Willamette View Foundation
- Assets
- $25.3m
- Revenue
- $101.0k
- Investments
- $21.1m
- Employees
- 2
- Location
- Portland, OR
- Founding
- 02/1970
- Data as of
- 12/2021
- EIN
- 93-0575395
Organization Overview
Willamette View Foundation is located in Portland, OR. The organization was established in 1970. 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, Willamette View Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willamette View Foundation 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, Willamette View Foundation generated $101.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $650.3k during the year ending 12/2021. 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
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE AND OTHER SUPPORT TO RESIDENTS OF WILLAMETTE VIEW, A LIFE PLAN COMMUNITY, ALSO KNOWN AS A CONTINUING CARE RETIREMENT COMMUNITY. RESIDENTS MAY APPLY FOR FINANCIAL ASSISTANCE IF THEIR PERSONAL AND FAMILY FINANCIAL RESOURCES ARE NO LONGER SUFFICIENT TO PAY THEIR LIVING EXPENSES AT WILLAMETTE VIEW, INC. THE FOUNDATION ALSO MAKES GRANTS TO WILLAMETTE VIEW, INC. ON A SELECTIVE BASIS FOR PROJECTS THAT BENEFIT WILLAMETTE VIEW RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT ASSISTANCE - THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS OF WILLAMETTE VIEW, WHO OUTLIVE THEIR AVAILABLE FINANCIAL RESOURCES OR WHO OTHERWISE NO LONGER HAVE THE RESOURCES TO FULLY MEET THEIR EXPENSES DUE TO ILLNESS OR OTHER UNEXPECTED EVENTS. IN ADDITION, THE FOUNDATION PROVIDES FINANCIAL MANAGEMENT SERVICES TO CERTAIN RESIDENTS OF WILLAMETTE VIEW TO ASSIST THEM WITH MANY ASPECTS OF DAILY, MONTHLY, AND YEARLY TASKS RELATED TO FINANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Wernli Executive Director | Officer | 40 | $155,706 |
Mike Gallagher Vice President | OfficerTrustee | 1 | $0 |
Christie Geiger President | OfficerTrustee | 1 | $0 |
Ron Gustafson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Gregory A Dufault Director | Trustee | 1 | $0 |
Carol Cameron Director | 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 | $93,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,281 |
| Total Program Service Revenue | $0 |
| Investment income | $7,692 |
| 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 | $100,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $161,856 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,483 |
| Compensation of current officers, directors, key employees. | $25,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,234 |
| Pension plan accruals and contributions | $3,012 |
| Other employee benefits | $14,271 |
| Payroll taxes | $16,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,463 |
| Fees for services: Accounting | $24,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,099 |
| Fees for services: Other | $7,150 |
| Advertising and promotion | $8,449 |
| Office expenses | $11,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,626 |
| All other expenses | $3,370 |
| Total functional expenses | $650,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,282 |
| Savings and temporary cash investments | $1,209,818 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| 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 | $50,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,780,606 |
| Investments—other securities | $21,144,473 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,253,332 |
| Accounts payable and accrued expenses | $25,900 |
| 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 | $961,286 |
| Total liabilities | $987,186 |
| Net assets without donor restrictions | $23,037,141 |
| Net assets with donor restrictions | $1,229,005 |
| 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 | $25,253,332 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Willamette View Foundation has recieved totaling $5,760.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Education | $5,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |
Community Eldercare Of San Diego San Diego, CA | $76,291,474 | $103,929,835 |
Center For Elders Independence Oakland, CA | $163,334,060 | $110,881,645 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Motion Picture And Television Fund Woodland Hills, CA | $117,551,107 | $62,254,849 |
Institute On Aging San Francisco, CA | $58,432,886 | $66,846,262 |
Wesley Homes Des Moines, WA | $289,596,176 | $68,453,311 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,699,459 | $60,276,801 |
Rogue Valley Manor Medford, OR | $249,123,090 | $59,343,722 |
Panorama Lacey, WA | $219,048,634 | $47,071,330 |
Eastside Retirement Association Redmond, WA | $226,847,033 | $37,597,342 |
Spokane United Methodist Homes Spokane, WA | $259,704,363 | $36,246,528 |