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Audit Reports
 
2010 CARF Survey Report
2008 Annual Report
2008 Financial Audit Report
2008 IRS 990 Form
2007 CARF Survey Report
2007 Annual Report
2007 Financial Audit Report
2007 IRS 990 Form
2006 Financial Audit Report
2006 IRS 990 Form
 
Notes:
The 2008 audit was performed by Brown Armstrong McCown Starbuck & Keeter Accountancy Corporation of Bakersfield and is available for inspection in the CEO office at 4901 Stine Road, Bakersfield, during regular business hours, or see PDF file below.
 
IRS 990 information may be found by visiting the State of California Attorney General's website (Charities Search) or at Guidestar.com. It is also available for inspection in the CEO office at 4901 Stine Road, Bakersfield, during regular business hours, or see PDF file below.
 
The complete 2008 Outcomes Measurement Report is available for inspection in the CEO office at 4901 Stine Road, Bakersfield, during regular business hours.
 
The most recent CARF Survey Report is available for inspection in the CEO office at 4901 Stine Road, Bakersfield, during regular business hours.
 
Other expense reported on this website does not reflect the losses attributable to the interest rate swap agreement used by the organization to convert from variable to fix mortgage interest rate related to owned facilities. Generally accepted accounting principles for nonprofit organizations require that any difference between the current value of such an agreement and its corresponding debt be recorded as an operating loss (or gain) along with a corresponding long-term liability (or asset) and are recorded on the audited financial statements. In 2007 and 2008, this differences resulted in losses of $255,567 and $805,483, respectively. We consider the exclusion of these losses from the above presentation provides the reader with a more relevant depiction of our operating results because the swap agreement requires no payment unless the loans are retired before the expiration of their full terms. Management intends to maintain the loans for their full terms and anticipates no need to do otherwise.
 
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4901 Stine Rd. Bakersfield, CA. 93313 | (661) 837-0595
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