2025-06-30T09:39:55-05:00 2025-02-28 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-03-01 941485533 CHANNING HOUSE CHAN 6503270950 850 WEBSTER STREET PALO ALTO CA 94301 RHONDA BEKKEDAHL CEO 6503270950 2025-06-27 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-06-27 2024 2025-03-06 01:10:19Z RHONDA BEKKEDAHL 850 WEBSTER STREET PALO ALTO CA 94301 34962990 0 X WWW.CHANNINGHOUSE.ORG X 1960 CA PROVIDES HOUSING AND HEALTH CARE SERVICES WITHIN A LIFE PLAN COMMUNITY. 12 12 226 70 0 0 322094 433082 25821526 27386037 654962 1858619 62155 64508 26860737 29742246 6690 26759 0 0 13436483 13741960 6000 8000 8000 18706231 18969707 32155404 32746426 -5294667 -3004180 156595939 156553175 163074515 165070265 -6478576 -8517090 X CHANNING HOUSE BELIEVES THAT OLDER ADULTS THRIVE IN A VIBRANT SETTING THAT SUPPORTS ACTIVE, ENGAGED AND HEALTHY LIVING. OUR MISSION IS TO PROVIDE A SUSTAINABLE, INNOVATIVE COMMUNITY THAT PROMOTES THIS LIFESTYLE, WHILE EMBRACING RESPECT AND DIGNITY FOR ALL WHO LIVE AND WORK HERE. 0 0 26564461 26759 27386037 PROVIDE HOUSING, ASSISTED LIVING, AND SKILLED NURSING SERVICES WHICH INCLUDE DINING SERVICES, MAINTENANCE, HOUSEKEEPING, AND NURSING CARE. DURING FY2025 WE SERVED AN AVERAGE OF 263 RESIDENTS WITH A TOTAL OF 6,570 SERVICE DAYS OF SKILLED NURSING; 9,855 SERVICE DAYS OF ASSISTED LIVING; AND 79,570 DAYS OF RESIDENTIAL CARE SERVICES. 0 0 0 CHANNING HOUSE HOSTS VARIOUS COMMUNITY MEETINGS AND PARTNERS IN EMERGENCY PREPAREDNESS PROGRAMS. WE COORDINATE WITH THE CITY OF PALO ALTO AND WITH SANTA CLARA COUNTY TO PROVIDE EMERGENCY COMMUNICATIONS AND ACT AS A BACK-UP OPERATIONAL COMMAND CENTER IN THE EVENT OF A NATURAL (OR OTHER) DISASTER. OUR COMMUNITY SUPPORTS MANY OTHER ORGANIZATIONS WITH THOUSANDS OF HOURS OF VOLUNTEER TIME. EXPENSES PERTAINING TO THESE PROGRAMS ARE NEGLIGIBLE AND COULD NOT BE REASONABLY QUANTIFIED. 26564461 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 61 0 1 226 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JAISIE LOZANO 6503247560 850 WEBSTER STREET PALO ALTO CA 94301 RHONDA BEKKEDAHL CHIEF EXECUTIVE OFFICER 40.00 X 331848 0 40061 JAISIE LOZANO CHIEF FINANCIAL OFFICER 40.00 X 248792 0 25568 IZVETH LEON DIRECTOR OF NURSING 40.00 X 188727 0 34828 YADIRA ALDANA ADMINISTRATOR (THROUGH 7/2024) 40.00 X 165367 0 40013 PAYAL VILLALOBOS HUMAN RESOURCES DIRECTOR 40.00 X 177324 0 27223 GLORIA CASTELLANOS DINING SERVICES DIRECTOR 40.00 X 157854 0 33117 RANDON SAGNEP DIRECTOR OF NURSING ASSISTANT 40.00 X 160814 0 16159 REMELYN BONDOC CHARGE NURSE RN 40.00 X 134718 0 33367 OFELIA GUTIERREZ MARKETING MANAGER 40.00 X 131294 0 27942 JENNY POON SALES SPECIALIST 40.00 X 148721 0 7861 MARK BAYANI EXECUTIVE CHEF 40.00 X 138699 0 6908 MAUREEN SHEEHAN CHAIR 2.00 X X 0 0 0 BERN BEECHAM VICE CHAIR 2.00 X X 0 0 0 MARCIA PUGSLEY SECRETARY 2.00 X X 0 0 0 ZENGYU CHEN TREASURER 2.00 X X 0 0 0 CALVIN BRENNEMAN BOARD MEMBER 1.00 X 0 0 0 PANCHO CHANG BOARD MEMBER 1.00 X 0 0 0 TOM DUBOIS BOARD MEMBER 1.00 X 0 0 0 PATTY FISHER BOARD MEMBER 1.00 X 0 0 0 SUE GILBERT BOARD MEMBER 1.00 X 0 0 0 TOM HOFSTEDT BOARD MEMBER 1.00 X 0 0 0 STEPHNE LENCIONI BOARD MEMBER (THROUGH 10/2024) 1.00 X 0 0 0 BRUCE MCFARLANE BOARD MEMBER 1.00 X 0 0 0 JONATHAN SCHATZ BOARD MEMBER 1.00 X 0 0 0 1984158 0 293047 22 0 1 0 VANCE BROWN INC 2585 E BAYSHORE RD PALO ALTO CA 94303 CONSTRUCTION CONTRACTOR 1233018 PROVINET SOLUTIONS 18670 GRAPHICS DR SUITE 102 TINLEY PARK IL 60477 IT SERVICE PROVIDER 742168 COREWORKS 13028 COLLECTION CENTER DRIVE CHICAGO IL 60693 ENVIRONMENTAL SERVICE PROVIDER 676949 US FOODS INC PO BOX 884766 LOS ANGELES CA 90088 FOOD SERVICE PROVIDER 642409 VESTA FOOD SERVICE PO BOX 2293 SANTA FE SPRINGS CA 90670 FOOD SERVICE PROVIDER 289896 11 231006 202076 433082 MONTHLY CARE FEES 623000 21298013 21298013 RESIDENT ENTRANCE FEES 623000 5546814 5546814 OTHER OPERATING REVENUE 623000 537210 537210 PROCESSING FEES 623000 4000 4000 27386037 1094642 1094642 53686 0 53686 53686 53686 5951889 5177697 10215 774192 -10215 763977 763977 43654 32832 10822 10822 29742246 27386037 0 1923127 2656 2656 24103 24103 1424228 566365 857863 9776170 8283827 1492343 165002 141984 23018 1516067 1256709 259358 860493 699882 160611 65606 65606 68255 68255 8000 8000 2350209 1735961 614248 109281 109281 709207 402281 306926 309526 309526 1750676 1606831 143845 75072 43025 32047 34242 26141 8101 4046514 3858358 188156 7013374 6687263 326111 563586 563586 FOOD & BEVERAGE 1183775 1183775 LICENSE/MAINT AGREEMENT 353082 353082 TAXES & LICENSES 91723 91723 DUES AND SUBSCRIPTIONS 44923 8041 36882 200656 37259 163397 32746426 26564461 6173965 8000 4677468 442278 101216 85741 35210 41521 732557 578313 189603657 76002340 116991488 113601317 33975429 41646434 82571 157571 156595939 156553175 5083034 4833243 55075639 57546504 95679533 93340396 7236309 9350122 163074515 165070265 X -6966777 -8998253 488201 481163 -6478576 -8517090 156595939 156553175 X -3004180 991403 -25737 X 0 1 X 1 0 X 2235521 816210 246874 322094 433082 4053781 20084347 21499489 22595257 25821526 27386037 117386656 2556 20590 24450 31341 43654 122591 22322424 22336289 22866581 26174961 27862773 121563028 590758 263820 275688 457752 323964 1911982 0 590758 263820 275688 457752 323964 1911982 119651046 611190 471821 973064 961604 1148328 4166007 611190 471821 973064 961604 1148328 4166007 22933614 22808110 23839645 27136565 29011101 125729035 0.95170 0.95380 0.03310 0.03220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1000 0 0 0 0 0 1000 0 PART II-B, LINE 1: LETTERS TO LEGISLATORS AND/OR THEIR STAFF REGARDING LEGISLATION RELATED TO LONG-TERM CARE, LICENSING AGENCIES, AND OTHER RELATED TOPICS. 936951 936951 172861391 69617571 103243820 11990010 6384769 5605241 3815305 3815305 113601317 ENTRANCE FEES REFUNDABLE UPON REOCCUPANCY 9192661 PENSION LIABILITY 157461 9350122 X 30718127 991403 -25737 965666 29752461 -10215 -10215 29742246 32756641 10215 10215 32746426 0 32746426 PART X, LINE 2: CHANNING HOUSE HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. CHANNING HOUSE ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THEY HAD NO UNRECOGNIZED TAX BENEFITS AT FEBRUARY 28, 2025 AND FEBRUARY 29, 2024. CHANNING HOUSE FILES FEDERAL AND CALIFORNIA EXEMPT ORGANIZATION RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION OBLIGATION 20,613. OTHER COMPONENTS OF NET PERIODIC PENSION COSTS -46,350. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -10,215. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 10,215. 1 STAFF SCHOLARSHIPS 5 24103 PART I, LINE 2: PRIOR TO ENROLLING IN ANY CLASSES OR PROGRAM, EMPLOYEES DISCUSS EDUCATIONAL PLANS WITH HUMAN RESOURCES AND SUBMIT A CHANNING HOUSE SCHOLARSHIP APPLICATION TO HUMAN RESOURCES. THE REVIEWING COMMITTEE INCLUDES THE HUMAN RESOURCES DIRECTOR, CFO, AND CEO. IF AWARDED A SCHOLARSHIP, EMPLOYEES MAY OBTAIN REIMBURSEMENT. EXPENSES MUST BE SUPPORTED BY ORIGINAL RECEIPTS AND A COPY OF THE FINAL GRADE OR CERTIFICATION RECEIVED. X X 0 0 0 0 0 0 0 1 0 RHONDA BEKKEDAHL CHIEF EXECUTIVE OFFICER 331848 0 0 0 0 0 31223 0 8838 0 371909 0 0 0 JAISIE LOZANO CHIEF FINANCIAL OFFICER 248792 0 0 0 0 0 23772 0 1796 0 274360 0 0 0 IZVETH LEON DIRECTOR OF NURSING 187777 0 0 0 950 0 18465 0 16363 0 223555 0 0 0 YADIRA ALDANA ADMINISTRATOR (THROUGH 7/2024) 122576 0 0 0 42791 0 22187 0 17826 0 205380 0 0 0 PAYAL VILLALOBOS HUMAN RESOURCES DIRECTOR 176374 0 0 0 950 0 10618 0 16605 0 204547 0 0 0 GLORIA CASTELLANOS DINING SERVICES DIRECTOR 156904 0 0 0 950 0 15849 0 17268 0 190971 0 0 0 RANDON SAGNEP DIRECTOR OF NURSING ASSISTANT 157685 0 3129 0 0 0 7392 0 8767 0 176973 0 0 0 REMELYN BONDOC CHARGE NURSE RN 130959 0 3759 0 0 0 5374 0 27993 0 168085 0 0 0 OFELIA GUTIERREZ MARKETING MANAGER 121611 0 9683 0 0 0 3970 0 23972 0 159236 0 0 0 JENNY POON SALES SPECIALIST 139384 0 9337 0 0 0 0 0 7861 0 156582 0 0 0 PART I, LINE 7 CERTAIN INDIVIDUALS REPORTED ON FORM 990, PART VII AND/OR SCHEDULE J, PART II RECEIVED BONUSES, WHICH WOULD BE CONSIDERED A "NON-FIXED" PAYMENT IN THAT DISCRETION WAS UTILIZED TO DETERMINE WHETHER TO MAKE A BONUS PAYMENT AND/OR THE AMOUNT OF BONUS PAYMENT TO BE MADE. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048TZ63 2017-04-18 58413722 REFUND BOND ISSUED 7/8/2010 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048T7N7 2017-10-25 50469360 CONSTRUCT, EQUIP, AND RENOVATE FACILITY 0 0 0 A 5510000 58413722 2083174 963278 1732948 53634322 0 1 1 1 B 405000 50469360 1212591 912135 2735573 42052610 3556451 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/28/2021 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/21/2023 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990 ON BEHALF OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. THE DRAFT, AS REVIEWED BY THE AUDIT COMMITTEE, IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS AS WELL. THIS PROCESS INCLUDES DOCUMENTING WHO CONDUCTED THE REVIEW, WHEN IT WAS CONDUCTED, AND TO WHAT EXTENT (DETAIL OR SUMMARY) THE FORM WAS REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH BOARD MEMBERS AND KEY STAFF MEMBERS. POTENTIAL CONFLICTS ARE REVIEWED AT THE MANAGEMENT AND THE BOARD LEVEL; SHOULD A CONFLICT OF INTEREST ARISE, THE BOARD MEMBER / EMPLOYEE DOES NOT PARTICIPATE IN DECISIONS RELATED TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE (A BOARD COMMITTEE COMPRISED OF 4 TRUSTEES) IS RESPONSIBLE FOR THE PERFORMANCE EVALUATION FOR THE CEO AND THE REVIEW OF THE COMPENSATION FOR THE CEO. THE PERFORMANCE APPRAISAL IS NORMALLY ON ANNUAL BASIS, WITH THE PERIOD UNDER REVIEW BASED ON THE PREVIOUS FISCAL YEAR. THE COMMITTEE, IN ITS EVALUATION, MAY SOLICIT INPUT FROM OTHER TRUSTEES, RESIDENTS, AND STAFF OF CHANNING HOUSE. THE PERSONNEL COMMITTEE SUBMITS ANY RECOMMENDED CHANGES TO THE CEO'S SALARY/BENEFITS TO THE BOARD OF TRUSTEES FOR APPROVAL. COMPENSATION ADJUSTMENTS FOR THE CEO (AND THE CFO) ARE ESTABLISHED IN CONJUNCTION WITH A REVIEW OF COMPENSATION STUDIES AVAILABLE FROM BOTH NATIONAL AND STATEWIDE SOURCES, AS WELL AS OTHER SOURCES (SUCH AS FROM A CONSULTANT). THE CEO IS RESPONSIBLE FOR ANNUAL EVALUATIONS AND IMPLEMENTING ANY SALARY ADJUSTMENTS FOR OTHER OFFICERS AND KEY EMPLOYEES; COMPENSATION ADJUSTMENTS FOR THESE INDIVIDUALS ARE BASED-ON BUDGETED AMOUNTS AVAILABLE, AS WELL AS STATEWIDE COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE POSTED IN THE RESIDENT LIBRARY, ATTACHED TO NEW RESIDENT CONTRACTS, AND ARE AVAILABLE ON REQUEST FROM THE ACCOUNTING DEPARTMENT. ALL BOARD MINUTES ARE POSTED IN THE CHANNING HOUSE RESIDENT LIBRARY. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON REQUEST FROM THE ACCOUNTING DEPARTMENT. FORM 990, PART XI, LINE 9: CHANGE IN PENSION OBLIGATION 20,613. OHTER COMPONENTS OF NET PERIODIC PENSION COST -46,350.