Civic Intelligence

Keiro Northwest

990 • Fiscal year 2016 • EIN 51-0172382

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

1601 East Yesler WaySeattle, WA 98122

(206) 323-7100

Siviq Scores

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

Liabilities / Assets

48th percentile

0.21x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.24x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

21st percentile

-6.7%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

47th percentile

$166,615

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

11th percentile

-8.3%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-2.8%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$20,652,759

Down $1,859,652 (-8.3%) from 2015

Net Assets

Down

$16,273,162

Down $400,697 (-2.4%) from 2015

Liabilities

Down

$4,379,597

Down $1,458,955 (-25%) from 2015

Revenue

Down

$18,455,843

Down $526,828 (-2.8%) from 2015

Expenses

Up

$19,693,297

Up $341,514 (+1.8%) from 2015

Net Income

Down

-$1,237,454

Down $868,342 (-235%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $21,234,166Liabilities 2010: $6,586,042Net Assets 2010: $14,648,1242010Assets 2011: $20,975,690Liabilities 2011: $6,000,625Net Assets 2011: $14,975,0652011Assets 2012: $21,601,249Liabilities 2012: $5,681,521Net Assets 2012: $15,919,7282012Assets 2013: $22,575,946Liabilities 2013: $5,203,986Net Assets 2013: $17,371,9602013Assets 2014: $22,514,484Liabilities 2014: $4,802,308Net Assets 2014: $17,712,1762014Assets 2015: $22,512,411Liabilities 2015: $5,838,552Net Assets 2015: $16,673,8592015Assets 2016: $20,652,759Liabilities 2016: $4,379,597Net Assets 2016: $16,273,1622016Assets 2017: $20,438,859Liabilities 2017: $4,425,811Net Assets 2017: $16,013,0482017Assets 2018: $20,143,607Liabilities 2018: $6,887,946Net Assets 2018: $13,255,6612018Assets 2019: $16,133,270Liabilities 2019: $1,378,482Net Assets 2019: $14,754,7882019Assets 2020: $14,868,488Liabilities 2020: $465,813Net Assets 2020: $14,402,6752020Assets 2021: $16,126,784Liabilities 2021: $1,119,505Net Assets 2021: $15,007,2792021Assets 2022: $15,075,120Liabilities 2022: $2,720,642Net Assets 2022: $12,354,4782022Assets 2023: $14,815,536Liabilities 2023: $2,491,867Net Assets 2023: $12,323,6692023Assets 2024: $23,111,666Liabilities 2024: $5,231,869Net Assets 2024: $17,879,7972024

Highlighted filing

2016

Assets$20,652,759
Liabilities$4,379,597
Net Assets$16,273,162

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $17,121,8202010Expenses 2011: $16,158,3262011Expenses 2012: $17,080,6262012Revenue 2013: $18,165,439Expenses 2013: $17,283,474Net Income 2013: $881,9652013Revenue 2014: $17,908,981Expenses 2014: $17,633,127Net Income 2014: $275,8542014Revenue 2015: $18,982,671Expenses 2015: $19,351,783Net Income 2015: -$369,1122015Revenue 2016: $18,455,843Expenses 2016: $19,693,297Net Income 2016: -$1,237,4542016Revenue 2017: $19,055,335Expenses 2017: $20,861,534Net Income 2017: -$1,806,1992017Revenue 2018: $19,014,545Expenses 2018: $21,367,989Net Income 2018: -$2,353,4442018Revenue 2019: $19,412,325Expenses 2019: $18,268,268Net Income 2019: $1,144,0572019Revenue 2020: $3,681,245Expenses 2020: $4,530,277Net Income 2020: -$849,0322020Revenue 2021: $4,712,692Expenses 2021: $4,803,501Net Income 2021: -$90,8092021Revenue 2022: $3,318,922Expenses 2022: $4,888,555Net Income 2022: -$1,569,6332022Revenue 2023: $4,401,745Expenses 2023: $5,127,587Net Income 2023: -$725,8422023Revenue 2024: $10,511,618Expenses 2024: $5,276,522Net Income 2024: $5,235,0962024

Highlighted filing

2016

Revenue$18,455,843
Expenses$19,693,297
Net Income-$1,237,454
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$18,871,690
Mission and Program Overview

Mission

We empower our Asian community through a continuum of exceptional health care services that are culturally sensitive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,337,345$11,058,965▼ $1,278,380
Land, Buildings, and Equipment, Net$6,981,397$6,163,605▼ $817,792
Accounts Receivable$1,088,190$1,490,698▲ $402,508
Cash and Non-Interest-Bearing Accounts$662,437$800,281▲ $137,844
Investments Other Securities$305,795$305,795→ $0
Savings and Temporary Cash Investments$387,711$123,022▼ $264,689
Prepaid Expenses and Deferred Charges$128,411$122,460▼ $5,951
Inventories for Sale or Use$38,944$43,740▲ $4,796
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$22,512,411$20,652,759▼ $1,859,652
Other Assets Total$582,181$544,193▼ $37,988
Liabilities
Accounts Payable and Accrued Expenses$2,178,551$2,187,484▲ $8,933
Mortgage Notes Payable Secured by Investment Property$2,755,000$1,098,346▼ $1,656,654
Other Liabilities$800,863$1,044,848▲ $243,985
Deferred Revenue$81,461$28,268▼ $53,193
Escrow Account Liability$22,677$20,651▼ $2,026
Total Liabilities$5,838,552$4,379,597▼ $1,458,955
Net Assets / Fund Balance
Unrestricted Net Assets$13,596,264$13,190,882▼ $405,382
Permanently Rstr Net Assets$3,077,595$3,082,280▲ $4,685
Total Net Assets Fund Balance$16,673,859$16,273,162▼ $400,697
Total Liabilities and Net Assets / Fund Balance$22,512,411$20,652,759▼ $1,859,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,744,458$10,657,332$15,401,790
Equipment$681,136$3,271,749$3,952,885
Other Land Buildings$279,052$245,183$524,235
Land$458,959-$458,959

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,077,595$4,685--$3,082,280
2015$3,072,935$4,660--$3,077,595
2014$3,064,195$8,740--$3,072,935
2013$3,045,065$19,130--$3,064,195
2012$3,029,391$15,674--$3,045,065
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey HattoriCEOFT$155,362$11,253$166,615
Janice DeguchiCOOFT$129,553$34,352$163,905
Randi SaeterAdministratorFT$118,995$23,139$142,134
Rick TakeuchiHR DirectorFT$103,627$34,104$137,731
Tina Masuda DraughonCFOFT$119,978$17,422$137,400

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Consonus Healthcare ServicesRehab Services4560 SE International Way 101, Milwaukie, OR 97222$788,056
Yamato Travel BureauTour Services250 E 1st St 1112, Los Angeles, CA 90012$344,838
Consonus Pharmacy WashingtonPharmacy14729 NE 87th St, Redmond, WA 98052$264,224
University Mechanical Contractors IncBuilding Maintenance11611 49th Pl W, Mukilteo, WA 98275$115,037
Maxim Staffing SolutionsNursing contracting12558 Collections Center Dr, Chicago, IL 60693$100,118
Revenue and Support

Revenue Composition

Contributions and Grants
$643,235
Program Service Revenue
$17,738,441
Investment Income
$-58,278
Other Revenue
$132,445
All Other Contributions
$550,318
Change in Net Assets
$-1,237,454

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table84$13,222Fair Market Value (FMV)
Other Non Cash Contri Table2$12,000Fair Market Value (FMV)
Food Inventory100$11,357Fair Market Value (FMV)
Other Non Cash Contri Table57$9,653Fair Market Value (FMV)
Other Non Cash Contri Table1$7,200Fair Market Value (FMV)
Other Non Cash Contri Table4$6,280Fair Market Value (FMV)
Clothing and Household Goods-$6,144Fair Market Value (FMV)
Other Non Cash Contri Table9$5,950Fair Market Value (FMV)
Other Non Cash Contri Table34$5,798Fair Market Value (FMV)
Works of Art7$5,233Fair Market Value (FMV)
Other Non Cash Contri Table28$2,984Fair Market Value (FMV)
Other Non Cash Contri Table1$1,080Fair Market Value (FMV)
Other Non Cash Contri Table6$984Fair Market Value (FMV)
Other Non Cash Contri Table2$934Fair Market Value (FMV)
Books and Publications-$759Fair Market Value (FMV)
Collectibles2$700Fair Market Value (FMV)
Other Non Cash Contri Table3$183Fair Market Value (FMV)
Other Non Cash Contri Table3$62Fair Market Value (FMV)
Total Noncash Contributions343$90,523-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,906,270
Other Expenses$6,787,027
Total Fundraising Expense$144,703
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,377,836$462,496$85,888$9,926,220
Fees for Services Other$1,092,956$137,122$1,390$1,231,468
Other Employee Benefits$1,131,253$82,938$6,904$1,221,095
Payroll Taxes$926,749$84,644$6,933$1,018,326
All Other Expenses$698,952$281,959$23,955$1,004,866
Depreciation Depletion$891,214$81,399-$972,613
Occupancy$845,156$77,192$4,500$926,848
Current Officers, Directors, Trustees, and Key Employees$142,134$467,920-$610,054
Other Expenses$528,335$364,585$10,502$364,585
Insurance$330,117$30,152-$360,269
Pension Plan Contributions$128,042-$2,533$130,575
Fees for Services Accounting-$62,029-$62,029
Interest$28,610$2,613-$31,223
Conferences and Meetings$9,484$7,520$1,024$18,028
Advertising-$14,365$1,067$15,432
Travel$7,058$4,356$7$11,421
Fees for Services Legal-$9,949-$9,949
Total Functional Expenses$17,170,355$2,378,239$144,703$19,693,297
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,004
Fundraising Direct Expenses$35,237
Gaming Gross Income$3,195
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$128,268$36,124$31,667$4,457
Anniversary Gala$33,653$32,880$1,475$31,405
Total Events$161,921$69,004$35,237$33,767
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
BNYM Line of Credit$966,822
Capital Leases$78,026
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is first reviewed by the organization's CFO. It is then provided to the audit committee for initial review and then presented to the full Board for final review and approval prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is enforced through constant communication between the ceo and the board of directors.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board utilizes research performed for comparable positions. CEO compensation is then reviewed by all Board members and approved by the majority of the Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

the organizations governing documents, conflict of interest policy and financial statements are available for review upon request at the organizations business office, which is located at 1601 East Yesler Way, seattle, wa.

Filing and Contact Details

Filer

Filer Name
Keiro Northwest
EIN
51-0172382
Phone
2063237100
Address
1601 East Yesler Way, Seattle, WA 98122

Signing Officer

Name
Rick Takeuchi
Title
CAO
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Takeuchi
Formed
1975
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
406
Volunteers
2,055

Preparer

Firm
Hansen Hunter & Co PC
Address
8930 SW Gemini Drive, Beaverton, OR 97008
Preparer
Cynthia J Heuberger
Phone
5032442134
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Nikkei Horizons continuing adult education inspires life-long learning, wellness and creative expression through affordable classes and travel for active seniors. OTHER PROGRAM SERVICES 5: Legacy House and King County provide transportation for participants to and from the adult day health program and reimburse transportation program expenses for low income seniors. OTHER PROGRAM SERVICES 6: Home & Community Based Care Services offers in-home care services, including 1:1 care, companionship, bathing, grooming and dressing assistance, meal preparation, assistance with incontinence, medication reminders, transportation, light housekeeping, and laundry, all delivered by people who feel like family.

Other Changes In Net Assets Or Fund Balances - Other Decreases

noncash contributions = -$88428

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

nikkei holds small balances in trust accounts for the convenience of its residents. These amounts are booked both as an asset and as a liability on nikkei's balance sheet.

Part V, Line 4: Intended uses of the endowment fund.

the endowment funds are to be used to ensure that nikkei concerns is able to offer future generations of seniors the option to live in an environment that is consistent with their unique cultural preferences and which continues to provide the highest quality of health care and other services.

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IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin Nagai
IRS990/Form990PartVIISectionAGrp/PersonNm6Bill Tashima
IRS990/Form990PartVIISectionAGrp/PersonNm7David Hayasaka
IRS990/Form990PartVIISectionAGrp/PersonNm8Ted Tomita
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IRS990/Form990PartVIISectionAGrp/PersonNm15Randi Saeter
IRS990/Form990PartVIISectionAGrp/PersonNm16Janice Deguchi
IRS990/Form990PartVIISectionAGrp/PersonNm17Tina Masuda Draughon
IRS990/Form990PartVIISectionAGrp/PersonNm18Rick Takeuchi
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$5.23$17.9$10.5$5.28$5.24
2023Detailed filing. Detailed filing data is available for this year.$14.8$2.49$12.3$4.40$5.13$0.73
2022Detailed filing. Detailed filing data is available for this year.$15.1$2.72$12.4$3.32$4.89$1.57
2021Detailed filing. Detailed filing data is available for this year.$16.1$1.12$15.0$4.71$4.80$0.09
2020Detailed filing. Detailed filing data is available for this year.$14.9$0.47$14.4$3.68$4.53$0.85
2019Detailed filing. Detailed filing data is available for this year.$16.1$1.38$14.8$19.4$18.3$1.14
2018Detailed filing. Detailed filing data is available for this year.$20.1$6.89$13.3$19.0$21.4$2.35
2017Detailed filing. Detailed filing data is available for this year.$20.4$4.43$16.0$19.1$20.9$1.81
2016Detailed filing. Detailed filing data is available for this year.$20.7$4.38$16.3$18.5$19.7$1.24
2015Detailed filing. Detailed filing data is available for this year.$22.5$5.84$16.7$19.0$19.4$0.37
2014Detailed filing. Detailed filing data is available for this year.$22.5$4.80$17.7$17.9$17.6$0.28
2013Detailed filing. Detailed filing data is available for this year.$22.6$5.20$17.4$18.2$17.3$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$5.68$15.9$17.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$6.00$15.0$16.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$6.59$14.6$17.1