I N V E S T M E N T R E P O RT 2017 It is so peaceful and stress free

here that I lost weight without

the need to stress eat!

If there was no Northaven,

I would still be alone in

my apartment with no one

around and little to live on.

Here I can afford a coffee

and muffin now and then.

I could not have dreamed

of a better place.

I am thankful to all the people

who make Northaven possible.

—John

2017 REPORT

In the face of Seattle’s worsening housing crisis, your investment in

Northaven is creating and sustaining solutions. In the midst of sky-

rocketing rents, your generosity provides a refuge of safe, dignified

housing and compassionate, life enhancing services for 260 seniors.

Based on King County guidelines:

18.5% of our independent living residents are low income;

39.5% are very low income; and

38.5% are extremely low income.

You stand between them and homelessness.

Your generosity is shelter for the poor.

You provide community, access to health care, wellness and

exercise services, good nutrition and more to our seniors.

THANK YOU!We really do enjoy the

company of one another.

The people here are great!

If Northaven didn’t exist, my kids

would be worrying about me.

—Joe

2017 INVESTORSI N D I V I D UA L S

Free & Melissa HintonKathryn KellyHarriet & Steve KoschoCarol LandisAnn & Chuck LoomisMaribeth & Ed LopitStephen RaymondTom & Kim RedmondJim & Lisa SeebLoretta ShaverCynthia ShulmanRichard Skwarek &

Laureen OngRon Strouss &

Doreen TeraoMark & Bernadine

WentlandKyle Willett

UP TO $250Bruce AbasPamela AbasSamuel AbbottBarbara AndersonKatherine AndrewsIla Jean AnglinAlmeera AnwarJeff BarkerCarol BarnesDebbie BarrowJoe BergevinMaxine BiresNita Bixler

Beth BoramElsa & David BowmanFaye BowmanCharlotte BoyntonWayne & Barbara

BradfordIn memory of

Anna LaRiviereHanna BredereckRobert & April BrownSandra BurnsSandy Carmichael

MurphyMarguerite CarpenterRichard CarperCarol & Richard

ChandlerGail ClaassenCorian ClarkBrian ColeOrla ConcannonDuane & Joanne CostaJan CulpeperMary Beth

Cunningham & Theodore Rasch

George & Betty DeBonPatricia DelaneyMargaret DoreDr. Stephen &

Gabrielle DudleyShirley DuryeaJoe & Cassie EdmarkCarol Eggen

$100,000 & UPEstate of Harold

Lauridsen

$10,001–$25,000

Retta Rodal

$5001–$10,000Douglas & Carol

BoseckLinda ChaseTheresa Peloso &

Joe SarulloColette & Kurt Wilson

$1,001–$5,000Steve BoulangerKris BrowneJack BuceWilliam H. Dorn IV

& Norman VorkRoger & Kathy EdmarkDeborah Gleeson

& Brian SmithLynn & Paul GracyKent & Jeanne GregoryMichele Hamilton-

Lane & Doug LaneMagda & George

HannaCindy HarmsMary HarsilaJana Helmuth, CPAJerry KaufmanKarol King

Carin MackJustin Meith &

Tory BrowningRobert & Catherine

ObergGrace RoopJoanne & Bill

ShoemakerKathy & Greg SpringPete & Darlene StortiRichard & Sigrid StrandYiling Wong &

Kris Jonson

$501–$1,000Mark BelcherJoan BrownMargaret BrowneJohn & Heidi ChallyTiffany & Tyler ColtonCarol DotchinGrace EdmarkCheryl & Eric EmmerShannon GlennLeanne & Jay

HarringtonWilliam & Sylvia

HershbergerDebbie Juntunen

& Steve EvansFriz KingEdward & Mary

Lou KnappeAnn KoepkeBradford & Robin

KroppMyrna Latschaw

Dave Logan & JoAnna Wehrwein

Rob & Jeanesse MillerWilly MooymanKeith & Nola RussellWolf & Leiani SaarC. & Mary SankaranDarcy SchroederEric & Megan SeebSarajane SiegfriedtEd & Kathy SternerMartin StrandGary & Rebecca

StreitmatterKaren & Tom ThemelisKaren TrujilioBill & Judy TsoukalasForrest WilkinsonJamie WilliamsEd & Kathy Sterner

$251–$500Marge & Chris

AndersonKathryn & James

AnshutzVirginia Todd BlakeVic & Cara BlindheimJerry & Carol BowersScott Briscoe &

Laura BiggersLori Campion WrightPauline & Daniel DoyleJan EllichmanSarah & Kevin FisherDave Gordon

Oh my heavens. Where do I

begin? This is home. This is family.

I feel safe and secure here. I

know that whatever medical or

personal needs come up, someone

here is going to help me.

—Marie

2017 INVESTORS

Ann EmersonJim & Sue EricksonDeirdre FitzpatrickMarcus & Lorna ForgeyJames GoldsmithTerese Grady Moon

& Steve MoonSherri GreenleafCarmel GregoryJackie GriffinNancy & Rev Earl GroutDonald R. GundersonAlice & Thomas HansonDorsey & Phyllis HarrisSabina HavkinsMari Anne HazenValerie & Gregg HillKevin & Malaika

HinshawDavid Horsey & Nole

Ann Ulrey-Horsey

Lisa HullJohn & Britta HuntBetty JacobsSally JohnsonElsie JorgensenCecily KaplanSandy KattelusMartha KellyMichael KeussSandra & Jeff KeussGeraldine KinardSheila & Rod KingGary & Maria

KirchbergerAlex KosyukMichele LaBareDouglas Lane

& Michele Hamilton-Lane

Ingrid LewisonBrian Lloyd

Greg & Jenny LoretiJohn MadjidGreta & Edward MarksAdrienne McGruderVicki & Kenneth

G McNewGordon MerrittMichael MilliganPatricia MitchellLuke Morse &

Jayme Van OotDeb MurphyJanis Neff WarnerLinda Sue NelsonDarla O’BrianCynthia OconorErtie OeiMark & Yoko OldsTed OrmbrekElizabeth PapageorgeMark PollackRita PomaredaDawn PorterKaren PortinConnie Puzon

Mary & Jay Quarterman

William & Sally RakerSonia & Bruce RansomMary RichterKathy RiggsEvelyn RipleyJoe RobinsonMark & Elizabeth

RosenwinkelMardette SandersFred SayerBarbara SchielmannJune SeeleyRichard ShiraSusan Skillman &

Philip FennerJudie SmithMarie SmithThomas SmithSteve SorboRobert & Dav’ne

StahleyJulie SteelyJan StillAndrew & Courtney

Storti

Jessie StraussGayle StrotherThomas SullivanStanley & Diane

ThomasMike & SarahTsoukalasJohn UrbanskiJerrod & Ami VinsonLeslie VorkKim & Jeff WallisMark & Karen WarnerMary WarstlerSusan Webeck &

Harry LittleMary Lou WinchellJane WordenEdward LaRiviereMarguerite LaskaresEvelyn LeckronJeanne MarkerMarjorie NehringVirginia SwaleCarlee SwayneOlive WhitePat Youngberg

CO R P O R AT I O N S

$1,001–$5,000Costco Matching FundLake Union PartnersMercury Pharmacy ServicesPremera Blue CrossUmpqua Bank

$501–$1,000Beacon Development GroupFamily Resource Home CareVIA Architecture

$251–$500United Health Goup

UP TO $250AmazonSmile FoundationFred Meyer Awards ProgramMcGoorty Eisenman, Inc. PST-Mobile USA, Inc

Northaven means home: I have a

bed to sleep in…I think about the

people out there who don’t have

that. I’m so grateful I have it.

I really don’t know where I would

be if Northaven wasn’t here.

—Carolyn

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

RevenueRental ......................................................................... $1,942,906.00Service ......................................................................... $553,621.00Other ..........................................................................$65,575.00Total Revenue .................................................... $2,562,102.00

Total Expenses .................................................. $2,547,996.00Change in net Deficit ...................................................... -$51,469.00Net Deficit at Beginning Of Year ................................... -$797,042.00Net Deficit at End of Year ...................................... -$848,511.00

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 .......................................................................... $173,645.00Tenant Security Deposits ............................................... $107,912.00Restricted Deposits ........................................................ $773,182.00Property & Equipment ................................................ $5,424,878.00Total Assets ........................................................ $6,479,617.00

LiabilitiesCurrent .......................................................................... $274,855.00Tenant Security Deposits ............................................... $105,942.00Long-Term ................................................................... $6,947,331.00Total Liabilities ................................................. $7,321,828.00Net Deficit ..................................................................... -$848,511.00Total Liabilities & Net Deficit............................... $6,479,617.00

FOR THE YEAR ENDED DECEMBER 31, 2017

FINANCIAL SUMMARIES

I get the best quality of life here

for the least amount of money

and I have friends in much more

expensive places who don’t

have any of what we have.

I am grateful every day.

—Marilyn

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

RevenueRental ......................................................................... $1,427,513.00Grant from Foundation .................................................. $145,812.00Other ...............................................................................$9,668.00Total Revenue ................................................... $1,582,993.00

Total Expenses .................................................. $1,654,032.00Change in Net Deficit ..................................................... -$71,039.00Net Deficit at End of the Year ............................... -$676,447.00

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 .............................................................................$17,727.00Restricted Deposits .............................................................$5,706.00Property & Equipment ................................................ $1,026,458.00Total Assets ....................................................... $1,049,891.00

LiabilitiesCurrent .......................................................................... $190,462.00Tenant Security Deposit ....................................................$33,640.00Long-Term ................................................................... $1,502,236.00Total Liabilities ................................................. $1,726,338.00Net Deficit ..................................................................... -$676,447.00Total Liabilities & Net Deficit............................... $1,049,891.00

FOR THE YEAR ENDED DECEMBER 31, 2017

It’s kind, it’s soft, it’s tough,

it’s happy, it’s fruitful, it’s fun.

And if it did not exist,

I would be on the streets…

somewhat exaggerated,

but my first thought.

—Bonnie

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

RevenueIndividuals & Corporations ............................................ $228,825.00Events ...............................................................................$60,755.00Interest/Dividends ..............................................................$4,192.00Investment Gains/Losses ..................................................$22,673.00Total Revenue ...................................................... $316,445.00

ExpensesOperating .........................................................................$19,951.00Events .................................................................................$9,810.00Administration ..................................................................$36,926.00Total Expenses ........................................................ $66,687.00

DisbursementsAssisted Living ............................................................... $136,612.00Property Development .....................................................$18,325.00Special Projects ......................................................................$556.00Total Disbursements ............................................. $155,493.00

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 .......................................................................... $509,541.00Fixed ...................................................................................$1,059.00Investments ................................................................... $238,302.00Total Assets .......................................................... $748,902.00

Total Liabilities ..................................................... $450,000.00Equity Fund Restricted ................................................... $300,000.00Equity Fund Unrestricted ....................................................$2,700.00

FINANCIAL SUMMARIES

FOR THE YEAR ENDED DECEMBER 31, 2017

I used to have nothing

to do and few friends,

but here I see people all

the time and I exercise.

I am happy, and my kids are

happy that I am happy.

—John

In October 2017, The Northaven

Foundation was merged with

Northaven Assisted Living for

administrative savings. This is its

last separate financial statement.

TRUSTEES & LEADERS

BOARD OF TRUSTEES

Roger Edmark, President Boeing, Retired

Theresa Peloso, Vice-President Director, Group & Product Implementation Premera

Justin Meith, Treasurer Portfolio Manager Wells Fargo

Karen Themelis, Secretary Labor Relations Specialist Kaiser Permanente

Vikas Bhatia Principal Program Manager Microsoft

Kent Gregory Principal TGB Architects

Magda Hanna, MN, RN Nurse Manager Harborview Medical Center

Eric Seeb Senior Program Manager, Social Responsibility Amazon

Sarajane Siegfriedt Housing & Human Services Advocate

Virginia Swale Northaven Resident

Colette Wilson VP / GM Account Management Optum

Yiling Wong Public Policy Consultant Food Writer

2017–2018 Board Fellows

University of Washington Foster School of Business

Almeera Anwar HR Global Operations Coordinator Bill & Melinda Gates Foundation

Adarsh Mohapatra Manager,Technical Program Management AgVerdict

Board Members Emeriti

George DeBon Retired Chairman, Loomis

Jeanne Hayden Northaven Resident

Sandi Keuss Northaven Administrator, retired

Fred Utter Affiliate Faculty UW School of Aquatic & Fishery Sciences

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

L E A D E R S H I P

Darlene Storti, Executive Director

Mary Quarterman, RN, BSN, Director of Assisted Living

William H Dorn IV, Director of Development