2025-04-28T15:40:36-05:00 2024-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-07-01 941480548 AVENIDAS AVEN 6502895400 450 BRYANT STREET PALO ALTO CA 94301 MAUREEN BREEN CFO/VP, FINANCE AND ADMIN 6502895400 2025-02-26 1 0 JACOB YAU P01560332 4089988400 2023 2025-03-06 01:10:19Z KRISTINA LUGO 450 BRYANT STREET PALO ALTO CA 94301 8894525 0 X WWW.AVENIDAS.ORG X 1961 CA AVENIDAS PROVIDES SUPPORT, INFORMATION, AND COMMUNITY TO ENRICH THE LIVES OF OLDER ADULTS. 19 19 65 309 0 0 4905710 3405762 1500032 1721114 778872 1382886 -3357 637 7181257 6510399 0 0 0 0 4209281 4548181 0 0 439387 2802582 2682353 7011863 7230534 169394 -720135 52425015 54083503 817203 668610 51607812 53414893 X THE MISSION OF AVENIDAS IS TO HELP OLDER ADULTS IN OUR COMMUNITY BE AS ACTIVE, ENGAGED AND HEALTHY AS POSSIBLE THROUGHOUT THEIR LIVES BY PROVIDING RELEVANT SERVICES AND PROGRAMS. 0 0 2751927 0 1061388 AVENIDAS ROSE KLEINER CENTER: ADULT DAY HEALTH CARE PROVIDES TRANSPORTATION, NUTRITION, RECREATION, SOCIAL SERVICE, AND HEALTH SERVICES (INCLUDING NURSING CARE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, DIETARY AND SPEECH THERAPY) TO FRAIL SENIORS AND DEPENDENT ADULTS. THE AVENIDAS ROSE KLEINER CENTER HAD 10,149 DAYS OF SERVICE PROVIDED TO 127 UNDUPLICATED CLIENTS. WHILE OPEN FOR THE FULL YEAR, THERE WAS ONE COVID RELATED CLOSURE IN OCTOBER 2023. 583640 0 284947 PARTICIPANT & HEALTH SERVICES: PROVIDES RECEPTION, REGISTRATION, MEMBERSHIP TO OLDER ADULTS, AND FACILITATES THE PROVISION OF EDUCATION, RECREATION, AND SOCIAL SERVICES. WE HAD 10,348 REGISTRATIONS WITH 68,067 INDIVIDUAL SERVICE ENCOUNTERS PROVIDED TO 2,086 LIFELONG LEARNING PARTICIPANTS AND 530 HEALTH AND WELLNESS PARTICIPANTS AND ACROSS THE AGENCY. 380474 0 205721 AVENIDAS VILLAGE: PROVIDES SOCIAL, SUPPORTIVE, PRACTICAL, AND OTHER SERVICES TO OLDER ADULT MEMBERS IN SUPPORT OF MAINTAINING THEIR INDEPENDENCE IN THEIR OWN HOMES. THE VILLAGE SERVED 401 MEMBERS DURING FY24. VILLAGE EVENT ATTENDANCE TOTALED 5,270 FOR THE YEAR, WITH A MIX OF IN-PERSON AND ZOOM ACTIVITIES. WHILE MOST ACTIVITIES AND GROUPS ARE IN-PERSON, WE STILL OFFER A FEW ZOOM OR HYBRID PROGRAMS TO SERVE THOSE MEMBERS WHO ARE UNABLE TO LEAVE THEIR HOMES. 1754599 0 169058 ADDITIONAL PROGRAMS INCLUDING SOCIAL WORK (826 CLIENTS), TRANSPORTATION INCLUDING DELIVERIES (2,593 SERVICES PROVIDED), CHINESE COMMUNITY CENTER (545 REGISTRATIONS), TECH PLUS (234 ATTENDEES), VOLUNTEER SERVICES (PROVIDING 9,610 SERVICE HOURS BY 309 VOLUNTEERS), AND (226 SPECIAL EVENTS) TO LGBTQ SENIORS WERE ALL PROVIDED THIS YEAR. SERVICES CONTINUED IN FY24 WITH A MIXTURE OF REMOTE, HYBRID, AND PRE-REGISTERED IN-PERSON OFFERINGS TO MEET THE NEEDS OF OUR PARTICIPANTS. 1754599 0 169058 5470640 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 54 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MAUREEN BREEN 6502895400 450 BRYANT STREET PALO ALTO CA 94301 DAVID GORDON CHAIR 10.00 X X 0 0 0 CHUCK KISSNER VICE CHAIR 10.00 X X 0 0 0 JOHN COUCH TREASURER 8.00 X X 0 0 0 ELLEN TURBOW SECRETARY 8.00 X X 0 0 0 DONALD BARR DIRECTOR AT LARGE 2.00 X 0 0 0 ANDREW CHANG DIRECTOR AT LARGE 2.00 X 0 0 0 MICHAEL COUCH DIRECTOR AT LARGE 2.00 X 0 0 0 MEENA ELLIOTT DIRECTOR AT LARGE 2.00 X 0 0 0 BILL FRIEDMAN DIRECTOR AT LARGE 2.00 X 0 0 0 JUDY KLEINBERG DIRECTOR AT LARGE 2.00 X 0 0 0 JULIE LAU DIRECTOR AT LARGE 2.00 X 0 0 0 DIANE MORRIS DIRECTOR AT LARGE 2.00 X 0 0 0 MARGO OGUS DIRECTOR AT LARGE 2.00 X 0 0 0 LARS OSTERBERG MD DIRECTOR AT LARGE 2.00 X 0 0 0 STEVE PLAYER DIRECTOR AT LARGE 2.00 X 0 0 0 MIKE RANTZ DIRECTOR AT LARGE 2.00 X 0 0 0 ALLEAN RICHTER DIRECTOR AT LARGE (THRU 2/1/24) 2.00 X 0 0 0 RICK STERN DIRECTOR AT LARGE 2.00 X 0 0 0 CARL THOMSEN DIRECTOR AT LARGE 2.00 X 0 0 0 HSIEN-CHUNG WOO DIRECTOR AT LARGE 2.00 X 0 0 0 AMY YOTOPOULOS PRESIDENT/CEO (THRU 5/23/24) 40.00 X 237600 0 7646 MAUREEN BREEN CFO/VICE PRESIDENT, FINANCE & ADMIN 40.00 X 173654 0 18073 KRISTINA LUGO VP, PROGRAMS/CEO (STARTING 5/1/24) 40.00 X 173104 0 6396 TRACY MCCLOUD PROGRAM MANAGER 40.00 X 150778 0 15025 JENNIFER LUO CONTROLLER 40.00 X 121715 0 15705 JOHN SINK VICE PRESIDENT, PROGRAMS 26.00 X 116996 0 16772 ANGELICA KAMAU DIRECTOR, HEALTH SERVICES 40.00 X 111430 0 16816 NANCY KEEGAN DIRECTOR, ARKC 40.00 X 107848 0 11167 1193125 0 107600 9 0 1 0 XANTRION 651 THOMAS L BERKLEY WAY OAKLAND CA 94612 MANAGED SERVICES 118312 1 193225 1480763 1731774 79427 3405762 ADULT DAY HEALTHCARE FEES 624100 1061388 1061388 PARTICIPANT AND HEALTH SERVICES 624100 284947 284947 AVENIDAS VILLAGE 624100 205721 205721 OTHER PROGRAM SERVICES 624100 169058 169058 1721114 858674 858674 16623 8456 8167 8167 8167 2883252 2359040 524212 524212 524212 9100 193225 16630 -7530 -7530 6510399 1721114 0 1383523 451598 36496 342108 72994 3477703 2812941 442592 222170 96993 78390 13551 5052 267636 203667 48217 15752 254251 200218 38431 15602 470 470 42600 42600 64875 48860 11947 4068 356310 250720 105590 63633 36494 26552 587 179527 111799 51684 16044 298820 195763 69211 33846 316678 302837 10909 2932 20739 18428 1975 336 37150 35292 1608 250 732069 642581 67116 22372 164845 135559 23770 5516 TRANSPORTATION SERVICE 230940 230940 NUTRITION EXPENSE 62810 62810 OTHER FUNDRAISING EXP 20052 20052 90835 66845 22176 1814 7230534 5470640 1320507 439387 1104583 281041 326311 1135717 1539926 758486 72561 115831 23436393 5428307 18732851 18008086 28793161 33610456 1784811 83615 70811 90271 52425015 54083503 640592 505625 176611 162985 817203 668610 X 48700834 50275436 2906978 3139457 51607812 53414893 52425015 54083503 -720135 2527216 0 X 0 1 X 1 0 X 4298506 3267611 4563785 4905710 3405762 20441374 4298506 3267611 4563785 4905710 3405762 20441374 4150641 16290733 879245 652367 854315 838483 875297 4099707 5625 8150 8715 9100 31590 24572671 7281369 0.66300 0.66540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2019 AMOUNT: $ 5,625. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 8,150. 2022 AMOUNT: $ 8,715. 2023 AMOUNT: $ 9,100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28366260 3702366 857472 31211154 26168631 3031833 834204 28366260 31101846 -4147047 786168 26168631 25769202 6564546 1231902 31101846 27107180 272162 1610140 25769202 0.97765 0.02235 0.00000 0 0 21778671 4216438 17562233 177800 20502 157298 776137 637604 138533 703785 553763 150022 18008086 X 9014944 2527216 17118 2544334 6470610 64875 -25086 39789 6510399 7207863 17118 25086 42204 7165659 64875 64875 7230534 PART V, LINE 4: AVENIDAS HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR TO PROVIDE CONSISTENT, PREDICTABLE CASH FLOWS TO ASSIST AVENIDAS IN EFFECTIVELY DELIVERING ITS PROGRAMS, AND TO PRESERVE THE INFLATION-ADJUSTED VALUE OF THE ENDOWMENT. THE PURPOSE OF THE BOARD-DESIGNATED ENDOWMENT IS TO FUND OPERATIONS BY PROVIDING AN ANNUAL DISTRIBUTION OF 3% OF THE IMMEDIATE PAST TWELVE QUARTER AVERAGE ROLLING VALUE OF THESE INVESTMENTS. PART X, LINE 2: AVENIDAS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE STATE OF CALIFORNIA REVENUE AND TAXATION CODE. IN ADDITION, AVENIDAS HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS CONCLUDED THAT AVENIDAS HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE -16,630. RENTAL EXPENSES NETTED AGAINST REVENUE -8,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE 16,630. RENTAL EXPENSES NETTED AGAINST REVENUE 8,456. LIFETIMES OF ACHIEVEMENT 202325 193225 9100 2514 10982 500 2634 202325 193225 9100 2514 10982 500 2634 16630 -7530 X X 0 0 0 0 0 0 0 0 0 AMY YOTOPOULOS PRESIDENT/CEO (THRU 5/23/24) 237600 0 0 0 0 0 7128 0 518 0 245246 0 0 0 MAUREEN BREEN CFO/VICE PRESIDENT, FINANCE & ADMIN 173654 0 0 0 0 0 5366 0 12707 0 191727 0 0 0 KRISTINA LUGO VP, PROGRAMS/CEO (STARTING 5/1/24) 173104 0 0 0 0 0 5193 0 1203 0 179500 0 0 0 TRACY MCCLOUD PROGRAM MANAGER 130778 0 20000 0 0 0 3945 0 11080 0 165803 0 0 0 X 5 79427 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: AVENIDAS WORKS WITH DONATE FOR CHARITY, A THIRD PARTY, TO FACILITATE VEHICLE DONATIONS. DONATE FOR CHARITY ARRANGES FREE PICKUP OF VEHICLES, MANAGE DMV REGISTRATION REQUIREMENTS, AUCTION, SALES, AND ISSUANCE OF ACKNOWLEDGMENT RECEIPTS TO DONORS. FORM 990, PART I, LINE 6: THE VOLUNTEER HOURS AND HEADCOUNT ARE COLLECTED BY EACH PROGRAM MANAGER FOR THEIR RESPECTIVE PROGRAM THROUGH EMAIL, FROM HARD COPY, SIGN IN BINDERS, OR SPREADSHEETS, DEPENDING ON THE PROGRAM. THEY ARE THEN TOTALED AND ENTERED INTO A SPREADSHEET EACH MONTH THAT IS USED FOR DATA COLLECTION FOR INTERNAL PURPOSES, GRANTS, CITY REPORT CONTRACT REQUIREMENTS, ETC. THE VOLUNTEERS DO THE FOLLOWING WORK IN SERVICE OF THE AGENCY'S PROGRAMS: TUTOR KIDS, PROVIDE RIDES FOR SENIORS, PROVIDE TAX & HEALTH CARE COUNSELING, TEACH CLASSES AT OUR BRYANT STREET CENTER, HELP WITH ACTIVITIES AT OUR ADULT DAY CARE CENTER, VOLUNTEER FOR ONE ANOTHER THROUGH THE VILLAGE PROGRAM, SERVE ON COMMITTEES, HELP STAFF PUT ON EVENTS THROUGHOUT THE YEAR, PROVIDE ONE-ON-ONE TECH TUTORING, SUPPORT THE LGBTQ OUTREACH/ADMIN NEEDS, HELP STAFF RUN THE AVENIDAS CHINESE COMMUNITY CENTER AT CUBBERLEY, PROVIDING CLASSES, PUT ON EVENTS FOR CHINESE HOLIDAYS, PROVIDE MUSICAL ENTERTAINMENT FOR OUR ROSE KLEINER CENTER, PROVIDE OUTREACH CALLS AND FRIENDLY VISITING, SUPPORT THE DEVELOPMENT DEPARTMENT WITH ADMINISTRATIVE WORK, DELIVER GROCERIES, MEDICATIONS, LIBRARY BOOKS AND PPE, AND SERVE ON THE BOARD OF DIRECTORS. OTHER MISCELLANEOUS WORK AS NEEDED AS WELL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEW OF FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD; SUCH COMMITTEE DOES REVIEW THE RETURN BEFORE IT IS FILED. FORM 990 IS SENT TO ALL BOARD MEMBERS VIA EMAIL BEFORE FILING. QUESTIONS FROM THE BOARD OR COMMITTEE ARE RESPONDED TO VIA EMAIL OR IN MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C AVENIDAS ENCOURAGES THE ACTIVE INVOLVEMENT OF ITS DIRECTORS, OFFICERS, AND EMPLOYEES IN THE COMMUNITY. IN ORDER TO DEAL OPENLY AND FAIRLY WITH ACTUAL AND POTENTIAL CONFLICTS OF INTEREST OR THE APPEARANCE OF SUCH CONFLICTS AS A CONSEQUENCE OF THIS INVOLVEMENT, AVENIDAS HAS ADOPTED A CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST COMPLIANCE IS REVIEWED ANNUALLY AT A BOARD MEETING. BOARD MEMBERS AND EMPLOYEES WITH SUBSTANTIAL INFLUENCE OVER AVENIDAS ARE ANNUALLY REQUIRED TO SIGN THE ORGANIZATION'S "ANNUAL AFFIRMATION AND DISCLOSURE STATEMENT." THE POLICY DICTATES A DUTY TO DISCLOSE CONFLICTS OF INTEREST. EACH EMPLOYEE SHALL DISCLOSE TO THE CHIEF EXECUTIVE OFFICER ALL MATERIAL FACTS REGARDING THE AFFILIATION OF SUCH EMPLOYEE WITH ANY PERSON WITH WHOM AVENIDAS IS CONSIDERING ENTERING INTO A TRANSACTION. THE EMPLOYEE SHALL MAKE THAT DISCLOSURE PROMPTLY UPON LEARNING OF THE LINK BETWEEN THAT PERSON AND TRANSACTION. THE CHIEF EXECUTIVE OFFICER AND ANY OTHER PERSON WITH SUBSTANTIAL INFLUENCE OVER AVENIDAS SHALL DISCLOSE TO THE BOARD ALL MATERIAL FACTS REGARDING HIS OR HER AFFILIATION WITH ANY PERSON WITH WHOM AVENIDAS IS CONSIDERING ENTERING INTO A TRANSACTION. THE CHIEF EXECUTIVE OFFICER OR PERSON WITH SUBSTANTIAL INFLUENCE SHALL MAKE THAT DISCLOSURE PROMPTLY UPON LEARNING OF THE LINK BETWEEN THAT PERSON AND THE TRANSACTION. IF THERE IS A QUESTION AS TO WHETHER THE EMPLOYEE HAS SUBSTANTIAL INFLUENCE OVER AVENIDAS, THE CHIEF EXECUTIVE OFFICER SHALL PRESENT THIS ISSUE TO THE BOARD OF DIRECTORS, AND THE BOARD SHALL RESOLVE THE MATTER. THE CEO DETERMINES A CONFLICT OF INTEREST WITH REGARD TO AN EMPLOYEE WITHOUT SUBSTANTIAL INFLUENCE OVER AVENIDAS; THE BOARD DETERMINES IF A CONFLICT OF INTEREST EXISTS WITH REGARD TO THE CEO OR AN EMPLOYEE WITH SUBSTANTIAL INFLUENCE OVER AVENIDAS; THE REMAINING BOARD MEMBERS DETERMINE IF A CONFLICT OF INTEREST EXISTS WITH REGARD TO A BOARD MEMBER. AT ANY MEETING OF THE BOARD AT WHICH A TRANSACTION INVOLVING AN AFFILIATED PERSON WILL BE CONSIDERED, A DIRECTOR SHALL DISCLOSE TO THE MEMBERS OF THE BOARD ALL MATERIAL FACTS REGARDING THE DIRECTOR'S AFFILIATION WITH ANY PERSON WITH WHOM THE BOARD IS CONSIDERING ENTERING INTO ANY TRANSACTION. AFTER AN AFFILIATION DISCLOSURE BY A BOARD MEMBER, THE BOARD MEMBER SHALL LEAVE THE MEETING WHILE THE IMPLICATIONS OF THE AFFILIATION ARE CONSIDERED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS. TO ENSURE THAT AVENIDAS OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, THE BOARD SHALL AUTHORIZE AND OVERSEE A PERIODIC REVIEW OF THE ADMINISTRATION OF THIS CONFLICT OF INTEREST POLICY. THE REVIEW MAY BE WRITTEN OR ORAL. THE REVIEW SHALL CONSIDER THE LEVEL OF COMPLIANCE WITH THE POLICY, THE CONTINUING SUITABILITY OF THE POLICY, AND WHETHER THE POLICY SHOULD BE MODIFIED AND IMPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS TYPICALLY REVIEWS THE COMPENSATION OF THE CEO AND CFO ANNUALLY. AS PART OF THESE REVIEWS, THE BOARD EXAMINES PUBLISHED MARKET DATA OF COMPARABLE NONPROFITS IN THE ORGANIZATION'S GEOGRAPHIC AREA. CEO AFTER SOLICITING INPUT FROM THE BOARD AND KEY STAFF MEMBERS, THE BOARD CHAIR WRITES AND PRESENTS A REVIEW OF THE CEO'S PERFORMANCE AND MAKES A RECOMMENDATION TO THE BOARD REGARDING ANY PROPOSED CHANGES TO THE CEO'S COMPENSATION. AFTER DISCUSSION, THE BOARD VOTES TO APPROVE THE FINAL SALARY ACTION FOR THE CEO. THE MOST RECENT REVIEW OF THE CEO'S COMPENSATION AND PERFORMANCE TOOK PLACE IN JULY 2023. ALTHOUGH THE NORMAL REVIEW PROCESS FOR THE CEO WOULD HAVE OCCURRED IN JUNE AND JULY 2024, DUE TO THE RESIGNATION OF THE CEO IN MAY 2024 AND THE CONCURRENT APPOINTMENT OF A NEW CEO, THE BOARD DID NOT PERFORM A REVIEW OF THE FORMER CEO. THE NEW CEO WAS IDENTIFIED BY A SEARCH COMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE WORKED CLOSELY WITH A SEARCH CONSULTANT WHO PRESENTED POTENTIAL CANDIDATES AND ADVISED ON SALARY EXPECTATIONS. THE COMMITTEE SETTLED ON A CANDIDATE AFTER AN EXTENDED INTERVIEW PROCESS AND, WORKING WITH THE CONSULTANT, INCLUDING A REVIEW OF EXTERNAL MARKET DATA, DEVELOPED A SALARY RECOMMENDATION. THE CANDIDATE AND SALARY OFFER WERE THEN APPROVED BY THE BOARD. FOLLOWING THAT APPROVAL, AN OFFER WAS MADE TO THE CANDIDATE AND WAS ACCEPTED. CFO THE CEO REVIEWS THE CFO'S PERFORMANCE AND MAKES A RECOMMENDATION TO THE BOARD REGARDING ANY PROPOSED CHANGES TO THE CFO'S COMPENSATION. AFTER DISCUSSION, THE BOARD VOTES TO APPROVE THE FINAL SALARY ACTION FOR THE CFO. THE TWO MOST RECENT REVIEWS OF THE CFO'S COMPENSATION TOOK PLACE IN SEPTEMBER 2023 AND AUGUST 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). HOME EQUITY LOAN PROGRAM FOR SENIORS 450 BRYANT STREET PALO ALTO CA 94301 770004626 REVERSE MORTGAGES CA 501(C)(3) LINE 12D, III-O N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0