2024-07-03T11:09:23-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 910824085 RIVERVIEW LUTHERAN RETIREMENT COMMUNITY OF SPOKANE RIVE 5094836483 1801 EAST UPRIVER DRIVE SPOKANE WA 99207 DANIE MONAGHAN PRESIDENT & CEO 5094836483 2024-06-19 1 DANIE MONAGHAN XXX-XX-XXXX 1 KURT BENNION CPA P01469618 4252506100 2024-06-19 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z RIVERVIEW RETIREMENT COMMUNITY DANIE MONAGHAN 1801 EAST UPRIVER DRIVE SPOKANE WA 99207 17414610 0 X WWW.RIVERVIEWRETIREMENT.ORG X 1965 WA SERVE OUR RESIDENTS, EMPLOYEES & GREATER SPOKANE COMMUNITY IN A CARING CHRIST-CENTERED ENVIRONMENT. 12 12 261 14 0 0 1611250 765789 12217147 13411753 278529 908413 306184 362917 14413110 15448872 28424 12474 0 0 8151655 8343448 0 0 0 8626504 8942853 16806583 17298775 -2393473 -1849903 50526842 48346020 59476665 58216513 -8949823 -9870493 X RIVERVIEW RETIREMENT COMMUNITY'S MISSION, SINCE 1959, IS TO SERVE OUR RESIDENTS, EMPLOYEES, AND GREATER SPOKANE COMMUNITY IN A CARING CHRIST-CENTERED ENVIRONMENT. RIVERVIEW RETIREMENT COMMUNITY ASPIRES TO BE AN INNOVATIVE LEADER IN SENIOR LIVING PROVIDING A CULTURE OF QUALITY, SAFETY AND SERVICE. 0 0 6862524 12474 7725570 RIVERVIEW TERRACE PROVIDES INDEPENDENT AND ASSISTED LIVING SERVICES IN 132 AVAILABLE APARTMENTS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, TERRACE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, A STATE-OF-THE-ART WOODSHOP, ACTIVITIES PROGRAM, NURSING SERVICES, ACCESS TO THERAPY ASSISTANCE, COUNSELING ASSISTANCE, A CHAPLAIN AND CHAPEL, BEAUTY SALON, LIBRARY, COFFEE SHOP, AND A SPECIAL EVENT PRIVATE DINING ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR INDEPENDENT AND ASSISTED LIVING SERVICES. IN 2023, THIS FACILITY HAD 78.8% AVERAGE OCCUPANCY. 3212963 0 3188710 RIVERVIEW VILLAGE IS MADE UP OF 163 INDEPENDENT LIVING HOMES SPREAD THROUGHOUT THE RIVERVIEW CAMPUS, WHICH COVERS OVER 30 ACRES ALONG THE SPOKANE RIVER. VILLAGE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, GROUNDS CARE (LAWN MOWING, GARDENS AND SNOW REMOVAL), MAINTENANCE SERVICES, A STATE-OF-THE-ART WOODSHOP, BEAUTY SALON, COFFEE SHOP, COMMUNITY CENTER AND AN ACTIVITIES PROGRAM. RESIDENTS PURCHASE AN UNLIMITED RIGHT TO OCCUPY WITH AN ENTRANCE FEE. WHEN A RESIDENT VACATES, THE VACATING RESIDENT RECEIVES A REFUND OF 80% OF THE ENTRANCE FEE WHEN THE HOME IS REOCCUPIED. RESIDENTS ALSO PAY A MONTHLY FEE. IN 2023, THIS FACILITY HAD 91.0% AVERAGE OCCUPANCY. 2145518 0 2081424 RIVERVIEW MEMORY CARE PROVIDES DEMENTIA AND ALZHEIMER SERVICES IN 20 ASSISTED LIVING ROOMS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, MEMORY CARE RESIDENTS ENJOY THE FOLLOWING AMENITIES FOR A MONTHLY FEE: 18-FOOT AQUARIUM, ACTIVITIES PROGRAM, OUTDOOR GARDEN AREA, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, BEAUTY SALON, AND A SPECIAL EVENT ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR MEMORY CARE SERVICES. IN 2023, THIS FACILITY HAD 65.4% AVERAGE OCCUPANCY. 1384388 0 416049 RIVERVIEW REHABILITATION CENTER IS A LICENSED COMPREHENSIVE OUTPATIENT REHABILITATION FACILITY (CORF) THAT PROVIDES COORDINATED OUTPATIENT DIAGNOSITC, THERAPEUTIC, AND RESTORATIVE SERVICES TO ITS RESIDENTS AT A FIXED LOCATION FOR THE REHABILITATION OF INJURED, DISABLED OR SICK INDIVIDUALS. 1384388 0 416049 13605393 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 43 0 261 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHRISTI ESKELSEN 5094836483 1801 EAST UPRIVER DRIVE SPOKANE WA 99207 DANIE MONAGHAN PRESIDENT & CEO 50.00 0.50 X 187130 0 33362 CHRISTI ESKELSEN VP - FINANCE 50.00 0.00 X 139518 0 38466 APRIL RITTER DIRECTOR OF THERAPY SERVICES 50.00 0.00 X 123429 0 31061 MICHAEL SCHLEIGH DIRECTOR OF PLANT OPERATIONS 50.00 0.00 X 108848 0 21242 KATRINA LEDGERWOOD PHYSICAL THERAPIST 50.00 0.00 X 103946 0 19954 ROSALEE ALLAN CHAIR & TRUSTEE 1.00 0.00 X X 0 0 0 ALAN HARBINE TRUSTEE & CHAIR 1.00 0.00 X X 0 0 0 SIMA ISSEN VICE CHAIR (THROUGH APRIL 2023) 1.00 0.00 X X 0 0 0 LARRY MUNDAHL TREASURER & VICE CHAIR (THROUGH JULY 2023) 1.00 0.00 X X 0 0 0 BETH BOUSELY TRUSTEE & VICE CHAIR 1.00 0.00 X X 0 0 0 RICHARD HENDERSHOT TRUSTEE & TREASURER 1.00 0.00 X X 0 0 0 GAIL SORENSON SECRETARY 1.00 0.00 X X 0 0 0 CONSTANCE CONNIE BENNETT TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY ENGH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN ENGLISH TRUSTEE 1.00 0.00 X 0 0 0 MARGARET MEGAN ANN GUNNING TRUSTEE 1.00 0.00 X 0 0 0 KATHY KINDERMAN TRUSTEE 1.00 0.00 X 0 0 0 HOWARD DAVID MICHAELSEN TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER JEN ROLLINS TRUSTEE 1.00 0.00 X 0 0 0 662871 0 144085 5 0 1 0 TWOMAGNETS INC PO BOX 103125 PASADENA CA 91189 STAFFING AGENCY 416644 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 ACCOUNTING SERVICES 160648 DEL PIZZO'S LAWN CARE & SERVICE LLC 16002 N HEATHERGLEN COURT SPOKANE WA 99208 LAWN CARE 143245 UNITED FLOOR COVERING LLC 1329 N ASH STREET SPOKANE WA 99201 CONSTRUCTION 130390 BOUTEN CONSTRUCTION COMPANY 627 N NAPA STREET SPOKANE WA 99220 CONSTRUCTION 115687 6 754185 11604 765789 NET PATIENT SERVICE REVENUE 623000 13411753 13411753 13411753 371269 371269 2477607 25275 1958620 7118 518987 18157 537144 537144 MEAL REVENUES 900099 178338 178338 OTHER RESIDENT FEES 900099 158484 158484 MISCELLANEOUS INCOME 900099 26095 26095 362917 15448872 13411753 0 1271330 12474 12474 424589 424589 6383529 5321241 1062288 129932 97375 32557 753352 638604 114748 652046 539560 112486 27127 27127 39738 39738 64625 64625 1001139 688147 312992 214225 214225 131526 131526 134871 15411 119460 1197167 1197167 23091 2158 20933 19596 9613 9983 1081420 1027349 54071 3046883 2285162 761721 286346 272029 14317 FOOD 591796 591796 TAXES 287190 286119 1071 NON-MEDICAL SUPPLIES 213719 213719 EMPLOYEE EXPENSES 118818 55122 63696 463576 352347 111229 17298775 13605393 3693382 0 1453138 3280085 997456 910539 1809994 119393 138452 162917 77389555 46633752 33338940 30755803 12788862 13113256 0 4027 50526842 48346020 4395327 1187640 36975648 39303498 13734661 13528337 7076 4026 4254953 3892829 109000 300183 59476665 58216513 X -9209082 -10129752 259259 259259 -8949823 -9870493 50526842 48346020 -1849903 929233 0 X X 0 1 X 1 0 X 47672 683079 4000236 1611250 765789 7108026 20845382 13249913 10119193 12217147 13411753 69843388 20893054 13932992 14119429 13828397 14177542 76951414 3923 3923 0 3923 3923 76947491 353665 299117 722733 442380 371269 2189164 353665 299117 722733 442380 371269 2189164 394767 349949 231863 302747 362917 1642243 21641486 14582058 15074025 14573524 14911728 80782821 0.95250 0.95540 0.02710 0.02610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MEAL REVENUES OTHER RESIDENT FEES MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 463 463 0 PART II-B, LINE 1: RIVERVIEW RETIREMENT COMMUNITY PAYS MEMBERSHIP DUES TO LEADINGAGE, WHICH USES A PORTION OF THOSE DUES TO LOBBY ON BEHALF OF ITS MEMBERS. 0 1 X 381651 51567 481 432737 485991 -84513 19827 381651 457263 49095 20367 485991 440843 36787 20367 457263 399351 61732 20240 440843 0.40090 0.59910 0.00000 1 0 4067427 4067427 33118464 21921615 11196849 32040146 19286192 12753954 6961005 5425945 1535060 1202513 1202513 30755803 APPLICANT DEPOSITS 300183 300183 X 16313480 929233 929233 15384247 64625 64625 15448872 17234150 0 17234150 64625 64625 17298775 PART IV, LINE 2B: THE ORGANIZATION HOLDS RESIDENTS' FUNDS IN TRUST SO THAT RESIDENTS DON'T NEED TO WORRY ABOUT PROTECTING CASH IN THEIR ROOMS. RESIDENTS MAY DEPOSIT AND WITHDRAW FUNDS AT WILL. WHEN A RESIDENT LEAVES OR PASSES AWAY, ANY REMAINING FUNDS ARE RETURNED TO THEM OR THEIR ESTATE. THE ORGANIZATION RECORDS EACH RESIDENT'S FUNDS INDIVIDUALLY AND AMOUNTS ARE RECONCILED MONTHLY, ALTHOUGH ALL OF THE FUNDS ARE MAINTAINED IN A SINGLE CHECKING ACCOUNT THAT IS SEPARATE FROM THE ORGANIZATION'S FUNDS. RESIDENTS OF RIVERVIEW VILLAGE PURCHASE AN UNLIMITED RIGHT TO OCCUPY WITH AN ENTRANCE FEE. WHEN A RESIDENT VACATES, THE VACATING RESIDENT RECEIVES A REFUND OF A PORTION OF THE ENTRANCE FEE WHEN THE HOME IS REOCCUPIED. WAIT LIST MEMBERS WHO DECIDE TO REMOVE THEMSELVES FROM THE WAIT LIST RECEIVE A REFUND OF 100% OF THEIR DEPOSIT. PART V, LINE 4: PROCEEDS FROM THE ENDOWMENT FUNDS ARE NOT RESTRICTED AND MAY BE SPENT AS THE ORGANIZATION DEEMS APPROPRIATE. PART X, LINE 2: THE CORPORATION HAS BEEN RECOGNIZED BY THE IRS AS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED ACTIVITIES. NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. 1 RIVERVIEW RESIDENT ASSISTANCE FOUNDATION 1801 EAST UPRIVER DRIVE SPOKANE WA 99207 820643249 501(C)(3) 12474 0 MATCHING CONTRIBUTIONS TO ASSIST THE FOUNDATION IN BECOMING OPERATIONAL 1 0 PART I, LINE 2: RIVERVIEW MADE A DISTRIBUTION TO THE RIVERVIEW RESIDENT ASSISTANCE FOUNDATION, WHICH IS A TYPE 1 SUPPORTING ORGANIZATION OF RIVERVIEW. RIVERVIEW ENSURES ALL FUNDS ARE USED APPROPRIATELY THROUGH COMMON MANAGEMENT AND BOARD OVERSIGHT. RIVERVIEW MAKES SMALL CONTRIBUTIONS TO LOCAL CHARITIES. ASIDE FROM CONFIRMING STATUS OF THE RECEIPT, WE DO NOT MONITOR HOW FUNDS ARE SPENT BECAUSE FUNDS ARE INTENDED FOR GENERAL OPERATING SUPPORT. X X X X X 0 0 0 0 0 0 0 1 0 DANIE MONAGHAN PRESIDENT & CEO 176870 0 10260 0 0 0 9147 0 24215 0 220492 0 0 0 CHRISTI ESKELSEN VP - FINANCE 136518 0 3000 0 0 0 13262 0 25204 0 177984 0 0 0 APRIL RITTER DIRECTOR OF THERAPY SERVICES 121429 0 2000 0 0 0 12155 0 18906 0 154490 0 0 0 PART I, LINE 7 BONUSES ARE PROVIDED TO ORGANIZATIONAL OFFICERS AND OTHER HIGHLY PAID EMPLOYEES BASED ON HISTORICAL BONUSES OVER THE LAST FIVE YEARS AND THE CEO'S EVALUATION OF CURRENT YEAR PERFORMANCE. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783QX7 2012-12-03 15820495 REFUND PRIOR ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 A 2060000 15820495 949750 316410 9662708 4891627 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON STATE HOUSING FINANCE COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/03/2022 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD. THE EXECUTIVE COMMITTEE PROVIDES LEADERSHIP TO THE BOARD OF DIRECTORS AND CAN ACT ON BEHALF OF THE FULL BOARD. AS NEEDED, THE EXECUTIVE COMMITTEE MEETS WITH THE PRESIDENT & CEO AND CAN FACILITATE DECISION-MAKING BETWEEN BOARD MEETINGS OR IN URGENT AND CRISIS CIRCUMSTANCES. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO (A) AMENDING, ALTERING OR REPEALING THE BYLAWS; (B) AMENDING THE ARTICLES OF INCORPORATION; (C) ELECTING, APOINTING OR REMOVING ANY BOARD MEMBERS OR COMMITTEE MEMBERS; (D) ADOPTING A PLAN OF MERGER OR A PLAN OF CONSOLIDATION; (E) AUTHORIZING THE SALE, LEASE OR EXCHANGE OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; (F) AUTHORIZING THE ORGANIZATION'S VOLUNTARY DISSOLUTION OR ADOPING A PLAN FOR THE DISTRIBUTION OF THE ORGANIZATION'S ASSETS; OR (G) AMENDING, ALTERING OR REPEALING ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS PROVIDES THAT IT CANNOT BE AMENDED, ALTERED OR REPEALED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN NOVEMBER 2023 TO UPDATE THE ORGANIZATION'S MISSION STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS "PARTICIPATING CONGREGATIONS" CONSISTING OF CONGREGATIONS OF LUTHERAN CHURCHES IN THE AREA COMMONLY KNOWN AS THE "INLAND NORTHWEST", INCLUDING THE NORTHWEST INTERMOUNTAIN SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA; THE NORTHWEST DISTRICT OF THE LUTHERAN CHURCH, MISSOURI SYNOD; AND OTHER LUTHERAN OR CHRISTIAN CHURCHES THAT HAVE APPLIED FOR PARTICIPATING CONGREGATION STATUS AND BEEN ACCEPTED BY VOTE OF THE MEMBERS. EACH PARTICIPATING CONGREGATION MAY APPOINT TWO DELEGATES WHO SERVE AS THE MEMBERS OF RIVERVIEW LUTHERAN RETIREMENT COMMUNITY OF SPOKANE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS ARE APPOINTED BY MAJORITY VOTE OF A QUORUM OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BYLAWS THAT WOULD MODIFY THE TERM LIMITS OF BOARD MEMBERS REQUIRE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CEO, THE VP-FINANCE AND THE BOARD FOR ACCURACY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C RIVERVIEW'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, OFFICERS, ADMINISTRATIVE STAFF, AND KEY EMPLOYEES OF THE ORGANIZATION. EACH COVERED INDIVIDUAL IS REQUIRED TO REVIEW THE POLICY AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. IF AN INDIVIDUAL HAS A CONFLICT, THEY ARE REQUIRED TO DISCLOSE THE POSSIBLE OR ACTUAL CONFLICT. THE CONFLICTED INDIVIDUAL IS ALLOWED TO REMAIN FOR DISCUSSIONS, BUT MUST RECUSE THEMSELF FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION DATA IS GATHERED FROM VARIOUS SOURCES, INCLUDING INFORMATION FROM SIMILAR ORGANIZATIONS, AND IS PRESENTED TO THE BOARD'S EXECUTIVE COMMITTEE. THE COMMITTEE USES THIS DATA TO DETERMINE THE COMPENSATION FOR THE CEO AND PERFORMS AN ANNUAL PERFORMANCE REVIEW WITH THE CEO. THE CEO DETERMINES THE COMPENSATION FOR ALL OTHER KEY EMPLOYEES OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ONLINE THROUGH THE EMMA WEBSITE (BOND OFFERING). THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE WAPITI GROUP LLC 905 W RIVERSIDE AVENUE SUITE 208 SPOKANE WA 99201 910824085 REAL ESTATE HOLDING COMPANY ID 0 0 RIVERVIEW RETIREMENT COMMUNITY RIVERVIEW RESIDENT ASSISTANCE FOUNDATION 1801 E UPRIVER DRIVE SPOKANE WA 99207 820643249 RESIDENT SUPPORT WA 501(C)(3) LINE 12A, I RIVERVIEW RETIREMENT COMMUNITY 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0