2025-05-12T16:53:49-05:00 2024-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-07-01 030594291 899 CHARLESTON 899C 6504346106 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 BEN CHAIKA CHIEF FINANCIAL OFFICER 6504346106 2025-05-12 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-05-12 2023 2025-03-06 01:10:19Z MOLDAW RESIDENCES MARK BADDAS 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 17955693 0 X WWW.MOLDAW.ORG X 2006 CA TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS AND ADDRESS THE WELL-BEING OF THE RESIDENTS. 16 16 149 20 0 0 82460 174729 13499749 16119227 495965 1642350 232363 19387 14310537 17955693 0 0 0 0 7305437 8231066 0 0 0 14957774 14120288 22263211 22351354 -7952674 -4395661 136006219 138950165 194688735 201554225 -58682516 -62604060 X WE SUPPORT THE HIGHEST LEVEL OF INDEPENDENCE FOR EACH INDIVIDUAL BY PROMOTING THE PURSUIT OF A HEALTHFUL LIFESTYLE AND COMMUNITY INVOLVEMENT ON OUR MULTI-GENERATIONAL CAMPUS. WE SEEK TO PRESERVE JEWISH COMMUNITY VALUES AND TRADITIONS, WHILE SERVING THE DIVERSE CULTURES AND BACKGROUNDS OF THE ENTIRE PENINSULA REGION. 0 0 19254071 0 16119227 DURING THE FISCAL YEAR, 899 CHARLESTON DBA MOLDAW RESIDENCES OPERATED A 193-UNIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING 170 UNITS FOR INDEPENDENT LIVING, 12 FOR ASSISTED LIVING, AND 11 UNITS FOR SPECIALIZED MEMORY SUPPORT. IT PROVIDED MEDICAL AND WELLNESS SERVICES, MEALS, HOUSEKEEPING SERVICES, ACTIVITIES, AND TRANSPORTATION FOR THE RESIDENTS. THERE WAS AN AVERAGE OF 204 RESIDENTS DURING THE FISCAL YEAR. 19254071 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 55 0 1 149 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BEN CHAIKA 6506901037 899 CHARLESTON ROAD PALO ALTO CA 94303 GINA ROSENFIELD CHAIR 1.00 X X 0 0 0 MARLENE LEVENSON VICE-CHAIR 1.00 X X 0 0 0 STEVE MONOSSON SECRETARY 1.00 X X 0 0 0 EFRAT KAZNIK TREASURER 1.00 X X 0 0 0 NORM BERKMAN DIRECTOR 1.00 X 0 0 0 RITA GHATAK DIRECTOR 1.00 X 0 0 0 TONY KLEIN DIRECTOR 1.00 X 0 0 0 CAROLE KUSHNIR DIRECTOR 1.00 X 0 0 0 NICOLE LANCE DIRECTOR (THROUGH 10/2023) 1.00 X 0 0 0 LARRY MARKS DIRECTOR 1.00 X 0 0 0 CAROL ROBERTS DIRECTOR 1.00 X 0 0 0 NANCY ROSSEN DIRECTOR 1.00 X 0 0 0 ALEX ROZENFELD DIRECTOR 1.00 X 0 0 0 RIC RUDMAN DIRECTOR 1.00 X 0 0 0 CRAIG SEIDEL DIRECTOR (START 07/2023) 1.00 X 0 0 0 JEFFREY SOSNICK DIRECTOR 1.00 X 0 0 0 DAVID STEIRMAN DIRECTOR 1.00 X 0 0 0 BEN CHAIKA CHIEF FINANCIAL OFFICER 40.00 X 228458 0 2391 ELYSE GERSON EXEC. DIRECTOR (THROUGH 07/2023) 40.00 X 153873 0 17490 MARC STROSCHEIN INT. EXEC. DIRECTOR (THROUGH 11/2023) 40.00 X 168503 0 0 MARK BADDAS EXECUTIVE DIRECTOR (START 11/2023) 40.00 X 23133 0 2374 KATHYA RAVELLO HUMAN RESOURCES DIRECTOR 40.00 X 153477 0 43229 STACY GUTHMANN SALES AND MARKETING DIRECTOR 40.00 X 177003 0 12315 ALLAIN BERNABE EXECUTIVE CHEFF 40.00 X 134804 0 36866 J MANUEL LOPEZ PLANT OPERATIONS DIRECTOR 40.00 X 123882 0 37654 ARIELLE HENDEL FUND DEVELOPMENT DIRECTOR 40.00 X 110388 0 5472 1273521 0 157791 9 0 1 1 LIFE CARE SERVICES LLC 400 LOCUST STREET DES MOINES IA 50309 MANAGEMENT / ADMINISTRATIVE SERVICES 1318177 ACCO ENGINEERED SYSTEMS PO BOX 847360 DEPT 5658 LOS ANGELES CA 90084 MAINTENANCE & REPAIR SERVICES 646532 ALL ABOUT PARKING 100 S ELLSWORTH AVENUE SUITE 203 SAN MATEO CA 94401 VALET PARKING SERVICES 326666 POINT B COMMUNICATIONS 600 WEST FULTON STREET SUITE 710 CHICAGO IL 60661 MARKETING SERVICES 243521 EXIGENCY HEALTHCARE SERVICES LLC 4041 MAISON LANE TRACY CA 95377 HEALTHCARE STAFFING 235932 8 174729 500 174729 RESIDENT FEES 623000 14602718 14602718 AMORT OF ENTRANCE FEES 623000 1387212 1387212 OTHER OPERATING REV 623000 129297 129297 16119227 1642350 1642350 18140 0 18140 18140 18140 MISCELLANEOUS REVENUE 900099 1247 1247 1247 17955693 16119227 0 1661737 605295 94934 510361 6280970 6158259 122711 76476 76476 822804 705968 116836 445521 371622 73899 665916 665916 60378 60378 81707 8800 72907 599139 512159 86980 382233 375888 6345 130948 4054 126894 332101 332101 1150248 977850 172398 96662 44165 52497 19906 19906 3884792 3884792 3896319 3896319 438338 438338 FOOD COSTS 987774 987774 MEDICAL SUPPLIES 376965 327765 49200 REPAIRS & MAINTENANCE 359004 359004 DUES, FEES, & LICENSES 256580 204247 52333 401278 244089 157189 22351354 19254071 3097283 0 8864008 7939145 19426572 22535952 49191 229482 904664 1968516 22492 22492 290340 194907 155833979 61092664 97310171 94741315 0 10341515 9138781 976841 136006219 138950165 1508562 1307422 10585560 13461157 63156227 62076168 4803160 4272026 114635226 120437452 194688735 201554225 X -67355012 -71718216 8672496 9114156 -58682516 -62604060 136006219 138950165 X -4395661 66343 407774 X 0 1 X 1 0 X 110322 1194872 127526 82460 174729 1689909 16206917 15604879 14106626 13499749 16119227 75537398 16317239 16799751 14234152 13582209 16293956 77227307 71071 243762 71788 71917 15000 473538 0 71071 243762 71788 71917 15000 473538 76753769 274775 59228 91667 511511 1660490 2597671 274775 59228 91667 511511 1660490 2597671 140150 158917 35316 216817 1247 552447 16732164 17017896 14361135 14310537 17955693 80377425 0.95490 0.97190 0.03230 0.01500 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 140,150. 2020 AMOUNT: $ 158,917. 2021 AMOUNT: $ 35,316. 2022 AMOUNT: $ 216,817. 2023 AMOUNT: $ 1,247. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8330396 745013 476710 8598699 8221046 650719 541369 8330396 9502395 -1144737 136612 8221046 8089314 1523780 110699 9502395 7746850 342464 8089314 0.00000 0.56020 0.43980 0 0 13118538 13118538 131580599 52214668 79365931 10163064 8243085 1919979 971778 634911 336867 94741315 REFUNDABLE DEPOSITS 586867 REFUNDABLE ENTRANCE FEES 119850585 120437452 X 18429810 66343 407774 474117 17955693 0 17955693 22351354 0 22351354 0 22351354 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT FOR RESIDENTS OF MOLDAW RESIDENCES OR ACCEPTED APPLICANTS WHO CANNOT AFFORD A PORTION OF EITHER THE ENTRY FEE OR THE CONTINUING MONTHLY COSTS, AND INCLUDES ACCUMULATED EARNINGS THEREON THAT HAVE NOT YET BEEN EXPENDED. PART X, LINE 2: U.S. GAAP REQUIRES THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE ORGANIZATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN BENEFICIAL INTEREST IN JEWISH HOME & SENIOR LIVING FOUNDATION 407,774. X 0 0 0 0 0 0 0 0 0 BEN CHAIKA CHIEF FINANCIAL OFFICER 228458 0 0 0 0 0 2121 0 270 0 230849 0 0 0 KATHYA RAVELLO HUMAN RESOURCES DIRECTOR 153477 0 0 0 0 0 6384 0 36845 0 196706 0 0 0 STACY GUTHMANN SALES AND MARKETING DIRECTOR 177003 0 0 0 0 0 3107 0 9208 0 189318 0 0 0 ALLAIN BERNABE EXECUTIVE CHEFF 134804 0 0 0 0 0 4572 0 32294 0 171670 0 0 0 ELYSE GERSON EXEC. DIRECTOR (THROUGH 07/2023) 153873 0 0 0 0 0 6235 0 11255 0 171363 0 0 0 MARC STROSCHEIN INT. EXEC. DIRECTOR (THROUGH 11/2023 168503 0 0 0 0 0 0 0 0 0 168503 0 0 0 J MANUEL LOPEZ PLANT OPERATIONS DIRECTOR 123882 0 0 0 0 0 5238 0 32416 0 161536 0 0 0 FORM 990, PART VII, SECTION A, LINE 5: DURING THE 2023 CALENDAR YEAR, THE ORGANIZATION'S PAYROLL WAS PROCESSED (AND FORM W-2S WERE ISSUED) THROUGH LIFE CARE SERVICES LLC (THE ORGANIZATION'S MANAGEMENT COMPANY AND UNRELATED ORGANIZATION) AND AFFILIATES. A CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY 680164610 2014-11-20 81435953 REFINANCING OF EXISTING BOND AND TERM LOAN DEBT 0 0 0 A 8035000 81435953 4513397 1448074 75474482 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/13/2024 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A CONTRACT WITH LIFE CARE SERVICES FOR MANAGEMENT OF THE COMMUNITY. UNDER THE TERMS OF THE AGREEMENT, LIFE CARE SERVICES SUPERVISES THE OPERATIONS OF THE COMMUNITY. DURING THE JUNE 30, 2024 TAX YEAR, THE ORGANIZATION PAID $665,916 FOR MANAGEMENT AND MARKETING SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE STAFF. MANAGEMENT OF THE ORGANIZATION THEN REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY UNRESOLVED QUESTIONS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. 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, WHICH INCLUDES RECUSAL FROM ANY DECISION-MAKING PROCESS INVOLVING A CONFLICTED INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FISCAL YEAR, INDEPENDENT REPRESENTATIVES OF THE MANAGEMENT COMPANY OVERSEEING OPERATIONS OF THE ORGANIZATION REVIEWED AND APPROVED THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR AND CFO BASED ON COMPENSATION SURVEYS AND STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN BENEFICIAL INTEREST IN JEWISH HOME & SENIOR LIVING FOUNDATION 407,774.