Psa Housing & Assisted Living Inc
- Assets
- $13.1m
- Revenue
- $5.3m
- Investments
- $1.6m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 09/1999
- Data as of
- 09/2021
- EIN
- 31-1644493
Organization Overview
Psa Housing & Assisted Living Inc is located in Roseville, MN. The organization was established in 1999. 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. Psa Housing & Assisted Living 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, Psa Housing & Assisted Living Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.2m during the year ending 09/2021. While expenses have increased by 2.6% 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 IS LOCATED IN MAHTOMEDI, MINNESOTA. IT CONSISTS OF 25 APARTMENTS THAT ARE MEMORY CARE ASSISTED LIVING AND 44 TRADITIONAL ASSISTED LIVING APARTMENTS. THE CAMPUS ALSO CONTAINS 70 INDEPENDENT SENIOR LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Anderson Board Member | Trustee | 1 | $0 |
Steve Domine Board Member | Trustee | 1 | $0 |
Susan Raper Board Member | Trustee | 1 | $0 |
Pastor Mike Carlson Board Member | Trustee | 1 | $0 |
William Hibbard Board Member | Trustee | 1 | $0 |
Mark Meyer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/20 | $235,516 |
New Century Systems Hvac | 9/29/20 | $160,604 |
Jtr Roofing Inc Contractor | 9/29/20 | $344,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,314 |
| Government grants | $331,537 |
| 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 | $332,851 |
| Total Program Service Revenue | $4,572,693 |
| Investment income | $45,069 |
| 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 | $7,333 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,257,194 |
| 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 | $1,074,419 |
| Pension plan accruals and contributions | $26,538 |
| Other employee benefits | $188,183 |
| Payroll taxes | $78,744 |
| Fees for services: Management | $245,060 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,329 |
| Advertising and promotion | $2,541 |
| Office expenses | $61,823 |
| Information technology | $52,030 |
| Royalties | $0 |
| Occupancy | $535,615 |
| Travel | $1,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $387,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $837,187 |
| Insurance | $65,414 |
| All other expenses | $0 |
| Total functional expenses | $4,239,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,895,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,139 |
| 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 | $5,625 |
| Net Land, buildings, and equipment | $8,389,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,551,635 |
| Investments—program-related | $0 |
| Intangible assets | $275,346 |
| Other assets | $0 |
| Total assets | $13,141,224 |
| Accounts payable and accrued expenses | $686,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,751,614 |
| Escrow or custodial account liability | $218,890 |
| 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 | $47,431 |
| Total liabilities | $14,704,157 |
| Net assets without donor restrictions | -$1,562,933 |
| 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 | $13,141,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |