Kokoro Assisted Living Inc
- Assets
- $8.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 57
- Location
- San Francisco, CA
- Founding
- 09/1998
- Data as of
- 09/2022
- EIN
- 94-3271217
Organization Overview
Kokoro Assisted Living Inc is located in San Francisco, CA. The organization was established in 1998. 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 09/2022, Kokoro Assisted Living Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kokoro Assisted Living 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 09/2022, Kokoro Assisted Living Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.5m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING HOUSING SERVICES TO PROMOTE AND ENHANCE THE INDEPENDENCE AND SECURITY OF OLDER ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AN ASSISTED LIVING SENIOR HOUSING FACILITY PRIMARILY FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS. THE FACILITY HAS 54 UNITS, OF WHICH 37 ARE FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megumi Aihara Secretary | OfficerTrustee | 2 | $0 |
Steve Suzuki Vice President | OfficerTrustee | 2 | $0 |
Clara Allen Board Member | Trustee | 2 | $0 |
Grace Toyomura Board Member | Trustee | 2 | $0 |
Rodney Chin President | OfficerTrustee | 2 | $0 |
Brian Morrow Treasurer | OfficerTrustee | 5 | $0 |
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 | $62,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,081 |
| Total Program Service Revenue | $2,887,721 |
| Investment income | $60,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,077,568 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,484,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279,633 |
| Payroll taxes | $116,332 |
| Fees for services: Management | $323,583 |
| Fees for services: Legal | $4,595 |
| Fees for services: Accounting | $24,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,327 |
| Office expenses | $54,281 |
| Information technology | $123 |
| 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 | $3,755 |
| Interest | $220,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,566 |
| Insurance | $80,442 |
| All other expenses | $7,876 |
| Total functional expenses | $3,485,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $999 |
| 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 | $62,621 |
| Net Land, buildings, and equipment | $5,059,211 |
| Investments—publicly traded securities | $2,579,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494,612 |
| Total assets | $8,304,612 |
| Accounts payable and accrued expenses | $654,069 |
| Grants payable | $0 |
| Deferred revenue | $140,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,065,518 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,883,955 |
| Total liabilities | $9,743,577 |
| Net assets without donor restrictions | -$1,489,460 |
| Net assets with donor restrictions | $50,495 |
| 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 | $8,304,612 |