PARK PLACE RHF HOUSING

EIN: 311717824 501(c)(3) Housing & Shelter

LONG BEACH, CA

Total Revenue
$7,334,334
Total Expenses
$7,563,049
Total Assets
$10,762,736
Net Assets
$-17,826,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
WA
Principal Officer
STUART HARTMAN
Phone
5622575100
Tax Period
2023-01-01 to 2023-12-31

PARK PLACE RHF HOUSING, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $7.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING OPTIONS FOR OLDER ADULTS IN AN ENVIRONMENT THAT ENHANCES THEIR QUALITY OF LIFE PHYSICALLY, MENTALLY, AND SPIRITUALLY.

Program Service Accomplishments

Program 1
Expenses: $6,277,767 Revenue: $7,333,723

PARK PLACE RHF HOUSING IS A NOTFORPROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOTFORPROFIT STATUTES OF THE STATE OF WASHINGTON. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 154 UNIT...

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PARK PLACE RHF HOUSING IS A NOTFORPROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOTFORPROFIT STATUTES OF THE STATE OF WASHINGTON. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 154 UNIT COMMUNITY KNOWN AS PARK PLACE LOCATED IN SEATTLE, WASHINGTON, WHICH PROVIDES ASSISTED LIVING TO LOW INCOME SENIORS. THE CORPORATION'S FIRST MORTGAGE IS INSURED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 232 OF THE NATIONAL HOUSING ACT, AS AMENDED.AT PARK PLACE ASSISTED LIVING, WE ENHANCE THE QUALITY OF LIFE, ARE COMMITTED TO EXEMPLARY SERVICE, AND ARE DEDICATED TO EXCELLENCE.PARK PLACE ASSISTED LIVING IS PROUD TO BE PART OF THE RETIREMENT HOUSING FOUNDATION (RHF). RHF IS ONE OF THE NATION'S LARGEST NONPROFIT PROVIDERS OF HOUSING AND SERVICES FOR OLDER ADULTS, PERSONS WITH DISABILITIES, AND LOW-INCOME FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,318,410
Investment Income $611
Other Revenue $15,313
TOTAL REVENUE $7,334,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,760,292
Fundraising Expenses $0
Program Expenses $6,277,767
Other Expenses $4,802,757
TOTAL EXPENSES $7,563,049

Year-over-Year Comparison

2023 2022 Change
Revenue $7,334,334 $6,889,251 +0.1%
Expenses $7,563,049 $7,081,667 +0.1%
Net Income $-228,715 $-192,416 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
22

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$858,258
Total Directors
7
$0
Key Employees
20
$5,057,122
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARTMAN STUART J PRESIDENT/CEO 0.20
Officer
$0 $68,128 $685,724
AMBERG ROBERT R EXECUTIVE VP GEN COUNSEL 0.20
Key Emp
$0 $49,216 $489,502
ROSSELLO FRANK JR CFO AND VP OF FINANCE 0.20
Key Emp
$0 $25,235 $403,817
FARD BOBBY J VP ACQUIS AND PROJ DEV 0.20
Key Emp
$0 $21,908 $281,127
MAGNONE VINCENT B VP TREASURY & INVSTMT OFF 0.20
Key Emp
$0 $37,102 $283,260
ESCANDON YURI ANDREW VP HOUSING OPERATIONS 0.20
Key Emp
$0 $40,606 $289,428
NAPIERSKIE DAVID W VP HEALTH CARE OPERATIONS 0.20
Key Emp
$0 $41,335 $286,493
BATTAGLIA NADA VP HUMAN RESOURCES 0.20
Key Emp
$0 $46,746 $288,839
TITUS STEPHANIE L VP PHILANTHROPY/CSO 0.20
Key Emp
$0 $49,191 $288,833
GILCHRIST KEVIN DARRELL VP DEVELOPMENT FINANCE 0.20
Key Emp
$0 $48,817 $277,179
RIVERA MICHAEL REG'L MANAGER HEALTH CARE 0.20
Key Emp
$0 $4,520 $228,351
KENNEDY TERESA NURSE TRAINER EXEMPT 0.20
Key Emp
$0 $3,734 $214,382
CLOW JOHN C VP RISK MANAGEMENT 0.20
Key Emp
$0 $18,816 $227,978
PURCELL CHRISTOPHER J CONTROLLER 0.20
Key Emp
$0 $19,731 $216,931
MICKELSON LAVONNE R DIR OF AFFORD HOUSING OPS 0.20
Key Emp
$0 $4,763 $189,381
STECKBECK KENT BUDGET & ANALYTICS DIR 0.20
Key Emp
$0 $5,331 $183,013
ROBINSON TINA M VP HOUSING ACCOUNTING 0.20
Key Emp
$0 $16,482 $193,805
PHELPS LORI ANN INFO SYSTEMS DIRECTOR 0.20
Key Emp
$0 $5,192 $178,269
SILVA JOANNE L VP OCCUPANCY & TAX CREDIT 0.20
Key Emp
$0 $23,842 $190,698
KING DIANE D COMPL AND PRIVACY OFFICER 0.20
Key Emp
$0 $19,443 $187,985
FOX BUCHAN LAURA L CORP SECRETARY & DIR OF CORP RECORDS 0.20
Officer
$0 $18,784 $172,534
YOUNG SEESEE INTERNAL AUDIT DIRECTOR 0.20
Key Emp
$0 $6,199 $157,851
RAGON CHRISTY ANN VP OF COMMUNICATIONS 0.20
Highest
$0 $18,804 $172,776
RICANO PEGGY ACCT MANAGER EXEMPT 0.20
Highest
$0 $18,185 $165,199
INGRAO SALVATORE A DEVEL ACCOUNTING DIR 0.20
Highest
$0 $17,693 $161,075
BUNKHONG DONNA ACCOUNTING LEAD SR. 0.20
Highest
$0 $16,437 $153,960
DO THANH-THANH ACCT MANAGER EXEMPT 0.20
Highest
$0 $16,749 $153,900
BUNN ANDREW TREASURER 0.20
Officer Director
$0 $0 $0
DESAEGHER NORMA N VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
EAST RAYMOND E DIRECTOR 0.20
Director
$0 $0 $0
BAUMAN JOHN DIRECTOR 0.20
Director
$0 $0 $0
MOYER DAVID S DIRECTOR 0.20
Director
$0 $0 $0
HART DONALD G DIRECTOR 0.20
Director
$0 $0 $0
POLLOCK JEFFREY R DIRECTOR 0.20
Director
$0 $0 $0
SEE SCHEDULE JO SALARY DISCLOSURE - PGS 34 & 38 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,334,334 $7,563,049 $10,762,736 $-228,715
2022 $6,889,251 $7,081,667 $11,803,680 $-192,416
2021 $7,027,739 $7,047,042 $11,656,884 $-19,303
2020 $6,884,495 $7,430,409 $11,975,292 $-545,914
2019 $6,595,107 $6,947,056 $12,268,427 $-351,949
2018 $6,233,466 $7,156,499 $12,277,252 $-923,033
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