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← SENIOR HOMES FOUNDATION OF EASTERN WASHINGTON

Form 990 for tax year 2023

Filed by SENIOR HOMES FOUNDATION OF EASTERN WASHINGTON.

Totals

Total revenue
$998,304
Total expenses
$501,615
Contributions and grants received
$3,740
Grants paid
$351,699
Program service revenue
$32,530
Investment income
$962,034
Other revenue
$0
Total assets, end of year
$5,201,731
Total liabilities, end of year
$4,177
Net assets or fund balances, end of year
$5,197,554
Program services expenses (Part IX)
$459,476
Management and general expenses
$28,106
Fundraising expenses
$14,033
Program service expenses (Part III)
$459,476

Program services were 91.6% 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

    $3,740

  • 2a · Program service revenue: RENTS & MAINTENANCE

    total $32,530 · related or exempt $32,530

  • 3 · Investment income

    total $19,132 · excluded $19,132

  • 7a · Gross sales of assets other than inventory

    securities $186,800 · other assets $1,394,025

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

    securities $136,620 · other assets $501,303

  • 7c · Gain or loss

    securities $50,180 · other assets $892,722

  • 7d · Net gain or loss

    total $942,902 · excluded $942,902

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $351,699 · program services $351,699

  • 11c · Fees: accounting

    total $3,025 · management and general $3,025

  • 11f · Fees: investment management

    total $18,263 · management and general $18,263

  • 11g · Fees: other

    total $42,867 · program services $22,820 · management and general $6,014 · fundraising $14,033

  • 13 · Office expenses

    total $322 · management and general $322

  • 16 · Occupancy

    total $39,452 · program services $39,452

  • 22 · Depreciation, depletion and amortization

    total $36,316 · program services $36,316

  • 23 · Insurance

    total $9,189 · program services $9,189

  • 24e · All other expenses

    total $482 · management and general $482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,746 · end of year $579,301

  • 2 · Savings and temporary cash investments

    beginning of year $104,201 · end of year $80,140

  • 4 · Accounts receivable

    beginning of year $781,171 · end of year $776,780

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

    $1,321,030

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

    $332,837

  • 10c · Land, buildings and equipment, net

    beginning of year $1,491,706 · end of year $988,193

  • 11 · Investments: publicly traded securities

    beginning of year $1,797,180 · end of year $2,777,317

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,268 · end of year $4,177

  • 27 · Net assets without donor restrictions

    beginning of year $4,239,736 · end of year $5,197,554

Mission and programs · 2023

Mission

THE FOUNDATION SECURES CHARITABLE CONTRIBUTIONS TO FUND PROGRAMS AND SERVICES THAT ENHANCE THE WELL-BEING, INDEPENDENCE, SECURITY AND DIGNITY OF THE RESIDENTS OF THE LILAC PLAZA, LILAC TERRACE, AND HOLMAN GARDENS RETIREMENT COMMUNITIES AND VARIOUS RENTAL PROPERTIES WHICH ARE FACILITIES OF SPOKANE BAPTIST ASSOCIATION HOMES (SBAH).

  • THE FOUNDATION PROVIDES SUPPORT TO SPOKANE BAPTIST ASSOCIATION HOMES (SBAH) (LILAC PLAZA, LILAC TERRACE, AND HOLMAN GARDENS RETIREMENT COMMUNITIES AND VARIOUS RENTAL PROPERTIES) TO ASSIST THEM IN PROVIDING AFFORDABLE HOUSING AND RELATED SERVICES TO MORE THAN 350 RESIDENTS TO ENSURE THEIR CONTINUED WELL-BEING. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT FOR BUILDING IMPROVEMENTS, UPGRADING EXISTING COMMUNITIES, AS WELL AS NEW BUILDING PROJECTS. THE FOUNDATION CONTRIBUTED APPROXIMATELY 352,000 TO SBAH PROPERTIES FOR PROJECTS DURING THE YEAR.

    Expenses $459,476 · Grants $351,699 · Revenue $32,530

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

Listed in Part VII

  • Teresa Warren

    DEVELOPMENT

    Total calculated
    $39,804
    From this org
    $0
    From related orgs
    $36,412
    Other
    $3,392
    Hours/week
    10 + 30 related

  • Steve Williams

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chuck Potter

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Simon Way

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lynn Huffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 July 2024
IRS schema version
2023v5.0
Source object
202422059349300642

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