LOYAL HEIGHTS MANOR C/O COAST REAL ESTATE SERVICES INC

EIN: 911044719 501(c)(3) Housing & Shelter

EVERETT, WA

Total Revenue
$1,403,319
Total Expenses
$1,558,391
Total Assets
$6,579,859
Net Assets
$-620,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
WA
Principal Officer
ROBERT REETZ
Phone
8003393634
Tax Period
2024-04-01 to 2025-03-31

LOYAL HEIGHTS MANOR C/O COAST REAL ESTATE SERVICES INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE ELDERLY OR PERSONS OF DISABILITY ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES TO MEET THEIR PHYSICAL AND SOCIAL NEEDS AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1
Expenses: $1,498,284 Revenue: $582,497

LOYAL HEIGHTS IS A NON-PROFIT WASHINGTON STATE CORPORATION INCORPORATED ON OCTOBER 4, 1978, WHICH HOLDS LEGAL TITLE TO THE PROJECT. THE PROJECT IS A 54-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY...

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LOYAL HEIGHTS IS A NON-PROFIT WASHINGTON STATE CORPORATION INCORPORATED ON OCTOBER 4, 1978, WHICH HOLDS LEGAL TITLE TO THE PROJECT. THE PROJECT IS A 54-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY AND PERSONS OF DISABILITY LOCATED IN SEATTLE, WASHINGTON. THE PROJECT IS OPERATED UNDER HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 AND SECTION 8. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN PROGRAM. THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

Program 2

PROVIDE ASSISTANCE TO ELDERLY AND MISSIONARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $820,822
Program Service Revenue $331,768
Investment Income $198,010
Other Revenue $52,719
TOTAL REVENUE $1,403,319

Expense Breakdown

Grants Paid $550,000
Salaries & Benefits $249,516
Fundraising Expenses $0
Program Expenses $1,498,284
Other Expenses $758,875
TOTAL EXPENSES $1,558,391

Year-over-Year Comparison

2024 2023 Change
Revenue $1,403,319 $1,415,436 0.0%
Expenses $1,558,391 $1,158,452 +0.3%
Net Income $-155,072 $256,984 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT REETZ PRESIDENT 1.00
Officer Director
$0 $0 $0
AMY TURNBULL SECRETARY 1.00
Officer Director
$0 $0 $0
LARS EGGEHORN VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID PITNEY DIRECTOR 1.00
Director
$0 $0 $0
ROGER DAHL TREASURER 1.00
Officer Director
$0 $0 $0
SAMUEL BRODLAND VICE-PRESIDENT 1.00
Officer 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
2025 $1,403,319 $1,558,391 $6,579,859 $-155,072
2024 $1,415,436 $1,158,452 $6,869,139 $256,984
2023 $1,139,702 $1,218,579 $6,752,269 $-78,877
2022 $903,742 $1,128,616 $6,957,756 $-224,874
2021 $281,567 $347,931 $7,518,228 $-66,364
2020 $978,358 $918,794 $7,601,489 $59,564
2019 $1,032,194 $1,067,303 $7,818,454 $-35,109
2018 $921,531 $900,671 $7,845,056 $20,860
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