LAKE CHELAN SENIOR HOUSING INC

EIN: 911719617 501(c)(3) Human Services

CHELAN, WA

Total Revenue
$2,423,644
Total Expenses
$1,701,199
Total Assets
$1,963,312
Net Assets
$335,977
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WA
Principal Officer
MELISSA ROBBINS
Phone
5096821998
Tax Period
2023-01-01 to 2023-12-31

LAKE CHELAN SENIOR HOUSING INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $722K, a strong 30% operating margin.

Mission

HERITAGE HEIGHTS IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WITH A BOARD OF DIRECTORS COMPRISED OF LOCAL LEADERS, ACCOUNTABLE TO THE RESIDENTS OF THE LAKE CHELAN VALLEY FOR THE CARE OF OUR ELDERS. HERITAGE HEIGHTS IS AN INNOVATOR, ACTIVELY PARTICIPATING IN CULTURE CHANGE THAT EMPOWERS ELDERS TO MAKE DECISIONS AFFECTING THEIR LIVES AND HOW THEY LIVE ON A DAILY BASIS.

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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 $1,061,561
Program Service Revenue $1,352,304
Investment Income $9,779
Other Revenue $0
TOTAL REVENUE $2,423,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $985,543
Fundraising Expenses $0
Program Expenses $1,537,602
Other Expenses $715,656
TOTAL EXPENSES $1,701,199

Year-over-Year Comparison

2023 2022 Change
Revenue $2,423,644 $1,494,606 +0.6%
Expenses $1,701,199 $1,525,180 +0.1%
Net Income $722,445 $-30,574 -24.6%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
8
Employees
42
Volunteers
10

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ROBINS BOARD CHAIRMAN 10.00
Officer Director
$0 $0 $0
SUSIE HEPNER VICE CHAIR 5.00
Officer Director
$0 $0 $0
LESLIE MYERS SECRETARY 5.00
Officer Director
$0 $0 $0
SALLY HARPER SECRETARY 2.00
Officer Director
$0 $0 $0
STEVE FIRMAN TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE BAIN MEMBER 1.00
Director
$0 $0 $0
SHARON LUKACS MEMBER 1.00
Director
$0 $0 $0
MATTHEW RUSSELL MEMBER 2.00
Director
$0 $0 $0
DAN WEAKLY 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 $2,423,644 $1,701,199 $1,963,312 $722,445
2022 $1,494,606 $1,525,180 $1,279,426 $-30,574
2021 $1,137,102 $1,298,787 $1,327,307 $-161,685
2020 $1,254,501 $1,201,984 $1,441,445 $52,517
2019 $1,160,360 $1,143,043 $1,478,465 $17,317
2018 $1,137,795 $1,112,880 $1,508,762 $24,915
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