Phs Oakdale Inc
- Assets
- $7.6m
- Revenue
- $2.0m
- Investments
- $935.7k
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 07/1996
- Data as of
- 09/2023
- EIN
- 41-1832098
Organization Overview
Phs Oakdale Inc is located in Roseville, MN. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phs Oakdale 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, Phs Oakdale Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 0.7% 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 IS LOCATED IN OAKDALE, MINNESOTA AND CONSISTS OF A 100 INDEPENDENT SENIOR LIVING APARTMENTS.
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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 |
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 | $865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865 |
| Total Program Service Revenue | $1,873,795 |
| Investment income | $53,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,523 |
| 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 | $1,951,401 |
| 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 | $175,104 |
| Pension plan accruals and contributions | $5,688 |
| Other employee benefits | -$449 |
| Payroll taxes | $12,626 |
| Fees for services: Management | $99,281 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,068 |
| Advertising and promotion | $1,285 |
| Office expenses | $17,259 |
| Information technology | $25,768 |
| Royalties | $0 |
| Occupancy | $354,291 |
| Travel | $2,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $293,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,568 |
| Insurance | $53,164 |
| All other expenses | $0 |
| Total functional expenses | $1,547,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,584,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,248 |
| 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 | $68,600 |
| Net Land, buildings, and equipment | $2,922,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $935,666 |
| Investments—program-related | $0 |
| Intangible assets | $91,701 |
| Other assets | $0 |
| Total assets | $7,611,321 |
| Accounts payable and accrued expenses | $227,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,767,587 |
| 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 | $189,635 |
| Total liabilities | $6,184,775 |
| Net assets without donor restrictions | $1,426,546 |
| 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 | $7,611,321 |