2026-05-13T13:52:17-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 1000 SAN FRANCISCO CA 94104 990 2024-07-01 030594291 899 CHARLESTON 899C 6504346106 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 BEN CHAIKA CHIEF FINANCIAL OFFICER 6504346106 2026-05-11 1 1 MICHAEL LUMSDEN P01262236 4159561500 2026-05-11 2024 2025-03-06 01:10:19Z MOLDAW RESIDENCES MARK BADDAS 899 EAST CHARLESTON ROAD PALO ALTO CA 94303 20492909 0 X WWW.MOLDAW.ORG X 2006 CA TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS AND ADDRESS THE WELL-BEING OF THE RESIDENTS. 16 16 158 21 0 0 174729 22132 16119227 18291757 1642350 2161215 19387 17805 17955693 20492909 0 0 0 0 8231066 9678114 0 0 0 14120288 14330444 22351354 24008558 -4395661 -3515649 138950165 147719698 201554225 214181809 -62604060 -66462111 X WE SUPPORT THE HIGHEST LEVEL OF INDEPENDENCE FOR EACH INDIVIDUAL BY PROMOTING THE PURSUIT OF A HEALTHFUL LIFESTYLE AND COMMUNITY INVOLVEMENT ON OUR MULTI-GENERATIONAL CAMPUS. WE SEEK TO PRESERVE JEWISH COMMUNITY VALUES AND TRADITIONS, WHILE SERVING THE DIVERSE CULTURES AND BACKGROUNDS OF THE ENTIRE PENINSULA REGION. 0 0 21106690 0 18291757 DURING THE FISCAL YEAR, 899 CHARLESTON DBA MOLDAW RESIDENCES OPERATED A 193-UNIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING 170 UNITS FOR INDEPENDENT LIVING, 12 FOR ASSISTED LIVING, AND 11 UNITS FOR SPECIALIZED MEMORY SUPPORT. IT PROVIDED MEDICAL AND WELLNESS SERVICES, MEALS, HOUSEKEEPING SERVICES, ACTIVITIES, AND TRANSPORTATION FOR THE RESIDENTS. THERE WAS AN AVERAGE OF 219.7 RESIDENTS DURING THE FISCAL YEAR. 21106690 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 0 0 0 0 0 0 0 0 0 0 1 61 0 1 158 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BEN CHAIKA 6506901037 899 E CHARLESTON ROAD PALO ALTO CA 94303 GINA ROSENFIELD DIRECTOR/CHAIR 1.00 X X 0 0 0 MARLENE LEVENSON DIRECTOR/VICE-CHAIR 1.00 X X 0 0 0 CRAIG SEIDEL DIRECTOR/SECRETARY 1.00 X X 0 0 0 EFRAT KASZNIK DIRECTOR/TREASURER 1.00 X X 0 0 0 BETTY ADLER DIRECTOR (START 2/26/25) 1.00 X 0 0 0 NORM BERKMAN DIRECTOR 1.00 X 0 0 0 RITA GHATAK DIRECTOR 1.00 X 0 0 0 TONY KLEIN DIRECTOR 1.00 X 0 0 0 CAROLE KUSHNIR DIRECTOR 1.00 X 0 0 0 LARRY MARKS DIRECTOR 1.00 X 0 0 0 STEVE MONOSSON DIRECTOR 1.00 X 0 0 0 CAROL ROBERTS DIRECTOR 1.00 X 0 0 0 NANCY ROSSEN DIRECTOR (THRU 8/19/2024) 1.00 X 0 0 0 ALEX ROZENFELD DIRECTOR 1.00 X 0 0 0 RIC RUDMAN DIRECTOR 1.00 X 0 0 0 TERRY SCOTT DIRECTOR 1.00 X 0 0 0 JEFFREY SOSNICK DIRECTOR (THRU 6/18/2025) 1.00 X 0 0 0 DAVID STEIRMAN DIRECTOR 1.00 X 0 0 0 MARK BADDAS EXECUTIVE DIRECTOR 40.00 X 264603 0 32248 BENJAMIN CHAIKA CHIEF FINANCIAL OFFICER 40.00 X 246182 0 9774 STACY GUTHMANN DIRECTOR OF SALES AND MARKETING 40.00 X 202902 0 19756 LAYANA SANTOS DIRECTOR OF HEALTH SERVICES 40.00 X 164281 0 25805 KATHYA RAVELLO DIRECTOR OF HUMAN RESOURCES 40.00 X 134455 0 47285 JUAN LOPEZ DIRECTOR OF PLANT OPERATIONS 40.00 X 130478 0 42135 ANTON DE VERA SOUS CHEF 40.00 X 125323 0 36062 CHARLES SAUNDERS DIRECTOR OF DINING SERVICES 40.00 X 127786 0 30804 KAREN LERNER HEALTH AND WELLNESS NAVIGATOR 40.00 X 108356 0 5246 1504366 0 249115 9 0 1 0 LIFE CARE SERVICES LLC 400 LOCUST STREET DES MOINES IA 50309 MANAGEMENT / ADMINISTRATIVE SERVICES 1247121 ACCO ENGINEERED SYSTEMS PO BOX 847360 DEPT 5658 LOS ANGELES CA 90084 MECHANICAL SYSTEMS MAINTENANCE 1211560 ALL ABOUT PARKING 100 S ELLSWORTH AVENUE SUITE 203 SAN MATEO CA 94401 VALET PARKING SERVICES 366799 EXIGENCY HEALTHCARE SERVICES LLC 4041 MAISON LANE TRACY CA 95377 HEALTHCARE STAFFING 300785 MARCHETTI GROUP 890 COWAN ROAD SUITE C BURLINGAME CA 94010 GENERAL CONTRACTOR 238043 10 22132 22132 RESIDENT FEES 623000 15927350 15927350 AMORT OF ENTRANCE FEES 623000 2167468 2167468 OTHER OPERATING REV 623000 196939 196939 18291757 2161215 2161215 16584 0 16584 16584 16584 MISCELLANEOUS REVENUE 900099 1221 1221 1221 20492909 18291757 0 2179020 1055248 793004 262244 7033398 6709519 323879 103344 95269 8075 966644 829839 136805 519480 455998 63482 724291 724291 52364 52364 122684 9713 112971 299088 206187 92901 283711 283711 407351 240473 166878 256210 256210 1859661 1679770 179891 87479 39988 47491 17685 17685 3036501 3036501 3947396 3947396 426973 426973 LOSS - DEBT RETIREMENT 1233851 1233851 FOOD COSTS 1057530 1057530 PROFESSIONAL DUES 199716 196240 3476 ACTIVITIES - RECREATION 179631 179631 138322 94385 43937 24008558 21106690 2901868 0 7939145 13765743 4559297 3683596 229482 66220 1968516 4228306 22492 22492 194907 251817 159860201 65040058 94741315 94820143 28318170 29991196 976841 890185 138950165 147719698 1307422 2189443 13461157 16500476 62076168 59876328 4272026 3740892 120437452 131874670 201554225 214181809 X -71718216 -75922741 9114156 9460630 -62604060 -66462111 138950165 147719698 X -3515649 52990 -395392 X 0 1 X 1 0 X 1194872 127526 82460 174729 22132 1601719 15604879 14106626 13499749 16119227 18291757 77622238 16799751 14234152 13582209 16293956 18313889 79223957 243762 71788 71917 15000 67430 469897 0 243762 71788 71917 15000 67430 469897 78754060 59228 91667 511511 1660490 2177799 4500695 59228 91667 511511 1660490 2177799 4500695 158917 35316 216817 1247 1221 413518 17017896 14361135 14310537 17955693 20492909 84138170 0.93600 0.95490 0.05350 0.03230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 158,917. 2021 AMOUNT: $ 35,316. 2022 AMOUNT: $ 216,817. 2023 AMOUNT: $ 1,247. 2024 AMOUNT: $ 1,221. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8598699 841186 499023 8940862 8330396 745013 476710 8598699 8221046 650719 541369 8330396 9502395 -1144737 136612 8221046 8089314 1523780 110699 9502395 0.00000 0.53872 0.46128 0 0 13118538 13118538 132745803 55596143 77149660 11240893 8782792 2458101 2754967 661123 2093844 94820143 REFUNDABLE DEPOSITS 541865 REFUNDABLE ENTRANCE FEES 131199666 RIGHT-OF-USE LEASE LIABILITY 133139 131874670 X 20150507 52990 -395392 -342402 20492909 0 20492909 24008558 0 24008558 0 24008558 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT FOR RESIDENTS OF MOLDAW RESIDENCES 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. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND CALIFORNIA STATE INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND BY THE FRANCHISE TAX BOARD UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. 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: CHANGES IN INTEREST IN OWNERS ASSOCIATION -395,392. X 0 0 0 0 0 0 0 0 0 MARK BADDAS EXECUTIVE DIRECTOR 264603 0 0 0 0 0 0 0 32248 0 296851 0 0 0 BENJAMIN CHAIKA CHIEF FINANCIAL OFFICER 246182 0 0 0 0 0 7763 0 2011 0 255956 0 0 0 STACY GUTHMANN DIRECTOR OF SALES AND MARKETING 202902 0 0 0 0 0 8125 0 11631 0 222658 0 0 0 LAYANA SANTOS DIRECTOR OF HEALTH SERVICES 164281 0 0 0 0 0 1620 0 24185 0 190086 0 0 0 KATHYA RAVELLO DIRECTOR OF HUMAN RESOURCES 134455 0 0 0 0 0 5722 0 41563 0 181740 0 0 0 JUAN LOPEZ DIRECTOR OF PLANT OPERATIONS 130478 0 0 0 0 0 5530 0 36605 0 172613 0 0 0 ANTON DE VERA SOUS CHEF 125323 0 0 0 0 0 0 0 36062 0 161385 0 0 0 CHARLES SAUNDERS DIRECTOR OF DINING SERVICES 127786 0 0 0 0 0 5265 0 25539 0 158590 0 0 0 A CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY 680164610 13080SX33 2024-11-13 63272397 REFUND PRIOR TAX-EXEMPT BOND DATED 11/20/2014 0 0 0 A 63272397 1167886 2217753 59886758 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT CONTRACT IN PLACE WITH LIFE CARE SERVICES (LCS); UNDER THE TERMS OF THE AGREEMENT, LCS SUPERVISES THE OPERATIONS OF THE COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2025, THE ORGANIZATION PAID $724,291 FOR MANAGEMENT AND MARKETING SERVICES. IN ADDITION, THE EXECUTIVE DIRECTOR IS COMPENSATED BY LCS, WHO IS REIMBURSED BY THE ORGANIZATION; COMPENSATION PAID FROM LCS TO THE EXECUTIVE DIRECTOR FOR THE 2024 CALENDAR YEAR HAS BEEN INCLUDED AS COMPENSATION FROM THE ORGANIZATION ON FORM 990, PART VII, SECTION A IN ACCORDANCE WITH IRS ANNOUNCEMENT 2021-18. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE STAFF. MANAGEMENT OF THE ORGANIZATION THEN REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY UNRESOLVED QUESTIONS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. 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, WHICH INCLUDES RECUSAL FROM ANY DECISION-MAKING PROCESS INVOLVING A CONFLICTED INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FISCAL YEAR, INDEPENDENT REPRESENTATIVES OF THE MANAGEMENT COMPANY OVERSEEING OPERATIONS OF THE ORGANIZATION REVIEWED AND APPROVED THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR AND CFO BASED ON COMPENSATION SURVEYS AND STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS ARE ALSO POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN OWNERS ASSOCIATION -395,392.