Phm Woodbury Inc is located in Roseville, MN. The organization was established in 1999. 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. Phm Woodbury 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 09/2021, Phm Woodbury Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $6.5m during the year ending 09/2021. While expenses have increased by 2.0% per year over the past 6 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
2021
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 AN 87 UNIT SENIOR APARTMENT COMPLEX, 59 ASSISTED LIVING UNITS AND 18 MEMORY CARE UNITS IN WOODBURY, MINNESOTA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Meyer Sec/treas/cfo | OfficerTrustee | 1 | $0 |
Dan Lindh Board Chair/ceo | OfficerTrustee | 1 | $0 |
Duane Larson SVP Operations | Trustee | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Teresa Larson SVP Human Resources | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $50,000 |
Government grants | $773,264 |
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 | $823,264 |
Total Program Service Revenue | $6,896,765 |
Investment income | $1,677 |
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 | -$220 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,871,801 |
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 | $2,225,385 |
Pension plan accruals and contributions | $38,570 |
Other employee benefits | $325,430 |
Payroll taxes | $159,729 |
Fees for services: Management | $351,238 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $128,256 |
Advertising and promotion | $3,675 |
Office expenses | $95,480 |
Information technology | $68,658 |
Royalties | $0 |
Occupancy | $573,996 |
Travel | $4,624 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25 |
Interest | $794,565 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $971,396 |
Insurance | $86,599 |
All other expenses | $0 |
Total functional expenses | $6,476,306 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $12,158,737 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $92,022 |
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 | $7,449 |
Net Land, buildings, and equipment | $10,384,747 |
Investments—publicly traded securities | $0 |
Investments—other securities | $999,880 |
Investments—program-related | $0 |
Intangible assets | $421,485 |
Other assets | $835,502 |
Total assets | $24,899,822 |
Accounts payable and accrued expenses | $808,988 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $15,179,087 |
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 | $15,988,075 |
Net assets without donor restrictions | $8,911,747 |
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 | $24,899,822 |
Over the last fiscal year, we have identified 1 grants that Phm Woodbury Inc has recieved totaling $50,000.
Awarding Organization | Amount |
---|---|
Presbyterian Homes Foundation Roseville, MN PURPOSE: FURTHER EXEMPT PURPOSE | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Walker Senior Services Inc Minnetonka, MN | $9,398,482 | $5,933,474 |
Living Community Of St Joseph Minneapolis, MN | $23,852,740 | $12,020,800 |