Civic Intelligence

The California Home for the Aged Inc

EIN 94-1193572 • 501(c)3 • Fresno, CA

Profile

The california home for the aged, inc. Provides quality care with love and compassion in the serenity of the countryside to those in need of skilled nursing services and residential care services.

6720 E Kings Canyon RdFresno, CA 93727

californiaarmenianhome.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.45x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

74th percentile

0.90x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

31st percentile

-0.4%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

64th percentile

$464,332

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

45th percentile

4.6%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Down

$62,993,271

Down $1,327,976 (-2.1%) from 2022

Liabilities

Down

$26,439,094

Down $564,019 (-2.1%) from 2022

Net Assets

Down

$36,554,177

Down $763,957 (-2.0%) from 2022

Revenue

Up

$26,818,664

Up $806,637 (+3.1%) from 2022

Expenses

Up

$27,459,902

Up $2,188,211 (+8.7%) from 2022

Net Income

Down

-$641,238

Down $1,381,574 (-187%) from 2022

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $16,333,835Liabilities 2010: $851,177Net Assets 2010: $15,482,6582010Assets 2011: $17,902,953Liabilities 2011: $812,366Net Assets 2011: $17,090,5872011Assets 2012: $19,088,216Liabilities 2012: $884,065Net Assets 2012: $18,204,1512012Assets 2013: $22,169,204Liabilities 2013: $837,416Net Assets 2013: $21,331,7882013Assets 2014: $23,278,292Liabilities 2014: $888,196Net Assets 2014: $22,390,0962014Assets 2015: $23,925,001Liabilities 2015: $1,323,594Net Assets 2015: $22,601,4072015Assets 2016: $27,614,583Liabilities 2016: $1,426,697Net Assets 2016: $26,187,8862016Assets 2017: $50,493,747Liabilities 2017: $14,105,025Net Assets 2017: $36,388,7222017Assets 2018: $61,442,354Liabilities 2018: $26,972,505Net Assets 2018: $34,469,8492018Assets 2019: $59,463,734Liabilities 2019: $26,243,308Net Assets 2019: $33,220,4262019Assets 2020: $65,674,289Liabilities 2020: $29,822,614Net Assets 2020: $35,851,6752020Assets 2021: $63,434,521Liabilities 2021: $26,737,373Net Assets 2021: $36,697,1482021Assets 2022: $64,321,247Liabilities 2022: $27,003,113Net Assets 2022: $37,318,1342022Assets 2023: $62,993,271Liabilities 2023: $26,439,094Net Assets 2023: $36,554,1772023

Highlighted filing

2023

Assets$62,993,271
Liabilities$26,439,094
Net Assets$36,554,177

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $9,223,1382010Expenses 2011: $10,239,7352011Expenses 2012: $10,552,2372012Expenses 2013: $11,069,3052013Revenue 2014: $12,039,339Expenses 2014: $10,981,031Net Income 2014: $1,058,3082014Revenue 2015: $11,270,962Expenses 2015: $11,059,651Net Income 2015: $211,3112015Revenue 2016: $15,594,128Expenses 2016: $11,936,537Net Income 2016: $3,657,5912016Revenue 2017: $23,529,429Expenses 2017: $13,738,911Net Income 2017: $9,790,5182017Revenue 2018: $13,087,007Expenses 2018: $16,140,536Net Income 2018: -$3,053,5292018Revenue 2019: $19,110,164Expenses 2019: $20,580,718Net Income 2019: -$1,470,5542019Revenue 2020: $24,052,628Expenses 2020: $21,499,547Net Income 2020: $2,553,0812020Revenue 2021: $22,577,173Expenses 2021: $22,312,575Net Income 2021: $264,5982021Revenue 2022: $26,012,027Expenses 2022: $25,271,691Net Income 2022: $740,3362022Revenue 2023: $26,818,664Expenses 2023: $27,459,902Net Income 2023: -$641,2382023

Highlighted filing

2023

Revenue$26,818,664
Expenses$27,459,902
Net Income-$641,238

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$63.0$26.4$36.6$26.8$27.5$0.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.3$27.0$37.3$26.0$25.3$0.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.4$26.7$36.7$22.6$22.3$0.26
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$29.8$35.9$24.1$21.5$2.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.5$26.2$33.2$19.1$20.6$1.47
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$27.0$34.5$13.1$16.1$3.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.5$14.1$36.4$23.5$13.7$9.79
2016Detailed filing. Detailed filing data is available for this year.$27.6$1.43$26.2$15.6$11.9$3.66
2015Detailed filing. Detailed filing data is available for this year.$23.9$1.32$22.6$11.3$11.1$0.21
2014Detailed filing. Detailed filing data is available for this year.$23.3$0.89$22.4$12.0$11.0$1.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$0.84$21.3$11.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$0.88$18.2$10.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$0.81$17.1$10.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.85$15.5$9.22
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 17, 2023
Return Version
2021v4.2
Gross Receipts
$26,311,478
Mission and Program Overview

Mission

Building on the legacy and vision of our founders, the california armenian home, as a progressively lead non-profit community, is committed to provide a one-of-a-kind, people centered, planned senior community to serve all levels of senior living with extraordinary lifestyle experiences, compassionate care and gracious hospitality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,832,863$48,924,344▲ $8,091,481
Savings and Temporary Cash Investments$10,142,979$4,975,101▼ $5,167,878
Pledges and Grants Receivable-$4,000,000-
Investments in Publicly Traded Securities$4,587,069$2,990,055▼ $1,597,014
Accounts Receivable$1,708,601$1,622,056▼ $86,545
Cash and Non-Interest-Bearing Accounts$3,192,324$620,991▼ $2,571,333
Inventories for Sale or Use-$182,603-
Prepaid Expenses and Deferred Charges$310,490$142,687▼ $167,803
Total Assets$63,434,521$64,321,247▲ $886,726
Other Assets Total$2,660,195$863,410▼ $1,796,785
Liabilities
Tax Exempt Bond Liabilities$24,292,416$23,725,428▼ $566,988
Accounts Payable and Accrued Expenses$1,887,760$2,650,558▲ $762,798
Other Liabilities$476,269$568,272▲ $92,003
Unsecured Notes Loans Payable$80,928$58,855▼ $22,073
Total Liabilities$26,737,373$27,003,113▲ $265,740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,111,661$34,849,242▲ $737,581
Net Assets With Donor Restrictions$2,585,487$2,468,892▼ $116,595
Total Net Assets Fund Balance$36,697,148$37,318,134▲ $620,986
Total Liabilities and Net Assets / Fund Balance$63,434,521$64,321,247▲ $886,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,038,838$13,242,533$47,281,371
Other Land Buildings$11,977,472$3,646,610$15,624,082
Equipment$2,863,333$2,321,011$5,184,344
Land$44,701-$44,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angelica Cruz UlloaLvnFT$166,224$4,018$170,242
Michelle LawrenceAdministrator (thru February)FT$143,208$1,811$145,019
Paul RochaExecutive DirectorFT$136,298$2,030$138,328
Terry AndersenControllerFT$135,000$2,598$137,598
Nichole MartinDirector of NursingFT$127,367$876$128,243
Mary BattadExecutive Director of HrFT$121,135$1,750$122,885
Brenda RamshawDirector of Sales & MarketFT$114,688$3,853$118,541
Esther MedranoLvnFT$108,773$7,100$115,873
George JuarezRcfe Executive DirectorFT$81,632$3,654$85,286

Board Members and Trustees

NameTitle
Luci K GraysonPresident
Mitch BagdasarianVice President
Aharon DavoyanDirector
Edward HokokianDirector
Gary KrboyanDirector
Mary BraaDirector
Michael HanniganDirector
Robert MangasarianDirector
Steve ShahbazianDirector
Varoujan Der SimonianDirector
Margaret TeherianDirector (thru Sept)
Jack KazanjianResident Director
Gloria TolladayResident Representative
Georgia SampleSecretary
Mary Lou BagdasarianSecretary (thru March)
Vahagn BznouniTreasurer
Lyman EhlrichVoting Resident (thru Jan)

Highest Paid Contractors

ContractorServicesLocationCompensation
Patton Air ConditioningHvac Contractor272 N PALM AVE, Fresno, CA 93701$2,255,020
Nexgeneral Construction LLCGeneral Contractor7959 W HERNDON, Fresno, CA 93723$1,385,501
L & J TelesmanicGeneral Contractor7065 N CHESTNUT 1301, Fresno, CA 93720$1,112,282
John C Genito ConstructionGeneral Contractor7959 W HERNDON, Fresno, CA 93723$892,260
Quiring General LLCGeneral Contractor5118 E CLINTON WAY SUITE 201, Fresno, CA 93727$477,230
Revenue and Support

Revenue Composition

Contributions and Grants
$5,606,618
Program Service Revenue
$20,473,272
Investment Income
$-73,397
Other Revenue
$5,534
All Other Contributions
$5,148,242
Change in Net Assets
$740,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,036,813
Revenue Not Reported on Financial Statements
$-24,786
Revenue Not Reported on Form 990
$-119,350
Other Revenue Adjustments
$-24,786
Total Revenue per Audited Statements
$25,917,463
Total Revenue per Form 990
$26,012,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,116,413
Other Expenses$12,155,278
Total Fundraising Expense$34,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,250,205$375,631-$9,625,836
Depreciation Depletion$2,200,611$91,692-$2,292,303
Other Employee Benefits$1,707,292$320,198-$2,027,490
Fees for Services Other$862,253$315,023-$1,177,276
Interest$1,116,912$40,927-$1,157,839
Occupancy$1,010,422$42,101-$1,052,523
All Other Expenses$533,343$349,166$34,056$916,565
Payroll Taxes$755,731$101,130-$856,861
Current Officers, Directors, Trustees, and Key Employees$60,623$545,603-$606,226
Insurance$62,429$421,851-$484,280
Fees for Services Legal-$367,813-$367,813
Other Expenses$882,858$297,250-$297,250
Fees for Services Management-$261,395-$261,395
Information Technology-$237,636-$237,636
Office Expenses-$180,829-$180,829
Fees for Services Accounting-$141,438-$141,438
Advertising-$40,109-$40,109
Travel$4,739$4,056-$8,795
Total Functional Expenses$21,034,085$4,203,550$34,056$25,271,691

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,296,477
Expenses per Audited Statements$25,271,691
Total Expenses per Form 990$25,271,691
Expenses Not Reported on Form 990$24,786
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,320
Fundraising Direct Expenses$24,786
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Aacl Hall Fundraiser$30,320$30,320$24,786$5,534
Total Events$30,320$30,320$24,786$5,534
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mary BagdasarianBoard MemberRoom RentalNo$138,352
Jack KazanjianBoard MemberRoom RentalNo$31,907
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Accounts Payable$282,552
Resident Prepayments$181,335
Expansion Deposit Liability$101,866
Patient Trust Funds Liability$2,519

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Municipal Finance Authority2018-11-01$24,660,000Refinance expansion loan, funding debt reserve acct., & paying issuance cost

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$27,306,546$24,452,171$560,000$546,130

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 A, Line 2

Vahagn bznouni, a board member and a treasurer is cousin of aharon davoyan, a board member

Form 990, Part VI, Section A, Line 8B

The home does not have any committee with authority to act on behalf of the governing body.

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

The form 990 is prepared by the home's independent accountant from information provided by management. The form 990 is presented in draft form to the board of directors, the administrator, the business office manager, the controller, and the accountant for review and approval, prior to the form being submitted to the irs.

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

The california home for the aged, inc does have a formal written conflict of interest policy. The board annually evaluates any potential conflicts within its members and key employees and takes the necessary action in the event a conflict is identified. During the year ended may 31, 2022, no conflict of interest arose. Any potential conflicts are reported to the board. Once the board is aware of the potential, the board would discuss a resolution and vote on it.

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

An independent firm performs a competitive wage scale survey annually, which is reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Information regarding the facility's governing documents, conflict of interest policy, financial decisions and annual financial statements that pertain to the facility's financial operation are made available to members of the board and to the general public, upon request.

Filing and Contact Details

Filer

Filer Name
The California Home for the Aged Inc
EIN
94-1193572
Phone
5592518414
Address
6720 E KINGS CANYON RD, FRESNO, CA 93727
Doing Business As
California Armenian Home

Signing Officer

Name
Terry Andersen
Title
Controller
Phone
5592518414
Signed
2023-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Andersen
Formed
1952
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
429
Volunteers
14

Preparer

Firm
Wipfli Llp
Address
7733 FORSYTH BLVD SUITE 1200, ST LOUIS, MO 63105
Preparer
Karyn a Nunn
Phone
3148622070
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection process during the year

Financial Statement Notes

PART X, LINE 2:

The home is a not-for-profit corporation and has been recognized as tax-exempt pursuant to section 501(c)(3) of the internal revenue code and by the california franchise tax board pursuant to section 23701(d) of the revenue and taxation code. The home follows "fasb asc 740-10, income taxes overall". Under that guidance, the home may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the home and positions related to the potential sources of unrelated business taxable income ("ubit"). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The home has assessed its federal and state tax positions and determined that there were no unrelated business income taxes and no uncertainties or possible related effects that need to be recorded as of or for the year ended may 31, 2022.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -24,786.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 24,786.

Raw XML AppendixShowing 400 of 774 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt01622056
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BUILDING ON THE LEGACY AND VISION OF OUR FOUNDERS, THE CALIFORNIA ARMENIAN HOME, AS A PROGRESSIVELY LEAD NON-PROFIT COMMUNITY, IS COMMITTED TO PROVIDE A ONE-OF-A-KIND, PEOPLE CENTERED, PLANNED SENIOR COMMUNITY TO SERVE ALL LEVELS OF SENIOR LIVING WITH EXTRAORDINARY LIFESTYLE EXPERIENCES, COMPASSIONATE CARE AND GRACIOUS HOSPITALITY.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TERRY ANDERSEN
IRS990/BooksInCareOfDetail/PhoneNum05592518414
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IRS990/Desc0THE CALIFORNIA HOME FOR THE AGED, INC., DBA CALIFORNIA ARMENIAN HOME AND DBA THE VINEYARDS, OFFERS SKILLED NURSING, ASSISTED LIVING, MEMORY SUPPORT AND INDEPENDENT LIVING SERVICES TO SENIOR CITIZENS AS A CONTINUING CARE RETIREMENT COMMUNITY. TODAY WE OFFER 119 SKILLED BEDS AND 76 ASSISTED LIVING RESIDENTIAL UNITS, 36 MEMORY SUPPORT ASSISTED LIVING RESIDENTIAL UNITS, 60 INDEPENDENT LIVING APARTMENTS AND 24 INDEPENDENT LIVING VILLAS WITH SERVICES PROVIDED IN A LOVING, CARING, FAMILY-ORIENTED ENVIRONMENT.
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IRS990/Form990PartVIISectionAGrp/PersonNm3TERRY ANDERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4NICHOLE MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY BATTAD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0LVN
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IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF NURSING
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR OF HR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF SALES & MARKET
IRS990/Form990PartVIISectionAGrp/TitleTxt7LVN
IRS990/Form990PartVIISectionAGrp/TitleTxt8RCFE EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/MissionDesc0BUILDING ON THE LEGACY AND VISION OF OUR FOUNDERS, THE CALIFORNIA ARMENIAN HOME, AS A PROGRESSIVELY LEAD NON-PROFIT COMMUNITY, IS COMMITTED TO PROVIDE A ONE-OF-A-KIND, PEOPLE CENTERED, PLANNED SENIOR COMMUNITY TO SERVE ALL LEVELS OF SENIOR LIVING WITH EXTRAORDINARY LIFESTYLE EXPERIENCES, COMPASSIONATE CARE AND GRACIOUS HOSPITALITY.
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IRS990/OtherExpensesGrp/Desc0HEALTHCARE ANCILLARY EX

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