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Nonprofiteer
← EL CASTILLO RETIREMENT RESIDENCES

Form 990 for tax year 2023

Filed by EL CASTILLO RETIREMENT RESIDENCES.

Totals

Total revenue
$21,740,541
Total expenses
$22,494,551
Contributions and grants received
$38,188
Grants paid
$0
Program service revenue
$20,048,408
Investment income
$1,201,564
Other revenue
$452,381
Total assets, end of year
$122,458,319
Total liabilities, end of year
$111,306,798
Net assets or fund balances, end of year
$11,151,521
Program services expenses (Part IX)
$14,027,279
Management and general expenses
$8,467,272
Fundraising expenses
$0
Program service expenses (Part III)
$14,027,279

Program services were 62.4% 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.

  • 1f · All other contributions, gifts and grants

    $38,188

  • 2a · Program service revenue: LONG TERM CARE PROGRAM SERVICE

    total $20,048,408 · related or exempt $20,048,408

  • 3 · Investment income

    total $993,785 · excluded $993,785

  • 6a · Gross rents

    real property $162,312

  • 6b · Less rental expenses

    real property $57,358

  • 6c · Rental income or loss

    real property $104,954

  • 6d · Net rental income or loss

    total $104,954 · excluded $104,954

  • 7b · Less cost or other basis and sales expenses

    securities -$207,779

  • 7c · Gain or loss

    securities $207,779

  • 7d · Net gain or loss

    total $207,779 · excluded $207,779

  • 11a · Other revenue: DINING SERVICE REVENUE

    total $266,373 · excluded $266,373

  • 11b · Other revenue: GUEST RENTAL INCOME

    total $47,545 · excluded $47,545

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $14,779 · excluded $14,779

  • 11d · All other revenue

    total $18,730 · excluded $18,730

  • 11e · Other revenue, total

    $347,427

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $661,640 · management and general $661,640

  • 7 · Other salaries and wages

    total $7,356,300 · program services $6,206,940 · management and general $1,149,360

  • 8 · Pension plan contributions

    total $102,827 · program services $63,758 · management and general $39,069

  • 9 · Other employee benefits

    total $567,966 · program services $443,840 · management and general $124,126

  • 10 · Payroll taxes

    total $642,612 · program services $489,143 · management and general $153,469

  • 11a · Fees: management

    total $582,313 · program services $582,313

  • 11b · Fees: legal

    total $97,706 · management and general $97,706

  • 11c · Fees: accounting

    total $101,527 · management and general $101,527

  • 11f · Fees: investment management

    total $123,130 · management and general $123,130

  • 11g · Fees: other

    total $717,558 · program services $65,111 · management and general $652,447

  • 12 · Advertising and promotion

    total $33,392 · program services $24,377 · management and general $9,015

  • 13 · Office expenses

    total $76,929 · program services $17,056 · management and general $59,873

  • 14 · Information technology

    total $90,765 · program services $40,934 · management and general $49,831

  • 16 · Occupancy

    total $1,717,276 · program services $16,455 · management and general $1,700,821

  • 17 · Travel

    total $11,094 · program services $280 · management and general $10,814

  • 20 · Interest

    total $2,883,559 · program services $1,798,545 · management and general $1,085,014

  • 22 · Depreciation, depletion and amortization

    total $4,376,415 · program services $2,741,670 · management and general $1,634,745

  • 23 · Insurance

    total $405,749 · management and general $405,749

  • 24a · Other expenses: DIETARY

    total $1,047,376 · program services $1,047,376

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $375,287 · program services $51,271 · management and general $324,016

  • 24c · Other expenses: MEDICAL AND OTHER SUPPL

    total $371,761 · program services $371,761

  • 24d · Other expenses: RESIDENT EXPENSES

    total $96,524 · program services $12,901 · management and general $83,623

  • 24e · All other expenses

    total $54,845 · program services $53,548 · management and general $1,297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,042 · end of year $1,551,244

  • 2 · Savings and temporary cash investments

    beginning of year $11,081,388 · end of year $10,012,523

  • 4 · Accounts receivable

    beginning of year $48,671 · end of year $152,289

  • 9 · Prepaid expenses and deferred charges

    beginning of year $163,211 · end of year $401,254

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

    $127,072,265

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

    $32,288,683

  • 10c · Land, buildings and equipment, net

    beginning of year $97,270,831 · end of year $94,783,582

  • 11 · Investments: publicly traded securities

    beginning of year $14,010,272 · end of year $15,545,901

  • 15 · Other assets

    beginning of year $11,526 · end of year $11,526

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,133,014 · end of year $3,186,280

  • 19 · Deferred revenue

    beginning of year $45,024,282 · end of year $44,494,252

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,745,007 · end of year $62,991,726

  • 25 · Other liabilities

    beginning of year $561,540 · end of year $634,540

  • 27 · Net assets without donor restrictions

    beginning of year $11,166,485 · end of year $10,974,720

  • 28 · Net assets with donor restrictions

    beginning of year $138,613 · end of year $176,801

Mission and programs · 2023

Mission

TO BUILD, OWN, OPERATE, AND MAINTAIN RESIDENTIAL, NURSING, AND PROTECTIVE-CARE FACILITIES AND SERVICES FOR THE ELDERLY.

Activities or mission (Part I)

TO ENRICH THE LIVES OF OLDER ADULTS THROUGH COMMUNITY LIVING

  • EL CASTILLO IS A RETIREMENT COMMUNITY THAT PROVIDES FOUR LEVELS OF CONTINUING AND LONG-TERM CARE: INDEPENDENT LIVING, ASSISTED LIVING, NURSING, AND MEMORY CARE. APPROXIMATELY 230 ELDERLY PERSONS RECEIVED HOUSING, MEALS, AND MEDICAL CARE DURING THE FISCAL YEAR.

    Expenses $14,027,279 · Revenue $20,048,408

As filed on the 2023 return.

Listed in Part VII

  • Cheryl Pick Sommer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kenneth Romero

    VICE PRESIDENT (TERM END 7/23)

    Total calculated
    $0
    Hours/week
    5

  • J Barry Gerst

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Simon Brackley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sara Thelin

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Carole Peet

    CEO

    Total calculated
    $166,659
    From this org
    $165,021
    From related orgs
    $0
    Other
    $1,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,021
    Bonus
    $0
    Other
    $0
    Deferred
    $1,638
    Nontaxable benefits
    $0
    Filer's total
    $166,659

  • Allen J Jahner

    PAST CEO & ADMINISTRATOR

    Total calculated
    $576,561
    From this org
    $576,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,641
    Bonus
    $0
    Other
    $296,920
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $576,561

  • Mariya Flores

    CFO

    Total calculated
    $66,539
    From this org
    $66,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jean Kessel

    DIRECTOR OF OPERATIONS & ADMIN

    Total calculated
    $151,978
    From this org
    $147,178
    From related orgs
    $0
    Other
    $4,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,178
    Bonus
    $0
    Other
    $0
    Deferred
    $4,800
    Nontaxable benefits
    $0
    Filer's total
    $151,978

  • Kathleen O'Neil

    REGISTERED NURSE

    Total calculated
    $129,389
    From this org
    $129,389
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Julia Kilcer

    NURSING HOME ADMINISTRATOR

    Total calculated
    $135,347
    From this org
    $135,347
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roberta Rael-Solis

    REGISTERED NURSE

    Total calculated
    $110,637
    From this org
    $110,637
    From related orgs
    $0
    Other
    $0
    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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 April 2025
IRS schema version
2023v6.0
Source object
202531009349300543

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