Overview
What is Heron's Key?
Heron's Key is a not-for-profit, mission-driven senior living community in Gig Harbor, Washington, with approximately 252 residents in 194 apartments. They offer a continuum of living accommodations, supportive services, and healthcare for individuals aged 55 and older. The community is committed to fulfilling its mission of service while staying true to core values such as integrity, stewardship, empowerment, faith, change, and choice. Heron's Key provides a variety of quality programs, services, and facilities to cater to residents' health, social, spiritual, and intellectual needs. Residents have access to amenities like a central dining room for meal services, fitness and exercise classes, an on-site clinic, wellness programs, social events, and transportation to medical appointments, grocery stores, banks, and special activities. All residents have unlimited access to assisted living and skilled nursing healthcare services. The organization was financed with bonds issued by the Washington State Housing Finance Commission and is not eligible for tax-payer funded public assistance programs. Heron's Key provides financial assistance to residents who cannot pay their monthly service fees and invests excess revenues to ensure contractual obligations are met. The community fosters opportunities for residents and staff to interact within Heron's Key, the local Gig Harbor community, and beyond through partnerships with community facilities and outreach programs. Heron's Key recruits, develops, and retains competent and caring staff who share the organization's principles, values, and standards. The Board of Directors, consisting of local community members and residents, oversees the community's high standards of excellence and financial stability.
Official website here: www.heronskey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Heron's Key has earned a Three-Star rating from Charity Navigator with an overall score of 81%. This rating reflects strong performance primarily in the Accountability & Finance category. The organization demonstrates a commitment to transparency and ethical governance, as evidenced by its independent board members and comprehensive financial oversight, scoring full points across several key metrics.
The organization boasts a robust structure with 100% independent board members and a strong financial management framework, scoring high on aspects such as conflict of interest and whistleblower policies. Additionally, Heron's Key effectively utilizes its resources, with a program expense ratio of 80.69%, indicating a significant portion of funds is directed towards its programs and services.
However, while the organization shows strengths in these areas, the single beacon score means there is limited insight into other operational aspects. Potential donors and stakeholders may want to consider this when evaluating the overall impact and effectiveness of Heron's Key in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Heron's Key?
76% of 11 reviewers on Facebook recommend Heron's Key. Here is a summary of their reviews:
Many commenters appreciate the innovative approach of Heron's Key, highlighting the thoughtful combination of living needs that the nonprofit provides. Users find the concept beneficial and express enthusiasm for the future of such initiatives, emphasizing that they are pleased to be a part of this progressive movement.
Overall, the sentiment leans positive, as supporters commend the organization's vision and efforts in creating a supportive living environment. Despite the mixed recommendations, those in favor resonate with the organization's mission and the exceptional services it offers.
This AI summary has been generated from reviews found on Facebook.
Is Heron's Key legitimate?
Heron's Key is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heron's Key submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,355,213
For more financial information, click here
Official website here: www.heronskey.org
What is the mission statement of Heron's Key?
Heron's Key is a not-for-profit, non-denominational retirement community dedicated to providing a range of living accommodations, supportive services, and healthcare for residents aged 55 and above. The organization's mission is to serve the health, social, spiritual, and intellectual needs of its residents and the broader community. Operated with a commitment to integrity, stewardship, empowerment, faith, change, and choice, Heron's Key's Board of Directors consists of local community members and residents, all dedicated to maintaining its high standards of excellence and financial stability. The community offers a variety of programs, services, and facilities to enhance the quality of life for its senior residents.
Official website here: www.heronskey.org
Who is the CEO of Heron's Key?
Lisa Hardy is the President & Ceo of Heron's Key. The CEO's salary of Heron's Key is $0 and their total compensation is $686,311.
Official website here: www.heronskey.org
What is the revenue of Heron's Key?
Heron's Key's revenue in 2022 was $13,896,246.
Official website here: www.heronskey.org
Who are the executives of Heron's Key and what are their salaries?
The average compensation at Heron's Key during 2022 was $28,958. There are 254 employees and 12 volunteers at Heron's Key.
Here are 21 key members and their salaries (Heron's Key's CEO's salary is $0 and their total compensation is $686,311):
- Compensation: $0
- Related: $598,770
- Other: $87,541
- Compensation: $0
- Related: $237,347
- Other: $19,778
- Compensation: $0
- Related: $212,882
- Other: $14,105
- Compensation: $152,019
- Related: $0
- Other: $25,266
- Compensation: $138,962
- Related: $0
- Other: $10,384
- Compensation: $124,111
- Related: $0
- Other: $8,577
- Compensation: $105,568
- Related: $0
- Other: $7,274
- Compensation: $105,387
- Related: $0
- Other: $5,983
- Compensation: $0
- Related: $76,341
- Other: $1,096
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.heronskey.org
Where can I find the form 990 for Heron's Key?
Heron's Key's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heronskey.org
Learn more at the official website: www.heronskey.org
Mission Statement of Heron's Key
Heron's Key, a not-for-profit and non-denominational life plan retirement community, is dedicated to providing a continuum of living accommodations, supportive services, and healthcare for residents aged 55 and above. This community, known for its high standards of excellence, endeavors to meet the health, social, spiritual, and intellectual needs of its residents while serving the broader community. Heron's Key's mission is driven by a commitment to integrity, stewardship, empowerment, faith, change, and choice.
The Board of Directors, comprised of local community members and Heron's Key residents, is instrumental in overseeing the organization's operations and ensuring it continues to maintain its high standards while remaining financially sound. Heron's Key's programs, services, and facilities are designed to cater to the diverse needs of its residents, fostering an environment that nurtures their well-being and encourages personal growth. The community's commitment to service and its core values permeates every aspect of its operations, creating a vibrant and engaging atmosphere that enhances the lives of its residents.
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Impact
October, 2024
Heron's Key significantly impacts the community by providing a secure and supportive environment for approximately 252 independent living residents within its 194 apartments. This life plan retirement community fosters a holistic approach to senior living, addressing not only the residential needs but also the health and social well-being of its residents. Through various support services—including central meal services, fitness classes, on-site wellness programs, and transportation for medical appointments and activities—Heron’s Key enhances the quality of life for seniors.
Additionally, the community ensures residents have access to assisted living and skilled nursing care, should they require more support in the future. This continuum of care allows individuals to age in place with dignity, minimizing the distress often associated with transitioning to different levels of care.
Heron's Key also emphasizes community engagement, fostering connections between residents and the broader Gig Harbor area. By establishing partnerships with local organizations and facilitating outreach programs, it strengthens ties within the community. Furthermore, the organization prioritizes workforce development, recruiting and retaining qualified staff who embody its values, thus ensuring a caring and competent atmosphere for residents.
By maintaining a mission-driven approach and investing any surplus revenue back into the community and its services, Heron's Key helps to secure a sustainable future for its residents, promoting not only their individual well-being but also enhancing the overall fabric of the community in which it operates.
This information is meant to be a general summary of Heron's Key. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$74,333
- Program Service Revenue: $23,314,276
- Gross Receipts: $25,430,142
Assets and Liabilities:
- Total Assets: $131,461,991
- Total Liabilities: $173,412,742
- Net Assets: -$41,950,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY MAINTENANCE FE
Revenue
$16,517,812
ENTRANCE FEES EARNED
Revenue
$4,178,705
HEALTH SERVICES
Revenue
$1,688,516
MEALS & OTHER SERVICES
Revenue
$929,243
Organization Details
Founding Year
2013
Phone
(425) 556-8100Principal Officer
Lisa Hardy
Main Address
10901 176TH CIRCLE NE, REDMOND, WA, 98052
Website
www.heronskey.orgNTEE Category
Code: L20 - Housing
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