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Nonprofiteer
← MONTECITO RETIREMENT ASSOCIATION

Form 990 for tax year 2024

Filed by MONTECITO RETIREMENT ASSOCIATION.

Totals

Total revenue
$41,810,617
Total expenses
$40,551,081
Contributions and grants received
$1,068,120
Grants paid
$93,683
Program service revenue
$39,371,335
Investment income
$1,344,696
Other revenue
$26,466
Total assets, end of year
$162,333,540
Total liabilities, end of year
$121,603,204
Net assets or fund balances, end of year
$40,730,336
Program services expenses (Part IX)
$35,378,525
Management and general expenses
$4,947,606
Fundraising expenses
$224,950
Program service expenses (Part III)
$35,378,525

Program services were 87.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,068,120

  • 1g · Noncash contributions included above

    $51,555

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $38,097,257 · related or exempt $38,097,257

  • 2b · Program service revenue: SERVICE INCOME

    total $1,274,078 · related or exempt $1,274,078

  • 3 · Investment income

    total $1,355,908 · excluded $1,355,908

  • 7a · Gross sales of assets other than inventory

    securities $59,923

  • 7b · Less cost or other basis and sales expenses

    securities $61,204 · other assets $9,931

  • 7c · Gain or loss

    securities -$1,281 · other assets -$9,931

  • 7d · Net gain or loss

    total -$11,212 · related or exempt -$11,212

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $26,466 · related or exempt $26,466

  • 11e · Other revenue, total

    $26,466

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $93,683 · program services $93,683

  • 5 · Compensation of officers, directors and key employees

    total $1,561,165 · management and general $1,561,165

  • 7 · Other salaries and wages

    total $15,038,136 · program services $13,953,340 · management and general $950,945 · fundraising $133,851

  • 8 · Pension plan contributions

    total $986,548 · program services $762,929 · management and general $209,640 · fundraising $13,979

  • 9 · Other employee benefits

    total $2,991,666 · program services $2,319,422 · management and general $640,351 · fundraising $31,893

  • 10 · Payroll taxes

    total $1,272,494 · program services $1,071,397 · management and general $191,331 · fundraising $9,766

  • 11g · Fees: other

    total $427,668 · program services $121,179 · management and general $306,489

  • 20 · Interest

    total $571,134 · program services $563,666 · management and general $7,192 · fundraising $276

  • 22 · Depreciation, depletion and amortization

    total $6,742,045 · program services $6,653,883 · management and general $84,902 · fundraising $3,260

  • 23 · Insurance

    total $1,768,750 · program services $1,745,621 · management and general $22,274 · fundraising $855

  • 24a · Other expenses: FOOD PURCHASES

    total $2,418,756 · program services $2,404,817 · management and general $12,361 · fundraising $1,578

  • 24b · Other expenses: UTILITIES

    total $1,591,951 · program services $1,571,133 · management and general $20,048 · fundraising $770

  • 24c · Other expenses: OTHER MEDICAL SERVICES

    total $1,244,946 · program services $1,244,946

  • 24d · Other expenses: SUPPLIES

    total $903,695 · program services $826,211 · management and general $75,694 · fundraising $1,790

  • 24e · All other expenses

    total $2,938,444 · program services $2,046,298 · management and general $865,214 · fundraising $26,932

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,373,880 · end of year $8,977,115

  • 3 · Pledges and grants receivable

    beginning of year $2,088,508 · end of year $1,680,441

  • 4 · Accounts receivable

    beginning of year $2,280,500 · end of year $2,560,720

  • 7 · Other notes and loans receivable

    beginning of year $897,879 · end of year $474,168

  • 8 · Inventories for sale or use

    beginning of year $222,363 · end of year $266,522

  • 9 · Prepaid expenses and deferred charges

    beginning of year $846,277 · end of year $1,017,369

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

    $176,365,878

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

    $63,837,105

  • 10c · Land, buildings and equipment, net

    beginning of year $113,396,999 · end of year $112,528,773

  • 11 · Investments: publicly traded securities

    beginning of year $28,506,957 · end of year $34,182,640

  • 15 · Other assets

    beginning of year $514,579 · end of year $645,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,484,189 · end of year $4,914,132

  • 19 · Deferred revenue

    beginning of year $2,107,331 · end of year $2,272,121

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,297,670 · end of year $13,299,113

  • 24 · Unsecured notes and loans payable

    beginning of year $3,911,437 · end of year $3,327,369

  • 25 · Other liabilities

    beginning of year $94,612,687 · end of year $97,790,469

  • 27 · Net assets without donor restrictions

    beginning of year $35,435,792 · end of year $38,562,515

  • 28 · Net assets with donor restrictions

    beginning of year $2,278,836 · end of year $2,167,821

Mission and programs · 2024

Mission

THE MISSION OF THE MONTECITO RETIREMENT ASSOCIATION IS TO OPERATE AT CASA DORINDA A LIFECARE PROGRAM WITH A COMMITMENT TO EXCELLENCE IN THE QUANTITY AND QUALITY OF ITS SERVICES SO THAT ITS RESIDENTS MAY CONTINUE TO LIVE THEIR LIVES WITH DIGNITY, SECURITY AND AS INDEPENDENTLY AND FULLY AS THEY ARE ABLE.

Activities or mission (Part I)

THE MONTECITO RETIREMENT ASSOCIATION OPERATES CASA DORINDA, A CCRC LIFECARE RETIREMENT COMMUNITY IN MONTECITO, CALIFORNIA.

  • CASA DORINDA PROVIDES THREE LEVELS OF CARE AND SERVICE TO ITS RESIDENTS. THE MEDICAL CENTER PROVIDES NURSING SERVICES IN ITS 52-BED SKILLED NURSING FACILITY. IN 2024, THE MEDICAL CENTER SERVED AN AVERAGE OF 34 RESIDENTS PER DAY, 10 ON A TEMPORARY BASIS AND 24 REQUIRING PERMANENT CARE. AN AVERAGE OF 34 RESIDENTS RECEIVED ASSISTANCE WITH DAILY LIVING ACTIVITIES IN THE PERSONAL AND MEMORY CARE BUILDING. IN RESIDENTIAL LIVING, APPROXIMATELY 314 SENIORS RECEIVED HOUSING AND HOSPITALITY SERVICES, ALONG WITH SUPPORTIVE AND INTERMITTENT CARE DELIVERED THROUGH THE ON-SITE CLINIC AND IN-HOME SUPPORTIVE STAFF.

    Expenses $35,378,525 · Grants $93,683 · Revenue $39,386,589

  • OTHER SERVICES OFFERED TO SENIORS ON THE CASA DORINDA CAMPUS INCLUDE: DINING, MAINTENANCE, HOUSEKEEPING, SECURITY, LIFE ENRICHMENT, HEALTH AND FITNESS ACTIVITIES, THERAPIES, SOCIAL AND ADMINISTRATIVE SERVICES. ALL OF THESE PROGRAMS, INCLUDING THE THREE LARGEST, ARE WITHIN THE UMBRELLA OF CONTINUING CARE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Ramona Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katina Zaninovich

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Stephen Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher J Toomey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian McCague

    CEO

    Total calculated
    $590,658
    From this org
    $533,270
    From related orgs
    $0
    Other
    $57,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,112
    Bonus
    $101,150
    Other
    $60,008
    Deferred
    $34,500
    Nontaxable benefits
    $22,888
    Filer's total
    $590,658

  • David Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matt Brown

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Jeffrey Kupperman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana Lovan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andy Gifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barkley Kern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James McFarlane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sena Woodall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Fellows

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Glynn Caberte

    CFO

    Total calculated
    $268,361
    From this org
    $233,104
    From related orgs
    $0
    Other
    $35,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,007
    Bonus
    $29,097
    Other
    $0
    Deferred
    $23,820
    Nontaxable benefits
    $11,437
    Filer's total
    $268,361

  • Therese Brown

    SENIOR DIRECTOR MEDICAL OP

    Total calculated
    $232,371
    From this org
    $200,987
    From related orgs
    $0
    Other
    $31,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,633
    Bonus
    $24,354
    Other
    $0
    Deferred
    $20,330
    Nontaxable benefits
    $11,054
    Filer's total
    $232,371

  • Alan Blaver

    SENIOR DIRECTOR GENERAL OP

    Total calculated
    $233,733
    From this org
    $202,329
    From related orgs
    $0
    Other
    $31,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,289
    Bonus
    $26,040
    Other
    $0
    Deferred
    $20,350
    Nontaxable benefits
    $11,054
    Filer's total
    $233,733

  • Nicole Ramirez

    SENIOR DIRECTOR OF RESIDEN

    Total calculated
    $236,044
    From this org
    $198,268
    From related orgs
    $0
    Other
    $37,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,228
    Bonus
    $26,040
    Other
    $0
    Deferred
    $20,634
    Nontaxable benefits
    $17,142
    Filer's total
    $236,044

  • Katie M Hoegh-Guldberg

    DIRECTOR OF MARKETING

    Total calculated
    $180,899
    From this org
    $163,026
    From related orgs
    $0
    Other
    $17,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,251
    Bonus
    $2,775
    Other
    $0
    Deferred
    $16,351
    Nontaxable benefits
    $1,522
    Filer's total
    $180,899

  • Margaret Stevens

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $161,136
    From this org
    $144,888
    From related orgs
    $0
    Other
    $16,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,479
    Bonus
    $8,409
    Other
    $0
    Deferred
    $14,726
    Nontaxable benefits
    $1,522
    Filer's total
    $161,136

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SUBSIDIZED HEALTH CLUB DUES ARE PROVIDED FOR ALL EMPLOYEES. HOUSING IS INCLUDED AS PART OF THE CEO'S EMPLOYMENT CONTRACT.
PART I, LINE 6
ONE CRITERIA OF THE DIRECTOR AND SENIOR DIRECTOR BONUS CALCULATION IS BASED ON FINANCIAL PERFORMANCE.

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513169349308476

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