2025-11-17T19:11:30-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 936023450 ROSE VILLA FOUNDATION INC ROSE 5036543075 13505 SE RIVER ROAD PORTLAND OR 97222 GLEN LEWIS TREASURER 5036543075 2025-11-11 1 1 KURT BENNION CPA P01469618 4252506100 2025-11-10 2024 2025-03-06 01:10:19Z ALEXIS ANDERSON 13505 SE RIVER ROAD PORTLAND OR 97222 878413 0 X WWW.ROSEVILLA.ORG/FOUNDATION X 1964 OR PROVIDE FINANCIAL ASSISTANCE TO SUPPORT RESIDENTS OF ROSE VILLA WHO ARE NO LONGER ABLE TO MEET ALL THEIR OWN LIVING EXPENSES. 15 14 0 50 0 0 238075 348307 0 0 143128 395704 60385 1448 441588 745459 155622 474761 0 0 0 0 0 0 28161 204526 226454 360148 701215 81440 44244 7509140 8222009 120959 475184 7388181 7746825 THE ROSE VILLA FOUNDATION SUPPORTS INDEPENDENCE, ADVANCES WELL-BEING, EMPOWERS SENIOR RESIDENTS, AND INSPIRES OUR COMMUNITY TO BUILD A BETTER FUTURE FOR ALL GENERATIONS. 0 0 466834 449693 0 RESIDENT ASSISTANCE: PROVIDED SAFETY-NET SUPPORT TO MEET THE NEEDS OF EIGHT LONGTIME RESIDENTS OF ROSE VILLA, INC., A 501(C)3 NONPROFIT SINGLE-SITE LIFE PLAN COMMUNITY. PRIMARILY THROUGH GRANTS TO ROSE VILLA, INC., ROSE VILLA FOUNDATION CONTINUED ITS FOUNDING PURPOSE, A NEIGHBOR-TO-NEIGHBOR PROMISE THAT LONGTIME RESIDENTS FACING UNEXPECTED FINANCIAL HARDSHIP - THROUGH NO FAULT OF THEIR OWN - MAY REMAIN IN THE COMMUNITY THEY CALL HOME. 78778 17668 0 ADDITIONAL PROGRAMS FOR RESIDENTS OF ROSE VILLA, INC.: - MADRONA GROVE QUALITY OF LIFE FOR NEEDS OF THOSE IN 24-HOUR SUPPORTIVE CARE- COMMUNITY GRANTS FOR RESIDENT-DRIVEN PROJECTS- PROFESSIONAL SERVICES SUCH AS FINANCIAL COACHING- EDUCATION AND ENRICHMENT SPEAKER SERIES 7400 7400 0 TEAM MEMBER EDUCATION AWARDS: PROVIDED SUPPORT FOR EDUCATION OF ROSE VILLA, INC., TEAM MEMBERS. 553012 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 15 14 0 1 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 OR X X KRISTINA DELISLE 5036543171 13505 SE RIVER ROAD PORTLAND OR 97222 GLEN LEWIS DIRECTOR AS OF MAR '24) & TREASURER (AS OF SEP '24) 1.00 50.00 X X 0 220212 11593 ANGELA HANSEN TREASURER (THROUGH AUGUST 2024) 5.00 50.00 X X 0 163710 20147 ALEXIS ANDERSON EXECUTIVE DIRECTOR (AS OF JULY 2024) 35.00 5.00 X 0 38876 2302 CATHY SCHAR PRESIDENT 1.50 0.00 X X 0 0 0 LOUISE WILLIAMS VICE PRESIDENT 1.50 0.00 X X 0 0 0 NANCY VUCKOVIC SECRETARY 1.50 0.00 X X 0 0 0 ARLIN BROWN DIRECTOR 1.00 0.00 X 0 0 0 JEANNE COZINE DIRECTOR 1.00 0.00 X 0 0 0 PETER EDDY DIRECTOR 1.00 0.00 X 0 0 0 MARNA FLAHERTY-ROBB DIRECTOR 1.00 0.00 X 0 0 0 MOLLY HOLSAPPLE DIRECTOR 1.00 0.00 X 0 0 0 DON LEHMAN IMMEDIATE PAST PRESIDENT 1.50 0.00 X X 0 0 0 SUSAN NESTOR DIRECTOR 1.00 1.00 X 0 0 0 BOB SACK DIRECTOR 1.00 0.00 X 0 0 0 BILL SCHEIBLE DIRECTOR 1.00 0.00 X 0 0 0 RON STOCK DIRECTOR 1.00 1.00 X 0 0 0 PAULA WIIKEN DIRECTOR 1.00 0.00 X 0 0 0 0 422798 34042 0 0 1 0 ROSE VILLA INC 13505 SE RIVER ROAD PORTLAND OR 97222 EXECUTIVE, SUPPORT & BOOKKEEPING SERVICE 136731 1 34625 313682 31866 348307 271713 271713 1448 1448 256945 132954 123991 123991 123991 745459 0 0 397152 X 474761 474761 34722 3955 30767 59406 59406 116959 70175 23392 23392 1149 1149 620 620 806 806 20 20 BOARD EXPENSES 8721 1112 2840 4769 COMMUNITY EDUCATION 3009 3009 TAXES & FEES 1042 1042 701215 553012 120042 28161 113548 524946 18085 24633 7187542 7357610 189965 314820 7509140 8222009 120959 475184 120959 475184 X 6939213 7583919 448968 162906 7388181 7746825 7509140 8222009 X 44244 331137 -16737 X X 0 1 X 1 0 X 144018 162516 142421 238075 348307 1035337 144018 162516 142421 238075 348307 1035337 1035337 145187 205191 149979 216674 271713 988744 531 1014 2149 8385 1448 13527 2037608 0.50810 0.52370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MINERAL RIGHTS LEASE - 2020 AMOUNT: $ 531. 2021 AMOUNT: $ 1,014. 2022 AMOUNT: $ 2,149. 2023 AMOUNT: $ 885. 2024 AMOUNT: $ 1,448. CHARITABLE GAMING REVENUES - 2023 AMOUNT: $ 7,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED ORGANIZATION 330975 CHARITABLE GIFT ANNUITY LIABILITIES 144209 475184 X 1286515 331137 448431 779568 506947 59406 179106 238512 745459 641809 0 641809 59406 59406 701215 PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE (IRS) SECTION 501(A) AS AN ORGANIZATION DESCRIBED BY THE IRC SECTION 501(C)(3) AND APPLICABLE STATE LAWS; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, RELATING TO UNRECOGNIZED TAX BENEFITS. THIS STANDARD REQUIRES AN ENTITY TO RECOGNIZE A LIABILITY FOR TAX POSITIONS WHEN THERE IS A 50% OR GREATER LIKELIHOOD THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE FOUNDATION IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE SERVICE REGULATIONS. THE FOUNDATION BELIEVES THAT IT HAS NOT GENERATED ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS AND THAT IT IS MORE LIKELY THAN NOT THAT THIS POSITION WOULD BE SUSTAINED UPON EXAMINATION. AS SUCH, THERE WERE NO LIABILITIES RECORDED FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 448,431. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS WITH DONOR RESTRICTIONS 162,369. CHANGE IN PRESENT VALUE OF ANNUITIES 16,737. 1 ROSE VILLA INC 13505 SE RIVER ROAD PORTLAND OR 97222 930471873 501(C)(3) 474761 0 RESIDENT ASSISTANCE AND MADRONA GROVE QUALITY OF LIFE PROGRAMS 1 0 PART I, LINE 2: THE ONLY GRANTS ARE MADE TO A RELATED ORGANIZATION. SHARED EXECUTIVE OVERSIGHT ENSURES THAT ALL GRANTED FUNDS ARE USED APPROPRIATELY. 1 0 0 0 0 0 0 0 0 GLEN LEWIS DIRECTOR AS OF MAR '24) & TREASURER (AS OF SEP '24) 0 220212 0 0 0 0 0 0 0 11593 0 231805 0 0 ANGELA HANSEN TREASURER (THROUGH AUGUST 2024) 0 145664 0 0 0 18046 0 13442 0 6705 0 183857 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ROSE VILLA, INC., A RELATED ORGANIZATION. ROSE VILLA, INC., USED A COMPENSATION SURVEY OR STUDY IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION: PART I, LINE 4A ANGELA HANSEN RECEIVED A SEVERANCE PAYMENT OF $18,046 FROM ROSE VILLA, INC., IN 2024. X 3 7250 AUCTION PRICE X 2 24616 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): AMOUNTS REPORTED IN PART I, COLUMN B REPRESENT THE NUMBER OF DONATIONS RECEIVED DURING THE YEAR. PART I, LINE 32B: A TOWING/AUCTION COMPANY, THAT SERVES MOST NONPROFITS IN THE AREA, IS USED TO SELL DONATED CARS. INVESTMENT ADVISORS SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD. THE EXECUTIVE COMMITTEE HAS POWER TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE ALSO HAS AUTHORITY TO APPROVE FINANCIAL ASSISTANCE REQUESTS FOR ROSE VILLA, INC., RESIDENTS. FORM 990, PART VI, SECTION A, LINE 3 ALL EXECUTIVE SERVICES ARE PROVIDED BY EMPLOYEES OF ROSE VILLA, INC., A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S BYLAWS WERE AMENDED IN OCTOBER 2024 TO (A) INCREASE THE MAXIMUM NUMBER OF BOARD MEMBERS FROM 15 TO 16; (B) REMOVE THE REQUIREMENT THAT ONE BOARD MEMBER BE THE CEO OF ROSE VILLA, INC.; (C) GIVE ROSE VILLA, INC., THE POWER TO APPOINT UP TO TWO OF ITS EXECUTIVE LEADERS TO SERVE AS EX OFFICIO VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS; AND (D) GIVE ROSE VILLA, INC., THE POWER TO DESIGNATE ONE OF ITS APPOINTED BOARD MEMBERS AS THE TREASURER OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ROSE VILLA, INC., MAY APPOINT UP TO TWO OF ITS EXECUTIVE LEADERSHIP STAFF TO SERVE AS EX OFFICIO VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS AND MAY DESIGNATE ONE OF THE TWO TO SERVE AS TREASURER. THE BOARD OF DIRECTORS OF ROSE VILLA, INC., MAY APPOINT UP TO TWO MEMBERS OF ITS BOARD OF DIRECTORS TO SERVE AS EX OFFICIO VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY THE FOUNDATION EXECUTIVE DIRECTOR, WHO IS ALSO THE VP OF PHILANTHROPY OF ROSE VILLA, INC., AND BY THE FOUNDATION TREASURER, WHO IS ALSO THE CEO OF ROSE VILLA, INC. A PUBLIC INSPECTION COPY OF THE FORM 990, WHICH PROTECTS THE ANONYMITY OF DONORS, WAS SENT TO THE BOARD FOR THEIR REVIEW AND COMMENTS, WITH 3-5 BUSINESS DAYS ALLOWED FOR QUESTIONS AND COMMENTS. THE TREASURER WAS AVAILABLE FOR DISCUSSION AND QUESTIONS THAT BOARD MEMBERS RAISED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, BOARD MEMBERS AND COMMITTEE MEMBERS COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. IF A TRANSACTION ARISES THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON IS REQUIRED TO DISCLOSE ITS EXISTENCE, AFTER WHICH THEY LEAVE THE MEETING WHILE THE REMAINING BOARD/COMMITTEE MEMBERS DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. THE CONFLICTED INDIVIDUAL MAY PRESENT RELEVANT INFORMATION AND ANSWER QUESTIONS, BUT IS OTHERWISE EXCLUDED FROM ALL DISCUSSIONS AND VOTES RELATED TO THE TRANSACTION. THE BOARD/COMMITTEE MAY EVALUATE ALTERNATIVES THAT DO NOT INCLUDE A CONFLICT OF INTEREST. AFTER EXERCISING DUE DILIGENCE, THE BOARD/COMMITTEE EVALUATES ALTERNATIVES AND VOTES ON WHETHER TO ENTER THE TRANSACTION. IF THE BOARD/COMMITTEE HAS REASON TO BELIEVE AN INDIVIDUAL FAILED TO DISCLOSE A CONFLICT, THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE. IF THE INDIVIDUAL DID FAIL TO DISCLOSE A CONFLICT, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTIONS ARE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 ROSE VILLA, INC.'S CEO ALSO SERVES AS ROSE VILLA FOUNDATION'S TREASURER. ALL EXECUTIVE COMPENSATION IS DETERMINED BY ROSE VILLA, INC., A RELATED ORGANIZATION. WHEN HIRING, COMPENSATION RANGES ARE COMPARED TO INDUSTRY BENCHMARKS FOR REASONABLENESS. THE ROSE VILLA, INC., BOARD EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND APPROVES CEO PAY BASED ON PERFORMANCE. GOALS AND ACHIEVEMENTS ARE ANUALLY REVIEWED AND USED TO DETERMINE COMPENSATION. WHEN HIRING, THE CEO DETERMINES OTHER KEY SALARIES WITH THE USE OF OUTSIDE WAGE SURVEYS. SENIOR MANAGEMENT COMPENSATION IS COMPARED WITH INDUSTRY COMPENSATION EVERY 3 TO 5 YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 70,175. MANAGEMENT AND GENERAL EXPENSES 23,392. FUNDRAISING EXPENSES 23,392. TOTAL EXPENSES 116,959. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF ANNUITIES -16,737. FORM 990, PART XII, LINE 2C: THE AUTHORITY AND PROCESS FOR SELECTING THE FINANCIAL STATEMENT AUDITOR AND FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE YEAR. ROSE VILLA INC 13505 SE RIVER ROAD PORTLAND OR 97222 930471873 HOUSING AND MEDICAL SERVICES FOR SENIORS OR 501(C)(3) LINE 10 N/A 0 NORTH STAR SENIOR COLLABORATIVE 13505 SE RIVER ROAD PORTLAND OR 97222 881061608 SUPPORT ROSE VILLA OR 501(C)(3) LINE 12B, II N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1