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← GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON INC

Form 990 for tax year 2024

Filed by GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON INC.

What the amendment changed

Compared with the return it replaced . matched by us Only the Part I totals and the names listed in Part VII 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.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,618,439
Total expenses
$1,352,133
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,612,439
Other revenue
$6,000
Total assets, end of year
$77,675,932
Total liabilities, end of year
$73,354,329
Net assets or fund balances, end of year
$4,321,603
Program services expenses (Part IX)
$0
Management and general expenses
$1,352,133
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $1,506,945 · excluded $1,506,945

  • 4 · Income from investment of tax-exempt bond proceeds

    total $105,494 · excluded $105,494

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,000 · excluded $6,000

  • 11e · Other revenue, total

    $6,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $161,112 · management and general $161,112

  • 8 · Pension plan contributions

    total $5,453 · management and general $5,453

  • 9 · Other employee benefits

    total $1,991 · management and general $1,991

  • 10 · Payroll taxes

    total $12,757 · management and general $12,757

  • 11b · Fees: legal

    total $16,205 · management and general $16,205

  • 11c · Fees: accounting

    total $36,982 · management and general $36,982

  • 11f · Fees: investment management

    total $38,016 · management and general $38,016

  • 11g · Fees: other

    total $27,706 · management and general $27,706

  • 12 · Advertising and promotion

    total $35,302 · management and general $35,302

  • 13 · Office expenses

    total $934 · management and general $934

  • 14 · Information technology

    total $9,291 · management and general $9,291

  • 16 · Occupancy

    total $82,045 · management and general $82,045

  • 17 · Travel

    total $5,507 · management and general $5,507

  • 22 · Depreciation, depletion and amortization

    total $594,649 · management and general $594,649

  • 23 · Insurance

    total $27,076 · management and general $27,076

  • 24a · Other expenses: PROJECT COSTS

    total $234,062 · management and general $234,062

  • 24b · Other expenses: BANK FEE

    total $56,482 · management and general $56,482

  • 24c · Other expenses: EMPLOYEE EXPENSE

    total $3,314 · management and general $3,314

  • 24d · Other expenses: LICENSES & FEES

    total $1,972 · management and general $1,972

  • 24e · All other expenses

    total $1,277 · management and general $1,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,540 · end of year $22,971

  • 2 · Savings and temporary cash investments

    beginning of year $24,931,211 · end of year $3,759,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,989 · end of year $2,619

  • 10a · Land, buildings and equipment: cost or other basis

    $41,705,671

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,414

  • 10c · Land, buildings and equipment, net

    beginning of year $10,460,633 · end of year $41,676,257

  • 11 · Investments: publicly traded securities

    beginning of year $34,168,627 · end of year $32,215,084

  • 15 · Other assets

    beginning of year $3,562,195 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $567,414 · end of year $6,056,787

  • 19 · Deferred revenue

    end of year $459,117

  • 20 · Tax-exempt bond liabilities

    beginning of year $60,188,235 · end of year $60,779,538

  • 25 · Other liabilities

    beginning of year $8,789,902 · end of year $6,058,887

  • 27 · Net assets without donor restrictions

    beginning of year $3,715,644 · end of year $4,321,603

Listed in Part VII

  • TORSTEN HIRCHE

    PRESIDENT & CEO

    Total calculated
    $1,214,260
    From this org
    $0
    From related orgs
    $1,174,707
    Other
    $39,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,632 related
    Bonus
    $0 + $371,277 related
    Other
    $0 + $8,798 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $25,753 related
    Filer's total
    $0 + $1,214,260 related

  • MICHAEL CONNELL

    TREASURER & CFO

    Total calculated
    $661,389
    From this org
    $0
    From related orgs
    $637,622
    Other
    $23,767
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,183 related
    Bonus
    $0 + $58,504 related
    Other
    $0 + $91,935 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $9,967 related
    Filer's total
    $0 + $661,389 related

  • MICHELE LUKE

    SECRETARY

    Total calculated
    $125,600
    From this org
    $0
    From related orgs
    $118,517
    Other
    $7,083
    Hours/week
    1 + 39 related

  • JESSE BOND

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • GREG RUSSELL

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • BARB BENNETT

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • CATHY DANIGELIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • KATHI LENTZSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • SCOTT LUMSDEN

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JIM MELHORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JOY MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • LISA NELSON

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • MARY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 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

  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 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, THE SOLE MEMBER, IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 6
THE PRESIDENT & CEO MAY RECEIVE AN ANNUAL INCENTIVE BONUS FROM TRANSFORMING AGE, A RELATED ORGANIZATION, SUBJECT TO THE SOLE AND COMPLETE DISCRETION OF TRANSFORMING AGE'S BOARD OF DIRECTORS. FINANCIAL PERFORMANCE IS ONE OF THE FACTORS IN DETERMINING THE BONUS. OTHER FACTORS INCLUDE OVERALL MISSION DELIVERY, MISSION GROWTH, AND THE OVERALL ACHIEVEMENTS AND PERFORMANCE OF TRANSFORMING AGE AND ITS SUBSIDIARY ORGANIZATIONS.

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

No itemized grants to organizations 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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612439349301466

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