Civic Intelligence

Keiro Northwest

990 • Fiscal year 2023 • EIN 51-0172382

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

700 6th Ave SSeattle, WA 98104

(206) 726-6460

Siviq Scores

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

Liabilities / Assets

48th percentile

0.17x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.57x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$111,541

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

23rd percentile

-1.7%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$14,815,536

Down $259,584 (-1.7%) from 2022

Net Assets

Down

$12,323,669

Down $30,809 (-0.2%) from 2022

Liabilities

Down

$2,491,867

Down $228,775 (-8.4%) from 2022

Revenue

Up

$4,401,745

Up $1,082,823 (+33%) from 2022

Expenses

Up

$5,127,587

Up $239,032 (+4.9%) from 2022

Net Income

Up

-$725,842

Up $843,791 (+54%) from 2022

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

2023

Assets$14,815,536
Liabilities$2,491,867
Net Assets$12,323,669

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

2023

Revenue$4,401,745
Expenses$5,127,587
Net Income-$725,842
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$11,224,239
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,097,450$9,013,370▼ $84,080
Cash and Non-Interest-Bearing Accounts$1,856,510$1,340,101▼ $516,409
Land, Buildings, and Equipment, Net$1,383,823$1,189,917▼ $193,906
Pledges and Grants Receivable-$692,256-
Investments Other Securities$150,080$187,450▲ $37,370
Savings and Temporary Cash Investments$189,931$168,958▼ $20,973
Prepaid Expenses and Deferred Charges$36,661$29,570▼ $7,091
Accounts Receivable$29,789$13,156▼ $16,633
Total Assets$15,075,120$14,815,536▼ $259,584
Other Assets Total$2,330,876$2,180,758▼ $150,118
Liabilities
Other Liabilities$2,330,876$2,180,758▼ $150,118
Accounts Payable and Accrued Expenses$343,468$264,719▼ $78,749
Deferred Revenue$37,260$37,907▲ $647
Escrow Account Liability$9,038$8,483▼ $555
Total Liabilities$2,720,642$2,491,867▼ $228,775
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,360,480$8,669,972▼ $690,508
Net Assets With Donor Restrictions$2,993,998$3,653,697▲ $659,699
Total Net Assets Fund Balance$12,354,478$12,323,669▼ $30,809
Total Liabilities and Net Assets / Fund Balance$15,075,120$14,815,536▼ $259,584

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,148,137$5,231,844$6,379,981
Equipment$41,780$174,318$216,098
Other Assets Org$2,180,758--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,942,756-▲ $329,068-$3,271,824
2022$3,597,734$25,000▼ $679,978-$2,942,756
2021$3,426,513-▲ $90,803-$3,517,316
2020$3,206,963-▲ $219,550-$3,426,513
2019$3,206,013$950--$3,206,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa MclaughlinInterim Ed,FT$99,827$11,714$111,541
Amy NguyenExecutive DiFT$51,956$3,112$55,068
Dwight EdwardsExec DirectoFT$13,694-$13,694

Board Members and Trustees

NameTitle
Dave CullenChair
Jessica BurkhardVice Chair
Alicia EngDirector
Lee FieldDirector
Rio DesseroDirector
Manami HondaSecretary
John MatsumotoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Senior Services Of AmericaManagement5401 32ND AVENUE SUITE 204, Gig Harbor, WA 98335$191,608
Revenue and Support

Revenue Composition

Contributions and Grants
$705,633
Program Service Revenue
$3,204,988
Investment Income
$297,180
Other Revenue
$193,944
All Other Contributions
$460,871
Change in Net Assets
$-725,842

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
Securities Miscellaneous2$370,801Comparable Sales
Total Noncash Contributions2$370,801-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,334,452
Revenue Not Reported on Financial Statements
$67,293
Revenue Not Reported on Form 990
$859,221
Total Revenue per Audited Statements
$5,193,673
Total Revenue per Form 990
$4,401,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,048,332
Other Expenses$2,079,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,652,210$322,722-$1,974,932
Other Employee Benefits$535,954$104,100-$640,054
Occupancy$292,821$47,607-$340,428
Payroll Taxes$194,433$34,222-$228,655
Insurance$225,162$3,227-$228,389
Depreciation Depletion$198,461$24,071-$222,532
Fees for Services Management$165,100$26,508-$191,608
Office Expenses$33,811$135,091-$168,902
Current Officers, Directors, Trustees, and Key Employees$137,345$28,132-$165,477
Fees for Services Accounting-$112,574-$112,574
Fees for Services Other$75,532$6,963-$82,495
Fees for Service Investment Mgmnt Fees-$67,293-$67,293
Advertising$44,268$13,909-$58,177
Information Technology-$56,584-$56,584
Pension Plan Contributions$33,724$5,490-$39,214
Other Expenses$7,180$20,391-$27,571
Fees for Services Legal-$10,826-$10,826
All Other Expenses-$9,955-$9,955
Interest$6,070$829-$6,899
Total Functional Expenses$4,006,108$1,121,479$0$5,127,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,224,482
Total Expenses per Form 990$5,127,587
Expenses per Audited Statements$5,060,294
Expenses Not Reported on Form 990$164,188
Expenses Not Reported on Financial Statements$67,293
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lee FieldCEO & PresidentManagementYes$191,608
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$2,180,758
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Administrative duties are delegated to a management company, senior services of america, llc.

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

The 990 is provided to the board for review.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is enforced through communication between the executive director, the board and the board governance committee.

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 15B

The board utilizes research performed for comparable positions. Compensation is then reviewed by all board members and approved by the majority of the board.

Form 990, Page 6, Part VI, Line 19

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 700 6th avenue s., seattle, wa

Filing and Contact Details

Filer

Filer Name
Keiro Northwest
EIN
51-0172382
Phone
2067266460
Address
700 6TH AVE S, SEATTLE, WA 98104

Signing Officer

Name
John Matsumoto
Title
Treasurer
Phone
2067266460
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Cullen
Formed
1975
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
6
Employees
73
Volunteers
207

Preparer

Firm
Finney Neill & Company Ps
Address
9757 GREENWOOD AVE N, SEATTLE, WA 98103
Preparer
Joshua J Breiling CPA
Phone
2062989811
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rental costs 21,688 rental costs -21,688

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Keiro northwest is contingently liable for resident funds held in trust. Keiro northwest has authority to withdraw funds on the residents behalf only upon written request, or in such cases where it acts as guardian to the resident. The funds must be maintained in a separate account.

Schedule D, Page 2, Part V, Line 4

The endowment funds are to be used to ensure that keiro northwest 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.

Schedule D, Page 3, Part X

The organization accounts for tax positions in accordance with the fasb accounting standards codification topic no. 740, income taxes. With few exceptions, the organization is subject to federal and state income tax examinations by tax authorities for the prior three years. Management has reviewed the organization's tax positions and determined there were no uncertain tax positions as of december 31, 2023 and 2022 that could result in unrelated business taxes to the organization or loss of its non-profit status. The organization recognizes income tax related interest in interest expense and penalties in operating expenses. During the years ended december 31, 2023 and 2022, the organization recognized no income tax related interest or penalties.

Schedule D, Page 4, Part XI, Line 2D

RENTAL COSTS 21,688

Schedule D, Page 4, Part XII, Line 2D

RENTAL COSTS 21,688

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0INTERIM ED,
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0322722
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IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127288
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127288
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0696389
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-679308
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IRS990/PYOtherRevenueAmt0131113
IRS990/PYProgramServiceRevenueAmt03170728
IRS990/PYRevenuesLessExpensesAmt0-1569633
IRS990/PYSalariesCompEmpBnftPaidAmt03005733
IRS990/PYTotalExpensesAmt04888555
IRS990/PYTotalRevenueAmt03318922
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-725842
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0102518
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03214523
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189931
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0168958
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER 85,360 FUNDRAISING 83,373
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0696389
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0636086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0162138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0695626
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0433943
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0101471
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02618130
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt06437
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt031551
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0114020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0130574
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt083905
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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