2012-03-01T16:53:33-06:00 2010-12-31 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2010-01-01 942906316 ESKATON PROPERTIES INC ESKA 9163340810 5105 MANZANITA AVENUE CARMICHAEL CA 95608 BILL PACE 9163340810 2012-03-01 1 TRACY S PAGLIA 2099556100 2010 2016-02-24 21:20:13Z X TODD S MURCH 5105 MANZANITA AVENUE CARMICHAEL CA 95608 98528377 0 X WWW.ESKATON.ORG X 1983 CA TO ENHANCE THE QUALITY OF LIFE OF SENIORS THROUGH INNOVATIVE HEALTH, HOUSING AND SOCIAL SERVICES. 13 12 1462 0 921193 -825987 7705 28750 76192625 79608375 -53848 2424441 47120 47581 76193602 82109147 464323 1865748 0 0 44540009 45350351 0 0 0 30240246 28117574 75244578 75333673 949024 6775474 145144198 149402067 148504517 143669557 -3360319 5732510 X ESKATON PROPERTIES' PRIMARY MISSION IS TO ENHANCE THE QUALITY OF LIFE OF SENIORS THROUGH INNOVATIVE HEALTH, HOUSING AND SOCIAL SERVICES. 0 0 35369308 0 45418710 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: 132,207 / HOME HEALTH VISITS: 9,684. PLEASE VISIT THE ESKATON WEBSITE (WWW.ESKATON.ORG) FOR THE ESKATON ANNUAL & SOCIAL ACCOUNTABILITY REPORT. 25424090 0 33268472 RESIDENTIAL SERVICES: CONSISTS OF MULTI-LEVEL RETIREMENT LIVING, INDEPENDENT LIVING, & ASSISTED LIVING COMMUNITIES. ALL LEVELS OF RESIDENTIAL SERVICES PROVIDE INTERIOR & EXTERIOR MAINTENANCE, AS WELL AS AN EMERGENCY CALL SYSTEM. INDEPENDENT LIVING APARTMENT COMMUNITIES AFFORD SENIORS THE OPPORTUNITY TO LIVE AMONG THEIR PEERS IN A COMFORTABLE ATTRACTIVE ENVIRONMENT. SOME COMMUNITIES OFFER ADDITIONAL SERVICES, SUCH AS, MEALS, RECREATIONAL ACTIVITIES, HOUSEKEEPING AND ASSISTANCE WITH DAILY ACTIVITIES. MULTI-LEVEL RETIREMENT LIVING RESIDENT DAYS: 157,941 / INDEPENDENT LIVING RESIDENT DAYS: 70,495 / ASSISTED LIVING RESIDENT DAYS: 35,727PLEASE VISIT THE ESKATON WEBSITE (WWW.ESKATON.ORG) FOR THE ESKATON ANNUAL & SOCIAL ACCOUNTABILITY REPORT. 1865748 1865748 0 GRANTS TO RELATED ORGANIZATION IN THE AMOUNT OF $1,865,748. ESKATON DEMONSTRATION HOME: IN 2008, ESKATON & COLLABORATING ORGANIZATIONS DEVELOPED THE ESKATON DEMONSTRATION HOME. THE DEMONSTRATION HOME PRESENTS INNOVATIVE SOLUTIONS IN HOME DESIGN & TECHNOLOGY THAT WILL ENABLE SENIORS TO MAXIMIZE THEIR INDEPENDENCE & REMAIN IN THEIR OWN HOMES. ESKATON'S INITIAL INVESTMENT IN THE CONSTRUCTION & IMPROVEMENTS TO THE DEMONSTRATION HOME WAS $714,000 IN 2008. ESKATON PROVIDES EDUCATIONAL GUIDED TOURS OF THE DEMONSTRATION HOME TO THE PUBLIC FOR FREE. PLEASE VISIT THE ESKATON WEBSITE (WWW.ESKATON.ORG) FOR THE ESKATON ANNUAL & SOCIAL ACCOUNTABILITY REPORT. 62659146 1 0 0 0 0 0 0 0 0 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 0 0 0 1 1426 0 1 1462 1 1 1 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X EDUARD BOOGAARD 9163395688 5105 MANZANITA AVENUE CARMICHAEL CA 95608 X TODD MURCH 40.00 X X 465333 0 43607 GAY MARIE BONE 1.00 X X 0 0 0 ANNE BURNS JOHNSON 1.00 X 0 0 0 CARL GERLACH 1.00 X 0 0 0 KATIE HAAS 1.00 X 0 0 0 MARY HOPP 1.00 X 0 0 0 MARK A HYJEK 1.00 X 0 0 0 WES G JUSTYN 1.00 X 0 0 0 LEELAND S KING 1.00 X 0 0 0 MARTHA KUNKEL 1.00 X 0 0 0 GREGORY A NATHANSON 1.00 X 0 0 0 LISA YATES 1.00 X 0 0 0 CLARENCE WILLIAMS 2.00 X X 0 0 0 TREVOR HAMMOND 40.00 X 327483 0 20176 BILL PACE 40.00 X 282500 0 26528 ELIZABETH DONOVAN 40.00 X 186437 0 12097 STUART GREENBAUM 40.00 X 190250 0 11086 SHERI PEIFER 40.00 X 187611 0 17283 CHARLES GARCIA 40.00 X 180703 0 11651 LYNETTE TIDWELL 40.00 X 175167 0 11008 KIM RHINEHELDER 40.00 X 170000 0 14394 2165484 0 167830 9 0 1 0 MORRISON MANAGEMENT SERVICES 3939 WALNUT AVE CARMICHAEL CA 95608 CATERING SERVICES 2339646 A TO Z CONSTRUCTION 7420 LEONARD AVE CITRUS HEIGHTS CA 95610 CONSTRUCTION 535371 INTECH MECHANICALINC 650 COMMERCE DRIVE ROSEVILLE CA 95678 REPAIRS AND MAINTENANCE 337672 SIMAS FLOOR CO 3550 POWER INN ROAD SACRAMENTO CA 95826 REPAIRS AND MAINTENANCE 265646 KPMG LLP 400 CAPITOL MALL SUITE 800 SACRAMENTO CA 95814 ACCOUNTING 213000 5 28750 28750 HEALTH RESIDENTIAL SVC 623000 65797825 65797825 EXTERNAL MGMT FEES 623000 10267874 9346681 921193 INTERNAL MGMT FEES 623000 2277806 2277806 CCRC RESALE & TRANSFER 623000 593780 593780 BEAUTY & BARBER REVENU 623000 263526 263526 407564 407564 79608375 1413943 1413943 48950 1369 47581 47581 47581 17416359 12000 16411967 5894 1004392 6106 1010498 1010498 82109147 78687182 921193 2472022 1865748 1865748 1510494 1510494 31027722 26726505 4301217 10252058 8165928 2086130 2560077 2209512 350565 277443 234214 43229 240064 76000 164064 300749 300749 4666564 4009909 656655 266785 118830 147955 3543290 3065028 478262 3055497 2884432 171065 235754 146306 89448 45489 10536 34953 632782 456828 175954 6063207 5583685 479522 1513695 1457261 56434 ANCILLARY COSTS 2670399 2670399 SWAP PAYMENTS/RECEIPTS 1284780 609445 675335 FINANCING FEES 760988 760988 BAD DEBTS 201699 201699 2358389 2166881 191508 75333673 62659146 12674527 0 10482957 12969517 6478418 7033451 5696247 9201691 3050326 515766 165464 184957 687101 389801 147050885 81787322 68589843 65263563 38135768 39102236 3712650 11858074 11028435 145144198 149402067 7667460 6670660 23916024 21835148 80478461 78675246 3738867 3570682 32703705 32917821 148504517 143669557 X -3375277 5720165 14958 12345 -3360319 5732510 145144198 149402067 X 6775474 2317355 X 0 1 1 X 0 X 7705 28750 36455 63202781 69473192 73769093 75340730 78687182 360472978 63202781 69473192 73769093 75348435 78715932 360509433 0 0 0 360509433 1762626 2298960 1753735 1472327 1462893 8750541 1762626 2298960 1753735 1472327 1462893 8750541 125895 125895 390000 390000 64965407 71898047 75912828 76820762 80178825 369775869 0.97490 0.97500 0.02370 0.02300 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: FORFEITED DEPOSIT ON REAL ESTATE SALE 3692848 11341929 15034777 83280710 46326435 36954275 33371892 22839863 10532029 14747822 12179204 2568618 615684 441820 173864 65263563 ASSOCIATE MEMBER/PATIENT DEPOSITS 5291661 DEFERRED FINANCING COSTS, NET 1483322 DUE FROM RELATED PARTY 3895354 OTHER ASSETS 358098 11028435 SELF-INSURED WORKERS' COMP 3478438 PROFESSIONAL LIABILITY INS 1166599 ASSOCIATE MEMBER/PATIENT DEPOSITS 5291661 INTEREST RATE SWAP AGREEMENTS 16082495 UNFUNDED PENSION OBLIGATION 6113409 OTHER 48554 DUE TO RELATED PARTIES 384156 DEPOSITS ON UNOCCUPIED CCRC UNITS 352509 32917821 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X - FIN 48 FOOTNOTE ACCOUNTING STANDARDS CODIFICATION (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. 1 ESKATON FOUNDATION 5105 MANZANITA AVE CARMICHAEL CA 95608 680227233 501(C)(3) 182414 TO ASSIST WITH PROGRAMS ESKATON 5105 MANZANITA AVE CARMICHAEL CA 95608 942906307 501(C)(3) 1683334 TO ASSIST WITH PROGRAMS 2 0 THE ONLY GRANTS AWARDED ARE TO RELATED ORGANIZATION WITH COMMON MANAGEMENT TO ASSIST WITH PROGRAM OPERATION EXPENSES. THE MANAGEMENT OF THE RELATED ORGANIZATIONS' OPERATIONS ARE OVERSEEN BY THE FILING ORGANIZATION. X X X X 0 1 0 0 0 0 0 1 0 TODD MURCH 397000 0 68333 0 0 0 29632 0 13975 0 508940 0 0 0 TREVOR HAMMOND 286650 0 40833 0 0 0 16374 0 3802 0 347659 0 0 0 BILL PACE 255000 0 27500 0 0 0 14125 0 12403 0 309028 0 0 0 ELIZABETH DONOVAN 176437 0 10000 0 0 0 4195 0 7902 0 198534 0 0 0 STUART GREENBAUM 180250 0 10000 0 0 0 9513 0 1573 0 201336 0 0 0 SHERI PEIFER 170944 0 16667 0 0 0 9381 0 7902 0 204894 0 0 0 CHARLES GARCIA 164036 0 16667 0 0 0 9035 0 2616 0 192354 0 0 0 LYNETTE TIDWELL 158500 0 16667 0 0 0 8758 0 2250 0 186175 0 0 0 KIM RHINEHELDER 170000 0 0 0 0 0 3825 0 10569 0 184394 0 0 0 PART I, LINE 4B THE PLAN IS LIMITED TO KEY EMPLOYEES WHO ARE DESIGNATED BY THE COMMITTEE. 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 SENIOR 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'S CONTRIBUTION AMOUNT WAS $6,366. PART I, LINE 7 DISCRETIONARY BONUSES ARE GIVEN TO ALL KEY EMPLOYEES WITH EXCEPTION OF THE CEO. THE CEO'S BONUS IS GIVEN AT THE DISCRETION OF THE BOARD OF DIRECTORS. ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CNC0 2008-04-10 23500000 PROVIDE FUNDS TO REFUND PRIOR ISSUES DATED 7/28/99 & 12/28/00 0 0 0 ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CND8 2008-05-15 48600000 PROVIDE FUNDS TO REFUND PRIOR ISSUES DATED 12/20/05 0 0 0 2000000 23500000 468970 204703 22804252 2008 1 0 1 1 2810000 48580416 674963 346372 47559200 2008 1 0 1 1 0 1 1 0 1 0.00300 0.00300 1 0 1 1 LEHMAN BROTHERS 29.800000000000 0 1 0 0 1 0 1 1 WELLS FARGO BANK 30.000000000000 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3, COLUMN B: TOTAL PROCEEDS ARE LESS THAN THE ISSUE PRICE BY $19,584 DUE TO A PAYMENT MADE TO RETIRE BONDS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CORPORATE MEMBER WITH THE POWER TO APPOINT ALL DIRECTORS OTHER THAN THE PRESIDENT OF THE CORPORATION. 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 11 DATA TO PREPARE THE 990 IS GATHERED BY THE LEAD ACCOUNTANT. 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 COMPENSATION OF THE CEO IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE UTILIZES THE SERVICES OF A PROFESSIONAL COMPENSATION CONSULTANT THAT PROVIDES DATA FROM A WIDE RANGE OF COMPARABLE ORGANIZATIONS. FOR THE COO, CFO, AND OTHER HIGHLY COMPENSATED EMPLOYEES, COMPENSATION IS DETERMINED BY THE CEO BASED ON ANNUAL (COO AND CFO) OR PERIODIC (OTHER HIGHLY COMPENSATED EMPLOYEES) RECOMMENDATIONS FROM A PROFESSIONAL COMPENSATION CONSULTANT UTILIZING DATA FROM COMPARABLE ORGANIZATIONS. THIS PROCESS IS PERFORMED ANNUALLY. THE LAST REVIEW WAS NOVEMBER 2010. 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 VII, SECTION A, COLUMN B: HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS: TODD MURCH, TREVOR HAMMOND AND BILL PACE'S TIME IS DIVIDED AS FOLLOWS: ESKATON FOUNDATION 2 HRS ESKATON GOLD RIVER LODGE 2 HRS ESKATON VILLAGE ROSEVILLE 2 HRS ESKATON VILLAGE PLACERVILLE 2 HRS ESKATON 2 HRS ESKATON VILLAGE GRASS VALLEY 2 HRS CLARENCE WILLIAMS' TIME IS DIVIDED AS FOLLOWS: ESKATON GOLD RIVER LODGE 2 HRS ESKATON VILLAGE ROSEVILLE 2 HRS ESKATON VILLAGE PLACERVILLE 2 HRS ESKATON 2 HRS ESKATON VILLAGE GRASS VALLEY 2 HRS MARY HOPP AND WES JUSTYN'S TIME IS DIVIDED AS FOLLOWS: ESKATON FOUNDATION 1 HR ESKATON GOLD RIVER LODGE 1 HR ESKATON VILLAGE ROSEVILLE 1 HR ESKATON VILLAGE PLACERVILLE 1 HR ESKATON 1 HR ESKATON VILLAGE GRASS VALLEY 1 HR ALL OTHER BOARD MEMBERS' TIME IS DIVIDED AS FOLLOWS: ESKATON GOLD RIVER LODGE 1 HR ESKATON VILLAGE ROSEVILLE 1 HR ESKATON VILLAGE PLACERVILLE 1 HR ESKATON 1 HR ESKATON VILLAGE GRASS VALLEY 1 HR SCHEDULE J, PART II: FORM 990, PART VII, SECTION A, COLUMNS D AND F: AMENDED COMPENSATION: COMPENSATION ON THE RETURN AS ORIGINALLY FILED OVERSTATED BASE COMPENSATION BY THE AMOUNT OF BONUS AND INCENTIVE COMPENSATION PAID. THE RETURN IS AMENDED AS FOLLOWS: BASE COMPENSATION FROM THE ORIGINAL RETURN: TODD MURCH $465,333 TREVOR HAMMOND $327,483 BILL PACE $282,500 STUART GREENBAUM $190,250 SHERI PEIFER $187,611 ELIZABETH DONOVAN $106,437 CHARLES GARCIA $180,703 LYNETTE TIDWELL $175,167 CORRECT AMOUNT OF BASE COMPENSATION: TODD MURCH $397,000 TREVOR HAMMOND $286,650 BILL PACE $255,000 STUART GREENBAUM $180,250 SHERI PEIFER $170,944 ELIZABETH DONOVAN $176,437 CHARLES GARCIA $164,036 LYNETTE TIDWELL $158,500 BONUS INCENTIVE FROM ORIGINAL RETURN: TREVOR HAMMOND $40,500 CORRECT AMOUNT OF BONUS INCENTIVE: TREVOR HAMMOND $40,833 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,490,995. CHANGE IN FAIR VALUE OF DERIVATIVE ACTIVITIES -1,014,440. PENSION VALUATION ADJUSTMENT 840,800. TOTAL TO FORM 990, PART XI, LINE 5: 2,317,355. ESKATON GOLD RIVER LODGE 5105 MANZANITA AVENUE CARMICHAEL CA 95608 941663809 SENIOR RESIDENCES & SERVICES CA 501(C)(3) LINE 9 ESKATON 1 ESKATON VILLAGE GRASS VALLEY 5105 MANZANITA AVENUE CARMICHAEL CA 95608 943358174 SENIOR RESIDENCES & SERVICES CA 501(C)(3) LINE 9 ESKATON 1 ESKATON VILLAGE ROSEVILLE 5105 MANZANITA AVENUE CARMICHAEL CA 95608 680472230 SENIOR RESIDENCES & SERVICES CA 501(C)(3) LINE 9 ESKATON 1 ESKATON VILLAGE PLACERVILLE 5105 MANZANITA AVENUE CARMICHAEL CA 95608 270704516 SENIOR RESIDENCES & SERVICES CA 501(C)(3) LINE 9 ESKATON 1 ESKATON 5105 MANZANITA AVENUE CARMICHAEL CA 95608 942906307 SENIOR HOME-BASED SERVICES CA 501(C)(3) LINE 9 N/A 0 ESKATON FOUNDATION 5105 MANZANITA AVENUE CARMICHAEL CA 95608 680227233 FUNDRAISING CA 501(C)(3) LINE 7 ESKATON 1 CALIFORNIA HEALTH CARE CONSULTANTS 5105 MANZANITA AVENUE CARMICHAEL CA 95608 942761402 LEASED EMPLOYEES FOR SENIOR RESIDENCES CA N/A C LIVABLE DESIGN 5105 MANZANITA AVENUE CARMICHAEL CA 95608 942243808 PROVIDE RESEARCH & DESIGN PRINCIPALS TO HOME BUILDERS CA N/A C 0 1 0 1 1 0 0 0 1 0 1 1 0 0 1 1 0 1 ESKATON GOLD RIVER LODGE L 338601 FMV ESKATON VILLAGE GRASS VALLEY L 380642 FMV ESKATON VILLAGE ROSEVILLE L 320820 FMV ESKATON GOLD RIVER LODGE P 2457000 FMV ESKATON VILLAGE GRASS VALLEY P 2858000 FMV ESKATON FOUNDATION B 182414 FMV ESKATON VILLAGE GRASS VALLEY O 134906 FMV ESKATON VILLAGE ROSEVILLE D 3104833 EOY BALANCE ESKATON FOUNDATION D 113732 EOY BALANCE