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Presbyterian Retirement Communities Northwest

EIN 91-0666887 · Bellevue, WA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak15 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

A FAITH-BASED NON-PROFIT ORGANIZATION THAT SUPPORT COMMUNITIES AND SERVICES COMMITTED TO IMPROVING THE LIVES OF OLDER ADULTS BY INTEGRATING HOUSING, COMMUNITY SERVICES, TECHNOLOGY, PHILANTHROPY, AND PARTNERSHIPS.

Income
$80.0 million
Spending
$112.7 million
Spent on programs
86%
Reserves
-63.1 months of spending
Largest source of income
fees for its services, 100%
Employees
1,110
Volunteers
10
Highest pay
$1.2 million, president & ceo

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 15 out of 100. Higher than 0% of charities in its peer group (human services, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 143% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 41% of income.

  • Income trend

    0 of 15

    Income fell 44% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 35% of charities in its peer group (human services, $10m to $100m).

  • Independent board

    25 of 25

    10 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $96.4 million spent. PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST IS A LEADING NONPROFIT ORGANIZATION COMMITTED TO IMPROVING THE LIVES OF OLDER ADULTS THROUGH COMMUNITY HOUSING AND SERVICES, TECHNOLOGY DEVELOPMENT, RESEARCH AND ADVOCACY. FOUNDED IN 1956, THE ORGANIZATION CURRENTLY OPERATES 54 COMMUNITIES IN WASHINGTON, MINNESOTA, AND NEBRASKA. ITS AFFILIATED PARTNER, GSI RESEARCH & CONSULTING, PROVIDES MARKET RESEARCH, CONSULTING, DEVELOPMENT AND MANAGEMENT SERVICES FOR OTHER ORGANIZATIONS IN THE INDUSTRY. PARK SHORE - A TYPE B CONTINUING CARE RETIREMENT COMMUNITY OPERATED AS A DIVISION OF PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST CONSISTING OF 113 RESIDENTIAL LIVING APARTMENTS, 31 ASSISTED LIVING APARTMENTS, AND A SKILLED NURSING FACILITY WITH 28 LICENSED BEDS. MOST PARK SHORE RESIDENTS OCCUPY THEIR UNITS UNDER LONG-TERM ENTRANCE-FEE BASED CONTRACTS. PARK SHORE WAS ORIGINALLY CONSTRUCTED IN 1963 BUT HAS UNDERGONE SIGNIFICANT UPDATING SINCE THEN. SKYLINE - A TYPE A CONTINUING CARE COMMUNITY CONSISTING OF 199 INDEPENDENT LIVING UNITS, 48 ASSISTED LIVING UNITS, 28 MEMORY CARE UNITS AND A SKILLED NURSING FACILITY WITH 34 LICENSED BEDS. MOST SKYLINE RESIDENTS OCCUPY THEIR UNITS UNDER LONG-TERM ENTRANCE-FEE BASED CONTRACTS. SKYLINE OPENED IN OCTOBER 2009 AND IS OWNED AND OPERATED BY FH, LLC (FH), A WASHINGTON LIMITED LIABILITY COMPANY OF WHICH PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST IS THE SOLE MEMBER. FH OWNS AND OPERATES SKYLINE, WHILE CONTRACTING WITH PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOR MANAGEMENT SERVICES. MINNESOTA SENIOR LIVING - A CONTINUING CARE COMMUNITY CONSISTING OF 656 INDEPENDENT LIVING UNITS, 289 ASSISTED LIVING UNITS, AND 61 MEMORY CARE UNITS. PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FORMED MSL IN SEPTEMBER 2016 TO ACQUIRE, OWN, AND OPERATE EIGHT STAND-ALONE PROPERTIES LOCATED IN THE CITIES OF APPLE VALLEY, BROOKLYN PARK, BURNSVILLE, CRYSTAL, AND WAYZATA IN THE MINNEAPOLIS - ST. PAUL METROPOLITAN AREA, WHILE CONTRACTING WITH PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOR MANAGEMENT SERVICES. MINNESOTA SENIOR LIVING, LLC (MSL), IS A MINNESOTA LIMITED LIABILITY COMPANY AND A WHOLLY OWNED SUBSIDIARY OF PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1960.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.