2024-11-14T17:57:48-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 680317185 NORTHERN CALIFORNIA RETIRED OFFICERS COMMUNITY INC NORT 7074321100 2600 ESTATES DRIVE FAIRFIELD CA 94533 KEVIN L BURKE CEO 7074321100 2024-11-14 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-11-14 2023 2024-10-15 13:58:12Z PARADISE VALLEY ESTATES KEVIN L BURKE 2600 ESTATES DRIVE FAIRFIELD CA 94533 51802539 0 X WWW.PVESTATES.COM X 1992 CA HIGH QUALITY CONTINUING CARE RETIREMENT COMMUNITY FOR BOTH MILITARY AND NON-MILITARY CLIENTELE. 14 14 443 40 0 0 1599249 226614 39927175 43010389 1295378 1046006 420742 710807 43242544 44993816 0 71451 0 0 23351951 21969204 0 0 0 29149647 27941126 52501598 49981781 -9259054 -4987965 230895453 226528920 205855161 203558850 25040292 22970070 X PARADISE VALLEY ESTATES IS A PIONEER OF QUALITY LIVING AND CHAMPIONS OF PERSON-CENTERED SERVICES. WE STRIVE TO PROVIDE THE EXPERIENCE OF A LIFETIME FOR A LIFETIME. OUR GOAL IS TO MAXIMIZE THE QUALITY OF EVERY LIFE WE TOUCH. 0 0 26401477 71451 32350973 RESIDENT SERVICES: PARADISE VALLEY ESTATES (PVE) IS A LIFE PLAN COMMUNITY THAT GUARANTEES LIFE CARE THROUGH UNLIMITED, ONSITE HEALTH SERVICES. WHILE RESIDENTS RETAIN THEIR CHOICE OF INSURANCE AND PHYSICIANS AND CAN EASILY ACCESS MANY NEARBY MEDICAL FACILITIES, OUR PROFESSIONALS HELP ASSESS HEALTH AND WELLNESS SO THEY CAN ENJOY THE CARE AND SERVICES THAT EASE THEIR LIVES.OUR COMMUNITY INCLUDES RESIDENTIAL LIVING, ASSISTED LIVING, ENHANCED ASSISTED LIVING, SHORT OR LONG-TERM REHABILITATION, MEMORY CARE AND SKILLED NURSING AS WELL AS ACCESS TO PREVENTIVE CARE AND PRIMARY CARE AND AT-HOME SUPPORT. IF A RESIDENT'S HEALTH CHANGES, ALL-INCLUSIVE RATES MEAN RESIDENTS CAN MOVE FROM ONE LEVEL OF CARE TO ANOTHER WITHOUT MOVING SOMEWHERE NEW. 6625841 0 10659416 HEALTH SERVICES: PVE SUPPORTS INDIVIDUALS LOOKING FOR BOTH LONG-TERM AND SHORT-TERM ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. PVE HELPS INDIVIDUALS AS THEY RECUPERATE FROM SURGERY AS WELL AS LONG-TERM SKILLED NURSING CARE. PVE ALSO SUPPORTS INDIVIDUALS WHO ARE DEALING WITH MEMORY IMPAIRMENTS. THE CLINIC TEAM SUPPORTS INDEPENDENT LIVING RESIDENTS. THOSE DESIRING TO AGE IN PLACE OFTEN UTILIZE THE PVE AT HOME IN-HOME CARE SERVICES. 7122298 0 0 DINING SERVICES:PVE PLANS AND PREPARES A RANGE OF SELECTIONS FOR BREAKFAST, LUNCH AND DINNER FOR ALL RESIDENTS. RESIDENTS MAY CHOOSE AMONG DINING OPTIONS, EACH TAILORED TO PROVIDE ENJOYABLE DINING EXPERIENCES FROM FORMAL TO AL FRESCO TO PRIVATE DINING FOR GROUPS OR CELEBRATIONS. 40149616 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 91 0 443 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MIKE SULHAN 7074321100 2600 ESTATES DRIVE FAIRFIELD CA 94533 COL SANDRA SCHMIDT-BERRINGER USAF CHAIR 6.00 X X 0 0 0 JOHN DIMICHELE VICE-CHAIR 6.00 X X 0 0 0 LT COL GARY ERICKSON USAF TREASURER 6.00 X X 0 0 0 MAJ GEN GEOFFREY WIEDEMAN USAF SECRETARY 6.00 X X 0 0 0 COL ANDREA ANDERSON BOARD MEMBER 3.00 X 0 0 0 COL DEBORAH L ASPLING USAF BOARD MEMBER 3.00 X 0 0 0 LTC ROBERT S BOWERS USA BOARD MEMBER 3.00 X 0 0 0 MARIE SMITH BOARD MEMBER 3.00 X 0 0 0 LTC THOMAS G KURKJIAN USA BOARD MEMBER 3.00 X 0 0 0 EDWARD LEVIN MD BOARD MEMBER 3.00 X 0 0 0 JENNY MULTANI MD BOARD MEMBER 3.00 X 0 0 0 SEAN P QUINN BOARD MEMBER 6.00 X 0 0 0 MS PING YANG BOARD MEMBER 3.00 X 0 0 0 LOIS CROSS BOARD MEMBER 3.00 X 0 0 0 KEVIN BURKE CHIEF EXECUTIVE OFFICER 40.00 X 424412 0 38563 STEPHEN BOROSTYAN CFO (UNTIL OCT. 2023) 40.00 X 272125 0 27753 STEPHEN NEFF VP HEALTHCARE OPERATIONS 40.00 X 222035 0 18987 SHANNON DODDS VP OF OPERATIONS 40.00 X 216915 0 48178 JENNIFER DE LEON SR. DIR. OF BUSINESS OPERATIONS 40.00 X 176305 0 23260 PATRICIA LUCCIONI SALES & MARKETING DIRECTOR 40.00 X 168510 0 16496 RICHARD COLE DIR. OF FACILITIES & CAP. PLANNING 40.00 X 169474 0 12246 JEFFREY RAUSIS DIRECTOR OF COMMUNICATIONS & TECH. 40.00 X 166487 0 28632 SONJA DUERST DIRECTOR OF NURSING 40.00 X 160070 0 24350 1976333 0 238465 35 0 1 0 GYDS HOME DESIGN 755 SUNRISE AVE SUITE 150 ROSEVILLE CA 95661 CONSTRUCTION SERVICES 1920954 CALSOLAR 580 N WILMA AVE RIPON CA 95366 CONSTRUCTION SERVICES 650633 HANSON BRIDGETT 425 MARKET STREET 26TH FLOOR SAN FRANCISCO CA 94105 LEGAL SERVICES 554015 AEGIS THERAPIES INC PO BOX 936653 ATLANTA GA 311936653 THERAPY SERVICES 498000 TRUE NORTH LANDSCAPES PO BOX 2823 SANTA ROSA CA 95405 LANDSCAPING SERVICES 493657 19 226614 80584 226614 RESIDENT SERVICES 623000 23621301 23621301 HEALTH SERVICES 623000 10420910 10420910 ENTRANCE FEE AMORTIZATION 623000 8729672 8729672 HOME CARE SERVICES 621610 238506 238506 43010389 1089617 1089617 35611 16381 19230 19230 19230 6748731 6792342 -43611 -43611 -43611 MEALS 722514 242357 242357 OTHER RESIDENT REVENUE 623000 173720 173720 REFUNDS/REBATES 900099 130549 130549 144951 144951 691577 44993816 43010389 0 1756813 71451 71451 1268968 1268968 17624712 15203689 2421023 410512 402728 7784 1088552 958087 130465 1576460 1322555 253905 569098 569098 327654 327654 801 801 124577 124577 1824814 1042487 782327 423343 423343 729652 458762 270890 695775 695775 4005069 3906547 98522 244784 180472 64312 4157858 4157858 8215074 8215074 1037816 1037816 FOOD RELATED EXPENSES 2638797 2629035 9762 REPAIRS AND MAINTENANCE 1054238 1054238 BAD DEBT EXPENSE 442609 442609 EMPLOYEE EXPENSES 430206 100586 329620 1018961 446047 572914 49981781 40149616 9832165 0 2386644 1340564 92010 1930260 1552867 141900 158004 1555440 1606921 257971072 87803371 174374215 170167701 49188239 46437578 1318755 5173275 230895453 226528920 7285300 6227642 74782621 76367379 111556264 102123313 12230976 18840516 205855161 203558850 X 22704301 20539804 2335991 2430266 25040292 22970070 230895453 226528920 X -4987965 2914107 3636 X 0 1 X 1 0 X 321605 1446061 3634598 1599249 226614 7228127 35173830 35630921 36304077 39927175 43010389 190046392 35495435 37076982 39938675 41526424 43237003 197274519 0 0 0 197274519 2685020 1939646 1191656 923442 1125228 7864992 2685020 1939646 1191656 923442 1125228 7864992 17202 6719 23921 76782 59779 192800 402235 691577 1423173 38274439 39083126 41323131 42852101 45053808 206586605 0.95490 0.95370 0.03810 0.04210 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CAFE - 2019 AMOUNT: $ 76,782. 2020 AMOUNT: $ 59,779. OTHER RESIDENT REVENUE - 2021 AMOUNT: $ 25,394. 2022 AMOUNT: $ 140,539. 2023 AMOUNT: $ 173,720. MEALS - 2021 AMOUNT: $ 130,715. 2022 AMOUNT: $ 156,240. 2023 AMOUNT: $ 242,357. GUEST ROOMS - 2021 AMOUNT: $ 18,538. 2022 AMOUNT: $ 45,285. 2023 AMOUNT: $ 85,548. CATERING - 2021 AMOUNT: $ 18,153. 2022 AMOUNT: $ 60,171. 2023 AMOUNT: $ 59,403. REFUNDS/REBATES - 2023 AMOUNT: $ 130,549. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 801 801 0 PART II-B, LINE 1: DURING THE YEAR 2023, NORTHERN CALIFORNIA RETIRED OFFICERS COMMUNITY PAID DUES TO LEADINGAGE CALIFORNIA. THE PORTION OF THE DUES ATTRIBUTABLE TO LOBBYING FOR THE YEAR WAS $801. 9872311 9872311 196367625 53265040 143102585 28753386 24949256 3804130 22977750 9589075 13388675 170167701 REFUNDABLE ENTRANCE FEES 12793202 ACCRUED INTEREST 2442151 RENT DEPOSITS 3597000 ANNUITY TRUST LIABILITY 6991 REFUNDABLE DEPOSITS 1172 18840516 47927940 2914107 3636 2917743 45010197 -16381 -16381 44993816 49998162 16381 16381 49981781 0 49981781 PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON CHARITABLE REMAINDER ANNUITY 3,636. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -16,381. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 16,381. 1 SCHOLARSHIPS 4 11665 BENEVOLENCE 1 59786 PART I, LINE 2: EMPLOYEE APPLICATIONS ARE REVIEWED FOR SCHOLARSHIPS ELIGIBILITY VIA THE HR DEPARTMENT AS THE LIAISON TO THE SCHOLARSHIP COMMITTEE. RESIDENTS THEN INTERVIEW THE TEAM MEMBERS BEFORE MAKING SELECTIONS AS TO WHO WILL BE REWARDED A SCHOLARSHIP. TEAM MEMBERS ARE GIVEN ONE YEAR FROM THE DATE OF BEING AWARDED THE SCHOLARSHIP TO USE SCHOLARSHIP FUNDS FOR TUITION, BOOKS, AND LAB FEES. RESIDENTS NEEDING BENEVOLENCE CAN APPLY FOR FINANCIAL ASSISTANCE. THEY MUST TURN IN FINANCIAL DOCUMENTS INCLUSIVE OF TAX RETURNS, RETIREMENT ACCOUNTS, BANK STATEMENTS, OR ANY OTHER INCOME SOURCE. THIS INFORMATION IS UTILIZED TO DO A RE-REVIEW OF THEIR FINANCIAL STANDING. SHOULD THE RESIDENTS NEED FINANCIAL ASSISTANCE THE REQUEST WILL BE REVIEWED ANONYMOUSLY WITH THE PVE BOARD OF DIRECTORS FOR FINAL APPROVAL. THE FUNDS ARE REVIEWED MONTHLY BY THE ACCOUNTING DEPARTMENT AND CFO WITH A REPORT SENT TO THE SCHOLARSHIP AND BENEVOLENCE COMMITTEES EVERY MONTH. APPROVAL TO USE THE FUNDS IS GRANTED BY THE COMMITTEES. X X X 0 0 0 0 0 0 0 1 0 KEVIN BURKE CHIEF EXECUTIVE OFFICER 346738 0 76249 0 1425 0 33700 0 4863 0 462975 0 0 0 STEPHEN BOROSTYAN CFO (UNTIL OCT. 2023) 242098 0 28840 0 1187 0 27511 0 242 0 299878 0 0 0 SHANNON DODDS VP OF OPERATIONS 203939 0 10941 0 2035 0 19930 0 28248 0 265093 0 0 0 STEPHEN NEFF VP HEALTHCARE OPERATIONS 220000 0 0 0 2035 0 508 0 18479 0 241022 0 0 0 JENNIFER DE LEON SR. DIR. OF BUSINESS OPERATIONS 156247 0 18633 0 1425 0 16514 0 6746 0 199565 0 0 0 JEFFREY RAUSIS DIRECTOR OF COMMUNICATIONS & TECH. 157929 0 7867 0 691 0 16017 0 12615 0 195119 0 0 0 PATRICIA LUCCIONI SALES & MARKETING DIRECTOR 126511 0 41000 0 999 0 6880 0 9616 0 185006 0 0 0 SONJA DUERST DIRECTOR OF NURSING 153182 0 6888 0 0 0 15073 0 9277 0 184420 0 0 0 RICHARD COLE DIR. OF FACILITIES & CAP. PLANNING 160000 0 8049 0 1425 0 11205 0 1041 0 181720 0 0 0 PART I, LINE 7 BONUSES FOR THE EXECUTIVES ARE BASED ON MEETING THEIR BUDGETS AND THE COMPLETION OF CERTAIN GOALS. PERFORMANCE BASED BONUSES REQUIRE JUSTIFICATION AND APPROVAL BY THE ORGANIZATION'S EXECUTIVE TEAM. OTHER BONUSES SUCH AS REFERRAL AND MARKETING BONUSES ARE BASED ON SPECIFIC GOALS. A CALIFORNIA HEALTH FACILITIES FINANCE AUTHORITY 521643828 13033LU47 2013-04-04 35426298 REFUNDING ISSUE-2002 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 521643828 13048TM42 2016-11-30 22080000 ADVANCE REFUNDING 2005 BONDS AND CONSTRUCTION OF PARKING GARAGE & MEMORY CC 0 0 0 C CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VGY8 2019-03-07 105328790 TO CONSTRUCT A RETIREMENT COMMUNITY 0 0 0 A 18530000 35426298 564460 806505 30737122 2013 1 0 1 1 B 2110000 22080000 675209 673177 11133093 9598521 2017 0 1 1 1 C 24850000 105328790 3046924 1594007 4853783 95742278 2021 0 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA HEALTH FACILITIES FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/06/2018 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/17/2019 X 1 80584 NYSE 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUM B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY AT THE ORGANIZATION'S ANNUAL MEETING AT WHICH TIME EACH BOARD MEMBER IS ASKED TO REVIEW THE POLICY AND PROVIDE THEIR SIGNATURE INDICATING THERE IS NO KNOWN EXISTING CONFLICT. ANY DISCLOSED CONFLICT WOULD BE REMEDIED AS OUTLINED IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHIEF HUMAN RESOURCE OFFICER CONDUCTS SALARY SURVEYS WITH TRADE ASSOCIATIONS, LOCAL GOVERNMENT AGENCIES AND REGIONAL SOURCES TO DEVELOP COMPENSATION DATA AND TO ENSURE COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THAT DATA IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND SUBSEQUENT COMPENSATION RECOMMENDATIONS. COMPENSATION DISCUSSIONS ARE INCLUDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS ARE AVAILABLE ON DAC/EMMA AND IN THE LIBRARY ON SITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINES 1A AND 1B: THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE THAT CAN ACT WITH FULL AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS, SUBJECT TO STATUTORY AND BOARD IMPOSED LIMITATIONS ON COMMITTEE ACTION. FORM 990, PART XI, LINE 9: GAIN ON CHARITABLE REMAINDER ANNUITY 3,636.