Vashon Island Community Care
- Assets
- $215.2k
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Bellevue, WA
- Founding
- 05/1995
- Data as of
- 09/2023
- EIN
- 91-1703092
Organization Overview
Vashon Island Community Care is located in Bellevue, WA. The organization was established in 1995. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Vashon Island Community Care employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vashon Island Community Care 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 09/2023, Vashon Island Community Care generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. 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
HOME AND ASSISTED LIVING CENTER ON VASHON ISLAND, WASHINGTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
VASHON COMMUNITY CARE CENTER IS A SENIOR LIVING FACILITY WITH 70 BEDS, ENRICHING THE INDIVIDUALS' EXPERIENCE OF AGING ON VASHON ISLAND THROUGH CREATIVE, COLLABORATIVE, CARING, COMMUNITY-WIDE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torsten Hirche President & CEO | OfficerTrustee | 1 | $0 |
Michael Connell Treasurer & CFO | Officer | 1 | $0 |
Michelle Luke Secretary | Officer | 1 | $0 |
Scott Lumsden Chair & Director | OfficerTrustee | 0.1 | $0 |
Mary Wagner Vice Chair & Chair | OfficerTrustee | 0.1 | $0 |
Jesse Bond Director & Vice Chair | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presbyterian Retirement Communities Nw Management & Admin Services | 9/29/19 | $211,062 |
Heritage Nursing Services | 9/29/19 | $464,378 |
Sysco Food Services Food Services | 9/29/19 | $183,749 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $521,638 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,664 |
| Total Program Service Revenue | $0 |
| Investment income | $2,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,470,189 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,029,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $9,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$6,696 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,447 |
| Fees for services: Accounting | $17,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1 |
| Fees for services: Other | $711,951 |
| Advertising and promotion | $0 |
| Office expenses | $4,782 |
| Information technology | $1,889 |
| Royalties | $105,806 |
| Occupancy | $331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,868 |
| Insurance | $23,025 |
| All other expenses | $0 |
| Total functional expenses | $1,206,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,431 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,810 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,241 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $215,241 |
| Total liabilities | $215,241 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $215,241 |