899 Charleston

“The organization paid a management fee to jewish senior living group, a related organization during fy2021 who provided management, marketing, and other supporting services to 899 charleston. Total payments to jewish senior living group for these management, marketing, and other supporting services totaled $1,132,548 during the 6/30/2021 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 had one sole member during the june 30, 2021 fiscal year: jewish senior living group.”

“Jewish senior living group, a california nonprofit public benefit corporation, had the power to appoint a majority of the trustees of 899 charleston during the june 30, 2021 fiscal year.”

“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 regularly monitors and enforces compliance with the conflict of interest policy. Each trustee, officer, and key employee of the organization 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, which includes recusal from any decision-making process involving a conflicted individual.”

“During the fiscal year, the board of trustees reviewed and approved the compensation package for the executive director based on compensation surveys and studies. Form 990, part vi, section b, line 15b has been answered "no" (as provided 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 governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Average hours per week reported in form 990, part vii, section a, column (b) for daniel ruth, michael skaff, and mary connick appear low as these individuals devote a portion of their working time to affiliated organizations which do not meet the definition of a related organization, per the form 990 instructions.”

“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 204 residents at june 30, 2021.”

“Change in beneficial interest in jhslf 1,523,780. Change in future service benefit obligation -1,115,724.”