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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
- Base
- $152k
- Bonus
- $19k
- Other
- $187
- Benefits
- $13k
- Base
- $82k
- Bonus
- $64k
- Other
- $141
- Benefits
- $22k
- Base
- $140k
- Bonus
- $9k
- Other
- $464
- Benefits
- $12k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Health Services Administrator Highest Compensated Employee 75th to 90th percentile | $152k | $19k | $187 | $13k | $185k |
Marketing Director Above 90th percentile | $82k | $64k | $141 | $22k | $174k |
Director of Nursing Highest Compensated Employee Median to 75th percentile | $140k | $9k | $464 | $12k | $162k |
Health Services Administrator Highest Compensated Employee Median to 75th percentile | — | — | — | — | $129k |
Registered Nurse Highest Compensated Employee 25th percentile to median | — | — | — | — | $121k |
President & CEO (through Dec 2024) 25th percentile to medianvs Housing & Shelter peers in Washington | — | — | — | — | $52k |
Public Relations (through June 2024) Officer (Unspecified) | — | — | — | — | $22k |
CFO (as of January 2024) 10th to 25th percentile | — | — | — | — | $13k |
CFO (through January 2024) Below 10th percentile | — | — | — | — | $2k |
& Public Relations (as of July 2024) Officer (Unspecified) | — | — | — | — | $364 |
Plus 13 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at HERON'S KEY equaled 0.7% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 4%
from 2023
From $178k in 2023 to $185k in 2024.
Highest Compensated Employee pay rose 4% from 2023 to 2024, while revenue fell 1%.
- Director (Operational) pay rose 14% from 2023 to 2024.
- Chief Executive Officer pay rose 9% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about HERON'S KEY
What does the Highest Compensated Employee of HERON'S KEY earn?
In 2024, the Highest Compensated Employee of HERON'S KEY received $184,534 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among Housing & Shelter organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at HERON'S KEY compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations nationwide, the 2024 pay of the Highest Compensated Employee at HERON'S KEY falls between the 75th and 90th percentiles. In 2024, the highest total compensation at HERON'S KEY equaled 0.7% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are HERON'S KEY's revenue and expenses?
In 2024, HERON'S KEY reported $25.5M in total revenue and $25.1M in total expenses on its IRS Form 990.
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