Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT SERVICE FEES

  total $140,417 · related or exempt $140,417

• 2b · Program service revenue: MANAGEMENT FEES

  total $277,479 · related or exempt $277,479

• 2f · All other program service revenue

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

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: Miscellaneous Revenue

  total $4,724 · related or exempt $4,724

• 11d · All other revenue

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

• 11e · Other revenue, total

  $4,724

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 $110,425 · program services $110,425

• 8 · Pension plan contributions

  total $4,798 · program services $4,798

• 9 · Other employee benefits

  total $15,091 · program services $15,091

• 10 · Payroll taxes

  total $8,469 · program services $8,469

• 11c · Fees: accounting

  total $35,469 · management and general $35,469

• 11g · Fees: other

  total $78,608 · program services $78,608 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $300 · program services $300

• 14 · Information technology

  total $1,330 · program services $1,330

• 17 · Travel

  total $3,944 · program services $3,944

• 19 · Conferences, conventions and meetings

  total $125 · program services $125

• 22 · Depreciation, depletion and amortization

  total $1,362 · program services $1,362

• 24a · Other expenses: Administration Charge

  total $19,109 · program services $19,109

• 24e · All other expenses

  total $231 · program services $109 · management and general $122 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,990,243

• 2 · Savings and temporary cash investments

  beginning of year $1,416,574

• 4 · Accounts receivable

  beginning of year $590,527

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $54,987

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $6,390 · end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,421,101 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $861,282

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $478,868 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $19,139,672

The filer's explanations (Part III)

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

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. AMOUNTS INCLUDED IN W-2: EDUARDO SALVADOR: $4.531 John Woodward: $2,027 SORAYA DIAZ: $3,027 RACHEL VRANICH: $4,070 AMOUNTS IN DEFERRED: EDUARDO SALVADOR: None John Woodward: None SORAYA DIAZ: NONE RACHEL VRANICH: NONE

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization

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

  N/A · PROVIDE AFFORDABLE HOUSING TO ELDERLY · CA

  Directly controlled by NA

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (1)

  CHARITABLE REMAINDER TRUSTS · CA