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← PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Form 990 for tax year 2022

Filed by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST.

What the amendment changed

Compared with the return it replaced , filed 13 August 2024. matched by us Only the Part I totals and the names listed in Part VII 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
$143,439,616 changed to $143,061,728
Total expenses
$111,132,487 changed to $112,655,007
Grants paid
$260,670 changed to $2,099,467
Other revenue
$3,809,601 changed to $3,431,713
Total assets, end of year
$528,986,667 changed to $525,225,607
Total liabilities, end of year
$708,720,118 changed to $706,859,466
Net assets or fund balances, end of year
-$179,733,451 changed to -$181,633,859
Program services expenses
$95,381,579 changed to $96,904,407
Management and general expenses
$15,750,908 changed to $15,750,600
Program service expenses (Part III)
$95,381,579 changed to $96,904,407

Totals

Total revenue
$143,061,728
Total expenses
$112,655,007
Contributions and grants received
$58,979,595
Grants paid
$2,099,467
Program service revenue
$79,909,662
Investment income
$740,758
Other revenue
$3,431,713
Total assets, end of year
$525,225,607
Total liabilities, end of year
$706,859,466
Net assets or fund balances, end of year
-$181,633,859
Program services expenses (Part IX)
$96,904,407
Management and general expenses
$15,750,600
Fundraising expenses
$0
Program service expenses (Part III)
$96,904,407

Program services were 86.0% 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.

  • 1d · Related organizations

    $58,973,229

  • 1f · All other contributions, gifts and grants

    $6,366

  • 2a · Program service revenue: INDEPENDENT LIVING

    total $37,616,681 · related or exempt $37,616,681

  • 2b · Program service revenue: ASSISTED LIVING

    total $18,726,810 · related or exempt $18,726,810

  • 2c · Program service revenue: RESIDENT SERVICES

    total $9,619,217 · related or exempt $9,619,217

  • 2d · Program service revenue: HEALTHCARE

    total $8,616,506 · related or exempt $8,616,506

  • 2e · Program service revenue: MEMORY CARE

    total $3,884,432 · related or exempt $3,884,432

  • 2f · All other program service revenue

    total $1,446,016 · related or exempt $1,446,016

  • 3 · Investment income

    total $1,508,257 · excluded $1,508,257

  • 6a · Gross rents

    real property $36,619

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,619

  • 6d · Net rental income or loss

    total $36,619 · excluded $36,619

  • 7a · Gross sales of assets other than inventory

    securities $627,237

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

    securities $1,358,118 · other assets $36,618

  • 7c · Gain or loss

    securities -$730,881 · other assets -$36,618

  • 7d · Net gain or loss

    total -$767,499 · excluded -$767,499

  • 10a · Gross sales of inventory

    $17,319

  • 10b · Cost of goods sold

    $10,305

  • 10c · Net income from sales of inventory

    total $7,014 · excluded $7,014

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,851,293 · excluded $2,851,293

  • 11b · Other revenue: PARKING REVENUE

    total $605,686 · excluded $605,686

  • 11c · Other revenue: LOSS ON EXTINGUISHMENT

    total -$68,899 · excluded -$68,899

  • 11e · Other revenue, total

    $3,388,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,099,467 · program services $2,099,467

  • 7 · Other salaries and wages

    total $27,042,257 · program services $23,300,218 · management and general $3,742,039

  • 8 · Pension plan contributions

    total $333,198 · program services $311,582 · management and general $21,616

  • 9 · Other employee benefits

    total $3,189,320 · program services $2,479,418 · management and general $709,902

  • 10 · Payroll taxes

    total $2,333,643 · program services $2,112,170 · management and general $221,473

  • 11a · Fees: management

    total $5,287,072 · program services $5,287,072

  • 11b · Fees: legal

    total $166,298 · program services $8,975 · management and general $157,323

  • 11c · Fees: accounting

    total $79,208 · management and general $79,208

  • 11f · Fees: investment management

    total $151,994 · management and general $151,994

  • 11g · Fees: other

    total $3,772,277 · program services $2,893,908 · management and general $878,369

  • 12 · Advertising and promotion

    total $1,246,946 · program services $119,695 · management and general $1,127,251

  • 13 · Office expenses

    total $857,330 · program services $388,569 · management and general $468,761

  • 14 · Information technology

    total $704,839 · program services $220,344 · management and general $484,495

  • 16 · Occupancy

    total $9,772,914 · program services $5,699,118 · management and general $4,073,796

  • 17 · Travel

    total $237,956 · program services $30,482 · management and general $207,474

  • 19 · Conferences, conventions and meetings

    total $197,337 · program services $130,657 · management and general $66,680

  • 20 · Interest

    total $18,709,262 · program services $18,709,262

  • 22 · Depreciation, depletion and amortization

    total $25,487,766 · program services $25,487,766

  • 23 · Insurance

    total $1,582,622 · management and general $1,582,622

  • 24a · Other expenses: FOOD & DIETARY

    total $3,611,887 · program services $3,576,167 · management and general $35,720

  • 24b · Other expenses: RESIDENT EXPENSES

    total $2,508,099 · program services $2,241,583 · management and general $266,516

  • 24c · Other expenses: MISCELLANEOUS

    total $1,217,247 · program services $130,411 · management and general $1,086,836

  • 24d · Other expenses: SMALL EQUIPMENT

    total $1,111,079 · program services $972,690 · management and general $138,389

  • 24e · All other expenses

    total $954,989 · program services $704,853 · management and general $250,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,146,127 · end of year $13,384,263

  • 2 · Savings and temporary cash investments

    beginning of year $26,770,216 · end of year $27,154,403

  • 4 · Accounts receivable

    beginning of year $1,184,910 · end of year $11,818,684

  • 7 · Other notes and loans receivable

    beginning of year $550,000

  • 8 · Inventories for sale or use

    beginning of year $10,530 · end of year $10,534

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,062,824 · end of year $757,751

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

    $566,488,138

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

    $165,435,086

  • 10c · Land, buildings and equipment, net

    beginning of year $409,575,215 · end of year $401,053,052

  • 11 · Investments: publicly traded securities

    beginning of year $44,078,503 · end of year $42,103,583

  • 14 · Intangible assets

    beginning of year $17,446,237 · end of year $14,538,531

  • 15 · Other assets

    beginning of year $10,162,556 · end of year $14,404,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,654,566 · end of year $15,842,314

  • 19 · Deferred revenue

    beginning of year $284,616,294 · end of year $303,851,799

  • 20 · Tax-exempt bond liabilities

    beginning of year $358,094,388 · end of year $353,559,816

  • 21 · Escrow or custodial account liability

    beginning of year $2,394,903 · end of year $2,221,802

  • 23 · Secured mortgages and notes payable

    beginning of year $18,220,322 · end of year $31,383,735

  • 25 · Other liabilities

    beginning of year $13,311,000

  • 27 · Net assets without donor restrictions

    beginning of year -$154,304,355 · end of year -$181,633,859

Mission and programs · 2022

Mission

A FAITH-BASED NON-PROFIT ORGANIZATION THAT SUPPORT COMMUNITIES AND SERVICES COMMITTED TO IMPROVING THE LIVES OF OLDER ADULTS BY INTEGRATING HOUSING, COMMUNITY SERVICES, TECHNOLOGY, PHILANTHROPY, AND PARTNERSHIPS.

Activities or mission (Part I)

A FAITH-BASED ORGANIZATION SUPPORTING COMMUNITIES AND SERVICES THAT CELEBRATE AND ENRICH LIVES.

  • SEE SCHEDULE O

    Expenses $96,904,407 · Grants $2,099,467 · Revenue $79,909,662

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TORSTEN HIRCHE

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • MICHAEL CONNELL

    TREASURER & CFO

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

    Schedule J breakdown matched by us

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

  • KEN NOREEN

    VP OF CCRC'S

    Total calculated
    $321,619
    From this org
    $320,419
    From related orgs
    $0
    Other
    $1,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,419
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,200
    Filer's total
    $321,619

  • KIMBERLY LOVEALL PRICE

    VP OF COMMUNITY DEVELOPMENT

    Total calculated
    $238,060
    From this org
    $229,611
    From related orgs
    $0
    Other
    $8,449
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $178,170
    Bonus
    $51,441
    Other
    $0
    Deferred
    $5,957
    Nontaxable benefits
    $2,492
    Filer's total
    $238,060

  • JEFFREY SLICHTA

    EXECUTIVE VP, HOUSING & HOSPITALITY

    Total calculated
    $225,280
    From this org
    $224,268
    From related orgs
    $0
    Other
    $1,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,268
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,012
    Filer's total
    $225,280

  • STANLEY MARTIN

    CORPORATE CONTROLLER

    Total calculated
    $177,061
    From this org
    $164,035
    From related orgs
    $0
    Other
    $13,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,035
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,026
    Filer's total
    $177,061

  • JAMES BENNET

    HEALTH SERVICES DIRECTOR

    Total calculated
    $169,887
    From this org
    $162,371
    From related orgs
    $0
    Other
    $7,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,242
    Bonus
    $44,129
    Other
    $0
    Deferred
    $5,434
    Nontaxable benefits
    $2,082
    Filer's total
    $169,887

  • MICHELLE LUKE

    SECRETARY

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

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 · WA · income $38,726,742 · assets $307,907,534

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

  • MINNESOTA SENIOR LIVING LLC

    OPERATE RETIREMENT COMMUNITY · MN · income $27,186,755 · assets $102,769,414

    Directly controlled by PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2025
IRS schema version
2022v5.0
Source object
202532249349302323

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