Horizon House
- Assets
- $225.5m
- Revenue
- $49.6m
- Investments
- $0.0
- Employees
- 240
- Location
- Seattle, WA
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 91-0725802
Organization Overview
Horizon House is located in Seattle, WA. The organization was established in 1964. 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, Horizon House employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horizon House 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, Horizon House generated $49.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $34.6m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSEFUL LIVING IN A DIVERSE COMMUNITY. USING THE POWER OF RESIDENT DRIVEN COMMUNITY TO ENHANCE WELLBEING.
Describe the Organization's Program Activity:
HORIZON HOUSE HAS A LONG-STANDING COMMITMENT TO SOCIAL ACCOUNTABILITY. RESIDENTS, STAFF AND THE ENTIRE ORGANIZATION GIVE TIME AND FINANCIAL SUPPORT TO THOSE IN NEED. THIS SUPPORT IS OFFERED TO THOSE LIVING IN HORIZON HOUSE AND IN THE BROADER COMMUNITY. THE MISSION OF HORIZON HOUSE IS TO BE A DYNAMIC RETIREMENT COMMUNITY DEDICATED TO DIGNIFIED AGING, LIFE FULFILLMENT AND SERVICE TO THE BROADER COMMUNITY.HORIZON HOUSE, A NOT-FOR-PROFIT RETIREMENT COMMUNITY, WAS FOUNDED IN 1961, BECOMING THE FIRST RETIREMENT COMMUNITY IN DOWNTOWN SEATTLE. FOUNDING MEMBERS WERE CIVIC LEADERS AND MEMBERS OF THE UNITED CHURCH OF CHRIST WHO ESTABLISHED A COMMITMENT TO SOCIAL JUSTICE, COMMUNITY OUTREACH AND SOCIAL ACCOUNTABILITY WHICH CONTINUES TO THIS DAY. HORIZON HOUSE IS A CONTINUING CARE RETIREMENT COMMUNITY WITH 378 INDEPENDENT LIVING APARTMENTS AND 90 ASSISTED LIVING HEALTH CARE APARTMENTS. THERE ARE APPROXIMATELY 540 RESIDENTS AT HORIZON HOUSE AND A STAFF OF 193. COMPREHENSIVE HEALTH SERVICES INCLUDE WELLNESS/EXERCISE, REHABILITATION THERAPY, HOME CARE, AND ASSISTED AND NURSING CARE IN ADDITION TO EDUCATIONAL CLASSES AND MANY SOCIAL AND CULTURAL EVENTS.HORIZON HOUSE IS GOVERNED BY A 10 TO 15-MEMBER BOARD OF TRUSTEES WHO SERVES WITHOUT COMPENSATION. THE BOARD IS COMPRISED OF MEN AND WOMEN WITH PROFESSIONAL EXPERTISE IN THE LEADERSHIP AND OPERATIONAL AREAS OF HORIZON HOUSE. A THREE-MEMBER EXECUTIVE TEAM IS RESPONSIBLE FOR THE ADMINISTRATIVE LEADERSHIP OF HORIZON HOUSE.EXAMPLES OF COMMUNITY OUTREACH AND SOCIAL ACCOUNTABILITYSOME HIGHLIGHTS FROM 2021 INCLUDE:- CHARITABLE CARE FOR RESIDENTS UNABLE TO PAY IN THE AMOUNT OF $406,798 ENABLING THEM TO REMAIN AT HORIZON HOUSE AND ELIMINATING THE NEED FOR GOVERNMENT ASSISTANCE AND SUBSIDIES. DISTRIBUTION OF $2,200 TO EMPLOYEES IN NEED OF ASSISTANCE AND $37,828 TO 23 EMPLOYEES FOR EDUCATIONAL PURPOSES. THESE DISTRIBUTIONS ARE FUNDED BY OUR GENEROUS DONORS CONSISTING OF RESIDENTS, FAMILIES, VENDORS AND STAFF.- DONATIONS TO COMMUNITY NOT-FOR-PROFIT GROUPS IN HONOR OF DECEASED HORIZON HOUSE RESIDENTS FOR A TOTAL OF $1,200.- HORIZON HOUSE IS A MEMBER OF VARIOUS NON-PROFIT ASSOCIATIONS INCLUDING THE COUNCIL OF HEALTH & HUMAN SERVICES MINISTRIES OF THE UNITED CHURCH OF CHRIST, LEADINGAGE, FIRST HILL IMPROVEMENT ASSOCIATION AND THE JIM ELLIS FREEWAY PARK ASSOCIATION. A COMMUNITY GRANTS PROGRAM PROVIDES FUNDING TO ORGANIZATIONS THAT SUPPORT PROGRAMS AND SERVICES TO OLDER ADULTS GRANTS AND DONATIONS FOR THEIR CHARITABLE WORK IN THE BROADER COMMUNITY IN THE TOTAL AMOUNT OF $52,000.- VOLUNTEER HOURS DONATED BY HORIZON HOUSE RESIDENTS TO COMMUNITY NON-PROFITS INCLUDE SIMONS HOUSE AND SYLVIA'S PLACE PLYMOUTH HOUSING, SEWING AND KNITTING FOR HARBORVIEW AND PLYMOUTH HOUSING AND FRIENDS OF THE LIBRARY BOOK CART. DUE TO COVID-19 AND SAFETY FOR OUR RESIDENTS MANY VOLUNTEERING SERVICES WAS CANCELED. 2021 TOTAL DONATED DOLLARS:$446,826 IN CHARITABLE DOLLARS (RESIDENT CARE, EMPLOYEE ASSISTANCE AND EDUCATIONAL GRANTS)$53,200 (COMMUNITY GRANTS TO ORGANIZATIONS, MEMORIAL GIFTS)$500,026 TOTAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Michael Ostrem CEO | Officer | 50 | $425,798 |
Lauri Warfield-Larson COO | Officer | 50 | $228,417 |
Christine Seymour CFO | Officer | 50 | $215,044 |
David Eli Lemanski Director Of Construction | 50 | $168,503 | |
Brenda Thompson Director Of Human Resources | 50 | $163,929 | |
Brian Levitt Director Of It | 50 | $158,836 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mathew Thomas Parsons (Mtp) General Contractor | 12/30/21 | $986,903 |
Andersen Construction Company Of Wa Llc General Contractor | 12/30/21 | $3,523,750 |
Twb Enterprises Inc General Contractor | 12/30/21 | $1,943,300 |
Morrison Management Specialists Inc Food Service Management | 12/30/21 | $2,240,099 |
Choice Renovations Llc General Contractor | 12/30/21 | $863,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,169,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $968,186 |
| Noncash contributions included in lines 1a–1f | $39,332 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,137,712 |
| Total Program Service Revenue | $32,031,616 |
| Investment income | $3,369,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,795,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,618,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,200 |
| Grants and other assistance to domestic individuals. | $446,826 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $931,205 |
| Compensation of current officers, directors, key employees. | $719,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,137,331 |
| Pension plan accruals and contributions | $308,638 |
| Other employee benefits | $1,518,197 |
| Payroll taxes | $1,080,425 |
| Fees for services: Management | $733,796 |
| Fees for services: Legal | $86,343 |
| Fees for services: Accounting | $201,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,060 |
| Fees for services: Other | $1,540,157 |
| Advertising and promotion | $59,555 |
| Office expenses | $1,174,738 |
| Information technology | $352,072 |
| Royalties | $0 |
| Occupancy | $1,686,880 |
| Travel | $47,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,263 |
| Interest | $3,328,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,843,318 |
| Insurance | $586,217 |
| All other expenses | $11,022 |
| Total functional expenses | $34,619,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,602,710 |
| Savings and temporary cash investments | $4,856,278 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,784 |
| Prepaid expenses and deferred charges | $511,150 |
| Net Land, buildings, and equipment | $107,979,220 |
| Investments—publicly traded securities | $97,869,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,158 |
| Total assets | $225,517,905 |
| Accounts payable and accrued expenses | $6,458,660 |
| Grants payable | $0 |
| Deferred revenue | $82,904,670 |
| Tax-exempt bond liabilities | $79,024,773 |
| Escrow or custodial account liability | $468,846 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $394,216 |
| Total liabilities | $169,251,165 |
| Net assets without donor restrictions | $27,175,548 |
| Net assets with donor restrictions | $29,091,192 |
| 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 | $225,517,905 |
Grants Awarded
Over the last fiscal year, Horizon House has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: SENIOR ASSISTANCE PROGRAM | $25,000 |
Seattle, WA PURPOSE: SENIOR ASSISTANCE PROGRAM | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Horizon House has recieved totaling $11,367.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; RESIDENTS WITHOUT RESOURCES | $9,566 |
Gienapp Family Foundation Wilmington, DE PURPOSE: FUNDS FOR THE GREATEST NEED | $1,500 |
Gienapp Family Foundation Wilmington, DE PURPOSE: EMPLOYEE RECOGNITION FUND | $301 |
Endowment Analysis
| Beg. Balance | $24,671,387 |
| Earnings | $3,295,266 |
| Admin Expense | $35,580 |
| Net Contributions | $581,516 |
| Grants | $918,286 |
| Ending Balance | $27,594,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |
Wesley Homes Des Moines, WA | $289,596,176 | $68,453,311 |
Rogue Valley Manor Medford, OR | $249,123,090 | $59,343,722 |
Panorama Lacey, WA | $219,048,634 | $47,071,330 |
Eastside Retirement Association Redmond, WA | $226,847,033 | $37,597,342 |
Spokane United Methodist Homes Spokane, WA | $259,704,363 | $36,246,528 |
Willamette View Manor Inc Portland, OR | $158,572,403 | $34,857,993 |
Horizon House Seattle, WA | $225,517,905 | $49,618,352 |
Mennonite Home Of Albany Inc Albany, OR | $81,716,094 | $28,368,567 |
Capital Manor Inc Salem, OR | $123,001,927 | $25,198,203 |
Eliseo Tacoma, WA | $107,438,418 | $26,114,942 |
Robison Jewish Home Portland, OR | $56,916,516 | $24,370,432 |