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Nonprofiteer
← SHIRES MEMORIAL CENTER

Form 990 for tax year 2024

Filed by SHIRES MEMORIAL CENTER.

Totals

Total revenue
$1,634,905
Total expenses
$2,107,701
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,589,053
Investment income
$17,401
Other revenue
$28,451
Total assets, end of year
$13,640,001
Total liabilities, end of year
$241,757
Net assets or fund balances, end of year
$13,398,244
Program services expenses (Part IX)
$1,717,417
Management and general expenses
$390,284
Fundraising expenses
$0
Program service expenses (Part III)
$1,717,417

Program services were 81.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,235,033 · related or exempt $1,235,033

  • 2b · Program service revenue: HUD ASSISTANCE INCOME

    total $354,020 · related or exempt $354,020

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $17,401 · excluded $17,401

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: LAUNDRY/VENDING

    total $5,715 · related or exempt $5,715

  • 11d · All other revenue

    total $22,736 · related or exempt $22,736 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $28,451

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $188,779 · program services $150,171 · management and general $38,608

  • 8 · Pension plan contributions

    total $10,651 · program services $8,473 · management and general $2,178

  • 9 · Other employee benefits

    total $67,972 · program services $54,071 · management and general $13,901

  • 10 · Payroll taxes

    total $15,352 · program services $12,212 · management and general $3,140

  • 11a · Fees: management

    total $87,564 · management and general $87,564

  • 11b · Fees: legal

    total $1,224 · management and general $1,224

  • 11c · Fees: accounting

    total $48,319 · management and general $48,319

  • 11g · Fees: other

    total $238,683 · program services $189,869 · management and general $48,814 · fundraising $0

  • 12 · Advertising and promotion

    total $8,566 · program services $6,814 · management and general $1,752

  • 13 · Office expenses

    total $31,585 · program services $25,125 · management and general $6,460

  • 14 · Information technology

    total $20,158 · program services $16,035 · management and general $4,123

  • 16 · Occupancy

    total $357,929 · program services $284,728 · management and general $73,201

  • 22 · Depreciation, depletion and amortization

    total $732,647 · program services $732,647

  • 23 · Insurance

    total $69,168 · program services $55,022 · management and general $14,146

  • 24a · Other expenses: Resident Services

    total $102,239 · program services $81,330 · management and general $20,909

  • 24b · Other expenses: Equipment Rental & Maintenance

    total $69,628 · program services $55,388 · management and general $14,240

  • 24c · Other expenses: Other Taxes & Licenses

    total $31,233 · program services $24,845 · management and general $6,388

  • 24d · Other expenses: Bad Debts

    total $15,267 · program services $12,145 · management and general $3,122

  • 24e · All other expenses

    total $10,737 · program services $8,542 · management and general $2,195 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,488,856 · end of year $899,584

  • 2 · Savings and temporary cash investments

    beginning of year $650,854 · end of year $665,392

  • 4 · Accounts receivable

    beginning of year $12,441 · end of year $2,796

  • 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 $21,667 · end of year $30,210

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

    $14,905,497

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

    $2,863,478

  • 10c · Land, buildings and equipment, net

    beginning of year $12,683,677 · end of year $12,042,019

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,758 · end of year $125,708

  • 21 · Escrow or custodial account liability

    beginning of year $110,514 · end of year $107,754

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $689,969 · end of year $8,295

  • 27 · Net assets without donor restrictions

    beginning of year $13,907,254 · end of year $13,398,244

Mission and programs · 2024

Mission

ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROVIDE LOW INCOME SENIORS WITH AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

Activities or mission (Part I)

ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING.

  • SHIRES MEMORIAL CENTER WAS ORGANIZED TO PROVIDE APARTMENT HOUSING FOR SENIORS AGE 62 AND OVER IN A 99 UNIT SINGLE BUILDING. THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROVIDE LOW INCOME SENIORS WITH AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICE SPECIALLY DESIGNED TO MEET THEIR NEEDS. A TOTAL OF 104 PEOPLE WERE SERVED DURING THE YEAR.

    Expenses $1,717,417 · Revenue $1,617,504

As filed on the 2024 return.

Listed in Part VII

  • Ken Donnelly Jr

    Board Chair

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Bill Peters

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Carlos Jimenez

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Christoper Jones

    Director START: 12/24

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Kevin Kroeker

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 5.5 related

  • Margol Kennison

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Marion McGovern

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 5.5 related

  • Eduardo Salvador

    CFO

    Total calculated
    $906,991
    From this org
    $0
    From related orgs
    $883,068
    Other
    $23,923
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,363 related
    Bonus
    $0 + $375,296 related
    Other
    $0 + $39,409 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $13,573 related
    Filer's total
    $0 + $906,991 related

  • Rachel Vranich

    Chief Legal Officer / Secretary

    Total calculated
    $562,741
    From this org
    $0
    From related orgs
    $516,767
    Other
    $45,974
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,825 related
    Bonus
    $0 + $120,000 related
    Other
    $0 + $23,942 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $35,624 related
    Filer's total
    $0 + $562,741 related

  • Sean Kelly

    CEO

    Total calculated
    $1,459,056
    From this org
    $0
    From related orgs
    $1,391,315
    Other
    $67,741
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $808,387 related
    Bonus
    $0 + $524,270 related
    Other
    $0 + $58,658 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $57,391 related
    Filer's total
    $0 + $1,459,056 related

  • Soraya Diaz

    President - CARING Housing Ministries

    Total calculated
    $506,739
    From this org
    $0
    From related orgs
    $470,071
    Other
    $36,668
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,117 related
    Bonus
    $0 + $142,133 related
    Other
    $0 + $32,821 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $26,318 related
    Filer's total
    $0 + $506,739 related

  • Vanessa Lombardo

    Director of Operations - CARING Housing Ministries

    Total calculated
    $177,489
    From this org
    $0
    From related orgs
    $151,652
    Other
    $25,837
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,724 related
    Bonus
    $0 + $1,800 related
    Other
    $0 + $1,128 related
    Deferred
    $0 + $4,733 related
    Nontaxable benefits
    $0 + $21,104 related
    Filer's total
    $0 + $177,489 related

  • Jennie La

    Controller

    Total calculated
    $169,041
    From this org
    $0
    From related orgs
    $142,386
    Other
    $26,655
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,931 related
    Bonus
    $0
    Other
    $0 + $1,455 related
    Deferred
    $0 + $4,503 related
    Nontaxable benefits
    $0 + $22,152 related
    Filer's total
    $0 + $169,041 related

  • Joseph Miller

    Director of Finance - CARING Housing Ministries

    Total calculated
    $170,871
    From this org
    $0
    From related orgs
    $154,398
    Other
    $16,473
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,068 related
    Bonus
    $0
    Other
    $0 + $1,330 related
    Deferred
    $0 + $4,659 related
    Nontaxable benefits
    $0 + $11,814 related
    Filer's total
    $0 + $170,871 related

  • Martin Lakatos

    Vice President - Development

    Total calculated
    $359,252
    From this org
    $0
    From related orgs
    $318,540
    Other
    $40,712
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,598 related
    Bonus
    $0 + $57,345 related
    Other
    $0 + $20,597 related
    Deferred
    $0 + $27,029 related
    Nontaxable benefits
    $0 + $13,683 related
    Filer's total
    $0 + $359,252 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
FRONT PORCH COMMUNITIES AND SERVICES, A RELATED ORGANIZATION, UTILIZES COMPENSATION STUDIES AND AN INDEPENDENT COMPENSATION CONSULTANT. FINAL COMPENSATION AMOUNTS OF THE CEO AND CFO ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND HAVE BEEN COMPLETED DURING THE YEAR. COMPENSATION PHILOSOPHY OF OTHER OFFICERS AND KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND FINAL COMPENSATION AMOUNTS ARE APPROVED BY THE CEO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN 457(F): AMOUNTS INCLUDED IN W-2 SORAYA DIAZ: $18,658 RACHEL VRANICH: $21,707 EDUARDO SALVADOR: $24,697 KARI OLSON: $24,783 Gevork AKOPYAN: $19,237 MARY MCMULLIN: $21,749 Sean Kelly: $46,933 NO AMOUNTS WERE DEFERRED front porch communities and services ALSO MAINTAINS, FOR CERTAIN KEY LEGACY COVIA COMMUNITIES EMPLOYEES, A NONQUALIFIED SUPPLEMENTARY DEFERRED COMPENSATION PLAN THAT PROVIDES A DEFINED CONTRIBUTION BENEFIT PURSUANT TO SECTIONS 409A AND 457(F) OF THE CODE. ALL PARTICIPANTS ARE AWARDED AN ANNUAL RETENTION BENEFIT ANNUALLY. EACH AWARD VESTS ON THE EARLIER OF THE PARTICIPANT'S DEATH OR DISABILITY, REACHING THE AGE OF 65, OR FIVE YEARS AFTER THE AWARD IS MADE.

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.

  • OAK CENTERS LP

    N/A · PROVIDE AFFORABLE HOUSING TO ELDERLY · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 February 2026
IRS schema version
2024v5.1
Source object
202630459349300508

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