Garden Terrace Senior Living
- Assets
- $4.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Wenatchee, WA
- Founding
- 11/1968
- Data as of
- 03/2022
- EIN
- 91-6087782
Organization Overview
Garden Terrace Senior Living is located in Wenatchee, WA. The organization was established in 1968. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Garden Terrace Senior Living employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Terrace Senior Living 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 03/2022, Garden Terrace Senior Living generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.8m during the year ending 03/2022. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL RENTAL FOR LOW-INCOME SENIOR CITIZENS UNDER SECTION 202 OF THE HOUSING ACT OF 1959. THERE ARE A TOTAL OF 146 APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rad Miller President | OfficerTrustee | 1 | $0 |
Barbara Dronen Secretary/tr | OfficerTrustee | 1 | $0 |
Paige Ahnemiller Vice Preside | Trustee | 1 | $0 |
Laurie Bergman Board Member | Trustee | 1 | $0 |
Kim Martin Board Member | Trustee | 1 | $0 |
Kris Deyerle Board Memebe | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,663,159 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,662,997 |
| 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 | $479,249 |
| Pension plan accruals and contributions | $6,083 |
| Other employee benefits | $37,786 |
| Payroll taxes | $72,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,910 |
| Office expenses | $2,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,863 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,879 |
| Insurance | $67,260 |
| All other expenses | $510 |
| Total functional expenses | $1,750,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,836 |
| Savings and temporary cash investments | $237,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,691 |
| Prepaid expenses and deferred charges | $80,982 |
| Net Land, buildings, and equipment | $3,519,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $394,797 |
| Other assets | $64,818 |
| Total assets | $4,395,479 |
| Accounts payable and accrued expenses | $95,596 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,501,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,612 |
| Total liabilities | $4,716,930 |
| Net assets without donor restrictions | -$321,451 |
| Net assets with donor restrictions | $0 |
| 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 | $4,395,479 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garden Terrace Senior Living has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Roy And Leona Nelson Foundation Seattle, WA PURPOSE: PROVIDING AFFORDABLE HOUSING FOR LOW INCOME DISABLED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |
Habitat For Humanity International Inc Spokane, WA | $8,447,142 | $6,994,226 |
Homestead Community Land Trust Seattle, WA | $27,329,923 | $6,114,332 |
Network For Oregon Affordable Housing Portland, OR | $195,654,493 | $8,548,248 |
Catholic Charities Housing Services Diocese Of Yakima Yakima, WA | $29,693,210 | $6,976,540 |