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Nonprofiteer
← KENDAL AT VENTURA

Form 990 for tax year 2025

Filed by KENDAL AT VENTURA.

Totals

Total revenue
$18,323
Total expenses
$3,041,491
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,723
Other revenue
$15,600
Total assets, end of year
$45,293,849
Total liabilities, end of year
$52,845,605
Net assets or fund balances, end of year
-$7,551,756
Program services expenses (Part IX)
$0
Management and general expenses
$3,041,491
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,723 · excluded $2,723

  • 11a · Other revenue: APPLICATION PROCESSING

    total $15,600 · excluded $15,600

  • 11e · Other revenue, total

    $15,600

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $225,000 · management and general $225,000

  • 11g · Fees: other

    total $30,688 · management and general $30,688

  • 12 · Advertising and promotion

    total $2,560,018 · management and general $2,560,018

  • 13 · Office expenses

    total $20,575 · management and general $20,575

  • 17 · Travel

    total $24,203 · management and general $24,203

  • 22 · Depreciation, depletion and amortization

    total $175,599 · management and general $175,599

  • 23 · Insurance

    total $2,742 · management and general $2,742

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $2,666 · management and general $2,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,396 · end of year $112,243

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,549 · end of year $10,919

  • 10a · Land, buildings and equipment: cost or other basis

    $27,111,699

  • 10b · Land, buildings and equipment: accumulated depreciation

    $219,401

  • 10c · Land, buildings and equipment, net

    beginning of year $22,377,791 · end of year $26,892,298

  • 15 · Other assets

    beginning of year $15,964,526 · end of year $18,278,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,486,263 · end of year $9,767,801

  • 20 · Tax-exempt bond liabilities

    beginning of year $27,764,871 · end of year $28,130,798

  • 25 · Other liabilities

    beginning of year $8,769,716 · end of year $14,947,006

  • 27 · Net assets without donor restrictions

    beginning of year -$4,528,588 · end of year -$7,551,756

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ESTABLISHING, MAINTAINING, OPERATING, AND MANAGING A LIFE PLAN COMMUNITY IN SIMI VALLEY, CALIFORNIA. DURING 2025 THE PROPERTY IS IN DEVELOPMENT.

Activities or mission (Part I)

DEVELOP AND OPERATE A SENIOR LIVING COMMUNITY DESIGNED TO FURTHER THE IDEALS AND MISSION OF THE KENDAL CORPORATION AND SAN FRANCISCO ZEN CENTER IN SIMI VALLEY.

  • THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ESTABLISHING, MAINTAINING, OPERATING, AND MANAGING A LIFE PLAN COMMUNITY IN SIMI VALLEY, CALIFORNIA. DURING 2025 THE PROPERTY IS IN DEVELOPMENT.

As filed on the 2025 return.

Listed in Part VII

  • Paul Kuenstner

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Susan O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Laurie Sowd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bill Benson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Joan Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Nancy Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dennis Russell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Laura Geller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Vassar Byrd

    CEO

    Total calculated
    $463,876
    From this org
    $0
    From related orgs
    $438,836
    Other
    $25,040
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,836 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $11,840 related
    Filer's total
    $0 + $463,876 related

  • Amy C Harrison

    CFO

    Total calculated
    $404,757
    From this org
    $0
    From related orgs
    $340,589
    Other
    $64,168
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,024 related
    Bonus
    $0
    Other
    $0 + $32,565 related
    Deferred
    $0 + $20,883 related
    Nontaxable benefits
    $0 + $43,285 related
    Filer's total
    $0 + $404,757 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CEO COMPENSATION AND BONUS, IF ANY, IS DETERMINED BY THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF DIRECTORS.
PART I, LINE 7
RETENTION BONUS PAID TO CERTAIN KEY EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • KENDAL AGING

    501(C)(3) · ESTABLISH AND SUPPORT SENIOR LIVING SERVICES AND COMMUNITIES · CA

    Directly controlled by THE KENDAL CORPORATION

  • THE KENDAL CORPORATION

    501(C)(3) · SUPPORT A NETWORK OF SENIOR LIVING SERVICES AND COMMUNITIES · PA

Provenance

Return type
form_990
Tax year
2025
Filed
18 September 2026
IRS schema version
2025v4.2
Source object
202642669349300234

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