Presbyterian Retirement Communities Northwest

Organization Overview

Presbyterian Retirement Communities Northwest, operating under the name Transforming Age, is located in Bellevue, WA. The organization was established in 1960. 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 09/2021, Transforming Age employed 1,109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transforming Age 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 09/2021, Transforming Age generated $87.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $98.5m during the year ending 09/2021. While expenses have increased by 10.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A FAITH-BASED ORGANIZATION SUPPORTING COMMUNITIES AND SERVICES THAT CELEBRATE AND ENRICH LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Perkins Eastman Architects Dpc
Architectural Services
$1,524,508
Pcl Construction Services Inc
Construction
$41,237,153
Ktm Construction Llc
Construction
$1,159,622
Consonus Rehab
Rehabilitation/therapists
$1,096,140
Acg Builds Inc
Construction
$1,207,329
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$89,738
Government grants $0
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$89,738
Total Program Service Revenue$70,396,770
Investment income $1,156,694
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $223,468
Net Gain/Loss on Asset Sales $11,430,869
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,530
Miscellaneous Revenue$0
Total Revenue $86,965,439

Grants Awarded

Over the last fiscal year, Presbyterian Retirement Communities Northwest has awarded $1,214,560 in support to 2 organizations.

Grant RecipientAmount

CHRISTIAN RETIREMENT HOMES

Org PageRecipient Profile

Lincoln, NE

PURPOSE: GENERAL OPERATING SUPPORT

$1,000,000

PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOUNDATION

Org PageRecipient Profile

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$214,560
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Presbyterian Retirement Communities Northwest has recieved totaling $89,738.

Awarding OrganizationAmount
Presbyterian Retirement Communities Northwest Foundation

Bellevue, WA

PURPOSE: GENERAL OPERATING SUPPORT

$89,738
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,609,216
Earnings$272,637
Ending Balance$1,881,853

Peer Organizations

Organization NameAssets
Presbyterian Retirement Communities Northwest
Bellevue, WA
$86,965,439
Wesley Homes
Des Moines, WA
$68,453,311
Rogue Valley Manor
Medford, OR
$59,343,722
Panorama
Lacey, WA
$47,071,330
Eastside Retirement Association
Redmond, WA
$37,597,342
Spokane United Methodist Homes
Spokane, WA
$36,246,528
Willamette View Manor Inc
Portland, OR
$34,857,993
Horizon House
Seattle, WA
$49,618,352
Mennonite Home Of Albany Inc
Albany, OR
$28,368,567
Capital Manor Inc
Salem, OR
$25,198,203
Eliseo
Tacoma, WA
$26,114,942
Robison Jewish Home
Portland, OR
$24,370,432

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