Lake Chelan Senior Housing Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Chelan, WA
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 91-1719617
Organization Overview
Lake Chelan Senior Housing Inc, operating under the name Heritage Heights At Lake Chelan, is located in Chelan, WA. The organization was established in 1996. 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, Heritage Heights At Lake Chelan employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Heights At Lake Chelan 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, Heritage Heights At Lake Chelan generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HERITAGE HEIGHTS IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WITH A BOARD OF DIRECTORS COMPRISED OF LOCAL LEADERS, ACCOUNTABLE TO THE RESIDENTS OF THE LAKE CHELAN VALLEY FOR THE CARE OF OUR ELDERS. HERITAGE HEIGHTS IS AN INNOVATOR, ACTIVELY PARTICIPATING IN CULTURE CHANGE THAT EMPOWERS ELDERS TO MAKE DECISIONS AFFECTING THEIR LIVES AND HOW THEY LIVE ON A DAILY BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CHELAN SENIOR HOUSING INC. D/B/A HERITAGE HEIGHTS AT LAKE CHELAN PROVIDES ASSISTED LIVING TO SENIOR ADULTS. THE FACILITY HAS 30 UNITS AND IS LICENSED FOR 32 BEDS. SERVICES PROVIDED INCLUDE SENIOR HOUSING, MEAL SERVICE, AND ASSISTANCE WITH DAILY LIVING ACTIVITIES. AS A NON-PROFIT, THE ASSISTED LIVING FACILITY SERVES A LARGELY RURAL, LOW-INCOME POPULATION IN THE CHELAN VALLEY. EIGHTY PERCENT OF RESIDENTS FALL BELOW EIGHTY PERCENT OF THE MEDIAN INCOME FOR CHELAN COUNTY. HERITAGE HEIGHTS FOLLOWS A RESIDENT-DIRECTED APPROACH TO SENIOR LIVING, IN WHICH THE RESIDENTS ARE ACTIVELY ENGAGED IN DETERMINING THE PROGRAMS AND SERVICE OFFERINGS AND PARTICIPATE IN MAJOR DECISIONS SUCH AS REFURBISHMENT, MENU PLANS, ACTIVITIES, AND HIRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timi Starkweather Board Chairman | OfficerTrustee | 1 | $0 |
Steve Firman Treasurer | OfficerTrustee | 1 | $0 |
Susie Hepner Vice-Chair | OfficerTrustee | 1 | $0 |
Leslie Myers Secretary | OfficerTrustee | 1 | $0 |
Wendy Isenhart Member | Trustee | 1 | $0 |
Sharon Lukacs Member | Trustee | 1 | $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 | $374,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,046 |
| Total Program Service Revenue | $1,120,560 |
| Investment income | $0 |
| 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 | $1,494,606 |
| 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 | $745,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,549 |
| Payroll taxes | $79,982 |
| Fees for services: Management | $67,246 |
| Fees for services: Legal | $7,796 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,685 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,916 |
| Insurance | $22,746 |
| All other expenses | $0 |
| Total functional expenses | $1,525,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,543 |
| Savings and temporary cash investments | $31,780 |
| Pledges and grants receivable | $250,618 |
| Accounts receivable, net | $133,800 |
| 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 | $20,536 |
| Net Land, buildings, and equipment | $610,720 |
| Investments—publicly traded securities | $13,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,147 |
| Total assets | $1,279,426 |
| Accounts payable and accrued expenses | $250,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,385,814 |
| 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 | $29,430 |
| Total liabilities | $1,665,894 |
| Net assets without donor restrictions | -$637,086 |
| Net assets with donor restrictions | $250,618 |
| 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 | $1,279,426 |