REDWOOD SHORES SENIOR HOUSING INC

EIN: 943190749 501(c)(3)

SAN FRANCISCO, CA

Total Revenue
$1,040,787
Total Expenses
$1,438,782
Total Assets
$9,374,301
Net Assets
$9,176,292
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
DELPHINE SHERMAN
Phone
4159891111
Tax Period
2023-01-01 to 2023-12-31

REDWOOD SHORES SENIOR HOUSING INC, founded in 1994, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

MISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE) BY PROVIDING LOW INCOME HOUSING. BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

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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 $537,691
Program Service Revenue $452,975
Investment Income $32,331
Other Revenue $17,790
TOTAL REVENUE $1,040,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,412,584
Other Expenses $1,438,782
TOTAL EXPENSES $1,438,782

Year-over-Year Comparison

2023 2022 Change
Revenue $1,040,787 $1,014,077 +0.0%
Expenses $1,438,782 $1,446,719 0.0%
Net Income $-397,995 $-432,642 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
10
$4,992,703
Total Directors
5
$3,030,789
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH LOMBARD PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $47,242 $1,055,151
DELPHINE SHERMAN VICE PRESIDENT & CFO/DIRECTOR 1.00
Officer Director
$0 $120,312 $537,816
REBECCA HLEBASKO VICE PRESIDENT & SECRETARY/DIRECTOR 1.00
Officer Director
$0 $100,838 $509,625
JAMES MATHER VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $108,335 $513,728
SIERRA ATILANO VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $48,028 $414,469
ARUNA DODDAPANENI VICE PRESIDENT (OUTGOING) 1.00
Officer
$0 $55,741 $530,227
BRAD WIBLIN VICE PRESIDENT (OUTGOING) 1.00
Officer
$0 $97,083 $494,108
KATHERINE FLEMING VICE PRESIDENT (OUTGOING) 1.00
Officer
$0 $16,509 $173,338
NATALIA WILLIAMS VICE PRESIDENT 1.00
Officer
$0 $27,088 $256,538
SMITHA SESHADRI VICE PRESIDENT 1.00
Officer
$0 $90,294 $507,703
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 No data No data No data No data
2023 $1,040,787 $1,438,782 $9,374,301 $-397,995
2022 $1,014,077 $1,446,719 $9,794,224 $-432,642
2021 $1,070,905 $1,327,665 $10,210,618 $-256,760
2020 $1,104,788 $1,259,098 $10,466,836 $-154,310
2019 $2,386,315 $1,143,870 $12,409,594 $1,242,445
2018 $2,392,960 $1,129,122 $9,306,873 $1,263,838
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