Summit At First Hill
- Assets
- $25.8m
- Revenue
- $11.3m
- Investments
- $207.5k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 91-1973348
Organization Overview
Summit At First Hill is located in Seattle, WA. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit At First Hill 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, Summit At First Hill generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $11.0m during the year ending 12/2021. While expenses have increased by 4.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES ASSISTED SERVICES AND RESIDENTIAL SERVICES TO OVER 140 ELDERLY ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMIT HAS 76 INDEPENDENT LIVING UNITS WITH A FULL COMPLEMENT OF SERVICES INCLUDING MEALS, RECREATIONAL AND EDUCATIONAL ACTIVITIES PROVIDED IN A TRADITIONAL JEWISH ENVIRONMENT. THE SUMMIT ALSO HAS 50 ASSISTED LIVING UNITS PROVIDING ASSISTED CARE, MEALS, ACTIVITIES AND RELIGIOUS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Almo Chair | OfficerTrustee | 0.5 | $0 |
Irene Fisher 1st Vice Chair | OfficerTrustee | 0.5 | $0 |
Barbara Sulman 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Jay Riffkin Secretary | OfficerTrustee | 0.5 | $0 |
Robert Simon Treasurer | OfficerTrustee | 0.5 | $0 |
Brian Quint Past Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $760,837 |
| Government grants | $316,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,447 |
| Total Program Service Revenue | $9,792,688 |
| Investment income | $90,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,254,963 |
| 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. | $507,275 |
| Compensation of current officers, directors, key employees. | $507,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,094,919 |
| Pension plan accruals and contributions | $94,548 |
| Other employee benefits | $382,036 |
| Payroll taxes | $442,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228 |
| Fees for services: Accounting | $1,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,943 |
| Fees for services: Other | $247,021 |
| Advertising and promotion | $13,489 |
| Office expenses | $86,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,243,373 |
| Travel | $13,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $275 |
| Interest | $0 |
| Payments to affiliates | $13,657 |
| Depreciation, depletion, and amortization | $1,104,212 |
| Insurance | $54,449 |
| All other expenses | $89,959 |
| Total functional expenses | $10,961,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,763 |
| 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 | $31,209 |
| Net Land, buildings, and equipment | $22,451,192 |
| Investments—publicly traded securities | $2,729,068 |
| Investments—other securities | $207,475 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,796,567 |
| Accounts payable and accrued expenses | $90,758 |
| Grants payable | $0 |
| Deferred revenue | $116,214 |
| Tax-exempt bond liabilities | $7,976,121 |
| Escrow or custodial account liability | $0 |
| 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 | $1,335,405 |
| Total liabilities | $9,518,498 |
| Net assets without donor restrictions | $16,240,157 |
| Net assets with donor restrictions | $37,912 |
| 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 | $25,796,567 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summit At First Hill has recieved totaling $760,837.
| Awarding Organization | Amount |
|---|---|
The Kline Galland Center Seattle, WA PURPOSE: FINANCIAL SUPPORT | $760,837 |
Endowment Analysis
| Beg. Balance | $26,341,981 |
| Earnings | $3,310 |
| Admin Expense | $82,217 |
| Ending Balance | $26,263,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Bayview Manor Homes Seattle, WA | $83,944,514 | $18,603,960 |
Holladay Park Plaza Inc Portland, OR | $80,790,793 | $26,089,589 |
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |