Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Rental Income 5333 Hollister

  total $1,772,467 · related or exempt $1,772,467

• 2b · Program service revenue: Rental Income 2320 Bath

  total $1,425,738 · related or exempt $1,425,738

• 2c · Program service revenue: Rental Income 2403 Castillo

  total $954,601 · related or exempt $954,601

• 2d · Program service revenue: Rental Income 454 S Patterson

  total $884,095 · related or exempt $884,095

• 2e · Program service revenue: Rental Income 2400 Bath

  total $859,990 · related or exempt $859,990

• 2f · All other program service revenue

  total $1,400,961 · related or exempt $1,400,961 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $35,783 · excluded $35,783

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $218,718 · management and general $218,718

• 11g · Fees: other

  total $1,032,562 · program services $983,544 · management and general $49,018 · fundraising $0

• 13 · Office expenses

  total $15,952 · program services $15,952

• 14 · Information technology

  total $87,800 · program services $52,680 · management and general $35,120

• 16 · Occupancy

  total $1,477,433 · program services $1,477,433

• 20 · Interest

  total $791,537 · program services $791,537

• 22 · Depreciation, depletion and amortization

  total $3,244,348 · program services $3,244,348

• 23 · Insurance

  total $64,901 · program services $64,901

• 24a · Other expenses: Taxes and fees

  total $958,509 · program services $958,484 · management and general $25

• 24b · Other expenses: Construction Expense

  total $212,849 · management and general $212,849

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,774,703 · end of year $2,174,305

• 4 · Accounts receivable

  beginning of year $292,163 · end of year $292,030

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $126,600 · end of year $173,672

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

  $145,791,153

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

  $35,297,893

• 10c · Land, buildings and equipment, net

  beginning of year $96,465,861 · end of year $110,493,260

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $419,701 · end of year $2,774,039

• 17 · Accounts payable and accrued expenses

  beginning of year $622,205 · end of year $5,731,030

• 19 · Deferred revenue

  beginning of year $54,187 · end of year $97,696

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $30,136,939 · end of year $42,583,857

• 27 · Net assets without donor restrictions

  beginning of year $68,265,697 · end of year $67,494,723

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

On an annual basis the Executive Compensation Committee (ECC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO, and vice presidents. All members of the ECC are independent members of the Board of Directors. The ECC engages an independent consultant to prepare comparative compensation reports for each position. The executives individual performance will also be considered when determining compensation. The ECC recommends compensation for the executives to the full Board for approval. This process takes place annually for all executives.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

COTTAGE HEALTH PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE ANNUAL CONTRIBUTION IS 9.8% OF BASE YEARS SALARY WITH THE CONTRIBUTIONS VESTING FIVE YEARS FROM CREDITING DATE, OR AT AGE 62, OR IMMEDIATELY IN THE EVENT OF DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT CAUSE. THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS AND THE ACCRUED EXPENSE IS INCLUDED IN SERP AND RETIREMENT PLAN LIABILITY IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. IN 2023, THERE WERE RECIPIENT PAYOUTS FROM THE 457(F) PLAN TO Lisa Moore ($47,039)

Related corporations and trusts

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

• Villa Riviera Real Estate Company

  C Corporation · Workforce Housing Development · CA · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by SB Cottage Hosp Fndtn