SENIOR HOMES FOUNDATION OF EASTERN WASHINGTON

EIN: 911933100 501(c)(3) Philanthropy & Grantmaking

SPOKANE, WA

Total Revenue
$237,681
Total Expenses
$651,463
Total Assets
$4,806,590
Net Assets
$4,802,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WA
Principal Officer
STEVE WILLIAMS
Phone
5094897612
Tax Period
2024-04-01 to 2025-03-31

SENIOR HOMES FOUNDATION OF EASTERN WASHINGTON, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $238K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $651K exceeded revenue, resulting in a 174% operating deficit.

Mission

THE FOUNDATION SECURES CHARITABLE CONTRIBUTIONS TO FUND PROGRAMS AND SERVICES THAT ENHANCE THE WELL-BEING, INDEPENDENCE, SECURITY AND DIGNITY OF THE RESIDENTS OF THE LILAC PLAZA, LILAC TERRACE, AND HOLMAN GARDENS RETIREMENT COMMUNITIES AND VARIOUS RENTAL PROPERTIES WHICH ARE FACILITIES OF SPOKANE BAPTIST ASSOCIATION HOMES (SBAH).

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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 $24,100
Program Service Revenue $19,800
Investment Income $193,781
Other Revenue $0
TOTAL REVENUE $237,681

Expense Breakdown

Grants Paid $525,943
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $621,145
Other Expenses $125,520
TOTAL EXPENSES $651,463

Year-over-Year Comparison

2024 2023 Change
Revenue $237,681 $998,304 -0.8%
Expenses $651,463 $501,615 +0.3%
Net Income $-413,782 $496,689 -1.8%
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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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
4
$21,818
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA WARREN DEVELOPMENT 10.00
Officer
$0 $0 $21,818
STEVE WILLIAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
CHUCK POTTER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SIMON WAY SECRETARY/TR 1.00
Officer Director
$0 $0 $0
SHEILA SPAIN DIRECTOR 1.00
Director
$0 $0 $0
LYNN HUFFMAN DIRECTOR 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
2025 $237,681 $651,463 $4,806,590 $-413,782
2024 $998,304 $501,615 $5,201,731 $496,689
2023 $162,518 $226,145 $4,244,004 $-63,627
2022 $328,376 $232,463 $4,569,129 $95,913
2021 $242,139 $157,416 $4,623,809 $84,723
2020 $120,108 $220,155 $3,811,259 $-100,047
2019 $147,690 $159,576 $4,164,247 $-11,886
2018 $590,052 $236,912 $4,234,490 $353,140
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