2024-08-14T14:02:27-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-10-01 320672552 TRANSFORMING AGE TRAN 4255596301 1980 112TH AVENUE 210 BELLEVUE WA 98004 MICHAEL CONNELL TREASURER & CFO 4255596301 2024-08-13 1 1 KURT BENNION CPA P01469618 4252506100 2024-08-08 2022 2024-08-08 14:25:15Z TORSTEN HIRCHE 1980 112TH AVENUE 210 BELLEVUE WA 98004 13119001 0 X N/A X 2019 WA PROVIDE SUPPORT TO SUBSIDIARY ORGANIZATIONS. 10 9 0 10 0 0 0 0 0 10270220 0 44990 0 197824 0 10513034 0 59453722 0 0 0 10700379 0 0 0 0 45617442 0 115771543 0 -105258509 0 -103544076 0 871600 0 -104415676 X TO DEVELOP AND PROVIDE STRATEGIC DIRECTION TO, MANAGE THE EMPLOYEES OF, AND OTHERWISE ENGAGE IN ACTIVITIES TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST ("PRCN") AND THOSE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) THAT ARE RELATED TO PRCN THROUGH COMMON CONTROL. 0 0 115771543 59453722 10270220 DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, TRANSFORMING AGE BEGAN PROVIDING SUPPORT SERVICES TO 501(C)(3) SUBSIDIARY ORGANIZATIONS, INCLUDING PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST, GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON (DBA: GARDENS AT JUANITA BAY), VASHON ISLAND COMMUNITY CARE, CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT TOWERS), FRED LIND MANOR, FULL LIFE CARE, DOWNTOWN ACTION TO SAVE HOUSING (DBA: DASH), SENIOR HOUSING ASSISTANCE GROUP (DBA: SHAG), SHAG COMMUNITY LIFE FOUNDATION AND NORSE HOME. 115771543 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X JACOB ANDERSON 4255596301 1980 112TH AVENUE 210 BELLEVUE WA 98004 X TORSTEN HIRCHE PRESIDENT & CEO 29.00 11.00 X X 0 944982 27682 MICHAEL CONNELL TREASURER & CFO 29.00 11.00 X 0 531886 20998 MICHELLE LUKE SECRETARY 29.00 11.00 X 0 100350 5100 SCOTT LUMSDEN CHAIR & DIRECTOR 0.50 1.20 X X 0 0 0 MARY WAGNER VICE CHAIR & CHAIR 0.50 1.20 X X 0 0 0 JESSE BOND DIRECTOR & VICE CHAIR 0.50 1.20 X X 0 0 0 BARB BENNETT DIRECTOR 0.50 1.20 X 0 0 0 CATHY DANIGELIS DIRECTOR 0.50 1.20 X 0 0 0 JOHN IWANSKI DIRECTOR (THROUGH OCTOBER 2022) 0.50 1.20 X 0 0 0 JIM MELHORN DIRECTOR 0.50 1.20 X 0 0 0 KARIN MILLER DIRECTOR 0.50 1.20 X 0 0 0 LISA NELSON DIRECTOR 0.50 1.20 X 0 0 0 GREG RUSSELL DIRECTOR 0.50 1.20 X 0 0 0 0 1577218 53780 0 0 1 0 0 MANAGEMENT FEES 561000 8165057 8165057 DEVELOPMENT FEES 561000 2105163 2105163 10270220 117455 117455 97646 0 97646 97646 97646 2533502 2605967 -72465 -72465 -72465 MISCELLANEOUS INCOME 900099 100178 100178 100178 10513034 10270220 0 242814 59453722 59453722 1409684 1409684 8109392 8109392 253067 253067 198671 198671 729565 729565 253139 253139 108680 108680 21880 21880 1113265 1113265 647 647 810440 810440 109949 109949 341775 341775 109075 109075 94689 94689 SUBSIDIARY EQUITY LOSSE 41579385 41579385 EMPLOYEE EXPENSES 475313 475313 MISCELLANEOUS EXPENSES 267598 267598 SALES TAXES 189189 189189 142418 142418 115771543 115771543 0 0 707921 4125676 4876498 6972 114414 671553 109075 0 562478 5042287 -128098622 0 9118300 0 -103544076 620447 251153 0 871600 X -104415676 0 -104415676 0 -103544076 -105258509 842833 0 X 0 1 X 1 0 X X X 10 PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST 910666887 10 1 95229221 0 GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON 910630507 10 0 0 0 VASHON ISLAND COMMUNITY CARE 911703092 10 0 691315 0 CHRISTIAN RETIREMENT HOMES 476041813 10 0 7122034 0 FRED LIND MANOR 910579225 10 0 2838902 0 FULL LIFE CARE 911095588 7 0 5600539 0 DOWNTOWN ACTION TO SAVE HOUSING 943155152 10 0 2302076 0 SENIOR HOUSING ASSISTANCE GROUP 943063455 10 0 0 0 SHAG COMMUNITY LIFE FOUNDATION 460779043 10 0 409293 0 NORSE HOME 910667588 10 0 1578164 0 10 115771544 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, LINE 1: THE ORGANIZATION'S ARTICLES OF INCORPORATION STATE THAT TRANSFORMING AGE'S PURPOSE IS "TO DEVELOP AND PROVIDE STRATEGIC DIRECTION TO, MANAGE THE OFFICERS AND EMPLOYEES OF, AND OTHERWISE ENGAGE IN ACTIVITIES TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST ("PRCN")... AND THOSE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE THAT ARE RELATED TO PRCN THROUGH COMMON CONTROL." THE ORGANIZATIONS LISTED IN PART I, LINE 12G ARE ALL CONTROLLED BY PRCN THROUGH OVERLAPPING BOARD MEMBERS AND/OR POWER TO APPOINT THE ORGANIZATION'S BOARD MEMBERS. 345195 93896 251299 74688 15179 59509 251670 251670 562478 DUE FROM RELATED ORGANIZATIONS 9118300 9118300 X PART X, LINE 2: TRANSFORMING AGE HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE (IRS) THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WERE NO TAXES PAID ON UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPETEMBER 30, 2023 AND 2022. 1 VASHON ISLAND COMMUNITY CARE 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 911703092 501(C)(3) 521638 0 GENERAL OPERATING SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 910666887 501(C)(3) 58932084 0 GENERAL OPERATING SUPPORT 2 0 PART I, LINE 2: GRANTS TO RELATED ORGANIZATIONS ARE MONITORED THROUGH DISCUSSION AND OBSERVATION WITH THE GRANTEE ORGANIZATION. 0 0 0 0 0 0 0 0 0 TORSTEN HIRCHE PRESIDENT & CEO 0 746157 0 198825 0 0 0 12000 0 15682 0 972664 0 0 MICHAEL CONNELL TREASURER & CFO 0 531886 0 0 0 0 0 12000 0 8998 0 552884 0 0 PART I, LINE 3 THE FOLLOWING WERE USED BY PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 ALL MANAGEMENT FUNCTIONS ARE PROVIDED BY EMPLOYEES OF PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM WAS REVIEWED BY THE CONTROLLER AND THE CFO. IT WAS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES. ANNUALLY, A CONFLICT OF INTEREST FORM IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND OFFICERS. THE PRESIDENT & CEO REVIEWS THE COMPLETED FORMS AND IDENTIFIES WHETHER ANY CONFLICTS EXIST. ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST OF ANY GOVERNING BOARD MEMBER OR OFFICER IS DISCLOSED TO THE OTHER BOARD MEMBERS OR HIGHEST LEVEL OF MANAGEMENT (PRESIDENT & CEO) AND MADE A MATTER OF RECORD AT THE SOONEST POSSIBLE TIME. ANY GOVERNING BOARD MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST MAY NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, AND IS NOT COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING REFLECT THAT DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING, AND THE QUORUM. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEY TO ANNUALLY DETERMINE THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR CONDUCTING THE REVIEW OF OTHER OFFICERS' COMPENSATION. COMPENSATION WAS LAST REVIEWED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE OFFICERS THAT HAVE COMPENSATION PRESENTED IN PART VII, SECTION A OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO TRANSFORMING AGE AND ITS RELATED AND SUPPORTED AFFILIATES. THE ENTIRE TRANSFORMING AGE SYSTEM SERVES APPROXIMATELY 14,000 PEOPLE IN SENIOR AND AFFORDABLE HOUSING AND COMMUNITY-BASED SERVICES, EMPLOYS 2,100 EMPLOYEES, GENERATES $155 MILLION IN TOTAL ANNUAL REVENUE AND HAS $718 MILLION IN TOTAL ASSETS. PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 910666887 SENIOR LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 1 PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOUNDATION 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 911586491 BENEFIT RESIDENTS AND EMPLOYEES OF PRCN WA 501(C)(3) LINE 12A, I TRANSFORMING AGE 1 FRED LIND MANOR 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 910579225 PROVIDE SENIOR SERVICES WA 501(C)(3) LINE 10 TRANSFORMING AGE 1 VASHON ISLAND COMMUNITY CARE 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 911703092 SENIOR LIVING WA 501(C)(3) LINE 10 PRESBYTERIAN RETIREMENT COMMUNITIES NW 0 FULL LIFE CARE 800 JEFFERSON STREET SUITE 620 SEATTLE WA 98114 911095588 SERVICES FOR THE ELDERLY WA 501(C)(3) LINE 7 TRANSFORMING AGE 1 CHRISTIAN RETIREMENT HOMES 6315 O STREET LINCOLN NE 68510 476041813 SENIOR LIVING NE 501(C)(3) LINE 10 TRANSFORMING AGE 1 EASTMONT TOWERS FOUNDATION 6315 O STREET LINCOLN NE 68510 911767080 BENEFIT RESIDENTS AND EMPLOYEES OF CHRISTIAN RETIREMENT HOMES NE 501(C)(3) LINE 10 TRANSFORMING AGE 1 DOWNTOWN ACTION TO SAVE HOUSING 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 943155152 HOUSING WA 501(C)(3) LINE 7 TRANSFORMING AGE 1 GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON 11853 97TH AVENUE NE KIRKLAND WA 98034 910630507 SENIOR LIVING WA 501(C)(3) LINE 7 TRANSFORMING AGE 1 NORSE HOME 5311 PHINNEY AVENUE N SEATTLE WA 98103 910667588 ASSISTED LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 1 SENIOR HOUSING ASSISTANCE GROUP 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 943063455 SENIOR LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 1 SHAG COMMUNITY LIFE FOUNDATION 1980 112TH AVENUE SUITE 210 BELLEVUE WA 98004 460779043 AFFORDABLE SENIOR LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 1 TRANSFORMING AGE VENTURES INC 715 NINTH AVENUE SUITE 400 SEATTLE WA 98104 471755666 FOR-PROFIT VENTURES AND ACTIVITIES WA N/A C 0 SENIOR HOUSING ASSISTANCE CORPORATION 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911923742 LOW-INCOME HOUSING WA N/A C 0 1 1 0 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 0 TRANSFORMING AGE VENTURES INC Q 226986 CASH PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST B 58932084 CASH PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST D 4000000 CONTRACT FULL LIFE CARE D 3637117 CONTRACT NORSE HOME D 390000 CONTRACT TRANSFORMING AGE VENTURES INC D 521563 CONTRACT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST J 444071 CONTRACT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST L 16352395 COST FULL LIFE CARE L 811976 COST FRED LIND MANOR L 487116 COST CHRISTIAN RETIREMENT HOMES L 4614250 COST SHAG COMMUNITY LIFE FOUNDATION L 59340 COST NORSE HOME L 577767 COST DOWNTOWN ACTION TO SAVE HOUSING L 333759 COST GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON L 763515 COST TRANSFORMING AGE VENTURES INC L 383700 COST FULL LIFE CARE R 203273 CASH