Civic Intelligence

Hollenbeck Palms

990 • Fiscal year 2016 • EIN 71-0876594

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 14, 2016

573 South Boyle AvenueLos Angeles, CA 90033

(323) 263-6195

Siviq Scores

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

Liabilities / Assets

67th percentile

0.49x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

2.30x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

61st percentile

5.4%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$320,821

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

31st percentile

-1.6%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.1%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Down

$87,207,152

Down $1,416,222 (-1.6%) from 2015

Net Assets

Up

$44,785,136

Up $1,248,038 (+2.9%) from 2015

Liabilities

Down

$42,422,016

Down $2,664,260 (-5.9%) from 2015

Revenue

Up

$18,428,096

Up $718,307 (+4.1%) from 2015

Expenses

Up

$17,436,410

Up $718,522 (+4.3%) from 2015

Net Income

Down

$991,686

Down $215 (-0.0%) from 2015

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $76,051,591Liabilities 2011: $43,045,968Net Assets 2011: $33,005,6232011Assets 2012: $75,356,168Liabilities 2012: $41,723,708Net Assets 2012: $33,632,4602012Assets 2013: $78,107,280Liabilities 2013: $37,607,049Net Assets 2013: $40,500,2312013Assets 2014: $80,332,589Liabilities 2014: $36,081,194Net Assets 2014: $44,251,3952014Assets 2015: $88,623,374Liabilities 2015: $45,086,276Net Assets 2015: $43,537,0982015Assets 2016: $87,207,152Liabilities 2016: $42,422,016Net Assets 2016: $44,785,1362016Assets 2017: $85,445,937Liabilities 2017: $40,161,246Net Assets 2017: $45,284,6912017Assets 2018: $86,146,302Liabilities 2018: $40,003,787Net Assets 2018: $46,142,5152018Assets 2019: $85,510,383Liabilities 2019: $39,670,328Net Assets 2019: $45,840,0552019Assets 2020: $83,559,690Liabilities 2020: $41,945,222Net Assets 2020: $41,614,4682020Assets 2021: $91,601,425Liabilities 2021: $40,867,722Net Assets 2021: $50,733,7032021Assets 2022: $86,831,720Liabilities 2022: $41,854,153Net Assets 2022: $44,977,5672022Assets 2023: $87,844,249Liabilities 2023: $41,406,803Net Assets 2023: $46,437,4462023Assets 2024: $86,206,813Liabilities 2024: $39,214,775Net Assets 2024: $46,992,0382024

Highlighted filing

2016

Assets$87,207,152
Liabilities$42,422,016
Net Assets$44,785,136

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $15,645,3312011Expenses 2012: $16,128,9602012Revenue 2013: $20,152,700Expenses 2013: $16,138,507Net Income 2013: $4,014,1932013Revenue 2014: $17,600,032Expenses 2014: $16,306,369Net Income 2014: $1,293,6632014Revenue 2015: $17,709,789Expenses 2015: $16,717,888Net Income 2015: $991,9012015Revenue 2016: $18,428,096Expenses 2016: $17,436,410Net Income 2016: $991,6862016Revenue 2017: $17,312,396Expenses 2017: $17,437,520Net Income 2017: -$125,1242017Revenue 2018: $18,766,874Expenses 2018: $17,237,636Net Income 2018: $1,529,2382018Revenue 2019: $17,186,491Expenses 2019: $17,578,154Net Income 2019: -$391,6632019Revenue 2020: $18,313,454Expenses 2020: $18,824,623Net Income 2020: -$511,1692020Revenue 2021: $22,351,666Expenses 2021: $19,898,299Net Income 2021: $2,453,3672021Revenue 2022: $21,479,111Expenses 2022: $20,498,539Net Income 2022: $980,5722022Revenue 2023: $25,021,223Expenses 2023: $23,746,682Net Income 2023: $1,274,5412023Revenue 2024: $26,451,732Expenses 2024: $25,705,119Net Income 2024: $746,6132024

Highlighted filing

2016

Revenue$18,428,096
Expenses$17,436,410
Net Income$991,686
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 14, 2016
Return Version
2015v2.1
Gross Receipts
$22,826,338
Mission and Program Overview

Mission

Hollenbeck palms is committed to providing a residence for those in the later years of their lives that encompasses a healthy environment of comfort, safety, and enjoyment; that attends to their physical, mental, and spiritual needs; and that is quick to respond to and assist in those needs whether immediate or long term, and to do so with great compassion, honesty, dignity and genuine love.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$40,599,746$40,963,702▲ $363,956
Land, Buildings, and Equipment, Net$27,842,035$29,204,960▲ $1,362,925
Cash and Non-Interest-Bearing Accounts$13,032,395$11,143,363▼ $1,889,032
Accounts Receivable$1,691,232$1,485,234▼ $205,998
Pledges and Grants Receivable$988,284$838,277▼ $150,007
Savings and Temporary Cash Investments$1,187,760$740,637▼ $447,123
Prepaid Expenses and Deferred Charges$197,020$187,096▼ $9,924
Inventories for Sale or Use$162,538$145,213▼ $17,325
Total Assets$88,623,374$87,207,152▼ $1,416,222
Other Assets Total$2,922,364$2,498,670▼ $423,694
Liabilities
Tax Exempt Bond Liabilities$21,815,000$21,180,000▼ $635,000
Mortgage Notes Payable Secured by Investment Property$10,000,000$10,000,000→ $0
Other Liabilities$9,949,314$7,547,390▼ $2,401,924
Accounts Payable and Accrued Expenses$3,321,962$3,694,626▲ $372,664
Total Liabilities$45,086,276$42,422,016▼ $2,664,260
Net Assets / Fund Balance
Unrestricted Net Assets$39,018,809$40,039,082▲ $1,020,273
Temporarily Rstr Net Assets$3,744,966$3,972,731▲ $227,765
Permanently Rstr Net Assets$773,323$773,323→ $0
Total Net Assets Fund Balance$43,537,098$44,785,136▲ $1,248,038
Total Liabilities and Net Assets / Fund Balance$88,623,374$87,207,152▼ $1,416,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,318,325$17,180,964$44,499,289
Equipment$1,858,543$4,283,553$6,142,096
Land$28,092-$28,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William HeidemanPresident/ceFT$256,155$64,666$320,821
William HeidemanPresident/CEO-$256,155$64,666$320,821
Morris ShockleyCFOFT$160,937$52,035$212,972
Peggy L HeidemanAdmissions DFT$125,910$47,322$173,232
Peggy L HeidemanAdmissions Director-$125,910$47,322$173,232
Ray ShivelyChief EngineFT$122,857$31,101$153,958
Ray ShivelyChief Engineer-$122,857$31,101$153,958
John M ShivelyEngineerFT$115,400$34,066$149,466
Johnny YoungControllerFT$111,727$35,926$147,653
Ivania RamirezDirector ofFT$109,190$26,862$136,052

Board Members and Trustees

NameTitle
Carol a JohnstonBoard Chair
Betty J FogtBoard Member
David AdamsBoard Member
Edward S GarlockBoard Member
Michael DavisBoard Member
Tracy HirrelBoard Member
William KumagaiBoard Member
Casey AdamsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Team Rehab INCTherapy6531 SILENT HARBOR DR, Huntington Beach, CA 92648$416,215
Creative Landscape & MaintLandscaping23944 NOMAR ST, Woodland Hills, CA 91367$216,931
Revenue and Support

Revenue Composition

Contributions and Grants
$231,151
Program Service Revenue
$15,989,024
Investment Income
$2,058,337
Other Revenue
$149,584
All Other Contributions
$231,151
Change in Net Assets
$991,686

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,428,096
Total Revenue per Audited Statements
$18,428,096
Total Revenue per Form 990
$18,428,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,758,822
Other Expenses$8,675,943
Professional Fundraising Fees$1,645
Total Fundraising Expense$1,645
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,787,781$811,117-$5,598,898
Other Employee Benefits$1,936,514$541,964-$2,478,478
Depreciation Depletion-$1,133,395-$1,133,395
Office Expenses$736,031$172,237-$908,268
Other Expenses$764,443$279,182-$764,443
Current Officers, Directors, Trustees, and Key Employees-$681,446-$681,446
Occupancy-$592,825-$592,825
Advertising-$271,910-$271,910
Insurance-$250,985-$250,985
Fees for Services Other$83,559$146,948-$230,507
All Other Expenses$168,295$56,268-$224,563
Fees for Services Accounting-$117,867-$117,867
Interest-$103,970-$103,970
Fees for Services Legal-$52,981-$52,981
Conferences and Meetings$2,231$14,271-$16,502
Travel-$4,812-$4,812
Fees for Services Professional Fundraising--$1,645$1,645
Total Functional Expenses$10,253,881$7,180,884$1,645$17,436,410

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,436,410
Total Expenses per Audited Statements$17,436,410
Total Expenses per Form 990$17,436,410
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,645
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$7,547,390

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Statewide Communities De2007-02-01$25,300,000Bond proceeds were used to demolish certain existing buildings, construct a

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest statements are signed by trustees annually and reviewed by management.

Form 990, Page 6, Part VI, Line 15A

Board of trustees determines compensation for the top official based on comparable salaries in the local area.

Form 990, Page 6, Part VI, Line 15B

Board of trustees determines compensation for all officers and key employees, based on comparable salaries in the local area.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Hollenbeck Palms
EIN
71-0876594
Phone
3232636195
Address
573 SOUTH BOYLE AVENUE, LOS ANGELES, CA 90033

Signing Officer

Name
Morris Shockley
Title
CFO
Phone
3232636195
Signed
2016-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morris Shockley
Formed
2001
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
230

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Timothy D Evans CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Hollenbeck palms is committed to providing a residence for those in the later years of their lives that encompasses a healthy environment of comfort, safety, and enjoyment; that attends to their physical, mental, and spiritual needs; and that is quick to respond to and assist in those needs whether immediate or long term, and to do so with great compassion, honesty, dignity and genuine love.

Form 990, Part XI, Line 9

Unrealized gain / (loss) on investments 846,012 change in pension liability -574,119 pledges discount -15,541 total 256,352

Financial Statement Notes

Schedule D, Page 3, Part X

Hollenbeck palms has evaluated its tax positions and the certainty as to whether those postions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the continued qualification as a tax-exempt organization and whether there are unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not (greater than 50%) of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

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IRS990/MissionDesc0HOLLENBECK PALMS IS COMMITTED TO PROVIDING A RESIDENCE FOR THOSE IN THE LATER YEARS OF THEIR LIVES THAT ENCOMPASSES A HEALTHY ENVIRONMENT OF COMFORT, SAFETY, AND ENJOYMENT; THAT ATTENDS TO THEIR PHYSICAL, MENTAL, AND SPIRITUAL NEEDS; AND THAT IS QUICK TO RESPOND TO AND ASSIST IN THOSE NEEDS WHETHER IMMEDIATE OR LONG TERM, AND TO DO SO WITH GREAT COMPASSION, HONESTY, DIGNITY AND GENUINE LOVE.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.2$39.2$47.0$26.5$25.7$0.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.8$41.4$46.4$25.0$23.7$1.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.8$41.9$45.0$21.5$20.5$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.6$40.9$50.7$22.4$19.9$2.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.6$41.9$41.6$18.3$18.8$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.5$39.7$45.8$17.2$17.6$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.1$40.0$46.1$18.8$17.2$1.53
2017Detailed filing. Detailed filing data is available for this year.$85.4$40.2$45.3$17.3$17.4$0.13
2016Detailed filing. Detailed filing data is available for this year.$87.2$42.4$44.8$18.4$17.4$0.99
2015Detailed filing. Detailed filing data is available for this year.$88.6$45.1$43.5$17.7$16.7$0.99
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.3$36.1$44.3$17.6$16.3$1.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.1$37.6$40.5$20.2$16.1$4.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.4$41.7$33.6$16.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.1$43.0$33.0$15.6