Herons Key
10901 176th Cir NE, Redmond, WA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $28,843,344 | $26,530,245 | -$37,707,890 |
| FY2024 | $25,470,139 | $25,107,762 | -$38,214,696 |
| FY2023 | $25,833,805 | $23,872,850 | -$40,320,339 |
| FY2022 | $13,896,246 | $24,052,522 | -$41,950,751 |
| FY2021 | $21,024,453 | $23,728,156 | -$33,736,433 |
| FY2020 | $20,479,553 | $22,995,550 | -$30,781,705 |
| FY2019 | $17,260,024 | $22,590,185 | -$28,242,125 |
| FY2018 | $12,858,227 | $20,668,302 | -$21,706,188 |
| FY2017 | $1,654,210 | $7,294,592 | -$17,679,499 |
Form 990 filings
The returns filed by Herons Key (EIN 46-2710915), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,858,648 | 6% |
| Program service revenue | $26,084,680 | 90% |
| Other revenue | $900,016 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $20,080,793 | 76% |
| Management & general | $6,449,452 | 24% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 90% of total revenue in FY2025.
- Program services accounted for 76% of functional expenses, management & general 24%, and fundraising 0%.
- 76% of functional expenses went to program services in FY2025. That is higher than 14.7% of 929 Housing & Shelter organizations nationwide (too few in WA for a state comparison).
- Net assets covered about -17.1 months of expenses at the end of the reporting year. That puts it in the 12th percentile among 269 Housing & Shelter organizations in WA.
- Total revenue was higher than 99.3% of 269 Housing & Shelter organizations in WA.
- Total revenue rose from $1,654,210 in FY2017 to $28,843,344 in FY2025. Revenue increased in 6 and decreased in 2 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 9 reported years (FY2017, FY2018, FY2019, FY2020, FY2021, FY2022).
- Net assets declined from -$17,679,499 to -$37,707,890 between FY2017 and FY2025.
- Contributions and grants made up 1% of revenue in FY2017 and 6% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
HERON'S KEY IS A LIFE PLAN RETIREMENT COMMUNITY.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Mira Bella — Seattle, WA · $36,770,855
- Archdiocesan Housing Authority — Seattle, WA · $66,590,868
- Plymouth Housing Group — Seattle, WA · $69,549,478
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.