Aldersly Inc
- Assets
- $40.1m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 108
- Location
- San Rafael, CA
- Founding
- 09/1988
- Data as of
- 09/2021
- EIN
- 94-1156461
Organization Overview
Aldersly Inc is located in San Rafael, CA. The organization was established in 1988. 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 09/2021, Aldersly Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aldersly Inc 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 09/2021, Aldersly Inc generated $11.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $10.2m during the year ending 09/2021. While expenses have increased by 1.9% 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
PROVISION OF HOUSING AND NURSING SERVICES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED RESIDENTIAL HEALTH CARE FACILITIES FOR SENIOR CITIZENS WHO HAVE ENTERED INTO A CONTINUING CARE AND LODGING AGREEMENT; MAINTAINED NURSING SERVICES HEALTH CARE/ASSISTED LIVING. APPROXIMATELY 100 SENIORS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Carrasco Executive Director | Officer | 40 | $249,872 |
Inderpreet Kaur Administrator | 40 | $135,000 | |
Frank Ferroni Plant Director | 40 | $105,219 | |
Louise Hecker Accounting Director | 40 | $104,018 | |
Peter Schakow President | OfficerTrustee | 10 | $0 |
Ruth Vosmek Secretary | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Service Management Services | 9/29/21 | $761,927 |
Perkins Eastman Architects Pc Architects | 9/29/21 | $258,211 |
Sysco Food Services Of Sf Food Supply Services | 9/29/21 | $177,659 |
Greenbrier Development Llc Developer | 9/29/21 | $210,376 |
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 | $109,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,151 |
| Total Program Service Revenue | $8,254,396 |
| Investment income | $433,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,948 |
| Net Gain/Loss on Asset Sales | $2,996,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,862,143 |
| 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. | $269,988 |
| Compensation of current officers, directors, key employees. | $32,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,850,124 |
| Pension plan accruals and contributions | $65,417 |
| Other employee benefits | $701,752 |
| Payroll taxes | $275,036 |
| Fees for services: Management | $502,049 |
| Fees for services: Legal | $93,782 |
| Fees for services: Accounting | $89,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,388 |
| Fees for services: Other | $653,725 |
| Advertising and promotion | $261,180 |
| Office expenses | $360,635 |
| Information technology | $244,840 |
| Royalties | $0 |
| Occupancy | $473,876 |
| Travel | $14,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $270,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $712,607 |
| Insurance | $199,855 |
| All other expenses | $114,673 |
| Total functional expenses | $10,191,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,544 |
| Savings and temporary cash investments | $2,900,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $922,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,355 |
| Prepaid expenses and deferred charges | $682,381 |
| Net Land, buildings, and equipment | $15,197,373 |
| Investments—publicly traded securities | $17,130,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,476,047 |
| Total assets | $40,109,136 |
| Accounts payable and accrued expenses | $1,902,341 |
| Grants payable | $0 |
| Deferred revenue | $5,084,396 |
| Tax-exempt bond liabilities | $5,878,640 |
| 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 | $2,196,223 |
| Total liabilities | $15,061,600 |
| Net assets without donor restrictions | $24,971,301 |
| Net assets with donor restrictions | $76,235 |
| 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 | $40,109,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aldersly Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
California P E O Home La Canada, CA PURPOSE: MEAL PROGRAM | $2,000 |
Endowment Analysis
| Beg. Balance | $8,837,093 |
| Earnings | $2,318,156 |
| Other Expense | $265,113 |
| Ending Balance | $10,890,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Northern California Retired Officers Community Fairfield, CA | $260,915,478 | $45,201,737 |
Casa De Las Campanas Inc San Diego, CA | $261,081,118 | $41,918,031 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
Eisenberg Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $65,782,377 | $31,680,151 |
St Pauls Episcopal Home Inc San Diego, CA | $87,096,131 | $36,208,689 |
Oconnor Woods Housing Corporation Stockton, CA | $90,240,253 | $33,053,547 |
Willamette View Manor Inc Portland, OR | $158,572,403 | $34,857,993 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Congregational Homes Pomona, CA | $121,991,966 | $32,927,075 |
Arcadia Retirement Residence Honolulu, HI | $73,016,620 | $39,256,869 |
Retirement Housing Foundation Long Beach, CA | $205,386,585 | $45,688,104 |