Viamonte Senior Living
- Assets
- $242.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 63
- Location
- San Francisco, CA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-2951897
Organization Overview
Viamonte Senior Living is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Viamonte Senior Living employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viamonte Senior Living 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, Viamonte Senior Living generated $7.6m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VIAMONTE SENIOR LIVING 1, INC. ("VSL") PROVIDES ORGANIZATION STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS BY OFFERING HOUSING AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION AND OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN WALNUT CREEK, CALIFORNIA ON A NONPROFIT, NONDENOMINATIONAL BASIS. THE NEW FACILITY ("VIAMONTE") OPENED IN NOVEMBER 2020 AND CONSISTS OF 174 INDEPENDENT LIVING UNITS, WITH AN ADDITIONAL 7 ASSISTED LIVING UNITS AND 10 MEMORY CARE UNITS OPENED DURING IN 2021. IN ADDITION, VIAMONTE ALSO PROVIDES ITS RESIDENTS WITH MEALS, HOUSEKEEPING, LAUNDRY, MAINTENANCE, AND TRANSPORTATION SERVICES, AS WELL AS SALON AND SPA SERVICES. RESIDENTS ARE ALSO ENCOURAGED TO PARTICIPATE IN VARIOUS ACTIVITIES PROVIDED BY VIAMONTE, INCLUDING SOCIAL, PHYSICAL AND CULTURAL ACTIVITIES, E.G., GAMES, YOGA, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Herman Vice Chair | OfficerTrustee | 0.1 | $0 |
David Jamison Chair | OfficerTrustee | 0.1 | $0 |
Sara Mcvey President And CEO | Officer | 2 | $0 |
Charles Shoemake CFO | Officer | 2 | $0 |
Melody Mitchell Allan Executive Director, Viamonte | Officer | 40 | $0 |
Martha A Atwood Chief Hr & Compliance Officer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,547 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,547 |
| Total Program Service Revenue | $7,506,979 |
| Investment income | $46,314 |
| 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 | $7,634,323 |
| 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. | $165,909 |
| Compensation of current officers, directors, key employees. | $165,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,710,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $565,835 |
| Payroll taxes | $187,662 |
| Fees for services: Management | $143,857 |
| Fees for services: Legal | $35,262 |
| Fees for services: Accounting | $5,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,357,650 |
| Advertising and promotion | $261,673 |
| Office expenses | $510,316 |
| Information technology | $184,636 |
| Royalties | $0 |
| Occupancy | $611,309 |
| Travel | $2,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,635 |
| Interest | $6,771,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,294,494 |
| Insurance | $264,713 |
| All other expenses | $336,022 |
| Total functional expenses | $20,860,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,287,008 |
| Savings and temporary cash investments | $54,842,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $182,760,847 |
| Investments—publicly traded securities | $3,220,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $242,110,392 |
| Accounts payable and accrued expenses | $2,666,939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $131,745,761 |
| Escrow or custodial account liability | $3,219,866 |
| 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 | $103,400,254 |
| Total liabilities | $241,032,820 |
| Net assets without donor restrictions | $1,077,572 |
| Net assets with donor restrictions | $0 |
| 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 | $242,110,392 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Viamonte Senior Living has recieved totaling $21,547.
| Awarding Organization | Amount |
|---|---|
Senior Services For Northern California San Francisco, CA PURPOSE: RESIDENT ASSISTANCE | $21,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viamonte Senior Living San Francisco, CA | $242,110,392 | $7,634,323 |
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |