Presbyterian Retirement Communities Northwest
86% goes to programs $0 to raise $100 Thin reserves
Presbyterian Retirement Communities Northwest is a 501(c)(3) organization based in Bellevue, Washington, registered in 1960, with $80,038,151 in FY2023 revenue. CharityIndex grades it C, and it directs about 86% of spending to programs.
11980 112th Ave Ste 210, Bellevue, WA, 98004 EIN 91-0666887 Since 1960
Revenue (FY2023)
$80.0M
▼ 44.1% vs prior year
Human Services median: $293K
Expenses (FY2023)
$112.7M
Net assets
-$211.4M
Employees
1,110
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Presbyterian Retirement Communities Northwest: 86% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Presbyterian Retirement Communities Northwest: 0 mo reserves · -41% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Presbyterian Retirement Communities Northwest: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Presbyterian Retirement Communities Northwest: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
A faith-based organization supporting communities and services that celebrate and enrich lives.
Contact & location
- Address
- 11980 112th Ave Ste 210, Bellevue, WA, 98004
- City
- Bellevue
- State
- Washington
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.8M (FY2013) to $80.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $708.9MNet assets -$211.4M
Operating margin
-40.8%
Spent more than it raised in the latest fiscal year.
Total assets
$497.5M
Total liabilities
$708.9M
Net assets
-$211.4M
Salaries & benefits
$33.9M
30% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $80,038,151▼44.1% | $112,678,389 | -$211,430,756▼16.4% | $497,451,994▼5.3% | 990 |
| 2022 | $143,061,728▲58.8% | $112,655,007▼1.7% | -$181,633,859▼17.7% | $525,225,607▼0.9% | 990 |
| 2021 | $90,087,367▲3.6% | $114,657,767▲16.4% | -$154,304,355▼45.4% | $529,987,118▼10.1% | 990 |
| 2020 | $86,965,439▲11.1% | $98,542,867▲6.9% | -$106,158,224▼11.6% | $589,407,305▼2.1% | 990 |
| 2019 | $78,278,510▲0.8% | $92,161,566▲3.3% | -$95,125,712▼28.4% | $601,934,836▲36.5% | 990 |
| 2018 | $77,657,494▲2.9% | $89,203,430▲7.3% | -$74,079,161▼26.6% | $440,915,477▼1.0% | 990 |
| 2017 | $75,447,609▲19.3% | $83,159,179▲13.3% | -$58,528,047▼5.2% | $445,189,575▲0.5% | 990 |
| 2016 | $63,222,964▼11.4% | $73,389,089▲32.0% | -$55,647,641▼117% | $442,845,807▲72.1% | 990 |
| 2015 | $71,324,745▲60.0% | $55,614,305▲12.7% | -$25,674,575▲38.2% | $257,250,302▲7.9% | 990 |
| 2014 | $44,572,846▲4.2% | $49,326,089▲4.0% | -$41,522,698▼10.4% | $238,500,340▲0.2% | 990 |
| 2013 | $42,774,700 | $47,430,365▼2.4% | -$37,618,087▼14.7% | $237,940,941▼3.0% | 990 |
| 2012 | — | $48,599,471▲3.3% | -$32,808,137▼17.3% | $245,356,010▼5.2% | 990 |
| 2011 | — | $47,029,242▲6.7% | -$27,959,006▼68.7% | $258,689,786▼2.3% | 990 |
| 2010 | — | $44,080,147▲4.0% | -$16,573,358▼187% | $264,766,167▼5.3% | 990 |
| 2009 | — | $42,394,428 | -$5,764,797 | $279,527,548 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Torsten Hirche — $808,519 (0.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Torsten Hirche | President & Ceo | 1 | $808,519 |
| Michael Connell | Treasurer & Cfo | 1 | $452,069 |
| Ken Noreen | Vp of Ccrc's | 40 | $320,118 |
| Kimberly Henderson | Vp of Finance & Accounting | 40 | $192,917 |
| Laurie Sykes | Vp of Operations | 40 | $164,949 |
| Harold Knight | Svp of Strategy and Partnerships | 20 | $147,906 |
| Ted Macbeth | Vp Real Estate Development | 20 | $95,064 |
| Michele Luke | Secretary | 1 | $69,592 |
| Barb Bennett | Director | 0.1 | — |
| Cathy Danigelis | Director | 0.1 | — |
| Greg Russell | Director & Vice Chair | 0.1 | — |
| Jesse Bond | Vice Chair & Chair | 0.1 | — |
| Jim Melhorn | Director | 0.1 | — |
| Joy Moore | Director | 0.1 | — |
| Kathi Lentzsch | Director | 0.1 | — |
| Lisa Nelson | Director | 0.1 | — |
| Mary Wagner | Chair & Director | 0.1 | — |
| Scott Lumsden | Director | 0.1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ark Building Solutions | Construction | $2,129,943 |
| King's Carpet Flooring LLC | Flooring | $1,443,359 |
| Perkins Eastman Architects Dpc | Architectural Services | $961,820 |
| Consonus Rehab | Rehabilitation/therapists | $816,389 |
| Laz Karp Associates LLC | Parking Management | $643,118 |
Grants made · $173K in FY2023
1 grant totaling $173K in FY2023. All grants made by Presbyterian Retirement Communities Northwest →
| Recipient | Purpose | Amount |
|---|---|---|
| Presbyterian Retirement Communities Northwest Foundation | General operating support | $173,200 |
Similar organizations in Human Services
Human Services
Young Mens Christian Association of Pierce and Kitsap Counties
Tacoma, WA
$84.1M
Aannual revenue
Human Services
Wesley Homes
Des Moines, WA
$75.8M
B+annual revenue
Human Services
Korean Womens Association
Lakewood, WA
$74.5M
A+annual revenue
Human Services
Childrens Home Society of Washington
Seattle, WA
$86.1M
Aannual revenue
Human Services
Opportunity Council
Bellingham, WA
$72.6M
Aannual revenue
Human Services
Lutheran Community Services Northwest
Tacoma, WA
$71.1M
B+annual revenue
Human Services
Hopelink
Redmond, WA
$90.3M
Aannual revenue
Human Services
Panorama
Lacey, WA
$65.3M
Aannual revenue
Human Services
Alpha Supported Living Services
Bothell, WA
$62.9M
Bannual revenue
- Human Services
Healthierhere
Seattle, WA
$59.1M
Bannual revenue
Compare Presbyterian Retirement Communities Northwest
Frequently asked questions
- Is Presbyterian Retirement Communities Northwest a legitimate nonprofit?
- Yes. Presbyterian Retirement Communities Northwest is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-0666887, based in Bellevue, Washington. Donations are tax-deductible.
- What is Presbyterian Retirement Communities Northwest's EIN?
- Presbyterian Retirement Communities Northwest's Employer Identification Number (EIN) is 91-0666887.
- How much revenue does Presbyterian Retirement Communities Northwest report?
- Presbyterian Retirement Communities Northwest reported $80,038,151 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Presbyterian Retirement Communities Northwest's spending goes to programs?
- Presbyterian Retirement Communities Northwest spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Presbyterian Retirement Communities Northwest have?
- CharityIndex grades Presbyterian Retirement Communities Northwest C, based on program efficiency and fundraising cost.
- How much does Presbyterian Retirement Communities Northwest's highest-paid employee make?
- The highest reported compensation on Presbyterian Retirement Communities Northwest's latest Form 990 is $808,519, paid to Torsten Hirche (President & Ceo).
More nonprofits in Bellevue
Explore more
Data for Presbyterian Retirement Communities Northwest (EIN 91-0666887) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.