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← PRESBYTERIAN HOMES AND SERVICES

Form 990 for tax year 2024

Filed by PRESBYTERIAN HOMES AND SERVICES.

Totals

Total revenue
$39,422,542
Total expenses
$37,414,155
Contributions and grants received
$1,062,005
Grants paid
$33,349
Program service revenue
$37,941,336
Investment income
$100,462
Other revenue
$318,739
Total assets, end of year
$72,620,707
Total liabilities, end of year
$38,039,249
Net assets or fund balances, end of year
$34,581,458
Program services expenses (Part IX)
$30,997,164
Management and general expenses
$6,416,991
Fundraising expenses
$0
Program service expenses (Part III)
$30,997,164

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,008,124

  • 1e · Government grants (contributions)

    $53,881

  • 2a · Program service revenue: HOMECARE/COMMUNITY SERVICES

    total $25,462,019 · related or exempt $25,462,019

  • 2b · Program service revenue: OPTAGE SENIOR DINING

    total $11,751,182 · related or exempt $11,751,182

  • 2c · Program service revenue: NURSE RECRUITMENT

    total $728,135 · related or exempt $728,135

  • 3 · Investment income

    total $100,462 · excluded $100,462

  • 6a · Gross rents

    real property $41,935

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $41,935

  • 6d · Net rental income or loss

    total $41,935 · excluded $41,935

  • 10a · Gross sales of inventory

    $190

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $190 · excluded $190

  • 11a · Other revenue: CULINARY INCOME

    total $135,788 · excluded $135,788

  • 11b · Other revenue: BEAUTY SHOP

    total $86,876 · excluded $86,876

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $28,357 · excluded $28,357

  • 11d · All other revenue

    total $25,593 · excluded $25,593

  • 11e · Other revenue, total

    $276,614

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,977 · program services $12,977

  • 2 · Grants to domestic individuals

    total $20,372 · program services $20,372

  • 7 · Other salaries and wages

    total $16,474,546 · program services $14,369,981 · management and general $2,104,565

  • 8 · Pension plan contributions

    total $335,051 · program services $276,552 · management and general $58,499

  • 9 · Other employee benefits

    total $1,786,695 · program services $1,584,510 · management and general $202,185

  • 10 · Payroll taxes

    total $1,242,480 · program services $1,089,437 · management and general $153,043

  • 11a · Fees: management

    total $1,708,190 · management and general $1,708,190

  • 11b · Fees: legal

    total $17,595 · management and general $17,595

  • 11c · Fees: accounting

    total $28,311 · management and general $28,311

  • 11g · Fees: other

    total $1,471,544 · program services $1,377,684 · management and general $93,860

  • 12 · Advertising and promotion

    total $132,837 · program services $21,135 · management and general $111,702

  • 13 · Office expenses

    total $351,270 · program services $162,432 · management and general $188,838

  • 14 · Information technology

    total $483,188 · management and general $483,188

  • 16 · Occupancy

    total $1,476,537 · program services $896,305 · management and general $580,232

  • 17 · Travel

    total $390,275 · program services $390,275

  • 19 · Conferences, conventions and meetings

    total $8,204 · program services $8,204

  • 20 · Interest

    total $1,365,219 · program services $1,365,219

  • 22 · Depreciation, depletion and amortization

    total $2,575,004 · program services $2,575,004

  • 23 · Insurance

    total $374,377 · management and general $374,377

  • 24a · Other expenses: FOOD

    total $5,830,364 · program services $5,830,364

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $507,175 · program services $507,175

  • 24c · Other expenses: BUILDING REPAIRS/MAINTE

    total $471,235 · program services $471,235

  • 24d · Other expenses: MISCELLANEOUS

    total $207,393 · program services $11,823 · management and general $195,570

  • 24e · All other expenses

    total $143,316 · program services $26,480 · management and general $116,836

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $20,536,361 · end of year $23,573,887

  • 4 · Accounts receivable

    beginning of year $3,374,099 · end of year $3,591,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,479,539 · end of year $1,742,368

  • 10a · Land, buildings and equipment: cost or other basis

    $60,728,774

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,626,535

  • 10c · Land, buildings and equipment, net

    beginning of year $41,973,215 · end of year $42,102,239

  • 15 · Other assets

    beginning of year $836,254 · end of year $1,610,485

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,842,616 · end of year $2,335,365

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,710,938

  • 21 · Escrow or custodial account liability

    beginning of year $259,615 · end of year $297,688

  • 23 · Secured mortgages and notes payable

    beginning of year $16,057,682 · end of year $30,557,051

  • 25 · Other liabilities

    beginning of year $2,019,417 · end of year $4,849,145

  • 27 · Net assets without donor restrictions

    beginning of year $32,309,200 · end of year $34,581,458

Mission and programs · 2024

Mission

THE MISSION OF PRESBYTERIAN HOMES & SERVICES, INC. IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Activities or mission (Part I)

TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

  • OPTAGE EXTENDS THE HIGH QUALITY CARE OF PRESBYTERIAN HOMES & SERVICES INTO THE HOMES OF OLDER ADULTS. OPTAGE SERVES CLIENTS BY PROVIDING COORDINATION OF CARE AND COMMUNICATION TO CONTRIBUTE TO THE HEALTH AND SAFETY OF OLDER ADULTS WHO WISH TO REMAIN IN THEIR HOMES.

    Expenses $8,777,426 · Grants $19,258 · Revenue $12,683,192

  • OPTAGE SENIOR DINING (OSD) CONSISTS OF HOME-DELIVERED MEALS AND CONGREGATE DINING. OSD HOME-DELIVERED MEALS ARE DESIGNED FOR OLDER ADULTS WHO ARE LOOKING TO SIMPLIFY THEIR MEAL PREPARATION AND STAY INDEPENDENT IN THEIR OWN HOMES. OSD SERVES OVER 5,200 MEALS PER MONTH IN CONGREGATE SETTING TO SENIORS AT 5 SITES IN RAMSEY, WASHINGTON, AND HENNEPIN COUNTIES IN MINNESOTA. OSD ALSO DELIVERS OVER 84,550 MEALS PER MONTH TO SENIORS IN THEIR HOMES.OSD ALSO SERVES THE KITCHENS OF PRESBYTERIAN HOMES AND SERVICES THROUGH THEIR COMMISSARY KITCHEN SERVICES PROGRAM.OPTAGE MEALS COOK CHILL SERVICES PROVIDE CENTRALLY PREPARED, FOOD-SAFE MEATS, SOUPS, SAUCES, AND GRAVIES TO 35 PHS COMMUNITIES, HELPING SITES IMPROVE CONSISTENCY, REDUCE ON-SITE LABOR DEMANDS, MAINTAIN QUALITY STANDARDS, AND STREAMLINE CULINARY OPERATIONS ACROSS THE PHS SYSTEM. PRODUCTS ARE PRODUCED IN THE COMMISSARY KITCHEN AND DISTRIBUTED THROUGH AN ESTABLISHED DELIVERY NETWORK THAT ALSO SUPPORTS COURIER SERVICES TO PHS COMMUNITIES. OPTAGE MEALS COOK CHILL PRODUCTS ARE A CORE COMPONENT OF THE OPTAGE MEALS SERVICE PORTFOLIO AND SUPPORT MULTIPLE SERVICE LINES INCLUDING PHS COMMUNITIES, HOME DELIVERED MEALS, AND CONGREGATE DINING.

    Expenses $8,856,298 · Grants $12,977 · Revenue $11,751,182

  • THE ORGANIZATION, OPERATES A 178 SENIOR APARTMENTS COMPLEX IN CLIVE, IOWA. THE FACILITY CONSISTS OF 116 INDEPENDENT LIVING APARTMENTS AND 62 ASSISTED LIVING APARTMENTS WITH 18 DESIGNATED FOR SPECIAL CARE NEEDS RELATED TO MEMORY ISSUES.

    Expenses $12,355,470 · Grants $1,114 · Revenue $12,778,827

  • AS A MEANS OF ADDRESSING THE SHORTAGE OF NURSES, INTERNATIONAL NURSE RECRUITMENT WAS FOUNDED TO ASSIST NURSES FROM THE PHILLIPINES TO COME TO THE UNITED STATES FOR EMPLOYMENT. PRESBYTERIAN HOMES AND SERVICES HAS PARTNERED TO MEET THE NEED FOR SENIOR LIVING OPTION.

    Expenses $1,007,970 · Revenue $728,135

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jay Coughlan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Bradley Hewitt

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • James Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Dickey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Hoekstra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Molly Lagermeier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura McKnight

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula Norbom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Odom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Rageth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Sommers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barb Stinnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Truszinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Lindh

    PRESIDENT/CEO(THRU FEB 2025)

    Total calculated
    $1,023,333
    From this org
    $0
    From related orgs
    $994,222
    Other
    $29,111
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $965,721 related
    Bonus
    $0
    Other
    $0 + $28,501 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $12,111 related
    Filer's total
    $0 + $1,023,333 related

  • Jonathan Fletcher

    PRESIDENT/CEO

    Total calculated
    $428,022
    From this org
    $0
    From related orgs
    $396,038
    Other
    $31,984
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,770 related
    Bonus
    $0
    Other
    $0 + $4,268 related
    Deferred
    $0 + $15,655 related
    Nontaxable benefits
    $0 + $16,329 related
    Filer's total
    $0 + $428,022 related

  • Mark Meyer

    TREASURER/CFO

    Total calculated
    $528,586
    From this org
    $0
    From related orgs
    $499,375
    Other
    $29,211
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $472,943 related
    Bonus
    $0
    Other
    $0 + $26,432 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $12,211 related
    Filer's total
    $0 + $528,586 related

  • Janna Severance

    SECRETARY/LEGAL COUNSEL

    Total calculated
    $321,668
    From this org
    $0
    From related orgs
    $307,817
    Other
    $13,851
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,176 related
    Bonus
    $0
    Other
    $0 + $25,641 related
    Deferred
    $0 + $10,578 related
    Nontaxable benefits
    $0 + $3,273 related
    Filer's total
    $0 + $321,668 related

  • Peter Gregory

    SECRETARY/LEGAL COUNSEL

    Total calculated
    $261,677
    From this org
    $0
    From related orgs
    $233,471
    Other
    $28,206
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,240 related
    Bonus
    $0
    Other
    $0 + $231 related
    Deferred
    $0 + $9,773 related
    Nontaxable benefits
    $0 + $18,433 related
    Filer's total
    $0 + $261,677 related

  • Rebecca Rauen

    VP HUMAN RESOURCES

    Total calculated
    $340,101
    From this org
    $0
    From related orgs
    $335,241
    Other
    $4,860
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,442 related
    Bonus
    $0
    Other
    $0 + $23,799 related
    Deferred
    $0 + $392 related
    Nontaxable benefits
    $0 + $4,468 related
    Filer's total
    $0 + $340,101 related

  • Mark Pederson

    VP SITE OPERATIONS

    Total calculated
    $324,938
    From this org
    $0
    From related orgs
    $299,277
    Other
    $25,661
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,934 related
    Bonus
    $0
    Other
    $0 + $1,343 related
    Deferred
    $0 + $13,450 related
    Nontaxable benefits
    $0 + $12,211 related
    Filer's total
    $0 + $324,938 related

  • Allison Bass

    CAMPUS ADMINISTRATOR

    Total calculated
    $144,115
    From this org
    $136,317
    From related orgs
    $0
    Other
    $7,798
    Hours/week
    40

  • James Chalmers

    DIRECTOR OF INTERNATIONAL RECRUITMENT

    Total calculated
    $145,338
    From this org
    $126,313
    From related orgs
    $0
    Other
    $19,025
    Hours/week
    40

  • Joely Wertz

    REHAB MANAGER

    Total calculated
    $119,044
    From this org
    $110,622
    From related orgs
    $0
    Other
    $8,422
    Hours/week
    40

  • Paul Rudebusch

    PHYSICAL THERAPIST

    Total calculated
    $132,674
    From this org
    $107,478
    From related orgs
    $0
    Other
    $25,196
    Hours/week
    40

  • Lindsey Ormon

    REGIONAL CARE MANAGER

    Total calculated
    $109,515
    From this org
    $105,307
    From related orgs
    $0
    Other
    $4,208
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CREATIVE SENIOR DINING LLC

    MEALS FOR SENIORS · MN · income $11,908,963 · assets $18,053,821

    Directly controlled by PRESBYTERIAN HOMES & SERVICES

  • INTERNATIONAL NURSE RECRUITMENT LLC

    NURSE RECRUITMENT · MN · income $731,911 · assets -$5,796,521

    Directly controlled by PRESBYTERIAN HOMES & SERVICES

  • PHS WALNUT RIDGE LLC

    SENIOR HOUSING · MN · income $14,006,190 · assets $45,915,921

    Directly controlled by PRESBYTERIAN HOMES & SERVICES

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WAYZATA BAY PLAZA RETAIL LLC

    C · RETAIL · MN

  • WAYZATA BAY WEST RETAIL LLC

    C · RETAIL · MN

  • WAYZATA BAY EAST RETAIL LLC

    C · RETAIL · MN

Provenance

Return type
form_990
Tax year
2024
Filed
6 August 2026
IRS schema version
2024v5.5
Source object
202632199349303518

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