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Nonprofiteer
← NORSE HOME INC

Form 990 for tax year 2022

Filed by NORSE HOME INC.

What the amendment changed

Compared with the return it replaced , filed 7 August 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$4,505,700 changed to $4,718,482
Total expenses
$5,314,884 changed to $6,416,360
Contributions and grants received
$62,039 changed to $41,250
Program service revenue
$4,371,314 changed to $4,624,884
Investment income
$8 changed to $2
Other revenue
$72,339 changed to $52,346
Total assets, end of year
$18,232,872 changed to $17,935,012
Total liabilities, end of year
$1,064,536 changed to $2,464,554
Net assets or fund balances, end of year
$17,168,336 changed to $15,470,458
Program services expenses
$4,347,294 changed to $5,150,340
Management and general expenses
$967,590 changed to $1,266,020
Program service expenses (Part III)
$4,347,294 changed to $5,150,340

Listed only on the later return

  • Yohannes Entayo

Listed under a different title

  • Jesse Bond: DIRECTOR then DIRECTOR & VICE CHAIR
  • John Iwanski: DIRECTOR then DIRECTOR (THROUGH OCTOBER 2022)
  • Mary Wagner: VICE CHAIR then VICE CHAIR & CHAIR
  • Scott Lumsden: CHAIR then CHAIR & DIRECTOR

Totals

Total revenue
$4,718,482
Total expenses
$6,416,360
Contributions and grants received
$41,250
Grants paid
$0
Program service revenue
$4,624,884
Investment income
$2
Other revenue
$52,346
Total assets, end of year
$17,935,012
Total liabilities, end of year
$2,464,554
Net assets or fund balances, end of year
$15,470,458
Program services expenses (Part IX)
$5,150,340
Management and general expenses
$1,266,020
Fundraising expenses
$0
Program service expenses (Part III)
$5,150,340

Program services were 80.3% 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.

  • 1f · All other contributions, gifts and grants

    $41,250

  • 2a · Program service revenue: RESIDENT SERVICES

    total $4,555,130 · related or exempt $4,555,130

  • 2b · Program service revenue: ANCILLARY SERVICES

    total $69,754 · related or exempt $69,754

  • 3 · Investment income

    total $2 · excluded $2

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $50,717 · excluded $50,717

  • 11b · Other revenue: MEAL INCOME

    total $1,629 · excluded $1,629

  • 11e · Other revenue, total

    $52,346

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,092,635 · program services $2,782,124 · management and general $310,511

  • 8 · Pension plan contributions

    total $22,479 · program services $2,735 · management and general $19,744

  • 9 · Other employee benefits

    total $389,679 · program services $226,022 · management and general $163,657

  • 10 · Payroll taxes

    total $268,782 · program services $244,411 · management and general $24,371

  • 11a · Fees: management

    total $228,805 · management and general $228,805

  • 11b · Fees: legal

    total $6,239 · management and general $6,239

  • 11c · Fees: accounting

    total $24,845 · management and general $24,845

  • 11g · Fees: other

    total $270,258 · program services $238,908 · management and general $31,350

  • 12 · Advertising and promotion

    total $40,225 · program services $5,082 · management and general $35,143

  • 13 · Office expenses

    total $44,956 · program services $3,920 · management and general $41,036

  • 14 · Information technology

    total $81,161 · program services $16,165 · management and general $64,996

  • 16 · Occupancy

    total $398,143 · program services $278,330 · management and general $119,813

  • 17 · Travel

    total $9,917 · program services $2,621 · management and general $7,296

  • 19 · Conferences, conventions and meetings

    total $562 · program services $115 · management and general $447

  • 20 · Interest

    total $8,928 · program services $8,928

  • 22 · Depreciation, depletion and amortization

    total $843,768 · program services $843,768

  • 23 · Insurance

    total $96,624 · management and general $96,624

  • 24a · Other expenses: FOOD

    total $301,475 · program services $300,998 · management and general $477

  • 24b · Other expenses: RESIDENT EXPENSES

    total $109,410 · program services $104,856 · management and general $4,554

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $52,849 · program services $52,849

  • 24d · Other expenses: EQUIPMENT

    total $51,977 · program services $35,218 · management and general $16,759

  • 24e · All other expenses

    total $72,643 · program services $3,290 · management and general $69,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$71,784 · end of year $73,882

  • 4 · Accounts receivable

    beginning of year $5,197 · end of year $130,094

  • 8 · Inventories for sale or use

    beginning of year $45,102 · end of year $45,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,009 · end of year $31,520

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

    $21,505,712

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

    $3,856,617

  • 10c · Land, buildings and equipment, net

    beginning of year $17,562,348 · end of year $17,649,095

  • 14 · Intangible assets

    beginning of year $600,000

  • 15 · Other assets

    end of year $5,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $473,047 · end of year $588,901

  • 23 · Secured mortgages and notes payable

    beginning of year $579,244 · end of year $567,350

  • 25 · Other liabilities

    beginning of year $12,245 · end of year $1,308,303

  • 27 · Net assets without donor restrictions

    beginning of year $17,168,336 · end of year $15,470,458

Mission and programs · 2022

Mission

NORSE HOME IS A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO DIGNIFIED AGING. AS PART OF THIS MISSION, NORSE HOME OFFERS AN ASSISTED LIVING PROGRAM THAT MEETS THE NEEDS OF SENIORS AS THEIR CAPABILITIES DIMINISH WITH THE PROCESS OF AGING.

Activities or mission (Part I)

NORSE HOME IS A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO DIGNIFIED AGING.

  • NORSE HOME PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT COMMUNITY THAT OFFERS INDEPENDENT AND ASSISTED LIVING CONTAINING 132 APARTMENTS.

    Expenses $5,150,340 · Revenue $4,624,884

As filed on the 2022 return.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • Michael Connell

    TREASURER & CFO

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

    Schedule J breakdown matched by us

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

  • Mike Martin

    ADMINISTRATOR

    Total calculated
    $164,196
    From this org
    $141,285
    From related orgs
    $0
    Other
    $22,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,285
    Bonus
    $0
    Other
    $0
    Deferred
    $8,592
    Nontaxable benefits
    $14,319
    Filer's total
    $164,196

  • Yohannes Entayo

    LICENSED PRACTICAL NURSE

    Total calculated
    $113,537
    From this org
    $105,077
    From related orgs
    $0
    Other
    $8,460
    Hours/week
    40

  • Michelle Luke

    SECRETARY

    Total calculated
    $105,450
    From this org
    $0
    From related orgs
    $100,350
    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

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.

  • TRANSFORMING AGE VENTURES INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202402279349303670

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