To develop and provide strategic direction to, manage the employees of, and otherwise engage in activities to support presbyterian retirement communities northwest ("prcn") and those organizations described in section 501(c)(3) that are related to prcn through common control.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$3.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $33.9M a year · 196% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $12.4M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.6M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.0M
+115% vs prior year
Spent
$21.8M
To programs
100%
Net assets
$27.2M
By yearFY2022–FY2025
Revenue
$27.0M
FY2025▲ +115%
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$12.3M
FY2024$12.6M
FY2025$27.0M
Expenses
$21.8M
FY2025▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$115.7M
FY2024$16.2M
FY2025$21.8M
Net assets
$27.2M
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023−$102.5M
FY2024$21.9M
FY2025$27.2M

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Revoked Feb 2022, reinstated. IRS ruling Sep 2022, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Sep 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $21.8M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$1,174,707Pt VII · Sec A
Treasurer & CFO
$637,622Pt VII · Sec A
VP of Ccrc's
$478,728Pt VII · Sec A
SVP of Strategy & Partnerships
$357,688Pt VII · Sec A
General Counsel
$356,566Pt VII · Sec A
VP of Real Estate Development
$303,915Pt VII · Sec A
VP of Finance & Accounting
$291,061Pt VII · Sec A
Secretary
$118,517Pt VII · Sec A

Torsten Hirche’s $1.2M as President & CEO is at the 100th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024
Torsten Hirche$1,174,707$346,509
Michael Connell$637,622$193,744
Kenneth Noreen$478,728$137,193
Harold Knight$357,688—
Ashlee Gray$356,566—
Ted Macbeth$303,915—
Kimberly Henderson$291,061—
Michele Luke$118,517$29,825

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Transforming Age executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports subsidiary organizations by providing resources and guidance.

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Provided by the organization

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1 program · $21.8M · in their own filed words · FY2024
01

During the fiscal year ended september 30, 2025, transforming age provided support services to 501(c)(3) subsidiary organizations, including presbyterian retirement communities northwest (dba: parkshore), german retirement home of the state of washington (dba: parkshore juanita bay), christian retirement homes (dba: eastmont), fred lind…

$21.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Fred Lind ManorFY2024$585K
Total grants receivedfrom 3 funders$12.4M
See all 3 funders →
Grants paid · 7 grants · $124.8M · 2022–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$27.0M
Ln 12
Fees for servicesLn 2g$13.4M
Gifts and grantsLn 1h$12.4M
Other incomeLn 4–11$850K
Money outPt IX
$21.8M
Ln 25
Programscol B$21.8M
Owns and owesPt X
$27.2M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$34.8M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
18
listed · VII A
PaidVII A8
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.4M
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$432K
Other incomeLn 4–11$850K
Gains on assetsLn 7−$73K
Total revenueLn 12$27.0M
Assets in detailPt X, end of year
CashLn 1$3.5M
SavingsLn 2$6.2M
Cash and savings togetherLn 1–2$9.7M
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$7.1M
Other assetsLn 15$8.4M
Total assetsLn 16$34.8M
LiabilitiesLn 26$7.6M
Net assetsLn 32$27.2M
OperationsPt I, VI
EmployeesI 575
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.8M$9.7M
InvestmentsLn 11–13$2.6M$2.6M
Land, buildings, equipmentLn 10c$5.9M$7.1M
Total assetsLn 16$28.7M$34.8M
LiabilitiesLn 26$6.8M$7.6M
Net assetsLn 32$21.9M$27.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.6M$3.6M
Pay of current officers, directors and key staffLn 5$2.0M$2.0M
Other salaries and wagesLn 7$8.6M$8.6M
Pension plan contributionsLn 8$253K$253K
Other employee benefitsLn 9$587K$587K
Payroll taxesLn 10$671K$671K
Legal feesLn 11b$276K$276K
Accounting feesLn 11c$107K$107K
Investment management feesLn 11f−$15K−$15K
Other fees for servicesLn 11g$1.6M$1.6M
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$93K$93K
Information technologyLn 14$851K$851K
OccupancyLn 16$417K$417K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$23K$23K
InterestLn 20$666K$666K
Depreciation, depletion and amortizationLn 22$232K$232K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$1.8M$1.8M
All other expensesLn 24e$79K$79K
Total functional expensesLn 25$21.8M$21.8M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $27.0M$21.8M$5.2M$27.2M 990 PDF
FY2024 $12.6M$16.2M−$3.6M$21.9M 990 PDF
FY2023 $12.3M$115.7M−$103.4M−$102.5M 990 PDF
FY2022 $0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $27,043,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$12,403,616
I-9 Program service revenuePrior year $11,514,233$13,357,959
I-10 Investment incomePrior year $763,169$431,628
I-11 Other revenuePrior year $288,669$849,982
I-12 Total revenuePrior year $12,566,071$27,043,185
I-13 Grants and similar amounts paidPrior year $2,305,000$3,600,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,451,135$12,132,790
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,451,589$6,116,065
I-18 Total expensesPrior year $16,207,724$21,848,855
I-19 Revenue less expensesPrior year −$3,641,653$5,194,330
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $27,043,185 across 9 lines filed
VIII-1d Related organizations$12,403,116
VIII-1f All other contributions, gifts and grants$500
VIII-1h Total contributions, gifts and grants$12,403,616
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,357,959$13,357,959
VIII-3 Investment incomeExcluded from tax $504,888$504,888
VIII-6 Net rental income or lossExcluded from tax $427,508$427,508
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$73,260−$73,260
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $422,474$422,474
VIII-12 Total revenueRelated to mission $13,357,959 · Unrelated business $0 · Excluded from tax $1,281,610$27,043,185
Part IX · Statement of functional expenses $21,848,855 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $3,600,000$3,600,000
IX-5 Pay of current officers, directors and key staffPrograms $2,001,249$2,001,249
IX-7 Other salaries and wagesPrograms $8,619,932$8,619,932
IX-8 Pension plan contributionsPrograms $253,400$253,400
IX-9 Other employee benefitsPrograms $586,837$586,837
IX-10 Payroll taxesPrograms $671,372$671,372
IX-11b Legal feesPrograms $275,540$275,540
IX-11c Accounting feesPrograms $107,386$107,386
IX-11f Investment management feesPrograms −$15,073−$15,073
IX-11g Other fees for servicesPrograms $1,564,900$1,564,900
IX-12 Advertising and promotionPrograms $20,292$20,292
IX-13 Office expensesPrograms $93,040$93,040
IX-14 Information technologyPrograms $851,287$851,287
IX-16 OccupancyPrograms $417,017$417,017
IX-17 TravelPrograms $8,342$8,342
IX-19 Conferences, conventions and meetingsPrograms $22,926$22,926
IX-20 InterestPrograms $665,921$665,921
IX-22 Depreciation, depletion and amortizationPrograms $232,324$232,324
IX-23 InsurancePrograms $41,971$41,971
IX-24 Other expenses (24a–d)Programs $1,751,470$1,751,470
IX-24e All other expensesPrograms $78,722$78,722
IX-25 Total functional expensesPrograms $21,848,855 · Management $0 · Fundraising $0$21,848,855
Part X · Balance sheet $34,775,711 assets, 15 lines filed
Asset lines not itemized here account for $351,631; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,823,467$3,500,381
X-2 Savings and temporary cash investmentsStart of year $12,262$6,206,546
X-4 Accounts receivableStart of year $1,709,706$5,083,033
X-9 Prepaid expenses and deferred chargesStart of year $987,912$1,454,387
X-10c Land, buildings and equipment, netStart of year $5,918,438$7,108,020
X-13 Program-related investmentsStart of year $2,635,997$2,635,997
X-15 Other assetsStart of year $14,416,893$8,435,716
X-16 Total assetsStart of year $28,714,675$34,775,711
X-17 Accounts payable and accrued expensesStart of year $3,055,242$3,995,648
X-19 Deferred revenue$234,556
X-25 Other liabilitiesStart of year $341,900$38,423
X-26 Total liabilitiesStart of year $6,768,545$7,581,893
X-27 Net assets without donor restrictionsStart of year $21,946,130$27,193,818
X-32 Total net assets or fund balancesStart of year $21,946,130$27,193,818
X-33 Total liabilities and net assetsStart of year $28,714,675$34,775,711
Part XI · Reconciliation of net assets $27,193,818 net assets at year end
XI-1 Total revenue$27,043,185
XI-2 Total expenses$21,848,855
XI-3 Revenue less expenses$5,194,330
XI-4 Net assets at start of year$21,946,130
XI-5 Net unrealized gains (losses) on investments$53,358
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,193,818

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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