2025-10-14T09:51:32-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2024-01-01 910725802 HORIZON HOUSE HORI 2063823721 900 UNIVERSITY STREET SEATTLE WA 98101 CHRISTINE SEYMOUR CHIEF FINANCIAL OFFICER 2063823721 2025-10-11 1 1 EMINA O CRESSWELL P01217304 4252597227 2025-10-11 2024 2025-03-06 01:10:19Z ERICA THRASH-SALL 900 UNIVERSITY STREET SEATTLE WA 98101 52706877 0 X WWW.HORIZONHOUSE.ORG X 1960 WA PURPOSEFUL LIVING IN A DIVERSE COMMUNITY. USING THE POWER OF RESIDENT DRIVEN COMMUNITY TO ENHANCE WELLBEING. 10 10 240 10 234000 146950 744213 652424 34097804 35821232 2177328 6124436 1170292 1301827 38189637 43899919 548669 545768 0 0 16386344 16823627 0 0 259712 20814428 21681282 37749441 39050677 440196 4849242 234261169 252938858 182019756 195126745 52241413 57812113 X PURPOSEFUL LIVING IN A DIVERSE COMMUNITY. USING THE POWER OF RESIDENT DRIVEN COMMUNITY TO ENHANCE WELLBEING. 0 0 32128029 545768 36172860 HORIZON HOUSE HAS A LONG-STANDING COMMITMENT TO SOCIAL ACCOUNTABILITY. RESIDENTS, STAFF AND THE ENTIRE ORGANIZATION GIVE TIME AND FINANCIAL SUPPORT TO THOSE IN NEED. THIS SUPPORT IS OFFERED TO THOSE LIVING IN HORIZON HOUSE AND IN THE BROADER COMMUNITY. HORIZON HOUSE, A NOT-FOR-PROFIT RETIREMENT COMMUNITY WAS FOUNDED IN 1961, BECOMING THE FIRST RETIREMENT COMMUNITY IN DOWNTOWN SEATTLE. FOUNDING MEMBERS WERE CIVIC LEADERS AND MEMBERS OF THE UNITED CHURCH OF CHRIST WHO ESTABLISHED A COMMITMENT TO SOCIAL JUSTICE, COMMUNITY OUTREACH AND SOCIAL ACCOUNTABILITY WHICH CONTINUES TO THIS DAY. HORIZON HOUSE IS A CONTINUING CARE RETIREMENT COMMUNITY WITH 377 INDEPENDENT LIVING APARTMENTS AND 90 ASSISTED LIVING HEALTH CARE APARTMENTS. THERE ARE APPROXIMATELY 480 RESIDENTS AT HORIZON HOUSE AND A STAFF OF 201. COMPREHENSIVE HEALTH SERVICES INCLUDE WELLNESS/EXERCISE, REHABILITATION THERAPY, HOME CARE, AND ASSISTED AND NURSING CARE IN ADDITION TO EDUCATIONAL CLASSES AND MANY SOCIAL AND CULTURAL EVENTS.HORIZON HOUSE IS GOVERNED BY A 10 TO 15-MEMBER BOARD OF TRUSTEES WHO SERVES WITHOUT COMPENSATION. THE BOARD IS COMPRISED OF MEN AND WOMEN WITH PROFESSIONAL EXPERTISE IN THE LEADERSHIP AND OPERATIONAL AREAS OF HORIZON HOUSE. A THREE-MEMBER EXECUTIVE TEAM IS RESPONSIBLE FOR THE ADMINISTRATIVE LEADERSHIP OF HORIZON HOUSE.EXAMPLES OF COMMUNITY OUTREACH AND SOCIAL ACCOUNTABILITYSOME HIGHLIGHTS FROM 2024 INCLUDE:- CHARITABLE CARE FOR RESIDENTS UNABLE TO PAY IN THE AMOUNT OF $471,440 ENABLING THEM TO REMAIN AT HORIZON HOUSE AND ELIMINATING THE NEED FOR GOVERNMENT ASSISTANCE AND SUBSIDIES. DISTRIBUTION OF $4,038 TO EMPLOYEES IN NEED OF ASSISTANCE. THESE DISTRIBUTIONS ARE FUNDED BY OUR GENEROUS DONORS CONSISTING OF RESIDENTS, FAMILIES, VENDORS, AND STAFF.- DONATIONS TO COMMUNITY NOT-FOR-PROFIT GROUPS IN HONOR OF DECEASED HORIZON HOUSE RESIDENTS FOR A TOTAL OF $950.- HORIZON HOUSE IS A MEMBER OF VARIOUS NON-PROFIT ASSOCIATIONS INCLUDING THE COUNCIL OF HEALTH & HUMAN SERVICES MINISTRIES OF THE UNITED CHURCH OF CHRIST, LEADINGAGE, FIRST HILL IMPROVEMENT ASSOCIATION, AND THE JIM ELLIS FREEWAY PARK ASSOCIATION. A COMMUNITY GRANTS PROGRAM PROVIDES FUNDING TO ORGANIZATIONS THAT SUPPORT PROGRAMS AND SERVICES TO OLDER ADULTS - GRANTS AND DONATIONS FOR THEIR CHARITABLE WORK IN THE BROADER COMMUNITY IN THE TOTAL AMOUNT OF $50,000.- VOLUNTEER HOURS DONATED BY HORIZON HOUSE RESIDENTS TO COMMUNITY NON-PROFIT INCLUDE SEWING & KNITTING FOR HARBORVIEW AND PLYMOUTH HOUSING AND FRIENDS OF THE LIBRARY BOOK CART. DUE TO COVID-19 AND SAFETY FOR OUR RESIDENTS MANY VOLUNTEERING SERVICES WERE CANCELLED.2024 TOTAL DONATED DOLLARS:$ 475,478 IN CHARITABLE DOLLARS (RESIDENT CARE AND EMPLOYEE ASSISTANCE)$ 50,950 (COMMUNITY GRANTS TO ORGANIZATIONS, MEMORIAL GIFTS)$ 526,428 TOTAL DONATED DOLLARS 32128029 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 71 0 1 240 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X CHRISTINE SEYMOUR 2063823721 900 UNIVERSITY STREET SEATTLE WA 98101 ALEXANDRA TIBBETTS PRESIDENT 5.00 X X 0 0 0 MARCIA ALMQUIST VICE PRESIDENT 3.00 X X 0 0 0 ROBERT GEORGE TREASURER 1.00 X X 0 0 0 GARY SOUTHERTON SECRETARY 1.00 X X 0 0 0 MICHEAL MECHAM TRUSTEE 1.00 X 0 0 0 RONNIE BUDGE TRUSTEE 1.00 X 0 0 0 GEORGE COUNTS TRUSTEE 1.00 X 0 0 0 YUKIO MORIKUBO TRUSTEE 1.00 X 0 0 0 HAROLD ZEITZ TRUSTEE 1.00 X 0 0 0 JAMES YEARBY TRUSTEE 1.00 X 0 0 0 DIANNA NELSON TRUSTEE (THRU 12/24) 1.00 X 0 0 0 JANELL TURNER TRUSTEE (THRU 12/24) 1.00 X 0 0 0 ERICA THRASH-SALL CEO 50.00 X 406648 0 17734 CHRISTINE SEYMOUR CFO 50.00 X 276938 0 29424 LAURI WARFIELD-LARSON COO 50.00 X 270962 0 35002 DAVID ELI LEMANSKI DIRECTOR OF CONSTRUCTION 50.00 X 202635 0 22027 BRIAN LEVITT THROUGH 9624 DIRECTOR OF INNOVATION & TECHNOLOGY 50.00 X 177993 0 9776 BRENDA THOMPSON DIRECTOR OF HUMAN RESOURCES 50.00 X 174468 0 15760 SENAN BAINI DIRECTOR OF RESIDENT CARE 50.00 X 152736 0 17484 JOAN HUDSON DIRECTOR OF MARKETING & COMMUNICATIONS 50.00 X 150523 0 9378 1812903 0 156585 30 0 1 0 ANDERSEN CONSTRUCTION OF WA LLC 6712 N CUTTER CIRCLE PORTLAND OR 97217 GENERAL CONTRACTOR 7090448 ABBOTT CONSTRUCTION 3408 1ST AVE SOUTH SEATTLE WA 98134 GENERAL CONTRACTOR 4297373 MORRISON MANAGEMENT SPECIALISTS 400 NORTHRIDGE ROAD SUITE 600 SANDY SPRINGS GA 30350 FOOD SERVICE MANAGEMENT 2520644 TWB ENTERPRISES 201 16TH STREET SW AUBURN WA 98002 GENERAL CONTRACTOR 1989899 CHOICE RENOVATIONS LLC 10212 36TH STREET E SUITE A EDGEWOOD WA 98372 GENERAL CONTRACTOR 1124821 14 652424 84504 652424 RESIDENCE FEES 623990 18658804 18658804 ENTRANCE FEES 623990 9700913 9700913 HEALTH CARE PROGRAM 623990 5212118 5212118 DIETARY 722320 1939652 1939652 OTHER ANCILLARY SERVICES 900099 309745 309745 35821232 3071734 3071734 11859660 8484968 321990 3374692 -321990 3052702 3052702 RENTAL SERVICES 812900 804220 351628 234000 218592 OTHER RESIDENT SERVICE REVENUE 900099 423284 423284 GROUP RETRO PROGRAM REFUND 900099 53617 53617 20706 20706 1301827 43899919 36172860 234000 6840635 70290 70290 475478 475478 1036708 222620 798770 15318 12862461 10396559 2333945 131957 391851 321464 62319 8068 1207446 1110146 92830 4470 1325161 1101771 211502 11888 708205 708205 328469 328469 162015 162015 152772 152772 1878264 1447108 420100 11056 1044637 1432 1039592 3613 1141123 790804 340834 9485 520454 100380 420074 2041280 2028012 5307 7961 74024 65576 8448 139098 57375 81323 400 1976354 1948601 11101 16652 9137326 9077933 23757 35636 822460 817114 2138 3208 FOOD COSTS 1207310 1207310 OTHER TAXES 135260 135260 BOND EXPENSE 135195 135195 UBI TAX 32380 32380 44656 44656 39050677 32128029 6662936 259712 2001151 1901728 8617702 12647808 2248060 951267 44738 42217 745591 763523 264606110 115656093 131975461 148950017 87873258 87073607 755208 608691 234261169 252938858 9581719 7838562 80646133 84043519 91051318 102807078 232941 70816 507645 366770 182019756 195126745 X 22242073 24890705 29999340 32921408 52241413 57812113 234261169 252938858 X 4849242 718922 2536 X 0 1 X 1 0 X 3486095 2137712 2466427 744213 652424 9486871 31033027 32031616 32039518 34097804 35821232 165023197 34519122 34169328 34505945 34842017 36473656 174510068 19450 28450 49150 30900 56360 184310 0 19450 28450 49150 30900 56360 184310 174325758 1862190 3369542 2231985 2815420 3071734 13350871 121064 153626 143020 137485 146950 702145 1983254 3523168 2375005 2952905 3218684 14053016 93090 59597 975206 945652 1067827 3141372 36595466 37752093 37856156 38740574 40760167 191704456 0.90930 0.91810 0.07330 0.07270 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROUP RETRO REFUND - 2020 AMOUNT: $ 80,990. 2021 AMOUNT: $ 45,481. 2022 AMOUNT: $ 77,460. 2023 AMOUNT: $ 30,545. 2024 AMOUNT: $ 53,617. FORFEITED DEPOSITS - 2020 AMOUNT: $ 12,100. 2021 AMOUNT: $ 14,116. 2022 AMOUNT: $ 27,492. 2023 AMOUNT: $ 20,950. 2024 AMOUNT: $ 20,706. RENTAL SERVICES - 2022 AMOUNT: $ 585,814. 2023 AMOUNT: $ 560,026. 2024 AMOUNT: $ 570,220. OTHER RESIDENT SERVICE REVENUE - 2022 AMOUNT: $ 284,440. 2023 AMOUNT: $ 334,131. 2024 AMOUNT: $ 423,284. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74000 136311 X X 0 0 1 X 28163189 638176 3164853 1099688 53567 30812963 24232923 734401 4267998 1018990 53143 28163189 27629883 2292826 -4658428 984761 46597 24232923 24671387 581516 3295266 918286 27629883 21778151 475422 2966760 514455 34491 24671387 0.00000 1.00000 0.00000 0 0 1797620 1797620 211312095 102590095 108722000 17178385 13065998 4112387 34318010 34318010 148950017 ASSET RETIREMENT OBLIGATION 119348 LONG TERM CARE INSURANCE INDEMNIFICATION 52303 LEASE LIABILITY 195119 366770 44096370 718922 2536 721458 43374912 53567 471440 525007 43899919 38525670 0 38525670 53567 471440 525007 39050677 PART III, LINE 4: VARIOUS WORKS OF ART ARE DISPLAYED PUBLICLY FOR RESIDENT AND GUEST ENJOYMENT. PART IV, LINE 2B: RESIDENTS HAVE FUNDS ON DEPOSIT WITH HORIZON HOUSE FOR PAYMENT OF MONTHLY FEES. THE DEPOSIT WAS FUNDED BY THE RESIDENT'S FAMILY. PART V, LINE 4: THE ENDOWMENT FUND IS BROKEN DOWN INTO TWO FUNDS, BASED ON DONOR INTENT. THE TWO AREAS OF USE ARE THE RESIDENT ASSISTANCE FUND AND THE AREA OF GREATEST NEED FUND. THE RESIDENT ASSISTANCE FUND IS USED TO SUPPORT RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES, BUT CONTINUE TO LIVE AT HORIZON HOUSE. THE AREA OF GREATNESS NEED FUND IS USED TO SUPPORT STAFF SCHOLARSHIPS, INTERNAL ENRICHMENT GRANTS AND OTHER AREAS AS IDENTIFIED BY THE BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE GIFT ANNUITIES 2,536. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDENT GRANTS 471,440. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT GRANTS 471,440. 1 RESIDENT ASSISTANCE 7 471440 FMV CREDIT TO MONTHLY STATEMENTS; DIRECT PAYMENTS TO PHARMACY AND HOME CARE AGENCY EMERGENCY GRANTS 6 4038 FMV DIRECT PAYMENT TO EMPLOYEES FOR REIMBURSEMENT FOR EMERGENCY EXPENSES. PART I, LINE 2: HORIZON HOUSE PROVIDES GRANT FUNDS TO RESIDENTS, EMPLOYEES AND OTHER ORGANIZATIONS. RESIDENTS MAY APPLY FOR GRANTS ONLY ONCE THEY HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. EMPLOYEES MAY APPLY FOR EDUCATIONAL ASSISTANCE WITH PROOF OF ENROLLMENT, AND THESE GRANTS ARE APPROVED BY THE HUMAN RESOURCES DIRECTOR. LARGE GRANTS TO OTHER ORGANIZATIONS ARE APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE COMMUNITY RELATIONS BUDGET. SMALLER GRANTS ARE GIVEN TO OTHER ORGANIZATIONS IN MEMORY OF DECEASED RESIDENTS. X X X X X 0 0 0 0 0 0 0 1 0 ERICA THRASH-SALL CEO 369906 0 36742 0 0 0 9249 0 8485 0 424382 0 0 0 CHRISTINE SEYMOUR CFO 228428 0 48510 0 0 0 13405 0 16019 0 306362 0 0 0 LAURI WARFIELD-LARSON COO 215995 0 54967 0 0 0 14048 0 20954 0 305964 0 0 0 DAVID ELI LEMANSKI DIRECTOR OF CONSTRUCTION 176525 0 26110 0 0 0 12311 0 9716 0 224662 0 0 0 BRENDA THOMPSON DIRECTOR OF HUMAN RESOURCES 165970 0 8498 0 0 0 7466 0 8294 0 190228 0 0 0 BRIAN LEVITT THROUGH 9624 DIRECTOR OF INNOVATION & TECHNOLOGY 152993 0 25000 0 0 0 9518 0 258 0 187769 0 0 0 SENAN BAINI DIRECTOR OF RESIDENT CARE 149992 0 2744 0 0 0 9220 0 8264 0 170220 0 0 0 JOAN HUDSON DIRECTOR OF MARKETING & COMMUNICATIO 137523 0 13000 0 0 0 8954 0 424 0 159901 0 0 0 PART I, LINE 7 DIRECTOR BONUSES ARE DETERMINED ANNUALLY BY THE CEO AND ARE BASED ON MEETING KEY PERFORMANCE INDICATORS. THE CEO'S BONUS IS DETERMINED ANNUALLY BY THE BOARD. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783VX1 2017-12-28 82564395 REDEEM 2014A AND 2014B ISSUANCE AND PROCEEDS FOR PROJECTS 0 0 0 B WASHINGTON STATE HOUSING COMMISSION 911874730 2022-12-01 40000000 MASTER PLAN CONSTRUCTION PROJECT 0 0 0 A 7650000 83359141 1343750 11693456 70321935 2020 1 0 1 1 B 40000000 650000 28666854 10683146 0 0 0 0 A 0 1 1 1 0 0.01240 0.01940 0.03180 0 0 1 B 0 1 1 1 0 0.01240 0.01940 0.03180 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 PART II, LINE 3: THE AMOUNT REPORTED ON LINE 3 INCLUDES THE FOLLOWING AMOUNT OF NET PROCEEDS AND REALIZED GAINS/LOSSES: 2017: $(547,686) 2018: $544,412 2019: $885,843 2020: $(262,080) 2021: $(30,186) 2022: $21,922 2023: $89,731 2024: $92,790 TOTAL PROCEEDS, GAINS, AND LOSSES INCLUDED ON PART II, LINE 3: $794,746 ISSUE PRICE: $82,564,395 X 3 74000 APPRAISAL X 1 10504 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE PACIFIC NORTHWEST CONFERENCE OF THE UNITED CHURCH OF CHRIST AND THE BOARD OF DIRECTORS OF THE HORIZON HOUSE RESIDENT COUNCIL APPOINTS 1 MEMBER EACH OF THE HORIZON HOUSE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS PROVIDED BY HORIZON HOUSE TO THE ORGANIZATION'S EXTERNAL CPAS TO PREPARE THE FORM 990. MANAGEMENT REVIEWS AND RECOMMENDS FILING OF THE RETURN TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 ON BEHALF OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES RECEIVES A COPY OF THE FORM 990 WITH SCHEDULE B CONTRIBUTORS' NAMES REDACTED PRIOR TO FILING WITH THE IRS. THE LIST OF NAMES ARE REDACTED AS SOME CONTRIBUTORS WISH TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST AND CODE OF CONDUCT DECLARATION. THE CONFLICT OF INTEREST POLICY STATES "ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER MUST BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD, EITHER THROUGH THE COMPLETION OF AN ANNUAL STATEMENT OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. ANY GOVERNING BOARD MEMBER HAVING A DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHOULD NOT VOTE OR USE HIS OR HER INFLUENCE ON THE MATTER, AND SUCH BOARD MEMBER SHOULD NOT BE COUNTED IN DETERMINING A QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING SHOULD REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTION OF VOTING AND THE QUORUM SITUATION." FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF OFFICERS IS DETERMINED THROUGH A STRUCTURED PROCESS. PERIODICALLY, AN INDEPENDENT COMPENSATION CONSULTANT IS RETAINED TO REVIEW AND EVALUATE CEO COMPENSATION. THE CONSULTANT COMPILES AND ANALYZES TOTAL COMPENSATION DATA FOR EXECUTIVE DIRECTORS AND CEO'S OF LOCAL CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) AND OTHER ORGANIZATIONS COMPARABLE IN SIZE AND REVENUE. BASED ON THIS ANALYSIS, THE CONSULTANT PROVIDES A RECOMMENDATION TO THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION PACKAGE. COMPENSATION FOR THE CHIEF FINANCIAL OFFICER (CFO) AND CHIEF OPERATING OFFICER (COO) IS BENCHMARKED WITH COMPARABLE POSITIONS IN THE LOCAL MARKET ON AN ANNUAL BASIS BY THE CEO, WHO MAKES THE RECOMMENDATION TO THE BOARD FOR APPROVAL. IF THERE IS NO JUSTIFIABLE RECOMMENDATION FOR A BASE SALARY ADJUSTMENT, THE CEO, CFO, AND COO'S BASE SALARY INCREASE IS ALIGNED WITH THE ORGANIZATION'S ANNUAL COST-OF-LIVING ADJUSTMENT. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND 990-T ARE AVAILABLE TO RESIDENTS AND THE GENERAL PUBLIC IN THE ORGANIZATION'S LIBRARY OR BY REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO RESIDENTS IN THE ORGANIZATION'S LIBRARY OR BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE GIFT ANNUITIES 2,536.