Overview
What is Horizon House?
Horizon House is a Seattle-based, not-for-profit retirement community founded in 1961. With approximately 540 residents and a staff of 200, it offers both independent living apartments and assisted living health care apartments. The organization's mission revolves around dignified aging, life fulfillment, and community service. Comprehensive health services and educational classes, along with numerous social and cultural events, are provided on-site. Horizon House's board of trustees, consisting of community leaders, governs the organization, and a three-member executive team manages its administrative leadership. Throughout the years, Horizon House has embodied a strong commitment to social accountability and community outreach. In 2022, the organization made charitable care contributions of $493,778, provided assistance to employees in need, and donated to various community not-for-profit groups. Additionally, Horizon House is a member of several non-profit associations and manages a community grants program, contributing a significant amount to organizations supporting older adults. Residents volunteered over 1,000 hours to community non-profits pre-COVID-19, and the total charitable donations in 2022 reached $1.1 million. Overall, Horizon House fosters a vibrant community where residents engage in purposeful living and contribute to the betterment of the broader community.
Official website here: www.horizonhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Horizon House earns a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived solely from the Accountability & Finance beacon, where the organization has excelled, particularly with an impressive program expense ratio of 86.38%. This highlights its commitment to directing funds towards its programs rather than administrative costs.
The organization showcases strong governance, with a fully independent board comprised of 13 members and no noted material diversions of assets. Additional strengths include comprehensive policies on conflicts of interest, whistleblower protections, and thorough documentation practices to ensure transparency. These elements contribute to a robust financial oversight structure.
While Horizon House demonstrates commendable accountability, the rating suggests that there may be opportunities for improvement in other areas that are not captured by the current scoring methodology. However, its high scores in key accountability metrics underscore its dedication to responsible management and transparency, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Horizon House legitimate?
Horizon House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horizon House 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: $995,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,280,131
For more financial information, click here
Official website here: www.horizonhouse.org
What is the mission statement of Horizon House?
Horizon House is a dynamic retirement community dedicated to dignified aging, life fulfillment, and service to the broader community. The mission of this not-for-profit organization is to enhance wellbeing through purposeful living in a diverse community. The power of resident-driven community is harnessed to support residents and those in need. Horizon House, founded in 1961, has a long-standing commitment to social accountability. This commitment is demonstrated through charitable care for residents, donations to community not-for-profits, and volunteer hours. The organization provides comprehensive health services and educational classes, ensuring residents can age with dignity. The board of trustees, composed of professionals, governs Horizon House, and a three-member executive team manages its administrative leadership. Horizon House supports older adults through community grants, totaling $67,250 in 2022.
Official website here: www.horizonhouse.org
Who is the CEO of Horizon House?
R Michael Ostrem is the Ceo of Horizon House. The CEO's salary of Horizon House is $452,076 and their total compensation is $478,118.
Official website here: www.horizonhouse.org
What is the revenue of Horizon House?
Horizon House's revenue in 2022 was $37,062,160.
Official website here: www.horizonhouse.org
Who are the executives of Horizon House and what are their salaries?
The average compensation at Horizon House during 2022 was $51,795. There are 237 employees and 13 volunteers at Horizon House.
Here are 21 key members and their salaries (Horizon House's CEO's salary is $452,076 and their total compensation is $478,118):
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- Compensation: $452,076
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- Other: $26,042
- Compensation: $222,064
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- Other: $21,744
- Compensation: $246,206
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- Other: $27,084
- Compensation: $176,867
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- Other: $18,821
- Compensation: $153,029
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- Other: $17,794
- Compensation: $185,713
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- Other: $11,516
- Compensation: $178,822
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- Other: $21,895
- Compensation: $144,241
- Related: $0
- Other: $16,561
Official website here: www.horizonhouse.org
Where can I find the form 990 for Horizon House?
Horizon House's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.horizonhouse.org
Learn more at the official website: www.horizonhouse.org
Mission Statement of Horizon House
Horizon House, a not-for-profit retirement community dedicated to dignified aging, life fulfillment, and service to the broader community, has been committed to social justice, community outreach, and social accountability since its founding in 1961. This purposeful living community, located in downtown Seattle, was established by civic leaders and members of the United Church of Christ, who envisioned a place where residents could thrive and give back to those in need.
With a mission to enhance wellbeing in a diverse community through the power of resident-driven initiatives, Horizon House is home to approximately 540 residents and a staff of 200. The community offers comprehensive health services, including wellness and exercise programs, rehabilitation therapy, medical and dental clinics, home care, and assisted and nursing care, as well as educational classes and numerous social and cultural events. Horizon House is governed by a board of trustees and an executive team who are dedicated to ensuring the best possible living experience for its residents.
Horizon House's commitment to social accountability extends beyond its own community. In 2022, the organization provided charitable care for residents unable to pay, donated funds to local non-profit groups, and volunteered countless hours to various organizations. These acts of kindness and generosity, made possible by the support of Horizon House's residents, families, vendors, and staff, reflect the organization's unwavering dedication to making a positive impact on the lives of older adults and the broader community.
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Impact
October, 2024
Horizon House significantly enhances well-being by fostering a diverse community centered around purposeful living. The community cultivates a resident-driven environment that not only prioritizes dignified aging and life fulfillment, but also actively engages in social accountability.
In its commitment to its residents, Horizon House provides essential care and support, exemplified by the $493,778 in charitable care distributed to residents unable to pay. This assistance helps them maintain their residency without the need for government aid. Additionally, the community has allocated funds to assist employees in need, reinforcing a strong supportive network within the organization.
Horizon House extends its impact beyond its walls through charitable contributions and community outreach. In 2022, it donated a total of $67,250 to various non-profit organizations dedicated to supporting older adults. The community's commitment to honoring deceased residents through donations to other groups also reflects its values of remembrance and social justice.
The residents themselves play a vital role in these outreach efforts, volunteering time and skills to community nonprofits, although engagement faced challenges during the pandemic. Nonetheless, the spirit of giving and service remains strong, with volunteers dedicating their efforts to enhance the lives of others.
Overall, Horizon House’s deep-rooted commitment to social accountability, community service, and dignified aging creates a vibrant atmosphere that enriches the lives of residents and extends valuable support to the broader Seattle community.
This information is meant to be a general summary of Horizon House. 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: $1,356,369
- Program Service Revenue: $32,039,518
- Gross Receipts: $123,472,086
Assets and Liabilities:
- Total Assets: $216,369,595
- Total Liabilities: $173,325,884
- Net Assets: $43,043,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENCE FEES
Revenue
$13,466,922
HEALTH CARE PROGRAM
Revenue
$8,729,269
ENTRANCE FEES
Revenue
$7,896,719
DIETARY
Revenue
$1,642,767
OTHER ANCILLARY SERVICES
Revenue
$303,841
Organization Details
Founding Year
1960
Phone
(206) 382-3721Principal Officer
R Michael Ostrem
Main Address
900 UNIVERSITY STREET, SEATTLE, WA, 98101
Website
www.horizonhouse.orgNTEE Category
Code: P750 - Human services
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