Nonprofit · EIN 46-2710915
HERONS KEY
Tax-exempt · REDMOND, WA 98052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $28,843,344 | $26,530,245 | $2,313,099 | $140,587,168 | $178,295,058 | -$37,707,890 |
| December 31, 2024 | 990 | $25,470,139 | $25,107,762 | $362,377 | $139,770,393 | $177,985,089 | -$38,214,696 |
| December 31, 2023 | 990 | $25,833,805 | $23,872,850 | $1,960,955 | $134,165,705 | $174,486,044 | -$40,320,339 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,858,648
- Program service revenue
- $26,084,680
- Investment income
- $900,016
- Net gain from sales of assets
- $81
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $35,000
- Other salaries and wages
- $8,189,855
- Salaries, compensation and benefits (total)
- $11,064,716
- Professional fundraising fees
- $0
- Legal fees
- $27,179
- Accounting fees
- $64,999
- Occupancy
- $786,526
- Travel
- $54,050
- Depreciation
- $3,944,988
- Program services (functional)
- $20,080,793
- Management and general (functional)
- $6,449,452
Balance sheet and other
- Total assets, start of year
- $139,770,393
- Total assets, end of year
- $140,587,168
- Total liabilities, end of year
- $178,295,058
- Net assets, end of year
- -$37,707,890
- Land, buildings and equipment
- $105,733,413
- Publicly traded securities
- $27,142,218
- Net assets without donor restrictions
- -$39,655,727
- Net assets with donor restrictions
- $1,947,837
- Gross receipts
- $28,843,344
- Employees
- 237
- Volunteers
- 12
- Year formed
- 2013
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA HARDY CHIEF | STRATEGY OFFICER (THROUGH MAY 2025) Officer | 15 | $0 | $492,200 | $15,503 |
| DENISA FEDDERSEN | CFO Officer | 15 | $0 | $336,511 | $23,116 |
| RONALD D SCHAEFER PRESIDENT | & CEO (AS OF SEPTEMBER 2025) Officer | 15 | $0 | $304,909 | $4,317 |
| AL CHAMBARD | INTERIM CEO (THROUGH SEPTEMBER 2025) Officer | 15 | $0 | $258,229 | $0 |
| STACY EDWARDS | MARKETING DIRECTOR Highest-paid employee | 50 | $213,122 | $0 | $20,704 |
| KAREN ROSE | HEALTH SERVICES ADMINISTRATOR Highest-paid employee | 50 | $182,729 | $0 | $13,152 |
| MCKENNA LEEHAN | MARKETING ASSOCIATE Highest-paid employee | 50 | $156,571 | $0 | $9,284 |
| LAURA HAMMOND | MARKETING ASSOCIATE Highest-paid employee | 50 | $149,509 | $0 | $12,410 |
| ANGELA MCCLOSKEY | DIRECTOR OF NURSING SERVICES Highest-paid employee | 50 | $147,866 | $0 | $10,417 |
| DWIGHT WHITING | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JILL GUERNSEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAPHNE SCHNEIDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID HUDSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN COHOE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CRIST | DIRECTOR (THROUGH APRIL 2025) Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF JONES | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| DEWAYNE MCMULLIN | DIRECTOR Trustee or director | 1 | $0 |
| UCHE OKEZIE | DIRECTOR Trustee or director | 1 | $0 |
| JUDY RICHARDSON | DIRECTOR Trustee or director | 1 | $0 |
| DANNA VANHORN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA HARDY | PRESIDENT & CEO (THROUGH DEC 2024) Officer | 15 | $0 | $643,917 | $51,536 |
| DENISA FEDDERSEN | CFO (AS OF JANUARY 2024) Officer | 15 | $0 | $291,243 | $12,893 |
| KAY WALLIN VP OF MARKETING | PUBLIC RELATIONS (THROUGH JUNE 2024) Officer | 22.5 | $0 | $273,962 | $22,107 |
| KAREN ROSE | HEALTH SERVICES ADMINISTRATOR Highest-paid employee | 50 | $171,610 | $0 | $12,924 |
| STACY EDWARDS | MARKETING DIRECTOR Highest-paid employee | 50 | $147,010 | $0 | $27,257 |
| ANGELA MCCLOSKEY | DIRECTOR OF NURSING Highest-paid employee | 50 | $149,355 | $0 | $12,256 |
| HOLLY PHILLIPS | HEALTH SERVICES ADMINISTRATOR Highest-paid employee | 50 | $114,974 | $0 | $13,720 |
| DAWN EMERICH | REGISTERED NURSE Highest-paid employee | 50 | $108,516 | $0 | $12,881 |
| DIANA JAMISON | CFO (THROUGH JANUARY 2024) Officer | 20 | $0 | $105,944 | $1,620 |
| SANDRA COOK VP OF MARKETING | & PUBLIC RELATIONS (AS OF JULY 2024) Officer | 22.5 | $0 | $96,305 | $364 |
| AL CHAMBARD | INTERIM CEO (AS OF NOVEMBER 2024) Officer | 15 | $0 | $79,153 | $0 |
| DWIGHT WHITING | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DAPHNE SCHNEIDER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANNA VANHORN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID HUDSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN COHOE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CRIST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JILL GUERNSEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY KING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE MARSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEWAYNE MCMULLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUDY RICHARDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA HARDY | PRESIDENT & CEO Officer | 15 | $0 | $611,907 | $47,165 |
| DIANA JAMISON | CFO Officer | 20 | $0 | $315,555 | $16,442 |
| KAY WALLIN | VP MARKETING & PUBLIC RELATIONS Officer | 22.5 | $0 | $244,504 | $22,135 |
| KAREN ROSE | HEALTH SERVICES ADMINISTRATOR Highest-paid employee | 50 | $167,057 | $0 | $11,119 |
| STACY EDWARDS | MARKETING DIRECTOR Highest-paid employee | 50 | $124,762 | $0 | $27,767 |
| ANGELA MCCLOSKEY | DIRECTOR OF NURSING Highest-paid employee | 50 | $137,627 | $0 | $10,470 |
| MARY MUNOZ | RESIDENT CARE MANAGER Highest-paid employee | 50 | $101,458 | $0 | $21,290 |
| HOLLY PHILLIPS | HEALTH SERVICES ADMINISTRATOR Highest-paid employee | 50 | $109,803 | $0 | $11,892 |
| DWIGHT WHITING | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DAPHNE SCHNEIDER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANNA VANHORN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID HUDSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN COHOE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CRIST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JILL GUERNSEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY KING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE MARSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEWAYNE MCMULLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUDY RICHARDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10901 176TH CIR NE, REDMOND, WA 98052-7218
- In care of
- % LISA HARDY
- Mailing address (990-N for 2016)
- 10901 176th Circle NE, Redmond WA 98052
- Principal officer (990 for 2025)
- RONALD D SCHAEFER, 10901 176TH CIRCLE NE, REDMOND, WA 98052
- Principal officer (990-N for 2016)
- Lisa Hardy, 10901 176th Circle NE, Redmond WA 98052
- Signed the 990
- RONALD D SCHAEFER, PRESIDENT & CEO
- Phone
- (425) 556-8100
- Website
- www.heronskey.org
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
HERON'S KEY IS A NOT-FOR-PROFIT NON-DENOMINATIONAL LIFE PLAN RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF LIVING ACCOMMODATIONS, SUPPORTIVE SERVICES, AND HEALTH CARE FOR RESIDENTS 55 YEARS OF AGE AND OLDER. (CONTINUED IN SCHEDULE O)AS A LIFE PLAN RETIREMENT COMMUNITY IN GIG HARBOR, THE ORGANIZATION OFFERS A WIDE RANGE OF QUALITY PROGRAMS, SERVICES, AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL, AND INTELLECTUAL NEEDS OF ITS RESIDENTS AND TO SERVE THE BROADER COMMUNITY. HERON'S KEY IS OPERATED TO FULFILL ITS MISSION OF SERVICE WHILE REMAINING TRUE TO ITS CORE VALUES OF INTEGRITY, STEWARDSHIP, EMPOWERMENT, FAITH, CHANGE, AND CHOICE. THE ASSOCIATION'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL COMMUNITY MEMBERS AND HERON'S KEY RESIDENTS, ALL DEDICATED TO THE MISSION OF HERON'S KEY AND TO ENSURE IT CONTINUES TO MAINTAIN ITS HIGH STANDARDS OF EXCELLENCE AND REMAINS FINANCIALLY SOUND.
Program accomplishments
- HERON'S KEY PROVIDES SAFE AND SECURE SENIOR HOUSING AND SERVICES TO APPROXIMATELY 307 INDEPENDENT LIVING RESIDENTS IN THE ORGANIZATION'S 194 APARTMENTS. THE ORGANIZATION PROVIDES MANY SUPPORT SERVICES, INCLUDING MEAL SERVICES PROVIDED IN A CENTRAL DINING ROOM, FITNESS AND EXERCISE CLASSES, EQUIPMENT, AN ON-SITE CLINIC, WELLNESS PROGRAMS, SOCIAL PROGRAMS, A WIDE VARIETY OF RESIDENT ACTIVITIES, BOTH ON SITE AND OTHER LOCATIONS, AND TRANSPORTATION TO MEDICAL APPOINTMENTS AND GROCERY STORES, BANKS, AND SPECIAL ACTIVITIES. ALL LIFE PLAN RESIDENTS HAVE UNLIMITED ACCESS TO ASSISTED LIVING AND SKILLED NURSING HEALTH CARE. (CONTINUED IN SCHEDULE O)HERON'S KEY WAS FINANCED WITH BONDS ISSUED BY THE WASHINGTON STATE HOUSING FINANCE COMMISSION. AS A TYPE A FACILITY IN THE STATE OF WASHINGTON, NO RESIDENT OF HERON'S KEY MAY UTILIZE TAX-PAYER FUNDED PUBLIC ASSISTANCE PROGRAMS SUCH AS MEDICAID. HERON'S KEY PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO, FOR REASONS BEYOND THEIR CONTROL, BECOME UNABLE TO PAY THEIR MONTHLY SERVICE FEES. AS A NOT-FOR-PROFIT, MISSION-DRIVEN ORGANIZATION, REVENUES GENERATED IN EXCESS OF EXPENSES ARE INVESTED AND HELD AS RESERVES TO ENSURE ALL CURRENT AND FUTURE CONTRACTUAL OBLIGATIONS CAN BE FULLY MET, TO REPLACE FACILITY AND PROGRAM ASSETS AS NEEDED, AND TO ALLOW PRUDENT EXPANSION OF THE MISSION. HERON'S KEY PROVIDES OPPORTUNITIES FOR RESIDENTS AND STAFF TO INTERACT WITHIN THE HERON'S KEY COMMUNITY, THE GREATER GIG HARBOR COMMUNITY AND BEYOND BY ESTABLISHING CLOSE TIES WITH COMMUNITY FACILITIES SUCH AS GIG HARBOR CHAMBER OF COMMERCE, AND BY DEVELOPING COMMUNITY OUTREACH PROGRAMS CONSISTENT WITH ITS MISSION. HERON'S KEY RECRUITS, DEVELOPS AND RETAINS COMPETENT AND CARING STAFF WHO SHARE THE ORGANIZATION'S PRINCIPLES, VALUES AND STANDARDS BY MAINTAINING OPEN COMMUNICATION AND STRESSING TEAM WORK THAT BUILDS UP THE SPIRIT OF COMMUNITY, AND DEVELOPING STANDARDS OF PERFORMANCE FOR EVALUATION BASED ON POSITION DESCRIPTIONS, AND PROVIDING FAIR, COMPETITIVE COMPENSATION AND BENEFITS.Expenses $12,256,818 · grants $35,000 · revenue $15,921,442
- HERON'S KEY HAS 30 SKILLED NURSING BEDS IN PRIVATE ROOMS THAT PROVIDE HOUSING, CARE AND NURSING SERVICES TO RESIDENTS THAT NEED THIS HIGHER LEVEL OF CARE. SERVICES IN THIS AREA MAY BE SHORT TERM TO PROVIDE NEEDED CARE TO REHABILITATE AFTER AN ILLNESS OR INJURY. THE SKILLED NURSING FACILITY ALSO PROVIDES LONG-TERM CUSTODIAL CARE FOR THOSE RESIDENTS NEEDING THIS HIGHER LEVEL OF HEALTH CARE. FOR LIFE PLAN RESIDENTS THESE ADDITIONAL SERVICES AND SUPPORT ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR INDEPENDENT LIVING RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF HEALTH CARE, SUPPORT SERVICES, SOCIAL AND PROGRAM ACTIVITIES ARE AVAILABLE TO ASSIST AND CARE FOR RESIDENTS.Expenses $5,526,956 · revenue $7,179,442
- HERON'S KEY HAS 49 ASSISTED LIVING APARTMENTS THAT PROVIDE LONG-TERM HOUSING AND SERVICES TO RESIDENTS THAT NEED MORE CARE THAN INDEPENDENT LIVING RESIDENTS. FOR LIFE PLAN RESIDENTS THESE ADDITIONAL SERVICES AND SUPPORT ARE PROVIDED AT THE RATE THE RESIDENT WOULD PAY IF THEY REMAINED IN THEIR PRIVATE RESIDENTIAL UNIT PLUS THE COST OF RECEIVING ADDITIONAL MEALS. A WIDE VARIETY OF SUPPORT SERVICES ARE AVAILABLE TO ASSIST WITH ACTIVITIES OF DAILY LIVING AND MEMORY CARE FOR THOSE RESIDENTS WITH DEMENTIA. SOCIAL AND PROGRAM ACTIVITIES ARE PROVIDED.Expenses $2,297,019 · revenue $2,983,796
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2710915
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $140,587,168
- Income (IRS master file)
- $28,843,344
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $28,843,344 | $26,530,245 | $140,587,168 | XML |
| 990 | December 2024 | $25,470,139 | $25,107,762 | $139,770,393 | XML |
| 990 | December 2023 | $25,833,805 | $23,872,850 | $134,165,705 | XML |
| 990 | December 2022 | $13,896,246 | $24,052,522 | $131,461,991 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: Lisa Hardy | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2710915).
Questions about HERONS KEY
- What is the EIN of HERONS KEY?
- The employer identification number (EIN) of HERONS KEY is 46-2710915.
- Is HERONS KEY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to HERONS KEY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HERONS KEY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HERONS KEY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERONS KEY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HERONS KEY?
- The 990 for the year ended December 31, 2025 names RONALD D SCHAEFER.
- Who are the officers and directors of HERONS KEY?
- The 990 for the year ended December 31, 2025 lists 21 people; 5 received compensation from the organization.
- How much revenue does HERONS KEY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $28,843,344, expenses of $26,530,245 and total assets of $140,587,168 at year end.
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