Northaven Inc
- Assets
- $4.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 60
- Location
- Seattle, WA
- Founding
- 03/1972
- Data as of
- 12/2023
- 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 12/2023, Northaven Inc employed 60 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 12/2023, Northaven Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 4.6% 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 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 |
Barb Curry Treasurer | OfficerTrustee | 1 | $0 |
Karen Themelis Secretary | OfficerTrustee | 1 | $0 |
Evelyn Delgadillo-Contreras Director | Trustee | 1 | $0 |
Kevin Diefendorf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,440,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,064 |
| Total Program Service Revenue | $2,113,367 |
| Investment income | $1,384 |
| 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 | $3,554,815 |
| 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 | $1,345,068 |
| Pension plan accruals and contributions | $34,512 |
| Other employee benefits | $164,787 |
| Payroll taxes | $121,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,303 |
| Fees for services: Accounting | $20,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,569 |
| Advertising and promotion | $5,670 |
| Office expenses | $40,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $658,104 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,172 |
| Interest | $141,988 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,942 |
| Insurance | $111,624 |
| All other expenses | $15,791 |
| Total functional expenses | $3,547,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,976 |
| Prepaid expenses and deferred charges | $9,975 |
| Net Land, buildings, and equipment | $3,896,268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $831,921 |
| Total assets | $4,883,039 |
| Accounts payable and accrued expenses | $610,344 |
| Grants payable | $0 |
| Deferred revenue | $40,944 |
| 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 | $6,351,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,685 |
| Total liabilities | $7,120,100 |
| Net assets without donor restrictions | -$2,237,061 |
| 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 | $4,883,039 |