Civic Intelligence

Rose Villa Inc

EIN 93-0471873 • 501(c)3 • Portland, OR

Profile

Supporting seniors to live the life of their choosing by partnering with them to provide a high quality, inclusive, engaging, innovative, and financially sustainable environment.

13505 SE River RoadPortland, OR 97222

www.rosevilla.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

6.97x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

17th percentile

-8.7%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$231,805

Higher top officer pay than 19% of similar nonprofits.

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

26th percentile

0.1%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$164,767,935

Up $102,859 (+0.1%) from 2023

Liabilities

Up

$185,059,116

Up $23,926 (+0.0%) from 2023

Net Assets

Up

-$20,291,181

Up $78,933 (+0.4%) from 2023

Revenue

Up

$26,535,537

Up $3,013,636 (+13%) from 2023

Expenses

Up

$28,856,142

Up $974,784 (+3.5%) from 2023

Net Income

Up

-$2,320,605

Up $2,038,852 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$100M$0-$100MAssets 2010: $12,593,712Liabilities 2010: $5,459,045Net Assets 2010: $7,134,6672010Assets 2011: $14,808,321Liabilities 2011: $7,437,010Net Assets 2011: $7,371,3112011Assets 2012: $15,762,206Liabilities 2012: $8,282,208Net Assets 2012: $7,479,9982012Assets 2013: $17,963,538Liabilities 2013: $10,775,899Net Assets 2013: $7,187,6392013Assets 2014: $79,621,001Liabilities 2014: $74,144,075Net Assets 2014: $5,476,9262014Assets 2015: $81,382,826Liabilities 2015: $77,795,500Net Assets 2015: $3,587,3262015Assets 2016: $75,769,733Liabilities 2016: $75,110,049Net Assets 2016: $659,6842016Assets 2017: $78,663,310Liabilities 2017: $80,896,682Net Assets 2017: -$2,233,3722017Assets 2018: $93,326,289Liabilities 2018: $99,057,377Net Assets 2018: -$5,731,0882018Assets 2019: $100,593,751Liabilities 2019: $108,061,710Net Assets 2019: -$7,467,9592019Assets 2020: $176,601,555Liabilities 2020: $184,368,506Net Assets 2020: -$7,766,9512020Assets 2021: $178,624,912Liabilities 2021: $187,568,377Net Assets 2021: -$8,943,4652021Assets 2022: $171,099,192Liabilities 2022: $188,536,954Net Assets 2022: -$17,437,7622022Assets 2023: $164,665,076Liabilities 2023: $185,035,190Net Assets 2023: -$20,370,1142023Assets 2024: $164,767,935Liabilities 2024: $185,059,116Net Assets 2024: -$20,291,1812024

Highlighted filing

2024

Assets$164,767,935
Liabilities$185,059,116
Net Assets-$20,291,181

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2010: $6,907,361Expenses 2010: $6,954,090Net Income 2010: -$46,7292010Revenue 2011: $7,416,932Expenses 2011: $7,061,566Net Income 2011: $355,3662011Expenses 2012: $7,426,8002012Revenue 2013: $7,846,092Expenses 2013: $8,217,057Net Income 2013: -$370,9652013Revenue 2014: $7,161,341Expenses 2014: $8,904,454Net Income 2014: -$1,743,1132014Revenue 2015: $8,050,494Expenses 2015: $9,815,898Net Income 2015: -$1,765,4042015Revenue 2016: $12,319,285Expenses 2016: $15,278,825Net Income 2016: -$2,959,5402016Revenue 2017: $13,408,569Expenses 2017: $16,852,328Net Income 2017: -$3,443,7592017Revenue 2018: $14,472,441Expenses 2018: $17,283,178Net Income 2018: -$2,810,7372018Revenue 2019: $16,449,064Expenses 2019: $19,210,696Net Income 2019: -$2,761,6322019Revenue 2020: $17,350,403Expenses 2020: $20,137,884Net Income 2020: -$2,787,4812020Revenue 2021: $20,737,089Expenses 2021: $19,672,254Net Income 2021: $1,064,8352021Revenue 2022: $18,828,045Expenses 2022: $23,590,776Net Income 2022: -$4,762,7312022Revenue 2023: $23,521,901Expenses 2023: $27,881,358Net Income 2023: -$4,359,4572023Revenue 2024: $26,535,537Expenses 2024: $28,856,142Net Income 2024: -$2,320,6052024

Highlighted filing

2024

Revenue$26,535,537
Expenses$28,856,142
Net Income-$2,320,605

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$165$185$20.3$26.5$28.9$2.32
2023Summary only. Only limited summary data is available for this year.$165$185$20.4$23.5$27.9$4.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$189$17.4$18.8$23.6$4.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$179$188$8.94$20.7$19.7$1.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$177$184$7.77$17.4$20.1$2.79
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$108$7.47$16.4$19.2$2.76
2018Summary only. Only limited summary data is available for this year.$93.3$99.1$5.73$14.5$17.3$2.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.7$80.9$2.23$13.4$16.9$3.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.8$75.1$0.66$12.3$15.3$2.96
2015Detailed filing. Detailed filing data is available for this year.$81.4$77.8$3.59$8.05$9.82$1.77
2014Detailed filing. Detailed filing data is available for this year.$79.6$74.1$5.48$7.16$8.90$1.74
2013Detailed filing. Detailed filing data is available for this year.$18.0$10.8$7.19$7.85$8.22$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.28$7.48$7.43
2011Summary only. Only limited summary data is available for this year.$14.8$7.44$7.37$7.42$7.06$0.36
2010Summary only. Only limited summary data is available for this year.$12.6$5.46$7.13$6.91$6.95$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 1, 2025
Return Version
2024v5.2
Gross Receipts
$29,621,624
Mission and Program Overview

Mission

Supporting seniors to live the life of their choosing by partnering with them to provide a high quality, inclusive, engaging, innovative, and financially sustainable environment.

Supporting older adults to live the life of their own choosing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$128,800,250$124,370,931▼ $4,429,319
Investments in Publicly Traded Securities$26,266,737$30,045,733▲ $3,778,996
Cash and Non-Interest-Bearing Accounts$6,965,140$5,263,173▼ $1,701,967
Accounts Receivable$552,200$933,494▲ $381,294
Savings and Temporary Cash Investments$49,952$767,991▲ $718,039
Prepaid Expenses and Deferred Charges$712,039$664,807▼ $47,232
Intangible Assets-$29,205-
Inventories for Sale or Use$27,627$28,120▲ $493
Total Assets$164,665,076$164,767,935▲ $102,859
Other Assets Total$1,291,131$2,664,481▲ $1,373,350
Liabilities
Tax Exempt Bond Liabilities$96,183,194$95,677,670▼ $505,524
Other Liabilities$55,415,279$54,676,666▼ $738,613
Deferred Revenue$31,550,195$32,357,876▲ $807,681
Accounts Payable and Accrued Expenses$1,886,522$2,346,904▲ $460,382
Total Liabilities$185,035,190$185,059,116▲ $23,926
Net Assets / Fund Balance
Net Assets With Donor Restrictions$280,210$300,574▲ $20,364
Net Assets Without Donor Restrictions$-20,650,324$-20,591,755▲ $58,569
Total Net Assets Fund Balance$-20,370,114$-20,291,181▲ $78,933
Total Liabilities and Net Assets / Fund Balance$164,665,076$164,767,935▲ $102,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$96,200,903$30,974,760$127,175,663
Equipment$7,996,099$12,006,279$20,002,378
Other Land Buildings$11,050,657$2,165,638$13,216,295
Leasehold Improvements$6,977,228$3,337,887$10,315,115
Land$2,146,044-$2,146,044

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$27,626-▼ $303-$27,323
2023$25,781-▲ $1,845-$27,626
2022$31,364-▼ $5,583-$25,781
2021$31,789-▼ $425-$31,364
2020$28,994-▲ $2,795-$31,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glen LewisCEOFT$220,212$11,593$231,805
James WillefordDirector of Strategic OperationsFT$164,870$27,514$192,384
Erin CornellDirector of Health ServicesFT$157,528$31,702$189,230
Angela HansenCFO (through August 2024)FT$145,664$38,193$183,857
Richard HamellIt DirectorFT$142,645$17,005$159,650
Michelle LacroixHr DirectorFT$129,328$10,394$139,722
Azeem Bhatti RnNurseFT$124,825$8,937$133,762
Becky Jewell RnNurseFT$118,148$12,590$130,738
Thuy Tran RnNurseFT$107,071$9,290$116,361

Board Members and Trustees

NameTitle
Wade ClowesPresident
Eleanore Hunter PhdVice President
Cindy BrownDirector
Dan SteffeyDirector
Glenn Rodriguez MdDirector
Kirsten Jacobs MswDirector
Steve MorrisDirector
Chuck DunlapInterim CFO (as of August 2024)
Ron Stock Md MaSecretary
Susan Nestor CPA Cfp PfsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cotta ConstructionConstruction15855 NW PUMPKIN RIDGE ROAD, North Plains, OR 97133$563,316
Cascade Flooring Pros INCConstruction16006 SE MAIN STREET, Portland, OR 97233$467,807
Straight EdgeLandscaping17027 SW BLANTON STREET, Aloha, OR 97078$334,548
BremikConstruction1026 SE STARK STREET, Portland, OR 97214$198,401
Tony Bower RoofingRoofingPO BOX 22740, Milwaukie, OR 97269$195,870
Revenue and Support

Revenue Composition

Contributions and Grants
$489,195
Program Service Revenue
$24,811,743
Investment Income
$1,113,577
Other Revenue
$121,022
All Other Contributions
$1,500
Change in Net Assets
$-2,320,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,279,819
Revenue Not Reported on Financial Statements
$255,718
Revenue Not Reported on Form 990
$2,410,384
Other Revenue Adjustments
$156,213
Total Revenue per Audited Statements
$28,690,203
Total Revenue per Form 990
$26,535,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,818,616
Salaries, Compensation, and Employee Benefits$11,002,901
Grants and Similar Amounts Paid$34,625
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,281,163$280,217-$8,561,380
Depreciation Depletion$6,961,142$347,460-$7,308,602
Interest$5,178,733--$5,178,733
Occupancy$862,881$54,161-$917,042
Current Officers, Directors, Trustees, and Key Employees$286,212$512,227-$798,439
Payroll Taxes$676,001$59,161-$735,162
Other Employee Benefits$634,414$30,912-$665,326
Other Expenses$392,382$89,742-$482,124
Insurance$445,785$33,162-$478,947
Information Technology$308,287$159,145-$467,432
Pension Plan Contributions$239,668$2,926-$242,594
All Other Expenses$95,512$71,764-$167,276
Fees for Services Other$115,623$47,810-$163,433
Office Expenses$84,597$15,240-$99,837
Fees for Service Investment Mgmnt Fees-$99,505-$99,505
Conferences and Meetings$54,453$13,323-$67,776
Fees for Services Accounting$42,799$17,697-$60,496
Grants to Domestic Orgs$34,625--$34,625
Fees for Services Legal$19,522$8,073-$27,595
Travel$16,853$9,154-$26,007
Advertising$1,274$12,847-$14,121
Total Functional Expenses$26,938,307$1,917,835$0$28,856,142

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,856,142
Total Expenses per Audited Statements$28,734,483
Expenses per Audited Statements$28,723,637
Expenses Not Reported on Financial Statements$132,505
Other Expense Adjustments$33,000
Expenses Not Reported on Form 990$10,846
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rose Villa FoundationPortland, OR501(c)(3)General Operating Support$34,625
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Deposits$53,162,432
Refundable Fees$1,490,811
Due to Related Organizations$12,500
Right-of-use Lease Liabilities$10,923

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2020-06-25$78,262,037CONSTRUCT SENIOR HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$78,262,037$6,107,078$21,310,000$1,565,240

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 35% controlled entity
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
Yes
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, Part VI, Section A, Line 3

Starting in august 2024, rose villa contracted with mccracken alliance corporation to provide interim cfo services. Rose villa paid $104,471 for these services in 2024.

Form 990, Part VI, Section B, Line 11B

Prior to filing, the form 990 was reviewed by the ceo and by the board of directors. The 990 draft was sent to the board for their review and comments, with 3-5 business days allowed for questions and comments. The ceo was available for discussion and questions that board members raised.

Form 990, Part VI, Section B, Line 12C

Officers, board members and all employees are asked to complete an annual conflict of interest disclosure. These are reviewed by the compliance officer and any conflicts are reviewed and monitored at the board level. If a transaction arises that involves a potential conflict of interest, the interested person is required to disclose its existence, after which they leave the meeting while the remaining board/committee members determine whether an actual conflict exists. The conflicted individual may present relevant information and answer questions, but is otherwise excluded from all discussions and votes related to the transaction. The board/committee may evaluate alternatives that do not include a conflict of interest. After exercising due diligence, the board/committee evaluates alternatives and votes on whether to enter the transaction. If the board/committee has reason to believe an individual failed to disclose a conflict, the individual is given the opportunity to explain the alleged failure. If the individual did fail to disclose a conflict, appropriate disciplinary and corrective actions are taken.

Form 990, Part VI, Section B, Line 15A

When hiring, compensation ranges are compared to industry benchmarks for reasonableness. The rose villa board executive committee reviews and approves ceo pay annually based on performance. Goals and achievements are annually reviewed and used to determine compensation. When hiring, the ceo determines other key salaries with the use of outside wage surveys. Senior management compensation is compared with industry compensation every 3 to 5 years.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Rose Villa Inc
EIN
93-0471873
Phone
5036543171
Address
13505 SE RIVER ROAD, PORTLAND, OR 97222

Signing Officer

Name
Glen Lewis
Title
CEO
Phone
5036543171
Signed
2025-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glen Lewis
Formed
1957
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
284
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Kurt Bennion CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized gain on derivative instrument 1,078,347.

FORM 990, PART XII, LINE 2C:

The organization's authority and process for selecting the financial statement auditor and for overseeing the financial statement audit did not change during the year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds support the wesley wise program, which was established to acknowledge and support rose villa employees.

PART X, LINE 2:

Rose villa is a tax-exempt organization pursuant to internal revenue code (irc) section 501(a) as organizations described by the irc section 501(c)(3) and applicable state laws; therefore, no provision for income taxes has been made in the accompanying financial statements. Rose villa follows the provisions of the organization standards codification topic 740, income taxes, relating to unrecognized tax benefits. This standard requires an entity to recognize a liability for tax positions when there is a 50% or greater likelihood that the position will not be sustained upon examination. Rose villa is liable for taxes to the extent of any unrelated business income as defined by the internal revenue service (irs) regulations. Rose villa believes that it has not generated any unrelated business income as defined by irs regulations and that it is more likely than not that this position would be sustained upon examination. As such, there were no liabilities recorded for uncertain tax positions as of december 31, 2024 and 2023.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 10,846. Unrealized gain on derivative instrument 1,078,347.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Gain on involuntary conversion 102,849. Net investment return 20,364. Expenses netted against revenues in the financial statements 33,000.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of fixed assets 10,846.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Expenses netted against revenues in the financial statements 33,000.

Raw XML AppendixShowing 400 of 936 raw XML fields

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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