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← GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON INC

Form 990 for tax year 2022

Filed by GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON INC.

Totals

Total revenue
-$1,764,550
Total expenses
$572,554
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$1,774,524
Other revenue
$9,974
Total assets, end of year
$13,716,167
Total liabilities, end of year
$10,338,092
Net assets or fund balances, end of year
$3,378,075
Program services expenses (Part IX)
$185,601
Management and general expenses
$386,953
Fundraising expenses
$0
Program service expenses (Part III)
$185,601

Program services were 32.4% 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.

  • 3 · Investment income

    total $7,100 · excluded $7,100

  • 7a · Gross sales of assets other than inventory

    other assets $2,266,582

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

    other assets $4,048,206

  • 7c · Gain or loss

    other assets -$1,781,624

  • 7d · Net gain or loss

    total -$1,781,624 · excluded -$1,781,624

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,974 · excluded $9,974

  • 11e · Other revenue, total

    $9,974

Functional expenses

Part IX, the statement of functional expenses.

  • 8 · Pension plan contributions

    total -$4,887 · management and general -$4,887

  • 11b · Fees: legal

    total $551 · management and general $551

  • 11g · Fees: other

    total $14,299 · program services $6,973 · management and general $7,326

  • 12 · Advertising and promotion

    total $17,203 · management and general $17,203

  • 13 · Office expenses

    total $2,998 · management and general $2,998

  • 14 · Information technology

    total $823 · program services $501 · management and general $322

  • 16 · Occupancy

    total $72,832 · program services $19,830 · management and general $53,002

  • 17 · Travel

    total $5,641 · management and general $5,641

  • 18 · Travel or entertainment for public officials

    total $156,965 · program services $156,965

  • 23 · Insurance

    total $20,135 · management and general $20,135

  • 24a · Other expenses: PROJECT COSTS

    total $284,668 · management and general $284,668

  • 24b · Other expenses: EQUIPMENT

    total $1,332 · program services $1,332

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $780 · management and general $780

  • 24d · Other expenses: RESIDENT EXPENSES

    total -$786 · management and general -$786

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,696 · end of year $2,994,639

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,215 · end of year $19,257

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

    $7,356,832

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

    $21,353

  • 10c · Land, buildings and equipment, net

    beginning of year $7,007,486 · end of year $7,335,479

  • 11 · Investments: publicly traded securities

    beginning of year $154,135 · end of year $172,348

  • 15 · Other assets

    beginning of year $125,111 · end of year $3,194,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,142 · end of year $1,429,429

  • 25 · Other liabilities

    beginning of year $1,542,435 · end of year $8,908,663

  • 27 · Net assets without donor restrictions

    beginning of year $5,704,066 · end of year $3,378,075

Mission and programs · 2022

Mission

PROVIDE LIVING QUARTERS, MEALS, PERSONAL CARE, AND SOCIAL ACTIVITIES AND SERVICES TO LOWER INCOME ELDERLY RESIDENTS; ALONG WITH CULTURAL AND RECREATIONAL ACTIVITIES. TRANSPORTATION IS ALSO PROVIDED TO SUPPLEMENT MEDICAL AND RECREATIONAL NEEDS ON A DAILY BASIS.

Activities or mission (Part I)

PROVIDE HOUSING, MEALS, PERSONAL CARE & SOCIAL ACTIVITIES & SERVICES TO LOW-INCOME ELDERLY RESIDENTS.

  • PROVIDE LIVING QUARTERS, MEALS, PERSONAL CARE, AND SOCIAL ACTIVITIES AND SERVICES TO LOWER INCOME ELDERLY RESIDENTS; ALONG WITH CULTURAL AND RECREATIONAL ACTIVITIES. TRANSPORTATION IS ALSO PROVIDED TO SUPPLEMENT MEDICAL AND RECREATIONAL NEEDS ON A DAILY BASIS. THE HOME ALSO PROVIDES MEETING SPACE AND KITCHEN SUPPORT FOR RELATED ETHNIC CULTURAL EVENTS IN THE COMMUNITY. THE FACILITY CLOSED DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021.

    Expenses $185,601

As filed on the 2022 return.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • Michael Connell

    TREASURER & CFO

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

    Schedule J breakdown matched by us

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

  • Michelle Luke

    SECRETARY

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

  • Karen 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 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

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 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
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202412279349303581

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