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← UNIVERSITY RETIREMENT COMMUNITY AT DAVIS INC

Form 990 for tax year 2024

Filed by UNIVERSITY RETIREMENT COMMUNITY AT DAVIS INC.

Totals

Total revenue
$38,971,973
Total expenses
$33,206,913
Contributions and grants received
$552,146
Grants paid
$463,633
Program service revenue
$36,845,935
Investment income
$1,703,811
Other revenue
-$129,919
Total assets, end of year
$190,264,441
Total liabilities, end of year
$132,275,969
Net assets or fund balances, end of year
$57,988,472
Program services expenses (Part IX)
$26,730,101
Management and general expenses
$6,476,812
Fundraising expenses
$0
Program service expenses (Part III)
$26,730,101

Program services were 80.5% 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

    $552,146

  • 2a · Program service revenue: SERVICE FEES

    total $20,920,162 · related or exempt $20,920,162

  • 2b · Program service revenue: HEALTH CENTER

    total $8,121,618 · related or exempt $8,121,618

  • 2c · Program service revenue: ENTRANCE FEES

    total $7,121,786 · related or exempt $7,121,786

  • 2d · Program service revenue: ALL OTHER

    total $501,475 · related or exempt $501,475

  • 2e · Program service revenue: LEVEL OF CARE

    total $177,962 · related or exempt $177,962

  • 2f · All other program service revenue

    total $2,932 · related or exempt $2,932

  • 3 · Investment income

    total $1,517,995 · excluded $1,517,995

  • 7a · Gross sales of assets other than inventory

    securities $4,823,569

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

    securities $4,248,543 · other assets $389,210

  • 7c · Gain or loss

    securities $575,026 · other assets -$389,210

  • 7d · Net gain or loss

    total $185,816 · excluded $185,816

  • 11a · Other revenue: LOSS ON DEBT EXTING.

    total -$129,919 · excluded -$129,919

  • 11e · Other revenue, total

    -$129,919

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $463,633 · program services $463,633

  • 5 · Compensation of officers, directors and key employees

    total $465,784 · management and general $465,784

  • 7 · Other salaries and wages

    total $10,434,911 · program services $8,974,023 · management and general $1,460,888

  • 8 · Pension plan contributions

    total $256,005 · program services $220,164 · management and general $35,841

  • 9 · Other employee benefits

    total $2,577,495 · program services $2,216,646 · management and general $360,849

  • 10 · Payroll taxes

    total $822,465 · program services $707,320 · management and general $115,145

  • 11a · Fees: management

    total $2,481,863 · management and general $2,481,863

  • 11c · Fees: accounting

    total $20,300 · management and general $20,300

  • 11f · Fees: investment management

    total $120,284 · management and general $120,284

  • 11g · Fees: other

    total $1,381,996 · program services $1,188,517 · management and general $193,479

  • 12 · Advertising and promotion

    total $152,787 · management and general $152,787

  • 13 · Office expenses

    total $790,000 · program services $521,068 · management and general $268,932

  • 14 · Information technology

    total $127,876 · management and general $127,876

  • 16 · Occupancy

    total $2,765,891 · program services $2,650,626 · management and general $115,265

  • 17 · Travel

    total $92,573 · management and general $92,573

  • 19 · Conferences, conventions and meetings

    total $27,507 · management and general $27,507

  • 20 · Interest

    total $898,975 · program services $898,975

  • 22 · Depreciation, depletion and amortization

    total $5,539,134 · program services $5,539,134

  • 23 · Insurance

    total $332,646 · program services $332,646

  • 24a · Other expenses: OTHER DIETARY EXPENSE

    total $1,436,828 · program services $1,436,828

  • 24b · Other expenses: HEALTH CENTER EXPENSE

    total $1,155,086 · program services $1,155,086

  • 24c · Other expenses: OTHER FACILITY SERVICE

    total $558,935 · program services $121,496 · management and general $437,439

  • 24d · Other expenses: PROGRAM FUND EXPENSES

    total $303,939 · program services $303,939

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,666,820 · end of year $7,063,665

  • 2 · Savings and temporary cash investments

    beginning of year $214,789 · end of year $39,621,566

  • 4 · Accounts receivable

    beginning of year $982,432 · end of year $839,296

  • 8 · Inventories for sale or use

    beginning of year $76,676 · end of year $130,830

  • 9 · Prepaid expenses and deferred charges

    beginning of year $326,803 · end of year $368,857

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

    $171,657,697

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

    $70,205,400

  • 10c · Land, buildings and equipment, net

    beginning of year $73,657,627 · end of year $101,452,297

  • 11 · Investments: publicly traded securities

    beginning of year $42,365,512 · end of year $40,787,930

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,968,377 · end of year $6,638,681

  • 19 · Deferred revenue

    beginning of year $45,035,074 · end of year $47,494,186

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,752,031 · end of year $74,134,802

  • 25 · Other liabilities

    beginning of year $3,781,775 · end of year $4,008,300

  • 27 · Net assets without donor restrictions

    beginning of year $48,558,371 · end of year $57,042,562

  • 28 · Net assets with donor restrictions

    beginning of year $1,195,031 · end of year $945,910

Mission and programs · 2024

Mission

UNIVERSITY RETIREMENT COMMUNITY AT DAVIS PROVIDES CONTINUING CARE, QUALITY SERVICES, AND DIVERSE OPPORTUNITIES THAT ENHANCE THE LIVES OF OUR RESIDENTS.

Activities or mission (Part I)

TO PROVIDE CARE AND HOUSING FOR THE ELDERLY.

  • UNIVERSITY RETIREMENT COMMUNITY AT DAVIS IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING.

    Expenses $26,730,101 · Grants $463,633 · Revenue $36,845,935

As filed on the 2024 return.

Listed in Part VII

  • Bob Kerr

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dennis Lindsay

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Youmans

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kim Eichorn

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joannie Cavanaugh

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tess Compton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Nitzkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kurt Schrader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raquel Silva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alika Castillo

    EXECUTIVE DIRECTOR

    Total calculated
    $385,388
    From this org
    $330,954
    From related orgs
    $0
    Other
    $54,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,573
    Bonus
    $40,381
    Other
    $0
    Deferred
    $42,088
    Nontaxable benefits
    $12,346
    Filer's total
    $385,388

  • Troy Martin

    DIRECTOR OF SALES

    Total calculated
    $243,356
    From this org
    $211,675
    From related orgs
    $0
    Other
    $31,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,175
    Bonus
    $69,500
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $17,181
    Filer's total
    $243,356

  • Maria Burton

    ADMINISTRATOR

    Total calculated
    $224,008
    From this org
    $182,607
    From related orgs
    $0
    Other
    $41,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,771
    Bonus
    $14,836
    Other
    $0
    Deferred
    $14,575
    Nontaxable benefits
    $26,826
    Filer's total
    $224,008

  • Francisco Dera

    SALES COUNSELOR

    Total calculated
    $187,787
    From this org
    $164,749
    From related orgs
    $0
    Other
    $23,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,649
    Bonus
    $79,100
    Other
    $0
    Deferred
    $7,181
    Nontaxable benefits
    $15,857
    Filer's total
    $187,787

  • Mark Massey

    DIRECTOR OF FACILITY SERVICES

    Total calculated
    $182,271
    From this org
    $162,698
    From related orgs
    $0
    Other
    $19,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,873
    Bonus
    $6,825
    Other
    $0
    Deferred
    $2,660
    Nontaxable benefits
    $16,913
    Filer's total
    $182,271

  • Cecilia Binamira

    DIRECTOR OF NURSING

    Total calculated
    $172,999
    From this org
    $145,466
    From related orgs
    $0
    Other
    $27,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,048
    Bonus
    $12,418
    Other
    $0
    Deferred
    $10,620
    Nontaxable benefits
    $16,913
    Filer's total
    $172,999

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

  • 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
COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC. AND APPROVED BY UNIVERSITY RETIREMENT COMMUNITY AT DAVIS'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES THIS YEAR. THE PROCESS FOR DETERMINING EXECUTIVE BONUSES IS DISCRETIONARY. IT IS DETERMINED BY THE VP OF OPERATIONS FOR PRS AND IT IS BASED ON THE PERFORMANCE OF THE COMMUNITY FOR THE YEAR.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202622249349301902

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