Overview
What is Eastside Retirement Association?
The Eastside Retirement Association, also known as Emerald Heights, is a not-for-profit, mission-driven organization based in Redmond, Washington. It operates as a life plan retirement community, providing safe and secure senior housing and services for approximately 433 independent living residents. The organization, which consists of 333 apartments, offers a range of support services, including meal services, fitness and exercise classes, a swimming pool, and wellness programs. Residents have unlimited access to assisted living and skilled nursing healthcare. Emerald Heights was financed with bonds issued by the Washington State Housing Finance Commission and has set aside 25% of all units for lower-income households. As a Type A Extensive Contract Life Plan Retirement Community, residents are not eligible for tax-payer funded public assistance programs. The organization provides financial assistance to residents who cannot pay their monthly service fees and invests surplus revenues to meet all current and future obligations. Through joint resident/staff committees and collaborations with local community facilities, Emerald Heights aims to enrich the lives of its residents and the broader community. The organization employs competent and caring staff who share its principles and values and offers a wide range of programs, services, and facilities to meet the health, social, spiritual, and intellectual needs of its residents.
Official website here: www.emeraldheights.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
Eastside Retirement Association has received a solid Three-Star rating from Charity Navigator, indicating a generally positive assessment of its accountability and financial practices. The charity's score is driven entirely by its Accountability & Finance beacon, which reflects its commitment to transparency and effective use of resources.
The organization demonstrates strong governance, with a fully independent board, and has achieved perfect scores in several key areas, including financial oversight and conflict of interest policies. Additionally, a high program expense ratio of 86.61% suggests that a significant portion of funds is directed towards its mission-related activities.
However, there are some areas for improvement, particularly in its liabilities to assets ratio, which is 65.43%. This indicates a higher level of liabilities relative to its assets, a factor that could raise concerns about financial sustainability in the long term. Overall, while the Eastside Retirement Association shows strong accountability and financial health, addressing its liabilities could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Eastside Retirement Association legitimate?
Eastside Retirement Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastside Retirement Association 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: $11,880,242
For more financial information, click here
Official website here: www.emeraldheights.com
What is the mission statement of Eastside Retirement Association?
The Eastside Retirement Association operates as a not-for-profit, non-denominational life plan retirement community. Its mission is to provide a continuum of living accommodations, supportive services, and healthcare for residents aged 55 and above. The organization aims to meet the health, social, spiritual, and intellectual needs of its residents and serve the broader community. Eastside Retirement Association is committed to maintaining high standards of excellence while staying true to its core values, including integrity, stewardship, empowerment, faith, change, and choice. The association's board of directors, comprised of local community members, residents, and Heron's Key residents, is dedicated to ensuring the continuation of the organization's mission and financial stability.
Official website here: www.emeraldheights.com
Who is the CEO of Eastside Retirement Association?
Lisa Hardy is the CEO of Eastside Retirement Association The CEO's salary of Eastside Retirement Association is $0 and their total compensation is $659,072.
Official website here: www.emeraldheights.com
What is the revenue of Eastside Retirement Association?
Eastside Retirement Association's revenue in 2023 was $47,341,332.
Official website here: www.emeraldheights.com
Who are the executives of Eastside Retirement Association and what are their salaries?
The average compensation at Eastside Retirement Association during 2023 was $31,681. There are 375 employees and 12 volunteers at Eastside Retirement Association.
Here are 20 key members and their salaries (Eastside Retirement Association's CEO's salary is $0 and their total compensation is $659,072):
- Compensation: $0
- Related: $611,907
- Other: $47,165
- Compensation: $0
- Related: $315,555
- Other: $16,442
- Compensation: $0
- Related: $244,504
- Other: $22,135
- Compensation: $172,517
- Related: $0
- Other: $19,092
- Compensation: $174,600
- Related: $0
- Other: $16,407
- Compensation: $154,749
- Related: $0
- Other: $18,191
- Compensation: $146,256
- Related: $0
- Other: $18,521
- Compensation: $140,451
- Related: $0
- Other: $237
- 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
- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.emeraldheights.com
Where can I find the form 990 for Eastside Retirement Association?
Eastside Retirement Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.emeraldheights.com
Learn more at the official website: www.emeraldheights.com
Mission Statement of Eastside Retirement Association
Eastside Retirement Association, a not-for-profit, non-denominational organization, is dedicated to providing a continuum of living accommodations, supportive services, and healthcare for individuals 55 years of age and older. With a mission to serve and remain true to its core values, this life plan retirement community offers a wide range of programs, services, and facilities tailored to meet the health, social, spiritual, and intellectual needs of its residents.
Operated by Eastside Retirement Association, this community is governed by a board of directors composed of local community members, residents, and a representative from Heron's Key. These dedicated individuals work tirelessly to ensure the mission of the community is fulfilled and high standards of excellence are maintained. The board is committed to maintaining the financial stability of the organization while staying committed to its core values, including integrity, stewardship, empowerment, faith, change, and choice.
Eastside Retirement Association prides itself on providing a nurturing and supportive environment where residents can thrive. The community offers various activities and opportunities that cater to the diverse interests and needs of its residents, enabling them to live their best lives. The organization's commitment to its mission extends beyond its residents, as it also strives to serve the broader community by offering quality programs and services. With a focus on fostering a sense of belonging and enriching the lives of its members, Eastside Retirement Association truly embodies the essence of a vibrant and caring community.
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Impact
October, 2024
Eastside Retirement Association significantly impacts the lives of seniors by providing a vibrant and safe living environment at Emerald Heights, a Life Plan Retirement Community in Redmond, WA. Catering to approximately 433 independent living residents, the association offers a comprehensive suite of services designed to enhance overall well-being.
Residents benefit from independent living accommodations in 333 apartments, along with support services that include meal provisions in a communal dining setting, wellness programs, and fitness classes. These offerings promote a healthy lifestyle while facilitating social interaction and community building. The organization provides transportation for medical appointments, grocery shopping, and special activities, ensuring that residents remain engaged and connected.
Emerald Heights places a strong emphasis on holistic health, offering unlimited access to assisted living and skilled nursing care. This creates a seamless continuum of care that allows residents to maintain independence while being secure in the knowledge that additional assistance will be available as needed. Notably, 25% of all units are reserved for lower-income households, reflecting a commitment to accessibility and support for diverse financial situations.
The organization fosters strong community ties through collaborations with local facilities and schools, enhancing the residents' connection to the broader Redmond area. Staff members are carefully selected and trained to uphold the values of integrity, stewardship, and empowerment, ensuring a high standard of care and support.
Through its mission-driven approach, Eastside Retirement Association not only enriches the lives of its residents but also contributes positively to the wider community by promoting inclusivity and engagement among seniors.
This information is meant to be a general summary of Eastside Retirement Association. 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 2023.
- Investment Income: $2,812,166
- Program Service Revenue: $38,226,783
- Gross Receipts: $80,001,940
Assets and Liabilities:
- Total Assets: $231,812,858
- Total Liabilities: $151,678,076
- Net Assets: $80,134,782
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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
$20,362,965
ENTRANCE FEES
Revenue
$10,381,635
SKILLED NURSING SERVIC
Revenue
$3,050,215
ASSISTED LIVING
Revenue
$2,482,419
MEALS & OTHER SERVICES
Revenue
$1,949,549
Organization Details
Founding Year
1992
Principal Officer
Lisa Hardy
Website
www.emeraldheights.comNTEE Category
Code: P750 - Human services
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