Redwood Senior Homes & Services Corporation
- Assets
- $0.0
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 253
- Location
- Glendale, CA
- Founding
- 10/1997
- Data as of
- 12/2019
- EIN
- 95-4634615
Organization Overview
Redwood Senior Homes & Services Corporation is located in Glendale, CA. The organization was established in 1997. 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 12/2019, Redwood Senior Homes & Services Corporation employed 253 individuals. Redwood Senior Homes & Services Corporation 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 12/2019, Redwood Senior Homes & Services Corporation generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO REDEFINE THE MEANING OF AGING WELL FOR ADULTS 55 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RSHS, A CONTINUING CARE RETIREMENT COMMUNITY, PROVIDES HOUSING AND HEALTH CARE FOR THE ELDERLY. DIRECT RESIDENT CARE FOR SENIORS, INCLUDES INDEPENDENT LIVING AND ASSISTED LIVING, MEMORY CARE, NURSING, AND HOME CARE. IT ALSO PROVIDES OUTREACH AND WELLNESS SERVICES INCLUDING MEALS PROGRAM, HOUSEKEEPING, MAINTENANCE AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Declan Brown Secretary | OfficerTrustee | 0.5 | $0 |
Randall L Stamper Chair | OfficerTrustee | 1 | $0 |
Albert W Kelley Vice Chair | OfficerTrustee | 0.5 | $0 |
Tara Mcguiness VP Regional Ops, Ccrcs | Officer | 1 | $0 |
John H Cochrane III President/chief Executive Officer | Officer | 1 | $0 |
Daniel Ogus Chief Operating Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Humangood Socal Management Fee | 12/30/19 | $398,493 |
Work Place Services Inc Construction Services | 12/30/19 | $141,858 |
Therapy Specialist Ancillary/therapy Services | 12/30/19 | $402,468 |
Morrison Management Specialists Dining Services | 12/30/19 | $364,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $44,145 |
| 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 | $44,145 |
| Total Program Service Revenue | $6,821,637 |
| Investment income | $0 |
| 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 | $6,895,755 |
| 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 | $3,273,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $552,039 |
| Payroll taxes | $386,037 |
| Fees for services: Management | $398,493 |
| Fees for services: Legal | $40,541 |
| Fees for services: Accounting | $7,102 |
| Fees for services: Lobbying | $716 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $392,403 |
| Advertising and promotion | $81,018 |
| Office expenses | $81,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,413 |
| Travel | $56,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,067 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,987 |
| Insurance | $98,535 |
| All other expenses | $133,656 |
| Total functional expenses | $7,928,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Redwood Senior Homes & Services Corporation has recieved totaling $44,145.
| Awarding Organization | Amount |
|---|---|
Humangood Foundation South Duarte, CA PURPOSE: SUPPORT OF BENEVOLENCE NEEDS AND CAPITAL NEEDS | $44,145 |
Endowment Analysis
| Beg. Balance | $5,132,901 |
| Net Contributions | -$98,103 |
| Ending Balance | $5,034,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |
Midpen Property Management Corporation Foster City, CA | $4,229,808 | $16,638,795 |
Casa La Merced Inc C/O Falkenberg/Gilliam & Associates Pasadena, CA | $0 | $52,026 |
Scott Street Senior Housing Complex Incorporated San Francisco, CA | $43,555,702 | $18,828,763 |
Sun Health Colonnade Sun City West, AZ | $94,057,593 | $16,072,885 |
Palo Alto Senior Housing Project Inc Palo Alto, CA | $9,912,770 | $1,163,322 |
Christian Care Tucson Inc Phoenix, AZ | $29,450,689 | $13,520,695 |
Alma Via Of San Francisco Alameda, CA | $25,364,635 | $12,193,885 |
Seascape Senior Housing Inc Walnut Creek, CA | $1,410,799 | $12,833,123 |
Meadowbrook Village Christian Retirement Community Escondido, CA | $70,664,658 | $10,740,685 |