Civic Intelligence

Redding Assisted Living Corporation DBA Kirkwood Redding

EIN 68-0385058 • 501(c)3 • Glendale, CA

Profile

Kirkwood assisted living residence (kwr) is dedicated to providing quality housing, health and support services, primarily for older adults of all faiths that enrich the physical, social and spiritual dimensions of their lives. Kirkwood redding is also committed to acting as a resource for the communities in which we operate.

516 Burchett StreetGlendale, CA 91203

www.thebegroup.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

100th percentile

117.21x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

4th percentile

-463%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$595,319

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 4745.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $2,220,286 (-100%) from 2013

Liabilities

Down

$1,470,379

Down $2,162,146 (-60%) from 2013

Net Assets

Down

-$1,470,379

Down $58,140 (-4.1%) from 2013

Revenue

Down

$12,545

Down $2,749,059 (-100%) from 2013

Expenses

Down

$70,685

Down $2,053,200 (-97%) from 2013

Net Income

Down

-$58,140

Down $695,859 (-109%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $3,261,960Liabilities 2010: $5,195,025Net Assets 2010: -$1,933,0652010Assets 2011: $3,242,435Liabilities 2011: $5,235,993Net Assets 2011: -$1,993,5582011Assets 2012: $3,140,691Liabilities 2012: $5,190,649Net Assets 2012: -$2,049,9582012Assets 2013: $2,220,286Liabilities 2013: $3,632,525Net Assets 2013: -$1,412,2392013Assets 2014: $0Liabilities 2014: $1,470,379Net Assets 2014: -$1,470,3792014

Highlighted filing

2014

Assets$0
Liabilities$1,470,379
Net Assets-$1,470,379

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,882,1132010Expenses 2011: $1,931,6672011Expenses 2012: $1,923,1042012Revenue 2013: $2,761,604Expenses 2013: $2,123,885Net Income 2013: $637,7192013Revenue 2014: $12,545Expenses 2014: $70,685Net Income 2014: -$58,1402014

Highlighted filing

2014

Revenue$12,545
Expenses$70,685
Net Income-$58,140

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 14, 2015
Return Version
2014v5.0
Gross Receipts
$12,545
Mission and Program Overview

Mission

Kirkwood assisted living residence (kwr) is dedicated to providing quality housing, health and support services, primarily for older adults of all faiths that enrich the physical, social and spiritual dimensions of their lives. Kirkwood redding is also committed to acting as a resource for the communities in which we operate.

We are dedicated to providing quality housing, health and support services, primarily for older adults of all faiths that enrich the physical, social and spiritual dimensions of their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$18,125--
Prepaid Expenses and Deferred Charges$6,223--
Cash and Non-Interest-Bearing Accounts$-361$0▲ $361
Total Assets$2,220,286$0▼ $2,220,286
Other Assets Total$2,196,299$0▼ $2,196,299
Liabilities
Tax Exempt Bond Liabilities$1,990,000--
Other Liabilities$1,626,344$1,470,379▼ $155,965
Accounts Payable and Accrued Expenses$16,181--
Total Liabilities$3,632,525$1,470,379▼ $2,162,146
Net Assets / Fund Balance
Unrestricted Net Assets$-1,412,239$-1,470,379▼ $58,140
Total Net Assets Fund Balance$-1,412,239$-1,470,379▼ $58,140
Total Liabilities and Net Assets / Fund Balance$2,220,286$0▼ $2,220,286

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$4,694,305$4,377--$4,698,682
2013$4,759,817$-65,512--$4,694,305
2012$4,748,377$11,440--$4,759,817
2011$4,634,052$114,325--$4,748,377
2010$4,501,072$132,980--$4,634,052
Compensation and Service Providers

Employees

NameTitleOtherTotal
David R Decker EsqOfficer/secretary$42,438$42,438
Rand M FerrisDirector$17,900$17,900

Board Members and Trustees

NameTitle
Albert W KelleyOfficer/chair
Carolyn DowneyDirector
David W Steinman CmbDirector
Donna Benton Ph DDirector
Edward M Newman Ph DDirector
Eldon F HollDirector
Jack D SamulsonDirector
Jack W AndersonDirector
James D CashionDirector
James R AndersonDirector
Judith D BakerDirector
Kay Rustand EsqDirector
Phoebe S Liebig Ph DDirector
Phyllis ManleyDirector
William J BattisonDirector
Polly AhadzadehController
John H Cochrane IiiEx Officio/CEO
Gerald DingivanFormer CEO
Daniel HutsonVP Communication & Mktg
David L PierceVP Finance/CFO
Benjamin F Beckler IiiVP of Project Development
Daniel S OgusVP Operations
Marc HerreraVP Skilled Nursing & Risk
Michelle EsserVP Talent Management/hr
Revenue and Support

Revenue Composition

Contributions and Grants
$3,001
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$9,518
All Other Contributions
$3,001
Change in Net Assets
$-58,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,668
Salaries, Compensation, and Employee Benefits$27,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payroll Taxes$21,258$3,335-$24,593
Insurance-$23,104-$23,104
Interest-$13,441-$13,441
Other Salaries and Wages$2,424--$2,424
Fees for Services Management-$1,500-$1,500
Fees for Services Other$136$1,080-$1,216
Other Expenses$96$715-$715
Occupancy-$592-$592
Advertising-$126-$126
Total Functional Expenses$23,914$46,771$0$70,685
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
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$1,788,332
Pension Expense$164,601
Accrued Liabilities$-482,554
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 11

This 990 was prepared by the accounting department in the home office of be.group. It was reviewed by the controller and the vice president/chief financial officer. The executive committee of the board of directors met on november 11, 2015 for final review prior to filing this form with the proper government authorities. It was made available to each voting member of the board of directors on november 12, 2015 by placing it on an internet portal.

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

Pursuant to company policy hr-101, management employees and board of directors are asked, on an annual basis, to acknowledge and declare any potential conflicts of interest during their employment with be.group by completing the "questionnaire regarding policy on conflict of interest and disclosure of certain interests". This policy is enforced and maintained by the human resources department of the be.group corporate office.

Form 990, Part VI, Section B, Line 15

Kirkwood assisted living corp. (kwr)does not directly pay these individuals, however as compensation is part of the management fees, kwr is able to rely on the reasonableness due to be.group's compensation policy below: a. Compensation for the company's ceo is based on comparability data received from an independent consultant who is familiar with the compensation practices of similar companies in the nonprofit senior housing and services industry. On an annual basis, the executive committee of the board of directors (in its capacity as compensation committee) reviews and discusses the compensation data with the ceo and others as deemed necessary. An updated compensation survey was conducted in 2014. This information was used for setting modest salary increases for the ceo and senior management, after giving due consideration to the incentive compensation plan. Based on those discussions, and pursuant to california law, the executive committee makes a recommendation for the ceo base compensation to the full board. B. Base compensation for the company's senior management is determined by a salary survey conducted by an independent consultant with expertise in the compensation practices of similar companies in the nonprofit senior housing and services industry. An updated compensation survey was conducted in 2014. This information was used for setting modest salary increases for the ceo and senior management, after giving due consideration to the incentive compensation plan. Pursuant to california law the executive committee makes a recommendation for the ceo base compensation to the full board and provides the ceo with recommended ranges in which to adjust the base compensation for the other members of senior management. Seven of eight members of the executive committee and fifteen of seventeen voting members of the board members of the board, are independent persons. Contemporaneous summary minutes of all executive committee meetings are maintained. In addition, based on input from independent consultants, the executive committee, in consultation with the ceo, establishes criteria to be met for purposes of any incentive compensation that might be paid out. See note on schedule j for more information about incentive payments.

Form 990, Part VI, Section C, Line 19

Our organization makes its financial statements available to the public in several ways. They are available in our annual filing of form 990 which the public can access through the internet at such sites as guidestar.org and foundation center (http://tfcny.fdncenter.org/990s/990search/esearch.php). Also, due to the tax exempt bonds some of our entities have, our financial statements are available from our tax exempt bond issuance documents on emma. Our annual reports and several other documents are available on our company's website at www.thebegroup.org as well as our contact information, which the public can use to obtain our address and phone number to make the request for any of this information by telephone, mail, or email. Be.group and its affiliates does not make our governing documents and conflict of interest policy available to the public.

Form 990, Part VII, Section A, Column B

The number of hours for ceo and cfo represent time spent on this organization and all related organizations.

Form 990, Part VII, Section A

The number of hours for ceo and cfo represent time spent on this organization and all related organizations.

Filing and Contact Details

Filer

Filer Name
Redding Assisted Living Corporation
EIN
68-0385058
Phone
8182470420
Address
516 BURCHETT STREET, GLENDALE, CA 91203
Doing Business As
Kirkwood Redding

Signing Officer

Name
David Pierce
Title
Vice President & CFO
Phone
8182470420
Signed
2015-08-14

Organization Details

Principal Officer
John H Cochrane Iii
Formed
1996
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
15
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The be.group's board of directors has delegated an audit committee to the oversight and review of the audited financial statements and make recommendation to all the voting members of the board. During fiscal year 2014, there were no changes by the audit committee in their process of reviewing the audited financial statements or their selection of the independent auditors.

Financial Statement Notes

PART X, LINE 2:

The fasb has issued fasb interpretation (fin) no. 48 accounting for uncertainty in income taxes - an interpretation of fasb statement no. 109, as amended. This interpretation clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statement in accordance with fasb statement no. 109, accounting for income taxes. This interpretation prescribes a recognition threshold and measures attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result of the implementation of fin no. 48, be.group and affiliates have not recognized an increase in the liability for unrecognized tax benefits.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

0 0

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IRS990/Form990PartVIISectionAGrp/PersonNm19DAVID L PIERCE
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IRS990/Form990PartVIISectionAGrp/PersonNm22MARC HERRERA
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22VP SKILLED NURSING & RISK
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