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Nonprofiteer
← NORSE HOME INC

Form 990 for tax year 2023

Filed by NORSE HOME INC.

Totals

Total revenue
$5,156,629
Total expenses
$6,847,229
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,125,071
Investment income
$0
Other revenue
$31,558
Total assets, end of year
$17,589,084
Total liabilities, end of year
$3,809,226
Net assets or fund balances, end of year
$13,779,858
Program services expenses (Part IX)
$5,466,122
Management and general expenses
$1,381,107
Fundraising expenses
$0
Program service expenses (Part III)
$5,466,122

Program services were 79.8% 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.

  • 2a · Program service revenue: RESIDENT SERVICES

    total $5,023,731 · related or exempt $5,023,731

  • 2b · Program service revenue: ANCILLARY SERVICES

    total $101,340 · related or exempt $101,340

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $27,397 · excluded $27,397

  • 11b · Other revenue: MEAL INCOME

    total $4,161 · excluded $4,161

  • 11e · Other revenue, total

    $31,558

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,434,419 · program services $3,019,640 · management and general $414,779

  • 8 · Pension plan contributions

    total $25,463 · program services $15,580 · management and general $9,883

  • 9 · Other employee benefits

    total $376,967 · program services $316,999 · management and general $59,968

  • 10 · Payroll taxes

    total $278,500 · program services $253,862 · management and general $24,638

  • 11a · Fees: management

    total $254,936 · management and general $254,936

  • 11b · Fees: legal

    total $123 · management and general $123

  • 11c · Fees: accounting

    total $17,808 · management and general $17,808

  • 11g · Fees: other

    total $267,323 · program services $244,133 · management and general $23,190

  • 12 · Advertising and promotion

    total $32,801 · management and general $32,801

  • 13 · Office expenses

    total $50,063 · program services $12,815 · management and general $37,248

  • 14 · Information technology

    total $88,983 · program services $19,183 · management and general $69,800

  • 16 · Occupancy

    total $431,361 · program services $277,220 · management and general $154,141

  • 17 · Travel

    total $21,946 · program services $5,033 · management and general $16,913

  • 19 · Conferences, conventions and meetings

    total $1,495 · program services $329 · management and general $1,166

  • 20 · Interest

    total $8,338 · program services $8,338

  • 22 · Depreciation, depletion and amortization

    total $749,894 · program services $749,894

  • 23 · Insurance

    total $195,295 · management and general $195,295

  • 24a · Other expenses: FOOD

    total $303,766 · program services $303,046 · management and general $720

  • 24b · Other expenses: RESIDENT SUPPLIES

    total $140,703 · program services $137,979 · management and general $2,724

  • 24c · Other expenses: EQUIPMENT

    total $63,349 · program services $39,731 · management and general $23,618

  • 24d · Other expenses: BAD DEBT

    total $57,917 · program services $57,917

  • 24e · All other expenses

    total $45,779 · program services $4,423 · management and general $41,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,882 · end of year $129,466

  • 4 · Accounts receivable

    beginning of year $130,094 · end of year $104,574

  • 8 · Inventories for sale or use

    beginning of year $45,102 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,520 · end of year $45,157

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

    $21,895,364

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

    $4,606,512

  • 10c · Land, buildings and equipment, net

    beginning of year $17,649,095 · end of year $17,288,852

  • 15 · Other assets

    beginning of year $5,319 · end of year $21,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $588,901 · end of year $938,910

  • 23 · Secured mortgages and notes payable

    beginning of year $567,350 · end of year $555,440

  • 25 · Other liabilities

    beginning of year $1,308,303 · end of year $2,314,876

  • 27 · Net assets without donor restrictions

    beginning of year $15,470,458 · end of year $13,779,858

Mission and programs · 2023

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 $5,466,122 · Revenue $5,125,071

As filed on the 2023 return.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

    Total calculated
    $1,184,579
    From this org
    $0
    From related orgs
    $1,155,028
    Other
    $29,551
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $774,419 related
    Bonus
    $0 + $380,609 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $16,351 related
    Filer's total
    $0 + $1,184,579 related

  • Michael Connell

    TREASURER & CFO

    Total calculated
    $683,447
    From this org
    $0
    From related orgs
    $645,813
    Other
    $37,634
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,383 related
    Bonus
    $0 + $181,430 related
    Other
    $0
    Deferred
    $0 + $16,884 related
    Nontaxable benefits
    $0 + $20,750 related
    Filer's total
    $0 + $683,447 related

  • Mike Martin

    ADMINISTRATOR

    Total calculated
    $156,995
    From this org
    $93,636
    From related orgs
    $40,130
    Other
    $23,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,136 + $38,630 related
    Bonus
    $3,500 + $1,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,260 + $6,969 related
    Filer's total
    $109,896 + $47,099 related

  • Michele Luke

    SECRETARY

    Total calculated
    $108,801
    From this org
    $0
    From related orgs
    $99,417
    Other
    $9,384
    Hours/week
    1 + 39 related

  • Mary Wagner

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Jesse Bond

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Greg Russell

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Barb Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Cathy Danigelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Kathi Lentzsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Scott Lumsden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Jim Melhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Joy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Lisa Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 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

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 INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202512279349300326

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