2015 Northaven Annual Report

NORTHAVEN BOARD OF TRUSTEES
With 196 units of truly affordable
low-income senior housing
Roger M. Edmark, President
Kent Gregory
Eric E. Seeb, Treasurer
Jeanne H. Hayden
Theresa Peloso, Vice-President
and its continued commitment
Karen Themelis, Secretary
to serving seniors in assisted
living who cannot afford to pay,
Northaven provides a significant
housing safety net for seniors.
Art Works at Northaven
A
rt isn’t just a fun pastime. Art pulls our
residents out of isolation. It lowers anxiety
and depression in seniors with memory
loss. It even helps reduce the need for life-dulling
medications in certain residents. Northaven and its
partners are weaving art into our program to help
residents experiencing memory loss or dementia
and, just as importantly, to help others keep their
healthy brains longer.
With our partners — Taproot Theatre,
Elderwise, Silver Kite Community Arts, Music &
Memory Project, Eldergrow Horticulture Program
for Elders and artist Melissa Koch — and our own
Wellness Team, residents are dancing, painting,
listening to music, gardening and engaging in
improvisational theater.
G O -F U N D - M E
Northaven stepped into the world of crowd
funding with a Go-Fund-Me campaign for
emergency repairs to our assisted living
elevator. We raised almost $15,000 including
generous gifts from members of the Elevator
Constructors Union, Local 19 and from the
Union’s own fund.
Magda S. Hanna
JoAnn Shoemaker
Sarajane Siegfriedt
NORTHAVEN FOUNDATION BOARD OF DIRECTORS
Jana Helmuth, Chair
Michele Hamilton-Lane,
Vice Chair
Luke Hillier, Treasurer
Sarah Fisher
Jerrod Vinson
Darlene Storti
NORTHAVEN LEADERSHIP
Darlene Storti, Executive Director, Northaven
Mary Quarterman, BSN, RN, Director, Northaven Assisted Living
Bill Dorn, Director of Philanthropy
YOUR
INVESTMENT REPORT
THANK YOU TO LONG-SERVING BOARD MEMBERS
Northaven and its partners
are weaving art into our
program to help residents
experiencing memory loss
or dementia and, just as
importantly, to help others keep
Assisted Living Residents pitch in to raise money for the
elevator repair.
their healthy brains longer.
2015
Five long-time members of the Northaven Board
of Trustees completed their active service. They
will continue serving Northaven as Board Members
Emeriti. George DeBon, Sandi Keuss, Dorsey Harris,
Fred Utter and Hal Lauridsen have served Northaven
for a combined 165 years of service. Fred Utter was
one of our original founders. Wow! Their dedicated
service, passion for the mission, and example of
leadership at Northaven leaves an incredible legacy of
values and heart for us to follow. Thank You!
VISIT US ONLINE: northavenseniorliving.org
leadership message
N
orthaven is part of the solution to Seattle’s
growing housing affordability crisis.
Seniors are among those most displaced
by rapidly rising rents in the city. With 196 units of
truly affordable low-income senior housing and our
continued commitment to serving seniors in assisted
living who cannot afford to pay, Northaven provides
a significant housing safety net for seniors.
We are also well on our way to providing
additional housing on land we have secured adjacent
to our existing community. We are into the planning
and design process. Northaven will add more than
150 critically needed rental units to help address the
low-income housing shortage in Seattle.
Independent Living
extremely
low income
low income
46.3%
39.5%
very
low income
2015 financial summaries for the year ended december 31, 2015
CORPORATIONS AND ORGANIZATIONS
INDEPENDENT LIVING
ASSISTED LIVING
NORTHAVEN FOUNDATION
UP TO $250
Revenue
Rental..................................................................... $1,652,381
Service...................................................................... $463,286
Other............................................................................$64,479
Total Revenue.................................................... $2,180,146
Revenue
Rental..................................................................... $1,403,233
Grant from Foundation............................................. $115,000
Other............................................................................$13,891
Total Revenue.................................................... $1,532,124
Total Expenses................................................... $2,382,542
Change in Net Deficit............................................... -$202,398
Net Deficit at Beginning of Year............................... -$377,584
Net Deficit at the End of Year................................ -$579,982
Total Expenses................................................... $1,637,511
Change in Net Deficit............................................... -$105,387
Net Deficit at the End of the Year.......................... -$544,481
Revenue
Individuals & Corporations..........................................$78,178
Events..........................................................................$61,499
Interest/Dividends.........................................................$4,388
Investment Gains/Losses..............................................-$7,619
Total Revenue....................................................... $136,446
Fred Meyer Awards
Program
McGoorty Eisenman, Inc. PS
Olympic View
Community Church
PSR Mechanical
With a Little Help
$251–$500
Group Health Cooperative
International Union of
Elevator Constructors,
Local 19
Microsoft Employee Match
Morgan Mechanical, Inc
$501–$1,000
Beacon Development
Group
Boeing Employee Match
Family Resource
Home Care
The Seattle Foundation
$1,001–$5,000
Costco Employee
Matching Fund
Jana Helmuth, CPA
Mercury Pharmacy Services
Northaven Residents’
Council
Premera Blue Cross
Schemata Workshop
Umpqua Bank
VIA Architecture
Walsh Construction
Statement of Financial Position
Assets
Current...................................................................... $162,024
Tenant Security Deposits........................................... $105,310
Restricted Deposits................................................... $709,068
Property and Equipment........................................ $5,827,501
Loan Costs................................................................. $456,296
Total Assets........................................................ $7,260,199
Assisted Living
18.5%
38.5%
2015 donors
other
53.7%
have
less than
$2000
of assets
based on King County
income guidelines
Most of our seniors live on fixed incomes and
their resources are sometimes exhausted by medical
care, especially as they live longer. For many, we are
their last hope for housing as they age. We stand
between them and homelessness. We are committed
to providing them safe housing in an environment
that is dignified and gracious. We are committed to
providing high-quality services, coordination and
partnerships with other service providers to address
the often complicated health needs of our residents.
— Roger Edmark, President, Board of Trustees
Board Member and Umpqua Northgate Branch Manager, Jerrod
Vinson, presents Northaven with a check.
INDIVIDUAL
UP TO $250
Bruce Abas
Coenraad Abas &
Carol Taylor
Pamela Abas
Anne Ackenhusen
Barbara Anderson
Shawn Anderson
Ila Jean Anglin
Cheryl Anonson
Kathryn & James Anshutz
Rudolf Arndt
Helen and Larra Arriola
Sharon Babcock
Paul & Donna Baeder
Carol Barnes
Jim& Goldie Barnes
Tia Barrett
Eleanore Bauman
Nita Bixler
Steve Boulanger
Faye Bowman
Wayne & Barbara Bradford
Beth Braun
Julie Bremer
Robert & April Brown
Sandra Burns
Delores Bush
Elizabeth Buzzell-McKenzie
& Donald McKenzie
Sandy Carmichael Murphy
Marguerite Carpenter
Linda & Daniel Chase
Corian Clark
James Cunningham
& Caroline Christy
Tiffany & Tyler Colton
Orla Concannon
Carol Dahl
Art & Sue DePalma
Jeanne Dilcher
Margaret Dore
Eileen Doud
Dr. Stephen &
Gabrielle Dudley
Nancy Duryea
Shirley Duryea
Bobbi Dykema &
Rob Gardner
Brian Edmark
Joe Edmark
Jan Ellichman
Ann Emerson
Scott Erickson
Kaitlyn Farley
Don Felton
Pam Ferguson
Deirdre Fitzpatrick
Lowell & Barbara Flory
Bill Fulton
Tabitha Gadzuk
Carol Gilberts
Dee Gillespie
Lynn & Paul Gracy
Jackie Griffin
Nancy & Dr Earl Grout
Donald R. Gunderson
Irene Haddow
Phyllis Hardy
Dorsey & Phyllis Harris
Mary Harsila
Sabina Havkins
Mari Anne &
Laurence Hazen
Molly Helmuth
Kim & Greg Heuss
Lori Higa
Free & Melissa Hinton
Donald Horn
Karl House
Lisa Hull
Marlyce Hulse
John & Britta Hunt
Dorothy Johnson
Orlay Johnson &
Shirley Kronheim
Rae Ann Johnson
Kiki Kaloudis
Kolet & Steve Kaplowitz
Jerry Kaufman
Martha Kelly
Andria Kerkof
Terry Kesten
Michael Keuss
Geraldine Kinard
Sheila & Rod King
Liabilities
Current...................................................................... $282,925
Tenant Security Deposit...............................................$96,008
Long-Term.............................................................. $7,461,248
Total Liabilities.................................................. $7,840,181
Net Deficit................................................................ -$579,982
Total Liabilities and Net Deficit........................... $7,260,199
Gary & Maria Kirchberger
Howard & Paula Knopf
Kay Kohler
Alicia Kolbo
Alex Kosyuk
Lexi LaBare
Michele LaBare
Karol & Peter Lake
Denise & Don Lane
Swen Larson
Marguerite Laskares
Evelyn Leckron
Elizabeth Lemire
Barbara Leong
Ann LeVasseur
Ingrid Lewison
Zelma Lill
Jessica Livingston
Brian Lloyd
Jeri Lloyd
Riana M & John Looney
Lloyd Lorentzen
Juliet Louie
Carin Mack
Ann Mamallo
Jeanne Marker
Greta & Edward Marks
Maribeth Martin
Brad Mason
Ed Mason
Vicki & Kenneth G McNew
Joni Metcalf
Tina Meyer
Debbie & Michael Miller
Michael Milligan
Paul & Kathrine
Montgomery
Willy Mooyman
Nita & Doug Mortensen
Hanifah Murfin
Donna Murrish
Dave Muttillo
Roger Neale
Marjorie Nehring
Shirley Nelson
Linda Sue Nelson
Hanh Nguyen
Eldon Nickens
Janet S. & James
R. Nuessen
Cynthia & Jim O’Brien
Phillip & Annalee Oakes
Ertie Oei
Jean and Joe Okimoto
Mark and Yoko Olds
Betty Olsen
Janet Olson-Baker
Amy Paine
Elizabeth & George
Papageorge
Marilyn Pollack
Rita Pomareda
Dawn Porter
Vernon & Marjorie Portin
Bradley Portin &
Mark Wicks
Dave Rasche
Stephen Raymond
John & Sally Renn
Matt Rice
Mary Richter
Robert & Evelyn Ripley
Merrilee Robertson
Joe Robinson
Retta Rodal
Mark & Elizabeth
Rosenwinkel
Wolf & Leiani Saar
Gwendolyn Saucedo
Barbara Schielmann
Bruce Schmidtman
June Seeley
Arlene Sellereite
Statement of Financial Position
Assets
Current.........................................................................$26,300
Restricted Deposits......................................................$13,128
Property and Equipment........................................ $1,186,064
Total Assets........................................................ $1,225,492
Liabilities
Current...................................................................... $175,603
Tenant Security Deposit...............................................$17,000
Long-Term.............................................................. $1,577,370
Total Liabilities.................................................. $1,769,973
Net Deficit................................................................ -$544,481
Total Liabilities and Net Deficit........................... $1,225,492
Expenses
Operating.....................................................................$14,744
Events............................................................................$3,055
Administration.............................................................$48,977
Total Expenses........................................................ $66,776
Disbursements
Assisted Living Uncompensated............................... $115,000
Specific Projects.............................................................$1,685
Total Disbursements............................................. $116,685
Statement of Financial Position
Assets
Current...................................................................... $470,687
Fixed..............................................................................$1,059
Investments.............................................................. $195,089
Total Assets........................................................... $666,835
Total Liabilities..................................................... $450,000
Equity Fund Restricted.................................................... $300,000
Equity Fund Unrestricted.....................................................$2,700
Steve Shafer & Kelly
Nolan Shafer
Richard Shira
Cynthia Shulman
Bruce & Jean Sillers
Brent & Kathy Slattengren
Judie Smith
Steve Sorbo
Laura Southard
Erma Stengl
Edwin & Kathy Sterner
Andrew & Courtney Storti
Ken & Loretta Story
Floyd Strand
Martin Strand
Gayle Strother
Virginia Swale
Carlee Swayne
Dan & Gretchen Taflin
Stan Thomas
Marilyn Thompson
James & Barbara Tipton
Diane & Glen Travis
Norman Trostad
Mike & Sarah Tsoukalas
John Urbanski
Jerrod Vinson
Anthony Vnong
Leslie Vork
Susan Wagner
Kristina & Grant Walker
Mary Beth Walker
Kim & Jeff Wallis
Michael & Melissa
Weiland
Suzanne Weinheimer
Mary Wheeler
Jeanette Williamson
Rick Wilson
Steven Wood
Jane Worden
Raenelle & Bob Zumbo
Julie Zwink
$251–$500
Bonnie & Dan
Brian-Caldwell
Carol & Richard Chandler
Mary Beth Cunningham
George & Betty DeBon
Pauline & Daniel Doyle
Cheryl & Eric Emmer
Sarah & Kevin Fisher
Marcus & Lorna Forgey
Ethel Garrison
David Gilbertson
Deborah Gleeson
& Brian Smith
Dave Gordon
Terese Grady Moon
& Steve Moon
Cindy Harms
Sarah Hartley & David
Pocasangre
Virginia Harvey
Joe & Jennifer Hatfield
Molly Hoffman
David Horsey & Nole
Ann Ulrey-Horsey
Sally Johnson
Elsie Jorgensen
John Kook
Harriet & Steve Koscho
Bradford & Robin Kropp
Cheryl Lamey
Myrna Latschaw
Ardith & Fred Lupton
Gordon & Bobbie Meyer
Olivia Nolan Shafer
Robert & Catherine Oberg
Charles Rice
Todd & Janis Sandhop
Fred Sayer
Sarajane Siegfriedt
Wendy & Matt Simpson
Susan Skillman &
Phil Skillman
Gary & Rebecca
Streitmatter
Guy & Sylvia Thomsen
Mark & Karen Warner
Forrest Wilkinson
$501–$1,000
Anonymous
Marge & Chris Anderson
Maxine Bires
Virginia Blake
Elsa & David Bowman
William H. Dorn IV
& Norman Vork
Grace Edmark
Mike Erstad & Angela
St. Michael
Luke Hillier
Kathryn Kelly
Ann & Chuck Loomis
Northaven Staff
Ted Ormbrek
Marika Rausa
Tom & Kim Redmond
Keith & TC Richmond
Keith & Nola Russell
C. & Mary Sankaran
Eric Seeb
Jim & Lisa Seeb
Pete & Darlene Storti
Kelly & LeAnne Tanner
Susan Tuller & Anne Ross
Olive White
Jamie Williams
$1,001–$5,000
Mike Bang
Mark Belcher &
Caramel Gregory
Douglas & Carol Boseck
Merrilee Caldwell &
Marcus Randolph
Margaret DeSousa
Kent & Jeanne Gregory
Magda & George Hanna
Michael & Jana Helmuth
Debbie Juntunen
& Steve Evans
Sandra & Jeff Keuss
Carol Landis
Harold Lauridsen
Theresa Peloso &
Joe Sarullo
Mary & Jay Quarterman
Grace Roop
Joanne & Bill Shoemaker
Kathy & Greg Spring
Richard & Sigrid Strand
Karen & Tom Themelis
Bill & Judy Tsoukalas
Fred Utter
Susan Webeck &
Harry Little
Romayne Zanchi
$5,001–$10,000
Roger & Kathy Edmark
Douglas Lane & Michele
Hamilton-Lane
Bequest from the Estate
of Elizabeth Weed