Montecito Retirement Association
300 Hot Springs Rd Suite 300, Santa Barbara, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,810,617 | $40,551,081 | $40,730,336 |
| FY2023 | $40,878,663 | $37,537,540 | $37,714,628 |
| FY2022 | $36,999,925 | $35,714,026 | $32,612,012 |
| FY2021 | $32,824,214 | $31,376,245 | $35,613,411 |
| FY2020 | $29,919,706 | $29,123,983 | $32,853,516 |
| FY2019 | $28,938,264 | $27,287,288 | $29,796,178 |
| FY2018 | $32,579,232 | $26,037,780 | $25,448,817 |
| FY2017 | $30,643,456 | $25,328,063 | $20,867,714 |
| FY2016 | $27,695,346 | $24,159,552 | $13,204,783 |
| FY2015 | $27,290,081 | $23,984,122 | $9,283,166 |
| FY2014 | $26,150,211 | $23,554,888 | $7,811,485 |
| FY2013 | $23,995,065 | $22,541,481 | $6,308,235 |
| FY2012 | $21,717,539 | $22,507,875 | $2,784,901 |
| FY2011 | $20,889,114 | $20,849,902 | $1,483,417 |
Form 990 filings
The returns filed by Montecito Retirement Association (EIN 23-7425754), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,068,120 | 3% |
| Program service revenue | $39,371,335 | 94% |
| Other revenue | $1,371,162 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $35,378,525 | 87% |
| Management & general | $4,947,606 | 12% |
| Fundraising | $224,950 | 1% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 12%, and fundraising 1%.
- 87% of functional expenses went to program services in FY2024. That is higher than 56.2% of 315 Human Services organizations in CA.
- Net assets covered about 12.1 months of expenses at the end of the reporting year. That puts it in the 59th percentile among 4979 Human Services organizations in CA.
- Total revenue was higher than 98.1% of 5147 Human Services organizations in CA.
- Total revenue rose from $20,889,114 in FY2011 to $41,810,617 in FY2024. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2012).
- Net assets grew from $1,483,417 to $40,730,336 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MONTECITO RETIREMENT ASSOCIATION OPERATES CASA DORINDA, A CCRC LIFECARE RETIREMENT COMMUNITY IN MONTECITO, CALIFORNIA.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P750 — Human Services (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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