899 Charleston
- Assets
- $143.5m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 151
- Location
- Palo Alto, CA
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 03-0594291
Organization Overview
899 Charleston, operating under the name Moldaw Residences, is located in Palo Alto, CA. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Moldaw Residences employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moldaw Residences is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Moldaw Residences generated $17.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $18.9m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL FACILITIES DESIGNATED TO MEET THE NEEDS OF AGED PERSONS AND ADDRESS THE WELL-BEING OF THE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Ben-Israel Former Executive Director | 0 | $144,654 | |
Janell Haag Director Of Sales And Marketing | 40 | $133,669 | |
Michelle Delos Santos Int Ed (through 8/2020) / Assist Ed | Officer | 40 | $129,951 |
Arielle O Hendel Fund Development Director | 40 | $121,004 | |
Allain Bernabe Executive Chef | 40 | $102,115 | |
Elyse Gerson Executive Director (as Of 8/2020) | Officer | 40 | $70,712 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jewish Senior Living Group Management/administrative Services | 6/29/21 | $1,132,548 |
All About Parking Inc Parking Services | 6/29/21 | $376,549 |
Highcom Security Services Inc Security Services | 6/29/21 | $106,480 |
Avdg Llc It Services | 6/29/21 | $106,115 |
Exigency Healthcare Services Llc Nursing Services | 6/29/21 | $105,297 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,022,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,194,872 |
| Total Program Service Revenue | $15,604,879 |
| Investment income | $59,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,017,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,767 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,086,376 |
| Pension plan accruals and contributions | $43,334 |
| Other employee benefits | $807,880 |
| Payroll taxes | $349,468 |
| Fees for services: Management | $326,448 |
| Fees for services: Legal | $145,554 |
| Fees for services: Accounting | $51,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,641,631 |
| Advertising and promotion | $55,209 |
| Office expenses | $240,118 |
| Information technology | $611,400 |
| Royalties | $0 |
| Occupancy | $662,748 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324 |
| Interest | $3,611,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,665,256 |
| Insurance | $428,399 |
| All other expenses | $390,765 |
| Total functional expenses | $18,866,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,175 |
| Savings and temporary cash investments | $26,341,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,545 |
| Inventories for sale or use | $22,492 |
| Prepaid expenses and deferred charges | $468,011 |
| Net Land, buildings, and equipment | $103,162,232 |
| Investments—publicly traded securities | $1,606,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,150,333 |
| Total assets | $143,487,864 |
| Accounts payable and accrued expenses | $2,295,231 |
| Grants payable | $0 |
| Deferred revenue | $7,199,324 |
| Tax-exempt bond liabilities | $65,166,344 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,746,328 |
| Total liabilities | $189,407,227 |
| Net assets without donor restrictions | -$55,579,098 |
| Net assets with donor restrictions | $9,659,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $143,487,864 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 899 Charleston has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $7,000 |
Jewish Communal Fund New York, NY PURPOSE: General support | $7,000 |
Endowment Analysis
| Beg. Balance | $8,088,314 |
| Earnings | $1,523,780 |
| Grants | $110,699 |
| Ending Balance | $9,501,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Kahala Senior Living Community Inc Honolulu, HI | $275,964,895 | $44,365,985 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |