California Nevada Methodist Homes
- Assets
- $48.8m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 208
- Location
- Oakland, CA
- Founding
- 03/1963
- Data as of
- 06/2021
- EIN
- 94-1312411
Organization Overview
California Nevada Methodist Homes is located in Oakland, CA. The organization was established in 1963. 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 06/2021, California Nevada Methodist Homes employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Nevada Methodist Homes 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, California Nevada Methodist Homes generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $24.4m during the year ending 06/2021. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT AND LONG-TERM HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATED TWO RETIREMENT RESIDENCES THAT PROVIDED ROOM AND BOARD, MEDICAL, PERSONAL, AND HEALTH CARE SERVICES FOR AN AVERAGE OF 275 RESIDENTS DURING THE YEAR ENDED 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Extrum-Fernandez Trustee | Trustee | 1 | $0 |
Garrett B Cross Trustee, Chair | Trustee | 1 | $0 |
William Riess Resident Trustee | Trustee | 1 | $0 |
Robert L Leeper VP & CFO | Officer | 40 | $168,694 |
Mindy Han Employee | 40 | $246,098 | |
Annmarie Charles Employee | 40 | $214,727 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Bay Construction And Remo Apartment Renovation | 6/29/19 | $129,620 |
Hanson Bridgett Marcus Vlahos Legal Services | 6/29/19 | $569,747 |
Always Available Care Registry Retirement Services | 6/29/19 | $102,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,854 |
| Investment income | $4,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,252 |
| Net Gain/Loss on Asset Sales | $9 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,672,472 |
| Statement of Expenses | |
|---|---|
| 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. | $168,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,425,822 |
| Pension plan accruals and contributions | $334,849 |
| Other employee benefits | $1,416,172 |
| Payroll taxes | $751,008 |
| Fees for services: Management | $3,097,610 |
| Fees for services: Legal | $259,138 |
| Fees for services: Accounting | $84,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,090 |
| Advertising and promotion | $396,761 |
| Office expenses | $213,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,373,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,594,052 |
| Insurance | $731,817 |
| All other expenses | $0 |
| Total functional expenses | $24,405,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,442,304 |
| 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 | $1,223,152 |
| Investments—publicly traded securities | $1,629,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,517 |
| Total assets | $48,784,472 |
| Accounts payable and accrued expenses | $7,386,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $30,352,112 |
| 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 | $32,703,240 |
| Total liabilities | $70,441,818 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$21,657,346 |