Phw Oconomowoc Inc
- Assets
- $47.9m
- Revenue
- $7.8m
- Investments
- $4.4m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 06/2018
- Data as of
- 09/2023
- EIN
- 82-5492636
Organization Overview
Phw Oconomowoc Inc is located in Roseville, MN. The organization was established in 2018. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phw Oconomowoc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PHW OCONOMOWOC, INC. 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
PHW OCONOMOWOC, INC. LOCATED IN WAUKESHA, WISCONSIN. THE CAMPUS CONSISTS OF 120 INDEPENDENT LIVING APARTMENTS, 20 ASSISTED LIVING APARTMENTS AND 18 ASSISTED LIVING APARTMENTS DESIGNATED FOR MEMORY CARE SPECIFIC RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh President/ceo | OfficerTrustee | 1 | $0 |
Mark Meyer Treasurer/cfo | Officer | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Duane Larson VP Operations | 1 | $0 | |
Mark Pederson VP Operations | 1 | $0 | |
Teresa Larson SVP Employee Experience | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/23 | $389,033 |
Vjs Construction Services Inc Construction Services | 9/29/23 | $203,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,983 |
| Government grants | $0 |
| 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 | $4,983 |
| Total Program Service Revenue | $7,512,274 |
| Investment income | $54,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,587 |
| 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 | $6 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,770,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72 |
| 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 | $2,165,461 |
| Pension plan accruals and contributions | $19,211 |
| Other employee benefits | $264,173 |
| Payroll taxes | $155,631 |
| Fees for services: Management | $389,033 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $8,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,768 |
| Advertising and promotion | $11,592 |
| Office expenses | $98,854 |
| Information technology | $70,251 |
| Royalties | $0 |
| Occupancy | $472,260 |
| Travel | $9,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,776 |
| Interest | $2,314,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,542,799 |
| Insurance | $116,557 |
| All other expenses | $0 |
| Total functional expenses | $8,120,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,570,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,005 |
| 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 | $9,448 |
| Net Land, buildings, and equipment | $41,072,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,373,416 |
| Investments—program-related | $0 |
| Intangible assets | $799,403 |
| Other assets | $0 |
| Total assets | $47,857,793 |
| Accounts payable and accrued expenses | $1,794,929 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $44,694,482 |
| 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 | $6,110,950 |
| Total liabilities | $52,600,361 |
| Net assets without donor restrictions | -$4,742,568 |
| 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 | $47,857,793 |