Presbyterian Homes Foundation
- Assets
- $81.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 10/1988
- Data as of
- 09/2023
- EIN
- 41-1465334
Organization Overview
Presbyterian Homes Foundation is located in Roseville, MN. The organization was established in 1988. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Foundation 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 Foundation generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $7.4m during the year ending 09/2023. While expenses have increased by 5.0% 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 Foundation has awarded 372 individual grants totaling $50,361,825. 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
THE FOUNDATION IS FORMED TO AID, SUPPORT, AND PROMOTE THE 501(C)(3) PURPOSES OF THE PRESBYTERIAN HOMES AND ITS AFFILIATES. SPECIFICALLY, THE FOUNDATION PROVIDED $5,840,099 IN AWARDS TO AFFILIATED ORGANIZATIONS DURING THE YEAR ENDED SEPTEMBER 30, 2023. THESE AWARDS ARE USED TO PROVIDE HOUSING AND OTHER CARE SERVICES TO THE ELDERLY IN ACCORDANCE WITH THE EXEMPT PURPOSES OF THE RECIPIENT CHARITABLE AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lindh CEO & Board Chair | OfficerTrustee | 1 | $0 |
Mark Meyer CFO & Secretary/treasurer | OfficerTrustee | 1 | $0 |
Duane Larson SVP Operations & Vice Chair Thru 12/2022 | OfficerTrustee | 1 | $0 |
Mark Pederson SVP Operations & Vice Chair | OfficerTrustee | 1 | $0 |
Jonathan Fletcher VP Of Development | Officer | 1 | $0 |
Teresa Larson SVP Human Resources | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fees | 9/29/23 | $1,470,746 |
Green Oasis Landscaping Services | 9/29/23 | $172,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,005,449 |
| Noncash contributions included in lines 1a–1f | $128,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,005,449 |
| Total Program Service Revenue | $0 |
| Investment income | $6,092,252 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,097,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,778,735 |
| Grants and other assistance to domestic individuals. | $61,364 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,470,746 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $34,264 |
| Total functional expenses | $7,353,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,080,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $75,965,270 |
| Investments—other securities | $0 |
| Investments—program-related | $2,324,000 |
| Intangible assets | $0 |
| Other assets | $1,169,800 |
| Total assets | $81,539,619 |
| Accounts payable and accrued expenses | $520,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $15,920,924 |
| Total liabilities | $16,441,686 |
| Net assets without donor restrictions | $4,073,922 |
| Net assets with donor restrictions | $61,024,011 |
| 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 | $81,539,619 |
Grants Awarded
Over the last fiscal year, Presbyterian Homes Foundation has awarded $5,271,827 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
PRESBYTERIAN HOMES BLOOMINGTON CARE CENTER INC PURPOSE: FURTHER EXEMPT PURPOSE | $111,131 |
PRESBYTERIAN HOMES OF ARDEN HILLS INC PURPOSE: FURTHER EXEMPT PURPOSE | $515,534 |
VALLEY SENIOR SERVICE ALLIANCE PURPOSE: FURTHER EXEMPT PURPOSE | $1,377,858 |
CASTLE RIDGE CARE CENTER INC PURPOSE: FURTHER EXEMPT PURPOSE | $93,652 |
PRESBYTERIAN HOMES OF NORTH OAKS INC PURPOSE: FURTHER EXEMPT PURPOSE | $139,160 |
PRESBYTERIAN HOMES CARE CENTERS INC PURPOSE: FURTHER EXEMPT PURPOSE | $9,000 |