Franke Tobey Jones
- Assets
- $53.2m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 260
- Location
- Tacoma, WA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 91-0575957
Organization Overview
Franke Tobey Jones is located in Tacoma, WA. The organization was established in 2003. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Franke Tobey Jones employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franke Tobey Jones 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, Franke Tobey Jones generated $19.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $20.8m during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 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
TO ENRICH AND EXTEND THE QUALITY OF LIFE FOR SENIORS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN EXISTENCE FOR ALMOST 100 YEARS, FRANKE TOBEY JONES OFFERS A FULL SPECTRUM OF QUALITY HOUSING, SERVICES AND PROGRAMS, INCLUDING SKILLED NURSING CARE. AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), FTJ SERVES AS MANY AS 330 SENIORS AND EMPLOYS A STAFF OF APPROXIMATELY 170. SITUATED ON TWENTY ACRES OF BEAUTIFULLY LANDSCAPED GROUNDS, FTJ OFFERS A COMPLETE RANGE OF LIVING ACCOMMODATIONS FOR SENIORS WITH VARYING NEEDS SUCH AS DUPLEX OR APARTMENT LIVING TYPE UNITS FOR INDEPENDENT RETIREES; ASSISTED LIVING AND MEMORY SUPPORT FOR THOSE WHO NEED EXTRA CARE AND SERVICES IN THEIR APARTMENTS; AND RESIDENTS REQUIRING SKILLED NURSING ARE PROVIDED 24-HOUR CARE BY A STAFF OF MEDICAL PROFESSIONALS. FTJ ALSO OFFERS AN ARRAY OF COMMUNITY PROGRAMS, ARTS AND CULTURAL EVENTS, AS WELL AS NUMEROUS EDUCATIONAL AND SOCIAL ACTIVITIES.
FRANKE TOBEY JONES IS COMMITTED TO MAINTAINING AS RESIDENTS THOSE WHO HAVE BEEN ADMITTED TO FTJ BUT WHO SUBSEQUENTLY BECOME UNABLE TO PAY. WITH THAT GOAL IN MIND, THE CHARITABLE SUBSIDY PROGRAM WAS INSTITUTED TO PROVIDE FOR THE HOUSING AND CARE OF THOSE RESIDENTS WHO BECOME UNABLE TO MEET ALL OF THEIR FINANCIAL OBLIGATIONS TO FTJ FOR THEIR RESIDENCY AND CARE. THE PROGRAM ENABLES THESE RESIDENTS THE ABILITY TO STAY IN THEIR HOMES AND CONTINUE TO ENJOY THE QUALITY OF LIFE THEY HAVE COME TO KNOW. IN THE LAST 15 YEARS ALONE, FTJ HAS PROVIDED MORE THAN $4.4 MILLION FOR SUBSIDY RECIPIENTS. THE NUMBER OF THOSE ON THE PROGRAM HAS VARIED WITH AS MANY AS NINE RESIDENTS IN A GIVEN YEAR.
THE SENIOR WELLNESS PROGRAM ASSISTS SENIORS 55 AND OLDER IN KEEPING HEALTHY AND ACTIVE. THE PROGRAM OFFERS A HOLISTIC, PREVENTATIVE WELLNESS PROGRAM THAT IMPROVES QUALITY OF LIFE TO OVER 750 INDIVIDUALS, BOTH RESIDENTS AND THE COMMUNITY. THE WELLNESS CENTER AT FTJ HOUSES A FULLY EQUIPPED WORKOUT ROOM WITH CERTIFIED INSTRUCTORS AND A PERSONAL TRAINER. THE CENTER ALSO HOSTS THE ANNUAL SENIOR WELLNESS WALK & HEALTH FAIR. NOT ONLY FOR RESIDENTS, STAFF AND THE COMMUNITY, LOCAL VENDORS ARE ALSO INVITED TO PARTICIPATE, OFFERING PRODUCTS AND SERVICES TO PROMOTE THE HEALTH & WELL-BEING OF THOSE PARTICIPATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hushagen Chair | OfficerTrustee | 1 | $0 |
Marcie Lazzari Vice Chair | OfficerTrustee | 1 | $0 |
Bz Zenczak Treasurer | OfficerTrustee | 1 | $0 |
Patricia Mail Secretary/resident | OfficerTrustee | 1 | $0 |
Claire Griffin Director/resident | Trustee | 1 | $0 |
Janet Kruzel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Staffing Agency Staffing Agency | 12/30/23 | $783,744 |
Accrete Construction Llc Construction | 12/30/23 | $285,161 |
First Choice Staffing Agency Staffing Agency | 12/30/23 | $150,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,425 |
| Total Program Service Revenue | $18,516,504 |
| Investment income | $287,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,385,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $371,365 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $431,668 |
| Compensation of current officers, directors, key employees. | $310,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,143,248 |
| Pension plan accruals and contributions | $79,766 |
| Other employee benefits | $733,377 |
| Payroll taxes | $746,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$876 |
| Fees for services: Accounting | $74,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $4,110,090 |
| Advertising and promotion | $64,810 |
| Office expenses | $175,762 |
| Information technology | $261,994 |
| Royalties | $0 |
| Occupancy | $1,521,015 |
| Travel | $33,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,076,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,970,133 |
| Insurance | $219,731 |
| All other expenses | $2,651 |
| Total functional expenses | $20,793,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,499 |
| Savings and temporary cash investments | $4,600,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,558 |
| 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 | $72,844 |
| Net Land, buildings, and equipment | $41,771,786 |
| Investments—publicly traded securities | $4,419,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,378,190 |
| Total assets | $53,247,979 |
| Accounts payable and accrued expenses | $1,993,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $24,289,693 |
| 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 | $3,174,412 |
| Total liabilities | $29,457,961 |
| Net assets without donor restrictions | $20,935,632 |
| Net assets with donor restrictions | $2,854,386 |
| 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 | $53,247,979 |