2021-05-17T18:17:36-05:00 2020-06-30 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2019-07-01 270707394 MONTECEDRO INC MONT 6264035400 605 E HUNTINGTON DRIVE NO 207 MONROVIA CA 91016 CHARLIE RAHILLY VP FINANCE & CFO 6264035400 2021-05-17 1 LAUREN A HAVERLOCK P00545829 3104770450 2021-05-17 2019 2022-09-23 18:48:47Z JAMES S ROTHROCK 605 E HUNTINGTON DRIVE NO 207 MONROVIA CA 91016 30641288 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. 6 5 179 49 0 0 27162 54527 17130202 18479813 79763 1307845 75849 73987 17312976 19916172 0 0 0 0 6676870 8439151 0 0 37326 11792300 13365294 18469170 21804445 -1156194 -1888273 186444860 187499687 176728389 177750432 9716471 9749255 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 18597905 18536862 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. 18597905 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 1 0 0 0 1 73 0 1 179 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 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 605 E HUNTINGTON DRIVE STE 207 MONROVIA CA 91016 JAMES S ROTHROCK PRESIDENT & CEO 15.00 25.00 X X 0 506746 40554 TERRY QUIGLEY VP OPERATIONS & COO 10.00 30.00 X 0 385085 30958 SHARON PEWTRESS VP STRATEGIC GROWTH 8.00 32.00 X 0 291767 22075 STACIE OCAMPO VP HUMAN RESOURCES 10.00 30.00 X 0 242497 26352 DAVID WEIDERT EXECUTIVE DIRECTOR 40.00 0.00 X 239246 0 15787 KRISTA NAY VP SALES & MARKETING 10.00 30.00 X 0 229324 18877 CHARLIE RAHILLY VP FINANCE & CFO 12.00 28.00 X 0 204170 7487 STACY WOLF MARKETING-SALES 40.00 0.00 X 134671 0 5863 RUBEN ALVARADO MARKETING-SALES 40.00 0.00 X 116872 0 13658 KRISTINE HILLARY DIRECTOR OF RESIDENT HEALT 40.00 0.00 X 118244 0 5744 ROBERT A LONG CHAIR 3.00 0.00 X X 0 0 0 GWEN WHITSON VICE CHAIR 1.00 0.00 X X 0 0 0 TIM HARTLEY SECRETARY-TREASURER 1.00 0.00 X X 0 0 0 RICHARD FLORES DIRECTOR 1.00 0.00 X 0 0 0 JOYCE TURNER DIRECTOR 1.00 0.00 X 0 0 0 609033 1859589 187355 4 0 1 0 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 30368 CATERING 1317610 CORPUZ PINEDA STAFFING SERVICES INC 4215 PORTOLA AVENUE LOS ANGELES CA 90032 CONTRACT LABOR 695128 PERKINS EASTMAN ARCHITECTS PC 115 FIFTH AVENUE FLOOR 3 NEW YORK NY 10003 CONSTRUCTION 465146 SYNTAX BUILDERS INC 2945 HONOLULU AVENUE LA CRESCENTA CA 91214 CONSTRUCTION 269037 NEW IMAGE LANDSCAPING PO BOX 40443 PASADENA CA 91114 CONTRACT SERVICES 192539 6 54527 54527 RESIDENT CARE FEES 623000 14173531 14173531 ANCILLARY SERVICES 623990 2431378 2431378 AMORT OF ENTRANCE FEES 721000 1874904 1874904 18479813 1099185 1099185 16938 0 16938 16938 16938 10933776 10717101 8015 216675 -8015 208660 208660 OTHER INCOME 900099 57049 57049 57049 19916172 18536862 0 1324783 283006 41166 227481 14359 5926373 4736385 1175190 14798 338062 205585 129730 2747 878291 673521 201330 3440 1013419 838650 172787 1982 66388 66388 33115 33115 93492 93492 131021 129572 1449 71053 71053 29313 7864 21449 663184 634701 28483 1995252 1966032 29220 5238800 5162078 76722 266802 263201 3601 PURCHASED SERVICES OTHE 1532548 1224560 307988 PURCHASED SERVICES SKIL 1229417 1229417 UTILITIES 711671 711671 SUPPLIES 564037 484269 79768 739201 289233 449968 21804445 18597905 3169214 37326 1880133 889061 314298 282611 67721 103961 111903 314805 164037568 22607351 145047485 141430217 32443151 33363710 349770 4981633 2169177 2082120 4061222 4051569 186444860 187499687 821083 1000456 125200306 128261638 47836316 47823266 2870684 665072 176728389 177750432 X 9605733 9644090 110738 105165 9716471 9749255 186444860 187499687 X -1888273 -184517 2105574 X 0 1 X 1 0 X 14442 27162 54527 96131 2527698 11995528 15693608 17130202 18479813 65826849 2527698 11995528 15708050 17157364 18534340 65922980 0 0 0 65922980 42541 52946 636459 1013186 1116123 2861255 42541 52946 636459 1013186 1116123 2861255 67005 466559 196894 59149 57049 846656 2637244 12515033 16541403 18229699 19707512 69630891 0.94670 0.93670 0.04110 0.04770 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 10,507. 2016 AMOUNT: $ 14,112. 2017 AMOUNT: $ 196,894. 2018 AMOUNT: $ 59,149. 2019 AMOUNT: $ 57,049. SERVICE INCOME - 2015 AMOUNT: $ 56,498. 2016 AMOUNT: $ 452,447. 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17289427 17289427 141279762 20607554 120672208 5468379 1999797 3468582 141430217 INTEREST PAYABLE 283685 OTHER CURRENT LIABILITIES 292635 DUE TO RELATED PARTIES 88752 665072 X 19647806 -184517 1628 -182889 19830695 93492 -8015 85477 19916172 19447761 8015 8015 19439746 93492 2271207 2364699 21804445 PART X, LINE 2: MCINC IS ORGANIZED AS A NONPROFIT CORPORATION UNDER THE GENERAL NONPROFIT CORPORATION LAWS OF THE STATE OF CALIFORNIA AND IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER IRC SECTION 501(C)(3). MCINC IS CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). NONPROFIT ORGANIZATIONS ARE GENERALLY NOT LIABLE FOR TAXES ON INCOME; THEREFORE, NO PROVISION IS MADE FOR SUCH TAXES IN THE FINANCIAL STATEMENTS, IN ACCORDANCE WITH U.S. GAAP. MCINC CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY ANTICIPATE ACTUAL OUTCOMES. MCINC EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS IN CONFORMITY WITH U.S. 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 MCINC'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 INCLUDE THE TAX-EXEMPT STATUS OF MCINC AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE TAXING AUTHORITIES WILL NOT CHALLENGE MCINC'S TAX RETURNS, OR THAT MCINC WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, MCINC'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL TAX EXAMINATION AND FOUR YEARS FOR STATE TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 1,628. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -8,015. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 8,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES/FACILITIES 2,271,207. X X X X X 0 0 0 0 0 0 0 1 0 JAMES S ROTHROCK PRESIDENT & CEO 0 459118 0 27849 0 19779 0 29400 0 11154 0 547300 0 0 TERRY QUIGLEY VP OPERATIONS & COO 0 322600 0 40679 0 21806 0 24654 0 6304 0 416043 0 0 SHARON PEWTRESS VP STRATEGIC GROWTH 0 223018 0 49425 0 19324 0 16241 0 5834 0 313842 0 0 STACIE OCAMPO VP HUMAN RESOURCES 0 215956 0 7123 0 19418 0 13671 0 12681 0 268849 0 0 DAVID WEIDERT EXECUTIVE DIRECTOR 194330 0 23464 0 21452 0 10755 0 5032 0 255033 0 0 0 KRISTA NAY VP SALES & MARKETING 0 180193 0 29292 0 19839 0 7914 0 10963 0 248201 0 0 CHARLIE RAHILLY VP FINANCE & CFO 0 197421 0 100 0 6649 0 2718 0 4769 0 211657 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. A LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 397150866 2014-06-01 44805000 PROJECT FINANCING 0 0 0 A 45014042 3861123 2883773 1562139 36707007 0 0 1 1 A 0 0 0 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: LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/12/2018 SCHEDULE K, PART II, LINE 3: TOTAL AMOUNT OF PROCEEDS OF THE BOND ISSUE DIFFER FROM ISSUE PRICE LISTED IN SCHEDULE K, PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. 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 ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST, AT THE ATTORNEY GENERAL'S WEBSITE, AND ON GUIDESTAR. 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 XI, LINE 9: CHANGE IN INTEREST IN RELATED PARTIES' NET ASSETS 1,628. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES/FACILITIES 2,271,207. TRANSFER OF NET ASSETS TO RELATED PARTIES, NET -167,261. EPISOPAL COMMUNITIES & SERVICES FOR SENIORS 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 951642373 PROMOTES HEALTH & WELL BEING OF OLDER ADULTS THRU CARE, SERVICES & HOUSING. CA 501(C)(3) LINE 10 N/A 0 CREATIVE HOUSING & SERVICES 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 330204306 PROVIDES SERVICES TO AFFORDABLE SENIOR AND DISABLE HOUSING. CA 501(C)(3) LINE 10 EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 EPISOPAL COMMUNITIES & SERVICES FOUNDATION (FKA SOPHIE MILLER FOUNDATION) 605 E HUNTINGTON DRIVE SUITE 207 MONROVIA CA 91016 471102014 SUPPORTS VIBRANT COMMUNITY FOR SENIORS THROUGH BENEVOLENCE AND INNOVATION. CA 501(C)(3) LINE 12A, I EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0