Vashon Island Community Care
- Assets
- $6.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 73
- Location
- Bellevue, WA
- Founding
- 05/1995
- Data as of
- 09/2021
- EIN
- 91-1703092
Organization Overview
Vashon Island Community Care is located in Bellevue, WA. The organization was established in 1995. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Vashon Island Community Care employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vashon Island Community Care 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, Vashon Island Community Care generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 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
HOME AND ASSISTED LIVING CENTER ON VASHON ISLAND, WASHINGTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
VASHON COMMUNITY CARE CENTER IS A SENIOR LIVING FACILITY WITH 70 BEDS, ENRICHING THE INDIVIDUALS' EXPERIENCE OF AGING ON VASHON ISLAND THROUGH CREATIVE, COLLABORATIVE, CARING, COMMUNITY-WIDE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Wagner Director & Vice Chair | OfficerTrustee | 0.1 | $0 |
Scott Lumsden Vice Chair & Chair | OfficerTrustee | 0.1 | $0 |
Torsten Hirche President & CEO | OfficerTrustee | 1 | $0 |
John Iwanski Chair & Director | OfficerTrustee | 0.1 | $0 |
Michael Connell Treasurer & CFO | Officer | 1 | $0 |
Michelle Luke Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Nursing Services | 9/29/19 | $464,378 |
Sysco Food Services Food Services | 9/29/19 | $183,749 |
Presbyterian Retirement Communities Nw Management & Admin Services | 9/29/19 | $211,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,875 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,816 |
| Total Program Service Revenue | $2,598,943 |
| Investment income | $386 |
| 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 | $2,980,041 |
| 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 | $1,552,741 |
| Pension plan accruals and contributions | $11,974 |
| Other employee benefits | $326,822 |
| Payroll taxes | $122,435 |
| Fees for services: Management | $134,468 |
| Fees for services: Legal | $3,713 |
| Fees for services: Accounting | $17,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,011 |
| Advertising and promotion | $170,714 |
| Office expenses | $87,065 |
| Information technology | $32,125 |
| Royalties | $0 |
| Occupancy | $223,965 |
| Travel | $145,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,242 |
| Interest | $173,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $638,274 |
| Insurance | $63,671 |
| All other expenses | $24,268 |
| Total functional expenses | $4,105,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,807 |
| Savings and temporary cash investments | $269,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,315 |
| 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 | $43,196 |
| Net Land, buildings, and equipment | $5,201,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,664 |
| Total assets | $5,973,230 |
| Accounts payable and accrued expenses | $669,290 |
| Grants payable | $0 |
| Deferred revenue | $360 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,032 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,898,562 |
| Unsecured mortgages and notes payable | $29,943 |
| Other liabilities | $4,394,507 |
| Total liabilities | $10,993,694 |
| Net assets without donor restrictions | -$5,070,464 |
| Net assets with donor restrictions | $50,000 |
| 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 | $5,973,230 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vashon Island Community Care has recieved totaling $53,403.
| Awarding Organization | Amount |
|---|---|
Health Center Volunteers Inc Vashon, WA PURPOSE: MEDICAL ASSIST AND TRAINING | $23,264 |
Health Center Volunteers Inc Vashon, WA PURPOSE: MEDICAL ASSIST AND TRAINING | $23,264 |
Presbyterian Retirement Communities Northwest Foundation Bellevue, WA PURPOSE: GENERAL OPERATING SUPPORT | $6,875 |
Endowment Analysis
| Beg. Balance | $59,903 |
| Earnings | $11,192 |
| Net Contributions | $19,807 |
| Ending Balance | $90,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Vista Care Corporation St Maries, ID | $23,926,674 | $19,662,049 |
Riverview Lutheran Retirement Community Of Spokane Spokane, WA | $52,587,969 | $16,375,778 |
Kin On Health Care Center Seatle, WA | $33,662,547 | $17,454,802 |
Christian Health Care Center Lynden, WA | $11,480,143 | $15,500,102 |
Martha And Mary Lutheran Services Poulsbo, WA | $10,897,947 | $14,434,557 |
West Valley Nursing Homes Living Care Centers Inc Yakima, WA | $29,777,502 | $12,283,436 |
Columbia Lutheran Ministries Seattle, WA | $23,787,297 | $15,197,000 |
Friendship Health Center Inc Portland, OR | $7,669,788 | $11,107,649 |
Masonic And Eastern Star Home Forest Grove, OR | $71,707,379 | $17,096,099 |
Wildflower Court Inc Juneau, AK | $7,875,184 | $10,011,346 |
Wasco County Nursing Care Inc The Dalles, OR | $13,663,983 | $9,357,625 |
Cheney Care Community Cheney, WA | $5,274,396 | $9,216,322 |