PARKVIEW SERVICES

EIN: 910828809 501(c)(3) Human Services

LYNNWOOD, WA

Total Revenue
$7,536,522
Total Expenses
$8,101,077
Total Assets
$30,842,894
Net Assets
$3,137,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
WA
Principal Officer
MARC COTE
Phone
2065426610
Tax Period
2023-01-01 to 2023-12-31

PARKVIEW SERVICES, founded in 1967, is a community nonprofit in the Human Services sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

PARKVIEW SERVICES CREATES INCLUSIVE HOUSING SOLUTIONS THAT PROMOTE STABILITY, OPPORTUNITY, AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,360,428 Revenue: $1,748,039

AFFORDABLE HOUSING PROGRAM: PARKVIEWS AFFORDABLE HOUSING PROGRAM BEGAN IN 1997 IN RESPONSE TO AN INCREASING NEED FOR QUALITY AFFORDABLE HOUSING OPTIONS FOR EXTREMELY LOW-INCOME ADULTS WITH IDDS...

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AFFORDABLE HOUSING PROGRAM: PARKVIEWS AFFORDABLE HOUSING PROGRAM BEGAN IN 1997 IN RESPONSE TO AN INCREASING NEED FOR QUALITY AFFORDABLE HOUSING OPTIONS FOR EXTREMELY LOW-INCOME ADULTS WITH IDDS. TENANTS OF THIS PROGRAM ARE REFERRED TO PARKVIEW BY THE WASHINGTON STATE DEVELOPMENTAL DISABILITIES ADMINISTRATION (DDA) AND PAY NO MORE THAN 30% OF THEIR INCOME IN RENT, NO MATTER HOW LOW, WITH SUBSIDY FOR UTILITIES. TENANTS AT EACH HOME RECEIVE SUPPORTIVE LIVING SERVICES FROM ONE OF 16 LICENSED SERVICE PROVIDERS. AFFORDABLE HOUSING ADDED ZERO HOMES IN 2023, AND ONE HOME IN 2022. IN 2023 AND 2022, THE PROGRAM SERVED 205 AND 210 TENANTS, RESPECTIVELY. PARKVIEW SERVICES ALSO PROVIDES MAINTENANCE SERVICES TO AFFORDABLE HOUSING ORGANIZATIONS AND PREPURCHASE HOME REPAIRS TO QUALIFIED HOMEOWNERSHIP CLIENTS.

Program 2
Expenses: $2,658,304 Revenue: $2,384,046

PARKVIEW GROUP HOME: ORIGINALLY ESTABLISHED TO PROVIDE RESIDENTIAL SUPPORT SERVICES FOR CHILDREN WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (IDDS), THE ORGANIZATION SHIFTED ITS SERVICE...

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PARKVIEW GROUP HOME: ORIGINALLY ESTABLISHED TO PROVIDE RESIDENTIAL SUPPORT SERVICES FOR CHILDREN WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (IDDS), THE ORGANIZATION SHIFTED ITS SERVICE POPULATION TO ADULTS TO CONTINUE SERVING THE CHILDREN WHO REACHED ADULT AGE AT PARKVIEW GROUP HOME. CURRENTLY, SIX ADULTS LIVE AT THE GROUP HOME AS CLIENTS. THROUGH THIS PROGRAM, RESIDENTS RECEIVE 24/7 SUPPORTIVE CARE AND LIVE CHOSEN LIVES AS PART OF THEIR LOCAL COMMUNITY. IN 2023 AND 2022, THIS PROGRAM PROVIDED OVER 19,098 AND 15,668 HOURS OF DIRECT SUPPORT SERVICES TO RESIDENTS, RESPECTIVELY.

Program 3
Expenses: $1,269,908 Revenue: $296,058

HOMEOWNERSHIP PROGRAM: SINCE 1996, PARKVIEW HOMEOWNERSHIP PROGRAM HAS PROVIDED NO-COST PRE-PURCHASE HOMEBUYER EDUCATION AND FIRST-TIME HOMEBUYER COUNSELING FOR RESIDENTS OF KING AND SNOHOMISH COUNTY...

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HOMEOWNERSHIP PROGRAM: SINCE 1996, PARKVIEW HOMEOWNERSHIP PROGRAM HAS PROVIDED NO-COST PRE-PURCHASE HOMEBUYER EDUCATION AND FIRST-TIME HOMEBUYER COUNSELING FOR RESIDENTS OF KING AND SNOHOMISH COUNTY AND STATE WIDE SINCE 2020. QUALIFIED FIRST-TIME HOMEBUYERS WITH DISABILITIES OR WHO LIVE WITH A FAMILY MEMBER WITH A DISABILITY ARE ELIGIBLE FOR UP TO 110,000 IN DOWN PAYMENT ASSISTANCE THROUGH THIS PROGRAM. PARKVIEW PROVIDED FOUR HOUSEHOLDS WITH DOWN PAYMENT ASSISTANCE IN 2023 AND SIX HOUSEHOLDS IN 2022. THE HOMEOWNERSHIP PROGRAM ALSO PROVIDES NO-COST MORTGAGE DEFAULT HOUSING COUNSELING AND ADVOCACY TO PREVENT UNNECESSARY FORECLOSURE AND HELP STRUGGLING HOMEOWNERS GET BACK ON TRACK TO FINANCIAL STABILITY. SINCE 2011, OUR MORTGAGE DEFAULT HOUSING COUNSELORS HAVE SERVED OVER 17,800 WASHINGTON RESIDENTS IN ALL COUNTIES. PARKVIEW SERVICES IS CURRENTLY THE LARGEST PROVIDER OF HUD APPROVED HOUSING COUNSELING IN THE STATE. RECENT OUTREACH EFFORTS HAVE CENTERED ON FINANCIAL FRAUD PREVENTION FOR SENIOR CITIZENS AND VETERANS, AS WELL AS FORECLOSURE PREVENTION WORKSHOPS FOR ALL DEMOGRAPHICS. HOMEOWNERS WHO RETAINED THEIR EQUITY REMAINED IN THEIR HOMES AN AVERAGE OF FIVE YEARS AFTER COUNSELING INTAKE. IN 2023 AND 2022, THIS PROGRAM SERVED OVER 1845 AND 1332 CLIENTS, RESPECTIVELY.

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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 $2,018,514
Program Service Revenue $5,144,526
Investment Income $356,582
Other Revenue $16,900
TOTAL REVENUE $7,536,522

Expense Breakdown

Grants Paid $208,844
Salaries & Benefits $5,227,714
Fundraising Expenses $173,521
Program Expenses $7,243,020
Other Expenses $2,664,519
TOTAL EXPENSES $8,101,077

Year-over-Year Comparison

2023 2022 Change
Revenue $7,536,522 $5,085,954 +0.5%
Expenses $8,101,077 $5,259,532 +0.5%
Net Income $-564,555 $-173,578 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
111
Volunteers
58

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
6
$129,067
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC COTE EXECUTIVE DI 40.00
Officer
$115,899 $13,168 $129,067
DENISE RODRIGUEZ EXEC DIR, WH N/A
Highest
$115,164 $11,073 $126,237
NICOLA SHERMAN SUPERINTENDE 40.00
Highest
$102,228 $10,680 $112,908
TIMO NORRING PRESIDENT 1.00
Officer Director
$0 $0 $0
AMANDA REINHARD VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JOE ST JOHN SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN HILL SECRETARY (E 1.00
Officer Director
$0 $0 $0
RAYMOND LACORTE TREASURER 1.00
Officer Director
$0 $0 $0
TIM ADAM BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE MCCLARY BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
TODD PIETZSCH BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN SCHWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
TOM SWANSON BOARD MEMBER 1.00
Director
$0 $0 $0
CAITLIN VELASCO BOARD MEMBER 1.00
Director
$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 $7,536,522 $8,101,077 $30,842,894 $-564,555
2022 $5,085,954 $5,259,532 $29,780,576 $-173,578
2021 $4,962,647 $4,567,976 $27,346,750 $394,671
2020 $3,426,231 $3,733,156 $24,214,726 $-306,925
2019 $3,054,293 $3,421,141 $21,319,466 $-366,848
2018 $3,684,881 $3,279,274 $19,599,546 $405,607
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