2024-11-15T16:08:59-06:00 2023-12-31 880188093 PANGBORN & CO LTD 924 SOUTH VIRGINIA ST RENO NV 89502 990 2023-01-01 880266437 SILVER SAGE MANOR INC SILV 7753291155 3870 NEIL ROAD SUITE A RENO NV 89502 LINDA L CANAVAN TREASURER 7753291155 2024-11-15 1 0 DAVID D KARY CPA P00622690 7753281040 2024-11-15 2023 2024-10-15 13:58:12Z KENNETH W NARDUCY 3870 NEIL ROAD SUITE A RENO NV 89502 1199165 0 X WWW.SILVERSAGEMANOR.ORG X 1991 NV SERVING THE NEEDS OF SENIORS BY DEVELOPING HIGH-QUALITY AFFORDABLE HOUSING. 10 10 4 0 0 0 1000 0 690682 399740 100285 124780 250000 0 1041967 524520 0 0 0 0 194371 231317 0 0 0 156408 177477 350779 408794 691188 115726 5373097 5598925 83464 90664 5289633 5508261 X SERVING THE NEEDS OF SENIORS BY DEVELOPING HIGH-QUALITY AFFORDABLE HOUSING 0 0 205523 336291 SILVER SAGE MANOR, INC. PROVIDES HIGH QUALITY AFFORDABLE HOUSING FOR SENIORS AT OR BELOW 50% OF AREA MEDIAN INCOME IN 4 COMPLETED PROPERTIES. IN TOTAL THE PROPERTIES PROVIDE HOUSING FOR 152 SENIOR HOUSEHOLDS. SILVER SAGE MANOR, INC. IS NEARING COMPLETION OF A NEW DEVELOPMENT THAT WILL ADD AN ADDITIONAL 40 UNITS OF AFFORDABLE SENIOR HOUSING TO ITS PORTFOLIO.ADDITIONALLY, SILVER SAGE MANOR, INC. SUPPORTS THE RESIDENTS OF ITS PROPERTIES WITH SENIOR SERVICES COORDINATORS ENGAGING WITH RESIDENTS TO ASSIST THEM IN CONNECTING WITH RESOURCES THAT ALLOW THEM TO SUCCESSFULLY AGE IN PLACE. OUR SENIOR SERVICE COORDINATORS ASSIST RESIDENTS WITH A WIDE VARIETY OF NEEDS. IN 2023 OVER 6500 INTERACTIONS WERE RECORDED WITH OUR COORDINATORS. 103839 63449 RENTAL ACTIVITY FOR AN EIGHT UNIT APARTMENT COMPLEX FOR LOW INCOME HOUSING SERVING THE ELDERLY, LOCATED ON MORAN STREET IN RENO, NV 309362 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 X HARRY HOBSON 7753291155 3870 NEIL ROAD SUITE A RENO NV 89502 KEN NARDUCY PRESIDENT 5.00 X X 0 0 0 DIANE TORRY VICE-PRESIDENT 2.00 X X 0 0 0 LINDA CANAVAN TREASURER 4.00 X X 0 0 0 JERRY MULLEN SECRETARY 2.00 X X 0 0 0 PATTI BENGTSON TRUSTEE 1.00 X 0 0 0 MARK MACDONALD TRUSTEE 1.00 X 0 0 0 STEPHEN NOVACEK TRUSTEE 1.00 X 0 0 0 JAMES ROBERTS TRUSTEE 1.00 X 0 0 0 GRACE SCHOENFELD TRUSTEE 1.00 X 0 0 0 GEORGE A SUMMERHILL TRUSTEE 1.00 X 0 0 0 JULIE OTT TRUSTEE 1.00 X 0 0 0 HARRY HOBSON EXECUTIVE DIRECTOR 40.00 X 110027 0 0 110027 0 0 1 0 0 0 0 DEVELOPERS FEES 531390 262500 262500 RENTAL INCOME 531390 63449 63449 MANAGEMENT AGREEMENT F 531390 56282 56282 LOSSES MONITORING FEES 531390 16866 16866 GROSS INCOME FROM PART 531390 643 643 399740 58947 58947 740478 674645 65833 65833 65833 524520 399740 0 124780 110027 89700 20327 95319 92622 2697 7378 6939 439 18593 16553 2040 4768 4768 54930 54930 16533 2843 13690 47826 47826 2629 654 1975 42054 42054 6837 3503 3334 DUES & PUBLICATIONS 1000 1000 SENIOR SERVICES SUPPORT 900 900 408794 309362 99432 0 230700 229896 42432 1726592 583628 845117 250000 1007053 2965 2965 1880569 477517 1445106 1403052 2219528 8491 8407 590247 375843 5373097 5598925 2564 9464 80000 80000 900 1200 83464 90664 X 5289633 5508261 5289633 5508261 5373097 5598925 X 115726 102895 7 X X 0 0 1 0 X 1000 1000 2000 314171 139347 119803 690712 399740 1663773 314171 140347 119803 691712 399740 1665773 0 0 0 1665773 67255 61661 40377 33671 58947 261911 67255 61661 40377 33671 58947 261911 250000 250000 381426 202008 160180 975383 458687 2177684 0.76490 0.72340 0.12030 0.15040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FORGIVENESS OF DEBT-LOAN FOR LOW INCOME HOUSING - 2022 AMOUNT: $ 250,000. 291357 291357 1470056 376782 1093274 119156 100735 18421 1403052 PROJECT WORKING LOAN - OROVADA PROJECT 84585 PROJECT WORKING LOAN II - OROVADA PROJECT 291258 375843 SECURITY DEPOSITS REFUNDABLE 1200 1200 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS IS TO REVIEW FORM 990. THE FORM 990 IS REVIEWED BY THE BOARD MEMBERS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS MAINTAINED BY ANNUAL BOARD REVIEW AND ACKNOWLEDGEMENT OF THE POLICY IN ADDITION TO REGULAR REMINDERS AT MONTHLY BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION IS REVIEWED ANUALLY BY THE EXECUTIVE COMMITTEE WITH RECOMMENDATIONS FOR ADJUSTMENTS MADE TO AND APPROVED BY THE BOARD. EMPLOYEE PERFORMANCE AND COMPENSATION OF ALL EMPLOYEES IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE WITH RECOMMENDATIONS FOR ADJUSTMENTS MADE TO AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING 7. FORM 990, PART XII, LINE 3B: DURING 2023 SILVER SAGE MANOR OPERATED WITH LIMITED STAFFING. DUE TO UNIQUE VACATION AND SICK TIME OFF FROM ITS KEY EMPLOYEE SILVER SAGE MANOR, INC. WAS DELAYED IN ITS COMPLETION OF AND FORWARDING OF INTERNAL FINANCIAL INFORMATION TO ITS ACCOUNTANTS AND AUDITORS. ADDITIONAL CHALLENGES IN COMPLETING FINANCIAL REPORTING AND BACK UP SUPPORT PROVISION IN A TIMELY MANNER WAS COMPLICATED BY CHALLENGES OF COMPLETING A NEW PROJECT AND CLOSING THE FINANCING OF A SECOND PHASE AT THE SAME TIME. SILVER SAGE MANOR, INC. HAS ENGAGEMENTS IN PLACE FOR BOTH ITS ACCOUNTING AND AUDITING TO BE COMPLETED AND BOTH ARE CURRENTLY BEING WORKED ON WITH ANTICIPATED COMPLETION PRIOR TO THE END OF 2024. WHILE IT IS BELIEVED THE DELINQUENCY IS A ONE TIME OCCURRENCE, SILVER SAGE MANOR, INC. IS WORKING TO BRING ADDITIONAL STAFF TO THE ORGANIZATION THAT WILL ASSIST IN THE COMPLETION OF THE INTERNAL PROVISION OF FINANCIAL STATEMENTS AND BACK UP SUPPORT TO ITS ACCOUNTANTS AND AUDITORS IN THE EVENT OF OTHER UNFORESEEN CIRCUMSTANCES GOING FORWARD. MORAN ST SENIORS LLC 3870 NEIL ROAD STE A RENO NV 89502 461460086 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV 63471 1777049 SSMI LINCOLN SENIORS MANAGER LLC 3870 NEIL ROAD STE A RENO NV 89502 473926727 PROVIDE MANAGEMENT SERVICE FOR LOW INCOME SENIOR HOUSING LISTED IN PART III NV 13836 -195 SSMI EASTLINE ASSOCIATES PO BOX 2688 ELKO NV 89801 880345325 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV N/A RELATED 0 1 0.00150 4TH & LINCOLN SENIORS LLC 3870 NEIL ROAD SUITE A RENO NV 89502 461454842 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV N/A RELATED -33 20058 0 1 0.00010 NEIL ROAD SENIOR APARTMENTS LLC 3870 NEIL ROAD SUITE A RENO NV 89502 270269857 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV N/A RELATED -25 8246 0 1 0.00010 SILVER SAGE SENIOR RESIDENCE LLC 3870 NEIL ROAD SUITE A RENO NV 89502 203312018 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV N/A RELATED -26 1049051 0 1 0.00010 OROVADA STREET SENIOR APTS LLC 3870 NEIL ROAD SUITE A RENO NV 89502 371995938 PROVIDE LOW INCOME HOUSING TO THE ELDERLY NV N/A RELATED 9082789 0 1 0.00010 NEIL ROAD SENIOR APARTMENTS INC 3870 NEIL ROAD STE A RENO NV 89502 270269828 PROVIDE MANAGEMENT SRVCS FOR LOW INCOME SENIOR HOUSING LISTED IN PART III NV SSMI C 30743 7535 1.00000 0 SILVER SAGE SENIOR RESIDENCE INC 3870 NEIL ROAD STE A RENO NV 89502 203311965 PROVIDE MANAGEMENT SRVCS FOR LOW INCOME SENIOR HOUSING LISTED IN PART III NV SSMI C 11703 1.00000 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 SILVER SAGE SENIOR RESIDENCE LLC A 12006 CASH & ACCRUAL SILVER SAGE SENIOR RESIDENCE LLC D 757959 CASH OROVADA STREET SENIOR APPARTMENTS LLC L 262500 ACCRUAL OROVADA STREET SENIOR APPARTMENTS II LLC L 198400 ACCRUAL OROVADA STREET SENIOR APPARTMENTS LLC R 283758 CASH OROVADA STREET SENIOR APPARTMENTS II LLC R 97483 CASH OROVADA STREET SENIOR APPARTMENTS II LLC S 597483 CASH SCHEDULE R PART 1(B) & PART III FOR SCHEDULE R PART I AND III (COL B) PRIMARY ACTIVITY OF ALL ENTITIES IS TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY FOR SCHEDULE R PART IV COL(B) PROVIDES MANAGEMENT SERVICES FOR LOW INCOME HOUSING SCHEDULE R PART I ALL FINANCIAL INFORMATION FROM THE 3 DISREGARDED ENTITIES AS SHOWN ON SCHEDULE R HAVE BEEN INCLUDED IN THIS FORM 990. SCHEDULE R PART IV, COLUMN B FOR SCHEDULE R, PART IV LINES 1 AND 2 COL 9(B) PRIMARY ACTIVITY IS TO PROVIDE MANAGEMENT SERVICES FOR LOW INCOME SENIOR HOUSING.