Montecito Retirement Association
- Assets
- $155.7m
- Revenue
- $32.8m
- Investments
- $0.0
- Employees
- 329
- Location
- Montecito, CA
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 23-7425754
Organization Overview
Montecito Retirement Association, operating under the name Casa Dorinda, is located in Montecito, CA. The organization was established in 1993. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Casa Dorinda employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Dorinda 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 12/2021, Casa Dorinda generated $32.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $31.4m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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.
Since 2018, Casa Dorinda has awarded 17 individual grants totaling $164,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTECITO RETIREMENT ASSOCIATION OPERATES CASA DORINDA, A CCRC LIFECARE RETIREMENT COMMUNITY IN MONTECITO, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASA DORINDA PROVIDES THREE LEVELS OF CARE AND SERVICE TO ITS RESIDENTS. THE MEDICAL CENTER PROVIDES NURSING SERVICES IN ITS 52 BED SKILLED NURSING FACILITY. IN 2021, THERE WAS AN AVERAGE DAILY CENSUS OF APPROXIMATELY 28 PATIENTS; AN AVERAGE OF 6 PATIENTS WERE CARED FOR ON A TEMPORARY BASIS AND 22 RECEIVED CARE ON A LONG-TERM BASIS. IN RESIDENTIAL LIVING, AN AVERAGE OF 285 SENIORS WERE PROVIDED HOUSING AND HOSPITALITY SERVICES, ALONG WITH SUPERVISION AND INTERMITTED CARE DELIVERED THROUGH THE ON-SITE CLINIC AND IN-HOME SUPPORTIVE SERVICE STAFF. AN AVERAGE OF 22 RESIDENTS WERE ASSISTED WITH DAILY LIVING IN THE PERSONAL AND MEMORY CARE BUILDING.
OTHER SERVICES OFFERED TO SENIORS ON THE CASA DORINDA CAMPUS INCLUDE: DINING, MAINTENANCE, HOUSEKEEPING, SECURITY, LIFE ENRICHMENT, HEALTH AND FITNESS ACTIVITIES, THERAPIES, SOCIAL AND ADMINISTRATIVE SERVICES. ALL OF THESE PROGRAMS, INCLUDING THE THREE LARGEST, ARE WITHIN THE UMBRELLA OF CONTINUING CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mccague President | Officer | 40 | $432,880 |
Robin Drew Vice President | Officer | 40 | $192,477 |
Katie Hoegh-Guldberg Marketing Director | 40 | $188,573 | |
Vicky Macgregor Administrator | Officer | 40 | $180,902 |
Timothy Gallagher Senior Director Of Plant O | 40 | $174,338 | |
Nora Lieber Sales And Marketing Manager | 40 | $158,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunseri Construction Inc Construction | 12/30/21 | $13,375,379 |
Shupe Construction Inc Construction | 12/30/21 | $461,711 |
Mgs General Engineering Inc Engineering | 12/30/21 | $529,863 |
Nomurayamasaki Landscapes Landscaping | 12/30/21 | $435,916 |
Alex's Tile Works Inc Construction | 12/30/21 | $372,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,702 |
| Noncash contributions included in lines 1a–1f | $247,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,702 |
| Total Program Service Revenue | $30,428,843 |
| Investment income | $582,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $679,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,824,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,785 |
| 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. | $880,944 |
| Compensation of current officers, directors, key employees. | $880,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,763,000 |
| Pension plan accruals and contributions | $760,565 |
| Other employee benefits | $2,501,004 |
| Payroll taxes | $929,310 |
| Fees for services: Management | $3,493 |
| Fees for services: Legal | $25,183 |
| Fees for services: Accounting | $95,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,614 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,824,354 |
| Insurance | $1,016,462 |
| All other expenses | $2,237,642 |
| Total functional expenses | $31,376,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,335,829 |
| Pledges and grants receivable | $2,683,558 |
| Accounts receivable, net | $2,035,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $400,609 |
| Inventories for sale or use | $166,106 |
| Prepaid expenses and deferred charges | $840,862 |
| Net Land, buildings, and equipment | $115,114,418 |
| Investments—publicly traded securities | $23,568,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $547,998 |
| Total assets | $155,694,158 |
| Accounts payable and accrued expenses | $3,939,096 |
| Grants payable | $0 |
| Deferred revenue | $2,305,806 |
| Tax-exempt bond liabilities | $20,831,478 |
| 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 | $5,029,949 |
| Other liabilities | $87,974,418 |
| Total liabilities | $120,080,747 |
| Net assets without donor restrictions | $33,884,550 |
| Net assets with donor restrictions | $1,728,861 |
| 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 | $155,694,158 |
Grants Awarded
Over the last fiscal year, Montecito Retirement Association has awarded $42,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: GENERAL | $27,500 |
Santa Barbara, CA PURPOSE: 2021 SPONSORSHIP | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Montecito Retirement Association has recieved totaling $75,893.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $57,893 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HUMAN SERVICES | $13,000 |
Peter K Barker Foundation Montecito, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $341,726 |
| Earnings | $24,859 |
| Net Contributions | $18,053 |
| Ending Balance | $384,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Socal Duarte, CA | $306,047,961 | $119,573,837 |
Sequoia Living Inc San Francisco, CA | $412,512,571 | $125,018,618 |
Jewish Home San Francisco, CA | $286,369,109 | $101,598,879 |
Community Eldercare Of San Diego San Diego, CA | $76,291,474 | $103,929,835 |
Center For Elders Independence Oakland, CA | $163,334,060 | $110,881,645 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Motion Picture And Television Fund Woodland Hills, CA | $117,551,107 | $62,254,849 |
Institute On Aging San Francisco, CA | $58,432,886 | $66,846,262 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,699,459 | $60,276,801 |
Rogue Valley Manor Medford, OR | $249,123,090 | $59,343,722 |
Tempe Life Care Village Inc Tempe, AZ | $225,266,079 | $48,647,054 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |