Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,838,797

• 1g · Noncash contributions included above

  $1,838,797

• 2a · Program service revenue: MANAGEMENT FEES

  total $8,165,057 · related or exempt $8,165,057

• 2b · Program service revenue: DEVELOPMENT FEES

  total $2,105,163 · related or exempt $2,105,163

• 3 · Investment income

  total $117,455 · excluded $117,455

• 6a · Gross rents

  real property $69,863

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $69,863

• 6d · Net rental income or loss

  total $69,863 · excluded $69,863

• 7a · Gross sales of assets other than inventory

  securities $2,533,502

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

  securities $2,605,967

• 7c · Gain or loss

  securities -$72,465

• 7d · Net gain or loss

  total -$72,465 · excluded -$72,465

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $100,178 · excluded $100,178

• 11e · Other revenue, total

  $100,178

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $59,453,722 · program services $59,453,722

• 5 · Compensation of officers, directors and key employees

  total $1,409,684 · program services $1,409,684

• 7 · Other salaries and wages

  total $8,109,392 · program services $8,109,392

• 8 · Pension plan contributions

  total $253,067 · program services $253,067

• 9 · Other employee benefits

  total $198,671 · program services $198,671

• 10 · Payroll taxes

  total $729,565 · program services $729,565

• 11b · Fees: legal

  total $253,199 · program services $253,199

• 11c · Fees: accounting

  total $108,680 · program services $108,680

• 11f · Fees: investment management

  total $21,880 · program services $21,880

• 11g · Fees: other

  total $707,839 · program services $707,839

• 12 · Advertising and promotion

  total $647 · program services $647

• 13 · Office expenses

  total $810,440 · program services $810,440

• 16 · Occupancy

  total $109,949 · program services $109,949

• 20 · Interest

  total $602,376 · program services $602,376

• 22 · Depreciation, depletion and amortization

  total $164,443 · program services $164,443

• 23 · Insurance

  total $94,689 · program services $94,689

• 24a · Other expenses: SUBSIDIARY EQUITY LOSSE

  total $41,579,385 · program services $41,579,385

• 24b · Other expenses: EMPLOYEE EXPENSES

  total $475,313 · program services $475,313

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $267,601 · program services $267,601

• 24d · Other expenses: SALES TAXES

  total $189,189 · program services $189,189

• 24e · All other expenses

  total $142,418 · program services $142,418

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $799,027

• 4 · Accounts receivable

  end of year $4,157,365

• 7 · Other notes and loans receivable

  end of year $4,876,498

• 8 · Inventories for sale or use

  end of year $6,972

• 9 · Prepaid expenses and deferred charges

  end of year $114,414

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

  $6,648,923

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

  $608,888

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $6,040,035

• 11 · Investments: publicly traded securities

  end of year $5,042,287

• 13 · Investments: program-related

  end of year -$128,098,622

• 15 · Other assets

  beginning of year $0 · end of year $8,915,005

• 17 · Accounts payable and accrued expenses

  end of year $643,796

• 23 · Secured mortgages and notes payable

  end of year $3,724,453

• 27 · Net assets without donor restrictions

  end of year -$102,515,268

The filer's explanations (Part III)

PART I, LINE 3

THE FOLLOWING WERE USED BY PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST 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

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 1980 112TH LLC

  PROPERTY HOLDING · WA · income $377,888 · assets $5,397,057

  Directly controlled by TRANSFORMING AGE

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