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 $1,052,022 during the 6/30/2019 fiscal year.”

“The organization does not have "members" by definition of the bylaws; however, the form 990 instructions also define a "member" as any person (including a corporation or other legal entity) who has the right to participate in the organization's governance, including electing members of the governing body. As such, in accordance with the form 990 instructions, 899 charleston has one sole member: jewish senior living group.”

“Jewish senior living group, a california nonprofit public benefit corporation, appoints a majority of the trustees.”

“The form 990 is prepared by an outside tax preparation firm in conjunction with the organization's accounting and finance staff. Management of the organization then reviews the completed form 990 and follows up with the tax preparation firm to answer any unresolved questions. A complete copy of the form 990 is then provided to all members of the board prior to filing with the internal revenue service.”

“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 of directors reviews and approves the annual compensation package for the executive director based on various factors, including data collected from an independent compensation consultant (who utilizes compensation data obtained from surveys), performance appraisals, and non-profit resources for similar organizations in the same geographical area. The board of trustees approves the executive director's employment contract. 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 and victor meinke appear low as these individuals devote a portion of their time to affiliated organization not related (by form 990 definitions) to 899 charleston.”

“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 231 residents at june 30, 2019.”

“Contract services and professional fees: program service expenses 1,438,773. Management and general expenses 835,626. Fundraising expenses 0. Total expenses 2,274,399.”

“Change in beneficial interest in jhslf 342,435.”