Phi Group Return
- Assets
- $863.4m
- Revenue
- $241.9m
- Investments
- $5.2m
- Employees
- 3,314
- Location
- Dillsburg, PA
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 41-2273452
Organization Overview
Phi Group Return, operating under the name Presbyterian Senior Living, is located in Dillsburg, PA. The organization was established in 1991. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2023, Presbyterian Senior Living employed 3,314 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presbyterian Senior Living 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 12/2023, Presbyterian Senior Living generated $241.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $237.3m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
GUIDED BY THE LIFE AND TEACHINGS OF JESUS, THE MISSION OF PRESBYTERIAN SENIOR LIVING IS TO PROVIDE COMPASSIONATE, VIBRANT AND SUPPORTIVE COMMUNITIES AND SERVICES TO PROMOTE WHOLENESS OF BODY, MIND AND SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS WITHIN THE PHI GROUP FORM A NETWORK OF COMMUNITIES AND SERVICES THAT MEET THE DIVERSE NEEDS OF SENIORS IN PENNSYLVANIA, MARYLAND, DELAWARE AND SOUTHEASTERN OHIO. THE ORGANIZATIONS FOSTER AND SPONSOR LIVING FACILITIES TO PROVIDE HOUSING, AS WELL AS A FULL RANGE OF HEALTHCARE AND OTHER RELATED COMMUNITY SERVICES FOR THE ELDERLY. (9,760 RESIDENTS SERVED)
THE ORGANIZATIONS WITHIN THE PHI GROUP PROVIDE SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN THEIR ESTABLISHED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER PHI'S CHARITY CARE POLICY. BECAUSE THE ORGANIZATIONS DO NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. IN ADDITION, THE ORGANIZATIONS CONSIDER CONTRACTUAL ALLOWANCES BENEVOLENT CARE. (456 CLIENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Kelly Psl & Psl Hsg Mgmt & Pine Run Brd Mbr | Trustee | 4 | $0 |
Brenda Elliott Psl Board Member | Trustee | 4 | $0 |
Terry Goldstein Psl Brd Mbr; Phph Vice Chair | OfficerTrustee | 4 | $0 |
Joseph Kinard Psl Vice Chair & Pims Board Member | OfficerTrustee | 4 | $0 |
Stuart Paxton Psl & Pims Board Member | Trustee | 4 | $0 |
Susan Reimann Psl Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Construction Company Inc Construction | 12/30/23 | $12,806,839 |
Benchmark Therapies Inc Therapy | 12/30/23 | $8,697,603 |
Pj Dick Inc Construction | 12/30/23 | $2,696,117 |
Prelude Services It Support | 12/30/23 | $2,686,631 |
Us Foodservice Swedesboro Dining | 12/30/23 | $2,597,965 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,835 |
| Related organizations | $16,403 |
| Government grants | $1,223,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,131,853 |
| Noncash contributions included in lines 1a–1f | $10,594 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,487,655 |
| Total Program Service Revenue | $227,993,555 |
| Investment income | $4,882,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $627,104 |
| Net Gain/Loss on Asset Sales | $4,859,400 |
| Net Income from Fundraising Events | -$14,761 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,872,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,273 |
| 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. | $195,700 |
| Compensation of current officers, directors, key employees. | $195,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,049,440 |
| Pension plan accruals and contributions | $364,682 |
| Other employee benefits | $10,518,369 |
| Payroll taxes | $5,921,729 |
| Fees for services: Management | $18,732,187 |
| Fees for services: Legal | $5,373 |
| Fees for services: Accounting | $35,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $85,246 |
| Fees for services: Investment Management | $306,302 |
| Fees for services: Other | $27,372,848 |
| Advertising and promotion | $1,086 |
| Office expenses | $6,469,508 |
| Information technology | $3,526,269 |
| Royalties | $0 |
| Occupancy | $14,525,867 |
| Travel | $23,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,337 |
| Interest | $13,178,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,789,629 |
| Insurance | $8,724,553 |
| All other expenses | $0 |
| Total functional expenses | $237,288,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,888 |
| Savings and temporary cash investments | $16,025,294 |
| Pledges and grants receivable | $305,237 |
| Accounts receivable, net | $16,892,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $904,176 |
| Inventories for sale or use | $617,010 |
| Prepaid expenses and deferred charges | $3,647,789 |
| Net Land, buildings, and equipment | $497,852,176 |
| Investments—publicly traded securities | $149,856,470 |
| Investments—other securities | $5,186,877 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,086,476 |
| Total assets | $863,401,377 |
| Accounts payable and accrued expenses | $40,630,726 |
| Grants payable | $0 |
| Deferred revenue | $159,965,507 |
| Tax-exempt bond liabilities | $274,809,209 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $107,047,568 |
| Unsecured mortgages and notes payable | $2,608,801 |
| Other liabilities | $48,337,147 |
| Total liabilities | $633,398,958 |
| Net assets without donor restrictions | $201,153,689 |
| Net assets with donor restrictions | $28,848,730 |
| 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 | $863,401,377 |