Civic Intelligence

Sullivan Senior Housing Inc.

990 • Fiscal year 2019 • EIN 02-0677361

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 31, 2020

1625 SE LafayettePortland, OR 97202

(503) 231-4922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.50x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

20.03x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.4%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,423,889

Down $91,086 (-3.6%) from 2018

Net Assets

Down

-$1,204,135

Down $89,045 (-8.0%) from 2018

Liabilities

Down

$3,628,024

Down $2,041 (-0.1%) from 2018

Revenue

Up

$181,121

Up $4,227 (+2.4%) from 2018

Expenses

Up

$270,166

Up $2,110 (+0.8%) from 2018

Net Income

Up

-$89,045

Up $2,117 (+2.3%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2011: $3,180,514Liabilities 2011: $3,629,872Net Assets 2011: -$449,3582011Assets 2012: $3,088,999Liabilities 2012: $3,627,563Net Assets 2012: -$538,5642012Assets 2013: $2,989,908Liabilities 2013: $3,628,101Net Assets 2013: -$638,1932013Assets 2014: $2,893,311Liabilities 2014: $3,634,006Net Assets 2014: -$740,6952014Assets 2015: $2,799,668Liabilities 2015: $3,628,650Net Assets 2015: -$828,9822015Assets 2016: $2,705,244Liabilities 2016: $3,630,092Net Assets 2016: -$924,8482016Assets 2017: $2,606,831Liabilities 2017: $3,630,759Net Assets 2017: -$1,023,9282017Assets 2018: $2,514,975Liabilities 2018: $3,630,065Net Assets 2018: -$1,115,0902018Assets 2019: $2,423,889Liabilities 2019: $3,628,024Net Assets 2019: -$1,204,1352019Assets 2020: $2,312,950Liabilities 2020: $3,627,152Net Assets 2020: -$1,314,2022020Assets 2021: $2,219,130Liabilities 2021: $3,628,279Net Assets 2021: -$1,409,1492021Assets 2022: $2,127,510Liabilities 2022: $3,627,377Net Assets 2022: -$1,499,8672022Assets 2023: $2,033,165Liabilities 2023: $3,628,048Net Assets 2023: -$1,594,8832023Assets 2024: $1,949,346Liabilities 2024: $3,629,024Net Assets 2024: -$1,679,6782024Assets 2025: $1,858,356Liabilities 2025: $3,632,139Net Assets 2025: -$1,773,7832025

Highlighted filing

2019

Assets$2,423,889
Liabilities$3,628,024
Net Assets-$1,204,135

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $149,558Expenses 2011: $239,926Net Income 2011: -$90,3682011Revenue 2012: $147,889Expenses 2012: $237,095Net Income 2012: -$89,2062012Revenue 2013: $143,409Expenses 2013: $243,038Net Income 2013: -$99,6292013Revenue 2014: $138,663Expenses 2014: $241,165Net Income 2014: -$102,5022014Revenue 2015: $163,499Expenses 2015: $251,786Net Income 2015: -$88,2872015Revenue 2016: $169,577Expenses 2016: $265,443Net Income 2016: -$95,8662016Revenue 2017: $174,764Expenses 2017: $273,844Net Income 2017: -$99,0802017Revenue 2018: $176,894Expenses 2018: $268,056Net Income 2018: -$91,1622018Revenue 2019: $181,121Expenses 2019: $270,166Net Income 2019: -$89,0452019Revenue 2020: $177,873Expenses 2020: $287,940Net Income 2020: -$110,0672020Revenue 2021: $199,889Expenses 2021: $294,836Net Income 2021: -$94,9472021Revenue 2022: $201,448Expenses 2022: $292,166Net Income 2022: -$90,7182022Revenue 2023: $212,197Expenses 2023: $307,216Net Income 2023: -$95,0192023Revenue 2024: $218,126Expenses 2024: $302,921Net Income 2024: -$84,7952024Revenue 2025: $226,201Expenses 2025: $320,306Net Income 2025: -$94,1052025

Highlighted filing

2019

Revenue$181,121
Expenses$270,166
Net Income-$89,045
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 31, 2020
Return Version
2018v3.2
Gross Receipts
$181,121
Mission and Program Overview

Mission

Provide affordable housing for elderly and other low income residents.

Provide affordable housing for elderly and other low income residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,366,536$2,264,120▼ $102,416
Savings and Temporary Cash Investments$140,082--
Prepaid Expenses and Deferred Charges$6,300$6,300→ $0
Cash and Non-Interest-Bearing Accounts$100$4,085▲ $3,985
Accounts Receivable$1,957$18▼ $1,939
Rtn Earn Endowment Incm Other Fnds$-1,115,090$-1,204,135▼ $89,045
Total Assets$2,514,975$2,423,889▼ $91,086
Other Assets Total-$149,366-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,615,915$3,615,700▼ $215
Other Liabilities$7,292$7,525▲ $233
Accounts Payable and Accrued Expenses$6,403$4,078▼ $2,325
Deferred Revenue$455$721▲ $266
Total Liabilities$3,630,065$3,628,024▼ $2,041
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,115,090$-1,204,135▼ $89,045
Total Liabilities and Net Assets / Fund Balance$2,514,975$2,423,889▼ $91,086

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,749,911$1,380,833$3,130,744
Land$512,269-$512,269
Equipment$1,940$26,245$28,185
Other Assets Org$7,552--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Spencer BiegelPresident
Barbara HenningsenDirector
Dick HenningsenSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$181,042
Investment Income
$79
Other Revenue
$0
Change in Net Assets
$-89,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$181,121
Total Revenue per Audited Statements
$181,121
Total Revenue per Form 990
$181,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,034
Salaries, Compensation, and Employee Benefits$50,132
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$109,811--$109,811
Other Salaries and Wages$36,486--$36,486
Fees for Services Management$18,276--$18,276
Insurance$12,368--$12,368
Other Employee Benefits$10,425--$10,425
Fees for Services Accounting$5,100--$5,100
Other Expenses$3,276--$3,276
Payroll Taxes$3,221--$3,221
Office Expenses$879--$879
All Other Expenses$750--$750
Advertising$477--$477
Travel$344--$344
Conferences and Meetings$61--$61
Total Functional Expenses$270,166$0$0$270,166

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$270,166
Total Expenses per Audited Statements$270,166
Total Expenses per Form 990$270,166
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$7,310
Accrued Expenses$215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

YES

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to the board chair prior to filing. After review by the management company and the board chair the form 990 is filed.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sullivan Senior Housing Inc
EIN
02-0677361
Phone
5032314922
Address
1625 SE LAFAYETTE, PORTLAND, OR 97202
Doing Business As
George Sullivan Manor

Signing Officer

Name
Spencer Biegel
Title
President
Phone
5032314922
Signed
2020-03-31

Organization Details

Principal Officer
Spencer Biegel
Formed
2003
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
LOVERIDGE HUNT & CO CPA'S
Address
14725 SE 36TH ST STE 401, BELLEVUE, WA 98006-1682
Preparer
Hoa Thi Tran
Phone
4254532088
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt0181121
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02264120
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0149366
IRS990ScheduleD/TotalExpensesPerForm990Amt0270166
IRS990ScheduleD/TotalLiabilityAmt07525
IRS990ScheduleD/TotalRevenuePerForm990Amt0181121
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270166
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD CHAIR PRIOR TO FILING. AFTER REVIEW BY THE MANAGEMENT COMPANY AND THE BOARD CHAIR THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1JEWEL LAKE SENIOR HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SENIOR LIVING ALTERNATIVES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3SUTTON SENIOR ANNEX INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4INDEPENDENCE PARK II SENIOR HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5SUTTON SENIOR HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6ELDER SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7PALMER SENIOR HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8INDEPENDENCE PARK SENIOR HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt31625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt41625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt51625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt61625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt71625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt81625 SE LAFAYETTE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm5PORTLAND
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4OR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd6OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd7OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd8OR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd797202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd897202
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.86$3.63$1.77$0.23$0.32$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.95$3.63$1.68$0.22$0.30$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.03$3.63$1.59$0.21$0.31$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.13$3.63$1.50$0.20$0.29$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.22$3.63$1.41$0.20$0.29$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.31$3.63$1.31$0.18$0.29$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.42$3.63$1.20$0.18$0.27$0.09
2018Summary only. Only limited summary data is available for this year.$2.51$3.63$1.12$0.18$0.27$0.09
2017Summary only. Only limited summary data is available for this year.$2.61$3.63$1.02$0.17$0.27$0.10
2016Summary only. Only limited summary data is available for this year.$2.71$3.63$0.92$0.17$0.27$0.10
2015Summary only. Only limited summary data is available for this year.$2.80$3.63$0.83$0.16$0.25$0.09
2014Summary only. Only limited summary data is available for this year.$2.89$3.63$0.74$0.14$0.24$0.10
2013Summary only. Only limited summary data is available for this year.$2.99$3.63$0.64$0.14$0.24$0.10
2012Summary only. Only limited summary data is available for this year.$3.09$3.63$0.54$0.15$0.24$0.09
2011Summary only. Only limited summary data is available for this year.$3.18$3.63$0.45$0.15$0.24$0.09