Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,433,135

• 2a · Program service revenue: RESIDENT SRVC. COOR'D

  total $3,898,863 · related or exempt $3,898,863

• 2b · Program service revenue: MANAGEMENT FEES

  total $1,110,483 · related or exempt $1,110,483

• 3 · Investment income

  total $703 · excluded $703

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,528,799 · program services $2,528,799

• 8 · Pension plan contributions

  total $90,921 · program services $90,921

• 9 · Other employee benefits

  total $215,600 · program services $215,600

• 10 · Payroll taxes

  total $296,479 · program services $296,479

• 11a · Fees: management

  total $900,200 · management and general $900,200

• 11b · Fees: legal

  total $120 · management and general $120

• 11c · Fees: accounting

  total $56,862 · management and general $56,862

• 11g · Fees: other

  total $244,598 · program services $244,598

• 12 · Advertising and promotion

  total $5,820 · program services $5,820

• 13 · Office expenses

  total $23,087 · program services $23,087

• 14 · Information technology

  total $86,933 · program services $86,933

• 16 · Occupancy

  total $35,820 · program services $35,820

• 17 · Travel

  total $47,566 · program services $47,566

• 22 · Depreciation, depletion and amortization

  total $8,846 · program services $8,846

• 23 · Insurance

  total $8,605 · program services $8,605

• 24a · Other expenses: EVENTS

  total $176 · program services $176

• 24e · All other expenses

  total $18,388 · management and general $18,388

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,949,346 · end of year $16,990,243

• 2 · Savings and temporary cash investments

  beginning of year $1,415,871 · end of year $1,416,574

• 4 · Accounts receivable

  beginning of year $467,500 · end of year $590,527

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,868 · end of year $54,987

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

  $42,072

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

  $35,682

• 10c · Land, buildings and equipment, net

  beginning of year $12,068 · end of year $6,390

• 15 · Other assets

  beginning of year $3,145,752 · end of year $1,421,101

• 17 · Accounts payable and accrued expenses

  beginning of year $889,509 · end of year $861,282

• 25 · Other liabilities

  beginning of year $838,588 · end of year $478,868

• 27 · Net assets without donor restrictions

  beginning of year $15,265,308 · end of year $19,139,672

The filer's explanations (Part III)

PART I, LINES 4A-B

LINE 4A - RONALD SCHAEFER RECEIVED A SEVERANCE PAYMENT OF $400,000 DURING THE 2022 CALENDAR YEAR. THE PAYMENT HAS BEEN REPORTED WITHIN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, PAYMENTS HAVE BEEN REPORTED AS TAXABLE COMPENSATION TO THE INDIVIDUALS AND COLUMN (B)(III). LINE 4B - FRONT PORCH COMMUNITIES AND SERVICES HAS A 457F PLAN FOR THE FOLLOWING INDIVIDUALS. THE PARTICIPANTS OF THE PLAN ARE THOSE EMPLOYEES WHO ARE ADMINISTRATORS AND OFFICERS OF FRONT PORCH COMMUNITIES AND SERVICES AND ITS AFFILIATES. ADMINISTRATORS ARE THE EXECUTIVE DIRECTORS OF THE COMMUNITIES. FROM TIME TO TIME THE BOARD MAY DESIGNATE ADDITIONAL OFFICERS AND ADMINISTRATORS. RONALD SCHAEFER DIANA JAMISON MARY MCMULLIN JONATHAN CASEY EDUARDO SALVADOR KARI OLSON

PART I, LINE 6

COVIA AFFORDABLE COMMUNITIES (CAC) MAINTAINS A SUCCESS SHARING PROGRAM FOR ALL EMPLOYEES, INCLUDING THE SENIOR EXECUTIVES, WHICH IS BASED UPON THE FOLLOWING FACTORS, IN DECREASING ORDER OF IMPORTANCE: 1. WHETHER COVIA AFFORDABLE COMMUNITIES IS MEETING ITS QUALITY BENCHMARKS IN DELIVERING SERVICES TO ITS RESIDENTS. THIS FACTOR IS DETERMINED BY THE QUALITY FIRST COMMITTEE OF THE BOARD OF DIRECTORS. THE PERFORMANCE MEASURES EVALUATED INCLUDE ITEMS SUCH AS THE RESIDENT SATISFACTION SURVEY, EMPLOYEE SATISFACTION SURVEY, TURNOVER, WORKERS COMPENSATION, AND FINANCIAL RESULTS. REGARDLESS OF ANY OF THE REMAINING FACTORS, NO INCENTIVES ARE PAID IF THE QUALITY MEASURE IS NOT MET. 2. THE AMOUNT OF ACTUAL NET OPERATING INCOME ACHIEVED COMPARED TO THE BUDGETED NET OPERATING INCOME. INCENTIVE PAYMENTS FUNDED, IF ANY, ARE BASED ON A SLIDING SCALE UP TO 40% OF THE PARTICIPANT'S BASE COMPENSATION DEPENDING UPON THE ACTUAL LEVEL OF PERFORMANCE. A MINIMUM LEVEL OF PERFORMANCE AGAINST BUDGET MUST BE ACHIEVED IN ORDER TO PAY OUT ANY INCENTIVES. 3. THE ACTUAL OCCUPANCY RATE ACHIEVED COMPARED TO THE BUDGETED OCCUPANCY RATE. A MINIMUM LEVEL OF PERFORMANCE AGAINST BUDGET MUST BE ACHIEVED IN ORDER TO PAY OUT ANY INCENTIVES.

SCHEDULE J, PART I

ALL OF THE EMPLOYEES LISTED ON FORM 990 PART VII SECTION A--OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES--ARE EMPLOYED AND COMPENSATED BY FRONT PORCH COMMUNITIES AND SERVICES. THE ORGANIZATION RELIED ON FRONT PORCH COMMUNITIES AND SERVICES USING 3 METHODS DESCRIBED ON PART I, LINE 3 TO ESTABLISH OFFICER'S COMPENSATION. THE METHODS USED ARE: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FRONT PORCH COMMUNITIES AND SERVICES REPORTS 100% OF THE INDIVIDUAL'S COMPENSATION ON W-2'S ISSUED BY FRONT PORCH COMMUNITIES AND SERVICES. HOWEVER, SOME OF THESE EMPLOYEES ARE ASSIGNED DUTIES FOR OTHER RELATED ORGANIZATIONS (SEE SCHEDULE R FOR ADDITIONAL INFORMATION REGARDING THE RELATED ORGANIZATIONS). THE SALARIES REPORTED ON PART VII OF THE 990 AND SCHEDULE J ARE IN PART SUPPORTED THROUGH MANAGEMENT FEES PAID FROM THE SUBSIDIARY COMMUNITIES AND COLLECTED BY COVIA AFFORDABLE COMMUNITIES AND DIRECTED TO COVIA COMMUNITIES.

Related partnerships

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

• OAK CENTER LP

  PROVIDE AFFORDABLE HOUSING TO ELDERLY · CA

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (1)

  T · CHARITABLE REMAINDER TRUSTS · CA

  Directly controlled by LYTTON GARDENS SENIOR COMMUNITIES