Lincoln Hill Retirement Community
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 45
- Location
- Stanwood, WA
- Founding
- 11/1998
- Data as of
- 03/2024
- EIN
- 23-7253336
Organization Overview
Lincoln Hill Retirement Community is located in Stanwood, WA. The organization was established in 1998. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 03/2024, Lincoln Hill Retirement Community employed 45 individuals. This organization is the central organization for a national or regional group of organizations. Lincoln Hill Retirement Community 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 03/2024, Lincoln Hill Retirement Community generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.9m during the year ending 03/2024. While expenses have increased by 10.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CENTER IS TO EMBRACE, ENHANCE AND ENRICH, SENIORS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL, RECREATIONAL, AND EDUCATIONAL PROGRAMS SERVING SENIOR CITIZENS IN SNOHOMISH COUNTY
TO PROVIDE AGING IN PLACE SERVICES
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME SENIOR CITIZENS
TO PROVIDE MEDICALLY NECESSARY NON-EMERGENCY TRANSPORTATION SERVICES FOR THE SNOHOMISH COUNTY AREA TO ELIGIBLE INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Sanford Director | Trustee | 1 | $0 |
Robin Southward Vice President | OfficerTrustee | 2 | $0 |
Darlene Campbell Secy/treas | OfficerTrustee | 2 | $0 |
Laura Ruelas Director | Trustee | 1 | $0 |
Brandon Burr President | OfficerTrustee | 2 | $0 |
Margaret Lunnum Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,463 |
| Related organizations | $0 |
| Government grants | $282,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,625 |
| Total Program Service Revenue | $1,578,563 |
| Investment income | $4,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,007,094 |
| 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 | $903,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $204,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,802 |
| Advertising and promotion | $1,843 |
| Office expenses | $23,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,202 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,574 |
| Insurance | $91,513 |
| All other expenses | $13,008 |
| Total functional expenses | $1,904,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,896 |
| Savings and temporary cash investments | $217,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $249,664 |
| 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 | $4,150 |
| Net Land, buildings, and equipment | $1,641,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,161,803 |
| Accounts payable and accrued expenses | $37,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,525 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $966,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,032,894 |
| Net assets without donor restrictions | $904,462 |
| Net assets with donor restrictions | $224,447 |
| 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 | $2,161,803 |