Presbyterian Homes Housing And Assisted Living Inc
- Assets
- $329.0m
- Revenue
- $78.0m
- Investments
- $44.4m
- Employees
- 9,409
- Location
- Roseville, MN
- Founding
- 12/1983
- Data as of
- 09/2021
- EIN
- 41-1463801
Organization Overview
Presbyterian Homes Housing And Assisted Living Inc is located in Roseville, MN. The organization was established in 1983. 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. As of 09/2021, Presbyterian Homes Housing And Assisted Living Inc employed 9,409 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Housing And 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, Presbyterian Homes Housing And Assisted Living Inc generated $78.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $69.2m during the year ending 09/2021. While expenses have increased by 0.7% 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.
Since 2015, Presbyterian Homes Housing And Assisted Living Inc has awarded 37 individual grants totaling $83,230,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. OPERATES SEVERAL SENIOR HOUSING FACILITIES IN MINNESOTA AND IOWA. CAMPUS IN SPRING PARK, MN CONSISTS OF 111 BED SKILLED NURSING FACILITY, 52 TRADITIONAL ASSISTED LIVING APARTMENTS, 18 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 165 INDEPENDENT SENIOR LIVING APARTMENTS, AND 125 MULTIFAMILY EMPLOYEE HOUSING APARTMENTS. CAMPUS IN LITTLE CANADA, MN CONSISTING OF 93 INDPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN PLYMOUTH, MN CONSISTING OF 24 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 28 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 68 INDEPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN BURNSVILLE, MN WITH 40 BED ASSISTED LIVING FACILITY AND 20 MEMORY CARE SPECIFIC ASSISTED LIVING APARMTENTS. A CAMPUS IN ST. PAUL, MN CONSISTING OF 197 INDEPENDENT SENIOR LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lindh CEO | OfficerTrustee | 39 | $907,103 |
Mark Meyer CFO | OfficerTrustee | 39 | $442,068 |
Michael Bingham VP Optage | 39 | $346,096 | |
Jonathan Flectcher VP Development | Officer | 39 | $329,215 |
Teresa Larson VP Human Resources | Officer | 39 | $324,499 |
Duane Larson VP Site Operations | OfficerTrustee | 39 | $315,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryan Llc Construction | 9/29/21 | $1,457,296 |
Rayco Construction Construction | 9/29/21 | $433,375 |
Pointclickcare Technologies Software Subscription | 9/29/21 | $644,097 |
Ceridian Payroll Software | 9/29/21 | $1,363,737 |
Larson Building Inc Construction | 9/29/21 | $478,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,187,537 |
| Government grants | $1,000,592 |
| 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 | $6,188,129 |
| Total Program Service Revenue | $62,670,581 |
| Investment income | $8,824,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $405,773 |
| Net Gain/Loss on Asset Sales | -$1,685,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,364 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,981,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,271,394 |
| Grants and other assistance to domestic individuals. | $19,528 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,426,202 |
| Compensation of current officers, directors, key employees. | $2,426,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,145,091 |
| Pension plan accruals and contributions | $1,014,661 |
| Other employee benefits | $3,352,867 |
| Payroll taxes | $2,023,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,656 |
| Fees for services: Accounting | $136,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,146,816 |
| Advertising and promotion | $270,271 |
| Office expenses | $621,756 |
| Information technology | $967,872 |
| Royalties | $0 |
| Occupancy | $2,989,101 |
| Travel | $230,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,310 |
| Interest | $2,019,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,596,692 |
| Insurance | -$314,841 |
| All other expenses | $701,621 |
| Total functional expenses | $69,198,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,129,366 |
| 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 | $333,443 |
| Net Land, buildings, and equipment | $57,331,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,382,996 |
| Investments—program-related | $32,963,234 |
| Intangible assets | $0 |
| Other assets | $184,823,355 |
| Total assets | $328,963,538 |
| Accounts payable and accrued expenses | $6,506,429 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,632,556 |
| Escrow or custodial account liability | $7,759,242 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,103,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,229,145 |
| Total liabilities | $249,230,855 |
| Net assets without donor restrictions | $77,732,683 |
| Net assets with donor restrictions | $2,000,000 |
| 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 | $328,963,538 |
Grants Awarded
Over the last fiscal year, Presbyterian Homes Housing And Assisted Living Inc has awarded $10,271,394 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Roseville, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,250,000 |
Roseville, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,300,000 |
WAYZATA BAY PLAZA RETAIL LLC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,000,000 |
PHS WALNUT RIDGE LLC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $775,000 |
Roseville, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $646,394 |
Roseville, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presbyterian Homes Housing And Assisted Living Inc has recieved totaling $1,180,000.
| Awarding Organization | Amount |
|---|---|
Presbyterian Homes Foundation Roseville, MN PURPOSE: FURTHER EXEMPT PURPOSE | $1,180,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
American Baptist Homes Of The Midwest Eden Prairie, MN | $108,679,922 | $74,595,606 |
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN | $328,963,538 | $77,981,814 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Sanford-Good Samaritan Community Health Services Llc Sioux Falls, SD | $42,246,559 | $49,986,329 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Saint Johns Communities Inc Milwaukee, WI | $267,147,546 | $26,978,103 |
Presbyterian Homes Of Arden Hills Inc Roseville, MN | $68,220,110 | $29,055,542 |