Presbyterian Home Care Centers Inc is located in Roseville, MN. The organization was established in 1988. 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 Home Care Centers 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 Home Care Centers Inc generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $7.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. 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 A 50 BED TRANSITIONAL CARE SKILLED NURSING FACILITY IN ROSEVILLE, MINNESOTA.
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 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Phs Management Llc Management Fees | 9/29/23 | $230,038 |
Zellner Sr Health Consulting Nurse Management | 9/29/23 | $265,039 |
Grapetree Medical Staffing Nurse Staffing | 9/29/23 | $235,152 |
Healthcare Services Group Staffing Services | 9/29/23 | $178,311 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $859,000 |
Government grants | $212,913 |
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 | $1,071,913 |
Total Program Service Revenue | $6,513,782 |
Investment income | $61,064 |
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 | $250 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,659,189 |
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 | $4,435 |
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 | $3,435,799 |
Pension plan accruals and contributions | $69,126 |
Other employee benefits | $312,559 |
Payroll taxes | $261,238 |
Fees for services: Management | $230,038 |
Fees for services: Legal | $7,018 |
Fees for services: Accounting | $8,275 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,008,723 |
Advertising and promotion | $16,018 |
Office expenses | $81,450 |
Information technology | $94,820 |
Royalties | $0 |
Occupancy | $151,017 |
Travel | $19,786 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $40 |
Interest | $509,618 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $631,851 |
Insurance | $52,077 |
All other expenses | $105,404 |
Total functional expenses | $7,897,130 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | -$588,163 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $898,759 |
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 | $7,212 |
Net Land, buildings, and equipment | $13,741,040 |
Investments—publicly traded securities | $0 |
Investments—other securities | $2,411,181 |
Investments—program-related | $0 |
Intangible assets | $263,443 |
Other assets | $2,154,151 |
Total assets | $18,887,623 |
Accounts payable and accrued expenses | $289,489 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $9,623,683 |
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 | $0 |
Total liabilities | $9,913,172 |
Net assets without donor restrictions | $8,974,451 |
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 | $18,887,623 |