2025-11-14T20:21:47-06:00 2024-12-31 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2024-01-01 910743702 THE LUTHERAN RETIREMENT HOME OF GREATER SEATTLE LUTH 2065259666 6720 EAST GREEN LAKE WAY NORTH SEATTLE WA 98103 REGGIE MULLIS CEO 2065259666 2025-11-14 1 0 MEGAN R RYAN P00737884 4254544919 2025-11-14 2024 2025-03-06 01:10:19Z THE HEARTHSTONE REGGIE MULLIS 6720 EAST GREEN LAKE WAY NORTH SEATTLE WA 98103 21778654 0 9386 X WWW.HEARTHSTONE.ORG X 1961 WA PROMOTE INDEPENDENCE, HEALTH, SECURITY, PURPOSE AND BELONGING IN LIFE FOR ADULTS AGE 62 PLUS. 14 14 294 20 0 0 3036263 30808 18648801 19348949 1922325 2115793 260615 283104 23868004 21778654 285364 247403 0 0 12570707 14014888 0 0 0 12294559 14300039 25150630 28562330 -1282626 -6783676 75129230 72296239 74498482 80447765 630748 -8151526 X FOUNDED IN 1966 WITH ROOTS IN THE LUTHERAN FAITH DATING BACK TO ITS INCEPTION, THE HEARTHSTONE HONORS THE FAITH'S CORE VALUES OF SAFEGUARDING, NURTURING AND CARING FOR ALL PEOPLE. 0 0 24474277 247403 19348949 THE HEARTHSTONE OWNS AND OPERATES A LIFE PLAN COMMUNITY ("LAKESIDE") LOCATED IN SEATTLE, WASHINGTON, THAT INCLUDES 109 INDEPENDENT LIVING APARTMENTS, A SECOND FACILITY ("COVE WEST") THAT INCLUDES 27 INDEPENDENT LIVING APARTMENTS, AND A THIRD FACILITY ("COVE EAST") WITH 22 INDEPENDENT LIVING APARTMENTS. LAKESIDE ALSO INCLUDES A 40-BED NURSING CARE FACILITY, A 36-UNIT ASSISTED LIVING AREA, AND 12 MEMORY CARE APARTMENTS. THE HEARTHSTONE ALSO PROVIDES DAILY ACTIVITIES, THREE MEALS A DAY, REHABILITATION SERVICES FOR WELLNESS TO RECOVERY, AND HOSPICE SERVICES. THE CHAPEL IS OPEN FOR WEEKLY VESPER SERVICES, MUSIC RECITALS BY LOCAL STUDENTS, AND BOARD MEETINGS FOR OTHER NOT-FOR-PROFIT BUSINESSES. THROUGH DONATIONS, THE HEARTHSTONE PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS WHILE LIVING INDEPENDENTLY OR IN ASSISTED LIVING. THE HEARTHSTONE'S HEALTH CARE CENTER IS ALSO AVAILABLE FOR NON-HEARTHSTONE RESIDENTS AGE 62 AND OVER NEEDING SHORT-TERM REHABILITATION SERVICES. 24474277 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 68 0 294 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PETER SCHULTZ 2065259666 6720 EAST GREEN LAKE WAY NORTH SEATTLE WA 98103 LEE COHRS CHAIR 1.00 0.00 X X 0 0 0 HARRY EDMON VICE CHAIR 1.00 0.00 X X 0 0 0 DR ANN MELVIN SECRETARY 1.00 0.00 X X 0 0 0 TERI HIGBY CPA MEMBER AT LARGE 1.00 0.00 X 0 0 0 DOUG CUSTER CFP CAP MEMBER AT LARGE 1.00 0.00 X 0 0 0 MIKE OLDEN TRUSTEE 1.00 0.00 X 0 0 0 KARI RALLO TRUSTEE 1.00 0.00 X 0 0 0 DR CAROL REDFIELD TRUSTEE 1.00 0.00 X 0 0 0 REV ELISE SCOTT TRUSTEE 1.00 0.00 X 0 0 0 WAI WONG TRUSTEE 1.00 0.00 X 0 0 0 ALBERT LIRHUS TRUSTEE 1.00 1.00 X 0 0 0 KELLY MAEDER CPA TRUSTEE 1.00 0.00 X 0 0 0 TIM WALSH TRUSTEE 1.00 0.00 X 0 0 0 TRACY CALAHAN CPA TRUSTEE 1.00 0.00 X 0 0 0 KARRIN DANIELS TRUSTEE THRU 02/24 1.00 0.00 X 0 0 0 REGGIE MULLIS CHIEF EXECUTIVE OFFICER 40.00 0.00 X 281274 0 33052 DONALD MAY CHIEF FINANCIAL OFFICER 40.00 0.00 X 158465 0 12601 JOHN MCKITTRICK CHIEF FINANCIAL OFFICER THRU 05/24 40.00 0.00 X 64335 0 13506 ROSIE VELASCO CHIEF HEALTH CARE OFFICER THRU 01/24 40.00 0.00 X 73736 0 3162 STACY MESAROS SENIOR HEALTH SERVICES DIRECTOR 40.00 0.00 X 185722 0 21125 JEREMIAS RAMIREZ REGISTERED NURSE 40.00 0.00 X 187360 0 33494 ANTHONY BAE LICENSED PRACTICAL NURSE 40.00 0.00 X 141398 0 25541 EMILIANA CUPAT DIRECTOR OF NURSING 40.00 0.00 X 136961 0 25456 ROSE DRACOBLY ADMISSIONS COORDINATOR 40.00 0.00 X 124026 0 25955 PETER SCHULTZ ACCOUNTING MANAGER 40.00 0.00 X 122441 0 20108 1475718 0 214000 15 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 DINING AND FACILITIES MGMT 3377742 CLIFTONLARSONALLEN LLP CLA-SEATTLE 032 P O BOX 31001-244 PASADENA CA 911102443 ACCOUNTING SERVICES 560544 TWOMAGNETS INC PO BOX 103125 PASADENA CA 911893125 STAFFING AGENCY 543186 CONSONUS REHAB UNIT 12 PO BOX 4800 PORTLAND OR 972084800 REHAB THERAPY 450568 MACDONALD-MILLER FACILITY SOLUTIONS LLC DEPT C700 PO BOX 509017 SAN DIEGO CA 921509017 MECHANICAL SYSTEMS SERVICES 293928 12 30808 30808 RESIDENT MONTHLY FEES 623000 10964102 10964102 HEALTH CARE SERVICES 623000 4731136 4731136 ENTRANCE FEE 623000 3653711 3653711 19348949 326384 326384 10140 0 10140 10140 10140 1789409 0 1789409 1789409 1789409 19588 0 19588 19588 PARKING 812930 114381 114381 MEALS REVENUE 722514 78140 78140 RESIDENT CHARGES 623000 47267 47267 13588 13588 253376 21778654 19348949 0 2398897 1212 1212 246191 246191 761311 761311 9716048 8800981 915067 340036 285630 54406 2228618 1872039 356579 968875 813855 155020 1142071 1142071 78471 78471 560614 560614 82406 82406 2694663 2413344 281319 85359 77677 7682 54089 49465 4624 273237 248646 24591 1278586 1171901 106685 30567 27816 2751 17215 15666 1549 1718455 1460687 257768 3669947 3669947 360782 137097 223685 FOOD 1141604 1038860 102744 SUPPLIES 585375 532691 52684 EQUIPMENT MAINTENANCE 75230 68459 6771 LICENSES 17113 15574 1539 434255 384468 49787 28562330 24474277 4088053 0 32642 1888351 18191 1134265 1005592 822785 176221 176221 229768 358679 97612143 45648468 53599351 51963675 17073225 12958023 2994240 2994240 75129230 72296239 2870805 2201554 26991288 33502808 34091588 33580018 9214347 8742535 1330454 2420850 74498482 80447765 X 508580 -8151526 122168 0 630748 -8151526 75129230 72296239 X -6783676 -11113 -1514670 -472815 X X 0 0 0 X 569618 1741115 92861 3036263 30808 5470665 19599023 18084095 18849707 18648801 19368537 94550163 120108 138105 138532 184741 239788 821274 20288749 19963315 19081100 21869805 19639133 100842102 200 200 0 200 200 100841902 787690 1219209 550207 462730 336524 3356360 787690 1219209 550207 462730 336524 3356360 5309 13702 88990 67424 13588 189013 21081748 21196226 19720297 22399959 19989245 104387475 0.96600 0.95180 0.03220 0.03860 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 5,309. 2021 AMOUNT: $ 13,702. 2022 AMOUNT: $ 88,990. 2023 AMOUNT: $ 67,424. 2024 AMOUNT: $ 13,588. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 531 531 0 PART II-B, LINE 1: THE HEARTHSTONE PAYS MEMBERSHIP DUES TO LEADINGAGE NATIONAL AND LEADINGAGE WASHINGTON, A PORTION OF WHICH ARE USED FOR LOBBYING. 0 1 X 8023820 8023820 76343300 35862963 40480337 12697779 9785505 2912274 547244 547244 51963675 LAND PAYABLE - REMEDIATION OBLIGATION 1570837 ACCRUED INTEREST 850013 2420850 21280261 -11113 -11113 21291374 82406 404874 487280 21778654 28233733 0 28233733 82406 246191 328597 28562330 PART IV, LINE 2B: THE ORGANIZATION HOLDS WAIT LIST DEPOSITS FOR INDIVIDUALS WHO WANT TO ACCESS FUTURE ENTRANCE TO THE FACILITY. THE DEPOSITS ARE RETURNED TO INDIVIDUALS WHO WISH TO REMOVE THEMSELVES FROM THE WAIT LIST. WHILE BEING HELD, THE FUNDS ARE INVESTED. THE ORGANIZATION HOLDS PARTIALLY REFUNDABLE ENTRANCE FEES FOR RESIDENTS LIVING IN OUR FACILITY. DEPENDING ON THE ENTRANCE FEE CONTRACT EACH RESIDENT USES, 90%, 80%, 50%, OR 0% OF THEIR FEES WILL EVENTUALLY BE REFUNDED TO THE RESIDENT OR THEIR ESTATE. IN ADDITION, AN INDIVIDUAL CAN RECEIVE A PARTIAL REFUND OF THEIR ENTRANCE FEE IF THEY LEAVE THE FACILITY WITHIN FOUR YEARS OF ENTRANCE. WHILE BEING HELD, FUNDS ARE INVESTED. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN LAND REMEDIATION PAYABLE ESTIMATE 158,683. RESIDENT ASSISTANCE REPORTED ON PART IX 246,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE REPORTED ON PART IX 246,191. 1 RESIDENT ASSISTANCE 6 246191 COST REDUCTION TO QUALIFYING RESIDENT ACCOUNTS PART I, LINE 2: THE ORGANIZATION PROVIDES SERVICES TO RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. ASSISTANCE IS PROVIDED TO HELP COVER ROOM AND BOARD, MEDICAL CARE, AND PRESCRIPTIONS. THE AMOUNT REPORTED AS GRANTS CONSTITUTES THE VALUE OF THESE SERVICES. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 REGGIE MULLIS CHIEF EXECUTIVE OFFICER 280074 0 1200 0 0 0 9170 0 23882 0 314326 0 0 0 JEREMIAS RAMIREZ REGISTERED NURSE 187270 0 90 0 0 0 9485 0 24009 0 220854 0 0 0 STACY MESAROS SENIOR HEALTH SERVICES DIRECTOR 182065 0 3657 0 0 0 0 0 21125 0 206847 0 0 0 DONALD MAY CHIEF FINANCIAL OFFICER 155765 0 2700 0 0 0 0 0 12601 0 171066 0 0 0 ANTHONY BAE LICENSED PRACTICAL NURSE 141368 0 30 0 0 0 4341 0 21200 0 166939 0 0 0 EMILIANA CUPAT DIRECTOR OF NURSING 128171 0 8790 0 0 0 4898 0 20558 0 162417 0 0 0 PART I, LINE 1A THE CFO LIVES OUT OF STATE AND STAYS IN ONE OF THE VACANT UNITS WHILE WORKING ON SITE. THIS WAS NOT TREATED AS A TAXABLE COMPENSATION. PART I, LINE 4A ROSIE VELASCO, CHIEF HEALTH CARE OFFICER, RECEIVED SEVERANCE PAYMENTS OF $50,036 IN 2024. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783WS1 2018-06-28 45700955 REFUND SERIES 2013 BONDS; DEVELOP THE COVES, 2 NEW INDEPENDENT LIVING BLDGS 0 0 0 A 11630000 45700955 1072000 20487000 24219464 2019 1 0 1 1 A 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON STATE HOUSING FINANCE COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 02/29/2024 FORM 990, PART I, LINE 6: WE ESTIMATED THE TOTAL VOLUNTEER COUNT AS THE NUMBER OF BOARD MEMBERS PLUS AN ADDITIONAL 4 PEOPLE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION UTILIZED SODEXO TO PROVIDE DINING, MAINTENANCE, AND MANAGEMENT SERVICES. SODEXO PROVIDES MANAGEMENT SUPPORT FOR TWO DEPARTMENTS: DINING AND FACILITIES. IN THE DINING DEPARTMENT, SODEXO PROVIDES THE OPERATIONS MANAGER AND DINING ROOM MANAGER. IN THE FACILITIES DEPARTMENT, SODEXO PROVIDES THE MAINTENANCE MANAGER AND ASSISTANT MANAGER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP IS MADE UP OF BETWEEN EIGHT AND FIFTEEN CONGREGATIONS FROM THE NORTHWEST WASHINGTON SYNOD OF THE EVANGELICAL LUTHERAN CHURCH OF AMERICA AND THE NORTHWEST DISTRICT, LUTHERAN CHURCH - MISSOURI SYNOD (COLLECTIVELY, THE "JURISDICTIONAL UNITS"). CONGREGATIONS, AT LEAST TWO OF WHICH SHALL COME FROM EACH OF THE JURISDICTIONAL UNITS, ARE ADMITTED TO MEMBERSHIP UPON APPLICATION APPROVED BY A MAJORITY OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT ALL FULL-TERM BOARD POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WILL BE REVIEWED BY THE HEARTHSTONE'S CFO, ACCOUNTING CONTROLLER, AND THE BOARD OF TRUSTEE'S AUDIT AND FINANCE COMMITTEE. ALL OTHER BOARD MEMBERS WERE PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C KEY MANAGERS AND BOARD MEMBERS ARE REQUIRED TO SIGN STATEMENTS ANNUALLY. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS IMMEDIATELY AS THEY ARISE. BOTH MANAGEMENT AND THE BOARD ARE SENSITIVE TO THIS ISSUE AND ARE EXPECTED TO CONTINUOUSLY MONITOR SITUATIONS FOR POSSIBLE CONFLICTS. AN INDIVIDUAL WITH A CONFLICT OF INTEREST IS ALLOWED TO ANSWER QUESTIONS BUT IS NOT PERMITTED TO VOTE ON THE MATTER. THE STATEMENTS ARE REVIEWED EACH YEAR AS PART OF CORPORATE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS SET USING THE FOLLOWING PROCESS WHEN THE CEO WAS HIRED IN 2021. THE CHIEF HUMAN RESOURCES OFFICER PROVIDED A REPORT TO THE CHAIR OF THE BOARD OF TRUSTEES USING DATA FROM COMPENSATION SURVEYS, AS WELL AS THE CPI FOR THE SEATTLE AREA, TO DETERMINE AN APPROPRIATE SALARY RANGE FOR THE CEO. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWED THE REPORT AND MADE A RECOMMENDATION TO THE FULL BOARD. THE BOARD COMPARED SALARIES WITH SIMILAR ORGANIZATIONS AND MADE THE FINAL DECISION ON CEO COMPENSATION. ANNUAL INCREASES ARE DETERMINED BY THE BOARD BASED ON ANNUAL PERFORMANCE EVALUATIONS. THE CHIEF HUMAN RESOURCES OFFICER PROVIDES A REPORT USING DATA FROM COMPENSATION SURVEYS, AS WELL AS THE CPI FOR THE SEATTLE AREA, TO DETERMINE AN APPROPRIATE SALARY RANGE FOR THE OTHER OFFICERS AND KEY EMPLOYEES. THE REPORT IS REVIEWED AND DISCUSSED BY THE ADMINISTRATOR, CFO AND CEO. THE CEO MAKES THE FINAL DECISION FOR COMPENSATION AMOUNTS. ANNUAL INCREASES ARE BASED ON ANNUAL PERFORMANCE EVALUATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN LAND REMEDIATION PAYABLE ESTIMATE -472,815. FORM 990, PART XII: WHILE THE LUTHERAN RETIREMENT HOME OF GREATER SEATTLE, DBA HEARTHSTONE, UNDERWENT A FINANCIAL STATEMENT AUDIT FOR THE YEAR ENDED DECEMBER 31, 2024, THE AUDITED FINANCIAL STATEMENTS WERE IN DRAFT FORM AND NOT YET ISSUED AT THE TIME OF THE FORM 990 FILING. THE HEARTHSTONE FOUNDATION 6720 EAST GREEN LAKE WAY NORTH SEATTLE WA 98103 934642037 FUNDRAISING WA 501(C)(3) LINE 7 LUTHERAN RETIREMENT HOME OF GREATER SEATTLE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0