KOKORO ASSISTED LIVING INC

EIN: 943271217 501(c)(3) Housing & Shelter

SAN FRANCISCO, CA

Total Revenue
$3,972,344
Total Expenses
$4,090,132
Total Assets
$8,310,067
Net Assets
$-1,177,246
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CA
Principal Officer
NAOKO JONES
Phone
4157668066
Tax Period
2023-10-01 to 2024-09-30

KOKORO ASSISTED LIVING INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ASSISTED LIVING HOUSING SERVICES. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROVIDE FOR THE PHYSICAL, SOCIAL AND SPIRITUAL CARE OF FRAIL ELDERLY PERSONS, INCLUDING FRAIL ELDERLY PERSONS WITH DISABILITIES, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, SO THAT THEY MAY CONTINUE TO LIVE WITHIN THE COMMUNITY WITH DIGNITY AND COMFORT DURING THE REMAINING YEARS OF THEIR LIVES OR FOR AS LONG AS IT IS PRACTICABLE.THE CORPORATION'S TARGET POPULATION SHALL BE THE JAPANESE AND JAPANESE-AMERICAN COMMUNITY OF THE SAN FRANCISCO BAY AREA, BUT MAY INCLUDE MEMBERS OF ANY OTHER NATIONALITY OR ETHNIC BACKGROUND.THE CORPORATION SEEKS TO FULFILL THE DESIRE OF ITS COMMUNITY FOR SENIORS TO LIVE IN DIGNITY AND COMFORT WITHIN THE JAPANESE AMERICAN COMMUNITY OF THE SAN FRANCISCO BAY AREA. THE CORPORATION WILL PROVIDE FOR THE PHYSICAL, SOCIAL AND SPIRITUAL CARE OF SENIORS UNDER THE SUPERVISION OF A CULTURALLY SENSITIVE, QUALIFIED AND LICENSED SERVICE PROVIDER.

Program Service Accomplishments

Program 1
Expenses: $3,591,913

THE ORGANIZATION OPERATES AN ASSISTED LIVING SENIOR HOUSING FACILITY PRIMARILY FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS. THE FACILITY HAS 54 UNITS, OF WHICH 37 ARE FOR LOW-TO-MODERATE INCOME...

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THE ORGANIZATION OPERATES AN ASSISTED LIVING SENIOR HOUSING FACILITY PRIMARILY FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS. THE FACILITY HAS 54 UNITS, OF WHICH 37 ARE FOR LOW-TO-MODERATE INCOME ELDERLY RESIDENTS.

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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 $479,090
Program Service Revenue $3,518,510
Investment Income $-25,256
Other Revenue $0
TOTAL REVENUE $3,972,344

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,245,431
Fundraising Expenses $0
Program Expenses $3,591,913
Other Expenses $1,844,701
TOTAL EXPENSES $4,090,132

Year-over-Year Comparison

2023 2022 Change
Revenue $3,972,344 $3,525,938 +0.1%
Expenses $4,090,132 $3,743,533 +0.1%
Net Income $-117,788 $-217,595 -0.5%
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
7
Independent Members
7
Employees
49
Volunteers
11

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGUMI AIHARA Secretary 2.00
Officer Director
$0 $0 $0
STEVE SUZUKI Vice President 2.00
Officer Director
$0 $0 $0
CLARA ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
GRACE TOYOMURA BOARD MEMBER 2.00
Director
$0 $0 $0
RODNEY CHIN President 2.00
Officer Director
$0 $0 $0
JEFFREY ZIMMERMAN BOARD MEMBER 2.00
Director
$0 $0 $0
CANDY RUPP BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN MORROW Treasurer 5.00
Officer Director
$0 $0 $0
NAOKO JONES Executive Dir. 40.00
Officer
$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 $3,972,344 $4,090,132 $8,310,067 $-117,788
2023 $3,525,938 $3,743,533 $7,918,647 $-217,595
2022 $3,077,568 $3,485,810 $8,304,612 $-408,242
2021 $3,230,433 $3,332,272 $8,928,213 $-101,839
2020 $3,154,614 $3,265,485 $9,422,234 $-110,871
2019 $2,959,672 $3,059,816 $9,269,793 $-100,144
2018 $3,191,129 $3,189,881 $9,319,214 $1,248
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