2025-11-05T14:01:53-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-01-01 941437728 SEQUOIA LIVING INC SEQU 4152027800 1525 POST STREET SAN FRANCISCO CA 94109 MARC SHORES CFO 4152027800 2025-10-31 1 1 QI WEN LIANG P01270238 4159561500 2025-10-31 2024 2025-03-06 01:10:19Z SARA MCVEY 1525 POST STREET SAN FRANCISCO CA 94109 128498383 0 X WWW.SEQUOIALIVING.ORG X 1958 CA SEQUOIA LIVING, INC. PROVIDES ORGANIZATIONAL STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS BY OFFERING HOUSING AND PROGRAMS. 12 12 481 159 0 0 2971743 6550141 99258219 102679946 8548219 9846994 256274 117458 111034455 119194539 0 0 0 0 48342504 44959277 0 0 658007 64381403 76028479 112723907 120987756 -1689452 -1793217 416631052 448906798 221762774 234657398 194868278 214249400 X SEQUOIA LIVING, INC. WILL, WITHIN ITS HUMAN RESOURCES AND FINANCIAL CAPABILITIES, PROVIDE ORGANIZATIONAL STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS FROM ALL ECONOMIC LEVELS AND VARIED CULTURAL BACKGROUNDS THROUGH DIVERSIFIED OPERATIONS WHICH OFFER HOUSING AND PROGRAMS OF PHYSICAL, SOCIAL, HEALTH AND SPIRITUAL CARE. 0 0 108272580 0 102679946 CONTINUING CARE RETIREMENT COMMUNITIES:SEQUOIA LIVING, INC. PROVIDES APARTMENTS, MEALS, LAUNDRY, HOUSEKEEPING, SOCIAL AND CULTURAL ACTIVITIES, AND MEDICAL CARE FOR AROUND 908 RESIDENTS. NEARLY ALL OCCUPANTS HAVE EXECUTED LIFE CARE RESIDENCE AND CARE AGREEMENTS THAT GIVE THEM ACCESS TO ASSISTED LIVING, DEMENTIA CARE, AND SKILLED NURSING IF NEEDED AS THEY AGE AND BECOME FRAILER. A MAJOR PROBLEM FOR THE ELDERLY IS ISOLATION AND DEPRESSION CAUSED BY ECONOMIC, SOCIAL, AND PHYSICAL BARRIERS TO PARTICIPATION IN ACTIVITIES AND CIVIC LIFE. CONTINUING CARE COMMUNITIES REMOVE THESE BARRIERS AND FACILITATE THE ACTIVE ENGAGEMENT OF RESIDENTS. THEY ALSO SMOOTH OUT DIFFICULT AND DISRUPTIVE TRANSITIONS OCCASIONED WHEN PEOPLE NEED HIGHER LEVELS OF PROFESSIONAL ASSISTANCE. IN THE EVENT THAT A RESIDENT RUNS SHORT OF RESOURCES TO COVER THE COST OF CARE, SEQUOIA LIVING WILL WORK WITH THEM AND THEIR FAMILIES AND THROUGH ITS FOUNDATION, WILL SUBSIDIZE EXPENSES SO THAT RESIDENTS ARE NOT FORCED TO MOVE. 108272580 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 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 1 1 1 1 0 0 1 156 0 1 481 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 X MARC SHORES 4152027800 1525 POST STREET SAN FRANCISCO CA 94109 DIANNE SPAULDING BOARD CHAIR 0.70 0.30 X X 0 0 0 STEVEN H HERMAN BOARD VICE CHAIR 0.70 0.30 X X 0 0 0 VAL AGOSTINO BOARD MEMBER 0.70 0.30 X 0 0 0 RICHARD CORRIEA BOARD MEMBER 0.70 0.30 X 0 0 0 MICHELE STRATTON BOARD MEMBER (THRU 1/24) 0.80 0.20 X 0 0 0 CARL GORDON HOWIE BOARD MEMBER 0.70 0.30 X 0 0 0 HOLLY ITO BOARD MEMBER 0.70 0.30 X 0 0 0 DAVID JAMISON BOARD MEMBER 0.70 0.30 X 0 0 0 MARIANNE LIM BOARD MEMBER 0.70 0.30 X 0 0 0 PATRICIA LYNN BOARD MEMBER 0.70 0.30 X 0 0 0 NANCY HIROKO MAYEDA BOARD MEMBER 0.70 0.30 X 0 0 0 MARILYN SUEY BOARD MEMBER 0.70 0.30 X 0 0 0 REX JAMISON MD BOARD MEMBER (THRU 1/24) 0.70 0.30 X 0 0 0 CORY SANDERSON BOARD MEMBER 0.70 0.30 X 0 0 0 SARA MCVEY PRESIDENT & CEO 33.00 7.00 X 608060 0 37255 CHARLIE SHOEMAKE CHIEF FINANCIAL OFFICER 33.00 7.00 X 399417 0 43792 MARTHA ATWOOD CHIEF HR OFFICER & CCO, SECRETARY 33.00 7.00 X 309267 0 43294 DAVID LATINA CHIEF BUSINESS DEVELOPMENT OFFICER 30.00 10.00 X 372640 0 48359 PAUL FRIESEN EXECUTIVE DIRECTOR, TAMALPAIS 40.00 X 292996 0 39445 SUZANNE FAIRLEY EXECUTIVE DIRECTOR, PORTOLA VALLEY 40.00 X 284022 0 39061 GLEN ALAN GODDARD EXECUTIVE DIRECTOR, SSF 40.00 X 277323 0 38789 ELAINE LIAO VP FINANCE/CONTROLLER 40.00 X 253214 0 48105 MARC SHORES VP OF OPERATIONS AND FINANCE 30.00 10.00 X 269095 0 12070 KAZUAKI TAKAHASHI VP OF FACILITIES 40.00 X 223285 0 32489 PAULA RATHGABER-GOMEZ VP OF SALES AND MARKETING 30.00 10.00 X 236377 0 6850 MARK MIZUHARA VP OF HUMAN RESOURCES 40.00 X 233082 0 10012 CALVIN GROENEWEG VP OF RISK MGMT & CLINICAL SERVICES 40.00 X 194934 0 35592 STEVE HIEGER -CHIEF INFORMATION SYSTEMS OFFICER (THRU 5/24) 40.00 X 163695 0 17937 TERENCE TUMBALE ADMINISTRATOR, THE TAMALPAIS & SSF 40.00 X 231709 0 46824 ZENAIDA LORETE SPV DIRECTOR OF SALES 40.00 X 230596 0 9993 KEVIN OTTERNESS SSF DIRECTOR OF SALES 40.00 X 210303 0 18092 SAMIR PATEL -DIRECTOR OF BUSINESS APPS & DATA ANALYSIS 40.00 X 195863 0 20769 JANINE TIMOTEO RN TAM 40.00 X 195149 0 20739 5181027 0 569467 116 0 1 0 C J REED CONSTRUCTION 1658 SEQUOIA DR PETALUMA CA 94954 CONSTRUCTION 3782841 NELSON T LEWIS CONSTRUCTION INC 25001 ONEIL AVE HAYWARD CA 94544 CONSTRUCTION 3258473 SIEMENS INDUSTRY INC 7464 FRENCH RD SACRAMENTO CA 95828 TECHNOLOGY 2265072 HYAXIOM INC 101 EAST RIVER DRIVE 7TH FLOOR EAST HARTFORD CT 94109 GREEN ENERGY 1222555 WOODSIDE & PORTOLA PRIVATE PATROL PO BOX 620147 WOODSIDE CA 94062 SECURITY SERVICES 1062936 74 6153246 396895 6550141 MONTHLY CARE FEES 623000 67651689 67651689 AMORTIZATION OF ENTRANCE FEES 623000 20267794 20267794 FEES FOR SERVICE TO RESIDENTS 623990 14760463 14760463 102679946 7946190 7946190 5510917 5693731 3633844 5670000 1877073 23731 1900804 1900804 OTHER INCOME 900001 117458 117458 117458 119194539 102679946 0 9964452 X 4053348 4053348 33551657 31820011 1310182 421464 -2085949 -2032426 -53523 6836389 6274727 506069 55593 2603832 2398056 179524 26252 231593 231593 491722 491722 403140 403140 174062 174062 24233825 24116692 117133 221545 220573 972 3017213 2886428 130785 1524321 467763 1056558 5786402 4939193 847209 147273 128132 19141 201177 170507 30670 2258543 2258543 15271511 15271511 1085080 1085080 CORPORATE SERVICES 8728443 8728443 FOOD 5382306 5381530 776 REPAIR AND MAINTENANCE 2482099 2365010 117089 BAD DEBT 690416 690416 3697808 2187471 1355639 154698 120987756 108272580 12057169 658007 4570456 1320517 41927415 38511467 93540485 89812475 3459836 3825317 406819957 225913864 173299606 180906093 80471838 105145415 8086 3 19353330 29385511 416631052 448906798 14459908 14698629 133898034 150675796 55382347 53639990 18022485 15642983 221762774 234657398 X 194868278 214249400 194868278 214249400 416631052 448906798 X -1793217 2778242 18396097 X 0 1 X 1 0 X 4676737 2012831 4772180 2971740 6550141 20983629 84594159 97871261 98239337 99258219 102679946 482642922 89270896 99884092 103011517 102229959 109230087 503626551 1814415 1134449 2583836 2068427 6153246 13754373 0 1814415 1134449 2583836 2068427 6153246 13754373 489872178 7060364 7733261 6671953 6610150 7946190 36021918 7060364 7733261 6671953 6610150 7946190 36021918 10196 957809 426890 256277 117458 1768630 96341456 108575162 110110360 109096386 117293735 541417099 0.90480 0.91420 0.06650 0.06420 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 10,196. 2021 AMOUNT: $ 957,809. 2022 AMOUNT: $ 426,890. 2023 AMOUNT: $ 256,277. 2024 AMOUNT: $ 117,458. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9851486 9851486 302439502 190311174 112128328 23404936 18554103 4850833 71124033 17048587 54075446 180906093 ASSETS LIMITED AS TO USE 7516528 PENSION ASSET 21868983 29385511 REFUNDABLE DEPOSITS 2009013 OTHER LONG TERM LIABILITIES 13633970 15642983 X X X X 0 0 0 0 0 0 0 1 0 SARA MCVEY PRESIDENT & CEO 605221 0 300 0 2539 0 24322 0 12933 0 645315 0 0 0 CHARLIE SHOEMAKE CHIEF FINANCIAL OFFICER 398062 0 300 0 1055 0 16670 0 27122 0 443209 0 0 0 DAVID LATINA CHIEF BUSINESS DEVELOPMENT OFFICER 306899 0 63189 0 2552 0 15049 0 33310 0 420999 0 0 0 MARTHA ATWOOD CHIEF HR OFFICER & CCO, SECRETARY 306899 0 300 0 2068 0 12531 0 30763 0 352561 0 0 0 PAUL FRIESEN EXECUTIVE DIRECTOR, TAMALPAIS 279610 0 0 0 13386 0 12323 0 27122 0 332441 0 0 0 SUZANNE FAIRLEY EXECUTIVE DIRECTOR, PORTOLA VALLEY 282827 0 0 0 1195 0 11939 0 27122 0 323083 0 0 0 GLEN ALAN GODDARD EXECUTIVE DIRECTOR, SSF 263748 0 0 0 13575 0 11667 0 27122 0 316112 0 0 0 ELAINE LIAO VP FINANCE/CONTROLLER 231978 0 300 0 20936 0 11114 0 36991 0 301319 0 0 0 MARC SHORES VP OF OPERATIONS AND FINANCE 265385 0 300 0 3410 0 0 0 12070 0 281165 0 0 0 TERENCE TUMBALE ADMINISTRATOR, THE TAMALPAIS & SSF 224493 0 0 0 7216 0 9833 0 36991 0 278533 0 0 0 KAZUAKI TAKAHASHI VP OF FACILITIES 216731 0 5300 0 1254 0 0 0 32489 0 255774 0 0 0 PAULA RATHGABER-GOMEZ VP OF SALES AND MARKETING 231404 0 300 0 4673 0 6255 0 595 0 243227 0 0 0 MARK MIZUHARA VP OF HUMAN RESOURCES 227464 0 300 0 5318 0 9417 0 595 0 243094 0 0 0 ZENAIDA LORETE SPV DIRECTOR OF SALES 139978 0 88578 0 2040 0 9224 0 769 0 240589 0 0 0 CALVIN GROENEWEG VP OF RISK MGMT & CLINICAL SERVICES 180571 0 300 0 14063 0 8470 0 27122 0 230526 0 0 0 KEVIN OTTERNESS SSF DIRECTOR OF SALES 134163 0 75300 0 840 0 5159 0 12933 0 228395 0 0 0 SAMIR PATEL -DIRECTOR OF BUSINESS APPS & DATA ANALYSIS 193519 0 300 0 2044 0 7836 0 12933 0 216632 0 0 0 JANINE TIMOTEO RN TAM 193767 0 1382 0 0 0 7806 0 12933 0 215888 0 0 0 STEVE HIEGER -CHIEF INFORMATION SYSTEMS OFFICER (THRU 5/24) 104649 0 0 0 59046 0 6766 0 11171 0 181632 0 0 0 PART I, LINE 7 THE NON-FIXED PAYMENTS ARE CONTRACTUALLY DRIVEN BY THE TERMS OF EMPLOYEE EMPLOYMENT AGREEMENTS. THESE ARE AWARDED AND ARE BASED UPON ACCOMPLISHMENT OF KEY DEPARTMENTAL OBJECTIVES AND ARE NOT BASED ON REVENUE OR NET INCOME METRICS. A CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 521643828 13033L7N1 2015-04-15 70844640 TO IMPROVE FACILITIES & REFUND 0 0 0 A 11890000 71097636 4039775 132560 888676 2122766 14515917 49137364 260579 2020 1 0 1 1 A 0 1 1 1 0 0.01000 0.01000 0 0 1 A 0 0 1 1 0 0 0 1 1 A 1 SCHEDULE K, PART I, COLUMN (F): THE BOND ISSUE REFUNDS THE SERIES 2004 (ISSUED 09/15/04) AND THE SERIES 1998 (ISSUED 07/29/98). SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. SCHEDULE K, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BOND ISSUE MEETS THE 6-MONTH SPENDING EXCEPTION. SCHEDULE K, PART IV, LINE 2(C): NO REBATE DUE PER BLX INTERIM ARBITRAGE REBATE ANALYSIS DATED MAY 13, 2020. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY BAKER TILLY ADVISORY GROUP, LP BASED ON THE INFORMATION PROVIDED BY THE ORGANIZATION'S STAFF. PRIOR TO FILING, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND REVIEWED BY THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. ONCE THE FORM 990 IS APPROVED BY THE COMMITTEE, BAKER TILLY ADVISORY GROUP, LP SIGNS AS PREPARER AND THE CHIEF FINANCIAL OFFICER SIGNS ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C SEQUOIA LIVING, INC. ANNUALLY REVIEWS ANY CONFLICT DISCLOSED BY ITS BOARD MEMBERS. ANY QUESTIONS THAT ARISE REGARDING POTENTIAL CONFLICT ARE ADDRESSED IMMEDIATELY. BOARD MEMBERS WHO HAVE A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 SALARY RANGES ARE ESTABLISHED FOR EACH MANAGEMENT POSITION. THE SALARY RANGES ARE INTENDED TO BE COMPETITIVE WITH SIMILAR ORGANIZATIONS AND ADEQUATE TO ATTRACT HIGHLY QUALIFIED MANAGEMENT STAFF. THE SALARY RANGES ARE REVIEWED AT LEAST EVERY THREE YEARS BY THE PERSONNEL COMMITTEE, WHICH THEN RECOMMENDS ANY ADJUSTMENTS TO THE BOARD. THE PRESIDENT/CEO GENERALLY PERFORMS SALARY REVIEWS OF MANAGEMENT STAFF SIMULTANEOUSLY WITH THEIR ANNUAL PERFORMANCE REVIEWS. THE PRESIDENT/CEO'S PERFORMANCE AND SALARY REVIEWS ARE PERFORMED ANNUALLY BY THE PERSONNEL COMMITTEE, WHICH THEN REPORTS ITS RESULTS TO THE BOARD. THE PRESIDENT/CEO IS RESPONSIBLE FOR RECOMMENDING SALARY ADJUSTMENTS FOR OTHER MANAGEMENT STAFF TO THE PERSONNEL COMMITTEE FOR APPROVAL BASED ON TEH ORGANIZATION'S COMPENSATION PROGRAM. THE PERSONNEL COMMITTEE REPORTS ITS RECOMMENDATION FOR THE PRESIDENT/CEO'S SALARY ADJUSTMENTS ALONG WITH ANY APPROVED ADJUSTMENTS FOR OTHER MANAGEMENT STAFF TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE THROUGH THE SEQUOIA LIVING, INC'S WEBSITE. SEQUOIA LIVING ALSO MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 520,217. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 520,217. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 1,861,185. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,861,185. LAUNDRY: PROGRAM SERVICE EXPENSES 174,550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 174,550. OTHER OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,021,017. MANAGEMENT AND GENERAL EXPENSES 117,133. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,138,150. MEDICAL CARE: PROGRAM SERVICE EXPENSES 3,359,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,359,640. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 17,180,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,180,083. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY 7,346,558. CORPORATE ALLOCATIONS 11,049,539. WPA LLC 1525 POST STREET SAN FRANCISCO CA 94109 462285501 PROPERTY MANAGEMENT CA 0 1672 SEQUOIA LIVING INC TPT LLC 1525 POST STREET SAN FRANCISCO CA 94109 473918148 PROPERTY MANAGEMENT CA 0 0 SEQUOIA LIVING INC EPA LLC 1525 POST STREET SAN FRANCISCO CA 94109 831998058 PROPERTY MANAGEMENT CA 0 0 SEQUOIA LIVING INC SENIOR SERVICES FOR NORTHERN CALIFORNIA 1525 POST STREET SAN FRANCISCO CA 94109 946615829 SUPPORT SEQUOIA LIVING CA 501(C)(3) LINE 12A, I SEQUOIA LIVING INC 1 NCPHS COMMUNITY SERVICES 1525 POST STREET SAN FRANCISCO CA 94109 452355370 COMMUNITY SVC CA 501(C)(3) LINE 12A, I SEQUOIA LIVING INC 1 SAN FRANCISCO SENIOR CENTER 890 BEACH STREET SAN FRANCISCO CA 94109 941212136 COMMUNITY SVC CA 501(C)(3) LINE 7 SEQUOIA LIVING INC 1 VIAMONTE SENIOR LIVING 1 INC 1525 POST STREET SAN FRANCISCO CA 94109 812951897 ELDERLY CARE CA 501(C)(3) LINE 10 SEQUOIA LIVING INC 1 EASTERN PARK APARTMENTS LP 1525 POST STREET SAN FRANCISCO CA 94109 831986925 REAL ESTATE CA SEQUOIA LIVING INC RELATED -525 62261730 0 1 0.00010 TOWN PARK TOWERS LP 1525 POST STREET SAN FRANCISCO CA 94109 473918148 REAL ESTATE CA SEQUOIA LIVING INC RELATED -146 30164291 0 1 0.00010 WESTERN PARK APARTMENTS LP 1525 POST STREET SAN FRANCISCO CA 94109 462285501 REAL ESTATE CA SEQUOIA LIVING INC RELATED 29 24178106 0 1 0.00010 SL SENIOR VENTURES LLC 1525 POST STREET SAN FRANCISCO CA 94109 261847720 PROPERTY MANAGEMENT CA SEQUOIA LIVING INC C 143916 4104 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 SENIOR SERVICES FOR NORTHERN CALIFORNIA C 6153246 FMV VIAMONTE SENIOR LIVING INC L 1548444 FMV SL SENIOR VENTURES LLC Q 600000 FMV VIAMONTE SENIOR LIVING INC Q 19870320 FMV