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Marin nonprofits to share $2.8 million asset pile

Marin nonprofits to share $2.8 million asset pileA new organization for seniors and the disabled will take over office space and receive $125,000 from MarinSpace, a nonprofit distributing its assets as it prepares to dissolve.

The Aging and Disability Institute, to be led by Whistlestop senior center and the Marin Center for Independent Living, is one of five nonprofits selected to receive a slice of $2.77 million in resources, including $270,000 in cash and a Terra Linda property worth an estimated $2.5 million that can house nine nonprofits.

“We wanted to provide a broad array of assets to a broad array of nonprofits serving a large array of the population,” said Peter Lee, interim executive director of MarinSpace, which was established in 1988. “I think that happened. I’m happy about the way it turned out.”

MarinSpace, a nonprofit promoting collaboration among nonprofits, announced earlier this year that it would distribute its assets by Dec. 31. The group is expected to remain in operation through late February.

The group’s board voted to dissolve the organization after longtime CEO Shelley Hamilton announced she would return to project-based consulting. She transitioned in May from her full-time role to a part-time position as director of project consulting.

The organization started with a goal of providing below-market rent to local nonprofits. It fulfilled that goal when it established its 14,500-square-foot building at 70 Skyview Terrace in Terra Linda, which today houses the Center for Restorative Practice, Senior Access and five other organizations. A use permit limits the building’s use to office space for nonprofits.

The property has been awarded to the Aging and Disability Institute, an entity to be made of numerous organizations working to address the growing need for support for Marin’s older adult and disabled populations.

“What we want to accomplish is having a campus dedicated to providing one-stop services — professional development resources for other providers in the field, caregiver support, family resources for individuals looking to help take care of family members and workforce training for caregivers and individuals in the field,” said Eli Gelardin, executive director of San Rafael’s Marin Center for Independent Living.

Whistlestop CEO Joe O’Hehir said the organizations are thankful to have been chosen to receive the Skyview Terrace site.

“I think we’re incredibly grateful to be selected to be able to take the assets of MarinSpace and really continue their legacy through the work we’re doing,” O’Hehir said. “We have a vision of creating an aging and disability institute at that campus there that should be a real game changer for the community.”

The building brings in roughly $280,000 a year in revenue, not including related expenses, according to MarinSpace. The Aging and Disability Institute is expected to take on $570,000 of mortgage debt. O’Hehir said the organizations will honor existing tenants’ leases.

Over the next couple of years the goal will be to relocate senior and disability nonprofits to the site for a true one-stop shop for senior and disability services and programs, he said.

There are no plans to relocate Whistlestop to the campus, O’Hehir said. The plan remains for the senior center, situated at 930 Tamalpais Ave. in San Rafael, to move to the former Pacific Gas and Electric Co. site at 999 Third St., which would be shared with San Rafael biotech company BioMarin. A design package was recently submitted to the city of San Rafael and a study session is anticipated for the proposal in February, O’Hehir said.

With the $125,000 the Aging and Disability Institute is receiving in assets, the plan is to pay for deferred maintenance at the Skyview Terrace site.

Other organizations benefiting from the asset distribution include Marin Promise Partnership, a San Rafael collective dedicated to education equity, which will receive $100,000. The organization plans to expand its programs and services.

The remaining $45,000 will be split evenly among three groups including Larkspur-based Enriching Lives through Music, which plans to expand its programs serving low-income families; San Rafael’s, which plans to purchase a new refrigerated truck for food deliveries to partner organizations serving low-income and homeless populations; and San Rafael’s Ritter Center, which plans to use funds to assist with its relocation of services from its downtown location.

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