Civic Intelligence

6Beds Inc

990 • Fiscal year 2023 • EIN 47-1261770

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 14, 2024

2201 Francisco Drive Suite 140-237El Dorado Hills, CA 95762

(916) 505-0128

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.73x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

1.51x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

91st percentile

30%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$577,016

Up $59,919 (+12%) from 2022

Net Assets

Up

$158,124

Up $83,629 (+112%) from 2022

Liabilities

Down

$418,892

Down $23,710 (-5.4%) from 2022

Revenue

Up

$277,555

Up $63,268 (+30%) from 2022

Expenses

Up

$193,926

Up $16,336 (+9.2%) from 2022

Net Income

Up

$83,629

Up $46,932 (+128%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $60,997Liabilities 2015: $0Net Assets 2015: $60,9972015Assets 2016: $31,838Liabilities 2016: $12,0002016Assets 2017: $60,613Liabilities 2017: $23,691Net Assets 2017: $36,9222017Assets 2018: $70,754Liabilities 2018: $0Net Assets 2018: $70,7542018Assets 2019: $64,393Liabilities 2019: $100Net Assets 2019: $64,2932019Assets 2020: $49,801Liabilities 2020: $0Net Assets 2020: $49,8012020Assets 2022: $517,097Liabilities 2022: $442,602Net Assets 2022: $74,4952022Assets 2023: $577,016Liabilities 2023: $418,892Net Assets 2023: $158,1242023Assets 2024: $553,729Liabilities 2024: $407,687Net Assets 2024: $146,0422024

Highlighted filing

2023

Assets$577,016
Liabilities$418,892
Net Assets$158,124

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $277,650Expenses 2015: $261,716Net Income 2015: $15,9342015Revenue 2016: $152,078Expenses 2016: $193,237Net Income 2016: -$41,1592016Revenue 2017: $205,340Expenses 2017: $188,256Net Income 2017: $17,0842017Revenue 2018: $252,703Expenses 2018: $218,871Net Income 2018: $33,8322018Revenue 2019: $207,184Expenses 2019: $213,543Net Income 2019: -$6,3592019Revenue 2020: $130,054Expenses 2020: $144,546Net Income 2020: -$14,4922020Revenue 2022: $214,287Expenses 2022: $177,590Net Income 2022: $36,6972022Revenue 2023: $277,555Expenses 2023: $193,926Net Income 2023: $83,6292023Revenue 2024: $225,970Expenses 2024: $238,052Net Income 2024: -$12,0822024

Highlighted filing

2023

Revenue$277,555
Expenses$193,926
Net Income$83,629
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 14, 2024
Return Version
2023v5.1
Gross Receipts
$277,555
Mission and Program Overview

Mission

Develop and influence social and institutional policies for the benefit of all frail elderly, and californians with developmental disabilities. Promote the professional, intellectual, and leadership development of california care providers in residential care. Ccprc.

Develop and influence social and institutional policies for the benefit of all frail elderly and californians with developmental disabilities. Promote the professional, intellectual, and leadership development of california care providers in residential care. Ccprc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivable From Disqualified Prsn$392,000$392,000→ $0
Rtn Earn Endowment Incm Other Fnds$74,495$158,124▲ $83,629
Cash and Non-Interest-Bearing Accounts$120,273$97,386▼ $22,887
Pledges and Grants Receivable-$84,000-
Inventories for Sale or Use$3,780$3,780→ $0
Prepaid Expenses and Deferred Charges$1,044$0▼ $1,044
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$517,097$577,016▲ $59,919
Other Assets Total-$-150-
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,200$417,173▼ $10,027
Accounts Payable and Accrued Expenses$15,402$1,719▼ $13,683
Total Liabilities$442,602$418,892▼ $23,710
Net Assets / Fund Balance
Total Net Assets Fund Balance$74,495$158,124▲ $83,629
Total Liabilities and Net Assets / Fund Balance$517,097$577,016▲ $59,919
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dorie PanizaPresident
Bruce WinsteadDirector
Cyndy MinneryDirector
George KutnerianDirector
Ines OtboDirector
Ronald SimpsonDirector
Gina WasdykeExecutive Director
Angelita MarindaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$277,555
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$83,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying-$61,000-$61,000
Office Expenses$6,903$26,189-$33,092
Conferences and Meetings$24,409$102-$24,511
Advertising-$22,666-$22,666
Fees for Services Accounting-$18,000-$18,000
Interest-$11,928-$11,928
Information Technology-$6,000-$6,000
Occupancy$5,955--$5,955
Travel$3,745$417-$4,162
Fees for Services Legal-$2,817-$2,817
Fees for Services Other$1,147$900-$2,047
Insurance$275$1,083-$1,358
Other Expenses-$70-$70
Total Functional Expenses$42,434$151,492$0$193,926
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$392,000$392,000→ $0
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board members review and approve the financial statements and Form 990 at its board meeting before it is filed.

Form 990, Part VI, Section B, Line 12C

6Beds Inc adopted the Conflict of Interest Policy upon its formation. Its board members have a fiduciary duty that requires them to place the best interests of the nonprofit ahead of their own interests. When a board member's personal interests conflict with their responsibility to act for the nonprofit, it creates a conflict of interest. 6Beds Inc will manage conflicts of interest by requiring board members to avoid conflicts of interest where possible, identify and disclose any conflicts of interest, carefully manage any conflicts of interest, and follow its policy and respond to any breaches.

Form 990, Part VI, Section B, Line 15A

No management level has ever been compensated.

Form 990, Part VI, Section B, Line 15B

No management level has ever been compensated.

Form 990, Part VI, Section C, Line 19

Upon written request, the organization will make requested documents available to the public.

Filing and Contact Details

Filer

Filer Name
6Beds Inc
EIN
47-1261770
Phone
9165050128
Address
2201 Francisco Drive Suite 140-237, El Dorado Hills, CA 95762

Signing Officer

Name
Gina Wasdyke
Title
Executive Director
Signed
2024-10-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Gina Wasdyke
Formed
2014
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Natomas Bookkeeping Services
Address
5504 Dunlay Dr, Sacramento, CA 95835
Preparer
Shirley Tupaz
Phone
9166901414
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: On April 25, 2023 is 6Beds Inc's 9th Year Advocacy day: Unleash Your Advocacy Power: Shape the Future of Residential Care. 6Beds legislative team presented all proposed legislation that will shape the residential care industry's future. Members had the opportunity to hear from influential key speakers, including Assemblymember Ash Kalra, Senator Scott Wiener, Assemblymember Jim Patterson, representatives from DSS, DDS, Alta Regional Center, and others. Thats not all, members who attended this event got 3 FREE CEUs (Continuing Education Units) just for attending. OTHER PROGRAM SERVICES 5: On June 30, 2023, our special guest speaker Jake Reinhardt, a highly experienced lawyer from the esteemed Gould, Hahn, and Reinhardt Law Office presented current trends in the residential care industry, including labor-related lawsuits. With California being a litigious state, it is crucial that our members who attended this event gained valuable insights into mitigating risks in the residential care industry, including labor-related lawsuits. OTHER PROGRAM SERVICES 6: On July 31, 2023, Mae Villanueva, Expert Mediator discussed about wage and hour matters in the carehome industry and how our members can avoid costly lawsuits and prolonged disputes in the Adult Residential Facility (ARF) or Residential Care Facility for the Elderly (RCFE) by resolving employment-related conflicts and resident/family complaints with mediation. OTHER PROGRAM SERVICES 7: On August 18, 2023, 6Beds Inc had its 9th Annual Conference free for all ARF& RCFE operators live event on August 18, 2023, from 9:00 am - 5:00 pm at Brea community center. 6Beds Annual Conference is an educational event where all the regulatory agencies such as department of developmental services and department of social services provide presentations on the most current information relevant to ARF and RCFE providers to help them improve their facilities and quality of service to residents. The conference helps ARF and RCFE operators help with compliance therefore minimizing deficiencies and penalties. OTHER PROGRAM SERVICES 8: On August 19, 2023, 6Beds Inc had its 9th Year Anniversary Gala and Awards Night where we recognized and celebrated the dedication and excellence of select ARF and RCFE caregivers, administrators, and operators. The gala award banquet was held at Marriot hotel. The purpose is to honor caregivers, administrators and operators for many years of excellent service, hardwork and dedication to their residents. OTHER PROGRAM SERVICES 9: On November 4, 2023, 6Beds Inc held their Training Seminar for ARF and RCFE at the Burlingame Community Center, Sequoia Room, 850 Burlingame Ave. Another successful live event brought to you by 6Beds. These workshops and training seminars are very insightful for ARF and RCFE Operators who participated. Participants were also given arbitration provision and agreement to mediate employment.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt170
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IRS990/OtherExpensesGrp/TotalAmt170
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt084000
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01044
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IRS990/PrincipalOfficerNm0Gina Wasdyke
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IRS990/ProgSrvcAccomActy2Grp/Desc0On February 22, 2023 our special guest speaker Joe Lopez, Assistant Senior Vice President of Federal Savings Bank shared a presentation on his company's services and product offerings and the use of conventional loans to expand our members businesses by being small business owners and benefits from their SBA loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0On March 1, 2023 6Beds Inc Director Gina Wasdyke reviewed the 10 HCBS Federal Guidelines and gave 6Beds members samples for their program design addendum.
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0158124
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: On April 25, 2023 is 6Beds Inc's 9th Year Advocacy day: Unleash Your Advocacy Power: Shape the Future of Residential Care. 6Beds legislative team presented all proposed legislation that will shape the residential care industry's future. Members had the opportunity to hear from influential key speakers, including Assemblymember Ash Kalra, Senator Scott Wiener, Assemblymember Jim Patterson, representatives from DSS, DDS, Alta Regional Center, and others. Thats not all, members who attended this event got 3 FREE CEUs (Continuing Education Units) just for attending. OTHER PROGRAM SERVICES 5: On June 30, 2023, our special guest speaker Jake Reinhardt, a highly experienced lawyer from the esteemed Gould, Hahn, and Reinhardt Law Office presented current trends in the residential care industry, including labor-related lawsuits. With California being a litigious state, it is crucial that our members who attended this event gained valuable insights into mitigating risks in the residential care industry, including labor-related lawsuits. OTHER PROGRAM SERVICES 6: On July 31, 2023, Mae Villanueva, Expert Mediator discussed about wage and hour matters in the carehome industry and how our members can avoid costly lawsuits and prolonged disputes in the Adult Residential Facility (ARF) or Residential Care Facility for the Elderly (RCFE) by resolving employment-related conflicts and resident/family complaints with mediation. OTHER PROGRAM SERVICES 7: On August 18, 2023, 6Beds Inc had its 9th Annual Conference free for all ARF& RCFE operators live event on August 18, 2023, from 9:00 am - 5:00 pm at Brea community center. 6Beds Annual Conference is an educational event where all the regulatory agencies such as department of developmental services and department of social services provide presentations on the most current information relevant to ARF and RCFE providers to help them improve their facilities and quality of service to residents. The conference helps ARF and RCFE operators help with compliance therefore minimizing deficiencies and penalties. OTHER PROGRAM SERVICES 8: On August 19, 2023, 6Beds Inc had its 9th Year Anniversary Gala and Awards Night where we recognized and celebrated the dedication and excellence of select ARF and RCFE caregivers, administrators, and operators. The gala award banquet was held at Marriot hotel. The purpose is to honor caregivers, administrators and operators for many years of excellent service, hardwork and dedication to their residents. OTHER PROGRAM SERVICES 9: On November 4, 2023, 6Beds Inc held their Training Seminar for ARF and RCFE at the Burlingame Community Center, Sequoia Room, 850 Burlingame Ave. Another successful live event brought to you by 6Beds. These workshops and training seminars are very insightful for ARF and RCFE Operators who participated. Participants were also given arbitration provision and agreement to mediate employment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board members review and approve the financial statements and Form 990 at its board meeting before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26Beds Inc adopted the Conflict of Interest Policy upon its formation. Its board members have a fiduciary duty that requires them to place the best interests of the nonprofit ahead of their own interests. When a board member's personal interests conflict with their responsibility to act for the nonprofit, it creates a conflict of interest. 6Beds Inc will manage conflicts of interest by requiring board members to avoid conflicts of interest where possible, identify and disclose any conflicts of interest, carefully manage any conflicts of interest, and follow its policy and respond to any breaches.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No management level has ever been compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No management level has ever been compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon written request, the organization will make requested documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/AddressLine1Txt02201 Francisco Drive Suite 140-237
IRS990/USAddress/CityNm0El Dorado Hills
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095762
IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0www.6beds.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Gina Wasdyke
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt06Beds Inc
ReturnHeader/Filer/BusinessNameControlTxt06BED
ReturnHeader/Filer/EIN0471261770
ReturnHeader/Filer/PhoneNum09165050128
ReturnHeader/Filer/USAddress/AddressLine1Txt02201 Francisco Drive Suite 140-237
ReturnHeader/Filer/USAddress/CityNm0El Dorado Hills
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0923956887
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Natomas Bookkeeping Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05504 Dunlay Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sacramento
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095835
ReturnHeader/PreparerPersonGrp/PhoneNum09166901414
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shirley Tupaz
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-14T13:09:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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