2025-10-21T16:50:56+00:00 2024-12-31 990 2024-01-01 770004202 Goleta Valley Professional Buildings Inc GOLE 8052876903 PO Box 689 Attn Finance Dept Santa Barbara CA 93102 Matthew Morgan Sr VP Finance and CFO 2025-10-21 2024 2025-03-06 01:10:19Z Scott Wester PO Box 689 Attn Finance Dept Santa Barbara CA 93102 7501339 false X X 1983 CA The purpose of Goleta Valley Professional Buildings, Inc. is to provide the technical and physical environment in which quality health care can be provided in a responsible, dignified and efficient manner. 16 16 0 0 0 0 0 7297852 7394523 35783 106816 0 0 7333635 7501339 0 0 0 0 0 0 0 0 8104609 8755721 8104609 8755721 -770974 -1254382 115907306 138762275 48412583 72521934 67494723 66240341 The purpose of Goleta Valley Professional Buildings, Inc. is to provide the technical and physical environment in which quality health care can be provided in a responsible, dignified and efficient manner. false false 8467111 7394523 Goleta Valley Professional Buildings, Inc. provides medical office space for health care services to the community adjacent to Goleta Valley Cottage Hospital, Santa Barbara Cottage Hospital and Santa Ynez Valley Cottage Hospital. Office space is leased to medical providers and departments of the hospitals. 8467111 true false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true true false false true 13 0 true 0 false false false false false false false false X 16 16 false false false false true true true true true false false false true true true true true true true true false false CA X Lawrence Thomas 8053249903 PO Box 689 Santa Barbara CA 93102 Eric Seale Vice Chair 0.1 5.9 X X 0 0 0 Ginger Salazar Vice Chair 0.1 5.9 X X 0 0 0 Richard Ponce MD Secretary 0.1 5.9 X X 0 0 0 Steven Zola Board Chair 0.2 19.8 X X 0 0 0 Bhupi Singh Board Member 0.1 3.9 X 0 0 0 Ernesto Paredes Board Member 0.1 3.9 X 0 0 0 Gamble Parks ATTY Board Member 0.1 3.9 X 0 0 0 Mark Scott MD Board Member 0.1 3.9 X 0 0 0 Pamela Gann Board Member 0.1 3.9 X 0 0 0 Roberta Griffin Board Member 0.1 3.9 X 0 0 0 Robin Malone MD Board Member 0.1 3.9 X 0 0 0 Steve Ortiz Board Member 0.1 3.9 X 0 0 0 Susan Christol-Deacon Board Member 0.1 3.9 X 0 0 0 Thomas Cusack Board Member 0.1 3.9 X 0 0 0 Wesley Schooler MD Board Member 0.1 3.9 X 0 0 0 Yulun Wang PhD Board Member 0.1 3.9 X 0 0 0 Kristin Tufvesson Senior VP and CFO 1.0 54.0 X 0 1077998 104546 Lisa Moore Executive VP and COO 2.0 53.0 X 0 1154452 82301 Ronald Werft President & CEO 1.0 64.0 X 0 2013630 87365 Stacy Bratcher Senior VP and Chief Legal Officer 1.0 49.0 X 0 996206 99765 0 5242286 373977 0 false true false MCCARTHY BUILDING COMPANIES INC 20401 SW BIRCH STREET NEWPORT BEACH CA 92660 Construction services 20959799 ALAN ROINESTAD CONSTRUCTION 2646 INDUSTRIAL PARKWAY Santa Maria CA 93455 Constuction Contractor 1105358 BOULDER ASSOCIATES 1426 PEARL ST STE 300 Boulder CO 80302 Constuction Contractor 496624 PACIFIC MATERIALS LAB PO BOX 96 Goleta GA 93116 Materials Engineer 213188 THE CEARNAL COLLECTIVE LLP 521 1/2 STATE ST Santa Barbara CA 93101 Architectural Services 213188 7 0 Rental Income 5333 Hollister 531120 1816709 1816709 Rental Income 2320 Bath 531120 1295421 1295421 Rental Income 2403 Castillo 531120 996985 996985 Rental Income 454 S Patterson 531120 910618 910618 Rental Income 414 W Junipero 531120 535625 535625 1839165 1839165 0 0 7394523 106816 106816 0 0 0 0 0 0 0 0 0 0 7501339 7394523 0 106816 X 181392 68332 113060 17200 10492 6708 1131433 1053282 78151 0 2360 2360 161700 98637 63063 2069481 2069481 1196437 1196437 2819731 2819731 68752 68752 Taxes and fees 1020567 1020567 Construction Expense 86668 59040 27628 0 0 0 0 8755721 8467111 288610 0 2174305 1992090 292030 294260 0 0 0 0 173672 179213 172113937 37701388 110493260 134412549 0 0 2774039 1884163 115907306 138762275 5731030 5550463 97696 111215 0 0 42583857 66860256 48412583 72521934 67494723 66240341 67494723 66240341 115907306 138762275 -1254382 0 X false true true false X X X 3 Goleta Valley Cottage Hospital 952413596 3 false 0 0 Santa Barbara Cottage Hospital 951644629 3 false 0 0 Santa Ynez Valley Cottage Hospital Inc 952224265 3 false 0 0 3 0 0 false false false false false false false false false false false false false false false true Schedule A, Part I, Line 12f col vi: Other Support Goleta Valley Professional Buildings, Inc. provides medical office space adjacent to Goleta Valley Cottage Hospital, Santa Barbara Cottage Hospital and Santa Ynez Valley Cottage Hospital. Office space is leased to medical providers and departments of Goleta Valley Cottage Hospital, Santa Barbara Cottage Hospital, Santa Ynez Valley Cottage Hospital and Cottage Health. Space within the medical office buildings may be used for meeting space for the any of the CH-Related Entities. Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name Any supported organization(s) must be part of or in support of the related Cottage Health organization. 32752666 32752666 91501568 36677471 54824097 630326 90855 539471 47229377 933062 46296315 134412549 Federal Income Taxes Note payable due to related organization 64636941 Lease Liabilities 1940434 Accounts Payable to related organizations 282881 66860256 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Cottage completed an analysis of its tax positions, in accordance with ASC 740, and determined that there are no uncertain tax positions taken. Cottage has recognized no interest or penalties related to uncertain tax positions. Cottage is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The System believes it is no longer subject to income tax examinations for years prior to 2021. X X X X false true false false false false false false false Ronald Werft President & CEO 0 1426504 0 556160 0 30966 0 65692 0 21673 0 2100995 0 0 Lisa Moore Executive VP and COO 0 766364 0 264555 0 123533 0 63340 0 18961 0 1236753 0 48864 Kristin Tufvesson Senior VP and CFO 0 669693 0 217411 0 190894 0 70000 0 34546 0 1182544 0 0 Stacy Bratcher Senior VP and Chief Legal Officer 0 689113 0 165638 0 141455 0 70000 0 29765 0 1095971 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation On an annual basis the Executive Compensation Committee (ECC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO, and vice presidents. All members of the ECC are independent members of the Board of Directors. The ECC engages an independent consultant to prepare comparative compensation reports for each position. The executives individual performance will also be considered when determining compensation. The ECC recommends compensation for the executives to the full Board for approval. This process takes place annually for all executives. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan COTTAGE HEALTH PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE ANNUAL CONTRIBUTION IS 9.8% OF BASE YEARS SALARY WITH THE CONTRIBUTIONS VESTING FIVE YEARS FROM CREDITING DATE, OR AT AGE 62, OR IMMEDIATELY IN THE EVENT OF DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT CAUSE. THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS AND THE ACCRUED EXPENSE IS INCLUDED IN SERP AND RETIREMENT PLAN LIABILITY IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. IN the current year, THERE WERE RECIPIENT PAYOUTS FROM THE 457(F) PLAN TO Lisa Moore ($48,865) Form 990, Part VI, Line 6 Classes of members or stockholders Cottage Health is the sole corporate member. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Cottage Health is the sole corporate member and can appoint Directors to the Board. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Board of Directors must obtain prior approval from the Board of Directors of Cottage Health, in order to: a) amend or restate the Articles of Incorporation or Bylaws; b) implement the annual budget and long-term capital and operational budget; c) sell, lease, mortgage, pledge, merge, consolidate or make any other disposition of any material part of the property and assets of this corporation; or d) voluntarily dissolve the corporation. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared under the direction of the Senior Vice President and CFO. Form 990 is compiled and reviewed by the Senior Vice President & CFO, the Vice President Finance & Controller, the Director Corporate Finance, and the Accounting Manager. Each party reviews Form 990 prior to submission to the Compliance & Audit Committee and to the Board of Directors, whose reviews are conducted prior to filing. A complete copy of the final Form 990 is provided to all members of the governing board before it is filed. Form 990, Part VI, Line 12c Conflict of interest policy The purpose of the Conflict of Interest policy is to protect the interest of the Hospital when it contemplates entering into a transaction or arrangement that could benefit the private interest of a Director or Officer of Cottage Health, Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, Santa Ynez Valley Cottage Hospital, Santa Barbara Cottage Hospital Foundation and Goleta Valley Professional Buildings, Inc., collectively known as Cottage Health. The Cottage Health Directors have a duty to: 1.) discharge their duties to benefit Cottage Health and not the Directors personally 2.) disclose situations with the potential for conflict of interest with the vision and mission of Cottage Health 3.) refrain from discussing confidential Cottage Health business with others. Each Board member will annually complete the Cottage Health Directors Annual Conflict Disclosure Form. The Disclosure information will be reviewed annually by the Board Chair and the results reported to the full Board. Each Director or Officer will disclose to the Board Chair items to be discussed at a Board meeting. If there are any material financial or personal interests a Board member or family member may have in a Board decision, the Director or Officer will disclose this to the Committee Chair before the Board reviews the items and takes action. In general, an Officer who had disclosed a potential conflict should be excused from the decision making portion of the discussion and is prohibited from voting on a matter involving a potential conflict of interest. If the Board has reasonable cause to believe that a Director or Officer failed to disclose a material financial interest or other potential material conflict of interest, the Board Chair shall inform the member of the basis for the belief and afford the member an opportunity to explain the alleged failure to disclose. After hearing the Director or Officer response and conducting any further necessary investigation, the Board determines if the Director or Officer failed to disclose a material financial or other potential material conflict of interest. The Board Chair shall take appropriate corrective action. Committee Chairs who address conflict of interest situations with a Board Committee member are responsible for reporting such situations to the Board Chair. Key employees are treated as other employees of Cottage Health and sign an annual conflict of interest form. These forms are reviewed by Compliance and any issues are brought to the Chief Compliance Officer. Form 990, Part VI, Line 15a Process to establish compensation of top management official On an annual basis the Compensation Committee (CC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO, and vice presidents. All members of the CC are independent members of the Board of Directors. The CC engages an independent consultant to prepare comparative compensation reports for each position. The executive's individual performance will also be considered when determining compensation. The CC recommends compensation for the executives to the full Board for approval. This process takes place annually for all employed officers and key employees. Form 990, Part VI, Line 15b Process to establish compensation of other employees The process described in line 15a, above, takes place annually for all employed officers and key employees. For this fiscal year, the review occurred on March 29, 2024. Form 990, Part VI, Line 19 Required documents available to the public Tax filings can be obtained upon request from the CFO. Audited Financial Statements are attached to the Form 990 in accordance with IRS instructions. The bylaws and conflict of interest policies are not available to the public. Form 990, Part VIII, Line 2f Other Program Service Revenue Rental Income - all others - Total Revenue: 1839165, Related or Exempt Function Revenue: 1839165, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees Facility maintenance - Total Expense: 218337, Program Service Expense: 218337, Management and General Expenses: , Fundraising Expenses: ; Cleaning Services - Total Expense: 335639, Program Service Expense: 335639, Management and General Expenses: , Fundraising Expenses: ; Equipment Maintenance - Total Expense: 242361, Program Service Expense: 242361, Management and General Expenses: , Fundraising Expenses: ; System Allocation - Total Expense: 200387, Program Service Expense: 122236, Management and General Expenses: 78151, Fundraising Expenses: ; Other Purchased Services - Total Expense: 134709, Program Service Expense: 134709, Management and General Expenses: , Fundraising Expenses: ; SANTA BARBARA COTTAGE HOSPITAL PO BOX 689 SANTA BARBARA CA 93102 951644629 HOSPITAL CA 501(c)(3) 3 Cottage Health true GOLETA VALLEY COTTAGE HOSPITAL PO BOX 690 SANTA BARBARA CA 93102 952413596 HOSPITAL CA 501(c)(3) 3 COTTAGE HEALTH true SANTA YNEZ VALLEY COTTAGE HOSPITAL INC PO BOX 689 SANTA BARBARA CA 93102 952224265 HOSPITAL CA 501(c)(3) 3 COTTAGE HEALTH true COTTAGE HEALTH PO BOX 693 SANTA BARBARA CA 93102 770431902 SOLE CORPORATE MEMBER CA 501(c)(3) Type II NA false Santa Barbara Cottage Hospital Foundation PO Box 689 Santa Barbara CA 93102 953802238 Support of Santa Barbara Cottage Hospital CA 501(c)(3) 7 Cottage Health true Cottage Medical Foundation PO Box 689 Santa Barbara CA 93102 934714437 Outpatient Clinics CA 501(c)(3) 3 Cottage Health true Villa Riviera Real Estate Company PO Box 689 Santa Barbara CA 93102 272996284 Workforce Housing Development CA SB Cottage Hosp Fndtn C Corporation 0 0 0 true false false false false true false false false false true false false true true true true false true false Santa Barbara Cottage Hospital E 25000000 accrual Santa Barbara Cottage Hospital J 3835833 accrual Santa Barbara Cottage Hospital O 482717 accrual Santa Barbara Cottage Hospital R 1196437 accrual Santa Ynez Valley Cottage Hospital Inc J 111840 accrual