HOLLENBECK PALMS

EIN: 710876594 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$25,021,223
Total Expenses
$23,746,682
Total Assets
$87,844,249
Net Assets
$46,437,446
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
MORRIS SHOCKLEY
Phone
3232636195
Tax Period
2022-07-01 to 2023-06-30

HOLLENBECK PALMS, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $25.0M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $23.7M left a modest 5% surplus.

Mission

THE VERY FIRST NON-PROFIT, LICENSED CONTINUING CARE RETIREMENT COMMUNITY IN CALIFORNIA, HOLLENBECK PALMS PROVIDES FOR AND SERVES ITS ELDERLY RESIDENTS WITH GREAT COMPASSION, HONEST DIGNITY AND GENUINE LOVE THROUGH RESIDENTIAL, ASSISTED MEMORY ENHANCEMENT AND SKILLED NURSING LIVING. WE OFFER A REWARDING AND GRATIFYING LIFESTYLE, FULL OF ACTIVITIES, PROGRAMS AND SERVICES, AND ALL LEVELS OF CARE THEY MAY NEED AT VARIOUS STAGES OF THEIR LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,869,016
Program Service Revenue $17,045,960
Investment Income $3,893,980
Other Revenue $212,267
TOTAL REVENUE $25,021,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,617,710
Fundraising Expenses $196,980
Program Expenses $18,674,001
Other Expenses $11,128,972
TOTAL EXPENSES $23,746,682

Year-over-Year Comparison

2022 2021 Change
Revenue $25,021,223 $21,479,111 +0.2%
Expenses $23,746,682 $20,498,539 +0.2%
Net Income $1,274,541 $980,572 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
235
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$634,436
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL JOHNSTON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CASEY ADAMS SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM KUMAGAI BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD GARLOCK BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE A KIRCHHOFF BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN PIERCE BOARD MEMBER 1.00
Director
$0 $0 $0
MORRIS SHOCKLEY PRESIDENT & CEO 40.00
Officer
$220,033 $21,280 $241,313
PATRICIA MURPHY VICE-PRESIDENT 40.00
Officer
$168,762 $44,976 $213,738
JOHNNY YOUNG CFO 40.00
Officer
$152,037 $27,348 $179,385
GARY ZUPPARDO CHIEF ENGINEER 40.00
Highest
$191,390 $20,171 $211,561
IVANIA RAMIREZ DIRECTOR OF NURSING 40.00
Highest
$165,489 $3,500 $168,989
AKHERE OSEZUA ASST. DIRECTOR OF NURSING 40.00
Highest
$158,305 $17,921 $176,226
ZHANA DUBIN ADMISSIONS DIRECTOR 40.00
Highest
$150,655 $12,695 $163,350
MARI ORTEGA-RUEDA RN CHARGE NURSE 40.00
Highest
$143,423 $17,835 $161,258
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $25,021,223 $23,746,682 $87,844,249 $1,274,541
2022 $21,479,111 $20,498,539 $86,831,720 $980,572
2021 $22,351,666 $19,898,299 $91,601,425 $2,453,367
2020 $18,313,454 $18,824,623 $83,559,690 $-511,169
2019 $17,186,491 $17,578,154 $85,510,383 $-391,663
2018 $18,766,874 $17,237,636 $86,146,302 $1,529,238
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