAX POSITION THAT MEETS THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY. ESKATON RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AT DECEMBER 31, 2016 AND 2015, THERE WERE NO SUCH UNCERTAIN TAX POSITIONS. 1 Eskaton Foundation 5105 Manzanita Ave Carmichael CA 95608 680227233 501(C)(3) 655815 To assist with programs Eskaton 5105 Manzanita Ave carmichael CA 95608 942906307 501(C)(3) 677570 To assist with programs 2 0 Part I, Line 2: Grants are to related organization with common management to assist with program operation expenses. The management of the related organizations' operations is overseen by the filing organization. X X X X 0 1 0 0 0 0 0 1 0 Todd Murch President & CEO 498790 0 181236 0 423560 0 7950 0 28487 0 1140023 0 0 0 Bill Pace CFO 323673 0 70000 0 0 0 93118 0 21350 0 508141 0 0 0 Elizabeth Donovan Secretary 323615 0 70000 0 0 0 104812 0 11960 0 510387 0 0 0 Sheri Peifer Sr VP, Innovation & Strategy 266870 0 44000 0 0 0 36303 0 28487 0 375660 0 0 0 Charles Garcia VP, Information & Technology 210698 0 30000 0 0 0 40728 0 1314 0 282740 0 0 0 Stephen Fife Exec Dir Esk Care Ctr Fair 168108 0 30000 0 0 0 4654 0 28022 0 230784 0 0 0 Cathy Sailor Exec Dir Affordable Housing 182906 0 0 0 0 0 5532 0 11465 0 199903 0 0 0 Evelyn McGarth Exec Dir Esk Village Placerville 150983 0 28000 0 0 0 5532 0 20860 0 205375 0 0 0 Part I, Line 4b The plan is limited to key employees who are designated by the board of directors. The employee becomes fully vested upon the earlier of his/her termination of employment, at his/her normal retirement date or his/her completion of 10 years of executive management service. Final average pay is calculated by averaging the annual compensation for the three consecutive years out of the last ten years of senior executive management service that results in the highest average. Todd Murch received a payment from the plan in the amount of $423,560. Bill Pace, Sheri Peifer and Charles Garcia received contributions from the plan in the amount of $871,605, $28,354 and $33,490, respectively. Elizabeth Donovan participated in the plan during the year but has not yet vested in any contributions. Part I, Line 7 The CEO's bonus is given at the discretion of the Board of Directors. Any bonuses given to other employees are given at the discretion of the CEO. A ABAG Finance Authority for Nonprofit Corporations 943130123 00037CNC0 2013-09-17 19200000 TO REFUND PRIOR ISSUE DATED 4/10/08, WHICH REFUNDED 1999 & 2000 ISSUES 0 0 0 B ABAG Finance Authority for Nonprofit Corporations 941485533 00037cuq1 2013-06-06 55568973 Provide funds to refund prior issues dated 05/15/08 0 0 0 C CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 1307955V5 2012-05-22 39890381 PROVIDE FUNDS TO REFUND PRIOR ISSUES DATED 2/10/05; FINANCE IMPROV. & Equip. 0 0 0 A 4175000 19200000 19200000 2013 1 0 1 1 B 5245000 55568973 4147750 932004 50489219 2013 1 0 1 1 C 4840000 40183124 3762412 732658 8085284 27611770 2015 1 0 1 1 B 0 1 1 1 0 0.00400 0.00800 0.01200 1 0 1 C 0 1 1 1 0 0.00300 0.00000 0.00300 1 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY Date the Rebate Computation was Performed: 12/01/2016 Schedule K Supplental Information PART I, ISSUE A, COLUMN (E) - ISSUE PRICE: THE ISSUE PRICE REPORTED ON FORM 8038, PART III, LINE 21 BOX (B) WAS INCORRECTLY LISTED AS $23,500,000. THE CORRECT AMOUNT SHOULD HAVE BEEN $19,200,000. PART II, LINE 3, COLUMN B: TOTAL PROCEEDS EXCEED ISSUE PRICE BY $292,743 DUE TO INVESTMENT PROCEEDS EARNED DURING THE PROJECT PERIOD. Form 990, Part VI, Section A, line 6 THE ORGANIZATION HAS ONE CORPORATE MEMBER. AS A SUBSIDIARY CORPORATION TO THE CORPORATE MEMBER, ALL OF THE ASSETS OF THE ORGANIZATION WOULD BE RECEIVED BY THE CORPORATE MEMBER UPON DISSOLUTION. Form 990, Part VI, Section A, line 7a The organization's sole corporate member has the power to appoint all directors other than the President of the Corporation. Form 990, Part VI, Section B, line 11b Data to prepare the 990 is gathered by the financial analyst . The return is prepared by a professional accounting firm and reviewed by the Director of Finance and the CFO. The final 990 is signed by the CFO. Form 990, Part VI, Section B, line 12c Officers and directors are required to annually disclose their potential conflicts of interest. Directors abstain from voting and do not participate in discussion of Board actions related to potential conflicts of interest. Form 990, Part VI, Section B, line 15 The board of directors, using a third party professional consultant that gathers data from a wide range of comparable organizations, reviews and approves the compensation for the CEO and CFO annually. The last review was in February 2017. For the COO and other highly compensated employees, compensation is determined by the CEO based on annual data from surveys of comparable organizations. Form 990, Part VI, Section C, line 19 Eskaton Properties Inc's governing documents and conflict of interest policy are not routinely available to the public. The Eskaton Properties Inc financial statements are available to the public through guidestar and upon request. Form 990, Part XI, line 9: Pension Valuation Adjustment 2,511,333. Increase in Temporarily restricted assets 1,390. Eskaton Lodge Granite Bay 5105 Manzanita Avenue Carmichael CA 95608 941663809 Senior Residences & Services CA 501(c)(3) Line 10 Eskaton 1 Eskaton Village Grass Valley 5105 Manzanita Avenue Carmichael CA 95608 943358174 Senior Residences & Services CA 501(c)(3) Line 10 Eskaton 1 Eskaton Village Roseville 5105 Manzanita Avenue Carmichael CA 95608 680472230 Senior Residences & Services CA 501(c)(3) Line 10 Eskaton 1 ESKATON VILLAGE PLACERVILLE 5105 Manzanita Avenue Carmichael CA 95608 270704516 Senior Residences & Services CA 501(c)(3) Line 10 Eskaton 1 Eskaton 5105 Manzanita Avenue Carmichael CA 95608 942906307 Senior home-based Services CA 501(c)(3) Line 10 N/A 0 Eskaton Foundation 5105 Manzanita Avenue Carmichael CA 95608 680227233 Fundraising CA 501(c)(3) Line 7 Eskaton 1 Eskaton Fountainwood Lodge 5105 Manzanita Avenue carmichael CA 95608 275246432 Senior Residences & Services CA 501(c)(3) Line 10 eskaton 1 California Health Care Consultants 5105 Manzanita Avenue CARMICHAEL CA 95608 942761402 Leased employees for senior residences CA N/A C 0 Livable Design 5105 Manzanita Avenue CARMICHAEL CA 95608 942243808 Provide research & design principals to home builders CA N/A C 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 Eskaton Foundation B 655815 FMV ESKATON B 677570 FMV eskaton villAGE GRASS VALLEY Q 300728 FMV Eskaton Foundation C 175635 FMV Eskaton Village Roseville D 1070023 EOY Eskaton Village Placerville D 669407 EOY eSKATON FOUNTAINWOOD LODGE E 4970722 eOY Eskaton E 373397 EOY Eskaton Lodge Granite Bay E 1479498 EOY Eskaton Foundation E 51192 EOY ESKATON VILLAGE PLACERVILLE L 312852 FMV ESKATON VILLAGE GRASS VALLEY L 497927 fMV ESKATON FOUNTAINWOOD LODGE L 324874 fmV Eskaton Foundation L 51600 fmV Eskaton Lodge Granite Bay L 380304 fmV ESKATON L 207466 FMV ESKATON VILLAGE ROSEVILLE L 407766 FMV eskaton village plaCERVILLE Q 4072524 FMV eskaton villaGE GRASS VALLEY Q 3682438 FMV ESKATON FOUNTAINWOOD LODGE Q 3582136 FMV eskaton lodge Granite Bay Q 1827190 FMV eskaton foundation Q 738231 FMV eskaton village roseville S 6468000 fMV eskaton villaGE GRASS VALLEY S 3803000 fMV eskaton lodge Granite Bay S 1885237 fMV eskaton S 889169 fMV eskaton foundation S 1022562 fMV eskaton village plACERVILLE S 1063216 fMV