Riverview Lutheran Retirement Community Of Spokane
- Assets
- $52.6m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 258
- Location
- Spokane, WA
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 91-0824085
Organization Overview
Riverview Lutheran Retirement Community Of Spokane, operating under the name Riverview Retirement Community, is located in Spokane, WA. The organization was established in 1969. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Riverview Retirement Community employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview Retirement Community 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, Riverview Retirement Community generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $16.4m during the year ending 12/2021. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE, HOUSING AND SERVICES IN A CHRIST-CENTERED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERVIEW TERRACE PROVIDES INDEPENDENT AND ASSISTED LIVING SERVICES IN 136 AVAILABLE APARTMENTS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, TERRACE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, A STATE-OF-THE-ART WOODSHOP, ACTIVITIES PROGRAM, NURSING SERVICES, ACCESS TO THERAPY ASSISTANCE, COUNSELING ASSISTANCE, A CHAPLAIN AND CHAPEL, BEAUTY SALON, LIBRARY, COFFEE SHOP, AND A SPECIAL EVENT PRIVATE DINING ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR INDEPENDENT AND ASSISTED LIVING SERVICES. IN 2021, THIS FACILITY HAD 64.0% AVERAGE OCCUPANCY.
RIVERVIEW VILLAGE IS MADE UP OF 164 INDEPENDENT LIVING HOMES SPREAD THROUGHOUT THE RIVERVIEW CAMPUS, WHICH COVERS OVER 30 ACRES ALONG THE SPOKANE RIVER. VILLAGE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, GROUNDS CARE (LAWN MOWING, GARDENS AND SNOW REMOVAL), MAINTENANCE SERVICES, A STATE-OF-THE-ART WOODSHOP, AND AN ACTIVITIES PROGRAM. RESIDENTS PURCHASE AN UNLIMITED RIGHT TO OCCUPY WITH AN ENTRANCE FEE. WHEN A RESIDENT VACATES, THE VACATING RESIDENT RECEIVES A REFUND OF 80% OF THE ENTRANCE FEE WHEN THE HOME IS REOCCUPIED. RESIDENTS ALSO PAY A MONTHLY FEE. IN 2021, THIS FACILITY HAD 94.1% AVERAGE OCCUPANCY.
RIVERVIEW MEMORY CARE PROVIDES DEMENTIA AND ALZHEIMER SERVICES IN 20 ASSISTED LIVING ROOMS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, MEMORY CARE RESIDENTS ENJOY THE FOLLOWING AMENITIES FOR AN ALL INCLUSIVE MONTHLY FEE: 18-FOOT AQUARIUM, ACTIVITIES PROGRAM, OUTDOOR GARDEN AREA, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, BEAUTY SALON, AND A SPECIAL EVENT ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR MEMORY CARE SERVICES. IN 2021, THIS FACILITY HAD 95.8% AVERAGE OCCUPANCY.
RIVERVIEW REHABILITATION CENTER IS A LICENSED COMPREHENSIVE OUTPATIENT REHABILITATION FACILITY (CORF) THAT PROVIDES COORDINATED OUTPATIENT DIAGNOSITC, THERAPEUTIC, AND RESTORATIVE SERVICES TO ITS RESIDENTS AT A FIXED LOCATION FOR THE REHABILITATION OF INJURED, DISABLED OR SICK INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Drew President & CEO | Officer | 50 | $491,468 |
Charles Tirrell Former Officer | 0 | $318,462 | |
Christi Eskelsen VP - Finance | Officer | 50 | $139,960 |
Nancy Simien Chief Nursing Officer | 50 | $131,300 | |
April Ritter Director Of Therapy Services | 50 | $121,146 | |
Heidi Ulland Director Of Sales & Marketing | 50 | $105,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S & S Developments Inland Nw Llc Construction | 12/30/21 | $565,053 |
Nuvodia It Services | 12/30/21 | $121,027 |
Bouten Construction Company Construction | 12/30/21 | $215,275 |
Witherspoon Kelley Davenport & Toole Ps Legal Services | 12/30/21 | $187,328 |
United Floor Covering Llc Construction | 12/30/21 | $108,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,931,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000,236 |
| Total Program Service Revenue | $10,119,193 |
| Investment income | $721,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,403 |
| Net Gain/Loss on Asset Sales | $1,301,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,375,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,787 |
| 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. | $704,068 |
| Compensation of current officers, directors, key employees. | $704,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,933,178 |
| Pension plan accruals and contributions | $114,077 |
| Other employee benefits | $765,357 |
| Payroll taxes | $489,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,517 |
| Fees for services: Accounting | $35,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,547 |
| Fees for services: Other | $157,974 |
| Advertising and promotion | $197,477 |
| Office expenses | $158,907 |
| Information technology | $284,843 |
| Royalties | $0 |
| Occupancy | $1,180,192 |
| Travel | $75,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,384 |
| Interest | $945,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,311,527 |
| Insurance | $247,902 |
| All other expenses | $192,324 |
| Total functional expenses | $16,388,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,363 |
| Savings and temporary cash investments | $1,529,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $488,635 |
| 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 | $135,757 |
| Net Land, buildings, and equipment | $34,964,593 |
| Investments—publicly traded securities | $14,428,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,587,969 |
| Accounts payable and accrued expenses | $3,776,871 |
| Grants payable | $0 |
| Deferred revenue | $34,340,626 |
| Tax-exempt bond liabilities | $13,979,315 |
| Escrow or custodial account liability | $4,963 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,594,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,500 |
| Total liabilities | $56,831,011 |
| Net assets without donor restrictions | -$4,502,301 |
| Net assets with donor restrictions | $259,259 |
| 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 | $52,587,969 |
Endowment Analysis
| Beg. Balance | $457,263 |
| Earnings | $49,095 |
| Other Expense | $20,367 |
| Ending Balance | $485,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caroline Kline Galland Home Seattle, WA | $26,809,529 | $49,877,934 |
Veterans Care Centers Of Oregon Salem, OR | $6,013,060 | $38,949,539 |
Sisters Of St Mary Of Oregon Maryville Corporation Beaverton, OR | $25,202,289 | $20,408,503 |
Valley Vista Care Corporation St Maries, ID | $23,926,674 | $19,662,049 |
Riverview Lutheran Retirement Community Of Spokane Spokane, WA | $52,587,969 | $16,375,778 |
Kin On Health Care Center Seatle, WA | $33,662,547 | $17,454,802 |
Christian Health Care Center Lynden, WA | $11,480,143 | $15,500,102 |
Martha And Mary Lutheran Services Poulsbo, WA | $10,897,947 | $14,434,557 |
West Valley Nursing Homes Living Care Centers Inc Yakima, WA | $29,777,502 | $12,283,436 |
Columbia Lutheran Ministries Seattle, WA | $23,787,297 | $15,197,000 |
Friendship Health Center Inc Portland, OR | $7,669,788 | $11,107,649 |
Masonic And Eastern Star Home Forest Grove, OR | $71,707,379 | $17,096,099 |