2016-05-16T18:13:20-05:00 2015-06-30 951720829 MARTIN WERBELOW LLP 300 N LAKE AVE SUITE 930 PASADENA CA 911014106 990 2014-07-01 270707394 MONTECEDRO INC MONT 6264035880 1111 SOUTH ARROYO PARKWAY NO 230 PASADENA CA 91105 JAMES S ROTHROCK PRESIDENT & CEO 6264035880 2016-05-09 1 ERICH RAIL P00174228 6265771440 2014 2016-08-17 19:52:53Z JAMES S ROTHROCK 1111 S ARROYO PARKWAY STE 230 PASADENA CA 91105 20360214 0 X WWW.SOPHIEMILLERFOUNDATION.ORG X 2009 CA THE ORGANIZATION DEVELOPS AND OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS (THE MONTECEDRO), WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSES. 5 4 8 0 0 0 314401 0 0 0 1402877 874125 13200 0 1730478 874125 8061134 0 0 0 56288 0 0 0 0 305071 1901460 8422493 1901460 -6692015 -1027335 218929417 191402676 150341432 152793220 68587985 38609456 X MONTECEDRO, INC. ("MCINC") DEVELOPS AND OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS (THE MONTECEDRO), WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSES. 1 1 1822178 MCINC WAS CREATED TO DEVELOP AND OPERATE HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS. 1822178 1 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23 0 1 8 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X THE ORGANIZATION 6264035880 1111 SOUTH ARROYO PARKWAY NO 230 PASADENA CA 91105 X ROBERT A LONG DIRECTOR/CHAIR 3.00 X X 0 0 0 RON APEL DIRECTOR/VICE CHAIR 1.00 X X 0 0 0 JENNIFER DEVOLL DIRECTOR/SECRETARY 1.00 X X 0 0 0 ALLEN MATHIES DIRECTOR/TREASURER 1.00 X X 0 0 0 MARTHA TAMBURRANO PRESIDENT/CEO 2.00 X X 0 0 0 JAMES ROTHROCK CFO 4.00 X 0 0 0 0 0 0 0 0 0 0 DPR CONSTRUCTION A GENERAL PARTNERSHIP 4665 MACARTHUR CT SUITE 100 NEWPORT BEACH CA 92660 CONSTRUCTION 60788228 PERKINS EASTMAN ARCHITECTS PC 115 5TH AVE 3RD FLOOR NEW YORK NY 10003 ARCHITECT & ENGINERRING 767113 INTELISYN PROJECT DEVELOPMENT INC 2281 WEST 190TH ST SUITE 100 TORRANCE CA 90504 PROJECT MANAGEMENT ASSISTANCE 325925 SMITH-EMERY LABORATORIES PO BOX 512333 LOS ANGELES CA 90051 CONCRETE COMPRESSION TEST 257441 NEW LIFE MANAGEMENT INC 849 B FOOTHILL BLVD SUITE 8 LA CANADA CA 91011 SALES CONSULTING 234324 11 669927 669927 19690287 19486089 204198 204198 204198 874125 0 0 874125 79282 79282 1822178 1822178 1901460 1822178 79282 0 1522841 208178 3048133 480875 367454 137191 112060915 9913 44058827 112051002 24580503 8026922 6208130 136843862 72798175 218929417 191402676 4069023 6165213 145939221 145237816 333188 1390191 150341432 152793220 X 64958551 38589107 1661768 132 1967666 20217 68587985 38609456 218929417 191402676 X -1027335 -425421 -28525773 X X 0 1 X 1 0 X 525302 763949 373304 314401 1976956 525302 763949 373304 314401 1976956 1976956 451401 476040 913842 867215 669927 3378425 5355381 46150 0.36920 X 27131901 450961 27496874 85988 33476058 257095 2541844 9007616 135480 27131901 12609527 27765084 1532515 8307167 123901 33476058 22071820 550990 335466 10291032 57717 12609527 23050356 722947 1144423 2544 2779134 64228 22071820 0.00000 0.00000 0.00000 17289427 17289427 101955 9913 92042 94669533 94669533 112051002 COSTS OF ACQUIRING INITIAL CONTINUING CARE CONTRACTS 8922187 CAPITALIZED INTEREST 4219447 OTHER ASSETS 13505 RESTRICTED CASH AND CASH EQUIVALENTS FOR BOND INDENTURE 59624248 INTEREST IN RELATED PARTIES' NET ASSETS 18788 72798175 INTEREST PAYABLE 602588 OTHER CURRENT LIABILITIES 932 DUE TO RELATED PARTIES 51239 DEFERRED REVENUE 735432 1390191 X 448704 -425421 -425421 874125 0 874125 1901460 0 1901460 0 1901460 PART V, LINE 4: IN PRIOR YEARS MCINC USED THE ENDOWMENT FUNDS TO MAINTAIN THE LEVEL OF PROGRAMS AND SERVICES PROVIDED BY ECS. PART X, LINE 2: 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. A LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150866 2014-06-01 44805000 PROJECT FINANCING 0 0 0 B LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150867 2014-06-01 25500000 PROJECT FINANCING 0 0 0 C LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150868 2014-06-01 25000000 PROJECT FINANCING 0 0 0 D LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150869 2014-06-01 45000000 PROJECT FINANCING 0 0 0 A 44805000 19040408 1347438 498854 23918300 0 0 1 1 B 25500000 10836523 766871 283914 13612692 0 0 1 1 C 25000000 10624042 751835 278347 13345776 0 0 1 1 D 45000000 19123275 1353303 501025 24022397 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, PART III, LINE 2 TO DEVELOP AND OPERATE HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS. FORM 990, PART III, LINE 3 DURING THE YEAR ENDED JUNE 30, 2015, MCINC CHANGED ITS PROGRAM SERVICES. IN PRIOR YEARS MCINC PROVIDED BENEVOLENT SUPPORT TO EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS' ("ECS") RESIDENTS WHO WERE UNABLE TO PAY THE FULL COST OF ACCOMODATIONS, CARE AND SERVICES PROVIDED TO THEM. MCINC ALSO USED TO PROVIDE SUPPORT TO ECS AND ITS AFFILIATES FOR: FACILITIES, SPECIAL CAPITAL PROJECTS, PROGRAMS FOR RESIDENTS, TRAINING OF VOLUNTEERS, AND GENERAL SUPPORT. MCINC ALSO USED TO PROVIDE SUPPORT TO A SEPARATE 501(C)(3) ORGANIZATION, THE PASADENA VILLAGE, AN ORGANIZATION THAT IS DEDICATED TO MAKING IT EASIER, SAFER AND MORE SATISFYING FOR OLDER ADULTS TO REMAIN IN THEIR HOMES THROUGHOUT THE PASADENA AREA AS THEY AGE. FORM 990, PART VI, SECTION B, LINE 11 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 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 9,811. TRANSFER OF NET ASSETS TO ECS, NET -28,535,584. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT OR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 1111 S ARROYO PARKWAY STE 230 PASADENA CA 91105 951642373 PROMOTES HEALTH AND WELL BEING OF OLDER ADULTS THRU CARE, SERVICES & HOUSING CA 501(C)(3) 509(A)(2) N/A 0 COMMUNITY HOUSING MANAGEMENT SERVICES 1111 S ARROYO PARKWAY STE 230 PASADENA CA 91105 330204306 PROVIDES SERVICES TO AFFORDABLE SENIOR AND DISABLED HOUSING FACILITIES CA 501(C)(3) 509(A)(2) EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 SOPHIE MILLER FOUNDATION 1111 S ARROYO PARKWAY STE 230 PASADENA CA 91105 471102014 SUPPORTS VIBRANT COMMUNITY FOR SENIORS THROUGH BENEVOLENCE AND INNOVATION CA 501(C)(3) 509(A)(3) EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1