2011-05-13T16:23:38-05:00 2010-06-30 SEILER LLP THREE LAGOON DRIVE STE 400 REDWOOD CITY CA 94065 990 2009-07-01 030594291 899 CHARLESTON 899C 6504333614 899 E CHARLESTON ROAD PALO ALTO CA 94303 MARILYN ISRAEL 6504333614 2011-05-16 true DEBRA K MCCALL 6503654646 2009 2016-02-24 21:20:13Z MOLDAW FAMILY RESIDENCES MARILYN ISRAEL EXECUTIVE DIR 899 E CHARLESTON ROAD PALO ALTO CA 94303 3930655 false 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 8 8 53 0 0 251250 1577938 0 1893919 517 458798 0 0 251767 3930655 0 0 0 0 58256 2149682 0 0 316667 178685 14275845 236941 16425527 14826 -12494872 205765937 183909659 199098784 188396702 6667153 -4487043 We 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 & backgrounds of the entire Peninsula region in offering a completely unique retirement option-"Unretirement!" false false 13782229 0 1893919 CONSTRUCTion AND OPERATIon of 193 MAINTENANCE-FREE APARTMENTS, INCLUDING 182 units FOR INDEPENDENT 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 ALSO PROVIDEs FOR RESIDENTS' FUTURE HEALTHCARE, as NEEDED. PERSONALIZED ASSISTED LIVING SERVICES are AVAILABLE, AND THE COMMUNITY INCLUDEs 11 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 Family Residences provided independent living and MEMORY SUPPORT LIVING to elderly residents. There were 87 residents at June 30, 2010. 13782229 true true false false false false false false true true true false false false false false false false false false false false false true true false true false false false false false false false false false false false false false false false false false true 6 0 true 53 true false false false false false false false false false 8 8 false false false false false false false true true false false true true true true true true true true false CA X KEVIN POTTER CFO 4155622505 302 SILVER AVENUE SAN FRANCISCO CA 94112 LARRY MARKS 2.0 X X 0 0 0 MICHAEL ADLER 2.0 X X 0 0 0 SHELLEY HEBERT 2.0 X 0 0 0 STUART KLEIN 4.0 X X 0 0 0 CAROL ROBERTS 2.0 X 0 0 0 LOREN SAXE 2.0 X 0 0 0 DAVID FRIEDMAN 2.0 X X 0 0 0 MARILYN ISRAEL 40.0 X 130939 0 12048 KEVIN POTTER 4.0 X 9236 0 0 DANIEL RUTH 18.0 X 97496 0 0 237671 0 12048 1 false false true 0 1577938 1577938 RESIDENT FEES 623000 1507533 1507533 ANCILLARY SERVICES 623000 74273 74273 AMORTIZATION OF ENTRANCE FEES 623000 312113 312113 1893919 458798 458798 0 0 0 0 0 0 0 3930655 1893919 458798 0 0 0 0 383403 383403 0 1360190 1288767 57980 13443 0 265212 181049 80075 4088 140877 99217 40588 1072 208000 208000 279459 279459 33322 33322 0 0 0 2390840 1538661 554480 297699 0 62310 28419 33526 365 0 0 889081 889081 0 0 0 3971243 3931531 39712 0 3356646 3023758 332888 140312 140312 RESIDENT EXPENSES 207095 204453 2642 LOC & REMARKETING FEES 1893470 1874535 18935 MARKETING EXPENSES 249167 249167 SUPPLIES & EQUIPMENT 136745 112874 23871 OTHER EXPENSES 458155 220405 237750 16425527 13782229 2326631 316667 151568 431383 53095566 25515428 4660044 2037579 516630 606545 0 1724771 656883 617889 147010486 3270940 139057787 143739546 7627459 9236518 205765937 183909659 16100332 1364368 0 4228186 165805000 133025000 0 3842686 17193452 45936462 199098784 188396702 X -12576997 -10140131 15379800 2663738 3864350 2989350 6667153 -4487043 205765937 183909659 X false true true X false X 251250 1577938 1829188 251250 1577938 1829188 660070 1169118 517 458798 459315 2288503 1829188 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3683919 -875000 154487 2963406 3683531 388 3683919 1.00000 true false 13118538 13118538 127198592 2599101 124599491 2513324 379383 2133941 4180032 292456 3887576 143739546 BOND ISSUANCE COST, NET 3099314 BENEFICIAL INTEREST IN JEWISH 3039406 DEFERRED CONTINUING-CARE 3073042 SUPPLIES 24756 9236518 0 REFUNDABLE DEPOSIT 2188107 REFUNDABLE ENTRANCE FEES 37127482 DERIVATIVE FINANCIAL INSTRUMENT 6620873 45936462 3930655 16425527 -12494872 1340676 1340676 -11154196 5271331 1340676 1340676 3930655 3930655 16425527 16425527 16425527 ENDOWMENT FUNDS PART V PART V, LINE 1b, COLUMN (A) DONOR RECHARACTERIZED PRIOR YEAR CONTRIBUTION FROM THE ENDOWMENT FUND TO THE CAPITAL CAMPAIGN FUND. ENDOWMENT FUNDS PART V PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUND IS 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. OTHER PART XI PART XI, LINE 8 1. UNREALIZED GAIN ON DERIVATIVE FINANCIAL INSTRUMENT $1,186,189. 2. CHANGE IN BENEFICIAL INTEREST IN JEWISH HOME & SENIOR LIVING FOUNDATION 154,487. -------------- TOTAL $1,340,676. ============== OTHER PART XII PART XII, LINE 2d REVENUE INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON FORM 990: 1. UNREALIZED GAIN ON DERIVATIVE FINANCIAL INSTRUMENT $1,186,189. 2. CHANGE IN BENEFICIAL INTEREST IN JEWISH HOME & SENIOR LIVING FOUNDATION 154,487. -------------- TOTAL $1,340,676. ============== X X X false false false false false false false false false KEVIN POTTER 9236 0 0 0 0 0 0 0 0 0 9236 0 0 0 DANIEL RUTH 97496 0 0 0 0 0 0 0 0 0 97496 0 0 0 Part II IN ACCORDANCE WITH A SERVICE AGREEMENT THE ORGANIZATION REIMBURSES HEBREW HOME FOR THE AGED DISABLED FOR MANAGERIAL DUTIES PERFORMED BY ITS EMPLOYEES ON BEHALF OF THE ORGANIZATION. THE COMPENSATION REPORTED IN PART II REPRESENTS THE AMOUNTS REIMBURSED UNDER THIS SERVICE AGREEMENT. ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CLW8 2007-06-16 165805000 SEE SCHEDULE O false true 165805000 8978388 415214 1729216 154682182 2009 false false true true false false false false true 0.00000 0.00000 0.00000 true false true true See Schedule O 9.75 true See Schedule O 4.75 true false true FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD OF TRUSTEES PRIOR TO FILING. THE BOARD REVIEWED AND APPROVED THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX RETURN PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. POLICY MONITORING AND COMPLIANCE FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND PRINCIPAL OFFICER OF THE ORGANIZATION AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS ANNUALLY 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. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES 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 OF TRUSTEES APPROVED THE ANNUAL BUDGET THAT INCLUDES SALARY EXPENSE. IN ACCORDANCE WITH A SERVICE AGREEMENT, THE ORGANIZATION CONTRACTS SOME OF ITS EMPLOYEES FROM AN UNRELATED ORGANIZATION BASED ON THE NUMBER OF HOURS WORKED BY THESE INDIVIDUALS FOR THE ORGANIZATION. THE SERVICE AGREEMENT IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. AVAILABILITY OF DOCUMENTS FOR PUBLIC INSPECTION 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. TAX Exempt bonds description of purpose Schedule K, Part I, Row A, Column (F) TO FINANCE THE CONSTRUCTION AND EQUIPPING OF A NONPROFIT CONITNUING CARE RETIREMENT COMMUNITY SCHEDULE K, PART IV, LINE 3b and 4b LINE 3B - MORGAN STANLEY CAPITAL SERVICES, INC LINE 4B - TRANSAMERICA LIFE INSURANCE COMPANY AUDIT OVERSIGHT FORM 990, PART XI, LINE 2C THE ROLE AND THE PROCESS OF THE AUDIT COMMITTEE HAS NOT CHANGED.