2025-06-17T13:01:57-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 911261904 EASTSIDE RETIREMENT ASSOCIATION EAST 4255568100 10901 176TH CIRCLE NE REDMOND WA 98052 DENISA FEDDERSEN VP OF FINANCE & CFO 4255568100 2025-06-13 1 0 KURT BENNION CPA P01469618 4252506100 2025-06-13 2024 2025-03-06 01:10:19Z EMERALD HEIGHTS AL CHAMBARD 10901 176TH CIRCLE NE REDMOND WA 98052 121562211 0 X WWW.EMERALDHEIGHTS.COM X 1992 WA EMERALD HEIGHTS IS A LIFE PLAN RETIREMENT COMMUNITY. 12 12 423 12 0 0 2207653 302382 38226783 45497991 6188496 9492573 718400 151996 47341332 55444942 1621848 1243672 0 0 15744234 17315442 0 0 0 18149271 21717063 35515353 40276177 11825979 15168765 351659108 367807951 252605278 252053017 99053830 115754934 X EMERALD HEIGHTS IS A NOT-FOR-PROFIT NON-DENOMINATIONAL LIFE PLAN RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF LIVING ACCOMMODATIONS, SUPPORTIVE SERVICES, AND HEALTH CARE FOR RESIDENTS 55 YEARS OF AGE AND OLDER. AS A LIFE PLAN RETIREMENT COMMUNITY ON THE EASTSIDE OF PUGET SOUND, THE ORGANIZATION OFFERS A WIDE RANGE OF QUALITY PROGRAMS, SERVICES AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL AND INTELLECTUAL NEEDS OF ITS RESIDENTS AND TO SERVE THE BROADER COMMUNITY. EMERALD HEIGHTS IS OPERATED TO FULFILL ITS MISSION OF SERVICE WHILE REMAINING TRUE TO ITS CORE VALUES OF INTEGRITY, STEWARDSHIP, EMPOWERMENT, FAITH, CHANGE AND CHOICE. THE ORGANIZATION IS OWNED AND OPERATED BY EASTSIDE RETIREMENT ASSOCIATION. THE ASSOCIATION'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL COMMUNITY MEMBERS, EMERALD HEIGHTS' RESIDENTS AND HERON'S KEY RESIDENT, ALL DEDICATED TO THE MISSION OF EMERALD HEIGHTS AND TO ENSURE IT CONTINUES TO MAINTAIN ITS HIGH STANDARDS OF EXCELLENCE AND REMAINS FINANCIALLY SOUND. 0 0 24259517 1243672 38875930 INDEPENDENT LIVING SENIOR HOUSING AND SERVICES: EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) PROVIDES SAFE AND SECURE SENIOR HOUSING AND SERVICES TO APPROXIMATELY 534 INDEPENDENT LIVING RESIDENTS IN THE ORGANIZATION'S 375 APARTMENTS. THE ORGANIZATION PROVIDES MANY SUPPORT SERVICES, INCLUDING MEAL SERVICES PROVIDED IN A CENTRAL DINING ROOM, FITNESS AND EXERCISE CLASSES, EQUIPMENT AND SWIMMING POOL, WELLNESS PROGRAMS, SOCIAL PROGRAMS, A WIDE VARIETY OF RESIDENT ACTIVITIES, BOTH ON SITE AND OTHER LOCATIONS, TRANSPORTATION TO MEDICAL APPOINTMENTS AND GROCERY STORES, BANKS, AND SPECIAL ACTIVITIES, SPIRITUAL SERVICES, CHAPEL AND AN ON-SITE CHAPLAIN. ALL RESIDENTS HAVE UNLIMITED ACCESS TO ASSISTED LIVING AND SKILLED NURSING HEALTH CARE.(CONTINUED IN SCHEDULE O)EMERALD HEIGHTS WAS FINANCED WITH BONDS ISSUED BY THE WASHINGTON STATE HOUSING FINANCE COMMISSION. THROUGH A SEPARATE REGULATORY AGREEMENT WITH THE WASHINGTON STATE HOUSING FINANCE COMMISSION, EMERALD HEIGHTS HAS SET ASIDE 25% OF ALL UNITS FOR LOWER-INCOME HOUSEHOLDS AS DEFINED BY THE COMMISSION. EMERALD HEIGHTS IS A TYPE A EXTENSIVE CONTRACT LIFE PLAN RETIREMENT COMMUNITY. AS A TYPE A FACILITY IN THE STATE OF WASHINGTON, NO RESIDENT OF EMERALD HEIGHTS MAY UTILIZE TAX-PAYER FUNDED PUBLIC ASSISTANCE PROGRAMS SUCH AS MEDICAID. EMERALD HEIGHTS PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO, FOR REASONS BEYOND THEIR CONTROL, BECOME UNABLE TO PAY THEIR MONTHLY SERVICE FEES.AS A NOT-FOR-PROFIT, MISSION-DRIVEN ORGANIZATION, REVENUES GENERATED IN EXCESS OF EXPENSES ARE INVESTED AND HELD AS RESERVES TO ENSURE ALL CURRENT AND FUTURE CONTRACTUAL OBLIGATIONS CAN BE FULLY MET, TO REPLACE FACILITY AND PROGRAM ASSETS AS NEEDED AND TO ALLOW PRUDENT EXPANSION OF THE MISSION. EMERALD HEIGHTS PROVIDES OPPORTUNITIES FOR RESIDENTS AND STAFF TO INTERACT WITHIN THE EMERALD HEIGHTS COMMUNITY, THE GREATER REDMOND COMMUNITY AND BEYOND BY ESTABLISHING JOINT RESIDENT/STAFF COMMITTEES, ESTABLISHING CLOSE TIES WITH COMMUNITY FACILITIES SUCH AS REDMOND HIGH SCHOOL, AND DEVELOPING COMMUNITY OUTREACH SERVICES AND PROGRAMS CONSISTENT WITH ITS MISSION. EMERALD HEIGHTS RECRUITS, DEVELOPS AND RETAINS COMPETENT AND CARING STAFF WHO SHARE THE ORGANIZATION'S PRINCIPLES, VALUES AND STANDARDS BY MAINTAINING OPEN COMMUNICATION AND STRESSING TEAM WORK THAT BUILDS UP THE SPIRIT OF COMMUNITY, AND DEVELOPING STANDARDS OF PERFORMANCE FOR EVALUATION BASED ON POSITION DESCRIPTIONS, AND PROVIDING FAIR, COMPETITIVE COMPENSATION AND BENEFITS. 7909481 0 4278097 SKILLED NURSING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 61 SKILLED NURSING BEDS THAT PROVIDE HOUSING, CARE AND NURSING SERVICES TO RESIDENTS THAT NEED THIS HIGHER LEVEL OF CARE. SERVICES IN THIS AREA MAY BE SHORT TERM TO PROVIDE NEEDED CARE TO REHABILITATE AFTER AN ILLNESS OR INJURY. THE SKILLED NURSING FACILITY ALSO PROVIDES LONG-TERM CUSTODIAL CARE FOR THOSE RESIDENTS NEEDING THIS HIGHER LEVEL OF HEALTH CARE. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF HEALTH CARE, SUPPORT SERVICES, SOCIAL AND PROGRAM ACTIVITIES ARE AVAILABLE TO ASSIST AND CARE FOR RESIDENTS. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT. 2093259 0 2343964 ASSISTED LIVING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 56 ASSISTED LIVING APARTMENTS THAT PROVIDE LONG-TERM HOUSING AND SERVICES TO RESIDENTS THAT NEED MORE CARE THAN INDEPENDENT LIVING RESIDENTS. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF SUPPORT SERVICES ARE AVAILABLE TO ASSIST WITH ACTIVITIES OF DAILY LIVING AND MEMORY CARE FOR THOSE RESIDENTS WITH DEMENTIA. SOCIAL AND PROGRAM ACTIVITIES ARE PROVIDED. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT. 34262257 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 72 0 423 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DENISA FEDDERSEN 4255568100 10901 176TH CIRCLE NE REDMOND WA 98052 DWIGHT WHITING CHAIR 2.00 4.00 X X 0 0 0 DAPHNE SCHNEIDER VICE CHAIR 1.00 2.00 X X 0 0 0 DANNA VANHORN SECRETARY 1.00 2.00 X X 0 0 0 DAVID HUDSON TREASURER 1.00 2.00 X X 0 0 0 KAREN COHOE DIRECTOR 1.00 2.00 X 0 0 0 ROBERT CRIST DIRECTOR 1.00 2.00 X 0 0 0 JILL GUERNSEY DIRECTOR 1.00 2.00 X 0 0 0 JEFF JONES DIRECTOR 1.00 2.00 X 0 0 0 GARY KING DIRECTOR 1.00 2.00 X 0 0 0 STEPHANIE MARSHALL DIRECTOR 1.00 2.00 X 0 0 0 DEWAYNE MCMULLIN DIRECTOR 1.00 2.00 X 0 0 0 JUDY RICHARDSON DIRECTOR 1.00 2.00 X 0 0 0 LISA HARDY PRESIDENT & CEO (THROUGH DEC 2024) 15.00 35.00 X 0 643917 51536 DIANA JAMISON CFO (THROUGH JANUARY 2024) 20.00 30.00 X 0 105944 1620 KAY WALLIN VP OF MARKETING PUBLIC RELATIONS (THROUGH JUNE 2024) 22.50 27.50 X 0 273962 22107 DENISA FEDDERSON CFO (AS OF JANUARY 2024) 15.00 35.00 X 0 291243 12893 AL CHAMBARD INTERIM CEO (AS OF NOVEMBER 2024) 15.00 35.00 X 0 79153 0 SANDRA COOK VP OF MARKETING & PUBLIC RELATIONS (AS OF JULY 2024) 22.50 27.50 X 0 96305 364 ELIZABETH AZCONA REGISTERED NURSE/RN 50.00 0.00 X 184683 0 21536 JOANNE O'NEILL CERTIFIED NURSING ASSISTANT 50.00 0.00 X 147199 0 13408 JAMILYNN BLOODWORTH HEALTH SERVICES ADMINISTRATOR 50.00 0.00 X 165186 0 6215 BERNADETTE KAMARI LICENSED PRACTICAL NURSE 50.00 0.00 X 132853 0 13289 CHRISTOPHER SWEDISH DIRECTOR OF FACILITIES 50.00 0.00 X 150655 0 223 780576 1490524 143191 15 0 1 0 GLY CONSTRUCTION INC PO BOX 6728 BELLEVUE WA 98008 CONSTRUCTION SERVICES 49099365 EMERALD COMMUNITIES 10901 176TH CIRCLE NE REDMOND WA 98052 MANAGEMENT SERVICES 2453927 ACG BUILDS INC 1900 AIRPORT WAY S SUITE 102 SEATTLE WA 98134 CONSTRUCTION SERVICES 1696313 ACCO ENGINEERED SYSTEMS PO BOX 847360 LOS ANGELES CA 90084 MECHANICAL SERVICES 1263752 RICE FERGUS MILLER INC 275 FIFTH STREET SUITE 100 BREMERTON WA 98337 ARCHITECTURAL SERVICES 553972 21 302382 302382 MONTHLY MAINTENANCE FE 623000 23013617 23013617 ENTRANCE FEES 623000 14346068 14346068 SKILLED NURSING SERVIC 623000 3162113 3162113 ASSISTED LIVING 623000 2722405 2722405 MEALS & OTHER SERVICES 623000 2253788 2253788 45497991 3150507 3150507 2224417 2224417 133917 0 133917 133917 133917 70234918 66114288 2981 4120630 -2981 4117649 4117649 MISCELLANEOUS INCOME 900099 18079 18079 18079 55444942 45497991 0 9644569 1243672 1243672 12885164 11683377 1201787 202688 176081 26607 3186280 2789113 397167 1041310 953427 87883 2453927 2453927 37543 37543 78968 78968 104880 104880 915200 594923 320277 484936 484936 1193096 816122 376974 311255 29219 282036 1804832 1803854 978 49446 44966 4480 76243 23671 52572 1928618 1928618 9218029 9218029 496870 412402 84468 FOOD 1942699 1924262 18437 HEALTH SERVICES 399431 399431 OTHER EXPENSES 181389 181389 BAD DEBT EXPENSE 39701 39701 40276177 34262257 6013920 0 6343777 6539427 13661471 34086220 1701424 563586 50057 85872 396655 619721 325153222 109255798 172198192 215897424 143481743 95851381 446702 443513 13379087 13720807 351659108 367807951 13025811 6927965 94096859 126729411 118508735 86397481 26756191 31612090 217682 386070 252605278 252053017 X 93529785 110080571 5524045 5674363 99053830 115754934 351659108 367807951 15168765 1532339 0 X X 0 1 X 1 0 X 1203131 249025 1141568 2207653 302382 5103759 34341068 33457601 36727831 38226783 45497991 188251274 35544199 33706626 37869399 40434436 45800373 193355033 0 0 0 193355033 2063035 1941144 2079635 3977021 5508841 15569676 2063035 1941144 2079635 3977021 5508841 15569676 13999 17530 12247 46630 18079 108485 37621233 35665300 39961281 44458087 51327293 209033194 0.92500 0.93450 0.07450 0.06500 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 438905 16884 455789 398456 40449 438905 445290 -46834 398456 427251 18039 445290 404009 23242 427251 0.38610 0.61390 0.00000 0 0 3187455 3187455 218756250 80226508 138529742 7553099 3836859 3716240 36693647 25192431 11501216 58962771 58962771 215897424 DUE TO RELATED ORGANIZATIONS 386070 386070 X 51117011 84617 356682 441299 50675712 104880 4664350 4769230 55444942 39090905 2981 2981 39087924 104880 1083373 1188253 40276177 PART IV, LINE 2B: THE ORGANIZATION HOLDS UNIT RESERVATION DEPOSITS FOR INDIVIDUALS WAITING TO ENTER RESIDENCY AT EMERALD HEIGHTS. RESIDENT FUNDS ARE HELD IN TRUST FOR THE CONVENIENCE OF RESIDENTS. RESIDENTS CAN ACCESS THEIR FUNDS UPON REQUEST. RESIDENT FUNDS ARE HELD IN A SEPARATE INTEREST-BEARING BANK ACCOUNT. PART V, LINE 4: THE ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED FOR THE PURPOSE OF SUBSIDIZING MONTHLY SERVICE FEES OF CONTRACT RESIDENTS WHOSE FUNDS HAVE DECREASED TO THE EXTENT THAT THEY ARE NO LONGER ABLE TO PAY THE ENTIRE MONTHLY SERVICE FEE. PART X, LINE 2: THE ASSOCIATION HAS BEEN GRANTED EXEMPTION FROM FEDERAL TAXES ON INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION FORMED TO ESTABLISH AND OPERATE A CHARITABLE, NONPROFIT HOME FOR THE AGING. THE ASSOCIATION FILES FEDERAL TAX RETURN FORM 990 WITH THE U.S. GOVERNMENT. THERE ARE TAX YEARS THAT MAY BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE; HOWEVER, MANAGEMENT HAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS WAS REQUIRED AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 353,701. LOSS ON DISPOSAL OF FIXED ASSETS 2,981. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED CHANGES IN VALUE OF INVESTMENTS AND ASSETS LIMITED AS TO USE 4,120,630. CONTRIBUTIONS WITH DONOR RESTRICTIONS 182,952. BAD DEBT EXPENSE 39,701. NET INVESTMENT GAIN ON BENEVOLENCE FUND 321,067. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 2,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: EQUITY CONTRIBUTION TO RELATED ORGANIZATION 1,043,672. BAD DEBT EXPENSE 39,701. 1 EMERALD COMMUNITIES 10901 176TH CIRCLE NE REDMOND WA 98052 204381745 501(C)(3) 1043672 0 GENERAL OPERATING SUPPORT EASTSIDE FRIENDS OF SENIORS 22818 SE 8TH STREET SAMMAMISH WA 98074 263624411 501(C)(3) 10000 0 HELP LOCAL OLDER ADULTS LIVE INDEPENDENTLY FOR AS LONG AS POSSIBLE THE EPISCOPAL CHURCH OF THE HOLY CROSS 11526 162ND AVENUE NE REDMOND WA 98052 576055489 501(C)(3) 10000 0 FOOD BANK FARM MEDIC ONE FOUNDATION 11747 NE 1ST STREET 310 BELLEVUE WA 98005 916183158 501(C)(3) 40000 0 HELP IMPROVE PRE-HOSPITAL EMERGENCY CARE NORTHWEST LGBT SENIOR CARE 825 NW 97TH STREET UNIT A SEATTLE WA 98117 465512200 10000 0 PROVIDE SUPPORT FOR LGBT SENIORS NORTHWEST PARKINSONS FOUNDATION 3010 77TH AVENUE SE SUITE 101 MERCER ISLAND WA 98040 911923159 501(C)(3) 20000 0 PROVIDE AWARENESS, EDUCATION, ADVOCACY, AND CARE FOR PARKINSON'S OLD FRIENDS CLUB 4315 129TH PLACE SE BELLEVUE WA 98006 474792158 501(C)(3) 10000 0 PROVIDE SUPPORT FOR THOSE IMPACTED BY DEMENTIA CONGREGATIONS FOR THE HOMELESS 13668 EASTGATE WAY SE BELLEVUE WA 98005 453932748 501(C)(3) 25000 0 PROVIDE SUPPORT TO END HOMELESSNESS ON THE EASTSIDE PRIDE ACROSS THE BRIDGE 8280 164TH AVENUE NE UNIT 122 REDMOND WA 98052 931751464 501(C)(3) 10000 0 PROVIDE SUPPORT FOR THE QUEER COMMUNITY ON THE EASTSIDE SOUND GENERATIONS 2208 SECOND AVENUE SUITE 100 SEATTLE WA 98101 910823767 501(C)(3) 20000 0 PROVIDE ACCESSIBLE, ESSENTIAL AND INCLUSIVE SERVICES THAT SUPPORT PEOPLE THROUGH THEIR LIFES JOURNEY THE SOPHIA WAY 11061 NE 2ND STREET SUITE 223 BELLEVUE WA 98004 454084539 501(C)(3) 25000 0 PROVIDE SUPPORT FOR WOMEN ON THEIR JOURNEY FROM HOMELESSNESS TO SAFE AND STABLE LIVING. VINE MAPLE PLACE 21730 DORRE DON WAY SE MAPLE VALLEY WA 98038 912082308 501(C)(3) 20000 0 PROVIDE SUPPORT TO END HOMELESSNESS IN SOUTH KING COUNTY 11 1 PART I, LINE 2: THE ORGANIZATION ENSURES THAT ALL GRANT RECIPIENTS ARE QUALIFIED TO RECEIVE CHARITABLE CONTRIBUTIONS. GRANT FUNDS ARE INTENDED FOR GENERAL OPERATING SUPPORT, SO NO FOLLOW-UP PROCEDURES ARE USED TO MONITOR THE SPECIFIC USES OF GRANTED FUNDS. X X X X 0 1 0 0 0 0 0 1 0 LISA HARDY PRESIDENT & CEO (THROUGH DEC 2024) 0 483015 0 99408 0 61494 0 22915 0 28621 0 695453 0 0 DENISA FEDDERSON CFO (AS OF JANUARY 2024) 0 262539 0 27750 0 954 0 6675 0 6218 0 304136 0 0 KAY WALLIN VP OF MARKETING PUBLIC RELATIONS (THROUGH JUNE 2024) 0 164993 0 33284 0 75685 0 13749 0 8358 0 296069 0 0 ELIZABETH AZCONA REGISTERED NURSE/RN 184406 0 0 0 277 0 9275 0 12261 0 206219 0 0 0 JAMILYNN BLOODWORTH HEALTH SERVICES ADMINISTRATOR 164954 0 0 0 232 0 0 0 6215 0 171401 0 0 0 JOANNE O'NEILL CERTIFIED NURSING ASSISTANT 146990 0 25 0 184 0 7357 0 6051 0 160607 0 0 0 CHRISTOPHER SWEDISH DIRECTOR OF FACILITIES 142800 0 7350 0 505 0 0 0 223 0 150878 0 0 0 PART I, LINE 4B EMERALD COMMUNITIES HAS A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EXECUTIVE EMPLOYEES. DURING 2024, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THEIR PLANS: LISA HARDY, PRESIDENT & CEO (THROUGH DECEMBER 2024), $22,995 DENISA FEDDERSEN, CFO (AS OF JANUARY 2024), $13,678 DURING 2024, THE FOLLOWING AMOUNTS WERE DISTRIBUTED OUT OF THEIR PLANS: AL CHAMBARD, INTERIM CEO (AS OF NOVEMBER 2024), $31,153 DIANA JAMISON, CFO (THROUGH JANUARY 2024), $23,128 PART I, LINE 7 CERTAIN NON-FIXED INCENTIVE PAYMENTS WERE PAID TO MANAGEMENT STAFF THAT RELATED TO PERFORMANCE MEASUREMENTS OTHER THAN REVENUES AND NET EARNINGS. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783Q74 2023-08-30 120190433 REFINANCE SERIES 2013 BONDS, REPAY LOAN, AND FUND CONSTRUCTION PROJECTS 0 0 0 A 32205000 120190433 857893 24139932 89121606 6071002 2023 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD AND ONE AT-LARGE BOARD MEMBER. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR (A) THE DEVELOPMENT AND PROPOSAL OF THE BOARD'S ANNUAL WORK PLAN FOR REVIEW AND ADOPTION BY THE BOARD, (B) THE REVIEW AND ACTION UPON ANY URGENT ISSUES AS MAY ARISE FOR THE BOARD BETWEEN THE REGULARLY SCHEDULED BOARD MEETINGS, EXCEPT AS MAY BE LIMITED BY THE BYLAWS, (C) THE REVIEW AND PREPARATION OF ANY ACTIONS OR POLICIES FOR CONSIDERATION BY THE BOARD AT ITS REGULARLY SCHEDULED MEETINGS, (D) THE CALL FOR A SPECIAL MEETING AND/OR ACTION OF THE BOARD AS MAY BE NEEDED, IN THE JUDGMENT OF THE EXECUTIVE COMMITTEE, BETWEEN REGULARLY SCHEDULED BOARD MEETINGS, (E) ANY APPROPRIATION OR EXPENDITURE OUTSIDE THE APPROVED OPERATIONS BUDGET NOT IN EXCESS OF 1% OF THE APPROVED OPERATING BUDGET FOR ANY FISCAL YEAR, SUBJECT TO REPORTING ANY SUCH APPROPRIATION OR EXPENDITURE TO THE BOARD MEETING NEXT FOLLOWING THE DECISION, AND (F) ANY SUCH MATTER OR MATTERS AS THE BOARD MAY FROM TIME TO TIME DEEM IT EXPEDIENT TO DELEGATE ITS AUTHORITY TO THE EXECUTIVE COMMITTEE. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT FOR THE BOARD IN ANY MATTER FOR WHICH THE BOARD HAS POWER TO ACT, EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO (A) AMEND, ALTER OR REPEAL THE BYLAWS; (B) ELECT, APPOINT OR REMOVE ANY MEMBER OF ANY COMMITTEE, ANY DIRECTOR OR OFFICER; (C) AMEND THE ARTICLES OF INCORPORATION; (D) ADOPT A PLAN OF MERGER OR CONSOLIDATION; (E) AUTHORIZE THE SALE, LEASE OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL THE ORGANIZATION'S PROPERTY AND ASSETS OUTSIDE OF THE ORDINARY COURSE OF BUSINESS; (F) AUTHORIZE THE ORGANIZATION'S VOLUNTARY DISSOLUTION OR REVOKE PROCEEDINGS THEREFOR; (G) ADOPT A PLAN FOR THE DISTRIBUTION OF THE ORGANIZATION'S ASSETS; OR (H) AMEND, ALTER OR REPEAL ANY RESOLUTION OF THE BOARD. ALL SUCH ACTS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD AT ITS NEXT REGULARLY SCHEDULED MEETING, EXCEPT WHERE A NON-WRITTEN REPORT MAY BE GIVEN IN AN EXECUTIVE SESSION OF THE BOARD DUE TO THE CONFIDENTIAL NATURE OF THE MATTER. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT SERVICES ARE PROVIDED BY EMERALD COMMUNITIES, THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED IN MAY 2024 TO CLARIFY DIRECTORS' VOTING RIGHTS ON COMMITTEES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF EMERALD HEIGHTS IS EMERALD COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY EMERALD COMMUNITIES, THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER, EMERALD COMMUNITIES HAS THE RIGHT TO VOTE ON (A) THE ADMISSION OF NEW MEMBERS, (B) THE ELECTION AND REMOVAL OF DIRECTORS AND FILLING ANY VACANCIES ON THE BOARD, (C) ANY FINANCINGS OF THE ORGANIZATION FOR AMOUNTS IN EXCESS OF $1,000,000, (D) THE DISPOSITION OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS, (E) ANY MERGER WITH ANOTHER ENTITY, (F) ANY ELECTION TO DISSOLVE THE ORGANIZATION AND (G) ANY AMENDMENT OF THE BYLAWS OR THE ARTICLES OF INCORPORATION. IN ADDITION, THE MEMBER HAS ALL RIGHTS AFFORDED MEMBERS UNDER THE WASHINGTON NONPROFIT CORPORATION ACT. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND CFO REVIEWED THE FORM 990 WITH THE CEO. ALL MEMBERS OF THE BOARD OF DIRECTORS RECEIVED A COPY OF THE FORM 990 FOR REVIEW AND INPUT BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS, COMMITTEE MEMBERS, AND EMPLOYEES DESIGNATED AS COVERED BY THE CEO. EVERY COVERED INDIVIDUAL IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. IF A BOARD OR COMMITTEE MEMBER HAS A POTENTIAL CONFLICT OF INTEREST RELATED TO A TRANSACTION, THE INDIVIDUAL DISCLOSES THE MATERIAL FACTS TO THE BOARD OR COMMITTEE MEMBERS. IF IT IS UNCLEAR WHETHER A BOARD OR COMMITTEE MEMBER OR THE CEO HAS A CONFLICT OF INTEREST, THE GOVERNANCE COMMITTEE OF THE BOARD MAKES THE DETERMINATION AND MAY EVALUATE ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT. AFTER DISCLOSING MATERIAL FACTS, THE INDIVIDUAL WITH THE CONFLICT RECUSES THEMSELF FROM ALL OTHER DISCUSSIONS AND VOTES ON THE MATTER. THE BOARD OR COMMITTEE MEMBERS WITHOUT CONFLICTS MAY VOTE ON WHETHER TO ENTER THE TRANSACTION. IF AN EMPLOYEE OTHER THAN THE CEO HAS A POTENTIAL CONFLICT OF INTEREST, THEY DISCLOSE THE MATERIAL FACTS TO THE CEO. IF IT'S UNCLEAR WHETHER A CONFLICT EXISTS, THE CEO MAKES THE DETERMINATION. THE CEO MAY WORK WITH THE BOARD'S GOVERNANCE COMMITTEE TO EVALUATE ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EMERALD COMMUNITIES EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT/CEO AND ESTABLISHING THE SALARY FOR THE POSITION. THESE INDEPENDENT BOARD MEMBERS CONSIDER COMPARABLE DATA FROM SURVEYS OR STUDIES AND APPROPRIATE INPUT FROM COMPENSATION PROFESSIONALS. THE RESULTS OF THESE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY SUBSTANTIATED. COMPENSATION REVIEWS ARE CONDUCTED ANNUALLY. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES INCLUDES OVERALL BUDGET COMPENSATION CRITERIA FOR THE ORGANIZATION THAT ARE APPROVED BY THE BOARD OF DIRECTORS. ALL EMPLOYEES OF THE ORGANIZATION RECEIVE ANNUAL PERFORMANCE EVALUATIONS WHICH ARE CONDUCTED AT THE SAME TIME AND BECOME A KEY FACTOR IN COMPENSATION DECISIONS. SALARY SURVEYS AND MARKET COMPENSATION INFORMATION IS ALSO CONSIDERED. THE PERFORMANCE EVALUATION AND COMPENSATION DETERMINATION INCLUDE REVIEW AND APPROVAL BY THE CEO AND DIRECTOR OF HUMAN RESOURCES. THE PERFORMANCE EVALUATIONS, COMPENSATION DECISIONS, COMPARABILITY DATA AND COMPARISONS TO APPROVED BUDGETS ARE DOCUMENTED AS PART OF THE PROCESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR SELECTING THE FINANCIAL STATEMENT AUDITOR AND FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE FISCAL YEAR. EMERALD COMMUNITIES 10901 176TH CIRCLE NE REDMOND WA 98052 204381745 PROVIDE MANAGEMENT SERVICES FOR RELATED ORGANIZATIONS WA 501(C)(3) LINE 12C, III-FI N/A 0 HERON'S KEY 10901 176TH CIRCLE NE REDMOND WA 98052 462710915 LIFE PLAN RETIREMENT COMMUNITY WA 501(C)(3) LINE 10 EMERALD COMMUNITIES 0 LUANA KAI A LIFE PLAN COMMUNITY 10901 176TH CIRCLE NE REDMOND WA 98052 862275800 LIFE PLAN RETIREMENT COMMUNITY HI 501(C)(3) LINE 10 EMERALD COMMUNITIES 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0