The Kenney
- Assets
- $28.4m
- Revenue
- $5.8m
- Investments
- $9.4m
- Employees
- 96
- Location
- Seattle, WA
- Founding
- 09/1941
- Data as of
- 12/2022
- EIN
- 91-0280360
Organization Overview
The Kenney is located in Seattle, WA. The organization was established in 1941. 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 12/2022, Kenney employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenney 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 12/2022, Kenney generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A CONTINUING CARE FACILITY FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A CCRC PROVIDING SECURITY, MEDICAL, SOCIAL AND RELIGIOUS NEEDS OF ITS RESIDENTS, THE KENNEY CONSISTS OF 41 AL UNITS, 20 MEMORY CARE UNITS, AND 89 IL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Haglund President & CEO | Officer | 1 | $0 |
Mark Wilcox Chief Information Officer | Officer | 1 | $0 |
Jennifer Whitten Chief Operating Officer | Officer | 1 | $0 |
Danielle Bozich Chief Human Resources Officer | Officer | 1 | $0 |
Matthew Boswell Vice President Of Finance | 1 | $0 | |
Richard Whitver Pharmacist | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William K Tcheng (Goldstar Construction) Construction | 12/30/19 | $804,648 |
Choice Renovations Llc (Choice Floors) Construction | 12/30/19 | $494,632 |
Karen Pfeiffer Bush (Housewarming Home S Home Design | 12/30/19 | $133,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,122 |
| Total Program Service Revenue | $5,333,388 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,774,370 |
| 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 | $2,552,898 |
| Pension plan accruals and contributions | $31,296 |
| Other employee benefits | $326,830 |
| Payroll taxes | $193,699 |
| Fees for services: Management | $622,711 |
| Fees for services: Legal | $25,565 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $386,960 |
| Travel | $5,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $845,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,503 |
| Insurance | $108,186 |
| All other expenses | $27,931 |
| Total functional expenses | $6,835,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,301 |
| 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 | $15,535 |
| Net Land, buildings, and equipment | $18,676,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,357,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,393,331 |
| Accounts payable and accrued expenses | $1,782,970 |
| Grants payable | $0 |
| Deferred revenue | $134,011 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,625,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,307,661 |
| Total liabilities | $31,849,737 |
| Net assets without donor restrictions | -$13,021,858 |
| Net assets with donor restrictions | $9,565,452 |
| 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 | $28,393,331 |