Overview
What is Presbyterian Retirement Communities Northwest?
Presbyterian Retirement Communities Northwest (PRCN) is a faith-based, not-for-profit organization with a rich history of over 50 years in enhancing the lives of older adults. They offer a range of integrated services, including housing, community support, technology, philanthropy, and partnerships, to improve the living experience of seniors. PRCN's mission focuses on celebrating and enriching lives through their faith-based approach.
Official website here: www.transformingage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Presbyterian Retirement Communities Northwest has earned an 81% rating from Charity Navigator, highlighting its commitment to accountability and finance. The organization excels in governance, with a significant majority of its board members being independent, which is a positive indicator of its operational integrity.
The nonprofit has received full points in several categories, including its audit and oversight committee, conflict of interest policy, and transparency in financial reporting. These strengths suggest a robust framework for accountability, which is crucial for maintaining donor confidence and effective management of resources.
However, the organization has a notable downside in its liabilities to assets ratio, which stands at 129.11%. This raises some financial concerns, indicating that the organization may have more liabilities than assets, potentially impacting its long-term sustainability. Overall, while there are strong governance practices in place, the financial structure may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Retirement Communities Northwest legitimate?
Presbyterian Retirement Communities Northwest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Retirement Communities Northwest 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: $1,443,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,881,729
For more financial information, click here
Official website here: www.transformingage.org
What is the mission statement of Presbyterian Retirement Communities Northwest?
Presbyterian Retirement Communities Northwest (PRCN) is a faith-based, not-for-profit organization with a mission to enhance the lives of older adults. Through a combination of housing, community services, technology, philanthropy, and partnerships, PRCN aims to celebrate and enrich lives. The organization has been dedicated to this cause for over five decades. By integrating these essential elements, PRCN fosters vibrant communities that support seniors in their journey of aging. Their commitment to faith and the wellbeing of older adults is the driving force behind their mission.
Official website here: www.transformingage.org
Who is the CEO of Presbyterian Retirement Communities Northwest?
Torsten Hirche is the President & Ceo of Presbyterian Retirement Communities Northwest. The CEO's salary of Presbyterian Retirement Communities Northwest is $950,207 and their total compensation is $973,887.
Official website here: www.transformingage.org
What is the revenue of Presbyterian Retirement Communities Northwest?
Presbyterian Retirement Communities Northwest's revenue in 2022 was $90,087,367.
Official website here: www.transformingage.org
Who are the executives of Presbyterian Retirement Communities Northwest and what are their salaries?
The average compensation at Presbyterian Retirement Communities Northwest during 2022 was $32,703. There are 1019 employees and 10 volunteers at Presbyterian Retirement Communities Northwest.
Here are 18 key members and their salaries (Presbyterian Retirement Communities Northwest's CEO's salary is $950,207 and their total compensation is $973,887):
- Compensation: $950,207
- Related: $0
- Other: $23,680
- Compensation: $931,475
- Related: $0
- Other: $7,938
- Compensation: $309,004
- Related: $0
- Other: $20,645
- Compensation: $294,702
- Related: $0
- Other: $14,543
- Compensation: $293,896
- Related: $0
- Other: $4,727
- Compensation: $269,671
- Related: $0
- Other: $19,710
- Compensation: $250,197
- Related: $0
- Other: $12,080
- Compensation: $110,214
- Related: $0
- Other: $1,232
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.transformingage.org
Where can I find the form 990 for Presbyterian Retirement Communities Northwest?
Presbyterian Retirement Communities Northwest's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.transformingage.org
Learn more at the official website: www.transformingage.org
Mission Statement of Presbyterian Retirement Communities Northwest
Presbyterian Retirement Communities Northwest (PRCN) is a faith-based, not-for-profit organization that has dedicated over 50 years to enhancing the lives of older adults. This organization takes a holistic approach to serving its community, integrating housing, community services, technology, philanthropy, and partnerships. In simple terms, Presbyterian Retirement Communities Northwest strives to create vibrant, enriching environments for seniors, embodying its mission statement: A faith-based organization supporting communities and services that celebrate and enrich lives.
Through its commitment to faith and community, PRCN offers various programs and services tailored to the unique needs of older adults. It goes beyond the traditional senior living model by focusing on the whole person, ensuring their physical, emotional, and spiritual needs are met. The organization's housing solutions range from independent living to assisted living and skilled nursing care, allowing seniors to age in place with dignity and support.
The faith-based ethos of Presbyterian Retirement Communities Northwest extends beyond its housing offerings. Its community services aim to foster a sense of belonging and connection among its residents. Technology integration plays a crucial role in enhancing the overall senior living experience, ensuring residents have access to essential resources and tools for an enriched lifestyle. Philanthropy and partnerships further strengthen the organization's ability to provide top-notch services and care to older adults, ultimately enriching their lives and promoting a sense of purpose and fulfillment.
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Impact
October, 2024
Presbyterian Retirement Communities Northwest (PRCN) significantly enhances the quality of life for older adults by integrating housing, community services, and technology. With over 50 years of experience, PRCN fosters supportive environments that promote independence, wellbeing, and active engagement within the community. By leveraging philanthropy and partnerships, PRCN develops and implements services tailored to the unique needs of seniors, ensuring they have access to essential resources and opportunities for enrichment. Ultimately, PRCN's impact lies in its commitment to celebrating and enriching the lives of older adults, empowering them to thrive in a compassionate and supportive setting.
This information is meant to be a general summary of Presbyterian Retirement Communities Northwest. 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: $792,469
- Program Service Revenue: $77,140,205
- Gross Receipts: $94,905,992
Assets and Liabilities:
- Total Assets: $529,987,118
- Total Liabilities: $684,291,473
- Net Assets: -$154,304,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING
Revenue
$35,140,280
ASSISTED LIVING
Revenue
$17,646,892
HEALTHCARE
Revenue
$8,840,259
RESIDENT SERVICES
Revenue
$8,809,997
MEMORY CARE
Revenue
$4,425,677
Organization Details
Founding Year
1956
Phone
(425) 559-6301Principal Officer
Torsten Hirche
Main Address
1980 112TH AVENUE 210, BELLEVUE, WA, 98004
Website
www.transformingage.orgNTEE Category
Code: P750 - Human services
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