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Nonprofiteer
← PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Form 990 for tax year 2024

Filed by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST.

Totals

Total revenue
$97,892,842
Total expenses
$127,287,194
Contributions and grants received
$3,969,164
Grants paid
$11,818,048
Program service revenue
$88,756,255
Investment income
$3,650,111
Other revenue
$1,517,312
Total assets, end of year
$502,372,252
Total liabilities, end of year
$741,119,654
Net assets or fund balances, end of year
-$238,747,402
Program services expenses (Part IX)
$109,114,006
Management and general expenses
$18,173,188
Fundraising expenses
$0
Program service expenses (Part III)
$109,114,006

Program services were 85.7% 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
    $1,214,260
    From this org
    $0
    From related orgs
    $1,174,707
    Other
    $39,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,632 related
    Bonus
    $0 + $371,277 related
    Other
    $0 + $8,798 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $25,753 related
    Filer's total
    $0 + $1,214,260 related

  • MICHAEL CONNELL

    TREASURER & CFO

    Total calculated
    $661,388
    From this org
    $0
    From related orgs
    $637,621
    Other
    $23,767
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,182 related
    Bonus
    $0 + $58,504 related
    Other
    $0 + $91,935 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $9,967 related
    Filer's total
    $0 + $661,388 related

  • DAHAE KWON

    DIRECTOR OF SALES AND MARKETING

    Total calculated
    $194,761
    From this org
    $185,469
    From related orgs
    $0
    Other
    $9,292
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $89,539
    Bonus
    $95,930
    Other
    $0
    Deferred
    $7,489
    Nontaxable benefits
    $1,803
    Filer's total
    $194,761

  • DAVID GARY JACOBS

    EXECUTIVE DIRECTOR

    Total calculated
    $176,819
    From this org
    $158,508
    From related orgs
    $0
    Other
    $18,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,156
    Bonus
    $8,352
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,311
    Filer's total
    $176,819

  • SCOTT RICE

    EXEC. DIRECTOR (THROUGH JULY 2025)

    Total calculated
    $132,457
    From this org
    $132,457
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MICHELE LUKE

    SECRETARY

    Total calculated
    $125,600
    From this org
    $0
    From related orgs
    $118,517
    Other
    $7,083
    Hours/week
    1 + 39 related

  • JESSE BOND

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • GREG RUSSELL

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • BARB BENNETT

    DIRECTOR & VICE CHAIR

    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 (THROUGH NOVEMBER 2024)

    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 (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • MARY WAGNER

    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. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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 · MN · income $45,322,386 · assets $302,450,761

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • MINNESOTA SENIOR LIVING LLC

    OPERATE RETIREMENT COMMUNITY · MN · income $29,331,486 · assets $80,027,054

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

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 · 100% owned · share of income $4,991,208 · share of assets $7,022,409 · controlled entity

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NW

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

  • ALEGRECARE INC

    C · HOME HEALTH · CA · 100% owned · share of income $2,361,967 · share of assets $4,744,170 · controlled entity

    Directly controlled by TRANSFORMING AGE VENTURES INC

  • HEALTH CARE PARTNERS INC

    C · HOME HEALTH · CA · 100% owned · share of income $902,505 · share of assets $1,650,632 · controlled entity

    Directly controlled by TRANSFORMING AGE VENTURES INC

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202622299349301507

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