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← SENIOR HOUSING ASSISTANCE GROUP

Form 990 for tax year 2022

Filed by SENIOR HOUSING ASSISTANCE GROUP.

What the amendment changed

Compared with the return it replaced , filed 5 August 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$37,172,442 changed to $56,099,956
Total expenses
$38,673,848 changed to $56,094,935
Grants paid
$1,567,276 changed to $1,180,944
Program service revenue
$36,795,589 changed to $55,785,821
Investment income
$376,853 changed to $307,301
Other revenue
$0 changed to $6,834
Total assets, end of year
$13,973,610 changed to $15,256,813
Total liabilities, end of year
$2,000,181 changed to $2,099,434
Net assets or fund balances, end of year
$11,973,429 changed to $13,157,379
Program services expenses
$24,751,557 changed to $55,100,779
Management and general expenses
$13,904,548 changed to $994,156
Fundraising expenses
$17,743 changed to $0
Program service expenses (Part III)
$24,751,557 changed to $55,100,779

Listed only on the earlier return

  • Karen Lucas

Listed under a different title

  • Jesse Bond: DIRECTOR then DIRECTOR & VICE CHAIR
  • John Iwanski: DIRECTOR (THROUGH...) then DIRECTOR (THROUGH OCTOBER 2022)
  • Mary Wagner: VICE CHAIR then VICE CHAIR & CHAIR
  • Scott Lumsden: CHAIR then CHAIR & DIRECTOR

Totals

Total revenue
$56,099,956
Total expenses
$56,094,935
Contributions and grants received
$0
Grants paid
$1,180,944
Program service revenue
$55,785,821
Investment income
$307,301
Other revenue
$6,834
Total assets, end of year
$15,256,813
Total liabilities, end of year
$2,099,434
Net assets or fund balances, end of year
$13,157,379
Program services expenses (Part IX)
$55,100,779
Management and general expenses
$994,156
Fundraising expenses
$0
Program service expenses (Part III)
$55,100,779

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL REVENUE

    total $55,129,153 · related or exempt $55,129,153

  • 2b · Program service revenue: INVESTMENT IN PARTNERSHIPS

    total $412,778 · related or exempt $412,778

  • 2c · Program service revenue: MANAGEMENT FEES

    total $243,890 · related or exempt $243,890

  • 3 · Investment income

    total $327,053 · excluded $327,053

  • 7a · Gross sales of assets other than inventory

    securities $323,334

  • 7b · Less cost or other basis and sales expenses

    securities $343,086

  • 7c · Gain or loss

    securities -$19,752

  • 7d · Net gain or loss

    total -$19,752 · excluded -$19,752

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,834 · excluded $6,834

  • 11e · Other revenue, total

    $6,834

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,180,944 · program services $1,180,944

  • 7 · Other salaries and wages

    total $207,402 · program services $177,546 · management and general $29,856

  • 9 · Other employee benefits

    total $40,287 · program services $34,488 · management and general $5,799

  • 11a · Fees: management

    total $2,448,104 · program services $1,527,344 · management and general $920,760

  • 11b · Fees: legal

    total $1,068 · program services $666 · management and general $402

  • 11c · Fees: accounting

    total $5,628 · program services $3,511 · management and general $2,117

  • 11f · Fees: investment management

    total $55,403 · program services $34,565 · management and general $20,838

  • 11g · Fees: other

    total $9,436 · program services $5,887 · management and general $3,549

  • 13 · Office expenses

    total $267 · program services $150 · management and general $117

  • 14 · Information technology

    total $1,278 · program services $720 · management and general $558

  • 16 · Occupancy

    total $52,120,809 · program services $52,120,809

  • 23 · Insurance

    total $2,251 · program services $1,729 · management and general $522

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $16,916 · program services $9,525 · management and general $7,391

  • 24b · Other expenses: EMPLOYEE RELATIONS

    total $3,602 · program services $2,028 · management and general $1,574

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $1,540 · program services $867 · management and general $673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $351,661 · end of year $571,086

  • 2 · Savings and temporary cash investments

    beginning of year $300,798 · end of year $357,754

  • 4 · Accounts receivable

    beginning of year $112,673 · end of year $123,890

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,991 · end of year $5,639

  • 11 · Investments: publicly traded securities

    beginning of year $11,635,848 · end of year $12,416,234

  • 15 · Other assets

    beginning of year $1,570,639 · end of year $1,782,210

  • 17 · Accounts payable and accrued expenses

    beginning of year $301,429 · end of year $365,282

  • 19 · Deferred revenue

    beginning of year $20,000 · end of year $20,000

  • 21 · Escrow or custodial account liability

    beginning of year $1,497,426 · end of year $1,714,002

  • 25 · Other liabilities

    beginning of year $181,326 · end of year $150

  • 27 · Net assets without donor restrictions

    beginning of year $11,973,429 · end of year $13,157,379

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER LOW-INCOME AND AFFORDABLE HOUSING FOR SENIORS AND TO PROMOTE, THROUGH NETWORKING WITH OTHER NON-PROFITS, THE SUPPORTS AND SERVICES NECESSARY TO MAINTAIN INDEPENDENCE AND HOUSING STABILITY.

Activities or mission (Part I)

TO FOSTER AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME SENIORS AND PEOPLE 55+ WITH DISABILITIES.

  • THE ORGANIZATION IS RESPONSIBLE FOR FACILITATING THE DEVELOPMENT OF 30 QUALIFIED HOUSING PROJECTS FOR LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS AND HOUSEHOLDS CONTAINING A TOTAL OF 5,000 DWELLING UNITS. IN ADDITION, THE ORGANIZATION IS RESPONSIBLE FOR THE OPERATION OF 28 FEDERALLY QUALIFIED LOW-INCOME HOUSING PROJECTS FOR LOW-INCOME AND DISABLED INDIVIDUALS REPRESENTING APPROXIMATELY 5,500 RESIDENTS.

    Expenses $55,100,779 · Grants $1,180,944 · Revenue $55,785,821

As filed on the 2022 return.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

    Total calculated
    $972,664
    From this org
    $0
    From related orgs
    $944,982
    Other
    $27,682
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $746,157 related
    Bonus
    $0 + $198,825 related
    Other
    $0
    Deferred
    $0 + $12,000 related
    Nontaxable benefits
    $0 + $15,682 related
    Filer's total
    $0 + $972,664 related

  • Michael Connell

    TREASURER & CFO

    Total calculated
    $552,884
    From this org
    $0
    From related orgs
    $531,886
    Other
    $20,998
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,886 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,000 related
    Nontaxable benefits
    $0 + $8,998 related
    Filer's total
    $0 + $552,884 related

  • Michelle Luke

    SECRETARY

    Total calculated
    $105,450
    From this org
    $0
    From related orgs
    $100,350
    Other
    $5,100
    Hours/week
    1 + 39 related

  • Scott Lumsden

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Mary Wagner

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Jesse Bond

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Barb Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Cathy Danigelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • John Iwanski

    DIRECTOR (THROUGH OCTOBER 2022)

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Jim Melhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Karin Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Lisa Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • Greg Russell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOLLOWING WERE USED BY TRANSFORMING AGE IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FAIRFIELD WOODROSE LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD WOODLANDS LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD WASHINGTON TERRACE LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD MERIDIAN COURT LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD LAKEWOOD MEADOWS LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD LAKE CITY LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD BOARDWALK LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD BALLINGER LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD AUBURN COURT LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • FAIRFIELD ALDERWOOD COURT LP

    RELATED · LOW-INCOME HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • MGRE 334 LLC

    RELATED · LOW-INCOME HOUSING · WA · 0.1% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • BITTER LAKE VILLAGE ASSOCIATES (2) LP

    RELATED · LOW-INCOME HOUSING · WA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

  • BITTER LAKE VILLAGE ASSOCIATES (1) LP

    RELATED · LOW-INCOME HOUSING · WA · 0.01% owned · general or managing partner

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TRANSFORMING AGE VENTURES INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA · 100% owned · share of income $140,992 · share of assets $11,605 · controlled entity

    Directly controlled by SENIOR HOUSING ASSISTANCE GROUP

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202422279349303932

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