Northaven Development
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Seattle, WA
- Founding
- 08/1993
- Data as of
- 12/2022
- 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 12/2022, Northaven Development employed 64 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 12/2022, Northaven Development generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Theresa Peloso President | OfficerTrustee | 4 | $0 |
Kent Gregory Vice President | OfficerTrustee | 0.5 | $0 |
Barb Curry Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Themelis Secretary | OfficerTrustee | 0.5 | $0 |
Evelyn Delgadillo-Contreras Member | Trustee | 0.5 | $0 |
Kevin Diefendorf 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 | $148,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,600 |
| Total Program Service Revenue | $1,682,296 |
| Investment income | $18,771 |
| 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 | $1,858,501 |
| 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 | $648,178 |
| Pension plan accruals and contributions | $29,246 |
| Other employee benefits | $64,219 |
| Payroll taxes | $122,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,592 |
| Fees for services: Accounting | $4,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $973 |
| Office expenses | $10,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,279 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,077 |
| Interest | $47,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,804 |
| Insurance | $36,273 |
| All other expenses | $28,409 |
| Total functional expenses | $1,605,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,649 |
| Savings and temporary cash investments | $393,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,018,249 |
| 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 | $12,000 |
| Net Land, buildings, and equipment | $659,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,581 |
| Total assets | $2,306,825 |
| Accounts payable and accrued expenses | $176,617 |
| Grants payable | $0 |
| Deferred revenue | $71,085 |
| 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 | $1,421,257 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,800 |
| Total liabilities | $1,681,759 |
| Net assets without donor restrictions | $579,528 |
| Net assets with donor restrictions | $45,538 |
| 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 | $2,306,825 |