2026-08-31T17:15:43-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 1000 SAN FRANCISCO CA 94104 990 2025-01-01 946050476 NORTHERN CALIFORNIA CONGREGATIONAL RETIREMENT HOMES INC NORT 8316241281 8545 CARMEL VALLEY ROAD CARMEL CA 93923 JAY ZIMMER PRESIDENT & CEO 8316241281 2026-08-31 1 AMY L HENDLEY P01300654 4159561500 2026-08-31 2025 CARMEL VALLEY MANOR JAY ZIMMER 8545 CARMEL VALLEY ROAD CARMEL CA 93923 46202992 0 X WWW.CVMANOR.COM X 1960 CA TO PROVIDE HIGH QUALITY LIFE CARE FOR OLDER ADULTS IN A SAFE, ATTRACTIVE, AND CONGENIAL ENVIRONMENT, WHERE RESIDENTS CAN LIVE AND ENJOY AN ACTIVE AND SOCIALLY RESPONSIBLE ROLE IN THE COMMUNITY. 11 11 167 15 0 0 1220307 1354922 23536757 24757971 1749892 4021855 0 0 26506956 30134748 161763 0 0 0 12927534 13113506 0 0 0 13183304 14375991 26272601 27489497 234355 2645251 108350492 117848028 87849514 94102715 20500978 23745313 TO FOSTER A VIBRANT COMMUNITY OF ENGAGED ELDERS SEEKING HOLISTIC HEALTH, WELLBEING, AND PURPOSEFUL LIVING. 0 0 20704109 24757971 CARMEL VALLEY MANOR IS LOCATED IN CARMEL VALLEY, CALIFORNIA. WITH 28 ACRES OF HILLSIDE LANDSCAPE GARDENS, THE ORGANIZATION PROVIDES SENIOR RETIREMENT LIVING WITH A LIFECARE OPTION THAT INCLUDES A MULTI-DIMENSIONAL AND HOLISTIC APPROACH TO LIFE. THE MANOR'S PHILOSOPHY INCLUDES THE DIMENSIONS OF SOCIAL, EMOTIONAL, SPIRITUAL, ENVIRONMENTAL, INTELLECTUAL, AND PHYSICAL WELLNESS. THE FACILITY CONSISTS OF 146 INDEPENDENT LIVING RESIDENCES, 24 ASSISTED LIVING UNITS, AND 36 MEDICAL CENTER ROOMS. RESIDENCE, MEALS, AND MOST MEDICAL CARE AND MISCELLANEOUS SERVICES WERE PROVIDED TO APPROXIMATELY 218 RESIDENTS IN 2025. THE MANOR HAS OVER 150 SKILLED AND WELL-TRAINED EMPLOYEES FOCUSED ON CREATING A CARING AND SUPPORTIVE COMMUNITY HELPING SENIORS CONTINUE PURPOSEFUL AND DIGNIFIED LIVING. 20704109 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 102 0 1 167 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ANN-ELISE EMERSON 8316264872 8545 CARMEL VALLEY ROAD CARMEL CA 93923 DAN LIMESAND CHAIR 2.00 0.00 X X 0 0 0 JOHN STAPLES VICE CHAIR 2.00 2.00 X X 0 0 0 STEVE MERRELL TREASURER 2.00 2.00 X X 0 0 0 LARRY FINCH SECRETARY 2.00 0.00 X X 0 0 0 TAMA BISTRIAN BOARD MEMBER (THRU 11/25) 2.00 2.00 X 0 0 0 KEVIN CARTWRIGHT BOARD MEMBER (AS OF 01/25) 2.00 2.00 X 0 0 0 SUSAN FREELAND BOARD MEMBER 2.00 0.00 X 0 0 0 JIM GILBERT BOARD MEMBER 2.00 0.00 X 0 0 0 NOLAN KENNEDY BOARD MEMBER 2.00 2.00 X 0 0 0 JOHN MAHONEY BOARD MEMBER (AS OF 01/25) 2.00 0.00 X 0 0 0 MARY SEIERSEN BOARD MEMBER 2.00 0.00 X 0 0 0 KATHLEEN VENTIMIGLIA BOARD MEMBER 2.00 0.00 X 0 0 0 JAY ZIMMER PRESIDENT & CEO 40.00 5.00 X 626174 0 44875 ANN-ELISE EMERSON CHIEF FINANCIAL OFFICER 40.00 5.00 X 339610 0 66660 CHRISTINE REGAN COO & NH ADMINISTRATOR 40.00 0.00 X 214279 0 47342 DINA INOVEJAS DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 185282 0 32774 JASON GILES DIRECTOR OF CULINARY SERVICES 40.00 0.00 X 180086 0 39875 KELLY URQUIDES DIRECTOR OF NURSING 40.00 0.00 X 152600 0 37232 NINA FRANCETIC DIRECTOR OF RESIDENTIAL CARE 40.00 0.00 X 152273 0 31373 ANGELINA MACHADO DIRECTOR OF COMMUNITY RELATIONS 40.00 0.00 X 149405 0 57168 1999709 0 357299 19 0 1 0 STEVE MILNE CONSTRUCTION 49 LOS OSITOS CARMEL VALLEY CA 93924 CONSTRUCTION SERVICES 2806859 SCUDDER SOLAR ENERGY SYSTEMS 3342 PAUL DAVIS DRIVE MARINA CA 93933 SOLAR PANEL & BATTERY INSTALLATION SERVI 2408841 OTTO CONSTRUCTION 1717 2ND STREET SACRAMENTO CA 95811 CONTRACTOR FOR HEALTH CENTER 1613161 SCUDDER ROOFING 3342 PAUL DAVIS DRIVE MARINA CA 93933 ROOFING CONTRACTOR 1437262 COREWORKS 13028 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 HOUSEKEEPING & LAUNDRY SERVICES 1243631 20 612336 742586 140582 1354922 RESIDENT CARE FEES 623000 17426900 17426900 ENTRANCE FEES 623000 5727952 5727952 OTHER OPERATING INCOME 623000 1603119 1603119 24757971 1013147 1013147 121331 121331 18955621 16068244 2887377 2887377 2887377 30134748 24757971 0 4021855 1338940 261621 1077319 8317721 7439700 878021 158545 155718 2827 2582656 2150111 432545 715644 640100 75544 92183 92183 47917 47917 20143 20143 1908569 1656088 252481 212621 212621 252887 202619 50268 202208 2863 199345 1556338 1556338 26319 11956 14363 25342 25342 1729674 1729674 5066709 5038690 28019 1415727 1415727 FOOD 1104558 1083973 20585 REPAIRS, MAINTENANCE, A 268741 268741 LICENSES AND PERMITS 80314 4665 75649 LANDSCAPING 62327 62327 303414 148456 154958 27489497 20704109 6785388 0 2150242 1176858 1000006 2029054 142198 23178 275000 137500 1127053 1245883 125440167 51631364 61102639 73808803 42184337 39057735 369017 369017 108350492 117848028 2982414 3259095 46751335 52991294 35913582 35302403 2202183 2549923 87849514 94102715 X 20255084 23502616 245894 242697 20500978 23745313 108350492 117848028 X 2645251 636447 -37363 X 0 1 X 1 0 X 1533160 1240762 997612 1220307 1354922 6346763 17214236 19486925 21575624 23536757 24757971 106571513 18747396 20727687 22573236 24757064 26112893 112918276 559728 631584 906862 950869 864339 3913382 7617404 7617404 559728 631584 906862 950869 8481743 11530786 101387490 850328 706222 1369048 1381133 1134478 5441209 850328 706222 1369048 1381133 1134478 5441209 19597724 21433909 23942284 26138197 27247371 118359485 0.85660 0.92480 0.04600 0.04330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20143 20143 0 PART II-B, LINE 1: THE ORGANIZATION PAYS ANNUAL MEMBERSHIP DUES TO LEADINGAGE, A COMMUNITY OF NONPROFIT AGING SERVICES PROVIDERS AND OTHER MISSION-DRIVEN ORGANIZATIONS SERVING OLDER ADULTS. LEADINGAGE PARTICIPATES IN LOBBYING ACTIVITIES RELATED TO THE INDUSTRY ON BEHALF OF ITS MEMBERS. 16130490 31500 2647899 612336 86770 18110783 15270739 358044 1150571 648864 16130490 14433806 323197 1456598 942862 15270739 17455988 138551 -2409936 750797 14433806 15667357 374752 2071046 667167 17445988 0.51900 0.31100 0.17000 0 0 5982221 5982221 97218773 48431020 48787753 5315885 3200344 2115541 16923288 16923288 73808803 ADVANCES FROM APPLICANTS 2212000 ANNUITY OBLIGATIONS 337923 2549923 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE RETAINED IN PERPETUITY TO PROVIDE INCREASING INCOME TO THE MANOR AND MAY BE USED ONLY TO MEET THE STATUTORY RESERVE REQUIREMENTS OF THE STATE OF CALIFORNIA OR TO MEET UNFORESEEN EMERGENCIES IF THE ORGANIZATION'S FUNDS ARE INSUFFICIENT. ADDITIONALLY, THESE FUNDS ARE TO BE USED FOR FUNDING IMPROVEMENTS WHICH WILL SUBSTANTIALLY IMPROVE THE QUALITY OF LIFE FOR RESIDENTS AT THE MANOR. PART X, LINE 2: THE MANOR AND THE FOUNDATION ARE EXEMPT FROM UNITED STATES FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND THE CORRESPONDING CALIFORNIA PROVISIONS, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME (UBIT) AS DEFINED BY THE IRC. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2025 AND 2024. X 0 0 X X 0 0 0 0 0 0 0 0 0 JAY ZIMMER PRESIDENT & CEO 360844 0 133130 0 132200 0 8309 0 36566 0 671049 0 0 0 ANN-ELISE EMERSON CHIEF FINANCIAL OFFICER 245136 0 94474 0 0 0 7954 0 58706 0 406270 0 0 0 CHRISTINE REGAN COO & NH ADMINISTRATOR 186659 0 27620 0 0 0 6041 0 41301 0 261621 0 0 0 JASON GILES DIRECTOR OF CULINARY SERVICES 157929 0 22157 0 0 0 0 0 39875 0 219961 0 0 0 DINA INOVEJAS DIRECTOR OF HUMAN RESOURCES 165776 0 19506 0 0 0 0 0 32774 0 218056 0 0 0 ANGELINA MACHADO DIRECTOR OF COMMUNITY RELATIONS 113687 0 35718 0 0 0 3795 0 53373 0 206573 0 0 0 KELLY URQUIDES DIRECTOR OF NURSING 131088 0 21512 0 0 0 4146 0 33086 0 189832 0 0 0 NINA FRANCETIC DIRECTOR OF RESIDENTIAL CARE 129100 0 23173 0 0 0 3757 0 27616 0 183646 0 0 0 PART I, LINE 1A THE PRESIDENT & CEO RECEIVED LOAN FORGIVENESS AND TAX INDEMNIFICATION PAYMENTS OF $132,200 REPORTED AS TAXABLE INCOME IN SCHEDULE J, PART II, COLUMN B(III). THE INDEMNIFICATION PAYMENTS WERE MADE TO COVER INCURRED AND EXPECTED TAX LIABILITIES FOR THE LOAN FORGIVENESS APPLICABLE TO THE CURRENT CALENDAR YEAR THAT IS BEING FORGIVEN OVER A FOUR-YEAR PERIOD THROUGH 2027. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VF29 2022-09-08 39482802 CONSTRUCT AND EQUIP FACILITIES 0 0 0 A 1160000 39482802 1234686 710690 1865400 33428085 2243941 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/15/2026 JAY ZIMMER PRESIDENT & CEO HOUSING LOAN X 275000 137500 0 1 1 137500 X 1 140582 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE DEPARTMENT. A DRAFT FORM 990 IS REVIEWED BY MANAGEMENT AND ADJUSTMENTS ARE MADE AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH COVERS ALL EMPLOYEES AND VOTING MEMBERS OF THE BOARD OF DIRECTORS ("COVERED INDIVIDUAL"). UNDER THE CONFLICT OF INTEREST POLICY, EACH COVERED INDIVIDUAL HAS AN ONGOING DUTY TO DISCLOSE TO THE PRESIDENT & CEO (OR THE BOARD, IN THE EVENT THE CONFLICTED INDIVIDUAL IS THE PRESIDENT & CEO) THE EXISTENCE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. THE CONFLICTED INDIVIDUAL IS NOT PERMITTED TO PARTICIPATE IN THE DELIBERATIONS OR DECISIONS REGARDING THE ACTUAL OR POTENTIAL CONFLICT OF INTEREST WHILE ITS DETERMINED WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SETS THE PRESIDENT & CEO'S COMPENSATION ANNUALLY, WHICH INCLUDES A BONUS BASED ON ANNUAL PERFORMANCE. TO DETERMINE APPROPRIATE COMPENSATION, THE BOARD UTILIZED A COMPENSATION STUDY (WHICH WAS LAST COMPLETED IN 2025) AS WELL OTHER INDUSTRY COMPENSATION STUDIES (INCLUDING LEADINGAGE'S ANNUAL COMPENSATION STUDY FOR NURSING HOMES). CVM'S POLICY IS TO COMPLETE A LOCAL COMPENSATION BIENNUALLY. THE PRESIDENT & CEO SETS THE SALARIES AND INCENTIVE COMPENSATION PACKAGES FOR OTHER OFFICERS AND KEY EMPLOYEES BASED ON THE AFOREMENTIONED COMPENSATION STUDY, TAKING INTO ACCOUNT EMPLOYEE PERFORMANCE. THIS PROCESS IS ALSO REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. COPIES ARE ALSO PLACED IN THE RESIDENTS' LIBRARY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -37,363. CARMEL VALLEY MANOR FOUNDATION 8545 CARMEL VALLEY RD CARMEL CA 93923 822771192 FUNDRAISING SUPPORT FOR CHARITABLE ACTIVITIES CA 501(C)(3) LINE 12A, I NORTHERN CALIFORNIA CONGREGATIONAL RETIREMENT HOMES INC 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 CARMEL VALLEY MANOR FOUNDATION C 612336 BOOK VALUE CARMEL VALLEY MANOR FOUNDATION Q 86770 COST