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← PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Form 990 for tax year 2022

Filed by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 6 August 2025. 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.

Total revenue
$143,439,616 changed to $143,061,728
Total expenses
$111,132,487 changed to $112,655,007
Grants paid
$260,670 changed to $2,099,467
Other revenue
$3,809,601 changed to $3,431,713
Total assets, end of year
$528,986,667 changed to $525,225,607
Total liabilities, end of year
$708,720,118 changed to $706,859,466
Net assets or fund balances, end of year
-$179,733,451 changed to -$181,633,859
Program services expenses
$95,381,579 changed to $96,904,407
Management and general expenses
$15,750,908 changed to $15,750,600
Program service expenses (Part III)
$95,381,579 changed to $96,904,407

Totals

Total revenue
$143,439,616
Total expenses
$111,132,487
Contributions and grants received
$58,979,595
Grants paid
$260,670
Program service revenue
$79,909,662
Investment income
$740,758
Other revenue
$3,809,601
Total assets, end of year
$528,986,667
Total liabilities, end of year
$708,720,118
Net assets or fund balances, end of year
-$179,733,451
Program services expenses (Part IX)
$95,381,579
Management and general expenses
$15,750,908
Fundraising expenses
$0
Program service expenses (Part III)
$95,381,579

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TORSTEN HIRCHE

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • MICHAEL CONNELL

    TREASURER & CFO

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

    Schedule J breakdown matched by us

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

  • KEN NOREEN

    VP OF CCRC'S

    Total calculated
    $321,619
    From this org
    $320,419
    From related orgs
    $0
    Other
    $1,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,419
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,200
    Filer's total
    $321,619

  • KIMBERLY LOVEALL PRICE

    VP OF COMMUNITY DEVELOPMENT

    Total calculated
    $238,060
    From this org
    $229,611
    From related orgs
    $0
    Other
    $8,449
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $178,170
    Bonus
    $51,441
    Other
    $0
    Deferred
    $5,957
    Nontaxable benefits
    $2,492
    Filer's total
    $238,060

  • JEFFREY SLICHTA

    EXECUTIVE VP, HOUSING & HOSPITALITY

    Total calculated
    $225,280
    From this org
    $224,268
    From related orgs
    $0
    Other
    $1,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,268
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,012
    Filer's total
    $225,280

  • STANLEY MARTIN

    CORPORATE CONTROLLER

    Total calculated
    $177,061
    From this org
    $164,035
    From related orgs
    $0
    Other
    $13,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,035
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,026
    Filer's total
    $177,061

  • JAMES BENNET

    HEALTH SERVICES DIRECTOR

    Total calculated
    $169,887
    From this org
    $162,371
    From related orgs
    $0
    Other
    $7,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,242
    Bonus
    $44,129
    Other
    $0
    Deferred
    $5,434
    Nontaxable benefits
    $2,082
    Filer's total
    $169,887

  • MICHELLE LUKE

    SECRETARY

    Total calculated
    $105,450
    From this org
    $100,350
    From related orgs
    $0
    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, THE SOLE MEMBER, 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 C

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.

Disregarded entities

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

  • FH LLC

    OPERATE RETIREMENT COMMUNITY · WA · income $38,726,742 · assets $307,907,534

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • PRCN SERVICES LLC

    PROVIDE SENIOR SERVICES · WA · income $0 · assets $0

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • EXETER LLC

    INVESTMENT HOLDINGS · WA · income $0 · assets $0

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • MINNESOTA SENIOR LIVING LLC

    OPERATE RETIREMENT COMMUNITY · MN · income $27,186,755 · assets $102,769,414

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • 1980 112TH LLC

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

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442279349301949

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