Nonprofit · EIN 94-1437728
SEQUOIA LIVING INC
Tax-exempt · SAN FRANCISCO, CA 94109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $119,194,539 | $120,987,756 | -$1,793,217 | $448,906,798 | $234,657,398 | $214,249,400 |
| December 31, 2023 | 990 | $111,034,455 | $112,723,907 | -$1,689,452 | $416,631,052 | $221,762,774 | $194,868,278 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,550,141
- of which government grants
- $396,895
- Program service revenue
- $102,679,946
- Investment income
- $9,846,994
- Net gain from sales of assets
- $1,900,804
- Other revenue
- $117,458
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,053,348
- Other salaries and wages
- $33,551,657
- Salaries, compensation and benefits (total)
- $44,959,277
- Professional fundraising fees
- $0
- Legal fees
- $491,722
- Accounting fees
- $403,140
- Occupancy
- $5,786,402
- Travel
- $147,273
- Depreciation
- $15,271,511
- Program services (functional)
- $108,272,580
- Management and general (functional)
- $12,057,169
- Fundraising (functional)
- $658,007
Balance sheet and other
- Total assets, start of year
- $416,631,052
- Total assets, end of year
- $448,906,798
- Total liabilities, end of year
- $234,657,398
- Net assets, end of year
- $214,249,400
- Land, buildings and equipment
- $180,906,093
- Publicly traded securities
- $105,145,415
- Net assets without donor restrictions
- $214,249,400
- Gross receipts
- $128,498,383
- Employees
- 481
- Volunteers
- 159
- Year formed
- 1958
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA MCVEY | PRESIDENT & CEO Officer | 33 | $608,060 | $37,255 |
| CHARLIE SHOEMAKE | CHIEF FINANCIAL OFFICER Officer | 33 | $399,417 | $43,792 |
| DAVID LATINA | CHIEF BUSINESS DEVELOPMENT OFFICER Key employee | 30 | $372,640 | $48,359 |
| MARTHA ATWOOD | CHIEF HR OFFICER & CCO, SECRETARY Officer | 33 | $309,267 | $43,294 |
| PAUL FRIESEN | EXECUTIVE DIRECTOR, TAMALPAIS Key employee | 40 | $292,996 | $39,445 |
| SUZANNE FAIRLEY | EXECUTIVE DIRECTOR, PORTOLA VALLEY Key employee | 40 | $284,022 | $39,061 |
| GLEN ALAN GODDARD | EXECUTIVE DIRECTOR, SSF Key employee | 40 | $277,323 | $38,789 |
| ELAINE LIAO | VP FINANCE/CONTROLLER Key employee | 40 | $253,214 | $48,105 |
| MARC SHORES | VP OF OPERATIONS AND FINANCE Key employee | 30 | $269,095 | $12,070 |
| TERENCE TUMBALE | ADMINISTRATOR, THE TAMALPAIS & SSF Highest-paid employee | 40 | $231,709 | $46,824 |
| KAZUAKI TAKAHASHI | VP OF FACILITIES Key employee | 40 | $223,285 | $32,489 |
| PAULA RATHGABER-GOMEZ | VP OF SALES AND MARKETING Key employee | 30 | $236,377 | $6,850 |
| MARK MIZUHARA | VP OF HUMAN RESOURCES Key employee | 40 | $233,082 | $10,012 |
| ZENAIDA LORETE | SPV DIRECTOR OF SALES Highest-paid employee | 40 | $230,596 | $9,993 |
| CALVIN GROENEWEG | VP OF RISK MGMT & CLINICAL SERVICES Key employee | 40 | $194,934 | $35,592 |
18 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN OTTERNESS | SSF DIRECTOR OF SALES Highest-paid employee | 40 | $210,303 | $18,092 |
| SAMIR PATEL -DIRECTOR OF | BUSINESS APPS & DATA ANALYSIS Highest-paid employee | 40 | $195,863 | $20,769 |
| JANINE TIMOTEO | RN TAM Highest-paid employee | 40 | $195,149 | $20,739 |
| STEVE HIEGER -CHIEF INFORMATION | SYSTEMS OFFICER (THRU 5/24) Key employee | 40 | $163,695 | $17,937 |
| DIANNE SPAULDING | BOARD CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| STEVEN H HERMAN | BOARD VICE CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| VAL AGOSTINO | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| RICHARD CORRIEA | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MICHELE STRATTON | BOARD MEMBER (THRU 1/24) Trustee or director | 0.8 | $0 | $0 |
| CARL GORDON HOWIE | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| HOLLY ITO | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| DAVID JAMISON | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MARIANNE LIM | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| PATRICIA LYNN | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| NANCY HIROKO MAYEDA | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MARILYN SUEY | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| REX JAMISON MD | BOARD MEMBER (THRU 1/24) Trustee or director | 0.7 | $0 | $0 |
| CORY SANDERSON | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA MCVEY | PRESIDENT & CEO Officer | 36 | $580,233 | $34,919 |
| CHARLIE SHOEMAKE | CHIEF FINANCIAL OFFICER Officer | 36 | $382,230 | $40,491 |
| DAVID LATINA | CHIEF BUSINESS DEVELOPMENT OFFICER Key employee | 30 | $294,603 | $46,410 |
| PAUL FRIESEN | EXECUTIVE DIRECTOR, TAMALPAIS Key employee | 40 | $280,732 | $35,036 |
| MARTHA ATWOOD | CHIEF HR OFFICER & CCO, SECRETARY Officer | 36 | $296,392 | $17,119 |
| GLEN ALAN GODDARD | EXECUTIVE DIRECTOR, SSF Key employee | 40 | $265,084 | $35,709 |
| STEVE HIEGER | CHIEF INFORMATION SYSTEMS OFFICER Key employee | 40 | $263,709 | $35,693 |
| ELAINE LIAO | VP FINANCE/CONTROLLER Key employee | 40 | $240,708 | $44,131 |
| SUZANNE FAIRLEY | EXECUTIVE DIRECTOR, PORTOLA VALLEY Key employee | 40 | $254,481 | $27,697 |
| TERENCE TUMBALE | ADMINISTRATOR, THE TAMALPAIS Highest-paid employee | 40 | $222,261 | $42,908 |
| RAY BOUDEWYN | VP OF FACILITY MANAGEMENT Key employee | 40 | $209,735 | $32,626 |
| MARK MIZUHARA | VP OF HUMAN RESOURCES Key employee | 40 | $222,426 | $9,514 |
| SOURABH SING | LVN - TAM Highest-paid employee | 40 | $204,373 | $19,531 |
| CALVIN GROENEWEG | VP OF RISK MGMT & CLINICAL SERVICES Key employee | 40 | $187,272 | $32,688 |
| JANINE TIMOTEO | RN Highest-paid employee | 40 | $190,929 | $19,317 |
| MARY O'SULLIVAN | TAM DIRECTOR OF SALES Highest-paid employee | 40 | $188,031 | $19,231 |
| SUSAN DICHTER | VP COMMUNITY SERVICES Key employee | 20 | $183,174 | $19,067 |
| PAULA RATHGAVER-GOMEZ | VP OF SALES AND MARKETING Highest-paid employee | 40 | $196,830 | $340 |
| DIANNE SPAULDING | BOARD CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| STEVEN H HERMAN | BOARD VICE CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| VAL AGOSTINO | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| RICHARD CORRIEA | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MICHELE STRATTON | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| CARL GORDON HOWIE | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| HOLLY ITO | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| DAVID JAMISON | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MARIANNE LIM | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| PATRICIA LYNN | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| NANCY HIROKO MAYEDA | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| MARILYN SUEY | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| REX JAMISON MD | BOARD MEMBER Trustee or director | 0.7 | $0 | $0 |
| GARY FREEMAN | BOARD MEMBER (THRU 6/23) Trustee or director | 0.7 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1525 POST ST, SAN FRANCISCO, CA 94109-6567
- In care of
- % NAN BOYD CFO
- Principal officer (990 for 2024)
- SARA MCVEY, 1525 POST STREET, SAN FRANCISCO, CA 94109
- Signed the 990
- MARC SHORES, CFO
- Phone
- (415) 202-7800
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
SEQUOIA LIVING, INC. WILL, WITHIN ITS HUMAN RESOURCES AND FINANCIAL CAPABILITIES, PROVIDE ORGANIZATIONAL STRUCTURE AND LEADERSHIP TO MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE OF OLDER PERSONS FROM ALL ECONOMIC LEVELS AND VARIED CULTURAL BACKGROUNDS THROUGH DIVERSIFIED OPERATIONS WHICH OFFER HOUSING AND PROGRAMS OF PHYSICAL, SOCIAL, HEALTH AND SPIRITUAL CARE.
Program accomplishments
- CONTINUING CARE RETIREMENT COMMUNITIES:SEQUOIA LIVING, INC. PROVIDES APARTMENTS, MEALS, LAUNDRY, HOUSEKEEPING, SOCIAL AND CULTURAL ACTIVITIES, AND MEDICAL CARE FOR AROUND 908 RESIDENTS. NEARLY ALL OCCUPANTS HAVE EXECUTED LIFE CARE RESIDENCE AND CARE AGREEMENTS THAT GIVE THEM ACCESS TO ASSISTED LIVING, DEMENTIA CARE, AND SKILLED NURSING IF NEEDED AS THEY AGE AND BECOME FRAILER. A MAJOR PROBLEM FOR THE ELDERLY IS ISOLATION AND DEPRESSION CAUSED BY ECONOMIC, SOCIAL, AND PHYSICAL BARRIERS TO PARTICIPATION IN ACTIVITIES AND CIVIC LIFE. CONTINUING CARE COMMUNITIES REMOVE THESE BARRIERS AND FACILITATE THE ACTIVE ENGAGEMENT OF RESIDENTS. THEY ALSO SMOOTH OUT DIFFICULT AND DISRUPTIVE TRANSITIONS OCCASIONED WHEN PEOPLE NEED HIGHER LEVELS OF PROFESSIONAL ASSISTANCE. IN THE EVENT THAT A RESIDENT RUNS SHORT OF RESOURCES TO COVER THE COST OF CARE, SEQUOIA LIVING WILL WORK WITH THEM AND THEIR FAMILIES AND THROUGH ITS FOUNDATION, WILL SUBSIDIZE EXPENSES SO THAT RESIDENTS ARE NOT FORCED TO MOVE.Expenses $108,272,580 · revenue $102,679,946
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1437728
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $448,906,798
- Income (IRS master file)
- $128,498,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $111,034,455 | $112,723,907 | $416,631,052 | IRS |
| 990 | December 2022 | $113,242,367 | $104,652,167 | $422,410,239 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SEQUOIA LIVING INC
- What is the EIN of SEQUOIA LIVING INC?
- The employer identification number (EIN) of SEQUOIA LIVING INC is 94-1437728.
- Is SEQUOIA LIVING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to SEQUOIA LIVING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEQUOIA LIVING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEQUOIA LIVING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEQUOIA LIVING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SEQUOIA LIVING INC?
- The 990 for the year ended December 31, 2024 names SARA MCVEY.
- Who are the officers and directors of SEQUOIA LIVING INC?
- The 990 for the year ended December 31, 2024 lists 33 people; 19 received compensation from the organization, the highest $608,060 (SARA MCVEY, PRESIDENT & CEO).
- How much revenue does SEQUOIA LIVING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $119,194,539, expenses of $120,987,756 and total assets of $448,906,798 at year end.
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