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Lesley Foundation

EIN 94-6103170 · Half Moon Bay, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CORPORATION WAS FORMED (A) TO PROVIDE QUALITY, AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS ON A NON-PROFIT BASIS;CONTINUED ON SCHEDULE O

Income
$8.8 million
Spending
$7.1 million
Spent on programs
76%
Reserves
-11.1 months of spending
Largest source of income
government grants, 61%
Employees
23
Volunteers
8
Highest pay
$251,803, executive dir.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 61% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 20% of income.

  • Income trend

    10 of 15

    Income fell 0% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $4.7 million spent. LESLEY TOWERS, LLC - 198-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS
  2. $588,553 spent. PILGRIM PLAZA - 56-UNIT PROJECT PROVIDING LOW-INCOME HOUSING FOR SENIORS.
  3. $42,612 spent. THE FOUNDATION PROVIDES MANAGEMENT SERVICES FOR OCEAN VIEW PLAZA AND LESLEY GARDENS, AS WELL AS OTHER CONSULTING SERVICES.
  4. CONTINUED FROM PART III, LINE 1 (B) TO PLAN, CONSTRUCT, OPERATE, MAINTAIN, REHABILITATE, ALTER, CONVERT, AND IMPROVE HOUSING FOR SENIORS AND RELATED FACILITIES AND SERVICES FOR SENIOR FAMILIES AND PERSONS; (C) TO ACQUIRE BY GIFT OR PURCHASE, HOLD, SELL, CONVEY, ASSIGN, MORTGAGE OR LEASE ANY PROPERTY, REAL OR PERSONAL, NECESSARY OR INCIDENT TO THE PROVISIONS OF HOUSING AND RELATED FACILITIES AND SERVICES FOR SENIOR FAMILIES AND PERSONS;(D) TO BORROW MONEY AND ISSUE EVIDENCES OF INDEBTEDNESS IN FURTHERANCE OF ANY OR ALL OF THE OBJECTS OF ITS BUSINESS, AND TO SECURE LOANS BY MORTGAGE, DEED OF TRUST, PLEDGE OR OTHER LIEN; (E) TO APPLY FOR, OBTAIN AND CONTRACT WITH ANY FEDERAL AGENCY FOR A DIRECT LOAN OR LOANS OR OTHER FINANCIAL AID IN THE FORM OF MORTGAGE INSURANCE OR OTHERWISE FOR THE PROVISION OF HOUSING AND RELATED FACILITIES AND SERVICES FOR THE ELDERLY; AND (F) TO ENGAGE IN ANY KIND OF ACTIVITIES, AND TO ENTER INTO, PERFORM AND CARRY OUT CONTRACTS OF ANY KIND, NECESSARY OR IN CONNECTION WITH, OR INCIDENTAL TO THE ACCOMPLISHMENT OF ANY ONE OR MORE OF THE CHARITABLE PURPOSES OF THE CORPORATION.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1946.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.