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Filing year 2024

HERON'S KEY

Redmond, Washington·EIN 46-2710915·NTEE L20 · Housing & Shelter·501(c)(3)
Total revenue
$25.5M
Total assets
$139.8M
Total expenses
$25.1M
Reported officers
23
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.

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.

Health Services Administrator
Highest Compensated Employee
75th to 90th percentile
$185k
$197k
Base
$152k
Bonus
$19k
Other
$187
Benefits
$13k
Marketing Director
Director (Operational)
Above 90th percentile
$174k
$186k
Base
$82k
Bonus
$64k
Other
$141
Benefits
$22k
Director of Nursing
Highest Compensated Employee
Median to 75th percentile
$162k
$172k
Base
$140k
Bonus
$9k
Other
$464
Benefits
$12k
Health Services Administrator
Highest Compensated Employee
Median to 75th percentile
$129k
$137k
Registered Nurse
Highest Compensated Employee
25th percentile to median
$121k
$130k
President & CEO (through Dec 2024)
25th percentile to medianvs Housing & Shelter peers in Washington
$52k
$55k
Public Relations (through June 2024)
Officer (Unspecified)
$22k
$24k
CFO (as of January 2024)
10th to 25th percentile
$13k
$14k
CFO (through January 2024)
Below 10th percentile
$2k
$2k
& Public Relations (as of July 2024)
Officer (Unspecified)
$364
$388

Teal figures restate each filed amount in 2026 dollars.

Estimated with Seattle-Tacoma-Bellevue, WA metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

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%.

This organization (2024)
0.7%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,789 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.

$178k
2023
$185k
2024
In today's dollarsEst.
Roughly flat in real terms$197k to $197k

Estimated with Seattle-Tacoma-Bellevue, WA metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 4% from 2023 to 2024, while revenue fell 1%.

$178k in 2023 to $185k in 2024.
  • 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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

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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