SILVER2023

Keiro Services

Advancing the Quality of Senior Life

aka Keiro Senior HealthCare and The Institute for Healthy Aging at Keiro   |   Los Angeles, CA   |  www.keiro.org
GuideStar Charity Check

Keiro Services

EIN: 95-4022185


Mission

Founded in 1961, Keiro aims to enhance the quality of senior life in Our Community.

Ruling year info

1989

President & Chief Executive Officer

Beverly Ito

Main address

420 E Third St Ste 1000

Los Angeles, CA 90013 USA

Show more contact info

EIN

95-4022185

Subject area info

Senior assisted living

Senior services

Population served info

Seniors

People of East Asian descent

Low-income people

People with disabilities

Caregivers

NTEE code info

Senior Centers/Services (P81)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Keiro

Founded in 1961, Keiro is a mission-driven organization engaged in improving the quality of life for older adults and their caregivers in the Japanese American and Japanese community of Los Angeles, Orange and Ventura counties.

Keiro delivers a wide range of resources to address the challenges and barriers that aging presents. Keiro also partners with companies and organizations that can expand its services and ability to reach seniors and caregivers, and participates in research and innovative work where Keiro can contribute to advancing progress in resolving the challenges of aging.

Population(s) Served
Seniors
Caregivers

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Financials

Keiro Services
Fiscal year: Nov 01 - Oct 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

86.48

Average of 50.36 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

4.5

Average of 8.2 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

17%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Keiro Services

Revenue & expenses

Fiscal Year: Nov 01 - Oct 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Keiro Services

Balance sheet

Fiscal Year: Nov 01 - Oct 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Keiro Services

Financial trends analysis Glossary & formula definitions

Fiscal Year: Nov 01 - Oct 31

SOURCE: IRS Form 990 info

This snapshot of Keiro Services’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $1,384,649 $2,781,106 $14,745,252 -$18,481,323 $2,747,967
As % of expenses 32.4% 71.4% 378.4% -429.8% 59.6%
Unrestricted surplus (deficit) after depreciation $1,300,474 $2,724,041 $14,712,237 -$18,512,641 $2,723,322
As % of expenses 29.8% 69.0% 374.4% -427.4% 58.7%
Revenue composition info
Total revenue (unrestricted & restricted) $1,012,425 $1,046,146 $1,616,681 $1,585,755 $8,199,245
Total revenue, % change over prior year -97.8% 3.3% 54.5% -1.9% 417.1%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 34.7% 12.3% 10.5% 30.2% 21.5%
Government grants 0.0% 0.0% 26.0% 0.0% 0.0%
All other grants and contributions 52.5% 71.0% 52.4% 58.3% 18.9%
Other revenue 12.8% 16.7% 11.2% 11.6% 59.6%
Expense composition info
Total expenses before depreciation $4,275,585 $3,893,062 $3,896,418 $4,299,946 $4,612,186
Total expenses, % change over prior year 33.0% -8.9% 0.1% 10.4% 7.3%
Personnel 32.8% 36.6% 36.1% 41.9% 40.7%
Professional fees 20.6% 14.2% 16.2% 13.1% 11.8%
Occupancy 4.7% 4.5% 4.9% 4.6% 5.5%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 5.7% 6.1% 6.4% 5.8% 6.5%
All other expenses 36.3% 38.5% 36.4% 34.6% 35.5%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $4,359,760 $3,950,127 $3,929,433 $4,331,264 $4,636,831
One month of savings $356,299 $324,422 $324,702 $358,329 $384,349
Debt principal payment $0 $0 $175,235 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $4,716,059 $4,274,549 $4,429,370 $4,689,593 $5,021,180

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 11.3 6.5 5.4 4.3 4.5
Months of cash and investments 215.3 251.7 314.8 217.7 214.5
Months of estimated liquid unrestricted net assets 160.8 185.2 230.5 157.3 153.8
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $4,012,295 $2,119,590 $1,758,914 $1,532,213 $1,712,616
Investments $72,712,875 $79,542,221 $100,451,978 $76,490,004 $80,726,511
Receivables $216,007 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $664,647 $664,647 $664,647 $660,897 $636,667
Accumulated depreciation (as a % of LBE) 62.6% 71.2% 76.2% 81.3% 84.5%
Liabilities (as a % of assets) 0.4% 0.4% 0.2% 0.3% 1.1%
Unrestricted net assets $57,551,911 $60,275,952 $74,988,189 $56,475,548 $59,198,870
Temporarily restricted net assets $12,962,748 N/A N/A N/A N/A
Permanently restricted net assets $10,639,696 N/A N/A N/A N/A
Total restricted net assets $23,602,444 $25,281,342 $31,467,137 $24,359,432 $24,854,053
Total net assets $81,154,355 $85,557,294 $106,455,326 $80,834,980 $84,052,923

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President & Chief Executive Officer

Beverly Ito

Number of employees

Source: IRS Form 990

Keiro Services

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Keiro Services

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
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Keiro Services

Board of directors
as of 02/14/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Lynn Miyamoto

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/14/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Asian/Asian American
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.