Form 990 for tax year 2023
Filed by EASTSIDE RETIREMENT ASSOCIATION.
Totals
- Total revenue
- $47,341,332
- Total expenses
- $35,515,353
- Contributions and grants received
- $2,207,653
- Grants paid
- $1,621,848
- Program service revenue
- $38,226,783
- Investment income
- $6,188,496
- Other revenue
- $718,400
- Total assets, end of year
- $351,659,108
- Total liabilities, end of year
- $252,605,278
- Net assets or fund balances, end of year
- $99,053,830
- Program services expenses (Part IX)
- $30,126,225
- Management and general expenses
- $5,389,128
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $30,126,225
Program services were 84.8% 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.
-
1e · Government grants (contributions)
$1,548,740
-
1f · All other contributions, gifts and grants
$658,913
-
2a · Program service revenue: MONTHLY MAINTENANCE FE
total $20,362,965 · related or exempt $20,362,965
-
2b · Program service revenue: ENTRANCE FEES
total $10,381,635 · related or exempt $10,381,635
-
2c · Program service revenue: SKILLED NURSING SERVIC
total $3,050,215 · related or exempt $3,050,215
-
2d · Program service revenue: ASSISTED LIVING
total $2,482,419 · related or exempt $2,482,419
-
2e · Program service revenue: MEALS & OTHER SERVICES
total $1,949,549 · related or exempt $1,949,549
-
3 · Investment income
total $2,812,166 · excluded $2,812,166
-
4 · Income from investment of tax-exempt bond proceeds
total $1,061,285 · excluded $1,061,285
-
6a · Gross rents
real property $103,570
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $103,570
-
6d · Net rental income or loss
total $103,570 · excluded $103,570
-
7a · Gross sales of assets other than inventory
securities $34,975,653
-
7b · Less cost or other basis and sales expenses
securities $32,660,608
-
7c · Gain or loss
securities $2,315,045
-
7d · Net gain or loss
total $2,315,045 · excluded $2,315,045
-
11a · Other revenue: DEBT EXTINGUISH. GAIN
total $568,200 · excluded $568,200
-
11b · Other revenue: MISCELLANEOUS INCOME
total $46,630 · excluded $46,630
-
11e · Other revenue, total
$614,830
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,621,848 · program services $1,621,848
-
7 · Other salaries and wages
total $11,880,242 · program services $10,736,440 · management and general $1,143,802
-
8 · Pension plan contributions
total $205,720 · program services $169,350 · management and general $36,370
-
9 · Other employee benefits
total $2,737,460 · program services $2,373,413 · management and general $364,047
-
10 · Payroll taxes
total $920,812 · program services $841,131 · management and general $79,681
-
11b · Fees: legal
total $12,470 · management and general $12,470
-
11c · Fees: accounting
total $67,740 · management and general $67,740
-
11f · Fees: investment management
total $108,296 · management and general $108,296
-
11g · Fees: other
total $1,386,051 · program services $1,132,692 · management and general $253,359
-
12 · Advertising and promotion
total $405,367 · management and general $405,367
-
13 · Office expenses
total $1,154,780 · program services $797,614 · management and general $357,166
-
14 · Information technology
total $268,698 · program services $26,734 · management and general $241,964
-
16 · Occupancy
total $1,953,771 · program services $1,953,771
-
17 · Travel
total $51,775 · program services $48,713 · management and general $3,062
-
19 · Conferences, conventions and meetings
total $60,064 · program services $35,221 · management and general $24,843
-
20 · Interest
total $909,365 · program services $909,365
-
21 · Payments to affiliates
total $2,197,313 · management and general $2,197,313
-
22 · Depreciation, depletion and amortization
total $7,335,687 · program services $7,335,687
-
23 · Insurance
total $476,181 · program services $395,230 · management and general $80,951
-
24a · Other expenses: FOOD
total $1,662,349 · program services $1,649,652 · management and general $12,697
-
24b · Other expenses: OTHER EXPENSES
total $63,915 · program services $63,915
-
24c · Other expenses: BAD DEBT EXPENSE
total $35,449 · program services $35,449
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,808,855 · end of year $6,343,777
-
2 · Savings and temporary cash investments
beginning of year $4,744,596 · end of year $13,661,471
-
4 · Accounts receivable
beginning of year $1,802,553 · end of year $1,701,424
-
8 · Inventories for sale or use
beginning of year $48,000 · end of year $50,057
-
9 · Prepaid expenses and deferred charges
beginning of year $330,717 · end of year $396,655
-
10a · Land, buildings and equipment: cost or other basis
$281,067,361
-
10b · Land, buildings and equipment: accumulated depreciation
$108,869,169
-
10c · Land, buildings and equipment, net
beginning of year $120,071,516 · end of year $172,198,192
-
11 · Investments: publicly traded securities
beginning of year $85,327,525 · end of year $143,481,743
-
12 · Investments: other securities
beginning of year $451,066 · end of year $446,702
-
15 · Other assets
beginning of year $16,228,030 · end of year $13,379,087
-
17 · Accounts payable and accrued expenses
beginning of year $8,343,962 · end of year $13,025,811
-
19 · Deferred revenue
beginning of year $91,807,844 · end of year $94,096,859
-
20 · Tax-exempt bond liabilities
beginning of year $19,768,061 · end of year $118,508,735
-
21 · Escrow or custodial account liability
beginning of year $27,933,800 · end of year $26,756,191
-
23 · Secured mortgages and notes payable
beginning of year $3,627,707 · end of year $0
-
25 · Other liabilities
beginning of year $196,702 · end of year $217,682
-
27 · Net assets without donor restrictions
beginning of year $75,492,243 · end of year $93,529,785
-
28 · Net assets with donor restrictions
beginning of year $4,642,539 · end of year $5,524,045
Mission and programs · 2023
Mission
EMERALD HEIGHTS IS A NOT-FOR-PROFIT, NON-DENOMINATIONAL LIFE PLAN RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF LIVING ACCOMMODATIONS, SUPPORTIVE SERVICES, AND HEALTH CARE FOR RESIDENTS 55 YEARS OF AGE AND OLDER. AS A LIFE PLAN RETIREMENT COMMUNITY ON THE EASTSIDE OF PUGET SOUND, THE ORGANIZATION OFFERS A WIDE RANGE OF QUALITY PROGRAMS, SERVICES AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL AND INTELLECTUAL NEEDS OF ITS RESIDENTS AND TO SERVE THE BROADER COMMUNITY. EMERALD HEIGHTS IS OPERATED TO FULFILL ITS MISSION OF SERVICE WHILE REMAINING TRUE TO ITS CORE VALUES OF INTEGRITY, STEWARDSHIP, EMPOWERMENT, FAITH, CHANGE AND CHOICE. THE ORGANIZATION IS OWNED AND OPERATED BY EASTSIDE RETIREMENT ASSOCIATION. THE ASSOCIATION'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL COMMUNITY MEMBERS, EMERALD HEIGHTS' RESIDENTS AND HERON'S KEY RESIDENT, ALL DEDICATED TO THE MISSION OF EMERALD HEIGHTS AND TO ENSURE IT CONTINUES TO MAINTAIN ITS HIGH STANDARDS OF EXCELLENCE AND REMAIN FINANCIALLY SOUND.
Activities or mission (Part I)
EMERALD HEIGHTS IS A LIFE PLAN RETIREMENT COMMUNITY.
-
INDEPENDENT LIVING SENIOR HOUSING AND SERVICES: EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) PROVIDES SAFE AND SECURE SENIOR HOUSING AND SERVICES TO APPROXIMATELY 457 INDEPENDENT LIVING RESIDENTS IN THE ORGANIZATION'S 333 APARTMENTS. THE ORGANIZATION PROVIDES MANY SUPPORT SERVICES, INCLUDING MEAL SERVICES PROVIDED IN A CENTRAL DINING ROOM, FITNESS AND EXERCISE CLASSES, EQUIPMENT AND SWIMMING POOL, WELLNESS PROGRAMS, SOCIAL PROGRAMS, A WIDE VARIETY OF RESIDENT ACTIVITIES, BOTH ON SITE AND OTHER LOCATIONS, TRANSPORTATION TO MEDICAL APPOINTMENTS AND GROCERY STORES, BANKS, AND SPECIAL ACTIVITIES, SPIRITUAL SERVICES, CHAPEL AND AN ON-SITE CHAPLAIN. ALL RESIDENTS HAVE UNLIMITED ACCESS TO ASSISTED LIVING AND SKILLED NURSING HEALTH CARE. EMERALD HEIGHTS WAS FINANCED WITH BONDS ISSUED BY THE WASHINGTON STATE HOUSING FINANCE COMMISSION. THROUGH A SEPARATE REGULATORY AGREEMENT WITH THE WASHINGTON STATE HOUSING FINANCE COMMISSION, EMERALD HEIGHTS HAS SET ASIDE 25% OF ALL UNITS FOR LOWER-INCOME HOUSEHOLDS AS DEFINED BY THE COMMISSION. EMERALD HEIGHTS IS A TYPE A EXTENSIVE CONTRACT LIFE PLAN RETIREMENT COMMUNITY. AS A TYPE A FACILITY IN THE STATE OF WASHINGTON, NO RESIDENT OF EMERALD HEIGHTS MAY UTILIZE TAX-PAYER FUNDED PUBLIC ASSISTANCE PROGRAMS SUCH AS MEDICAID. EMERALD HEIGHTS PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO, FOR REASONS BEYOND THEIR CONTROL, BECOME UNABLE TO PAY THEIR MONTHLY SERVICE FEES. AS A NOT-FOR-PROFIT, MISSION-DRIVEN ORGANIZATION, REVENUES GENERATED IN EXCESS OF EXPENSES ARE INVESTED AND HELD AS RESERVES TO ENSURE ALL CURRENT AND FUTURE CONTRACTUAL OBLIGATIONS CAN BE FULLY MET, TO REPLACE FACILITY AND PROGRAM ASSETS AS NEEDED AND TO ALLOW PRUDENT EXPANSION OF THE MISSION. EMERALD HEIGHTS PROVIDES OPPORTUNITIES FOR RESIDENTS AND STAFF TO INTERACT WITHIN THE EMERALD HEIGHTS COMMUNITY, THE GREATER REDMOND COMMUNITY AND BEYOND BY ESTABLISHING JOINT RESIDENT/STAFF COMMITTEES, ESTABLISHING CLOSE TIES WITH COMMUNITY FACILITIES SUCH AS REDMOND HIGH SCHOOL, AND DEVELOPING COMMUNITY OUTREACH SERVICES AND PROGRAMS CONSISTENT WITH ITS MISSION. EMERALD HEIGHTS RECRUITS, DEVELOPS AND RETAINS COMPETENT AND CARING STAFF WHO SHARE THE ORGANIZATION'S PRINCIPLES, VALUES AND STANDARDS BY MAINTAINING OPEN COMMUNICATION AND STRESSING TEAM WORK THAT BUILDS UP THE SPIRIT OF COMMUNITY, AND DEVELOPING STANDARDS OF PERFORMANCE FOR EVALUATION BASED ON POSITION DESCRIPTIONS, AND PROVIDING FAIR, COMPETITIVE COMPENSATION AND BENEFITS.
Expenses $20,945,539 · Grants $1,621,848 · Revenue $31,733,801
-
SKILLED NURSING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 61 SKILLED NURSING BEDS THAT PROVIDE HOUSING, CARE AND NURSING SERVICES TO RESIDENTS THAT NEED THIS HIGHER LEVEL OF CARE. SERVICES IN THIS AREA MAY BE SHORT TERM TO PROVIDE NEEDED CARE TO REHABILITATE AFTER AN ILLNESS OR INJURY. THE SKILLED NURSING FACILITY ALSO PROVIDES LONG-TERM CUSTODIAL CARE FOR THOSE RESIDENTS NEEDING THIS HIGHER LEVEL OF HEALTH CARE. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF HEALTH CARE, SUPPORT SERVICES, SOCIAL AND PROGRAM ACTIVITIES ARE AVAILABLE TO ASSIST AND CARE FOR RESIDENTS. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT.
Expenses $7,204,691 · Revenue $4,043,996
-
ASSISTED LIVING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 56 ASSISTED LIVING APARTMENTS THAT PROVIDE LONG-TERM HOUSING AND SERVICES TO RESIDENTS THAT NEED MORE CARE THAN INDEPENDENT LIVING RESIDENTS. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF SUPPORT SERVICES ARE AVAILABLE TO ASSIST WITH ACTIVITIES OF DAILY LIVING AND MEMORY CARE FOR THOSE RESIDENTS WITH DEMENTIA. SOCIAL AND PROGRAM ACTIVITIES ARE PROVIDED. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT.
Expenses $1,975,995 · Revenue $2,448,986
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa HardyLISA HARDY
PRESIDENT & CEO
- Total calculated
- $659,072
- From this org
- $0
- From related orgs
- $611,907
- Other
- $47,165
- Hours/week
- 15 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $452,669 related
- Bonus
- $0 + $101,635 related
- Other
- $0 + $57,603 related
- Deferred
- $0 + $22,500 related
- Nontaxable benefits
- $0 + $24,665 related
- Filer's total
- $0 + $659,072 related
-
Diana JamisonDIANA JAMISON
CFO
- Total calculated
- $331,997
- From this org
- $0
- From related orgs
- $315,555
- Other
- $16,442
- Hours/week
- 20 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $314,187 related
- Bonus
- $0 + $180 related
- Other
- $0 + $1,188 related
- Deferred
- $0 + $4,200 related
- Nontaxable benefits
- $0 + $12,242 related
- Filer's total
- $0 + $331,997 related
-
Kay WallinKAY WALLIN
VP MARKETING & PUBLIC RELATIONS
- Total calculated
- $266,639
- From this org
- $0
- From related orgs
- $244,504
- Other
- $22,135
- Hours/week
- 22.5 + 27.5 related
Schedule J breakdown matched by us
- Base
- $0 + $205,674 related
- Bonus
- $0 + $37,642 related
- Other
- $0 + $1,188 related
- Deferred
- $0 + $12,264 related
- Nontaxable benefits
- $0 + $9,871 related
- Filer's total
- $0 + $266,639 related
-
Elizabeth AzconaELIZABETH AZCONA
REGISTERED NURSE/RN
- Total calculated
- $191,609
- From this org
- $172,517
- From related orgs
- $0
- Other
- $19,092
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $160,201
- Bonus
- $0
- Other
- $12,316
- Deferred
- $8,661
- Nontaxable benefits
- $10,431
- Filer's total
- $191,609
-
Joanne O'NeillJOANNE O'NEILL
CERTIFIED NURSING ASSISTANT
- Total calculated
- $191,007
- From this org
- $174,600
- From related orgs
- $0
- Other
- $16,407
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $167,872
- Bonus
- $0
- Other
- $6,728
- Deferred
- $8,726
- Nontaxable benefits
- $7,681
- Filer's total
- $191,007
-
Jacqueline ClaessensJACQUELINE CLAESSENS
MARKETING DIRECTOR
- Total calculated
- $172,940
- From this org
- $154,749
- From related orgs
- $0
- Other
- $18,191
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $83,184
- Bonus
- $71,284
- Other
- $281
- Deferred
- $7,760
- Nontaxable benefits
- $10,431
- Filer's total
- $172,940
-
Kristina BoydKRISTINA BOYD
DIRECTOR OF NURSING SERVICES
- Total calculated
- $164,777
- From this org
- $146,256
- From related orgs
- $0
- Other
- $18,521
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $141,403
- Bonus
- $4,588
- Other
- $265
- Deferred
- $7,378
- Nontaxable benefits
- $11,143
- Filer's total
- $164,777
-
Christopher SwedishCHRISTOPHER SWEDISH
DIRECTOR OF FACILITIES
- Total calculated
- $140,688
- From this org
- $140,451
- From related orgs
- $0
- Other
- $237
- Hours/week
- 50
-
Dwight WhitingDWIGHT WHITING
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Daphne SchneiderDAPHNE SCHNEIDER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Danna VanhornDANNA VANHORN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
David HudsonDAVID HUDSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Karen CohoeKAREN COHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robert CristROBERT CRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jill GuernseyJILL GUERNSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jeff JonesJEFF JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gary KingGARY KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stephanie MarshallSTEPHANIE MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dewayne McMullinDEWAYNE MCMULLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Judy RichardsonJUDY RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 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
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- EMERALD COMMUNITIES HAS A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EXECUTIVE EMPLOYEES. DURING 2023, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THEIR PLANS: LISA HARDY, PRESIDENT & CEO, $22,500 DIANA JAMISON, CFO, $22,500 KAY WALLIN, VP MARKETING & PUBLIC RELATIONS, $12,801
- PART I, LINE 7
- CERTAIN NON-FIXED INCENTIVE PAYMENTS WERE PAID TO MANAGEMENT STAFF THAT RELATED TO PERFORMANCE MEASUREMENTS OTHER THAN REVENUES AND NET EARNINGS.
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
-
$1,521,848
GENERAL OPERATING SUPPORT
-
CITY OF REDMOND WASHINGTON
$100,000
GENERAL OPERATING SUPPORT
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.
-
501(C)(3) · PROVIDE MANAGEMENT SERVICES FOR RELATED ORGANIZATIONS · WA
-
501(C)(3) · LIFE PLAN RETIREMENT COMMUNITY · WA
Directly controlled by EMERALD COMMUNITIES
-
LUANA KAI A LIFE PLAN COMMUNITY
501(C)(3) · LIFE PLAN RETIREMENT COMMUNITY · HI
Directly controlled by EMERALD COMMUNITIES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349303705
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