899 Charleston

“The organization pays a management fee to Jewish Senior Living Group, a related organization who provides management, marketing, and other supporting services to 899 Charleston. The organization's top executive (Daniel Ruth) and top financial official (Victor Meinke) are both compensated by Jewish Senior Living Group. Total payments to Jewish Senior Living Group for these management, marketing, and other supporting services totalled $908,190 during the 6/30/2017 fiscal year.”

“Jewish Senior Living Group, a California nonprofit public benefit corporation, appoints a majority of the Trustees.”

“A complete copy of the form 990 was provided to all members of the board of trustees prior to filing with the internal revenue service. Management of the organization reviews the completed form 990 and follows up with the tax preparation firm to answer any questions prior to filing.”

“The organization monitors and enforces compliance with the conflict of interest policy. Each trustee and principle officer of the organization and each member of a committee with board-delegated powers signs a conflict of interest statement and disclosure form. The board of trustees reviews and determines if any conflicts of interest exist and takes the appropriate action as outlined in the organization's conflict of interest policy.”

“The board reviewed and approved the annual compensation package for the executive director based on various factors such as: compensation data obtained from various sources and non-profit resources for similarly situated organization in the area. The board approved the annual budget that includes salary expense. Line 15b has been answered "no" (as mandated by the form 990 instructions), as the organization does not compensate any additional officers or key employees; these individuals are compensated by a related organization.”

“The organization's audited financial statements are made available upon written or oral request. The governing documents and conflict of interest policy are not made available to the public.”

“Hours for Daniel Ruth, Victor Meinke, and Kevin Hogan appear low as these individuals devote a portion of their time to affiliated organization not related (by Form 990 definitions) to 899 Charleston. Kevin Hogan, who termed as Executive Director of 899 Charleston in December of 2015, is listed as a "Former Officer" as he received compensation in relation to services performed as an employee for a related organization during the 2016 calendar year.”

“Construction and operation of 193 maintenance-free apartments, including 170 units for independent living, 12 for assisted living, and 11 units for specialized memory support, in buildings throughout the pedestrian-friendly taube-koret campus for jewish life, the first and only jewish-sponsored senior living community in the region south of san francisco, california. The goal of this unique neighborhood design is to foster opportunities for older adults to engage with individuals of all ages as they participate in activities and organizations on the campus. As a continuing care retirement community, 899 charleston (dba moldaw residences) also provides for residents' future healthcare, as needed. In addition to having access to personalized assisted living services memory support residences on campus, residents are also afforded priority access to skilled nursing care through an affiliation with the hebrew home for aged disabled. During the year, moldaw residences provided independent living and memory support living to elderly residents. There were 237 residents at june 30, 2017.”

“Change In Beneficial Interest in JHSLF 666,904. Change in Future Service Benefit Obligation 1,412,591.”