ALDERSLY

EIN: 941156461 501(c)(3) Human Services

SAN RAFAEL, CA

Total Revenue
$11,116,314
Total Expenses
$12,363,229
Total Assets
$113,293,437
Net Assets
$34,009,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
CA
Principal Officer
SHANNON BROWN
Phone
4154537425
Tax Period
2023-10-01 to 2024-09-30

ALDERSLY, founded in 1921, is a mid-sized nonprofit in the Human Services sector that reported $11.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $12.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVISION OF HOUSING AND NURSING SERVICES TO SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $7,379,663 Revenue: $2,961,233

INDEPENDENT LIVING FEES: IL INCLUDES LIVING UNIT ACCOMMODATION, 3 MEALS PER DAY, UTILITIES, WINDOW AND FLOOR COVERINGS, TOWELS & BED LINENS, WEEKLY LAUNDRY SERVICE FOR TOWELS & BED LINENS...

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INDEPENDENT LIVING FEES: IL INCLUDES LIVING UNIT ACCOMMODATION, 3 MEALS PER DAY, UTILITIES, WINDOW AND FLOOR COVERINGS, TOWELS & BED LINENS, WEEKLY LAUNDRY SERVICE FOR TOWELS & BED LINENS, HOUSEKEEPING SERVICES EVERY TWO WEEKS, SOCIAL/RECREATIONAL ACTIVITIES, MAINTENANCE OF BUILDINGS AND GROUNDS.

Program 2
Expenses: $1,785,178 Revenue: $3,091,746

ASSISTED LIVING FEES: AL INCLUDES ALL ITEMS PROVIDED IN IL PLUS THE FOLLOWING: ASSISTANCE WITH DRESSING, GROOMING, BATHING & OTHER PERSONAL HYGIENE; ASSISTANCE WITH MEDICATION; ARRANGEMENT OF...

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ASSISTED LIVING FEES: AL INCLUDES ALL ITEMS PROVIDED IN IL PLUS THE FOLLOWING: ASSISTANCE WITH DRESSING, GROOMING, BATHING & OTHER PERSONAL HYGIENE; ASSISTANCE WITH MEDICATION; ARRANGEMENT OF MEDICAL/DENTAL APPOINTMENTS; SUPERVISION OF RESIDENTS' SCHEDULES/ACTIVITIES; MONITORING OF FOOD INTAKE/SPECIAL DIETS; CARRYING OUT PHYSICIAN'S ORDERS.EXTENDED CARE FEES: EXTENDED CARE INCLUDES ALL ITEMS PROVIDED IN IL & AL AND IS A NATURAL EXTENSION OF THE COZY, COMFORTABLE, CONNECTED ATMOSPHERE RESIDENTS ENJOY THROUGHOUT ALL OF ALDERSLY. WHETHER A RESIDENT NEEDS TRANSITIONAL CARE AFTER A HOSPITAL OR SKILLED NURSING STAY, OR 24-HOUR MONITORED CARE FOR MANAGEABLE CHRONIC CONDITIONS, WE HAVE ALL THE NURSING CARE AND SUPPORT NECESSARY TO PROVIDE GREAT CARE ALONG WITH A HIGH LEVEL OF INDEPENDENCE.

Program 3
Expenses: $672,091 Revenue: $2,072,279

MEMORY CARE LIVING FEES: MC INCLUDES ALL ITEMS PROVIDED IN IL & AL PLUS THE FOLLOWING: TECHNOLOGICALLY ADVANCED MEMORY CARE RESIDENCES WITH AN ARRAY OF STATE-OF THE ART FEATURES CREATED TO ENHANCE...

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MEMORY CARE LIVING FEES: MC INCLUDES ALL ITEMS PROVIDED IN IL & AL PLUS THE FOLLOWING: TECHNOLOGICALLY ADVANCED MEMORY CARE RESIDENCES WITH AN ARRAY OF STATE-OF THE ART FEATURES CREATED TO ENHANCE THE LIFE EXPERIENCE AND WELLNESS OF THOSE WITH ALZHEIMER'S DISEASE OR OTHER RELATED DEMENTIAS. OUR COMPASSIONATE, HIGHLY TRAINED TEAM EMPLOYS REMINISCENCE TOOLS TO HELP RESIDENTS' FAMILY MEMBERS AND LOVED ONES CAPTURE THE DETAILS OF RESIDENTS' LIVES, THEIR CAREERS, HOBBIES, LIKES AND DISLIKES. WE THEN APPLY THE INSIGHTS GAINED FROM EACH LIFE STORY TO CREATE AN INDIVIDUALIZED CARE PLAN THAT PROMOTES PHYSICAL AND EMOTIONAL WELL-BEING, PROLONGS DAILY FUNCTIONING, AND MAINTAINS A SENSE OF PURPOSE, SATISFACTION, AND QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,098,758
Program Service Revenue $8,125,258
Investment Income $1,899,146
Other Revenue $-6,848
TOTAL REVENUE $11,116,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,101,047
Fundraising Expenses $254,484
Program Expenses $9,836,932
Other Expenses $7,262,182
TOTAL EXPENSES $12,363,229

Year-over-Year Comparison

2023 2022 Change
Revenue $11,116,314 $12,731,299 -0.1%
Expenses $12,363,229 $10,974,557 +0.1%
Net Income $-1,246,915 $1,756,742 -1.7%
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
11
Independent Members
11
Employees
101
Volunteers
18

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
6
$262,105
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON BROWN EXECUTIVE DIRECTOR 40.00
Officer
$227,208 $34,897 $262,105
MELANIE FENN HEALTH & WELLNESS DIRECTOR 40.00
Highest
$135,586 $11,284 $146,870
FRANK FERRONI DIRECTOR OF PLANT OPERATIONS 40.00
Highest
$110,468 $11,790 $122,258
SOURABH SINGH RESIDENT CARE MANAGER 40.00
Highest
$114,022 $4,541 $118,563
JOSHUA SEIBERT DIRECTOR OF FOOD SERVICES 40.00
Highest
$110,841 $4,258 $115,099
PETER SCHAKOW PRESIDENT 10.00
Officer Director
$0 $0 $0
PAUL CASTRO SENIOR VP 10.00
Officer Director
$0 $0 $0
PER CAROE VP 8.00
Officer Director
$0 $0 $0
SUSAN PETERSEN TREASURER 8.00
Officer Director
$0 $0 $0
RUTH ANN VOSMEK SECRETARY 8.00
Officer Director
$0 $0 $0
MARK DAVIS DIRECTOR 8.00
Director
$0 $0 $0
MICHAEL B HANSEN DIRECTOR 8.00
Director
$0 $0 $0
BIRGIT JACOBSON DIRECTOR 8.00
Director
$0 $0 $0
NIELSEN KVAAVIK DIRECTOR 8.00
Director
$0 $0 $0
JEPPE LARSEN DIRECTOR 8.00
Director
$0 $0 $0
ED LEWIS DIRECTOR 8.00
Director
$0 $0 $0
ROBERT WILHELM DIRECTOR (THROUGH JULY 24) 8.00
Director
$0 $0 $0
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
2024 $11,116,314 $12,363,229 $113,293,437 $-1,246,915
2023 $12,731,299 $10,974,557 $106,254,004 $1,756,742
2022 $17,581,570 $9,732,466 $43,324,427 $7,849,104
2021 $11,862,143 $10,191,944 $40,109,136 $1,670,199
2020 $11,029,511 $11,061,185 $38,205,152 $-31,674
2019 $9,946,984 $10,172,258 $36,361,569 $-225,274
2018 $9,933,486 $9,471,628 $36,070,429 $461,858
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