EASTSIDE RETIREMENT ASSOCIATION

EIN: 911261904 501(c)(3) Human Services

REDMOND, WA

Total Revenue
$55,444,942
Total Expenses
$40,276,177
Total Assets
$367,807,951
Net Assets
$115,754,934
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Principal Officer
AL CHAMBARD
Phone
4255568100
Tax Period
2024-01-01 to 2024-12-31

EASTSIDE RETIREMENT ASSOCIATION, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $55.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.2M, a strong 27% operating margin.

Mission

EMERALD HEIGHTS IS A NOT-FOR-PROFIT NON-DENOMINATIONAL LIFE PLAN RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF LIVING ACCOMMODATIONS, SUPPORTIVE SERVICES, AND HEALTH CARE FOR RESIDENTS 55 YEARS OF AGE AND OLDER. AS A LIFE PLAN RETIREMENT COMMUNITY ON THE EASTSIDE OF PUGET SOUND, THE ORGANIZATION OFFERS A WIDE RANGE OF QUALITY PROGRAMS, SERVICES AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL AND INTELLECTUAL NEEDS OF ITS RESIDENTS AND TO SERVE THE BROADER COMMUNITY. EMERALD HEIGHTS IS OPERATED TO FULFILL ITS MISSION OF SERVICE WHILE REMAINING TRUE TO ITS CORE VALUES OF INTEGRITY, STEWARDSHIP, EMPOWERMENT, FAITH, CHANGE AND CHOICE. THE ORGANIZATION IS OWNED AND OPERATED BY EASTSIDE RETIREMENT ASSOCIATION. THE ASSOCIATION'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL COMMUNITY MEMBERS, EMERALD HEIGHTS' RESIDENTS AND HERON'S KEY RESIDENT, ALL DEDICATED TO THE MISSION OF EMERALD HEIGHTS AND TO ENSURE IT CONTINUES TO MAINTAIN ITS HIGH STANDARDS OF EXCELLENCE AND REMAINS FINANCIALLY SOUND.

Program Service Accomplishments

Program 1
Expenses: $24,259,517 Revenue: $38,875,930

INDEPENDENT LIVING SENIOR HOUSING AND SERVICES: EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) PROVIDES SAFE AND SECURE SENIOR HOUSING AND SERVICES TO APPROXIMATELY 534 INDEPENDENT LIVING...

Read more

INDEPENDENT LIVING SENIOR HOUSING AND SERVICES: EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) PROVIDES SAFE AND SECURE SENIOR HOUSING AND SERVICES TO APPROXIMATELY 534 INDEPENDENT LIVING RESIDENTS IN THE ORGANIZATION'S 375 APARTMENTS. THE ORGANIZATION PROVIDES MANY SUPPORT SERVICES, INCLUDING MEAL SERVICES PROVIDED IN A CENTRAL DINING ROOM, FITNESS AND EXERCISE CLASSES, EQUIPMENT AND SWIMMING POOL, WELLNESS PROGRAMS, SOCIAL PROGRAMS, A WIDE VARIETY OF RESIDENT ACTIVITIES, BOTH ON SITE AND OTHER LOCATIONS, TRANSPORTATION TO MEDICAL APPOINTMENTS AND GROCERY STORES, BANKS, AND SPECIAL ACTIVITIES, SPIRITUAL SERVICES, CHAPEL AND AN ON-SITE CHAPLAIN. ALL RESIDENTS HAVE UNLIMITED ACCESS TO ASSISTED LIVING AND SKILLED NURSING HEALTH CARE.(CONTINUED IN SCHEDULE O)EMERALD HEIGHTS WAS FINANCED WITH BONDS ISSUED BY THE WASHINGTON STATE HOUSING FINANCE COMMISSION. THROUGH A SEPARATE REGULATORY AGREEMENT WITH THE WASHINGTON STATE HOUSING FINANCE COMMISSION, EMERALD HEIGHTS HAS SET ASIDE 25% OF ALL UNITS FOR LOWER-INCOME HOUSEHOLDS AS DEFINED BY THE COMMISSION. EMERALD HEIGHTS IS A TYPE A EXTENSIVE CONTRACT LIFE PLAN RETIREMENT COMMUNITY. AS A TYPE A FACILITY IN THE STATE OF WASHINGTON, NO RESIDENT OF EMERALD HEIGHTS MAY UTILIZE TAX-PAYER FUNDED PUBLIC ASSISTANCE PROGRAMS SUCH AS MEDICAID. EMERALD HEIGHTS PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO, FOR REASONS BEYOND THEIR CONTROL, BECOME UNABLE TO PAY THEIR MONTHLY SERVICE FEES.AS A NOT-FOR-PROFIT, MISSION-DRIVEN ORGANIZATION, REVENUES GENERATED IN EXCESS OF EXPENSES ARE INVESTED AND HELD AS RESERVES TO ENSURE ALL CURRENT AND FUTURE CONTRACTUAL OBLIGATIONS CAN BE FULLY MET, TO REPLACE FACILITY AND PROGRAM ASSETS AS NEEDED AND TO ALLOW PRUDENT EXPANSION OF THE MISSION. EMERALD HEIGHTS PROVIDES OPPORTUNITIES FOR RESIDENTS AND STAFF TO INTERACT WITHIN THE EMERALD HEIGHTS COMMUNITY, THE GREATER REDMOND COMMUNITY AND BEYOND BY ESTABLISHING JOINT RESIDENT/STAFF COMMITTEES, ESTABLISHING CLOSE TIES WITH COMMUNITY FACILITIES SUCH AS REDMOND HIGH SCHOOL, AND DEVELOPING COMMUNITY OUTREACH SERVICES AND PROGRAMS CONSISTENT WITH ITS MISSION. EMERALD HEIGHTS RECRUITS, DEVELOPS AND RETAINS COMPETENT AND CARING STAFF WHO SHARE THE ORGANIZATION'S PRINCIPLES, VALUES AND STANDARDS BY MAINTAINING OPEN COMMUNICATION AND STRESSING TEAM WORK THAT BUILDS UP THE SPIRIT OF COMMUNITY, AND DEVELOPING STANDARDS OF PERFORMANCE FOR EVALUATION BASED ON POSITION DESCRIPTIONS, AND PROVIDING FAIR, COMPETITIVE COMPENSATION AND BENEFITS.

Program 2
Expenses: $7,909,481 Revenue: $4,278,097

SKILLED NURSING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 61 SKILLED NURSING BEDS THAT PROVIDE HOUSING, CARE AND NURSING SERVICES TO RESIDENTS THAT NEED THIS HIGHER LEVEL OF CARE...

Read more

SKILLED NURSING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 61 SKILLED NURSING BEDS THAT PROVIDE HOUSING, CARE AND NURSING SERVICES TO RESIDENTS THAT NEED THIS HIGHER LEVEL OF CARE. SERVICES IN THIS AREA MAY BE SHORT TERM TO PROVIDE NEEDED CARE TO REHABILITATE AFTER AN ILLNESS OR INJURY. THE SKILLED NURSING FACILITY ALSO PROVIDES LONG-TERM CUSTODIAL CARE FOR THOSE RESIDENTS NEEDING THIS HIGHER LEVEL OF HEALTH CARE. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF HEALTH CARE, SUPPORT SERVICES, SOCIAL AND PROGRAM ACTIVITIES ARE AVAILABLE TO ASSIST AND CARE FOR RESIDENTS. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT.

Program 3
Expenses: $2,093,259 Revenue: $2,343,964

ASSISTED LIVING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 56 ASSISTED LIVING APARTMENTS THAT PROVIDE LONG-TERM HOUSING AND SERVICES TO RESIDENTS THAT NEED MORE CARE THAN INDEPENDENT...

Read more

ASSISTED LIVING HOUSING, SERVICES AND HEALTH CARE: EMERALD HEIGHTS HAS 56 ASSISTED LIVING APARTMENTS THAT PROVIDE LONG-TERM HOUSING AND SERVICES TO RESIDENTS THAT NEED MORE CARE THAN INDEPENDENT LIVING RESIDENTS. ROOM AND BOARD ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF SUPPORT SERVICES ARE AVAILABLE TO ASSIST WITH ACTIVITIES OF DAILY LIVING AND MEMORY CARE FOR THOSE RESIDENTS WITH DEMENTIA. SOCIAL AND PROGRAM ACTIVITIES ARE PROVIDED. SOME OF THESE SERVICES ARE PROVIDED AT ADDITIONAL COST TO THE RESIDENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $302,382
Program Service Revenue $45,497,991
Investment Income $9,492,573
Other Revenue $151,996
TOTAL REVENUE $55,444,942

Expense Breakdown

Grants Paid $1,243,672
Salaries & Benefits $17,315,442
Fundraising Expenses $0
Program Expenses $34,262,257
Other Expenses $21,717,063
TOTAL EXPENSES $40,276,177

Year-over-Year Comparison

2024 2023 Change
Revenue $55,444,942 $47,341,332 +0.2%
Expenses $40,276,177 $35,515,353 +0.1%
Net Income $15,168,765 $11,825,979 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
423
Volunteers
12

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
10
$1,579,044
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWIGHT WHITING CHAIR 2.00
Officer Director
$0 $0 $0
DAPHNE SCHNEIDER VICE CHAIR 1.00
Officer Director
$0 $0 $0
DANNA VANHORN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID HUDSON TREASURER 1.00
Officer Director
$0 $0 $0
KAREN COHOE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CRIST DIRECTOR 1.00
Director
$0 $0 $0
JILL GUERNSEY DIRECTOR 1.00
Director
$0 $0 $0
JEFF JONES DIRECTOR 1.00
Director
$0 $0 $0
GARY KING DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
DEWAYNE MCMULLIN DIRECTOR 1.00
Director
$0 $0 $0
JUDY RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
LISA HARDY PRESIDENT & CEO (THROUGH DEC 2024) 15.00
Officer
$0 $51,536 $695,453
DIANA JAMISON CFO (THROUGH JANUARY 2024) 20.00
Officer
$0 $1,620 $107,564
KAY WALLIN VP OF MARKETING PUBLIC RELATIONS (THROUGH JUNE 2024) 22.50
Officer
$0 $22,107 $296,069
DENISA FEDDERSON CFO (AS OF JANUARY 2024) 15.00
Officer
$0 $12,893 $304,136
AL CHAMBARD INTERIM CEO (AS OF NOVEMBER 2024) 15.00
Officer
$0 $0 $79,153
SANDRA COOK VP OF MARKETING & PUBLIC RELATIONS (AS OF JULY 2024) 22.50
Officer
$0 $364 $96,669
ELIZABETH AZCONA REGISTERED NURSE/RN 50.00
Highest
$184,683 $21,536 $206,219
JOANNE O'NEILL CERTIFIED NURSING ASSISTANT 50.00
Highest
$147,199 $13,408 $160,607
JAMILYNN BLOODWORTH HEALTH SERVICES ADMINISTRATOR 50.00
Highest
$165,186 $6,215 $171,401
BERNADETTE KAMARI LICENSED PRACTICAL NURSE 50.00
Highest
$132,853 $13,289 $146,142
CHRISTOPHER SWEDISH DIRECTOR OF FACILITIES 50.00
Highest
$150,655 $223 $150,878
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 $55,444,942 $40,276,177 $367,807,951 $15,168,765
2023 $47,341,332 $35,515,353 $351,659,108 $11,825,979
2022 $40,431,996 $31,712,035 $231,812,858 $8,719,961
2021 $37,597,342 $41,335,711 $226,847,033 $-3,738,369
2020 $38,044,645 $32,568,860 $226,332,778 $5,475,785
2019 $37,721,266 $30,566,001 $217,251,044 $7,155,265
2018 $36,551,483 $29,821,593 $199,646,779 $6,729,890
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare EASTSIDE RETIREMENT ASSOCIATION with other nonprofits in Washington and across the country.