Phm Woodbury Inc
- Assets
- $26.4m
- Revenue
- $8.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 06/1999
- Data as of
- 09/2023
- EIN
- 31-1630828
Organization Overview
Phm Woodbury Inc is located in Roseville, MN. The organization was established in 1999. 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. Phm Woodbury 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, Phm Woodbury Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $7.3m during the year ending 09/2023. While expenses have increased by 2.9% 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 OPERATES AN 87 UNIT SENIOR APARTMENT COMPLEX, 59 ASSISTED LIVING UNITS AND 18 MEMORY CARE UNITS IN WOODBURY, MINNESOTA.
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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 VP Affiliate Bd | Trustee | 1 | $0 |
Mark Pederson SVP Operations | Trustee | 1 | $0 |
Teresa Larson SVP Human Resources | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/23 | $412,531 |
Senior Lifestyle Design Design Services | 9/29/23 | $106,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $74,672 |
| 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 | $74,672 |
| Total Program Service Revenue | $7,889,676 |
| Investment income | $2,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,395 |
| 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 | $873 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,098,871 |
| 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 | $2,792,877 |
| Pension plan accruals and contributions | $37,356 |
| Other employee benefits | $316,981 |
| Payroll taxes | $209,290 |
| Fees for services: Management | $412,531 |
| 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 | $176,476 |
| Advertising and promotion | $12,552 |
| Office expenses | $90,532 |
| Information technology | $71,922 |
| Royalties | $0 |
| Occupancy | $696,506 |
| Travel | $8,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,085 |
| Interest | $720,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778,526 |
| Insurance | $109,206 |
| All other expenses | $0 |
| Total functional expenses | $7,252,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,993,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,989 |
| 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 | $9,013 |
| Net Land, buildings, and equipment | $14,703,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,166,702 |
| Investments—program-related | $0 |
| Intangible assets | $367,964 |
| Other assets | $0 |
| Total assets | $26,356,219 |
| Accounts payable and accrued expenses | $1,571,780 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,611,281 |
| 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 | $674,572 |
| Total liabilities | $15,857,633 |
| Net assets without donor restrictions | $10,498,586 |
| 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 | $26,356,219 |