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← TRANSFORMING AGE

Form 990 for tax year 2023

Filed by TRANSFORMING AGE.

Totals

Total revenue
$12,566,071
Total expenses
$16,207,724
Contributions and grants received
$0
Grants paid
$2,305,000
Program service revenue
$11,514,233
Investment income
$763,169
Other revenue
$288,669
Total assets, end of year
$28,714,675
Total liabilities, end of year
$6,768,545
Net assets or fund balances, end of year
$21,946,130
Program services expenses (Part IX)
$16,207,724
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$16,207,724

Program services were 100.0% 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: MANAGEMENT FEES

    total $10,015,628 · related or exempt $10,015,628

  • 2b · Program service revenue: DEVELOPMENT FEES

    total $1,314,337 · related or exempt $1,314,337

  • 2c · Program service revenue: CONSULTING FEES

    total $184,268 · related or exempt $184,268

  • 3 · Investment income

    total $608,783 · excluded $608,783

  • 6a · Gross rents

    real property $27,995

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $27,995

  • 6d · Net rental income or loss

    total $27,995 · excluded $27,995

  • 7a · Gross sales of assets other than inventory

    securities $2,687,561

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

    securities $2,533,175

  • 7c · Gain or loss

    securities $154,386

  • 7d · Net gain or loss

    total $154,386 · excluded $154,386

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $260,674 · excluded $260,674

  • 11e · Other revenue, total

    $260,674

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,305,000 · program services $2,305,000

  • 5 · Compensation of officers, directors and key employees

    total $1,895,005 · program services $1,895,005

  • 7 · Other salaries and wages

    total $7,310,248 · program services $7,310,248

  • 8 · Pension plan contributions

    total $204,124 · program services $204,124

  • 9 · Other employee benefits

    total $438,319 · program services $438,319

  • 10 · Payroll taxes

    total $603,439 · program services $603,439

  • 11b · Fees: legal

    total $88,199 · program services $88,199

  • 11c · Fees: accounting

    total $66,539 · program services $66,539

  • 11f · Fees: investment management

    total $19,669 · program services $19,669

  • 11g · Fees: other

    total $545,653 · program services $545,653

  • 12 · Advertising and promotion

    total $4,308 · program services $4,308

  • 13 · Office expenses

    total $554,697 · program services $554,697

  • 16 · Occupancy

    total $155,681 · program services $155,681

  • 20 · Interest

    total $379,756 · program services $379,756

  • 22 · Depreciation, depletion and amortization

    total $401,685 · program services $401,685

  • 23 · Insurance

    total $45,641 · program services $45,641

  • 24a · Other expenses: EMPLOYEE EXPENSES

    total $548,121 · program services $548,121

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $265,032 · program services $265,032

  • 24c · Other expenses: SALES TAXES

    total $244,541 · program services $244,541

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $63,419 · program services $63,419

  • 24e · All other expenses

    total $68,648 · program services $68,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $799,027 · end of year $2,823,467

  • 2 · Savings and temporary cash investments

    end of year $12,262

  • 4 · Accounts receivable

    beginning of year $4,157,365 · end of year $1,709,706

  • 7 · Other notes and loans receivable

    beginning of year $4,876,498 · end of year $210,000

  • 8 · Inventories for sale or use

    beginning of year $6,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,414 · end of year $987,912

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

    $6,722,570

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

    $804,132

  • 10c · Land, buildings and equipment, net

    beginning of year $6,040,035 · end of year $5,918,438

  • 11 · Investments: publicly traded securities

    beginning of year $5,042,287

  • 13 · Investments: program-related

    beginning of year -$128,098,622 · end of year $2,635,997

  • 15 · Other assets

    beginning of year $8,915,005 · end of year $14,416,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,796 · end of year $3,055,242

  • 23 · Secured mortgages and notes payable

    beginning of year $3,724,453 · end of year $3,371,403

  • 25 · Other liabilities

    beginning of year $0 · end of year $341,900

  • 27 · Net assets without donor restrictions

    beginning of year -$102,515,268 · end of year $21,946,130

Mission and programs · 2023

Mission

TO DEVELOP AND PROVIDE STRATEGIC DIRECTION TO, MANAGE THE EMPLOYEES OF, AND OTHERWISE ENGAGE IN ACTIVITIES TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST ("PRCN") AND THOSE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) THAT ARE RELATED TO PRCN THROUGH COMMON CONTROL.

Activities or mission (Part I)

PROVIDE SUPPORT TO SUBSIDIARY ORGANIZATIONS.

  • DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, TRANSFORMING AGE BEGAN PROVIDING SUPPORT SERVICES TO 501(C)(3) SUBSIDIARY ORGANIZATIONS, INCLUDING PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST, GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON (DBA: GARDENS AT JUANITA BAY), VASHON ISLAND COMMUNITY CARE, CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT TOWERS), FRED LIND MANOR, FULL LIFE CARE, DOWNTOWN ACTION TO SAVE HOUSING (DBA: DASH), SENIOR HOUSING ASSISTANCE GROUP (DBA: SHAG), SHAG COMMUNITY LIFE FOUNDATION AND NORSE HOME.

    Expenses $16,207,724 · Grants $2,305,000 · Revenue $11,514,233

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

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

    Total calculated
    $1,184,579
    From this org
    $346,509
    From related orgs
    $808,519
    Other
    $29,551
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $232,326 + $542,093 related
    Bonus
    $114,183 + $266,426 related
    Other
    $0
    Deferred
    $3,960 + $9,240 related
    Nontaxable benefits
    $4,905 + $11,446 related
    Filer's total
    $355,374 + $829,205 related

  • Michael Connell

    TREASURER & CFO

    Total calculated
    $683,447
    From this org
    $193,744
    From related orgs
    $452,069
    Other
    $37,634
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $139,315 + $325,068 related
    Bonus
    $54,429 + $127,001 related
    Other
    $0
    Deferred
    $5,065 + $11,819 related
    Nontaxable benefits
    $6,225 + $14,525 related
    Filer's total
    $205,034 + $478,413 related

  • Kenneth Noreen

    COO

    Total calculated
    $490,538
    From this org
    $137,193
    From related orgs
    $320,118
    Other
    $33,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,693 + $267,618 related
    Bonus
    $22,500 + $52,500 related
    Other
    $0
    Deferred
    $6,281 + $14,656 related
    Nontaxable benefits
    $3,687 + $8,603 related
    Filer's total
    $147,161 + $343,377 related

  • Michele Luke

    SECRETARY

    Total calculated
    $108,801
    From this org
    $29,825
    From related orgs
    $69,592
    Other
    $9,384
    Hours/week
    29 + 11 related

  • Mary Wagner

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Jesse Bond

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Greg Russell

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Barb Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Cathy Danigelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Kathi Lentzsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Scott Lumsden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Jim Melhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Joy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • Lisa Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • 1980 112TH LLC

    PROPERTY HOLDING · WA · income $361,740 · assets $5,521,830

    Directly controlled by TRANSFORMING AGE

  • TRANSFORMING AGE ASSOCIATES LLC

    MANAGEMENT SERVICES · WA · income $0 · assets $0

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202532269349302578

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