2024-05-02T13:44:55-05:00 2023-06-30 910189318 MOSS ADAMS LLP 225 S LAKE AVE 900 PASADENA CA 91101 990 2022-07-01 270707394 MONTECEDRO INC MONT 6264035400 2212 EL MOLINO AVE ALTADENA CA 91001 JAMES S ROTHROCK PRESIDENT & CEO 6264035400 2024-05-01 1 JAMES ROTHROCK 999009999 1 LAUREN A HAVERLOCK P00545829 3104770450 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS JAMES S ROTHROCK 2212 EL MOLINO AVE ALTADENA CA 91001 35659408 0 X WWW.MONTECEDRO.ORG X 2009 CA MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSES. MCINC OPERATES A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) IN ALTADENA, CALIFORNIA (MONTECEDRO) CONSISTING OF RESIDENTIAL AND ASSISTED LIVING. MCINC IS ORGANIZED AS A NONPROFIT CORPORATION UNDER THE GENERAL NONPROFIT CORPORATION LAWS OF THE STATE OF CALIFORNIA. MONTECEDRO OPENED DECEMBER 16, 2015. 13 12 182 51 0 0 4845 33140 19251405 21918154 2121168 2165002 28031 30206 21405449 24146502 0 0 0 0 9225258 10023305 0 0 7003 14268543 14510586 23493801 24533891 -2088352 -387389 184409205 184046760 180006250 177246944 4402955 6799816 X MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS 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. 0 0 20808679 0 21929397 MC INC. WAS CREATED TO OPERATE HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENT'S HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS. 20808679 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 78 0 1 182 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X CHARLES RAHILLY 6264035400 2212 EL MOLINO AVE ALTADENA CA 91001 JAMES S ROTHROCK PRESIDENT & CEO 1.00 39.00 X X 0 622406 48657 TERRY QUIGLEY VP OPERATIONS & COO 10.00 30.00 X 0 471356 34092 CHARLIE RAHILLY VP FINANCE & CFO 12.00 28.00 X 0 420697 34344 SHARON PEWTRESS VP STRATEGIC GROWTH 8.00 32.00 X 0 356492 28232 KRISTA NAY VP SALES & MARKETING 10.00 30.00 X 0 326663 25740 STACIE OCAMPO VP HUMAN RESOURCES 10.00 30.00 X 0 326403 19028 DAVID WEIDERT EXECUTIVE DIRECTOR 40.00 0.00 X 317136 0 20092 ELIZABETH SALDEBAR MARKETING-SALES 40.00 0.00 X 231845 0 23650 RUBEN ALVARADO MARKETING-SALES 40.00 0.00 X 161191 0 18763 SERGEYEV RUZANNA DIRECTOR OF RESIDENT HEALTH SERV 40.00 0.00 X 138333 0 9353 BRUNO MOLINA DIRECTOR OF ENVIRONMENTAL SERV 40.00 0.00 X 130669 0 17487 CATHERINE MAY CHAIR 1.00 4.00 X X 0 0 0 GWEN WHITSON VICE CHAIR 1.00 4.00 X X 0 0 0 TIM HARTLEY SECRETARY-TREASURER 1.00 4.00 X X 0 0 0 JONATHAN CULLEN DIRECTOR 1.00 4.00 X 0 0 0 GERTI GARNER DIRECTOR 1.00 4.00 X 0 0 0 JOYCE TURNER DIRECTOR 1.00 4.00 X 0 0 0 JACK LANTZ DIRECTOR 1.00 4.00 X 0 0 0 ROBERT LONG DIRECTOR 1.00 4.00 X 0 0 0 GABRIEL MENDHAM DIRECTOR 1.00 4.00 X 0 0 0 MICHAEL RYAN DIRECTOR 1.00 4.00 X 0 0 0 JANE SCHLEGEL DIRECTOR 1.00 4.00 X 0 0 0 JIM WHITE DIRECTOR 1.00 4.00 X 0 0 0 EVELYN DANOWITZ DIRECTOR (THRU JAN 2023) 1.00 4.00 X 0 0 0 BILL HORSFALL DIRECTOR (THRU AUG 2022) 1.00 4.00 X 0 0 0 ROSE CHAN LOUI DIRECTOR (THRU OCT 2022) 1.00 4.00 X 0 0 0 979174 2524017 279438 5 0 1 0 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 30368 CATERING 1591572 CORPUZ PINEDA STAFFING SERVICES 4215 PORTOLA AVENUE LOS ANGELES CA 90032 CONTRACT LABOR 1328784 CASTLEROCK DESIGN GROUP INC 2501 MARGARET DRIVE SUITE A NEWPORT BEACH NY 92663 CONSTRUCTION 306324 BRIGHTVIEW LANDSCAPE SERVICES INC PO BOX 31001-2463 PASADENA CA 91110 CONSTRUCTION 176977 BUCCOLA LANDSCAPE SERVICES 2881 E LA CRESTA AVENUE ANAHEIM CA 92806 CONSTRUCTION 141990 5 33140 33140 RESIDENT CARE FEES 623000 16311559 16311559 ANCILLARY SERVICES 623990 3716547 3716547 AMORT OF ENTRANCE FEES 721000 1890048 1890048 21918154 1169861 1169861 18963 0 18963 18963 18963 12508047 11509474 3432 998573 -3432 995141 995141 OTHER INCOME 561499 11243 11243 11243 24146502 21929397 0 2183965 X 345924 345924 6856525 5382979 1473546 383799 238320 142391 3088 1166922 963986 200770 2166 1270135 1046639 221747 1749 116588 116588 11235 11235 55587 55587 3654557 3156672 497885 228638 197312 31326 597145 513615 83530 1100645 1070180 30465 46077 11305 34772 721110 681351 39759 1402317 1381780 20537 5462968 5382963 80005 484282 473157 11125 629437 308420 321017 24533891 20808679 3718209 7003 4462969 3539939 318305 586593 1800634 1138883 113167 112890 440181 239372 171741915 38470788 134553103 133271127 36459420 40915274 58923 0 2045044 108377 4157459 4134305 184409205 184046760 1372915 5564317 132918008 133721812 44428640 0 1286687 37960815 180006250 177246944 X 4260161 6640854 142794 158962 4402955 6799816 184409205 184046760 X -387389 2795508 -11258 X 0 1 X 1 0 X 27162 54527 1109522 4845 33140 1229196 17130202 18479813 18519625 19251405 21918154 95299199 17157364 18534340 19629147 19256250 21951294 96528395 0 0 0 96528395 1013186 1116123 1226020 2021466 1188824 6565619 1013186 1116123 1226020 2021466 1188824 6565619 59149 57049 314383 16862 11243 458686 18229699 19707512 21169550 21294578 23151361 103552700 0.93220 0.93130 0.06340 0.06200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 59,149. 2019 AMOUNT: $ 57,049. 2020 AMOUNT: $ 314,383. 2021 AMOUNT: $ 16,862. 2022 AMOUNT: $ 11,243. SCHEDULE A, PART IV SUPPLEMENTARY INFORMATION: THE ORGANIZATION HAS RECEIVED ITS EXEMPTION AS A SUPPORTING ORGANIZATION AND COMPLETES THE SCHEDULE A, PART III TEST TO SHOW THAT IT IS PUBLIC SUPPORTED. 17289427 17289427 147736481 35088347 112648134 6716007 3382441 3333566 133271127 DUE TO RELATED PARTIES 170815 BONDS PAYABLE 37790000 37960815 X 26961897 2795508 16455 2811963 24149934 -3432 -3432 24146502 24537323 3432 3432 24533891 0 24533891 PART X, LINE 2: NONPROFIT ORGANIZATIONS ARE GENERALLY NOT LIABLE FOR TAXES ON INCOME. THEREFORE, OTHER THAN THE CALIFORNIA ANNUAL MINIMUM TAX AND ANNUAL FEE RELATED TO ECSLLC AND ARTFUL, LLC, NO PROVISION IS MADE FOR SUCH TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH GAAP. THE ORGANIZATION CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING THEIR TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY ANTICIPATE ACTUAL OUTCOMES. THE ORGANIZATION EVALUATES THEIR UNCERTAIN TAX POSITIONS USING THE PROVISIONS IN CONFORMITY WITH 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 THE ORGANIZATION'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 TAKEN INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. SINCE MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTERESTS AS A RESULT OF SUCH CHALLENGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 16,455. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -3,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 3,432. X X X X X 0 0 0 0 0 0 0 1 0 JAMES S ROTHROCK PRESIDENT & CEO 0 494503 0 106575 0 21328 0 31125 0 17532 0 671063 0 0 TERRY QUIGLEY VP OPERATIONS & COO 0 364789 0 85239 0 21328 0 26200 0 7892 0 505448 0 0 CHARLIE RAHILLY VP FINANCE & CFO 0 307284 0 92085 0 21328 0 23661 0 10683 0 455041 0 0 SHARON PEWTRESS VP STRATEGIC GROWTH 0 265428 0 69736 0 21328 0 20340 0 7892 0 384724 0 0 KRISTA NAY VP SALES & MARKETING 0 266086 0 40215 0 20362 0 13725 0 12015 0 352403 0 0 STACIE OCAMPO VP HUMAN RESOURCES 0 252673 0 52462 0 21268 0 17050 0 1978 0 345431 0 0 DAVID WEIDERT EXECUTIVE DIRECTOR 229466 0 66563 0 21107 0 12889 0 7203 0 337228 0 0 0 ELIZABETH SALDEBAR MARKETING-SALES 103037 0 128531 0 277 0 10687 0 12963 0 255495 0 0 0 RUBEN ALVARADO MARKETING-SALES 103668 0 57211 0 312 0 7590 0 11173 0 179954 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID MARKETING INCENTIVES BASED ON OCCUPANCY. THE ORGANIZATION ALSO PROVIDED A FINANCIAL INCENTIVE FOR KEY LEADERSHIP TO IMPROVE OPERATIONAL PERFORMANCE, RESIDENT SATISFACTION, EMPLOYEE SATISFACTION, QUALITY OF CARE AND PURSUE INNOVATION. FORM 990, PART VI, SECTION A, LINE 6 MONTECEDRO, INC. IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED WITH A SOLE CONTROLLING MEMBER, EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS, A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF MONTECEDRO INC. HAS THE RIGHT TO ELECT THE BOARD OF DIRECTORS AS WELL AS APPOINT THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER OF THE MONTECEDRO, INC. HAS RESERVED THE RIGHT TO MAKE ALL HIGH LEVEL GOVERNANCE DECISIONS SUCH AS APPROVAL OF INDEBTEDNESS, REAL PROPERTY TRANSACTIONS, MISSION AND LONG RANGING PLANNING, AS WELL AS THE APPOINTMENT OF INDEPENDENT AUDITORS AND CORPORATE COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B 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 B, LINE 15 THE COMPENSATION OF THE PRESIDENT/CEO AND CFO IS ESTABLISHED BY A RELATED ORGANIZATION, EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS (ECS). ECS USED ALL OF THE FOLLOWING IN ESTABLISHING COMPENSATION: GOVERNANCE COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 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 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 IX, LINE 11G PURCHASED SERVICES OTHER PROGRAM SERVICES: PROGRAM SERVICE EXPENSES 1,308,540. MANAGEMENT AND GENERAL EXPENSES 497,885. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,806,425. PURCHASED SERVICES SKILLED NURSING: PROGRAM SERVICE EXPENSES 1,848,132. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,848,132. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 6,570. TRANSFER OF NET ASSETS TO RELATED PARTIES, NET -17,828. EPISOPAL COMMUNITIES & SERVICES FOR SENIORS 2212 EL MOLINO AVE ALTADENA CA 91001 951642373 PROMOTES HEALTH & WELL BEING OF OLDER ADULTS THRU CARE, SERVICES & HOUSING CA 501(C)(3) LINE 10 N/A 0 CREATIVE HOUSING & SERVICES 2212 EL MOLINO AVE ALTADENA CA 91001 330204306 PROVIDES SERVICES TO AFFORDABLE SENIOR AND DISABLE HOUSING CA 501(C)(3) LINE 10 EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 ECS SUPPORTIVE FUND MANAGEMENT 2212 EL MOLINO AVE ALTADENA CA 91001 471102014 SUPPORTS VIBRANT COMMUNITY FOR SENIORS THROUGH BENEVOLENCE AND INNOVATION. CA 501(C)(3) LINE 12A, I EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 TWELVE OAKS FOUNDATION 2212 EL MOLINO AVE ALTADENA CA 91001 971750019 PROVIDES ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES CA 501(C)(3) LINE 7 EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 CASA DE LOS AMIGOS LP 2212 EL MOLINO AVE ALTADENA CA 91001 861156700 PROVIDE AFFORDABLE HOUSING CA N/A 0 0 CHARITABLE GIFT ANNUITIES (3) PROVIDE SUPPORT CA N/A T 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0