Phw Germantown Inc
- Assets
- $42.2m
- Revenue
- $5.9m
- Investments
- $2.8m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 04/2016
- Data as of
- 09/2021
- EIN
- 81-1502691
Organization Overview
Phw Germantown Inc is located in Roseville, MN. The organization was established in 2016. 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 Germantown 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
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:
Part 3 - Line 4a
THE ORGANIZATION OPENED JUNE 2018, 92 INDEPENDENT LIVING APARTMENTS, 42 ASSISTED LIVING AND 18 ASSISTED MEMORY CARE APARTMENTS LOCATED IN GERMANTOWN, WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh CEO | OfficerTrustee | 1 | $0 |
Mark Meyer CFO | Officer | 1 | $0 |
Christian Boyd Bd Mbr To 12/20 | Trustee | 1 | $0 |
Martha Brown Board Member | Trustee | 1 | $0 |
Dean Muller Board Member | Trustee | 1 | $0 |
Keith Pierce Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/19 | $137,402 |
Senior Housing Partners Marketing | 9/29/19 | $139,093 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $825,470 |
| Government grants | $50,818 |
| 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 | $876,288 |
| Total Program Service Revenue | $4,915,870 |
| Investment income | $49,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,793 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,936,747 |
| 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 | $1,537,129 |
| Pension plan accruals and contributions | $12,435 |
| Other employee benefits | $162,802 |
| Payroll taxes | $124,937 |
| Fees for services: Management | $256,399 |
| Fees for services: Legal | $996 |
| 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 | $161,004 |
| Advertising and promotion | $48,141 |
| Office expenses | $73,802 |
| Information technology | $53,433 |
| Royalties | $0 |
| Occupancy | $435,441 |
| Travel | $2,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,017 |
| Interest | $1,722,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,369,263 |
| Insurance | $84,237 |
| All other expenses | $0 |
| Total functional expenses | $6,377,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,582,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,172 |
| 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 | $7,252 |
| Net Land, buildings, and equipment | $36,846,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,753,138 |
| Investments—program-related | $0 |
| Intangible assets | $960,078 |
| Other assets | $0 |
| Total assets | $42,198,194 |
| Accounts payable and accrued expenses | $887,450 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $37,865,000 |
| 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 | $7,458,022 |
| Total liabilities | $46,210,472 |
| Net assets without donor restrictions | -$4,012,278 |
| 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 | $42,198,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phw Germantown Inc has recieved totaling $1,300,000.
| Awarding Organization | Amount |
|---|---|
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,300,000 |
View Grant Recipient Profile
Peer Organizations
| 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 |