The Lutheran Retirement Home of Greater Seattle
Also known as The Hearthstone
The Lutheran Retirement Home of Greater Seattle reported $21.8 million in revenue and $28.6 million in expenses for calendar year 2024. Of every $100 it spent, $85.69 went to program services, $14.31 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 88.8% of the total. The highest compensation it reported for one person was $314,326 (CHIEF EXECUTIVE OFFICER). 15 people received more than $100,000 in reportable compensation. Revenue rose 15% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $29MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 88.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $314,326 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.10% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 15 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -3.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe hearthstone owns and operates a life plan community ("lakeside") located in seattle, washington, that includes 109 independent living apartments, a second facility ("cove west") that includes 27 independent living apartments, and a third facility ("cove east") with 22 independent living apartments. Lakeside also includes a 40-bed nursing care facility, a 36-unit assisted living area, and 12 memory care apartments. The hearthstone also provides daily activities, three meals a day, rehabilitation services for wellness to recovery, and hospice services. The chapel is open for weekly vesper…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $281,274 | $0 | $33,052 | $314,326 |
| REGISTERED NURSE Highest compensated employee, 40.00 hrs/week | $187,360 | $0 | $33,494 | $220,854 |
| SENIOR HEALTH SERVICES DIRECTOR Key employee, 40.00 hrs/week | $185,722 | $0 | $21,125 | $206,847 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $158,465 | $0 | $12,601 | $171,066 |
| LICENSED PRACTICAL NURSE Highest compensated employee, 40.00 hrs/week | $141,398 | $0 | $25,541 | $166,939 |
| DIRECTOR OF NURSING Highest compensated employee, 40.00 hrs/week | $136,961 | $0 | $25,456 | $162,417 |
| ADMISSIONS COORDINATOR Highest compensated employee, 40.00 hrs/week | $124,026 | $0 | $25,955 | $149,981 |
| ACCOUNTING MANAGER Highest compensated employee, 40.00 hrs/week | $122,441 | $0 | $20,108 | $142,549 |
15 people received more than $100,000 in reportable compensation from The Lutheran Retirement Home of Greater Seattle (Part VII, line 2). Compensation of current officers, directors and key employees totaled $761K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5294
- Volunteers Part I, line 620
Private foundation grants it received
1 private foundation reported grants to The Lutheran Retirement Home of Greater Seattle totaling $62 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Lutheran Retirement Home of Greater Seattle's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Lutheran Retirement Home of Greater Seattle, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Lutheran Retirement Home of Greater Seattle spent in 2024, $85.69 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of The Lutheran Retirement Home of Greater Seattle's spending goes to programs?
In calendar year 2024, The Lutheran Retirement Home of Greater Seattle reported that 85.7% of its $28.6 million in expenses went to program services, 14.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Lutheran Retirement Home of Greater Seattle pay its top executive?
The largest total compensation The Lutheran Retirement Home of Greater Seattle reported for one person in calendar year 2024 was $314,326, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Lutheran Retirement Home of Greater Seattle get its money?
Of $21.8 million in revenue in calendar year 2024, 0.1% came from contributions and grants and 88.8% from program service revenue (Form 990, Part VIII).
Is The Lutheran Retirement Home of Greater Seattle a registered charity?
The IRS lists EIN 91-0743702 as a 501(c)(3) organization (church), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349316419 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202530239349301218 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349307528 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349323123 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113159349303936 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349319574 · read the filing
All filings for EIN 91-0743702: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.