Emerald Communities C O Aland Chambard
- Assets
- $24.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Redmond, WA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 20-4381745
Organization Overview
Emerald Communities C O Aland Chambard is located in Redmond, WA. The organization was established in 2017. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Emerald Communities C O Aland Chambard employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerald Communities C O Aland Chambard is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Emerald Communities C O Aland Chambard generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEADERSHIP FOR AFFILIATE ORGANIZATIONS PROVIDING SENIOR SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERALD COMMUNITIES IS CLASSIFIED AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). IT SERVES TO PROVIDE BENEFIT TO, PERFORM THE FUNCTION OF, AND/OR ASSIST IN CARRYING OUT THE SECTION 501(C)(3) PURPOSES OF EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) AND HERON'S KEY, WHICH INCLUDES PROVIDING, MAINTAINING AND OPERATING ONE OR MORE LIFE PLAN RETIREMENT COMMUNITIES AND OTHER FACILITIES, FOR THE SAFE AND SECURE HOUSING AND SERVICES TO ITS RESIDENTS. THE LIFE PLAN COMMUNITIES PROVIDE SERVICES AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL AND INTELLECTUAL NEEDS OF ITS RESIDENTS IN INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hardy President & CEO | Officer | 20 | $598,770 |
Jo Hollis VP Of Hr & Risk Management | 5 | $235,385 | |
Kay Wallin VP Marketing & Public Relations | Officer | 5 | $237,347 |
Grant Linacre Emerald Heights Executive Director | 5 | $229,239 | |
Michelle Wood Corporate Controller | 5 | $207,386 | |
Matt Mcarthur CFO (through June 2022) | Officer | 10 | $212,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greystone Development - Hawaii Development Services | 12/30/22 | $268,316 |
Rice Fergus Miller Inc Development Services | 12/30/22 | $197,252 |
Pbr Hawaii & Associates Inc Development Services | 12/30/22 | $134,907 |
Goodsill Anderson Quinn & Stifel Legal Services | 12/30/22 | $127,695 |
Commpac Llc Professional Services | 12/30/22 | $103,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $695,013 |
| Government grants | $157,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,974 |
| Total Program Service Revenue | $4,224,284 |
| Investment income | $129,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$983,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,223,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,170,421 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,892,947 |
| Pension plan accruals and contributions | $29,781 |
| Other employee benefits | $531,018 |
| Payroll taxes | $200,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,002 |
| Fees for services: Accounting | $30,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,178 |
| Fees for services: Other | $139,147 |
| Advertising and promotion | $11,153 |
| Office expenses | $18,248 |
| Information technology | $29,068 |
| Royalties | $0 |
| Occupancy | $4,090 |
| Travel | $37,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,592 |
| Interest | $299,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,758 |
| Insurance | $6,979 |
| All other expenses | $82,518 |
| Total functional expenses | $4,563,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,258 |
| Savings and temporary cash investments | $2,828,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,359 |
| Net Land, buildings, and equipment | $21,304 |
| Investments—publicly traded securities | $12,197,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,977,546 |
| Total assets | $24,362,216 |
| Accounts payable and accrued expenses | $712,169 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,770,483 |
| Total liabilities | $16,482,652 |
| Net assets without donor restrictions | $7,879,564 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,362,216 |