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Nonprofiteer
← NORTHWEST SENIOR HOUSING CORPORATION

Form 990 for tax year 2023

Filed by NORTHWEST SENIOR HOUSING CORPORATION.

Totals

Total revenue
$15,563,607
Total expenses
$36,703,651
Contributions and grants received
$89,596
Grants paid
$14,534
Program service revenue
$15,068,233
Investment income
$405,778
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$34,238,623
Management and general expenses
$2,465,028
Fundraising expenses
$0
Program service expenses (Part III)
$34,238,623

Program services were 93.3% 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.

  • 1d · Related organizations

    $89,596

  • 2a · Program service revenue: INDEPENDENT LIVING

    total $7,954,937 · related or exempt $7,954,937

  • 2b · Program service revenue: SKILLED NURSING

    total $5,930,704 · related or exempt $5,930,704

  • 2c · Program service revenue: ENTRANCE FEES

    total $1,182,592 · related or exempt $1,182,592

  • 3 · Investment income

    total $403,878 · excluded $403,878

  • 7a · Gross sales of assets other than inventory

    securities $9,703,088

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

    securities $9,701,188

  • 7c · Gain or loss

    securities $1,900

  • 7d · Net gain or loss

    total $1,900 · excluded $1,900

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,534 · program services $14,534

  • 5 · Compensation of officers, directors and key employees

    total $36,500 · program services $7,300 · management and general $29,200

  • 7 · Other salaries and wages

    total $6,141,037 · program services $4,912,830 · management and general $1,228,207

  • 8 · Pension plan contributions

    total $78,597 · program services $62,878 · management and general $15,719

  • 9 · Other employee benefits

    total $213,934 · program services $171,147 · management and general $42,787

  • 10 · Payroll taxes

    total $494,148 · program services $395,318 · management and general $98,830

  • 11b · Fees: legal

    total $13,671 · management and general $13,671

  • 11c · Fees: accounting

    total $4,496 · management and general $4,496

  • 11g · Fees: other

    total $468,046 · management and general $468,046

  • 12 · Advertising and promotion

    total -$27,831 · program services -$22,265 · management and general -$5,566

  • 13 · Office expenses

    total $123,978 · management and general $123,978

  • 16 · Occupancy

    total $542,486 · program services $542,486

  • 17 · Travel

    total $9,568 · program services $7,654 · management and general $1,914

  • 20 · Interest

    total $5,799,720 · program services $5,799,720

  • 22 · Depreciation, depletion and amortization

    total $6,713,022 · program services $6,377,371 · management and general $335,651

  • 23 · Insurance

    total $259,029 · program services $253,848 · management and general $5,181

  • 24a · Other expenses: OTHER GENERAL AND ADMIN

    total $9,977,315 · program services $9,977,315

  • 24b · Other expenses: MEDICAL AND OTHER RESID

    total $2,602,167 · program services $2,602,167

  • 24c · Other expenses: DIETARY

    total $1,444,024 · program services $1,444,024

  • 24d · Other expenses: REAL ESTATE TAXES

    total $1,029,141 · program services $926,227 · management and general $102,914

  • 24e · All other expenses

    total $766,069 · program services $766,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,310,517

  • 4 · Accounts receivable

    beginning of year $902,253

  • 8 · Inventories for sale or use

    beginning of year $96,922

  • 9 · Prepaid expenses and deferred charges

    beginning of year $547,052

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $219,116,804

  • 11 · Investments: publicly traded securities

    beginning of year $343,478

  • 14 · Intangible assets

    beginning of year $9,524,778

  • 15 · Other assets

    beginning of year $18,198,496 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,945,317

  • 20 · Tax-exempt bond liabilities

    beginning of year $111,195,779

  • 21 · Escrow or custodial account liability

    beginning of year $3,100,048

  • 25 · Other liabilities

    beginning of year $242,741,938 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$120,942,782 · end of year $0

Mission and programs · 2023

Mission

CREATING COMMUNITIES CELEBRATING THE LIVES OF SENIORS. LIFESPACE RECOGNIZES THAT ITS MISSION CAN ONLY BE FULFILLED THROUGH THE DEDICATED EFFORTS OF ITS EMPLOYEES, THEREFORE, INCLUDED IN OUR MISSION IS THE ABILITY TO PROVIDE DISASTER RELIEF FUNDS TO EMPLOYEES WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

Activities or mission (Part I)

CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS

  • TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY.

    Expenses $34,238,623 · Grants $14,534 · Revenue $15,068,233

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jesse Jantzen

    PRESIDENT & CEO

    Total calculated
    $1,415,732
    From this org
    $0
    From related orgs
    $1,372,900
    Other
    $42,832
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $712,577 related
    Bonus
    $0 + $515,666 related
    Other
    $0 + $144,657 related
    Deferred
    $0 + $30,250 related
    Nontaxable benefits
    $0 + $12,582 related
    Filer's total
    $0 + $1,415,732 related

  • Nicholas Harshfield

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,007,676
    From this org
    $0
    From related orgs
    $952,088
    Other
    $55,588
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,305 related
    Bonus
    $0 + $263,761 related
    Other
    $0 + $245,022 related
    Deferred
    $0 + $46,916 related
    Nontaxable benefits
    $0 + $8,672 related
    Filer's total
    $0 + $1,007,676 related

  • Brian Robbins

    CHIEF OPERATING OFFICER

    Total calculated
    $524,675
    From this org
    $0
    From related orgs
    $485,799
    Other
    $38,876
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,304 related
    Bonus
    $0
    Other
    $0 + $98,495 related
    Deferred
    $0 + $30,946 related
    Nontaxable benefits
    $0 + $7,930 related
    Filer's total
    $0 + $524,675 related

  • Dana Smith

    CHIEF MARKETING & EXPERIENCE OFFICER

    Total calculated
    $379,920
    From this org
    $0
    From related orgs
    $345,389
    Other
    $34,531
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,093 related
    Bonus
    $0 + $103,570 related
    Other
    $0 + $29,726 related
    Deferred
    $0 + $24,134 related
    Nontaxable benefits
    $0 + $10,397 related
    Filer's total
    $0 + $379,920 related

  • David Stewart

    DIRECTOR

    Total calculated
    $18,250
    From this org
    $18,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stuart Walker

    DIRECTOR

    Total calculated
    $18,250
    From this org
    $18,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Teresa Bates

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $124,235
    From this org
    $118,170
    From related orgs
    $0
    Other
    $6,065
    Hours/week
    42

  • John Falldine

    EXECUTIVE DIRECTOR

    Total calculated
    $262,522
    From this org
    $260,414
    From related orgs
    $0
    Other
    $2,108
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $114,597
    Bonus
    $100,000
    Other
    $45,817
    Deferred
    $0
    Nontaxable benefits
    $2,108
    Filer's total
    $262,522

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 COMPENSATION OF THE PRESIDENT & CEO IS DETERMINED BY LIFESPACE COMMUNITIES, INC., A RELATED ENTITY. THE FOLLOWING WERE USED BY LIFESPACE COMMUNITIES INC. TO DETERMINE 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'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 partnerships

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

  • AUGUSTINE HOME HEALTH TEXAS LLC

    RELATED · HEALTH CARE · TX · 50% owned · share of income $36,743

    Directly controlled by NWSHC

Related corporations and trusts

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

  • SENIORITY INC

    C · OPERATION OF RETIREMENT COMMUNITIES · TX

  • PRAIRIE VIEW CLUB OF KANSAS

    C · RESIDENT ENTERTAINMENT SERVICES · KS

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • BAY 9 HOLDINGS LLC

    $215,406,806

    Disposition · THE ASSET WAS SOLD 6/13/2023 IN BANKRUPTCY PROCEEDINGS · Jun 13, 2023 · SINGLE MEMBER LLC

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423189349304297

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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