Lutheran Retirement Home Of Greater Seattle Inc

Organization Overview

Lutheran Retirement Home Of Greater Seattle Inc, operating under the name The Hearthstone, is located in Seattle, WA. The organization was established in 1961. 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 12/2021, Hearthstone employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearthstone 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 12/2021, Hearthstone generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $22.7m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE INDEPENDENCE, HEALTH, SECURITY, PURPOSE AND BELONGING IN LIFE FOR ADULTS AGE 62 PLUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HEARTHSTONE OWNS AND OPERATES A LIFE PLAN COMMUNITY ("LAKESIDE") LOCATED IN SEATTLE, WASHINGTON, THAT INCLUDES 113 INDEPENDENT LIVING APARTMENTS, A SECOND FACILITY ("COVE WEST") THAT INCLUDES 27 INDEPENDENT LIVING APARTMENTS, AND A THIRD FACILITY ("COVE EAST") WITH 22 INDEPENDENT LIVING APARTMENTS. LAKESIDE ALSO INCLUDES A 40-BED NURSING CARE FACILITY, A 38-UNIT ASSISTED LIVING AREA, AND 12 MEMORY CARE APARTMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Unidine Corporation
Dining Management
$1,801,618
Macdonald-miller Facility Solutions
Construction
$456,524
Anderson Construction Group
Construction
$1,347,333
Andersen Construction Company Of Wa Llc
Construction
$669,600
Lutheran Services In The Northwest
Behavioral Health Services
$1,115,674
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,686,620
All other contributions, gifts, grants, and similar amounts not included above$54,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,741,115
Total Program Service Revenue$18,084,095
Investment income $1,219,209
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $796,437
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,992,663

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lutheran Retirement Home Of Greater Seattle Inc has recieved totaling $7,625.

Awarding OrganizationAmount
Thrivent Charitable Impact & Investing

Appleton, WI

PURPOSE: HELPING WOMEN WHO CAN NO LONGER AFFORD THEIR OWN CARE

$7,505
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$120
View Grant Recipient Profile

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