Northaven Inc
Nonprofit profile at a glance
- EIN
- 910877707
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Seattle, WA, USA
- Phone
- 2063653020
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $3,493,129
- Expenses
- $3,776,335
- Assets
- $4,203,959
- Liabilities
- $7,156,233
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Theresa Peloso (President)
- Kent Gregory (Vice President)
- Darlene Storti (Executive Director)
Highest reported compensation
- Darlene Storti (Executive Director): $132,563 total reported compensation
- Alison Mims (Trustee): $72,977 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide housing and nutritionally balance meals to approximately 200 low-income elderly people
What it reported doing in 2025
Provide apartment dwelling, parking, nutritionally balanced meals, and other supporting services for approximately 200 low-income elderly people
Operating model
- Revenue model
- Earned-program. 68% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 86
- Sustainability: 23
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.1%; rating input score 87
- Program expense ratio: 80.5%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.1%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 1.11; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 1.7; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 87.1% of revenue deployed · 80.5% of spending went to programs
- Governance: 13 of 14 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $133K · 15 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.