Salem Village
- Assets
- $11.2m
- Revenue
- $893.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Mount Vernon, WA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 91-1685447
Organization Overview
Salem Village is located in Mount Vernon, WA. The organization was established in 1997. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Salem Village employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Village 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, Salem Village generated $893.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $989.3k during the year ending 12/2021. While expenses have increased by 9.7% 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 AFFORDABLE, SAFE HOUSING FOR SENIORS IN SKAGIT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SENIOR ADULTS WITH QUALITY HOUSING FACILITIES AND SERVICES IN A CARING COMMUNITY AT BOTH SALEM VILLAGE II AND HIGHLAND GREENS II DEVELOPMENTS AND PROVIDE LOW RENTAL HOUSING TO PERSONS WITH LOW-INCOME AT SALEM VILLAGE APARTMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Van Selus Executive Director | OfficerTrustee | 38 | $59,600 |
Tom Hulbert President | OfficerTrustee | 4 | $0 |
Carl Libbey Vice President | OfficerTrustee | 4 | $0 |
Lori Lacey Secretary | OfficerTrustee | 2 | $0 |
Al Dunlap Director | OfficerTrustee | 2 | $0 |
Jean Champagne Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $800,811 |
| Investment income | $92,266 |
| 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 | $893,077 |
| 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. | $59,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,317 |
| Pension plan accruals and contributions | $7,050 |
| Other employee benefits | $6,363 |
| Payroll taxes | $28,725 |
| Fees for services: Management | $15,628 |
| Fees for services: Legal | $1,675 |
| Fees for services: Accounting | $12,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,903 |
| Advertising and promotion | $6,736 |
| Office expenses | $14,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,173 |
| Insurance | $35,276 |
| All other expenses | $3,458 |
| Total functional expenses | $989,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,279 |
| Savings and temporary cash investments | $1,102,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,824 |
| 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 | $6,328 |
| Net Land, buildings, and equipment | $7,519,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,385,510 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,203,453 |
| Accounts payable and accrued expenses | $46,662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,419,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,379,227 |
| Total liabilities | $9,845,204 |
| Net assets without donor restrictions | $0 |
| 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 | $1,358,249 |
| Total liabilities and net assets/fund balances | $11,203,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul Portland Council Portland, OR | $7,120,799 | $9,690,362 |
Catholic Cemeteries Of Spokane Spokane, WA | $14,710,630 | $2,387,424 |
Saint Vincent De Paul Conference Of Our Lady Star Of The Sea Bremerton, WA | $4,016,176 | $3,567,330 |
Friends Of The Consoling Sisters Of The Sacred Heart Of Jesus Inc Coeur D Alene, ID | $107,783 | $1,188,715 |
Chuckanut Health Foundation Bellingham, WA | $19,750,498 | $1,759,097 |
Salem Village Mount Vernon, WA | $11,203,453 | $893,077 |
Holy Family Catholic Clinic P S West Linn, OR | $362,106 | $778,763 |
Holy Names Foundation Marylhurst, OR | $5,960,876 | -$1,044,297 |
Carmelite Sisters Of Our Lady Seattle, WA | $320,471 | $242,131 |
Pace E Bene Inc Corvallis, OR | $123,076 | $185,399 |
Ignatian Resource Center Seattle, WA | $286,373 | $0 |
Society Of St Vincent De Paul Pocatello, ID | $185,135 | $0 |