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Nonprofiteer
← VIAMONTE SENIOR LIVING 1 INC

Form 990 for tax year 2024

Filed by VIAMONTE SENIOR LIVING 1 INC.

Totals

Total revenue
$22,788,299
Total expenses
$20,508,481
Contributions and grants received
$421,138
Grants paid
$0
Program service revenue
$20,582,019
Investment income
$1,775,153
Other revenue
$9,989
Total assets, end of year
$213,796,429
Total liabilities, end of year
$216,039,090
Net assets or fund balances, end of year
-$2,242,661
Program services expenses (Part IX)
$16,905,433
Management and general expenses
$3,603,048
Fundraising expenses
$0
Program service expenses (Part III)
$16,905,433

Program services were 82.4% 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.

  • 1d · Related organizations

    $421,138

  • 2a · Program service revenue: RESIDENT FEES

    total $14,008,076 · related or exempt $14,008,076

  • 2b · Program service revenue: AMORT OF ENTRANCE FEES

    total $5,714,038 · related or exempt $5,714,038

  • 2c · Program service revenue: SERVICE FEES

    total $859,905 · related or exempt $859,905

  • 3 · Investment income

    total $1,775,153 · excluded $1,775,153

  • 11a · Other revenue: OTHER INCOME

    total $9,989 · related or exempt $9,989

  • 11e · Other revenue, total

    $9,989

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $131,098 · management and general $131,098

  • 7 · Other salaries and wages

    total $4,092,806 · program services $3,751,968 · management and general $340,838

  • 9 · Other employee benefits

    total $909,706 · program services $786,521 · management and general $123,185

  • 10 · Payroll taxes

    total $311,945 · program services $283,845 · management and general $28,100

  • 11a · Fees: management

    total $150,468 · management and general $150,468

  • 11b · Fees: legal

    total $7,698 · management and general $7,698

  • 11c · Fees: accounting

    total $99,945 · management and general $99,945

  • 11g · Fees: other

    total $3,594,350 · program services $3,448,000 · management and general $146,350

  • 12 · Advertising and promotion

    total $22,137 · program services $22,137

  • 13 · Office expenses

    total $443,941 · program services $398,838 · management and general $45,103

  • 14 · Information technology

    total $298,870 · program services $37,702 · management and general $261,168

  • 16 · Occupancy

    total $1,296,173 · program services $1,236,023 · management and general $60,150

  • 17 · Travel

    total $14,598 · program services $5,823 · management and general $8,775

  • 19 · Conferences, conventions and meetings

    total $43,733 · program services $18,767 · management and general $24,966

  • 20 · Interest

    total $1,868,260 · program services $1,868,260

  • 22 · Depreciation, depletion and amortization

    total $3,364,370 · program services $3,364,370

  • 23 · Insurance

    total $342,669 · management and general $342,669

  • 24a · Other expenses: CORPORATE SERVICES

    total $1,548,444 · management and general $1,548,444

  • 24b · Other expenses: FOOD

    total $959,588 · program services $958,691 · management and general $897

  • 24c · Other expenses: REPAIR AND MAINTENANCE

    total $612,748 · program services $540,349 · management and general $72,399

  • 24d · Other expenses: OTHER EXPENSES

    total $166,117 · program services $91,538 · management and general $74,579

  • 24e · All other expenses

    total $228,817 · program services $92,601 · management and general $136,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,682,983 · end of year $29,785,674

  • 2 · Savings and temporary cash investments

    beginning of year $7,377,136 · end of year $7,467,011

  • 3 · Pledges and grants receivable

    beginning of year $580,643 · end of year $2,940,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,791 · end of year $9,398

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

    $187,483,937

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

    $13,889,635

  • 10c · Land, buildings and equipment, net

    beginning of year $176,125,687 · end of year $173,594,302

  • 11 · Investments: publicly traded securities

    beginning of year $760,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,416,643 · end of year $2,437,695

  • 20 · Tax-exempt bond liabilities

    beginning of year $45,238,451 · end of year $44,128,336

  • 21 · Escrow or custodial account liability

    beginning of year $1,200,060 · end of year $0

  • 25 · Other liabilities

    beginning of year $172,201,485 · end of year $169,473,059

  • 27 · Net assets without donor restrictions

    beginning of year -$4,522,479 · end of year -$2,242,661

Mission and programs · 2024

Mission

SEE SCHEDULE O VIAMONTE SENIOR LIVING, INC.'S MISSION IS TO PROVIDE HOMES AND SERVICES TO SENIORS FOR HEALTHY AGING THROUGH IMPROVING THE QUALITY OF LIFE AND PROVIDING A RANGE OF SUPPORT, OR ASSISTIVE SERVICES, IN ADDITION TO THE LIFESTYLE-FOCUSED AMENITIES AND MUCH MORE FOR THE SENIORS.

Activities or mission (Part I)

VIAMONTE SENIOR LIVING 1, INC. ("VSL") PROVIDES ORGANIZATION STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS BY OFFERING HOUSING AND PROGRAMS.

  • VIAMONTE CONSISTS OF 174 INDEPENDENT LIVING UNITS, WITH AN ADDITIONAL 7 ASSISTED LIVING UNITS AND 10 MEMORY CARE UNITS. VIAMONTE PROVIDES ITS RESIDENTS WITH MEALS, HOUSEKEEPING, LAUNDRY, MAINTENANCE, AND TRANSPORTATION SERVICES, AS WELL AS SALON AND SPA SERVICES. RESIDENTS ARE ALSO ENCOURAGED TO PARTICIPATE IN VARIOUS ACTIVITIES PROVIDED BY VIAMONTE, INCLUDING SOCIAL, PHYSICAL AND CULTURAL ACTIVITIES, E.G., GAMES, YOGA, ETC.

    Expenses $16,905,433 · Revenue $20,592,008

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

Listed in Part VII

  • David Jamison

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Steve Herman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Gary Freeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Michele Stratton

    BOARD MEMBER (THRU 1/24)

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Sara McVey

    PRESIDENT AND CEO

    Total calculated
    $645,315
    From this org
    $0
    From related orgs
    $608,060
    Other
    $37,255
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,221 related
    Bonus
    $0 + $300 related
    Other
    $0 + $2,539 related
    Deferred
    $0 + $24,322 related
    Nontaxable benefits
    $0 + $12,933 related
    Filer's total
    $0 + $645,315 related

  • Charles Shoemake

    CFO, TREASURER

    Total calculated
    $443,209
    From this org
    $0
    From related orgs
    $399,417
    Other
    $43,792
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,062 related
    Bonus
    $0 + $300 related
    Other
    $0 + $1,055 related
    Deferred
    $0 + $16,670 related
    Nontaxable benefits
    $0 + $27,122 related
    Filer's total
    $0 + $443,209 related

  • Martha A Atwood

    CHIEF HR & COMPLIANCE OFFICER

    Total calculated
    $352,561
    From this org
    $0
    From related orgs
    $309,267
    Other
    $43,294
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,899 related
    Bonus
    $0 + $300 related
    Other
    $0 + $2,068 related
    Deferred
    $0 + $12,531 related
    Nontaxable benefits
    $0 + $30,763 related
    Filer's total
    $0 + $352,561 related

  • David J Latina

    CHIEF BUSN. DEV. OFFICER, SECRETARY

    Total calculated
    $420,999
    From this org
    $0
    From related orgs
    $372,640
    Other
    $48,359
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,899 related
    Bonus
    $0 + $63,189 related
    Other
    $0 + $2,552 related
    Deferred
    $0 + $15,049 related
    Nontaxable benefits
    $0 + $33,310 related
    Filer's total
    $0 + $420,999 related

  • Melody Mitchell Allan

    EXECUTIVE DIRECTOR, VIAMONTE

    Total calculated
    $305,846
    From this org
    $0
    From related orgs
    $261,939
    Other
    $43,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $258,154 related
    Bonus
    $0
    Other
    $0 + $3,785 related
    Deferred
    $0 + $10,597 related
    Nontaxable benefits
    $0 + $33,310 related
    Filer's total
    $0 + $305,846 related

  • Paula Rathgaber-Gomez

    VP OF SALES AND MARKETING

    Total calculated
    $243,227
    From this org
    $0
    From related orgs
    $236,377
    Other
    $6,850
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,404 related
    Bonus
    $0 + $300 related
    Other
    $0 + $4,673 related
    Deferred
    $0 + $6,255 related
    Nontaxable benefits
    $0 + $595 related
    Filer's total
    $0 + $243,227 related

  • Marc Shores

    VP OF OPERATIONS AND FINANCE

    Total calculated
    $281,165
    From this org
    $0
    From related orgs
    $269,095
    Other
    $12,070
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,385 related
    Bonus
    $0 + $300 related
    Other
    $0 + $3,410 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,070 related
    Filer's total
    $0 + $281,165 related

  • Suzette Wong

    VSL DIRECTOR OF SALES

    Total calculated
    $227,938
    From this org
    $0
    From related orgs
    $206,545
    Other
    $21,393
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $124,705 related
    Bonus
    $0 + $81,000 related
    Other
    $0 + $840 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,393 related
    Filer's total
    $0 + $227,938 related

  • Mary Christine Jean

    DIRECTOR OF WELLNESS ADMINISTRATION VSL

    Total calculated
    $162,468
    From this org
    $0
    From related orgs
    $155,631
    Other
    $6,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $148,561 related
    Bonus
    $0 + $5,524 related
    Other
    $0 + $1,546 related
    Deferred
    $0 + $6,240 related
    Nontaxable benefits
    $0 + $597 related
    Filer's total
    $0 + $162,468 related

  • Rosemarie Laigo

    VSL LVN

    Total calculated
    $146,782
    From this org
    $0
    From related orgs
    $128,701
    Other
    $18,081
    Hours/week
    40

  • Victoria Bankerd

    VSL SALES ASSISTANT

    Total calculated
    $136,529
    From this org
    $0
    From related orgs
    $124,634
    Other
    $11,895
    Hours/week
    40

  • Sarah Betancourt

    VSL LVN

    Total calculated
    $118,984
    From this org
    $0
    From related orgs
    $104,014
    Other
    $14,970
    Hours/week
    40

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
VIAMONTE SENIOR LIVING 1, INC. DOES NOT COMPENSATE ANY DIRECTOR, OFFICER, OR EMPLOYEE. COMPENSATION IS PROVIDED BY A RELATED ORGANIZATION. IN DETERMINING THE COMPENSATION OF THE CEO, THE RELATED ORGANIZATION USES SEVERAL METHODS INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, INDEPENDENT CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WESTERN PARK APARTMENTS LP

    REAL ESTATE · CA

  • TOWN PARK TOWERS LP

    REAL ESTATE · CA

  • EASTERN PARK APARTMENTS LP

    REAL ESTATE · CA

Related corporations and trusts

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

  • SL SENIOR VENTURES LLC

    C · PROPERTY MGMT · CA

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202513099349303036

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