2024-02-12T19:02:42-06:00 2023-03-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2022-04-01 941558214 SHIRES MEMORIAL CENTER SHIR 4082977476 2185 N CALIFORNIA BLVD 215 WALNUT CREEK CA 94596 EDUARDO SALVADOR CFO 4082977476 2024-02-10 1 EDUARDO SALVADOR 999009999 0 LESLIE VAN P01294411 4159561500 2024-02-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDUARDO SALVADOR 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 1495008 0 X WWW.COVIA.ORG X 1960 CA ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. 6 6 4 12 0 0 522000 0 1362075 1439811 184 4513 45818 50684 1930077 1495008 0 0 0 0 298101 275193 0 0 0 2088802 1654129 2386903 1929322 -456826 -434314 15040774 14711598 292112 397250 14748662 14314348 X ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROVIDE LOW INCOME SENIORS WITH AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. 0 0 1804483 0 1439811 SHIRES MEMORIAL CENTER WAS ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROVIDE LOW INCOME SENIORS WITH AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICE SPECIALLY DESIGNED TO MEET THEIR NEEDS. A TOTAL OF 104 PEOPLE WERE SERVED DURING THE YEAR. 1804483 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X EDUARDO SALVADOR 9259567400 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 WOODWARD JOHN CEO 0.10 39.90 X 0 1350533 11125 SALVADOR EDUARDO CFO 0.10 39.90 X 0 747748 56823 OLSON KARI CHIEF INNOV. & TECH OFFICER 0.10 39.90 X 0 673752 69468 JAMISON DIANA - CHIEF CAPITAL STRATEGIES OFFICER (THRU 09/22) 0.10 39.90 X 0 631683 59169 BURTON DESIREE CHIEF HR OFFICER 0.10 39.90 X 0 648592 11704 MCMULLIN MARY CHIEF STRATEGY/ADV. OFFICER 0.10 39.90 X 0 560809 89253 SCHAEFER RONALD COO 0.10 39.90 X 0 549894 7519 BUTLER JOSEPH CHIEF LEGAL OFFICER (THRU 08/22) 0.10 39.90 X 0 458339 10550 DIAZ SORAYA PRESIDENT OF AFFORDABLE HOUSING 2.00 38.00 X 0 341229 57204 VRANICH RACHEL CHIEF LEGAL OFFICER 0.10 39.90 X 0 343947 25915 CASEY JONATHAN SECRETARY/VP OF FINANCE 2.00 38.00 X 0 210262 50878 DONNELLY KEN CHAIR 1.00 7.00 X X 0 0 0 EMSLIE STEPHEN CHAIR (THRU 02/23) 1.00 7.00 X X 0 0 0 MCGOVERN MARION VICE CHAIR 1.00 7.00 X X 0 0 0 JIMENEZ CARLOS DIRECTOR 1.00 7.00 X 0 0 0 KENNISON MARGOL DIRECTOR 1.00 7.00 X 0 0 0 KROEKER KEVIN DIRECTOR 1.00 7.00 X 0 0 0 PETERS WILLIAM DIRECTOR 1.00 7.00 X 0 0 0 0 6516788 449608 0 0 1 0 0 RENTAL INCOME 531110 1052003 1052003 HUD ASSISTANCE INCOME 531390 387808 387808 1439811 4513 4513 OTHER REVENUE 561000 44032 44032 LAUNDRY/VENDING 812300 6652 6652 50684 1495008 1439811 0 55197 225456 225456 11929 11929 21799 21799 16009 16009 83160 83160 3050 3050 38629 38629 12875 12875 4525 4525 92392 92392 10255 10255 624524 624524 1738 1738 707987 707987 60314 60314 ACTIVITIES AND EVENTS 14680 14680 1929322 1804483 124839 0 310147 702599 112179 116509 43972 19557 73334 21573 14628172 1407222 13874391 13220950 626751 630410 15040774 14711598 45824 102163 112179 116509 134109 178578 292112 397250 X 14748662 14314348 14748662 14314348 15040774 14711598 -434314 0 X 0 1 X 1 0 X 522000 522000 1154586 1283105 1326437 1362075 1439811 6566014 1154586 1283105 1326437 1884075 1439811 7088014 522000 522000 0 522000 522000 6566014 601 3069 357 184 4513 8724 601 3069 357 184 4513 8724 15121 64391 34474 45818 50684 210488 1170308 1350565 1361268 1930077 1495008 7307226 0.89860 0.88680 0.00120 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: KEY REPLACEMENT LAUNDRY AND APPLICATION FEES - 2018 AMOUNT: $ 15,121. 2019 AMOUNT: $ 64,391. 2020 AMOUNT: $ 34,474. 2021 AMOUNT: $ 45,818. 2022 AMOUNT: $ 50,684. 0 1 X 3895336 3895336 9467057 1239525 8227532 175218 167697 7521 1090561 1090561 13220950 DUE TO AFFILIATES 178578 178578 X 1495008 0 1495008 0 1495008 1929322 0 1929322 0 1929322 PART IV, LINE 2B: RESIDENT SECURITY DEPOSITS ARE COLLECTED AND MAINTAINED BY SHIRES MEMORIAL CENTER, PER HUD REGULATIONS. IF A RESIDENT LEAVES, THE BALANCE REMAINING IN THE FUND IS RETURNED. ASSETS HELD, INCLUDED IN SAVINGS AND TEMPORARY CASH INVESTMENTS, AMOUNTED TO APPROXIMATELY $112,179 AND $116,509 AS OF MARCH 31, 2022 AND 2023, RESPECTIVELY. AS THESE FUNDS DO NOT REPRESENT ASSETS OF SHIRES MEMORIAL CENTER, A CORRESPONDING TRUST ACCOUNT LIABILITY IS REPORTED IN ESCROW OR CUSTODIAL ACCOUNT LIABILITY. PART X, LINE 2: THE PROJECT APPLIES THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES - OVERALL, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE PROJECT RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE PROJECT RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AT MARCH 31, 2023, THE PROJECT HAD NO UNSETTLED TAX MATTERS. 1 1 0 0 0 0 0 0 0 WOODWARD JOHN CEO 0 669284 0 632809 0 48440 0 9150 0 1975 0 1361658 0 0 SALVADOR EDUARDO CFO 0 381659 0 346956 0 19133 0 54948 0 1875 0 804571 0 0 OLSON KARI CHIEF INNOV. & TECH OFFICER 0 347055 0 307222 0 19475 0 50255 0 19213 0 743220 0 0 JAMISON DIANA - CHIEF CAPITAL STRATEGIES OFFICER (THRU 09/22) 0 284265 0 330246 0 17172 0 50334 0 8835 0 690852 0 0 BURTON DESIREE CHIEF HR OFFICER 0 295740 0 334178 0 18674 0 9150 0 2554 0 660296 0 0 MCMULLIN MARY CHIEF STRATEGY/ADV. OFFICER 0 315662 0 225250 0 19897 0 37703 0 51550 0 650062 0 0 SCHAEFER RONALD COO 0 113256 0 32641 0 403997 0 3316 0 4203 0 557413 0 0 BUTLER JOSEPH CHIEF LEGAL OFFICER (THRU 08/22) 0 219223 0 211973 0 27143 0 9150 0 1400 0 468889 0 0 DIAZ SORAYA PRESIDENT OF AFFORDABLE HOUSING 0 221978 0 91414 0 27837 0 36031 0 21173 0 398433 0 0 VRANICH RACHEL CHIEF LEGAL OFFICER 0 327911 0 0 0 16036 0 9150 0 16765 0 369862 0 0 CASEY JONATHAN SECRETARY/VP OF FINANCE 0 193200 0 14131 0 2931 0 10591 0 40287 0 261140 0 0 PART I, LINES 4A-B LINE 4A - RONALD SCHAEFER RECEIVED A SEVERANCE PAYMENT OF $400,000 DURING THE 2022 CALENDAR YEAR. THE PAYMENT HAS BEEN REPORTED WITHIN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, PAYMENTS HAVE BEEN REPORTED AS TAXABLE COMPENSATION TO THE INDIVIDUALS AND COLUMN (B)(III). LINE 4B - FRONT PORCH COMMUNITIES AND SERVICES HAS A 457F PLAN FOR THE FOLLOWING INDIVIDUALS. THE PARTICIPANTS OF THE PLAN ARE THOSE EMPLOYEES WHO ARE ADMINISTRATORS AND OFFICERS OF FRONT PORCH COMMUNITIES AND SERVICES AND ITS AFFILIATES. ADMINISTRATORS ARE THE EXECUTIVE DIRECTORS OF THE COMMUNITIES. FROM TIME TO TIME THE BOARD MAY DESIGNATE ADDITIONAL OFFICERS AND ADMINISTRATORS. RONALD SCHAEFER DIANA JAMISON MARY MCMULLIN JONATHAN CASEY EDUARDO SALVADOR KARI OLSON SCHEDULE J, PART I ALL OF THE EMPLOYEES LISTED ON FORM 990 PART VII SECTION A--OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES--ARE EMPLOYED AND COMPENSATED BY FRONT PORCH COMMUNITIES AND SERVICES. THE ORGANIZATION RELIED ON FRONT PORCH COMMUNITIES AND SERVICES. USING 3 METHODS DESCRIBED ON PART I, LINE 3 TO ESTABLISH OFFICER'S COMPENSATION. THE METHODS USED ARE: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FRONT PORCH COMMUNITIES AND SERVICES REPORTS 100% OF THE INDIVIDUAL'S COMPENSATION ON W-2'S ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. HOWEVER, SOME OF THESE EMPLOYEES ARE ASSIGNED DUTIES FOR OTHER RELATED ORGANIZATIONS (SEE SCHEDULE R FOR ADDITIONAL INFORMATION REGARDING THE RELATED ORGANIZATIONS). THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES REMITTED TO COVIA AFFORDABLE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTED WITH COVIA AFFORDABLE COMMUNITIES TO PROVIDE PROPERTY MANAGEMENT, OPERATIONAL, AND ACCOUNTING SERVICES. FORM 990, PART VI, SECTION A, LINE 6 COVIA AFFORDABLE COMMUNITIES, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION IS THE SOLE MEMBER OF SHIRES MEMORIAL CENTER. FORM 990, PART VI, SECTION A, LINE 7A COVIA AFFORDABLE COMMUNITIES HAS THE RIGHT TO VOTE WITH RESPECT TO ELECTING AND REMOVING THE DIRECTORS OF THE SHIRES MEMORIAL CENTER BOARD. THE DIRECTORS SHALL AT ALL TIMES CONSIST OF THOSE PERSONS WHO ARE SERVING AS MEMBERS OF THE BOARD OF DIRECTORS OF COVIA AFFORDABLE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7B COVIA AFFORDABLE COMMUNITIES SHALL HAVE VOTING RIGHTS WITH RESPECT TO (I) THE ELECTION AND REMOVAL OF DIRECTORS, (II) THE DISSOLUTION, LIQUIDATION, MERGER OR SALE OF THE SUBSTANTIAL ASSETS OF THE CORPORATION, (III) ADOPTING, AMENDING OR REPEALING THE ARTICLES OF INCORPORATION OF THE CORPORATION OR BYLAWS, AND (IV) SUCH OTHER MATTERS AS MAY BE PROVIDED IN THE BYLAWS OR THE NONPROFIT CORPORATION LAW OF CALIFORNIA. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND MANAGEMENT PERSONNEL OF SHIRES MEMORIAL CENTER REVIEW THE 990 INFORMATION RETURN BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND BOARD MEMBERS ARE ASKED ON AN ANNUAL BASIS IF THERE ARE ANY ACTIVITIES AND/OR AFFILIATIONS THAT WOULD POSE A CONFLICT WITH THEIR ABILITY TO SERVE ON THE BOARD OR ITEMS THAT THEY WILL NEED TO RECUSE THEMSELVES FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL EMPLOYEES OF SHIRES MEMORIAL CENTER IS PAID BY ITS ULTIMATE OWNER, FRONT PORCH COMMUNITIES AND SERVICES. W2S/W3S ARE ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. SENIOR MANAGEMENT EMPLOYEES LISTED IN PART VII ARE EMPLOYEES OF FRONT PORCH COMMUNITIES AND SERVICES, A RELATED ORGANIZATION. THEY ARE PAID AND ISSUED W-2S BY FRONT PORCH COMMUNITIES AND SERVICES. THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES REMITTED TO COVIA AFFORDABLE COMMUNITIES. FRONT PORCH COMMUNITIES AND SERVICES USE AN INDEPENDENT CONSULTANT WHO ANALYZES AND REPORTS ON REASONABILITY OF COMPENSATION EVERY TWO YEARS. THE CONSULTANT IS INDEPENDENT OF MANAGEMENT AND REPORTS DIRECTLY TO THE CHAIRMAN OF THE BOARD. THE CONSULTANT REVIEWS AND PROVIDES A REPORT ON ANY ISSUES WITH THE COMPENSATION THE CEO AND/OR THE CFO RECEIVE INCLUDING ANY ISSUES AROUND EXCESS COMPENSATION. ADDITIONALLY, ALL KEY EXECUTIVES COMPENSATION ARE REVIEWED BY THE CONSULTANT. THIS REVIEW INCLUDES TOTAL CASH COMPENSATION AND BENEFITS INCLUDING RETIREMENT PLANS. EVERY YEAR, THE CHIEF HR OFFICER REVIEWS THE COMPENSATION FOR ALL MANAGEMENT AGAINST MARKET ANALYSIS GUIDELINES AND RECOMMENDS CHANGES. THIS REVIEW ALSO INCLUDES A TEST OF BENEFITS AGAINST SIMILAR COMPANIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE AND IN THE SITE OFFICE. BETHANY CENTER SENIOR HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 952593423 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 COMMUNITY HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 942264235 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 JENNINGS SENIOR HOUSING INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 113754507 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 LYTTON IV HOUSING CORPORATION 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 770324027 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 OAK CENTER TOWERS 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 942148270 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 COVIA AFFORDABLE COMMUNITIES 0 PRESIDIO GATE APARTMENTS 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 680012837 PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED PERSONS CA 501(C)(3) LINE 7 COVIA AFFORDABLE COMMUNITIES 0 LYTTON GARDENS INC 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 942670036 DORMANT CA 501(C)(3) LINE 3 FRONT PORCH COMMUNITIES AND SERVICES 0 CARING HOUSING MINISTRIES 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 954540601 MANAGEMENT OF AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 FRONT PORCH COMMUNITIES AND SERVICES 0 COVIA AFFORDABLE COMMUNITIES 2185 N CALIFORNIA BLVD STE 215 WALNUT CREEK CA 94596 943382412 PARENT ORGANIZATION OF SMC: MANAGEMENT AND FUNDRAISING SUPPORT CA 501(C)(3) LINE 12B, II FRONT PORCH COMMUNITIES AND SERVICES 0 FRONT PORCH COMMUNITIES FOUNDATION 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 953862907 PROVIDE FINANCIAL SUPPORT TO RESIDENTS IN RETIREMENT COMMUNITIES CA 501(C)(3) LINE 7 FRONT PORCH COMMUNITIES AND SERVICES 0 SUNNY VIEW LUTHERAN HOME 22445 CUPERTINO ROAD CUPERTINO CA 95014 941542379 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 FRONT PORCH COMMUNITIES AND SERVICES 0 FRONT PORCH COMMUNITIES AND SERVICES 800 NORTH BRAND BLVD 19TH FL GLENDALE CA 91203 954538269 AFFORDABLE SENIOR HOUSING CA 501(C)(3) LINE 10 N/A 0 OAK CENTERS LP 2185 N CALIFORNIA BLVD SUITE 215 WALNUT CREEK CA 94596 522456294 PROVIDE AFFORABLE HOUSING TO ELDERLY CA N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0