2024-11-15T09:32:57-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 910963214 ELISEO ELIS 2537527112 1301 NORTH HIGHLANDS PARKWAY TACOMA WA 98406 R KEVIN MCFEELY PRESIDENT/CEO 2537527112 2024-11-14 1 1 KURT BENNION CPA P01469618 4252506100 2024-11-14 2023 2024-10-15 13:58:12Z R KEVIN MCFEELY 1301 NORTH HIGHLANDS PARKWAY TACOMA WA 98406 29557164 0 X WWW.ELISEO.ORG X 1938 WA ELISEO IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY. 10 10 396 35 0 0 584156 967146 23760830 28119603 -639701 64353 174096 385362 23879381 29536464 0 0 0 0 16225232 19653520 0 0 0 12822214 16050157 29047446 35703677 -5168065 -6167213 105890001 105607850 108765996 114408170 -2875995 -8800320 ELISEO IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY COMMITTED TO ENRICHING LIVES IN A VIBRANT AND CHRIST-CENTERED ENVIRONMENT PROVIDING EXCEPTIONAL SENIOR HOUSING AND SERVICES. 0 0 26405027 0 28119603 ELISEO IS ONE OF THE LARGEST LIFE PLAN COMMUNITIES IN PIERCE COUNTY, PROVIDING HEALTH CARE SERVICES AND A VARIETY OF RESIDENTIAL ACCOMODATIONS FOR OVER 350 SENIORS DAILY. FOR OVER 80 YEARS, ELISEO HAS GROWN AND CHANGED WITH THE CHANGING NEEDS OF SENIORS IN OUR COMMUNITY. WE OFFER A FULL CONTINUUM OF CARE AND SERVICES INCLUDING ACTIVE RETIREMENT LIVING, ASSISTED SENIOR LIVING, LONG-TERM CARE, DEMENTIA CARE, RESPITE CARE, SHORT-TERM MEDICAL CARE, REHABILITATION SERVICES, AND END-OF-LIFE CARE. WE HAVE A REPUTATION FOR AFFORDABLE, QUALITY CARE AND QUALITY SENIOR LIVING FOR ALL. OUR FAITH-BASED COMMUNITY WELCOMES SENIORS OF ALL RELIGIOUS DENOMINATIONS AND BELIEFS. WE ARE MINDFUL OF ONE'S PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH. 26405027 1 1 0 1 0 0 0 1 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 50 0 396 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X DAVID HOFFMAN 2537527112 1301 NORTH HIGHLANDS PARKWAY TACOMA WA 98406 R KEVIN MCFEELY PRESIDENT/CEO 27.50 22.50 X 493378 0 40001 DAVID HOFFMAN CFO 47.50 2.50 X 349910 0 27165 BRIAN MACDUFF ADMINISTRATOR 50.00 0.00 X 146427 0 995 FAITH GITUMA NURSE 50.00 0.00 X 133101 0 6102 LYDIA ASARE NURSE 50.00 0.00 X 124989 0 12716 SANDRA HOEYE NURSE 50.00 0.00 X 121960 0 12956 LEO DIZON NURSE 50.00 0.00 X 120079 0 6048 RON KEMPE CHAIR 2.00 2.00 X X 0 0 0 DANIEL HOFFMAN VICE CHAIR 2.00 0.00 X X 0 0 0 LYNN RIEGEL SECRETARY 2.00 0.00 X X 0 0 0 SCOTT RICHIE TREASURER (THROUGH JULY 2023) 2.00 0.00 X X 0 0 0 JANIS GRAVES BOARD MEMBER & TREASURER 2.00 0.00 X X 0 0 0 JOSEPH ANDERSON BOARD MEMBER 2.00 0.00 X 0 0 0 STEVE DUNCAN BOARD MEMBER 2.00 0.00 X 0 0 0 ED LARSON BOARD MEMBER (THROUGH NOVEMBER 2023) 2.00 2.00 X 0 0 0 JESSIE MCKENZIE BOARD MEMBER 2.00 0.00 X 0 0 0 JANET MONROE BOARD MEMBER 2.00 0.00 X 0 0 0 HON KATHRYN J NELSON BOARD MEMBER 2.00 2.00 X 0 0 0 STEPHANIE SCHRAMM BOARD MEMBER 2.00 2.00 X 0 0 0 MARC STRELESKI BOARD MEMBER (THROUGH MARCH 2023) 2.00 2.00 X 0 0 0 1489844 0 105983 15 0 1 0 WALSH CONSTRUCTION 315 S 54TH AVENUE SUITE 600 SEATTLE WA 98104 CONSTRUCTION SERVICES 22121798 FOREFRONT HEALTHCARE 1117 GRISWOLD SUITE 1114 DETROIT MI 48226 ENVIRONMENTAL SERVICES 1908223 CLIPBOARD HEALTH PO BOX 103125 PASADENA CA 911893125 MEDICAL STAFFING 1210591 CONSONUS REHAB PO BOX 4800 PORTLAND OR 972084800 THERAPY SERVICES 946377 UNWIRED ENGINEERING PO BOX 11037 CHANDLER AZ 85248 ELECTRICAL SERVICES 551571 20 967146 967146 PATIENT REVENUE, NET 623000 19657968 19657968 INDEPENDENT LIVING 623000 3356164 3356164 ASSISTED LIVING 623000 2406423 2406423 ENTRANCE FEES EARNED 623000 1494547 1494547 MEMORY CARE 623000 1204501 1204501 28119603 72564 72564 12489 0 20700 12489 -20700 -8211 -8211 OTHER REVENUE 623000 385362 385362 385362 29536464 28119603 0 449715 X 910454 668578 241876 15695075 13892991 1802084 166002 145662 20340 1613963 1314888 299075 1268026 1139989 128037 16957 16957 69042 69042 49458 49458 4807913 4408464 399449 963413 21333 942080 182556 17155 165401 290456 290456 1776884 1776884 66505 47770 18735 45568 33076 12492 1573208 714285 858923 3060800 1389698 1671102 378862 314922 63940 BAD DEBTS 2109132 2109132 MENTOR/RECRUITING 200704 200215 489 OTHER OVERHEAD EXPENSE 122454 122454 LICENSES & FEES 122152 122152 214093 74511 139582 35703677 26405027 9298650 0 3048944 3199738 113901 30357 1496378 2560273 45196 48641 378734 211893 115966499 34024890 64094480 81941609 1559418 1348009 35152950 16267330 105890001 105607850 8372028 3874580 5695163 16174070 84875173 84543400 144920 116416 7500000 2178712 9699704 108765996 114408170 X -2875995 -8800320 -2875995 -8800320 105890001 105607850 X -6167213 243557 -669 X X 0 1 X 1 0 X 226964 336140 5644245 584156 967146 7758651 20902931 22669881 20180042 23760830 28119603 115633287 21129895 23006021 25824287 24344986 29086749 123391938 0 0 0 123391938 89361 87636 81390 90506 72564 421457 89361 87636 81390 90506 72564 421457 595363 531760 426966 174096 385362 2113547 21814619 23625417 26332643 24609588 29544675 125926942 0.97990 0.96960 0.00330 0.01040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 609 609 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO LEADINGAGE WASHINGTON, WHICH LOBBIES ON BEHALF OF ALL OF ITS MEMBERS. 0 20000 0 0 X 0 0 1 X 1085133 1085133 104734657 27117906 77616751 1460141 1082045 378096 8553663 5824939 2728724 132905 132905 81941609 RESIDENT TRUST FUNDS 9416 OTHER ASSETS 88279 ASSETS LIMITED AS TO USE - BOND FUNDS 8403093 ENTRANCE FEE DEPOSITS 7676227 RELATED PARTY RECEIVABLE 90315 16267330 ANNUITIES PAYABLE 75940 REFUNDABLE ENTRANCE FEE DEPOSITS 9623764 9699704 X PART III, LINE 4: THE ORGANIZATION HOLDS SEVERAL WORKS OF ART THAT ARE ON DISPLAY IN VARIOUS LOCATIONS WITHIN OUR FACILITIES FOR THE ENJOYMENT OF OUR RESIDENTS AND VISITORS. PART IV, LINE 2B: PROSPECTIVE RESIDENTS MAKE REFUNDABLE WAIT LIST DEPOSITS. DEPOSITS ARE FULLY REFUNDABLE IF THE INDIVIDUAL WISHES TO BE REMOVED FROM THE WAIT LIST OR ARE APPLIED TO RENT WHEN THE INDIVIDUAL MOVES IN. THE ORGANIZATION HOLDS RESIDENT FUNDS IN TRUST IN A SEPARATE INTEREST-BEARING ACCOUNT. RESIDENTS CAN ACCESS THEIR FUNDS DURING REGULAR BUSINESS HOURS EVERY DAY OF THE WEEK. FUNDS ARE HELD FOR VARIOUS RESIDENT-RUN PROGRAMS. THE RESIDENT GROUPS MAKE REQUESTS FOR FUNDS TO BE DEPOSITED OR DISBURSED AND THE ORGANIZATION ACTS AS FIDUCIARY ON THEIR BEHALF. PART X, LINE 2: ELISEO HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED ACTIVITIES. NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (DEFICIT). X 1 1 X X X X 0 0 0 0 0 0 0 0 0 R KEVIN MCFEELY PRESIDENT/CEO 493378 0 0 0 0 0 0 0 40001 0 533379 0 0 0 DAVID HOFFMAN CFO 349910 0 0 0 0 0 0 0 27165 0 377075 0 0 0 PART I, LINE 1A ELISEO'S LEADERS RECEIVE HOLIDAY BONUSES THAT RANGE FROM $250 TO $600 AND ARE GROSSED UP FOR TAX PURPOSES. THESE AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783G91 2021-09-30 86874245 REFUND SERIES 2013 BONDS; FACILITY CONSTRUCTION AND RENOVATION 0 0 0 A 160000 86874245 4024506 1711423 76759729 4378587 2023 1 1 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS CONSISTS OF THE OFFICERS OF THE BOARD. IT HAS GENERAL MANAGEMENT OVER THE FACILITIES, SUBJECT TO THE INSTRUCTIONS OF THE BOARD, AND HAS THE POWER TO TRANSACT ALL REGULAR BUSINESS BETWEEN REGULAR BOARD MEETINGS SUBJECT TO ANY LIMITATIONS PLACED ON IT BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN APRIL 2023 TO MAKE FUTURA AGE, A WASHINGTON NONPROFIT CORPORATION, THE SOLE MEMBER OF ELISEO AND TO GRANT FUTURA AGE THE FOLLOWING POWERS: 1. APPROVAL OF THE NOMINATION, ELECTION AND REMOVAL OF GOVERNORS; 2. APPROVAL OF THE ANNUAL CAPITAL AND OPERATING BUDGETS; 3. SELECTION, EMPLOYMENT AND TERMINATION OF THE CEO; 4. APPROVAL OF ANY SALE, LEASE , EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF ELISEO'S ASSETS OUTSIDE THE NORMAL COURSE OF BUSINESS, OR ANY ACQUISITION OF ELISEO, OR MERGER OR CONSOLIDATION; 5. APPROVAL OF ANY AMENDMENT OR MODIFICATION TO THE ARTICLES OF INCORPORATION OR BYLAWS; 6. APPROVAL OF ANY PROPOSD VOLUNTARY DISSOLUTION, LIQUIDATION OR WINDING-UP; 7. APPROVAL OF THE DECLARATION BY ELISEO OF ANY EVENT OR BANKRUPTCY, INSOLVENCY OR OTHER APPLICATION FOR JUDICIAL RELIEF FROM CREDITORS; 8. APPROVAL OF ANY ACTION THAT MAY JEOPARDIZE ELISEO'S TAX-EXEMPT STATUS; AND 9. APPROVAL OF THE CREATION OF AND ORGANIZATING DOCUMENTS (AND AMENDMENTS THERETO) FOR ANY SUBSIDIARY OR AFFILIATED ENTITY, JOINT VENTURE, AFFILIATION OR SIMILAR ARRANGEMENT. THE LUTHERAN CONGREGATIONS IN PIERCE COUNTY THAT WERE PREVIOUSLY IDENTIFIED AS MEMBERS ARE NOW IDENTIFIED AS DELEGATES. THE DELEGATES NO LONGER HAVE THE POWER TO ELECT GOVERNORS, BUT OTHERWISE RETAIN THE POWERS THAT THEY PREVIOUSLY HELD AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS FUTURA AGE. FORM 990, PART VI, SECTION A, LINE 7A FUTURA AGE, THE SOLE MEMBER, HAS THE RIGHT TO APPROVE OF THE NOMINATION, ELECTION AND REMOVAL OF ELISEO'S GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER, FUTURA AGE HAS THE RIGHT TO: 1. APPROVE THE NOMINATION, ELECTION AND REMOVAL OF GOVERNORS; 2. APPROVE THE ANNUAL CAPITAL AND OPERATING BUDGETS; 3. SELECT, EMPLOY AND TERMINATE THE CEO; 4. APPROVE ANY SALE, LEASE , EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF ELISEO'S ASSETS OUTSIDE THE NORMAL COURSE OF BUSINESS, OR ANY ACQUISITION OF ELISEO, OR MERGER OR CONSOLIDATION; 5. APPROVE ANY AMENDMENT OR MODIFICATION TO THE ARTICLES OF INCORPORATION OR BYLAWS; 6. APPROVE ANY PROPOSD VOLUNTARY DISSOLUTION, LIQUIDATION OR WINDING-UP; 7. APPROVE THE DECLARATION BY ELISEO OF ANY EVENT OR BANKRUPTCY, INSOLVENCY OR OTHER APPLICATION FOR JUDICIAL RELIEF FROM CREDITORS; 8. APPROVE ANY ACTION THAT MAY JEOPARDIZE ELISEO'S TAX-EXEMPT STATUS; AND 9. APPROVE THE CREATION OF AND ORGANIZATING DOCUMENTS (AND AMENDMENTS THERETO) FOR ANY SUBSIDIARY OR AFFILIATED ENTITY, JOINT VENTURE, AFFILIATION OR SIMILAR ARRANGEMENT. THE DELEGATES, CONSISTING OF LUTHERAN CONGREGATIONS LOCATED IN PIERCE COUNTY AND OTHER CONGREGATIONS THAT ARE INVITED BY THE BOARD AND ELECTED TO BECOME DELEGATES, HAVE THE AUTHORITY TO: 1. APPROVE OR DISAPPROVE OF ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; AND 2. APPROVE OR DISAPPROVE OF ANY RESOLUTION TO DISSOLVE ELISEO. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY THE CFO AND DISTRIBUTED TO ALL BOARD MEMBERS. AFTER FILING, THE FORM 990 IS BEING REVIEWED BY THE BOARD OF GOVERNORS' FINANCE COMMITTEE, THEN REVIEWED AND APPROVED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES MEMBERS OF THE BOARD OF GOVERNORS AND EXECUTIVE OFFICERS TO ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. OTHER THAN ANNUALLY WHEN THEY SIGN THE CONFLICT OF INTEREST DISCLOSURE, BOARD MEMBERS ARE EXPECTED TO DISCLOSE ANY POTENTIAL CONFLICTS WHEN ISSUES ARISE AND EXCUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON THOSE ISSUES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO AND TOP MANAGEMENT OFFICIALS IS DETERMINED BASED ON ANNUAL SALARY SURVEYS. THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. THE CEO REVIEWS AND APPROVES THE OTHER EXECUTIVES' COMPENSATION. THE PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 4,408,464. MANAGEMENT AND GENERAL EXPENSES 399,449. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,807,913. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES -669. FORM 990, PART XII, LINE 2C: THE AUTHORITY AND PROCESS FOR SELECTING THE FINANCIAL STATEMENT AUDITOR AND FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE YEAR. AGE DIFFERENTLY CONSULTING AND MANAGEMENT LLC 1301 N HIGHLANDS PARKWAY TACOMA WA 98406 464732659 ENHANCE SERVICES TO THE ELDERLY WA 0 0 ELISEO TACOMA LUTHERAN HOME LLC 1301 N HIGHLANDS PARKWAY TACOMA WA 98406 910963214 PROPERTY HOLDING COMPANY WA 0 0 ELISEO ELISEO FOUNDATION 1301 N HIGHLANDS PARKWAY TACOMA WA 98406 943031579 FUNDRAISING WA 501(C)(3) LINE 12A, I ELISEO 1 FOSS HOME & VILLAGE 13023 GREENWOOD AVENUE N SEATTLE WA 98133 910573114 NURSING HOME AND ASSISTED LIVING WA 501(C)(3) LINE 10 N/A 0 FUTURA AGE 1301 N HIGHLANDS PARKWAY TACOMA WA 98406 882748740 MANAGEMENT SERVICES WA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 ELISEO FOUNDATION C 967146 CASH