Presbyterian Homes Housing And Assisted Living Inc
- Assets
- $474.3m
- Revenue
- $90.9m
- Investments
- $34.9m
- Employees
- 12,034
- Location
- Roseville, MN
- Founding
- 12/1983
- Data as of
- 09/2023
- EIN
- 41-1463801
Organization Overview
Presbyterian Homes Housing And Assisted Living Inc is located in Roseville, MN. The organization was established in 1983. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Presbyterian Homes Housing And Assisted Living Inc employed 12,034 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Housing And Assisted Living 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, Presbyterian Homes Housing And Assisted Living Inc generated $90.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $90.5m during the year ending 09/2023. While expenses have increased by 4.0% 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.
Since 2015, Presbyterian Homes Housing And Assisted Living Inc has awarded 63 individual grants totaling $110,389,424. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. OPERATES SEVERAL SENIOR HOUSING FACILITIES IN MINNESOTA AND IOWA. CAMPUS IN SPRING PARK, MN CONSISTS OF 60 BED SKILLED NURSING FACILITY, 52 TRADITIONAL ASSISTED LIVING APARTMENTS, 18 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 166 INDEPENDENT SENIOR LIVING APARTMENTS, AND 125 MULTIFAMILY EMPLOYEE HOUSING APARTMENTS. CAMPUS IN LITTLE CANADA, MN CONSISTING OF 93 INDPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN PLYMOUTH, MN CONSISTING OF 24 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 28 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 68 INDEPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN BURNSVILLE, MN WITH 40 BED ASSISTED LIVING FACILITY AND 20 MEMORY CARE SPECIFIC ASSISTED LIVING APARMTENTS. A CAMPUS IN ST. PAUL, MN CONSISTING OF 197 INDEPENDENT SENIOR LIVING APARTMENTS. PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. ADDED THREE NEW CAMPUSES IN FISCAL YEAR ENDING SEPTEMBER 30, 2022. A CAMPUS IN ST. PAUL, MN CONSITING OF 16 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 61 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 73 INDEPENDENT SENIOR LIVING APARTMENTS. A SECOND CAMPUS IN SHOREWOOD, MN CONSITING OF 25 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 26 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 54 INDEPENDENT SENIOR LIVING APARTMENTS. LASTLY, A THIRD CAMPUS IN WHITE BEAR LAKE, MN CONSISTING OF 30 MEMORY CARE SPECIFIC APARTMENTS AND 82 MIXED TRADITIONAL ASSISTED LIVING AND INDEPENDENT SENIOR LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lindh CEO | OfficerTrustee | 39 | $836,839 |
Mark Meyer CFO | OfficerTrustee | 39 | $449,215 |
Duane Larson Thru 12312022 VP Site Operations | OfficerTrustee | 39 | $329,917 |
Mark Pederson VP Site Operations (as Of 1.1.23) | OfficerTrustee | 39 | $189,597 |
Jonathan Fletcher VP Development | Officer | 39 | $358,151 |
Teresa Larson VP Human Resources | Officer | 39 | $153,546 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ceridian Hcm Inc Payroll Software | 9/29/23 | $1,203,676 |
Ryan Companies Inc Construction Services | 9/29/23 | $784,708 |
Pointclickcare Technologies Software Subscription | 9/29/23 | $638,305 |
Jtr Roofing Inc Construction Management | 9/29/23 | $511,634 |
Zellner Sr Health Consulting Staffing Services | 9/29/23 | $467,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,627,039 |
| Government grants | $246,524 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,880,618 |
| Total Program Service Revenue | $79,295,547 |
| Investment income | $7,600,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $188,775 |
| Net Gain/Loss on Asset Sales | $21,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,883,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,125,563 |
| Grants and other assistance to domestic individuals. | $34,279 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,804,537 |
| Compensation of current officers, directors, key employees. | $3,804,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,068,601 |
| Pension plan accruals and contributions | $1,711,634 |
| Other employee benefits | $5,728,440 |
| Payroll taxes | $3,203,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,705 |
| Fees for services: Accounting | $144,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,285,502 |
| Advertising and promotion | $429,988 |
| Office expenses | $199,741 |
| Information technology | $1,193,399 |
| Royalties | $0 |
| Occupancy | $5,723,627 |
| Travel | $636,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,024 |
| Interest | $4,239,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,566,254 |
| Insurance | $892,862 |
| All other expenses | $2,479,376 |
| Total functional expenses | $90,547,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,273,142 |
| 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 | $291,364 |
| Net Land, buildings, and equipment | $145,383,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,866,718 |
| Investments—program-related | $39,224,267 |
| Intangible assets | $0 |
| Other assets | $241,256,870 |
| Total assets | $474,295,790 |
| Accounts payable and accrued expenses | $23,470,166 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,683,161 |
| Escrow or custodial account liability | $10,128,349 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $105,678,870 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $245,130,575 |
| Total liabilities | $401,091,121 |
| Net assets without donor restrictions | $71,204,669 |
| Net assets with donor restrictions | $2,000,000 |
| 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 | $474,295,790 |
Grants Awarded
Over the last fiscal year, Presbyterian Homes Housing And Assisted Living Inc has awarded $9,125,563 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PHS INTERLUDE FRIDLEY LLC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $450,563 |
CASTLE RIDGE CARE CENTER INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $500,000 |
PHS COTTAGE GROVE INC PURPOSE: TO SUPPORT GENERAL OPERTIONS | $375,000 |
PHS COUNCIL BLUFFS INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $3,700,000 |
PHS MARANATHA INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $775,000 |
PHMNEW RICHMOND SENIOR HOUSING INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $100,000 |