Phs Beacon Hill Inc
- Assets
- $17.1m
- Revenue
- $5.0m
- Investments
- $1.8m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 07/2002
- Data as of
- 09/2023
- EIN
- 30-0093682
Organization Overview
Phs Beacon Hill Inc is located in Roseville, MN. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phs Beacon Hill Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Phs Beacon Hill Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.5m during the year ending 09/2023. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS LOCATED IN MINNETONKA, MINNESOTA. THE CAMPUS CONSISTS OF 42 ASSISTED LIVING APARTMENTS AND 110 INDEPENDENT SENIOR APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh Board Chair/ceo | OfficerTrustee | 1 | $0 |
Mark Meyer Sec/treas/cfo | OfficerTrustee | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Duane Larson Brd Vice Chair | Trustee | 1 | $0 |
Mark Pederson Brd Vice Chair | Trustee | 1 | $0 |
Teresa Larson SVP Employee Experience | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/22 | $222,046 |
Larson Building Inc Construction | 9/29/22 | $1,830,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,702 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,702 |
| Total Program Service Revenue | $4,769,875 |
| Investment income | $64,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,148 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $506 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,996,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,489,753 |
| Pension plan accruals and contributions | $33,209 |
| Other employee benefits | $177,999 |
| Payroll taxes | $108,520 |
| Fees for services: Management | $261,059 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,234 |
| Advertising and promotion | $15,081 |
| Office expenses | $60,690 |
| Information technology | $61,117 |
| Royalties | $0 |
| Occupancy | $539,699 |
| Travel | $7,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $935 |
| Interest | $359,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $656,532 |
| Insurance | $84,229 |
| All other expenses | $0 |
| Total functional expenses | $4,528,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,729,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,087 |
| Net Land, buildings, and equipment | $8,393,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,787,781 |
| Investments—program-related | $0 |
| Intangible assets | $61,381 |
| Other assets | $0 |
| Total assets | $17,078,953 |
| Accounts payable and accrued expenses | $396,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,310,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,731 |
| Total liabilities | $6,818,638 |
| Net assets without donor restrictions | $10,260,315 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,078,953 |