Willamette View Foundation

Portland, ORUnknown exempt organization EIN 93-0575395Revenue $171K in FY2024Latest return filed Feb 20, 2025

On file with the IRSwillametteviewfoundation.orgPortland, OR

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The Foundation provides financial assistance and other support to residents of Willamette View, a continuing care retirement community. Residents may apply for financial assistance if their personal and family financial resources are no longer sufficient to pay their living expenses at Willamette View, INC. The Foundation also makes grants to Willamette View, INC. On a selective basis for projects that benefit Willamette View residents.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0575395) · Dispute this line
72¢ of each $1 spent went to programs.
Run by 8 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $551K a year · 253% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$600K
to officers and key staff · 69% of spending
Pay to officers and key staff is 69% of spending.
Part VII, Section A
1.8 mo
of spending, in cash
Plus $24.9M in investments, Pt X · Ln 11–13
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$171K
-74% vs prior year
Spent
$865K
To programs
72%
Net assets
$24.3M
By yearFY2020–FY2024
Revenue
$171K
FY2024▼ -74%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$101K
FY2022$25K
FY2023$663K
FY2024$171K
Expenses
$865K
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$597K
FY2021$650K
FY2022$618K
FY2023$1.1M
FY2024$865K
Net assets
$24.3M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.5M
FY2021$24.3M
FY2022$19.5M
FY2023$22.1M
FY2024$24.3M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $623K Management & general 26% · $229K Fundraising 1% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $600K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$412,545Pt VII · Sec A
Executive Director
$187,000Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Diane Wernli$187,000$175,024$162,400$155,706$153,708

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 Willamette View Foundation executive salaries →

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

Offers financial aid and support to residents of a continuing care retirement community.

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1 program · $623K · in their own filed words · FY2024
01

Resident Assistance

The foundation provides financial assistance to residents of willamette view, who outlive their available financial resources or who otherwise no longer have the resources to fully meet their expenses due to illness or other unexpected events.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-0575395) · Dispute this line
$623Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.3M · 2020–2024
Unitemized GrantFY2024$279,959
Unitemized GrantFY2023$480,000
Unitemized GrantFY2023$92,240
Unitemized GrantFY2022$114,551
Unitemized GrantFY2021$161,856
Unitemized GrantFY2020$126,852

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$171K
Ln 12
Investment incomeLn 3$105K
Gifts and grantsLn 1h$66K
Money outPt IX
$865K
Ln 25
Programscol B$623K
Managementcol C$229K
Fundraisingcol D$13K
Owns and owesPt X
$24.3M
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$25.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Investment incomeLn 3$105K
Total revenueLn 12$171K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$129K
Prepaid expenses and deferred chargesLn 9$14K
InvestmentsLn 11–13$24.9M
Total assetsLn 16$25.0M
LiabilitiesLn 26$0
Net assetsLn 32$24.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 68
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$120K$129K
InvestmentsLn 11–13$22.1M$24.9M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$22.9M$25.0M
LiabilitiesLn 26$862K$735K
Net assetsLn 32$22.1M$24.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$280K$280K
Pay of officers and key staff (Part IX, line 5)Ln 5$199K$135K$60K$4K
Other salaries and wagesLn 7$76K$65K$8K$4K
Pension plan contributionsLn 8$4K$3K$375$187
Other employee benefitsLn 9$17K$11K$6K$651
Payroll taxesLn 10$23K$17K$5K$690
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$81K$81K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$22K$16K$6K$655
OccupancyLn 16$49K$36K$12K$1K
InsuranceLn 23$41K$30K$10K$1K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$865K$623K$229K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Feb 20, 2025 $171K$865K−$694K$24.3M 990 PDF
FY2023Filed with the IRS May 16, 2024 $663K$1.1M−$454K$22.1M 990 PDF
FY2022Filed with the IRS May 22, 2023 $25K$618K−$593K$19.5M 990 PDF
FY2021Filed with the IRS May 24, 2022 $101K$650K−$549K$24.3M 990 PDF
FY2020Filed with the IRS May 27, 2021 $132K$597K−$465K$22.5M 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $170,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $601,847$65,802
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $61,034$105,008
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $662,881$170,810
I-13 Grants and similar amounts paidPrior year $572,240$279,959
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $299,129$319,032
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $245,304$266,089
I-18 Total expensesPrior year $1,116,673$865,080
I-19 Revenue less expensesPrior year −$453,792−$694,270
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $170,810 across 4 lines filed
VIII-1f All other contributions, gifts and grants$65,802
VIII-1h Total contributions, gifts and grants$65,802
VIII-3 Investment incomeExcluded from tax $105,008$105,008
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $105,008$170,810
Part IX · Statement of functional expenses $865,080 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $279,959$279,959
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $135,349 · Management $59,713 · Fundraising $3,981$199,043
IX-7 Other salaries and wagesPrograms $64,600 · Management $7,600 · Fundraising $3,800$76,000
IX-8 Pension plan contributionsPrograms $3,188 · Management $375 · Fundraising $187$3,750
IX-9 Other employee benefitsPrograms $11,063 · Management $5,682 · Fundraising $651$17,396
IX-10 Payroll taxesPrograms $16,853 · Management $5,300 · Fundraising $690$22,843
IX-11b Legal feesPrograms $30,413$30,413
IX-11c Accounting feesManagement $28,112$28,112
IX-11f Investment management feesManagement $81,116$81,116
IX-11g Other fees for servicesManagement $3,710$3,710
IX-12 Advertising and promotionManagement $2,424$2,424
IX-13 Office expensesPrograms $16,254 · Management $5,535 · Fundraising $655$22,444
IX-16 OccupancyPrograms $35,738 · Management $12,169 · Fundraising $1,441$49,348
IX-23 InsurancePrograms $29,914 · Management $10,186 · Fundraising $1,206$41,306
IX-24 Other expenses (24a–d)Management $7,216$7,216
IX-25 Total functional expensesPrograms $623,331 · Management $229,138 · Fundraising $12,611$865,080
Part X · Balance sheet $25,014,819 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $67,155$89,350
X-2 Savings and temporary cash investmentsStart of year $52,443$39,848
X-3 Pledges and grants receivableStart of year $600,000$0
X-9 Prepaid expenses and deferred chargesStart of year $50,965$13,785
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $6,297,644$8,654,119
X-12 Other securitiesStart of year $15,835,260$16,217,717
X-15 Other assetsStart of year $44,839$0
X-16 Total assetsStart of year $22,948,306$25,014,819
X-17 Accounts payable and accrued expensesStart of year $33,500$41,500
X-25 Other liabilitiesStart of year $828,359$693,079
X-26 Total liabilitiesStart of year $861,859$734,579
X-27 Net assets without donor restrictionsStart of year $21,638,365$23,727,249
X-28 Net assets with donor restrictionsStart of year $448,082$552,991
X-32 Total net assets or fund balancesStart of year $22,086,447$24,280,240
X-33 Total liabilities and net assetsStart of year $22,948,306$25,014,819
Part XI · Reconciliation of net assets $24,280,240 net assets at year end
XI-1 Total revenue$170,810
XI-2 Total expenses$865,080
XI-3 Revenue less expenses−$694,270
XI-4 Net assets at start of year$22,086,447
XI-5 Net unrealized gains (losses) on investments$2,723,843
XI-9 Other changes in net assets$164,220
XI-10 Net assets at end of year$24,280,240

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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