Sierra View Residences Llc

Nonprofit profile at a glance

EIN
464395327
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Reedley, CA, USA
Phone
5596389226
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$2,452,209
Expenses
$2,646,635
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ROBERTA LINSCHEID (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ROBERTA LINSCHEID (EXECUTIVE DIRECTOR): $132,247 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The llc operates residential apartments (115) to provide relatively low-cost housing for the aged. About 120 or more elderly people and couples are served, at any one time, during the year (depending on occupancy and whether married or single residents are renting an apartment). The llc is a wholly owned entity of sierra view homes (California corporation). Sierra view homes is a tax-exempt irc 501(c)(3) organization for both federal and California. The llc operates in the following manner: 1. The llc is an irc 509(a)(3) supporting organization and operates the residential apartments on behalf of sierra view homes. 2. All the net income of the llc is distributed to sierra view homes. The llc has no assets of its own as it merely operates the residential apartments for sierra view homes. 3. Sierra view homes owns the real estate and furnishings of the residential apartments. It is leasing the facility to the llc for a nominal amount.

What it reported doing in 2024

The llc operates residential apartments (115) to provide relatively low-cost housing for the aged. About 120 or more elderly people and couples are served, at any one time, during the year (depending on occupancy and whether married or single residents are renting an apartment).

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 17
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98%; rating input score 98
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.9%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.2%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 25.7% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: Limited

Details

  • Where the money goes: 98% of revenue deployed · 90.8% of spending went to programs
  • Governance: 9 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.4M in reported program spending
  • Leadership: top reported pay $132K · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $176K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.