Presbyterian Homes Mill Pond Inc
- Assets
- $39.8m
- Revenue
- $12.1m
- Investments
- $816.8k
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 10/2012
- Data as of
- 09/2021
- EIN
- 31-1581714
Organization Overview
Presbyterian Homes Mill Pond Inc is located in Roseville, MN. The organization was established in 2012. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Mill Pond 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 09/2021, Presbyterian Homes Mill Pond Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $12.0m during the year ending 09/2021. While expenses have increased by 9.8% per year over the past 6 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
2021
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
PRESBYTERIAN HOMES MILL POND CARE CENTER, INC. OPERATES A 60 BED SKILLED NURSING FACILITY, A 40 BED ASSISTED LIVING FACILITY, 18 ASSISTED LIVING MEMORY CARE SPECIFIC AND A 116 UNIT INDEPENDENT SENIOR HOUSING APARTMENT BUILDING IN ANKENY, IOWA.
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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 |
Duane Larson SVP Operations | Trustee | 1 | $0 |
Teresa Larson SVP Human Resources | 1 | $0 | |
Jonathan Fletcher VP Development | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/21 | $481,117 |
Cbs Staffing Llc Nursing Agency | 9/29/21 | $136,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,285 |
| Government grants | $733,342 |
| 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 | $749,627 |
| Total Program Service Revenue | $11,152,861 |
| Investment income | $31,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,116 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,130,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,360 |
| 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 | $4,677,649 |
| Pension plan accruals and contributions | $86,530 |
| Other employee benefits | $693,950 |
| Payroll taxes | $345,309 |
| Fees for services: Management | $481,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $371,797 |
| Advertising and promotion | $10,746 |
| Office expenses | $166,348 |
| Information technology | $140,265 |
| Royalties | $0 |
| Occupancy | $660,502 |
| Travel | $9,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,370 |
| Interest | $1,200,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,880,488 |
| Insurance | $120,613 |
| All other expenses | $0 |
| Total functional expenses | $12,007,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,664,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,773 |
| 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 | $11,808 |
| Net Land, buildings, and equipment | $34,461,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $816,829 |
| Investments—program-related | $0 |
| Intangible assets | $492,952 |
| Other assets | $0 |
| Total assets | $39,821,819 |
| Accounts payable and accrued expenses | $1,272,887 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $31,669,036 |
| 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 | $4,278,790 |
| Total liabilities | $37,220,713 |
| Net assets without donor restrictions | $2,601,106 |
| 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 | $39,821,819 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presbyterian Homes Mill Pond Inc has recieved totaling $16,285.
| Awarding Organization | Amount |
|---|---|
Presbyterian Homes Foundation Roseville, MN PURPOSE: FURTHER EXEMPT PURPOSE | $16,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |