Civic Intelligence

Terwilliger Plaza Inc.

990 • Fiscal year 2020 • EIN 93-0477890

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

2545 SW Terwilliger BlvdPortland, OR 97201

(503) 226-4911

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.79x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

4.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

54th percentile

5.3%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

25th percentile

$289,692

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

54th percentile

6.7%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

6.2%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$106,881,043

Up $6,708,282 (+6.7%) from 2019

Net Assets

Up

$22,895,638

Up $1,156,761 (+5.3%) from 2019

Liabilities

Up

$83,985,405

Up $5,551,521 (+7.1%) from 2019

Revenue

Up

$19,753,070

Up $1,150,702 (+6.2%) from 2019

Expenses

Up

$18,715,699

Up $258,662 (+1.4%) from 2019

Net Income

Up

$1,037,371

Up $892,040 (+614%) from 2019

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $88,558,168Liabilities 2010: $82,242,994Net Assets 2010: $6,315,1742010Assets 2011: $86,359,007Liabilities 2011: $78,440,381Net Assets 2011: $7,918,6262011Assets 2012: $87,161,528Liabilities 2012: $77,853,094Net Assets 2012: $9,308,4342012Assets 2013: $91,405,383Liabilities 2013: $78,010,650Net Assets 2013: $13,394,7332013Assets 2014: $92,845,330Liabilities 2014: $76,838,685Net Assets 2014: $16,006,6452014Assets 2015: $91,699,397Liabilities 2015: $74,690,839Net Assets 2015: $17,008,5582015Assets 2016: $92,893,535Liabilities 2016: $73,743,336Net Assets 2016: $19,150,1992016Assets 2017: $93,984,312Liabilities 2017: $72,568,628Net Assets 2017: $21,415,6842017Assets 2018: $91,296,047Liabilities 2018: $71,646,349Net Assets 2018: $19,649,6982018Assets 2019: $100,172,761Liabilities 2019: $78,433,884Net Assets 2019: $21,738,8772019Assets 2020: $106,881,043Liabilities 2020: $83,985,405Net Assets 2020: $22,895,6382020Assets 2021: $265,312,962Liabilities 2021: $241,430,211Net Assets 2021: $23,882,7512021Assets 2022: $272,053,829Liabilities 2022: $256,171,738Net Assets 2022: $15,882,0912022Assets 2023: $316,428,533Liabilities 2023: $285,328,001Net Assets 2023: $31,100,5322023Assets 2024: $268,180,506Liabilities 2024: $236,322,535Net Assets 2024: $31,857,9712024

Highlighted filing

2020

Assets$106,881,043
Liabilities$83,985,405
Net Assets$22,895,638

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $13,959,6632010Expenses 2011: $14,319,3182011Revenue 2012: $16,755,792Expenses 2012: $15,307,032Net Income 2012: $1,448,7602012Revenue 2013: $17,165,363Expenses 2013: $14,595,904Net Income 2013: $2,569,4592013Revenue 2014: $18,512,530Expenses 2014: $15,296,308Net Income 2014: $3,216,2222014Revenue 2015: $18,450,672Expenses 2015: $16,121,929Net Income 2015: $2,328,7432015Revenue 2016: $18,321,068Expenses 2016: $16,870,975Net Income 2016: $1,450,0932016Revenue 2017: $17,591,185Expenses 2017: $15,084,503Net Income 2017: $2,506,6822017Revenue 2018: $17,573,978Expenses 2018: $16,711,628Net Income 2018: $862,3502018Revenue 2019: $18,602,368Expenses 2019: $18,457,037Net Income 2019: $145,3312019Revenue 2020: $19,753,070Expenses 2020: $18,715,699Net Income 2020: $1,037,3712020Revenue 2021: $20,690,641Expenses 2021: $20,223,213Net Income 2021: $467,4282021Revenue 2022: $18,469,519Expenses 2022: $20,390,300Net Income 2022: -$1,920,7812022Revenue 2023: $21,950,616Expenses 2023: $23,519,564Net Income 2023: -$1,568,9482023Revenue 2024: $33,236,273Expenses 2024: $32,815,842Net Income 2024: $420,4312024

Highlighted filing

2020

Revenue$19,753,070
Expenses$18,715,699
Net Income$1,037,371
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$30,154,087
Mission and Program Overview

Mission

Terwilliger Plaza empowers members to maintain active and engaged lives within a supportive residential community by providing a stimulating environment and embracing representative self-governance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$71,081,260$77,164,329▲ $6,083,069
Investments in Publicly Traded Securities$23,780,252$22,734,325▼ $1,045,927
Savings and Temporary Cash Investments$575,226$2,837,336▲ $2,262,110
Cash and Non-Interest-Bearing Accounts$2,236,867$1,613,899▼ $622,968
Prepaid Expenses and Deferred Charges$770,876$581,868▼ $189,008
Other Notes and Loans Receivable, Net$213,455$305,665▲ $92,210
Accounts Receivable$151,483$218,938▲ $67,455
Inventories for Sale or Use$45,248$44,529▼ $719
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$100,172,761$106,881,043▲ $6,708,282
Other Assets Total$1,318,094$1,380,154▲ $62,060
Liabilities
Tax Exempt Bond Liabilities$28,957,244$34,009,371▲ $5,052,127
Deferred Revenue$28,221,494$27,443,665▼ $777,829
Other Liabilities$19,449,997$20,840,350▲ $1,390,353
Accounts Payable and Accrued Expenses$1,805,149$1,692,019▼ $113,130
Total Liabilities$78,433,884$83,985,405▲ $5,551,521
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,738,877$22,895,638▲ $1,156,761
Total Net Assets Fund Balance$21,738,877$22,895,638▲ $1,156,761
Total Liabilities and Net Assets / Fund Balance$100,172,761$106,881,043▲ $6,708,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$51,867,619$35,516,215$87,383,834
Land$13,354,975-$13,354,975
Other Land Buildings$9,809,292$2,699,742$12,509,034
Equipment$2,132,443$6,608,717$8,741,160
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert JohnsonPresident & CEOFT$259,229$30,463$289,692
Judy O'DonnellVP & CFOFT$154,709$12,625$167,334
Amanda BrenchleyVP of Health & WelFT$114,264$10,226$124,490
Lucas MallyVP FacilitiesFT$102,577$12,363$114,940
Jared BrownRegistered NurseFT$102,097$9,423$111,520
Rob HaysCOO (Jan-Jun)FT$86,164$6,919$93,083
Bret CopeCOO (July-Dec)FT$77,347$2,216$79,563

Board Members and Trustees

NameTitle
Linda MatherChaiR
Ronald MabenVice Chair
Bernie ThurberDirector
Diana WhiteDirector
Eric WielandDirector
Harley SpringDirector
Harmon LaurinDirector
Mary Lou StewartDirector
Roger WirtDirector
Elizabeth HindsSecretary
Roberta TaussigTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Moss Properties IncGeneral ContractorPO Box 27, Astoria, OR 97103$2,038,153
LRS Architects IncArchitects720 W Davis St Ste 300, Portland, OR 97209$1,249,504
Morrison Community LivingDining ContractPO Box 102289, Atlanta, GA 30368$1,014,107
Daikin AppliedContractor24827 Network Plaza, Chicago, IL 60673$602,910
Solutions AdvisorsMarketing12425 28th Street N, St Petersburg, FL 33716$524,935
Revenue and Support

Revenue Composition

Contributions and Grants
$555,828
Program Service Revenue
$17,159,793
Investment Income
$2,181,320
Other Revenue
$-143,871
All Other Contributions
$79,560
Change in Net Assets
$1,037,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,106,531
Salaries, Compensation, and Employee Benefits$8,609,168
Total Fundraising Expense$72,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,998,886$542,958-$6,541,844
Depreciation Depletion$3,518,983$185,210-$3,704,193
Occupancy$1,273,716--$1,273,716
Fees for Services Other$879,676$242,283$1,721$1,123,680
Interest$970,762$51,093-$1,021,855
Other Employee Benefits$793,624$98,292-$891,916
Payroll Taxes$538,642$177,365-$716,007
Insurance$389,814$20,516-$410,330
All Other Expenses$197,121$152,673$4,118$353,912
Current Officers, Directors, Trustees, and Key Employees-$244,416$66,232$310,648
Advertising$118,475$41,723-$160,198
Pension Plan Contributions$147,327$1,426-$148,753
Fees for Service Investment Mgmnt Fees-$104,387-$104,387
Fees for Services Legal-$88,120-$88,120
Other Expenses$479,666$76,529$159$76,529
Fees for Services Accounting-$46,778-$46,778
Travel$1,657$20,623-$22,280
Total Functional Expenses$16,536,188$2,107,281$72,230$18,715,699
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
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
Refundable Fees$18,497,881
Reservation Fee Deposits$2,059,879
pAYABLE TO fOUNDATION$212,873
Gift Annuity Contracts$66,422
Other Deposits$3,295

Bond Issues

BondIssuerIssuedIssue PricePurpose
CThe Hospital facilities a2019-08-15$25,000,000Parkview project
AThe Hospital Facilities a2012-10-31$18,245,000REFUND 1999 BOND
BThe Hospital Facilities a2016-06-15$15,670,842Refund 2006 Bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$25,000,000---
A$18,245,000-$6,845,000$313,416
B$15,670,842-$4,105,842$462,500

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
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 6: Explanation of Classes of Members or Shareholder

All residents of terwilliger plaza are members of the organization.

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

prior to filing the form 990 is first reviewed by the organizations's cfo with the oversight of the CEO. The 990 is then presented to the Finance Committee for review. The Finance Committee proposes acceptance of the Form for Board approval.

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

Board members are required to read and sign a conflict of interest policy agreement annually and to disclose all conflicts of interest immediately as they occur. They are disqualified from voting on any matters for which a confict exists. The board then evaluates the conflict and determines appropriate action.

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

The board chair appoints a CEO compensation committee composed of independent members. The Committee considers the following:-the mission of Terwilliger Plaza and the CEO's role in carrying out that mission -comparability of compensation received by CEO's of similar size CCRC's in Oregon and Washington-the results of the CEO performance evaluation-benefit packages available-the capacity of the Terwilliger Plaza budget and expected revenues-any salary or compensation scale that the Terwilliger Plaza Board may establishThe Committee presents their recommendations of CEO total compensation to the Board. The board then votes on the executive compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Other key employees and officers do not report directly to the board of directors. Wage scales are reviewed annually by the human resources department and approved by the president/ceo.

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

the organization's financial statements are kept in the library and are available for public viewing. All other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Terwilliger Plaza Inc
EIN
93-0477890
Phone
5032264911
Address
2545 SW Terwilliger Blvd, Portland, OR 97201

Signing Officer

Name
Judy O'Donnell
Title
VP & CFO
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy O'Donnell
Formed
1958
Legal Domicile
Or
Voting Board Members
11
Independent Board Members
11
Employees
263
Volunteers
35

Preparer

Firm
Hansen Hunter & Company Pc
Address
7080 SW FIR LOOP SUITE 100, TIGARD, OR 97223
Preparer
Lou McCollum
Phone
5032442134
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: Food Services - Licensed restaurant provided 33,660 meals to residents of the independent living facility, staff, and visitors. In addition, the main kitchen also prepared, delivered, and serviced 42,414 meals to the residents of the assisted living and residential care facility.

Other Changes In Net Assets Or Fund Balances - Other Increases

PPP Loan Forgiveness received in tax year 2021 = $1382500

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IRS990/Form990PartVIISectionAGrp/PersonNm0Robert Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm1Judy O'Donnell
IRS990/Form990PartVIISectionAGrp/PersonNm2Amanda Brenchley
IRS990/Form990PartVIISectionAGrp/PersonNm3Lucas Mally
IRS990/Form990PartVIISectionAGrp/PersonNm4Jared Brown
IRS990/Form990PartVIISectionAGrp/PersonNm5Rob Hays
IRS990/Form990PartVIISectionAGrp/PersonNm6Bret Cope
IRS990/Form990PartVIISectionAGrp/PersonNm7Ronald Maben
IRS990/Form990PartVIISectionAGrp/PersonNm8Harley Spring
IRS990/Form990PartVIISectionAGrp/PersonNm9Roberta Taussig
IRS990/Form990PartVIISectionAGrp/PersonNm10Harmon Laurin
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Lou Stewart
IRS990/Form990PartVIISectionAGrp/PersonNm12Diana White
IRS990/Form990PartVIISectionAGrp/PersonNm13Linda Mather
IRS990/Form990PartVIISectionAGrp/PersonNm14Roger Wirt
IRS990/Form990PartVIISectionAGrp/PersonNm15Bernie Thurber
IRS990/Form990PartVIISectionAGrp/PersonNm16Eric Wieland
IRS990/Form990PartVIISectionAGrp/PersonNm17Elizabeth Hinds
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP of Health & Wel
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP Facilities
IRS990/Form990PartVIISectionAGrp/TitleTxt4Registered Nurse
IRS990/Form990PartVIISectionAGrp/TitleTxt5COO (Jan-Jun)
IRS990/Form990PartVIISectionAGrp/TitleTxt6COO (July-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13ChaiR
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Secretary
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IRS990/MissionDesc0Terwilliger Plaza empowers members to maintain active and engaged lives within a supportive residential community by providing a stimulating environment and embracing representative self-governance.
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IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD
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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.$268$236$31.9$33.2$32.8$0.42
2023Detailed filing. Detailed filing data is available for this year.$316$285$31.1$22.0$23.5$1.57
2022Detailed filing. Detailed filing data is available for this year.$272$256$15.9$18.5$20.4$1.92
2021Detailed filing. Detailed filing data is available for this year.$265$241$23.9$20.7$20.2$0.47
2020Detailed filing. Detailed filing data is available for this year.$107$84.0$22.9$19.8$18.7$1.04
2019Detailed filing. Detailed filing data is available for this year.$100$78.4$21.7$18.6$18.5$0.15
2018Detailed filing. Detailed filing data is available for this year.$91.3$71.6$19.6$17.6$16.7$0.86
2017Detailed filing. Detailed filing data is available for this year.$94.0$72.6$21.4$17.6$15.1$2.51
2016Detailed filing. Detailed filing data is available for this year.$92.9$73.7$19.2$18.3$16.9$1.45
2015Detailed filing. Detailed filing data is available for this year.$91.7$74.7$17.0$18.5$16.1$2.33
2014Detailed filing. Detailed filing data is available for this year.$92.8$76.8$16.0$18.5$15.3$3.22
2013Detailed filing. Detailed filing data is available for this year.$91.4$78.0$13.4$17.2$14.6$2.57
2012Summary only. Only limited summary data is available for this year.$87.2$77.9$9.31$16.8$15.3$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.4$78.4$7.92$14.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.6$82.2$6.32$14.0