Northaven Development
- Assets
- $2.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 66
- Location
- Seattle, WA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 91-1264261
Organization Overview
Northaven Development is located in Seattle, WA. The organization was established in 1993. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Northaven Development employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northaven Development 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 Development generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 4.1% 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 PHYSICALLY CHALLENGED ELDERLY RESIDENTS HOUSING, MEALS, AND ASSISTANCE WITH DAILY LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE APARTMENT HOUSING FOR APPROXIMATELY 40 SENIORS, INCLUDING MEAL SERVICES, NURSING CARE, SECURITY AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Gregory Vice President | OfficerTrustee | 0.5 | $0 |
Theresa Peloso President | OfficerTrustee | 4 | $0 |
Justin Meith Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Themelis Secretary | OfficerTrustee | 0.5 | $0 |
Vikas Bhatia Member | Trustee | 0.5 | $0 |
Sarajane Siegfriedt Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,596 |
| Total Program Service Revenue | $1,550,369 |
| Investment income | $24,669 |
| 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 | $1,813,152 |
| 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 | $1,206,771 |
| Pension plan accruals and contributions | $23,387 |
| Other employee benefits | $72,424 |
| Payroll taxes | $116,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,625 |
| Fees for services: Accounting | $5,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,858 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,041 |
| Office expenses | $7,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,896 |
| Insurance | $63,705 |
| All other expenses | $32,778 |
| Total functional expenses | $2,160,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,053 |
| Savings and temporary cash investments | $1,314,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,125 |
| 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 | $0 |
| Net Land, buildings, and equipment | $760,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,864 |
| Total assets | $2,167,642 |
| Accounts payable and accrued expenses | $104,170 |
| Grants payable | $0 |
| Deferred revenue | $16,533 |
| 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 | $1,467,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,300 |
| Total liabilities | $1,602,664 |
| Net assets without donor restrictions | $526,886 |
| Net assets with donor restrictions | $38,092 |
| 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 | $2,167,642 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northaven Development has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Cascade Manor Inc Eugene, OR | $42,821,373 | $11,584,077 |
Summit At First Hill Seattle, WA | $25,796,567 | $11,254,963 |
Eastern Idaho Community Action Partnership Inc Idaho Falls, ID | $10,497,417 | $11,009,429 |
Emerald Care Wapato, WA | $2,750,996 | $9,139,228 |
The Kenney Seattle, WA | $30,891,794 | $8,055,447 |
Oregon Baptist Retirement Home Portland, OR | $10,109,849 | $5,345,202 |
Norse Home Inc Seattle, WA | $2,457,700 | $4,457,669 |
Keiro Northwest Seattle, WA | $16,126,784 | $4,712,692 |
Foundation House At Northgate Gig Harbor, WA | $238,951 | $4,038,596 |