Northwest Senior Housing Corporation

Organization Overview

Northwest Senior Housing Corporation, operating under the name Edgemere, is located in West Des Moines, IA. The organization was established in 1998. 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, Edgemere employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgemere 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, Edgemere generated $32.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $59.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Thomas Management Llc
Culinary Services
$1,925,772
Select Rehabilitation Llc
Therapy Services
$1,119,697
Arc Waterproofing Sealant Llc
Construction Services
$1,464,387
Elite Pro Gc Llc
Design Services
$967,430
The Bridge Group Construction
Construction Services
$2,914,359
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $29,700
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,700
Total Program Service Revenue$31,176,230
Investment income $366,115
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $641,815
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,213,860

Grants Awarded

Over the last fiscal year, Northwest Senior Housing Corporation has awarded $486,911 in support to 2 organizations.

Grant RecipientAmount

LIFESPACE FOUNDATION

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: TRANSFER OF FOUNDATION FUNDS

$403,911

LIFESPACE COMMUNITIES INC

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: CAPITAL CONTRIBUTION

$83,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northwest Senior Housing Corporation has recieved totaling $252,143.

Awarding OrganizationAmount
The Lifespace Foundation

West Des Moines, IA

PURPOSE: DISTRIBUTION FOR COMMUNITY APPROVED PROJECTS AND PAYMENTS ON BEHALF OF COMMUNITIES

$252,143
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$359,127
Grants-$359,127

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