Public Charity

MONTECEDRO INC

MONTECEDRO INC, of ALTADENA, CA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2023 filing shows $2.1M in revenue, $2.1M in expenses. 6 publicly reported grants to this organization, totaling roughly $194K, appear in IRS filings.

EIN: 270707394 ALTADENA, CA Latest filing: 2023
Total Revenue$2.1M
Total Expenses$2.1M
Grant Records6
Funding Total$194K
Filing Years2019–2023

Mission

MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS MONTECEDRO, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE TO PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSES.

Sample Grants Received

2020
TO PROVIDE BENEVOLENCE SUPPORT, CAPITAL SUPPORT, AND PROGRAM SERVICE FUNDS.
$13,704
2019
FOR PASTORAL CARE OF THE ELDERLY
$113,215
2018
FOR PASTORAL CARE OF THE ELDERLY
$22,500
2017
FOR PASTORAL CARE OF THE ELDERLY
$30,000
2017
TO PROVIDE BENEVOLENCE SUPPORT, CAPITAL SUPPORT, AND PROGRAM SERVICE FUNDS.
$14,442

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

DIRECTOR (THRU AUG 2022) Bill Horsfall
DIRECTOR OF ENVIRONMENTAL SERV / DIRECTOR OF ENVIRONMENTAL SERVICES Bruno Molina
CHAIR Catherine May
EVP & CFO / VP FINANCE & CFO Charlie Rahilly
EXECUTIVE DIRECTOR David Weidert
MARKETING-SALES Elizabeth Saldebar

Officer compensation and complete director data available with membership.

Top Grant Purposes

FOR PASTORAL CARE OF THE ELDERLY
$165,715 3 grants
TO PROVIDE BENEVOLENCE SUPPORT, CAPITAL SUPPORT, AND PROGRAM SERVICE FUNDS.
$28,146 2 grants

Financial Trends

Year Revenue Expenses Assets
2023 $2.1M $2.1M
2022 $21.4M $23.5M $184.4M
2021 $26.0M $23.2M $191.1M
2020 $19.9M $21.8M $187.5M
2019 $17.3M $18.5M $186.4M

Between 2019 and 2023, reported annual revenue declined from $17.3M to $2.1M (-88%).

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MONTECEDRO INC

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