Totals
- Total revenue
- $119,194,539
- Total expenses
- $120,987,756
- Contributions and grants received
- $6,550,141
- Grants paid
- $0
- Program service revenue
- $102,679,946
- Investment income
- $9,846,994
- Other revenue
- $117,458
- Total assets, end of year
- $448,906,798
- Total liabilities, end of year
- $234,657,398
- Net assets or fund balances, end of year
- $214,249,400
- Program services expenses (Part IX)
- $108,272,580
- Management and general expenses
- $12,057,169
- Fundraising expenses
- $658,007
- Program service expenses (Part III)
- $108,272,580
Program services were 89.5% 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.
-
1d · Related organizations
$6,153,246
-
1e · Government grants (contributions)
$396,895
-
2a · Program service revenue: MONTHLY CARE FEES
total $67,651,689 · related or exempt $67,651,689
-
2b · Program service revenue: AMORTIZATION OF ENTRANCE FEES
total $20,267,794 · related or exempt $20,267,794
-
2c · Program service revenue: FEES FOR SERVICE TO RESIDENTS
total $14,760,463 · related or exempt $14,760,463
-
3 · Investment income
total $7,946,190 · excluded $7,946,190
-
7a · Gross sales of assets other than inventory
securities $5,510,917 · other assets $5,693,731
-
7b · Less cost or other basis and sales expenses
securities $3,633,844 · other assets $5,670,000
-
7c · Gain or loss
securities $1,877,073 · other assets $23,731
-
7d · Net gain or loss
total $1,900,804 · excluded $1,900,804
-
11a · Other revenue: OTHER INCOME
total $117,458 · excluded $117,458
-
11e · Other revenue, total
$117,458
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $4,053,348 · management and general $4,053,348
-
7 · Other salaries and wages
total $33,551,657 · program services $31,820,011 · management and general $1,310,182 · fundraising $421,464
-
8 · Pension plan contributions
total -$2,085,949 · program services -$2,032,426 · management and general -$53,523
-
9 · Other employee benefits
total $6,836,389 · program services $6,274,727 · management and general $506,069 · fundraising $55,593
-
10 · Payroll taxes
total $2,603,832 · program services $2,398,056 · management and general $179,524 · fundraising $26,252
-
11a · Fees: management
total $231,593 · management and general $231,593
-
11b · Fees: legal
total $491,722 · management and general $491,722
-
11c · Fees: accounting
total $403,140 · management and general $403,140
-
11f · Fees: investment management
total $174,062 · management and general $174,062
-
11g · Fees: other
total $24,233,825 · program services $24,116,692 · management and general $117,133
-
12 · Advertising and promotion
total $221,545 · program services $220,573 · management and general $972
-
13 · Office expenses
total $3,017,213 · program services $2,886,428 · management and general $130,785
-
14 · Information technology
total $1,524,321 · program services $467,763 · management and general $1,056,558
-
16 · Occupancy
total $5,786,402 · program services $4,939,193 · management and general $847,209
-
17 · Travel
total $147,273 · program services $128,132 · management and general $19,141
-
19 · Conferences, conventions and meetings
total $201,177 · program services $170,507 · management and general $30,670
-
20 · Interest
total $2,258,543 · program services $2,258,543
-
22 · Depreciation, depletion and amortization
total $15,271,511 · program services $15,271,511
-
23 · Insurance
total $1,085,080 · management and general $1,085,080
-
24a · Other expenses: CORPORATE SERVICES
total $8,728,443 · program services $8,728,443
-
24b · Other expenses: FOOD
total $5,382,306 · program services $5,381,530 · management and general $776
-
24c · Other expenses: REPAIR AND MAINTENANCE
total $2,482,099 · program services $2,365,010 · management and general $117,089
-
24d · Other expenses: BAD DEBT
total $690,416 · program services $690,416
-
24e · All other expenses
total $3,697,808 · program services $2,187,471 · management and general $1,355,639 · fundraising $154,698
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,570,456 · end of year $1,320,517
-
4 · Accounts receivable
beginning of year $41,927,415 · end of year $38,511,467
-
7 · Other notes and loans receivable
beginning of year $93,540,485 · end of year $89,812,475
-
9 · Prepaid expenses and deferred charges
beginning of year $3,459,836 · end of year $3,825,317
-
10a · Land, buildings and equipment: cost or other basis
$406,819,957
-
10b · Land, buildings and equipment: accumulated depreciation
$225,913,864
-
10c · Land, buildings and equipment, net
beginning of year $173,299,606 · end of year $180,906,093
-
11 · Investments: publicly traded securities
beginning of year $80,471,838 · end of year $105,145,415
-
12 · Investments: other securities
beginning of year $8,086 · end of year $3
-
15 · Other assets
beginning of year $19,353,330 · end of year $29,385,511
-
17 · Accounts payable and accrued expenses
beginning of year $14,459,908 · end of year $14,698,629
-
19 · Deferred revenue
beginning of year $133,898,034 · end of year $150,675,796
-
20 · Tax-exempt bond liabilities
beginning of year $55,382,347 · end of year $53,639,990
-
25 · Other liabilities
beginning of year $18,022,485 · end of year $15,642,983
-
27 · Net assets without donor restrictions
beginning of year $194,868,278 · end of year $214,249,400
Mission and programs · 2024
Mission
SEQUOIA LIVING, INC. WILL, WITHIN ITS HUMAN RESOURCES AND FINANCIAL CAPABILITIES, PROVIDE ORGANIZATIONAL STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS FROM ALL ECONOMIC LEVELS AND VARIED CULTURAL BACKGROUNDS THROUGH DIVERSIFIED OPERATIONS WHICH OFFER HOUSING AND PROGRAMS OF PHYSICAL, SOCIAL, HEALTH AND SPIRITUAL CARE.
Activities or mission (Part I)
SEQUOIA LIVING, INC. PROVIDES ORGANIZATIONAL STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS BY OFFERING HOUSING AND PROGRAMS.
-
CONTINUING CARE RETIREMENT COMMUNITIES:SEQUOIA LIVING, INC. PROVIDES APARTMENTS, MEALS, LAUNDRY, HOUSEKEEPING, SOCIAL AND CULTURAL ACTIVITIES, AND MEDICAL CARE FOR AROUND 908 RESIDENTS. NEARLY ALL OCCUPANTS HAVE EXECUTED LIFE CARE RESIDENCE AND CARE AGREEMENTS THAT GIVE THEM ACCESS TO ASSISTED LIVING, DEMENTIA CARE, AND SKILLED NURSING IF NEEDED AS THEY AGE AND BECOME FRAILER. A MAJOR PROBLEM FOR THE ELDERLY IS ISOLATION AND DEPRESSION CAUSED BY ECONOMIC, SOCIAL, AND PHYSICAL BARRIERS TO PARTICIPATION IN ACTIVITIES AND CIVIC LIFE. CONTINUING CARE COMMUNITIES REMOVE THESE BARRIERS AND FACILITATE THE ACTIVE ENGAGEMENT OF RESIDENTS. THEY ALSO SMOOTH OUT DIFFICULT AND DISRUPTIVE TRANSITIONS OCCASIONED WHEN PEOPLE NEED HIGHER LEVELS OF PROFESSIONAL ASSISTANCE. IN THE EVENT THAT A RESIDENT RUNS SHORT OF RESOURCES TO COVER THE COST OF CARE, SEQUOIA LIVING WILL WORK WITH THEM AND THEIR FAMILIES AND THROUGH ITS FOUNDATION, WILL SUBSIDIZE EXPENSES SO THAT RESIDENTS ARE NOT FORCED TO MOVE.
Expenses $108,272,580 · Revenue $102,679,946
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dianne SpauldingDIANNE SPAULDING
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Steven H HermanSTEVEN H HERMAN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Val AgostinoVAL AGOSTINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Richard CorrieaRICHARD CORRIEA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Michele StrattonMICHELE STRATTON
BOARD MEMBER (THRU 1/24)
- Total calculated
- $0
- Hours/week
- 0.8 + 0.2 related
-
Carl Gordon HowieCARL GORDON HOWIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Holly ItoHOLLY ITO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
David JamisonDAVID JAMISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Marianne LimMARIANNE LIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Patricia LynnPATRICIA LYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Nancy Hiroko MayedaNANCY HIROKO MAYEDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Marilyn SueyMARILYN SUEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Rex Jamison MDREX JAMISON MD
BOARD MEMBER (THRU 1/24)
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Cory SandersonCORY SANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.7 + 0.3 related
-
Sara McVeySARA MCVEY
PRESIDENT & CEO
- Total calculated
- $645,315
- From this org
- $608,060
- From related orgs
- $0
- Other
- $37,255
- Hours/week
- 33 + 7 related
Schedule J breakdown matched by us
- Base
- $605,221
- Bonus
- $300
- Other
- $2,539
- Deferred
- $24,322
- Nontaxable benefits
- $12,933
- Filer's total
- $645,315
-
Charlie ShoemakeCHARLIE SHOEMAKE
CHIEF FINANCIAL OFFICER
- Total calculated
- $443,209
- From this org
- $399,417
- From related orgs
- $0
- Other
- $43,792
- Hours/week
- 33 + 7 related
Schedule J breakdown matched by us
- Base
- $398,062
- Bonus
- $300
- Other
- $1,055
- Deferred
- $16,670
- Nontaxable benefits
- $27,122
- Filer's total
- $443,209
-
Martha AtwoodMARTHA ATWOOD
CHIEF HR OFFICER & CCO, SECRETARY
- Total calculated
- $352,561
- From this org
- $309,267
- From related orgs
- $0
- Other
- $43,294
- Hours/week
- 33 + 7 related
Schedule J breakdown matched by us
- Base
- $306,899
- Bonus
- $300
- Other
- $2,068
- Deferred
- $12,531
- Nontaxable benefits
- $30,763
- Filer's total
- $352,561
-
David LatinaDAVID LATINA
CHIEF BUSINESS DEVELOPMENT OFFICER
- Total calculated
- $420,999
- From this org
- $372,640
- From related orgs
- $0
- Other
- $48,359
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $306,899
- Bonus
- $63,189
- Other
- $2,552
- Deferred
- $15,049
- Nontaxable benefits
- $33,310
- Filer's total
- $420,999
-
Paul FriesenPAUL FRIESEN
EXECUTIVE DIRECTOR, TAMALPAIS
- Total calculated
- $332,441
- From this org
- $292,996
- From related orgs
- $0
- Other
- $39,445
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,610
- Bonus
- $0
- Other
- $13,386
- Deferred
- $12,323
- Nontaxable benefits
- $27,122
- Filer's total
- $332,441
-
Suzanne FairleySUZANNE FAIRLEY
EXECUTIVE DIRECTOR, PORTOLA VALLEY
- Total calculated
- $323,083
- From this org
- $284,022
- From related orgs
- $0
- Other
- $39,061
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,827
- Bonus
- $0
- Other
- $1,195
- Deferred
- $11,939
- Nontaxable benefits
- $27,122
- Filer's total
- $323,083
-
Glen Alan GoddardGLEN ALAN GODDARD
EXECUTIVE DIRECTOR, SSF
- Total calculated
- $316,112
- From this org
- $277,323
- From related orgs
- $0
- Other
- $38,789
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,748
- Bonus
- $0
- Other
- $13,575
- Deferred
- $11,667
- Nontaxable benefits
- $27,122
- Filer's total
- $316,112
-
Elaine LiaoELAINE LIAO
VP FINANCE/CONTROLLER
- Total calculated
- $301,319
- From this org
- $253,214
- From related orgs
- $0
- Other
- $48,105
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,978
- Bonus
- $300
- Other
- $20,936
- Deferred
- $11,114
- Nontaxable benefits
- $36,991
- Filer's total
- $301,319
-
Marc ShoresMARC SHORES
VP OF OPERATIONS AND FINANCE
- Total calculated
- $281,165
- From this org
- $269,095
- From related orgs
- $0
- Other
- $12,070
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $265,385
- Bonus
- $300
- Other
- $3,410
- Deferred
- $0
- Nontaxable benefits
- $12,070
- Filer's total
- $281,165
-
Kazuaki TakahashiKAZUAKI TAKAHASHI
VP OF FACILITIES
- Total calculated
- $255,774
- From this org
- $223,285
- From related orgs
- $0
- Other
- $32,489
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,731
- Bonus
- $5,300
- Other
- $1,254
- Deferred
- $0
- Nontaxable benefits
- $32,489
- Filer's total
- $255,774
-
Paula Rathgaber-GomezPAULA RATHGABER-GOMEZ
VP OF SALES AND MARKETING
- Total calculated
- $243,227
- From this org
- $236,377
- From related orgs
- $0
- Other
- $6,850
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $231,404
- Bonus
- $300
- Other
- $4,673
- Deferred
- $6,255
- Nontaxable benefits
- $595
- Filer's total
- $243,227
-
Mark MizuharaMARK MIZUHARA
VP OF HUMAN RESOURCES
- Total calculated
- $243,094
- From this org
- $233,082
- From related orgs
- $0
- Other
- $10,012
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,464
- Bonus
- $300
- Other
- $5,318
- Deferred
- $9,417
- Nontaxable benefits
- $595
- Filer's total
- $243,094
-
Calvin GroenewegCALVIN GROENEWEG
VP OF RISK MGMT & CLINICAL SERVICES
- Total calculated
- $230,526
- From this org
- $194,934
- From related orgs
- $0
- Other
- $35,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,571
- Bonus
- $300
- Other
- $14,063
- Deferred
- $8,470
- Nontaxable benefits
- $27,122
- Filer's total
- $230,526
-
Steve Hieger -Chief InformationSTEVE HIEGER -CHIEF INFORMATION
SYSTEMS OFFICER (THRU 5/24)
- Total calculated
- $181,632
- From this org
- $163,695
- From related orgs
- $0
- Other
- $17,937
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $104,649
- Bonus
- $0
- Other
- $59,046
- Deferred
- $6,766
- Nontaxable benefits
- $11,171
- Filer's total
- $181,632
-
Terence TumbaleTERENCE TUMBALE
ADMINISTRATOR, THE TAMALPAIS & SSF
- Total calculated
- $278,533
- From this org
- $231,709
- From related orgs
- $0
- Other
- $46,824
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,493
- Bonus
- $0
- Other
- $7,216
- Deferred
- $9,833
- Nontaxable benefits
- $36,991
- Filer's total
- $278,533
-
Zenaida LoreteZENAIDA LORETE
SPV DIRECTOR OF SALES
- Total calculated
- $240,589
- From this org
- $230,596
- From related orgs
- $0
- Other
- $9,993
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,978
- Bonus
- $88,578
- Other
- $2,040
- Deferred
- $9,224
- Nontaxable benefits
- $769
- Filer's total
- $240,589
-
Kevin OtternessKEVIN OTTERNESS
SSF DIRECTOR OF SALES
- Total calculated
- $228,395
- From this org
- $210,303
- From related orgs
- $0
- Other
- $18,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,163
- Bonus
- $75,300
- Other
- $840
- Deferred
- $5,159
- Nontaxable benefits
- $12,933
- Filer's total
- $228,395
-
Samir Patel -Director OfSAMIR PATEL -DIRECTOR OF
BUSINESS APPS & DATA ANALYSIS
- Total calculated
- $216,632
- From this org
- $195,863
- From related orgs
- $0
- Other
- $20,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,519
- Bonus
- $300
- Other
- $2,044
- Deferred
- $7,836
- Nontaxable benefits
- $12,933
- Filer's total
- $216,632
-
Janine TimoteoJANINE TIMOTEO
RN TAM
- Total calculated
- $215,888
- From this org
- $195,149
- From related orgs
- $0
- Other
- $20,739
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,767
- Bonus
- $1,382
- Other
- $0
- Deferred
- $7,806
- Nontaxable benefits
- $12,933
- Filer's total
- $215,888
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 · Independent compensation consultant
- 3 · Compensation survey or study
- 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 7
- THE NON-FIXED PAYMENTS ARE CONTRACTUALLY DRIVEN BY THE TERMS OF EMPLOYEE EMPLOYMENT AGREEMENTS. THESE ARE AWARDED AND ARE BASED UPON ACCOMPLISHMENT OF KEY DEPARTMENTAL OBJECTIVES AND ARE NOT BASED ON REVENUE OR NET INCOME METRICS.
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.
-
SENIOR SERVICES FOR NORTHERN CALIFORNIA
501(C)(3) · SUPPORT SEQUOIA LIVING · CA · controlled entity
Directly controlled by SEQUOIA LIVING INC
-
501(C)(3) · COMMUNITY SVC · CA · controlled entity
Directly controlled by SEQUOIA LIVING INC
-
501(C)(3) · COMMUNITY SVC · CA · controlled entity
Directly controlled by SEQUOIA LIVING INC
-
501(C)(3) · ELDERLY CARE · CA · controlled entity
Directly controlled by SEQUOIA LIVING INC
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WPA LLC
PROPERTY MANAGEMENT · CA · income $0 · assets $1,672
Directly controlled by SEQUOIA LIVING INC
-
TPT LLC
PROPERTY MANAGEMENT · CA · income $0 · assets $0
Directly controlled by SEQUOIA LIVING INC
-
EPA LLC
PROPERTY MANAGEMENT · CA · income $0 · assets $0
Directly controlled by SEQUOIA LIVING INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
EASTERN PARK APARTMENTS LP
RELATED · REAL ESTATE · CA · 0.01% owned · share of income -$525 · share of assets $62,261,730 · general or managing partner
Directly controlled by SEQUOIA LIVING INC
-
TOWN PARK TOWERS LP
RELATED · REAL ESTATE · CA · 0.01% owned · share of income -$146 · share of assets $30,164,291 · general or managing partner
Directly controlled by SEQUOIA LIVING INC
-
WESTERN PARK APARTMENTS LP
RELATED · REAL ESTATE · CA · 0.01% owned · share of income $29 · share of assets $24,178,106 · general or managing partner
Directly controlled by SEQUOIA LIVING INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SL SENIOR VENTURES LLC
C · PROPERTY MANAGEMENT · CA · 100% owned · share of income $143,916 · share of assets $4,104 · controlled entity
Directly controlled by SEQUOIA LIVING INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513099349303106
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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