Presbyterian Homes Bloomington Care Center Inc is located in Roseville, MN. The organization was established in 1998. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Bloomington Care Center 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 Bloomington Care Center Inc generated $24.3m 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 $24.0m during the year ending 09/2021. While expenses have increased by 2.3% 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 BLOOMINGTON, MINNESOTA AND OPERATES A 98 BED SKILLED NURSING FACILITY, AN 86 UNIT ASSISTED LIVING FACILITY, AN 18 UNIT MEMORY CARE SPECIFIC ASSISTED LIVING FACILITY, AND A 101 UNIT INDEPENDENT LIVING FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Sullivan Administrator | 40 | $131,046 | |
Duane Larson SVP Operations | OfficerTrustee | 1 | $0 |
Mark Meyer Sec/treas/cfo | OfficerTrustee | 1 | $0 |
Dan Lindh Board Chair/ceo | OfficerTrustee | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Teresa Larson SVP Human Resources | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Phs Management Llc Management Fee | 9/29/21 | $892,628 |
Aci Asphalt & Concrete Inc Parking Lot | 9/29/21 | $118,471 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $14,090 |
Government grants | $765,684 |
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 | $779,774 |
Total Program Service Revenue | $22,966,643 |
Investment income | $118,878 |
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 | $7,277 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,286,578 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $33,139 |
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 | $11,833,340 |
Pension plan accruals and contributions | $267,527 |
Other employee benefits | $1,463,661 |
Payroll taxes | $871,721 |
Fees for services: Management | $892,628 |
Fees for services: Legal | $6,126 |
Fees for services: Accounting | $8,070 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $409,146 |
Advertising and promotion | $23,856 |
Office expenses | $73,422 |
Information technology | $264,683 |
Royalties | $0 |
Occupancy | $1,130,589 |
Travel | $10,585 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $328 |
Interest | $1,418,118 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,975,015 |
Insurance | $221,217 |
All other expenses | $0 |
Total functional expenses | $23,972,418 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $12,405,142 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,249,476 |
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 | $34,117 |
Net Land, buildings, and equipment | $31,046,865 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,585,843 |
Investments—program-related | $0 |
Intangible assets | $484,338 |
Other assets | $11,781 |
Total assets | $48,817,562 |
Accounts payable and accrued expenses | $2,248,505 |
Grants payable | $0 |
Deferred revenue | $89,924 |
Tax-exempt bond liabilities | $28,152,647 |
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 | $2,473,333 |
Total liabilities | $32,964,409 |
Net assets without donor restrictions | $15,853,153 |
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 | $48,817,562 |
Over the last fiscal year, we have identified 1 grants that Presbyterian Homes Bloomington Care Center Inc has recieved totaling $64,090.
Awarding Organization | Amount |
---|---|
Presbyterian Homes Foundation Roseville, MN PURPOSE: FURTHER EXEMPT PURPOSE | $64,090 |
Organization Name | Assets | Revenue |
---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |