Foss Home & Villiage
- Assets
- $11.5m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 295
- Location
- Seattle, WA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 91-0573114
Organization Overview
Foss Home & Villiage is located in Seattle, WA. The organization was established in 2014. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Foss Home & Villiage employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foss Home & Villiage 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 12/2023, Foss Home & Villiage generated $27.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $27.2m during the year ending 12/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME AND ASSISTED LIVING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1929 FOSS HOME AND VILLAGE HAS PROVIDED CARE FOR THE COMMUNITY IN A NURSING HOME AND ASSISTED LIVING SETTING. FOSS SERVES A POPULATION WITH A SUBSTANTIAL NUMBER OF MEDICAID AND MEDICARE SUPPORTED RESIDENTS AND PATIENTS, WITH 70% OF ITS SERVICE REVENUE FROM MEDICAID/MEDICARE. IN ADDITION TO PROVIDING CARE, FOSS STRIVES TO BE ACTIVE IN THE COMMUNITY BY PARTNERING WITH THE UNIVERSITY OF WASHINGTON, SHORELINE COMMUNITY COLLEGE AND OTHER COLLEGES AND UNIVERSITIES. FOSS PROVIDES A LEARNING ENVIRONMENT FOR INTERNSHIPS BASED IN THE FIELDS OF DENTISTRY, PHARMACY, RESTORATIVE THERAPY, NURSING, AND NURSING ASSISTANT TRAINING. FOSS ALSO HAS AN ACTIVE VOLUNTEER PROGRAM THAT ENCOURAGES HIGH SCHOOL AND COLLEGE STUDENTS. FOSS SERVED 499 NURSING HOME CLIENTS AND 39 ASSISTED LIVING CLIENTS, (CONTINUED IN SCHEDULE O)WITH THE AVERAGE LENGTH OF STAY FOR SHORT-STAY RESIDENTS, DEFINED BY THOSE WHO STAYED 100 DAYS OR LESS, OF APPROXIMATELY 22 DAYS. RATES ARE SET BASED ON THE MARKET IN THE SEATTLE AREA, WHICH ARE NECESSARY TO MAKE THE ORGANIZATION VIABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Kevin Mcfeely President/ceo | Officer | 22.5 | $0 |
Banafsheh Baharloo RN Nurse | 40 | $218,215 | |
Ayenew Aemero Lpn Nurse | 40 | $211,148 | |
Gebru Tezera Lpn Nurse | 40 | $185,337 | |
Solomon G-Kidane Lpn Nurse | 40 | $177,906 | |
Laura Molzahn Executive Director | Officer | 40 | $141,591 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sturdy Medical Staffing Llc Staffing Agency | 12/30/23 | $2,086,207 |
A Kind Heart Inc Staffing Agency | 12/30/23 | $887,684 |
Consonus Rehab Therapy | 12/30/23 | $862,092 |
Eastgate Staffing Agency Staffing Agency | 12/30/23 | $559,584 |
Coc Consulting Llc Lab Services | 12/30/23 | $152,511 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,708,346 |
| Total Program Service Revenue | $22,956,414 |
| Investment income | -$959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,958 |
| Net Gain/Loss on Asset Sales | $2,691,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,385,022 |
| 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. | $276,087 |
| Compensation of current officers, directors, key employees. | $276,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,449,959 |
| Pension plan accruals and contributions | $335,449 |
| Other employee benefits | $1,109,145 |
| Payroll taxes | $1,292,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,328 |
| Fees for services: Accounting | $19,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,271,566 |
| Advertising and promotion | $79,784 |
| Office expenses | $478,294 |
| Information technology | $175,937 |
| Royalties | $0 |
| Occupancy | $618,151 |
| Travel | $5,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $519,101 |
| Insurance | $341,029 |
| All other expenses | $196,928 |
| Total functional expenses | $27,241,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,130,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,698,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $346,027 |
| Prepaid expenses and deferred charges | $94,431 |
| Net Land, buildings, and equipment | $8,459,435 |
| Investments—publicly traded securities | $4,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,736 |
| Total assets | $11,477,442 |
| Accounts payable and accrued expenses | $2,497,489 |
| Grants payable | $0 |
| Deferred revenue | $137,431 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,736 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,688,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,329,520 |
| Net assets without donor restrictions | $6,147,922 |
| 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 | $11,477,442 |