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Norse Home

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910667588 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Norse Home?

Norse Home is a nonprofit organization situated in Seattle, Washington, with the postal address 5311 Phinney Avenue N, 98103. The primary mission of Norse Home is to promote dignified aging for seniors, offering a retirement community that cater to both independent and assisted living needs. They operate a facility containing 132 apartments, providing housing and healthcare services to its residents. The assisted living program at Norse Home is designed to meet the evolving needs of seniors as their capabilities change with the aging process. Beyond housing, Norse Home also offers related services to enhance the overall well-being of its senior community.


Official website here: www.norsehome.com

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.

Norse Home has achieved a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization demonstrates strong governance with 90% independent board members and a favorable liabilities to assets ratio, indicating financial stability. Its high program expense ratio of 90.85% suggests that a significant portion of its funds directly supports its mission.

However, the organization has a notable limitation regarding its whistleblower policy, which is currently missing. This could raise concerns about transparency and accountability in its operations. Nevertheless, Norse Home's commitment to listing essential governance documents and maintaining independence among board members positions it positively within the nonprofit sector.

Overall, while there are areas for improvement, particularly in policy documentation, Norse Home's financial practices and governance structure reflect a responsible approach to its charitable mission. The strong rating signifies trust for potential donors and stakeholders looking to support a transparent organization.


This AI summary has been generated from information found on Charity Navigator.

Is Norse Home legitimate?

Norse Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norse Home 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: $2,608,461

For more financial information, click here


Official website here: www.norsehome.com

What is the mission statement of Norse Home?

Norse Home is a non-profit senior living community committed to promoting dignified aging. As part of its mission, Norse Home operates an assisted living program that caters to the evolving needs of seniors as they experience age-related capabilities decline. The community provides housing, healthcare services, and related assistance to its residents through the operation of a retirement community, which features 132 apartments offering both independent and assisted living options.


Official website here: www.norsehome.com

Who is the CEO of Norse Home?

Mike Martin is the Administrator of Norse Home. The CEO's salary of Norse Home is $0 and their total compensation is $0.


Official website here: www.norsehome.com

What is the revenue of Norse Home?

Norse Home's revenue in 2022 was $4,505,700.


Official website here: www.norsehome.com

Who are the executives of Norse Home and what are their salaries?

There 2 volunteers at Norse Home.


Here are 14 key members and their salaries (Norse Home's CEO's salary is $0 and their total compensation is $0):


Torsten Hirche (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Connell (Treasurer & Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Martin (Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Luke (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Lumsden (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Wagner (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Bond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Danigelis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Iwanski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Melhorn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Russell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.norsehome.com

Where can I find the form 990 for Norse Home?

Norse Home's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.norsehome.com

Learn more at the official website: www.norsehome.com

Mission Statement of Norse Home

Norse Home, a non-profit senior living community, is dedicated to promoting dignified aging. As part of its mission, Norse Home offers an assisted living program that caters to the evolving needs of seniors as their capabilities diminish with the process of aging. The organization provides housing, healthcare, and related services to its residents through the operation of a retirement community that offers both independent and assisted living options, featuring 132 apartments.

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Impact




July, 2024

Norse Home positively impacts the lives of seniors in Seattle by providing a supportive and caring environment for dignified aging. Through its assisted living program and range of services, Norse Home helps seniors maintain their independence and quality of life as they age. The organization's dedication to meeting the needs of seniors as they navigate the challenges of aging contributes to the overall well-being and happiness of its residents.




This information is meant to be a general summary of Norse Home. 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.

Revenue
$4,505,700 (2022)
Expenses
$5,314,884 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8
  • Program Service Revenue: $4,371,314
  • Gross Receipts: $4,505,700

Assets and Liabilities:

  • Total Assets: $18,232,872
  • Total Liabilities: $1,064,536
  • Net Assets: $17,168,336

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT SERVICES

Revenue

$4,327,312

ANCILLARY SERVICES

Revenue

$44,002

Organization Details

Founding Year

1934

Principal Officer

Mike Martin

Main Address

5311 PHINNEY AVENUE N, SEATTLE, WA, 98103

NTEE Category

Code: P750 - Human services

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