The Kenney
- Assets
- $30.9m
- Revenue
- $8.1m
- Investments
- $11.9m
- Employees
- 120
- Location
- Seattle, WA
- Founding
- 09/1941
- Data as of
- 12/2021
- 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 12/2021, Kenney employed 120 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 12/2021, Kenney generated $8.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Bertha Saho Secretary | OfficerTrustee | 1 | $0 |
Richard Puffert Treasurer | OfficerTrustee | 1 | $0 |
Walter Fleming Chair | OfficerTrustee | 1 | $0 |
Susan Wilston Vice Chair | OfficerTrustee | 1 | $0 |
Mark Wilcox Chief Information Officer | Officer | 1 | $0 |
Karen Hardick Chief Financial Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Choice Renovations Llc (Choice Floors) Construction | 12/30/19 | $494,632 |
William K Tcheng (Goldstar Construction) Construction | 12/30/19 | $804,648 |
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 | $427,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,383 |
| Total Program Service Revenue | $5,585,590 |
| Investment income | $5,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,055,447 |
| 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 | $2,943,594 |
| Pension plan accruals and contributions | $24,644 |
| Other employee benefits | $536,849 |
| Payroll taxes | $233,258 |
| Fees for services: Management | $324,999 |
| Fees for services: Legal | $85,128 |
| Fees for services: Accounting | $26,700 |
| 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 | $20,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $420,293 |
| Travel | $4,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $727,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,503 |
| Insurance | $125,210 |
| All other expenses | $0 |
| Total functional expenses | $6,998,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,960 |
| 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 | $54,464 |
| Net Land, buildings, and equipment | $18,616,462 |
| Investments—publicly traded securities | $105,648 |
| Investments—other securities | $11,923,494 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,988 |
| Total assets | $30,891,794 |
| Accounts payable and accrued expenses | $1,262,486 |
| Grants payable | $0 |
| Deferred revenue | $336,541 |
| 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 | $13,016,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,092,345 |
| Total liabilities | $30,707,855 |
| Net assets without donor restrictions | -$11,947,559 |
| Net assets with donor restrictions | $12,131,498 |
| 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 | $30,891,794 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Kenney has recieved totaling $425,776.
| Awarding Organization | Amount |
|---|---|
Clairmont L & Evelyn S Egtvedt Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $425,776 |
Endowment Analysis
| Beg. Balance | $163,598 |
| Earnings | $44,406 |
| Ending Balance | $208,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Cascade Manor Inc Eugene, OR | $42,821,373 | $11,584,077 |
Summit At First Hill Seattle, WA | $25,796,567 | $11,254,963 |
Eastern Idaho Community Action Partnership Inc Idaho Falls, ID | $10,497,417 | $11,009,429 |
Emerald Care Wapato, WA | $2,750,996 | $9,139,228 |
The Kenney Seattle, WA | $30,891,794 | $8,055,447 |
Oregon Baptist Retirement Home Portland, OR | $10,109,849 | $5,345,202 |
Norse Home Inc Seattle, WA | $2,457,700 | $4,457,669 |
Keiro Northwest Seattle, WA | $16,126,784 | $4,712,692 |
Foundation House At Northgate Gig Harbor, WA | $238,951 | $4,038,596 |