2024-08-14T11:22:48-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-10-01 943155152 DOWNTOWN ACTION TO SAVE HOUSING DOWN 4256469053 1980 112TH AVENUE NE 210 BELLEVUE WA 98004 MICHAEL CONNELL TREASURER & CFO 4256469053 2024-08-13 1 1 KURT BENNION CPA P01469618 4252506100 2024-08-13 2022 2024-08-08 14:25:15Z DASH TORSTEN HIRCHE 1980 112TH AVENUE NE 210 BELLEVUE WA 98004 11036593 0 X WWW.CIRCLIVING.ORG X 1991 WA CREATING AND PRESERVING AFFORDABLE COMMUNITIES FOR A VARIETY OF INCOME LEVELS WITH THE GOAL OF FINANCIAL ADVANCEMENT AND SUSTAINABILITY FOR INDIVIDUALS AND FAMILIES. 10 9 0 10 0 0 2750986 996153 8829742 11126472 242557 -304249 276446 -1296313 12099731 10522063 4447 0 0 0 3439334 3473039 0 0 0 6958911 9934696 10402692 13407735 1697039 -2885672 53960602 55995020 42996394 47923640 10964208 8071380 CREATING AND PRESERVING AFFORDABLE COMMUNITIES FOR A VARIETY OF INCOME LEVELS WITH THE GOAL OF FINANCIAL ADVANCEMENT AND SUSTAINABILITY FOR INDIVIDUALS AND FAMILIES. 0 0 11549291 0 11126472 AFFORDABLE HOUSING PROVIDED TO LOW- TO MODEST-INCOME FAMILIES AND SENIORS. 11549291 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 67 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X JACOB ANDERSON 4256469053 1980 112TH AVENUE NE 210 BELLEVUE WA 98004 X TORSTEN HIRCHE PRESIDENT & CEO 1.00 39.00 X X 0 944982 27682 MICHAEL CONNELL TREASURER & CFO 1.00 39.00 X 0 531886 20998 MICHELE LUKE SECRETARY 1.00 39.00 X 0 100350 5100 SCOTT LUMSDEN CHAIR & DIRECTOR 0.10 1.60 X X 0 0 0 MARY WAGNER VICE CHAIR & CHAIR 0.10 1.60 X X 0 0 0 JESSE BOND DIRECTOR & VICE CHAIR 0.10 1.60 X X 0 0 0 BARB BENNETT DIRECTOR 0.10 1.60 X 0 0 0 CATHY DANIGELIS DIRECTOR 0.10 1.60 X 0 0 0 JOHN IWANSKI DIRECTOR (THROUGH OCTOBER 2022) 0.10 1.60 X 0 0 0 JIM MELHORN DIRECTOR 0.10 1.60 X 0 0 0 KARIN MILLER DIRECTOR 0.10 1.60 X 0 0 0 LISA NELSON DIRECTOR 0.10 1.60 X 0 0 0 GREG RUSSELL DIRECTOR 0.10 1.60 X 0 0 0 0 1577218 53780 0 0 1 0 0 996153 996153 RENTAL INCOME 531110 10582920 10582920 ASSET MANAGEMENT FEES 531110 543552 543552 11126472 210281 210281 514530 -514530 -514530 -514530 MISCELLANEOUS INCOME 900099 1514302 1514302 INSURANCE LOSSES 900099 -2810615 -2810615 -1296313 10522063 11126472 0 -1600562 3060086 2259482 800604 2309 1527 782 288481 190744 97737 122163 80774 41389 19017 11586 7431 98800 60196 38604 861310 591878 269432 36200 22055 14145 92119 60909 31210 2718364 2705557 12807 1514076 1514054 22 2062569 2044210 18359 432739 422154 10585 OTHER EXPENSES 1703868 1260797 443071 HOUSING ADMIN EXPENSES 220624 145877 74747 BAD DEBT EXPENSE 171234 173715 -2481 MEDICAL EXPENSES 3776 3776 13407735 11549291 1858444 0 4370419 2637434 2551184 2102462 2020254 393939 4591523 5836099 157731 307847 81646763 37117679 38138788 44529084 1564102 5346 389054 177547 182809 53960602 55995020 3805661 2932022 7762 38295 171182 145629 38833345 44338440 178444 469254 42996394 47923640 X 10964208 8071380 10964208 8071380 53960602 55995020 X -2885672 138 -7294 X 0 1 X 1 0 X 35714 5758 2460378 2750986 996153 6248989 3755113 6464054 6645490 8829742 11126472 36820871 3790827 6469812 9105868 11580728 12122625 43069860 0 0 0 43069860 305528 308322 287842 242557 210281 1354530 305528 308322 287842 242557 210281 1354530 90938 221790 276446 1514302 2103476 4096355 6869072 9615500 12099731 13847208 46527866 0.92570 0.94440 0.02910 0.03950 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME PART III, COLUMN A: THE AMOUNTS REPORTED IN PART III, COLUMN A ARE FOR PERIOD THAT BEGAN ON JANUARY 1, 2019 AND ENDED ON SEPTEMBER 30, 2019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8777072 8777072 66707595 36438706 30268889 1082180 66434 1015746 5079916 612539 4467377 44529084 X 11055484 18891 514530 533421 10522063 0 10522063 13941015 18750 514530 533280 13407735 0 13407735 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RESIDENTIAL TENANTS. THE MONEY IS HELD IN INTEREST-BEARING BANK ACCOUNTS. SECURITY DEPOSITS ARE RETURNED, LESS REASONABLE COSTS FOR REPAIRS, WHEN THE TENANT VACATES THE PROPERTY. PART X, LINE 2: DASH QUALIFIES AS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES IN THE FINANCIAL STATEMENTS. DASH HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. GENERALLY, THE ORGANIZATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL INCOME TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE/TRANSFER 514,530. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE/TRANSFER 514,530. 0 0 0 0 0 0 0 0 0 TORSTEN HIRCHE PRESIDENT & CEO 0 746157 0 198825 0 0 0 12000 0 15682 0 972664 0 0 MICHAEL CONNELL TREASURER & CFO 0 531886 0 0 0 0 0 12000 0 8998 0 552884 0 0 PART I, LINE 3 THE FOLLOWING WERE USED BY TRANSFORMING AGE IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION X 1 996153 APPRAISED VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 ALL MANAGEMENT FUNCTIONS ARE PROVIDED BY EMPLOYEES OF PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST. FORM 990, PART VI, SECTION A, LINE 7A TRANSFORMING AGE'S BOARD OF DIRECTORS IS ALSO THE BOARD OF DIRECTORS OF DASH. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE VP OF FINANCE & ACCOUNTING AND THE CFO. IT WAS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND EMPLOYEES. ANNUALLY, THE CONFLICT OF INTEREST FORM IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND OFFICERS. THE PRESIDENT & CEO REVIEWS THE COMPLETED FORMS AND IDENTIFIES IF ANY CONFLICTS EXIST. ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST OF ANY GOVERNING BOARD MEMBER OR OFFICER SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD OR HIGHEST LEVEL OF MANAGEMENT (PRESIDENT & CEO) AND MADE A MATTER OF RECORD AT THE SOONEST POSSIBLE TIME. ANY GOVERNING BOARD MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THAT DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING, AND THE QUORUM. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEY TO ANNUALLY DETERMINE THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR CONDUCTING THE REVIEW OF OTHER OFFICERS' COMPENSATION. COMPENSATION WAS LAST REVIEWED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE OFFICERS THAT HAVE COMPENSATION PRESENTED IN PART VII, SECTION A OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO TRANSFORMING AGE AND ITS RELATED AND SUPPORTED AFFILIATES. THE ENTIRE TRANSFORMING AGE SYSTEM SERVES APPROXIMATELY 14,000 PEOPLE IN SENIOR AND AFFORDABLE HOUSING AND COMMUNITY-BASED SERVICES, EMPLOYS 2,100 EMPLOYEES, GENERATES $155 MILLION IN TOTAL ANNUAL REVENUE AND HAS $718 MILLION IN TOTAL ASSETS. FORM 990, PART XI, LINE 9: DISTRIBUTIONS -7,294. EVERGREEN COURT ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 912075074 AFFORDABLE HOUSING WA 955474 4320172 DOWNTOWN ACTION TO SAVE HOUSING EVERGREEN COURT DEVELOPMENT LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 464756912 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING PLUM COURT DEVELOPMENT LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 471078055 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING PLUM COURT HOUSING ASSOCIATES LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 912177127 AFFORDABLE HOUSING WA 609013 0 DOWNTOWN ACTION TO SAVE HOUSING SUMMERFIELD GP LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 475667967 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING DASH OPPORTUNITY PLACE GP LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 943155152 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING DASH DEVELOPMENT LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 943155152 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING ASHWOOD COURT DEVELOPMENT LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 464722811 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING HERONS ADMIN GP LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 814968626 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING HERON COMMUNITY REDEVELOPMENT LLLP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 814526950 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING COMMUNITY MANAGEMENT PARTNERS LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 861425330 MANAGEMENT SERVICES WA 660542 0 DOWNTOWN ACTION TO SAVE HOUSING SUMMERWOOD HOUSING LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 200598765 AFFORDABLE HOUSING WA 2969071 14088987 DOWNTOWN ACTION TO SAVE HOUSING WILD GARDEN HOUSING LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 202677586 AFFORDABLE HOUSING WA 2402481 11121785 DOWNTOWN ACTION TO SAVE HOUSING SNOHOMISH PORTFOLIO DASH NGP LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 821974356 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING KENMORE FAMILY ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911938421 AFFORDABLE HOUSING WA 612354 4608392 DOWNTOWN ACTION TO SAVE HOUSING KENMORE SENIOR ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911892332 AFFORDABLE HOUSING WA 438329 4538414 DOWNTOWN ACTION TO SAVE HOUSING MOUNTAIN VIEW FAMILY ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 912023311 AFFORDABLE HOUSING WA 624887 3128902 DOWNTOWN ACTION TO SAVE HOUSING WOODINVIEW FAMILY ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911958168 AFFORDABLE HOUSING WA 768504 3891636 DOWNTOWN ACTION TO SAVE HOUSING GREENBRIER PRESERVATION LLC 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 822182743 AFFORDABLE HOUSING WA 0 0 DOWNTOWN ACTION TO SAVE HOUSING WOODINVIEW SENIOR HOUSING ASSOCIATES LP 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911946571 AFFORDABLE HOUSING WA 556510 3018326 DOWNTOWN ACTION TO SAVE HOUSING PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 910666887 PROVIDE CARE FOR SENIORS WA 501(C)(3) LINE 10 TRANSFORMING AGE 0 PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOUNDATION 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 911586491 BENEFIT RESIDENT AND EMPLOYEES OF PRESBYTERIAN RETIREMENT COMMUNITIES NW WA 501(C)(3) LINE 12A, I TRANSFORMING AGE 0 FRED LIND MANOR 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 910579224 PROVIDE SENIOR SERVICES WA 501(C)(3) LINE 10 TRANSFORMING AGE 0 VASHON ISLAND COMMUNITY CARE 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 911703092 SENIOR LIVING WA 501(C)(3) LINE 10 PRESBYTERIAN RETIREMENT COMMUNITIES NW 0 FULL LIFE CARE 800 JEFFERSON STREET SUITE 620 SEATTLE WA 98104 911095588 SERVICES FOR THE ELDERLY WA 501(C)(3) LINE 7 TRANSFORMING AGE 0 CHRISTIAN RETIREMENT HOMES 6315 O STREET LINCOLN NE 68510 476041813 SENIOR LIVING NE 501(C)(3) LINE 10 TRANSFORMING AGE 0 EASTMONT TOWERS FOUNDATION 6315 O STREET LINCOLN NE 68510 911767080 BENEFITS RESIDENTS AND EMPLOYEES OF CHRISTIAN RETIREMENT HOMES NE 501(C)(3) LINE 10 TRANSFORMING AGE 0 GERMAN RETIREMNET HOME OF THE STATE OF WASHINGTON 11853 97TH AVENUE NE KIRKLAND WA 98034 910630507 SENIOR LIVING WA 501(C)(3) LINE 7 TRANSFORMING AGE 0 NORSE HOME 5311 PHINNEY AVENUE N SEATTLE WA 98103 910667588 ASSISTED LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 0 SENIOR HOUSING ASSISTANCE GROUP 14400 TUKWILA INTL BLVD SUITE 100 TUKWILA WA 98168 943063455 SENIOR LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 0 SHAG COMMUNITY LIFE FOUNDATION 14400 TUKWILA INTL BLVD SUITE 100 TUKWILA WA 98168 460779043 AFFORDABLE SENIOR LIVING WA 501(C)(3) LINE 10 TRANSFORMING AGE 0 TRANSFORMING AGE 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 320672552 MANAGEMENT SERVICES WA 501(C)(3) LINE 12B, II N/A 0 RENTON FIFTH & WILLIAMS LP 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 204127619 AFFORDABLE HOUSING WA DOWNTOWN ACTION TO SAVE HOUSING RELATED -366518 576445 0 1 0.00010 5TH & WILLIAMS DEVELOPMENT LLC 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 208614915 HOUSING DEVELOPMENT WA DOWNTOWN ACTION TO SAVE HOUSING RELATED 0 1 0.00010 ASHWOOD COMMUNITY REDEVELOPMENT LLLP 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 472592570 HOUSING DEVELOPMENT WA ASHWOOD COMMUNITY GROUP LLC RELATED -26 63305 0 1 0.00010 SUMMERFIELD REHAB LLLP 1118 FIFTH AVENUE SEATTLE WA 98101 352546881 HOUSING DEVELOPMENT WA YWCA RELATED 0 1 0.00010 ASHWOOD COMMUNITY GROUP LLC 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 472814926 AFFORDABLE HOUSING WA DOWNTOWN ACTION TO SAVE HOUSING RELATED 0 1 0.00010 OPPORTUNITY PLACE HOUSING LLLP 1118 FIFTH AVENUE SEATTLE WA 98104 843342970 AFFORDABLE HOUSING WA YWCA RELATED 0 1 0.00010 223 YESLER GP LLC 1980 112TH AVE NE SUITE 210 BELLEVUE WA 98004 833440576 AFFORDABLE HOUSING WA LIHI RELATED 0 1 0.00010 TRANSFORMING AGE VENTURES INC 715 NINTH AVENUE SUITE 400 SEATTLE WA 98104 471755666 FOR-PROFIT VENTURES AND ACTIVITIES WA N/A C 0 SENIOR HOUSING ASSISTANCE CORPORATION 1980 112TH AVENUE NE SUITE 210 BELLEVUE WA 98004 911923742 LOW-INCOME HOUSING WA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0