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Nonprofiteer
← KENDAL AT VENTURA

Form 990 for tax year 2023

Filed by KENDAL AT VENTURA.

Totals

Total revenue
$0
Total expenses
$1,909,400
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$28,968,948
Total liabilities, end of year
$30,878,348
Net assets or fund balances, end of year
-$1,909,400
Program services expenses (Part IX)
$0
Management and general expenses
$1,909,400
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.

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $1,569,070 · management and general $1,569,070

  • 13 · Office expenses

    total $340,330 · management and general $340,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $33,220

  • 9 · Prepaid expenses and deferred charges

    end of year $40,895

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

    $16,137,268

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $16,137,268

  • 15 · Other assets

    beginning of year $0 · end of year $12,757,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $3,172,404

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $27,398,944

  • 25 · Other liabilities

    beginning of year $0 · end of year $307,000

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year -$1,909,400

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ESTABLISHING, MAINTAINING, OPERATING, AND MANAGING A LIFE PLAN COMMUNITY IN SIMI VALLEY, CALIFORNIA. DURING 2023 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 AGING 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 2023 THE PROPERTY IS IN DEVELOPMENT.

As filed on the 2023 return.

Listed in Part VII

  • Paul Keunstner

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Laura Geller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Laurie Sowd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Bill Benson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Joan Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Susan O'Connell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Nancy Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Amy C Harrison

    CHIEF FINANCIAL OFFICER

    Total calculated
    $487,458
    From this org
    $0
    From related orgs
    $441,717
    Other
    $45,741
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,475 related
    Bonus
    $0
    Other
    $0 + $1,242 related
    Deferred
    $0 + $5,238 related
    Nontaxable benefits
    $0 + $40,503 related
    Filer's total
    $0 + $487,458 related

  • Stephen Bailey

    CHIEF STRATEGY OFFICER

    Total calculated
    $353,033
    From this org
    $0
    From related orgs
    $324,424
    Other
    $28,609
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,860 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $16,761 related
    Nontaxable benefits
    $0 + $11,848 related
    Filer's total
    $0 + $353,033 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
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202432979349301673

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