Northaven Inc
- Assets
- $5.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Seattle, WA
- Founding
- 03/1972
- Data as of
- 12/2021
- EIN
- 91-0877707
Organization Overview
Northaven Inc is located in Seattle, WA. The organization was established in 1972. 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, Northaven Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northaven Inc 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, Northaven Inc generated $3.0m 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 $3.2m during the year ending 12/2021. While expenses have increased by 4.2% 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
TO PROVIDE HOUSING AND NUTRITIONALLY BALANCED MEALS TO APPROXIMATELY 200 LOW INCOME ELDERLY PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING APARTMENT DWELLING, PARKING, AND NUTRITIONALLY BALANCED MEALS FOR APPROXIMATELY 200 LOW-INCOME ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Peloso President | OfficerTrustee | 1 | $0 |
Kent Gregory Vice President | OfficerTrustee | 1 | $0 |
Justin Meith Treasurer | OfficerTrustee | 1 | $0 |
Karen Themelis Secretary | OfficerTrustee | 1 | $0 |
Vikas Bhatia Director | Trustee | 1 | $0 |
Magda Hanna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,084,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,261 |
| Total Program Service Revenue | $1,866,378 |
| Investment income | $573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,957,212 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,130,752 |
| Pension plan accruals and contributions | $31,132 |
| Other employee benefits | $119,033 |
| Payroll taxes | $102,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,255 |
| Fees for services: Accounting | $17,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,993 |
| Advertising and promotion | $7,920 |
| Office expenses | $30,426 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $592,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,797 |
| Interest | $169,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,698 |
| Insurance | $114,493 |
| All other expenses | $8,897 |
| Total functional expenses | $3,169,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,613 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,429,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $906,820 |
| Total assets | $5,372,025 |
| Accounts payable and accrued expenses | $502,845 |
| Grants payable | $0 |
| Deferred revenue | $37,049 |
| 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 | $6,552,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,232 |
| Total liabilities | $7,220,439 |
| Net assets without donor restrictions | -$1,848,414 |
| 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 | $5,372,025 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northaven Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Northaven Foundation Seattle, WA PURPOSE: RESIDENT SERVICES | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |
Northaven Inc Seattle, WA | $5,372,025 | $2,957,212 |
Christ The King Community Outreach Tacoma, WA | $5,977,714 | $3,001,380 |
Southeast Alaska Independent Living Inc Juneau, AK | $2,403,466 | $3,080,871 |
Hilltop House Inc Seattle, WA | $9,641,333 | $2,325,535 |
North Pacific Homes Inc Gresham, OR | $10,764,437 | $2,745,999 |