2015-05-14T18:08:33-05:00 2014-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2013-07-01 030594291 899 CHARLESTON 899C 6504333614 899 E CHARLESTON ROAD PALO ALTO CA 94303 DANIEL RUTH TRUSTEE 6504333614 2015-05-13 1 LINDSEY PARNELL P00546853 4159561500 2013 2016-02-25 16:41:14Z MOLDAW FAMILY RESIDENCES DANIEL RUTH 899 E CHARLESTON ROAD PALO ALTO CA 94303 11574710 0 X WWW.899CHARLESTON.ORG X 2006 CA TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS, ADDRESS THE WELL BEING OF THE RESIDENTS, AND ADOPT POLICIES TO PROTECT THEM AGAINST FINANCIAL RISKS. 8 6 133 6 0 0 183892 322181 8495779 11250186 3182 2343 0 0 8682853 11574710 0 0 0 0 3657502 4486882 0 0 15413 13200534 13175268 16858036 17662150 -8175183 -6087440 176223098 161915092 202360421 193854588 -26137323 -31939496 X SEE SCHEDULE OWE SUPPORT THE HIGHEST LEVEL OF INDEPENDENCE FOR EACH INDIVIDUAL BY PROMOTING THE PURSUIT OF A HEALTHFUL LIFESTYLE AND COMMUNITY INVOLVEMENT ON OUR MULTIGENERATIONAL CAMPUS. WE SEEK TO PRESERVE JEWISH COMMUNITY VALUES AND TRADITIONS, WHILE SERVING THE DIVERSE CULTURES & BACKGROUNDS OF THE ENTIRE PENINSULA REGION IN OFFERING A COMPLETELY UNIQUE RETIREMENT OPTION-"UNRETIREMENT!" 0 0 15961848 11250186 SEE SCHEDULE OCONSTRUCTION AND OPERATION OF 193 MAINTENANCE-FREE APARTMENTS, INCLUDING 170 UNITS FOR INDEPENDENT LIVING, 12 FOR ASSISTED LIVING AND 11 UNITS FOR SPECIALIZED MEMORY SUPPORT, IN BUILDINGS THROUGHOUT THE PEDESTRIAN-FRIENDLY TAUBE-KORET CAMPUS FOR JEWISH LIFE, THE FIRST AND ONLY JEWISH-SPONSORED SENIOR LIVING COMMUNITY IN THE REGION SOUTH OF SAN FRANCISCO, CALIFORNIA. THE GOAL OF THIS UNIQUE NEIGHBORHOOD DESIGN IS TO FOSTER OPPORTUNITIES FOR OLDER ADULTS TO ENGAGE WITH INDIVIDUALS OF ALL AGES AS THEY PARTICIPATE IN ACTIVITIES AND ORGANIZATIONS ON THE CAMPUS. AS A CONTINUING CARE RETIREMENT COMMUNITY, 899 CHARLESTON ALSO PROVIDES FOR RESIDENTS' FUTURE HEALTHCARE, AS NEEDED. IN ADDITION TO HAVING ACCESS TO PERSONALIZED ASSISTED LIVING SERVICES MEMORY SUPPORT RESIDENCES ON CAMPUS, RESIDENTS ARE ALSO AFFORDED PRIORITY ACCESS TO SKILLED NURSING CARE THROUGH AN AFFILIATION WITH THE HEBREW HOME FOR AGED DISABLED. DURING THE YEAR, MOLDAW FAMILY RESIDENCES PROVIDED INDEPENDENT LIVING AND MEMORY SUPPORT LIVING TO ELDERLY RESIDENTS. THERE WERE 233 RESIDENTS AT JUNE 30, 2014. 15961848 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 1 0 0 0 0 0 1 0 0 0 1 43 0 133 1 0 0 0 0 0 0 0 0 0 0 X 8 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X VICTOR MEINKE 4155622690 302 SILVER AVENUE SAN FRANCISCO CA 94112 DANIEL RUTH TRUSTEE, EXECUTIVE VICE PRESIDENT 5.20 10.80 X 0 538530 178257 PAM FERRIS TRUSTEE 1.00 0.00 X 0 0 0 LARRY MARKS CHAIR 1.00 2.00 X X 0 0 0 SUSAN MOLDAW TRUSTEE, SECRETARY 1.00 0.00 X X 0 0 0 JOEL GOLDMAN TRUSTEE, TREASURER 1.00 0.00 X X 0 0 0 DAN OGUS TRUSTEE 1.00 0.00 X 0 0 0 DAVID STEIRMAN TRUSTEE, CO-CHAIR 1.00 2.00 X X 0 0 0 GEORGE PILLARI CEO 1.00 0.00 X X 0 0 0 VICTOR MEINKE CFO 4.00 16.00 X 0 229267 36857 MARIANNE HOGG EXECUTIVE DIRECTOR(6/18/13-9/20/13) 40.00 0.00 X 0 0 0 ALONSO ZAPATA EXECUTIVE DIRECTOR(2/2/14-6/30/14) 40.00 0.00 X 0 0 0 ALAN FLETCHER EXECUTIVE DIRECTOR(9/23/13-1/3/14) 40.00 0.00 X 0 0 0 JANELL HAAG SALES COUNSELOR 40.00 0.00 X 105652 0 215 105652 767797 215329 1 0 1 0 OSHMAN FAMILY JCC 3921 FABIAN WAY PALO ALTO CA 94303 MEMBERSHIP FEES AND SHARED EXPENSES 1201889 MORRISON MANAGEMENT SPECIALIST 4721 MORRISON DR MOBILE AL 33609 KITCHEN SERVICE FOR RESIDENTS 1148352 GMSC CALIFORNIA LLC 225 E JOHN CARPENTER FREEWAY STE 7 IRVING TX 75062 MARKETING AND SALES SERVICE, MANAGEMENT 980394 GLYNNDEVINS ADVERTISING 11230 COLLEGE BLVD OVERLAND PARK KS 66210 ADVERTISING/MARKETING PLANNING 923154 STUDIO SIX 5 336 SOUTH CONGRESS SUITE 165 AUSTIN TX 78704 INTERIOR DESIGN 422602 7 322181 322181 RESIDENT FEES 623000 8669200 8669200 ENTRANCE FEE AMORT 623000 2166354 2166354 FEES FOR SERVICE 623000 414632 414632 11250186 2343 2343 11574710 11250186 0 2343 3518643 3112017 406626 26990 17493 9497 639764 519981 119783 301485 271409 30076 250467 207352 43115 88500 165 88335 54825 54825 1578226 1110006 468220 294605 294605 105555 15172 90383 90553 90553 1116780 1116780 78629 78629 4947240 4853386 93854 102432 102432 LOC AND REMARKETING FEE 1428834 1428834 FOOD AND BEVERAGES 704873 697462 7411 LOAN CONSULTING FEES 478448 478448 MARKETING INCENTIVE FEE 398496 398496 1456805 1168628 272764 15413 17662150 15961848 1684889 15413 1372379 821758 28336642 22093709 555943 499143 89382 170718 5831748 2020066 599241 571541 148421649 20311986 131592086 128109663 7845677 7628494 176223098 161915092 989386 893226 8969225 11641214 82830000 61130000 20740095 15396227 372274 400406 88459441 104393515 202360421 193854588 X -32000747 -38408913 2017942 2348935 3845482 4120482 -26137323 -31939496 176223098 161915092 X -6087440 285267 X 0 1 X 1 0 X 1577938 1202316 707678 183892 322171 3993995 1577938 1202316 707678 183892 322171 3993995 422708 3571287 458798 472816 407201 3182 2343 1344340 5338335 33235361 0.66900 0.74390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4625291 275000 673446 5573737 4079770 128216 417303 4625289 3600666 427916 51188 4079770 2963406 300000 337260 3600666 3683919 -875000 154487 2963406 0.00000 0.73930 0.26070 0 1 1 13118538 13118538 127306950 16523166 110783784 6409200 3506960 2902240 1586961 281860 1305101 128109663 REFUNDABLE DEPOSIT 1449665 REFUNDABLE ENTRANCE FEES 96045320 LOAN PAYABLE FROM JHSLF 6839812 DUE TO JSLG 58718 104393515 X 12368657 793947 793947 11574710 0 11574710 18170830 508680 508680 17662150 0 17662150 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO PROVIDE SUPPORT FOR RESIDENTS OF THE 899 CHARLESTON PROJECT 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. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. 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: CHANGE IN BENEFICIAL INTEREST 673,446. WRITE OFF UNCOLLECTIBLE PLEDGES 120,501. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF DISCOUNT ON NOTES PAYABLE 508,680. X X X 0 1 0 0 0 0 0 0 0 DANIEL RUTH TRUSTEE, EXECUTIVE VICE PRESIDENT 0 538530 0 0 0 0 0 127241 0 51016 0 716787 0 0 VICTOR MEINKE CFO 0 216767 0 12500 0 0 0 7072 0 29785 0 266124 0 0 PART I, LINE 4B DANIEL RUTH: CONTRIBUTION TO 457(F) PLAN $113,791 A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CLW8 2007-06-16 165805000 FINANCING TO CONSTRUCT & EQUIP CONTINUING CARE RETIREMENT COMMUNITY 0 1 0 A 104675000 165805000 8978388 1874663 1982698 1466577 151387811 114863 2009 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 1 MORGAN STANLEY 9.750000000000 1 1 1 TRANSAMERICA LIFE 4.750000000000 1 0 1 A 1 ALVAREZ & MARSAL HEALTHCARE GRP INC TRUSTEE-MANAGING DIRECTOR 344970 GEORGE PILLARI, TRUSTEE, IS A MANAGING DIRECTOR OF ALVAREZ AND MARSAL, WITH WHICH 899 CHARLESTON HAD A MANAGEMENT CONTRACT. 0 PART V IN ACCORDANCE WITH POLICY THE NON-INDEPENDENT TRUSTEE RECUSES HIMSELF FROM ALL DISCUSSION AND VOTING RELATED TO ALVAREZ & MARSAL HEALTHCARE GRP, LLC. FORM 990, PART VI, SECTION A, LINE 3 GREYSTONES ROLE AS ONE OF WORKING WITH THE OWNER (DEFINED AS 899 CHARLESTON) IN MAKING MAJOR DECISIONS INCLUDING BUDGETING, HIRING/FIRING, SELECTION OF AN EXECUTIVE DIRECTOR AND MARKETING DIRECTOR, MAJOR CAPITAL DECISIONS. THE BOARD OF MOLDAW HAS ULTIMATE AUTHORITY AS TO THESE FUNCTIONS, AND GREYSTONE IS A CONSULTANT (AS THEY ARE TITLED IN THE AGREEMENT) PROVIDING RECOMMENDED ACTIONS TO THE BOARD. THE EXECUTIVE DIRECTOR IS A GREYSTONE EMPLOYEE AND MANAGES THE DAY-TO-DAY OPERATIONS OF 899 CHARLESTON. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD OF TRUSTEES PRIOR TO FILING. MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND PRINCIPLE OFFICER OF THE ORGANIZATION AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SIGNS A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWED AND APPROVED THE ANNUAL COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR BASED ON VARIOUS FACTORS SUCH AS: COMPENSATION DATA OBTAINED FROM VARIOUS SOURCES AND NON-PROFIT RESOURCES FOR SIMILARLY SITUATED ORGANIZATION IN THE AREA. THE BOARD APPROVED THE ANNUAL BUDGET THAT INCLUDES SALARY EXPENSE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN OR ORAL REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 673,446. AMORTIZATION OF DISCOUNT ON NOTES PAYABLE -508,680. WRITE-OFF OF UNCOLLECTIBLE PLEDGES 120,501. SECTION VII, COMPENSATION: HOURS FOR DANIEL RUTH AND VICTOR MEINKE MAY APPEAR LOW DUE TO EXCLUSION OF HOURS DEVOTED TO ORGANIZATIONS IN THE GROUP THAT DONT MEET THE IRS DEFINITION OF "RELATED." JEWISH SENIOR LIVING GROUP 302 SILVER AVENUE FRANCISCO CA 94112 800291740 SEE PART VII CA 501(C)(3) 11A JEWISH HOME AND SENIOR LIVING FOUNDATION 0 JEWISH HOME AND SENIOR LIVING FOUNDATION 302 SILVER AVENUE FRANCISCO CA 94112 020724278 SEE PART VII CA 501(C)(3) 7 N/A 0 BAY AREA JEWISH SENIOR LIFE 302 SILVER AVENUE FRANCISCO CA 94112 455092344 SEE PART VII CA 501(C)(3) 11A JEWISH SENIOR LIVING GROUP 0 BAY AREA SENIOR HEALTH SERVICES INC 302 SILVER AVENUE SAN FRANCISCO CA 94015 454293287 MANAGEMENT CO CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 PART II, LINE 1, COL (B) JEWISH SENIOR LIVING GROUP PRIMARY ACTIVITY TO PROMOTE THE PROVISION OF JEWISH LIVING SERVICES, FACILITIES AND AGING SERVICES IN NORTHERN CALIFORNIA BY PROVIDING SERVICES DESIGNED TO ASSIST THE SUPPORTED CHARITIES IN THEIR OWN OPERATIONS AND ASSIST WITH DEVELOPING NEW SERVICES AND FACILITIES IN THE AFFILIATED NETWORK. PART II, LINE 2, COL (B) JEWISH HOME AND SENIOR LIVING FOUNDATION PRIMARY ACTIVITY TO PROMOTE AND SUPPORT THE PROVISION OF JEWISH AGING SERVICES, INCLUDING THE MISSION AND ACTIVITIES ASSOCIATED WITH THE JEWISH HOME OF SAN FRANCISCO AND NETWORK AFFILIATES. PART II, LINE 3, COL (B) BAY AREA JEWISH SENIOR LIFE PRIMARY ACTIVITY TO ASSIST THE SUPPORTED CHARITIES IN THEIR OWN OPERATIONS AND ASSIST WITH DEVELOPING NEW SERVICES AND FACILITIES IN THE AFFILIATED NETWORK.