YOUR 2016INVESTMENT REPORT

NORTHAVEN SENIOR HOUSING BOARD OF TRUSTEES

Roger M. Edmark, PresidentBoeing, Retired

Theresa Peloso, Vice-PresidentDirector, Operations Systems,Premera Blue Cross

Eric E. Seeb, TreasurerSenior Program Manager, Recruiting Services, Amazon

Karen C. Themelis, SecretaryLabor Relations Coordinator, Human Resources, Kaiser Permanente

L. Kent Gregory, AIA, DirectorPrincipal, TGB Architects

Magda S. Hanna, MN, RN, Director Nurse Manager, Harborview Medical Center

Jeanne H. Hayden, DirectorNorthaven Resident

JoAnn Shoemaker, DirectorGroup Health Cooperative, Retired

Sarajane Siegfriedt Housing & Human Services Advocate

Colette WilsonSenior Director, Account Management, Optum

Yiling J. WongFood & Travel Writer

Board Fellows

University of WashingtonFoster School

Mary DennisFinance Manager, Boeing

Justin MeithPortfolio Manager, Wells Fargo

Board Members Emeriti

George A. DeBonRetired Chairman, Loomis

Dorsey E. HarrisCommunity Volunteer

Sandi M. KeussNorthaven Administrator, Retired

Fred M. UtterAffi liate Faculty, UW School of Aquatic & Fishery Sciences

N O RT H AV E N F O U N DAT I O N B OA R D O F D I R E CTO R S

Jana Helmuth, CPA, ChairJana Helmuth, CPA

Luke Hillier, TreasurerManager, Grant Thornton, LLP

Sarah Fisher, DirectorFinancial Services Professional, New York Life

Darlene Storti, DirectorExecutive Director, Northaven

Jerrod Vinson, DirectorVP, Relationship BankerSmall Business Banking, Umpqua Bank

Board of Trustee Liaison

Colette WilsonSenior Director, Account Management, Optum

Our Resident Services Coordinators provided 575 resident interventions.

Susan Cramer, BSW and Janet Salsbury, MSW serve as case managers and tireless advocates for our residents. They help residents navigate medical and insurance benefi ts and connect with appropriate community resources; offer crisis intervention and supportive counseling; help residents with civil rights issues; coordinate family support; intervene to address social isolation; and help families to coordinate health care services and identify home management needs for continued independence.

In addition, Susan facilitates a monthly book group, recruits educational speakers, leads a bi-monthly Women’s Political Forum and coordinates the annual Northaven Wellness Fair with 35+ vendors. Janet facilitates monthly low-vision and diabetes support groups. She also supports the garden group, organizing excursions, scheduling speakers and coordinating 69 garden barrels for residents.

V I S I T U S O N L I N E : n o r t h a v e n s e n i o r l i v i n g . o rg

Northaven Assisted Living was home to 52 seniors,

and 26 were on Medicaid.

Northaven Independent Living was home to 226 low-income seniors.

The Medical Teams International

Mobile Dental Van provided Northaven residents $13,480 in dental care.

N O RT H AV E N L E A D E R S H I P

Darlene Storti, Executive Director, NorthavenMary Quarterman, BSN, RN, Director, Northaven Assisted LivingBill Dorn, Director of Philanthropy

The Northaven bus took residents on: 166 trips • 5,747 miles

Residents participated in 868 activities: socials • speakers • art activities • wellness education • support groups • book clubs •

card clubs • Handcrafters • bingo • vespers • Spanish classes • Bible studies •

…and so much more!

Every month, our dining service uses:

480 lbs. of bananas • 1440 shelled eggs • 30 gallons of vanilla ice cream • 26.25 gallons of liquid eggs •

32 lbs. of sour cream • 135 lbs. of cod • 72 lbs. of coffee • 329 lbs.

of ground beef • 60 lbs. of mayo • 60 lbs. of raw sugar • 140 lbs. of bacon

2016

by

the

num

bers

2016

by

the

num

bers

2016

2016

by

the

num

bers

by

the

num

bers

home… It is a place of dignity, warmth and refuge.

home… It is a basic human right.

home… It is where the Northaven is.

home… It is what you have given low-income seniors

through your support in 2016.

Here is our report to you.

Rose NyeCynthia & Jim O’BrienJonah O’DellErtie OeiMark & Yoko OldsBetsey PageRhonda PetersonDiana & John PhilbeckRita PomaredaConnie PuzonVictor Quiroz Jimenez &

Jessica Schug QuirozDave RascheLaura ReedJohn & Sally RennRobert & Evelyn RipleyJoe RobinsonMark & Elizabeth

RosenwinkelKeith & Nola RussellJanet Salsbury

Gwendolyn SaucedoFred SayerDee SchmidtCaitlin ScottJune SeeleyMaurice SharpRichard ShiraScott ShulmanBruce & Jean SillersBrent & Kathy SlattengrenJudie SmithSteve SorboTodd W & Tara L SpencerRobert & Dav’ne StahleyJulie SteelyEd SternerAndrew & Courtney StortiKatie StortiKim StoutGayle StrothersCarlee Swayne

Mary Tenhoff-BartonStanley & Diane ThomasJames & Barbara TiptonPer H Tonning, MD &

Betty A. TonningTony TruongMike & Sarah TsoukalasPatricia TullyAaron VenarClair & Maxine VoetbergLeslie VorkSusan Webeck &

Harry LittleOlive WhiteWesley WilkinMary Lou WinchellJay WoolfordJohn & Martha WorcesterJane Worden

CO R P O R AT I O N S A N D O R G A N I Z AT I O N S

$5,001–$10,000 Premera Blue Cross

$1,001–$5,000Beacon Development GroupFamily Resource Home CareGroup Health CooperativeJana Helmuth, CPAKawabe Memorial FundLake Union PartnersMercury Pharmacy ServiceTulalip TribesUmpqua BankVIA ArchitectureWalsh Construction

$501–$1,000 Washington Federal

$1–$250 Fred Meyer Awards

I N D E P E N D E N T L I V I N G

RevenueRental ..................................................................... $1,670,313Service ...................................................................... $492,110Other ............................................................................$65,575

Total Revenue ................................................... $2,227,998

Total Expenses .................................................. $2,448,086Change in Net Defi cit ............................................... -$217,061Net Defi cit at Beginning of Year ............................... -$579,982

Net Defi cit at the End of Year ............................... -$797,043

St a t e m e n t o f Fi n a n c i a l Po s i t i o n

AssetsCurrent .........................................................................$70,700Tenant Security Deposits ........................................... $101,682Restricted Deposits ................................................... $748,543Property and Equipment ........................................ $5,611,802Loan Costs ................................................................. $456,296

Total Assets ....................................................... $6,989,023

LiabilitiesCurrent ...................................................................... $289,243Tenant Security Deposit ............................................ $101,569Long-Term .............................................................. $7,395,292

Total Liabilities ................................................. $7,786,104Net Defi cit ................................................................ -$797,043

Total Liabilities and Net Defi cit .......................... $6,989,061

A S S I ST E D L I V I N G

RevenueRental ..................................................................... $1,425,603Grant from Foundation ............................................. $102,230Other ............................................................................$24,405

Total Revenue ................................................... $1,552,238

Total Expenses .................................................. $1,491,229Change in Net Defi cit ...................................................$61,009

Net Defi cit at the End of the Year ......................... -$483,472

St a t e m e n t o f Fi n a n c i a l Po s i t i o n

AssetsCurrent .........................................................................$12,629Restricted Deposits ......................................................$12,034Property and Equipment ........................................ $1,211,571

Total Assets ....................................................... $1,236,234

LiabilitiesCurrent ...................................................................... $177,059Tenant Security Deposit ...............................................$23,500Long-Term .............................................................. $1,549,139

Total Liabilities ................................................. $1,749,698Net Defi cit ................................................................ -$483,472

Total Liabilities and Net Defi cit .......................... $1,266,226

N O RT H AV E N F O U N DAT I O N

RevenueIndividuals & Corporations ..........................................$81,950Events...........................................................................$70,734Interest/Dividends .........................................................$4,390Investment Gains/Losses ...............................................$6,832

Total Revenue ...................................................... $163,906

ExpensesOperating .....................................................................$18,487Events...........................................................................$10,369Administration .............................................................$53,329

Total Expenses ....................................................... $82,185

DisbursementsAssisted Living Uncompensated ............................... $112,730Property Development .................................................$15,520Specifi c Projects .............................................................$6,721

Total Disbursements ............................................ $134,971

St a t e m e n t o f Fi n a n c i a l Po s i t i o n

AssetsCurrent ...................................................................... $470,965Fixed ..............................................................................$1,059Investments .............................................................. $180,179

Total Assets .......................................................... $652,203

Total Liabilities .................................................... $450,000Equity Fund Restricted ................................................... $300,000Equity Fund Unrestricted ....................................................$2,700

I N D I V I D UA L

$5,001–$10,000Douglas & Carol BoseckRoger & Kathy EdmarkRetta Rodal

$1,001–$5,000Virginia Todd BlakeLinda ChaseWilliam H. Dorn IV

& Norman VorkTyson FeasterJoe & Miya FergusonPat & Amy FoleyKent & Jeanne GregoryMagda & George HannaDorsey & Phyllis HarrisMary HarsilaDavid Horsey & Nole

Ann Ulrey-HorseyDebbie Juntunen

& Steve EvansKacey KempEdward & Mary Lou KnappeCheryl Lamey &

Robert KuhnerDouglas Lane & Michele

Hamilton-LaneRobert & Catherine ObergElizabeth PapageorgeTheresa Peloso &

Joe SarulloMary & Jay QuartermanMary RichterWolf & Leiani SaarC. & Mary SankaranJoanne & Bill ShoemakerSarajane SiegfriedtSusan Skillman &

Philip FennerKathy & Greg SpringPete & Darlene StortiKaren & Tom ThemelisFred & Nancy UtterColette & Kurt Wilson

$501–$1,000Cheryl & Eric EmmerWayne FrickeLynn & Paul GracySarah Hartley &

David PocasangreJoe & Jennifer Hatfi eldStanley & Pearl HaverilandWilliam & Sylvia

HershbergerAndrea John-SmithKathryn KellyHarriet KoshkoBradford & Robin KroppMyrna LatschawHarold LauridsenArdith & Fred LuptonJustin Meith & Ann KoepkeMartha MitchellTed OrmbrekGrace RoopTodd & Janis Sandhop

Eric & Megan SeebJim & Lisa SeebMartin StrandBill & Judy TsoukalasYiling Wong & Kris Jonson

$251–$500Marge & Chris AndersonKathryn & James AnshutzJohn & Heidi ChallyTiffany & Tyler ColtonGeorge & Betty DeBonPauline & Daniel DoyleMartha & Tom DuHamelSarah & Kevin FisherMarcus & Lorna ForgeyBrian FukudaDonald R. GundersonCarol LandisDenise & Don LaneAnn & Chuck LoomisMark MoorleghenBill & Sally RakerStephen RaymondKeith & TC RichmondCynthia ShulmanGary & Rebecca StreitmatterDiane & Glen TravisJerrod & Ami VinsonKristina & Grant WalkerMark & Karen WarnerMark & Bernadine

WentlandForrest WilkinsonJamie WilliamsRomayne Zanchi

$1–$250Coenraad Abas &

Carol TaylorPamela AbasSofi ane Ait andelmalekMichael AliagaJillian AndrewsPaul & Donna BaederBarry BakerJeff BarkerCarol BarnesJim & Goldie BarnesEleanore BaumanPatti BergNita BixlerJim BodoiaMary Lou BoveeElsa and David BowmanCharlotte BoyntonWayne & Barbara BradfordHanna BredereckEthyn BriscoeRobert & April BrownKris BrowneSandra BurnsCarol & Richard ChandlerMaggie ChonCorian ClarkOrla ConcannonDuane & Joanne Costa

Mathew CrabtreeMary Beth CunninghamWilliam DahlMary DennisMary DickensMargaret DoreDr. Stephen &

Gabrielle DudleyNancy DuryeaShirley DuryeaCarol EggenJan EllichmanDeirdre FitzpatrickSharon FrielMary GoesJ. Catlin GossTerese Grady Moon

& Steve MoonKathy GruberRolf M A &

Carolyn M HahneCindy HarmsMari Anne &

Laurence HazenLori HigaValerie & Gregg HillKevin & Malaika HinshawFree & Melissa HintonJohn & Britta HuntBetty JacobsAlex JernstromSally JohnsonElsie JorgensenMark JuelJerry KaufmanSherryl KentDennison & Anne KerleeMadeline KestenGeraldine KinardGwen KingSheila & Rod KingGary & Maria KirchbergerKay KohlerAlicia KolboMichele LaBareMarguerite LaskaresRicki LaZelleEvelyn LeckronElizabeth LemireIngrid LewisonBrian LloydJeri LloydMaribeth & Ed LopitAnne LoustauCarin MackJeanne MarkerEdward MasonVicki & Kenneth G McNewJeanette MerkiLeighBeth MerrickEvelyn MerrittAlan MerryJoni MetcalfMonika MiresWilly MooymanMarjorie NehringLinda Sue NelsonHanh Nguyen

2016 fi nancial summaries for the year ended december 31, 2016 2016 donorsthere's no place like home

R E S I D E N T- C E N T E R E D CA R E W I N S P R A I S E

I feel compelled to write to you about how much I love and admire the care I see at Northaven Assisted Living. I am constantly impressed by the expertise and excellent patient care by your nursing staff…

Your residents have diffi cult medical and psychosocial issues. However, they thrive with the individual nursing and staff attention at Northaven. The daily structure, personal interactions and social activities at Northaven allow residents to thrive... Your patient-directed approach keeps residents out of the hospital. Your skilled care allows your residents to enjoy the end of their life at the highest level.

—Susan Dixon, OTR/L Evergreen Home Health

Occupational Therapist (25 years)