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← PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC

Form 990 for tax year 2023

Filed by PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC.

Totals

Total revenue
$95,587,991
Total expenses
$87,700,058
Contributions and grants received
$2,275,601
Grants paid
$6,208,384
Program service revenue
$82,449,369
Investment income
$8,711,432
Other revenue
$2,151,589
Total assets, end of year
$499,735,385
Total liabilities, end of year
$418,642,783
Net assets or fund balances, end of year
$81,092,602
Program services expenses (Part IX)
$74,356,149
Management and general expenses
$11,791,468
Fundraising expenses
$1,552,441
Program service expenses (Part III)
$74,356,149

Program services were 84.8% 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

    $1,583,783

  • 1e · Government grants (contributions)

    $691,818

  • 2a · Program service revenue: RESIDENT SERVICES

    total $48,608,939 · related or exempt $48,608,939

  • 2b · Program service revenue: MANAGEMENT

    total $26,679,621 · related or exempt $26,095,149 · unrelated business $584,472

  • 2c · Program service revenue: DESIGN & PROCUREMENT

    total $6,703,211 · related or exempt $5,864,028 · unrelated business $839,183

  • 2d · Program service revenue: RESEARCH

    total $457,598 · unrelated business $457,598

  • 3 · Investment income

    total $9,529,977 · excluded $9,529,977

  • 6a · Gross rents

    real property $1,147,211

  • 6b · Less rental expenses

    real property $928,431

  • 6c · Rental income or loss

    real property $218,780

  • 6d · Net rental income or loss

    total $218,780 · unrelated business $36,139 · excluded $182,641

  • 7a · Gross sales of assets other than inventory

    other assets $200,376

  • 7b · Less cost or other basis and sales expenses

    other assets $1,018,921

  • 7c · Gain or loss

    other assets -$818,545

  • 7d · Net gain or loss

    total -$818,545 · excluded -$818,545

  • 10a · Gross sales of inventory

    $89,071

  • 10b · Cost of goods sold

    $64,603

  • 10c · Net income from sales of inventory

    total $24,468 · excluded $24,468

  • 11a · Other revenue: CHILDCARE INCOME

    total $807,818 · excluded $807,818

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $660,519 · excluded $660,519

  • 11c · Other revenue: MEALS REVENUE

    total $440,004 · excluded $440,004

  • 11e · Other revenue, total

    $1,908,341

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,149,999 · program services $6,149,999

  • 2 · Grants to domestic individuals

    total $58,385 · program services $58,385

  • 5 · Compensation of officers, directors and key employees

    total $2,305,394 · program services $2,305,394

  • 7 · Other salaries and wages

    total $37,897,566 · program services $33,354,747 · management and general $3,431,630 · fundraising $1,111,189

  • 8 · Pension plan contributions

    total $1,811,523 · program services $1,368,836 · management and general $375,765 · fundraising $66,922

  • 9 · Other employee benefits

    total $4,785,597 · program services $3,451,837 · management and general $1,231,590 · fundraising $102,170

  • 10 · Payroll taxes

    total $3,427,125 · program services $2,521,937 · management and general $830,440 · fundraising $74,748

  • 11b · Fees: legal

    total $210,880 · program services $60,702 · management and general $150,178

  • 11c · Fees: accounting

    total $148,660 · program services $57,185 · management and general $91,475

  • 11g · Fees: other

    total $2,668,547 · program services $2,002,044 · management and general $666,503

  • 12 · Advertising and promotion

    total $396,759 · program services $166,222 · management and general $146,373 · fundraising $84,164

  • 13 · Office expenses

    total $1,348,337 · program services $772,666 · management and general $527,727 · fundraising $47,944

  • 14 · Information technology

    total $1,680,158 · program services $973,334 · management and general $704,574 · fundraising $2,250

  • 16 · Occupancy

    total $5,399,229 · program services $4,461,739 · management and general $913,214 · fundraising $24,276

  • 17 · Travel

    total $702,346 · program services $500,917 · management and general $201,429

  • 19 · Conferences, conventions and meetings

    total $148,380 · program services $109,857 · management and general $38,523

  • 20 · Interest

    total $4,208,551 · program services $4,175,962 · management and general $32,589

  • 22 · Depreciation, depletion and amortization

    total $6,579,874 · program services $6,549,202 · management and general $30,672

  • 23 · Insurance

    total $992,190 · program services $36,356 · management and general $955,834

  • 24a · Other expenses: INCOME TAXES

    total -$325,990 · management and general -$325,990

  • 24b · Other expenses: CULINARY EXPENSE

    total $2,081,100 · program services $2,075,443 · management and general $5,657

  • 24c · Other expenses: OTHER EXPENSES

    total $1,932,869 · program services $372,579 · management and general $1,529,266 · fundraising $31,024

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,645,108 · program services $1,645,108

  • 24e · All other expenses

    total $1,447,471 · program services $1,185,698 · management and general $254,019 · fundraising $7,754

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $13,273,142 · end of year $12,536,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $291,364 · end of year $285,435

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

    $190,202,785

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

    $49,601,734

  • 10c · Land, buildings and equipment, net

    beginning of year $145,383,429 · end of year $140,601,051

  • 12 · Investments: other securities

    beginning of year $34,866,718 · end of year $25,680,876

  • 13 · Investments: program-related

    beginning of year $39,224,267 · end of year $44,874,267

  • 15 · Other assets

    beginning of year $241,256,870 · end of year $275,757,648

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,470,166 · end of year $27,883,631

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,683,161 · end of year $15,371,254

  • 21 · Escrow or custodial account liability

    beginning of year $10,128,349 · end of year $11,344,660

  • 23 · Secured mortgages and notes payable

    beginning of year $105,678,870 · end of year $102,540,955

  • 25 · Other liabilities

    beginning of year $245,130,575 · end of year $261,502,283

  • 27 · Net assets without donor restrictions

    beginning of year $71,204,669 · end of year $79,092,602

  • 28 · Net assets with donor restrictions

    beginning of year $2,000,000 · end of year $2,000,000

Mission and programs · 2023

Mission

THE MISSION OF PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, 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.

  • PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. OPERATES SEVERAL SENIOR HOUSING FACILITIES IN MINNESOTA AND IOWA. CAMPUS IN SPRING PARK, MN CONSISTS OF 60 BED SKILLED NURSING FACILITY, 52 TRADITIONAL ASSISTED LIVING APARTMENTS, 18 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 166 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 193 INDEPENDENT SENIOR LIVING APARTMENTS, A 4 UNIT DECREASE FROM THE PRIOR YEAR. A CAMPUS IN ST. PAUL, MN CONSITING OF 16 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 61 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 73 INDEPENDENT SENIOR LIVING APARTMENTS. A SECOND CAMPUS IN SHOREWOOD, MN CONSITING OF 25 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 26 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 54 INDEPENDENT SENIOR LIVING APARTMENTS. LASTLY, A THIRD CAMPUS IN WHITE BEAR LAKE, MN CONSISTING OF 30 MEMORY CARE SPECIFIC APARTMENTS AND 82 MIXED TRADITIONAL ASSISTED LIVING AND INDEPENDENT SENIOR LIVING APARTMENTS.

    Expenses $74,356,149 · Grants $6,208,384 · Revenue $80,568,116

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Lindh

    PRESIDENT & CEO

    Total calculated
    $1,089,847
    From this org
    $1,063,597
    From related orgs
    $0
    Other
    $26,250
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,034,206
    Bonus
    $0
    Other
    $29,391
    Deferred
    $15,000
    Nontaxable benefits
    $11,250
    Filer's total
    $1,089,847

  • Mark Meyer

    CFO

    Total calculated
    $500,746
    From this org
    $479,100
    From related orgs
    $0
    Other
    $21,646
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $453,089
    Bonus
    $0
    Other
    $26,011
    Deferred
    $15,000
    Nontaxable benefits
    $6,646
    Filer's total
    $500,746

  • Mark Pederson

    SENIOR VP OF SITE OPERATIONS

    Total calculated
    $295,435
    From this org
    $273,581
    From related orgs
    $0
    Other
    $21,854
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $272,556
    Bonus
    $0
    Other
    $1,025
    Deferred
    $11,375
    Nontaxable benefits
    $10,479
    Filer's total
    $295,435

  • Jonathan Fletcher

    VP DEVELOPMENT

    Total calculated
    $408,664
    From this org
    $380,084
    From related orgs
    $0
    Other
    $28,580
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $379,729
    Bonus
    $0
    Other
    $355
    Deferred
    $13,293
    Nontaxable benefits
    $15,287
    Filer's total
    $408,664

  • Michael Bingham

    SENIOR VP, OPTAGE OPERATIONS

    Total calculated
    $388,335
    From this org
    $366,430
    From related orgs
    $0
    Other
    $21,905
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $363,967
    Bonus
    $0
    Other
    $2,463
    Deferred
    $15,000
    Nontaxable benefits
    $6,905
    Filer's total
    $388,335

  • Martha Hurr Ertl

    VP OF TRANSFORMATION SYSTEMS

    Total calculated
    $304,447
    From this org
    $289,981
    From related orgs
    $0
    Other
    $14,466
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $278,910
    Bonus
    $0
    Other
    $11,071
    Deferred
    $14,466
    Nontaxable benefits
    $0
    Filer's total
    $304,447

  • Janna Severance

    LEGAL COUNSEL

    Total calculated
    $307,243
    From this org
    $293,670
    From related orgs
    $0
    Other
    $13,573
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $267,886
    Bonus
    $0
    Other
    $25,784
    Deferred
    $10,213
    Nontaxable benefits
    $3,360
    Filer's total
    $307,243

  • Heidi Peterson

    CONTROLLER & VP OF FINANCE

    Total calculated
    $310,839
    From this org
    $283,676
    From related orgs
    $0
    Other
    $27,163
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $282,987
    Bonus
    $0
    Other
    $689
    Deferred
    $14,779
    Nontaxable benefits
    $12,384
    Filer's total
    $310,839

  • Randy Kirsch

    VP IT

    Total calculated
    $316,248
    From this org
    $277,748
    From related orgs
    $0
    Other
    $38,500
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $253,267
    Bonus
    $0
    Other
    $24,481
    Deferred
    $31,910
    Nontaxable benefits
    $6,590
    Filer's total
    $316,248

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY PRESBYTERIAN HOMES AND SERVICES, A RELATED ORGANIZATION. PRESBYTERIAN HOMES AND SERVICES USES THE FOLLOWING TO DETERMINE THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 4. COMPENSATION SURVEY OR STUDY

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.

  • SENIOR HOUSING PARTNERS LLC

    SENIOR HOUSING CONSTRUCTION PROJECT DEVELOPMENT AND MANAGEMENT · MN · income $6,281,027 · assets $38,521,161

    Directly controlled by PHHAL

  • SENIOR LIFESTYLE DESIGN LLC

    SENIOR HOUSING INTERIOR DESIGN · MN · income $656,074 · assets $3,487,182

    Directly controlled by PHHAL

  • PLYMOUTH SENIOR HOUSING LLC

    CARE OF THE ELDERLY · MN · income $6,225,721 · assets $13,553,291

    Directly controlled by PHHAL

  • PHSCAMBRIDGE CARE CENTER LLC

    CARE OF THE ELDERLY · MN · income $0 · assets $0

    Directly controlled by PHHAL

  • PHS LAKE MINNETONKA LLC

    CARE OF THE ELDERLY · MN · income $20,861,365 · assets $26,881,574

    Directly controlled by PHHAL

  • PHS MANAGEMENT LLC

    SENIOR HOUSING AND RELATED ORGANIZATIONS MANAGEMENT SERVICES · MN · income $30,699,093 · assets $54,386,045

    Directly controlled by PHHAL

  • PHS MAYFIELD LLC

    CARE OF THE ELDERLY · MN · income $1,813,701 · assets $6,036,471

    Directly controlled by PHHAL

  • PHS BURNSVILLE LLC

    CARE OF THE ELDERLY · MN · income $1,477,312 · assets -$2,072,417

    Directly controlled by PHHAL

  • WAYZATA BAY REDEVELOPMENT COMPANY LLC

    SENIOR HOUSING · MN · income $25,000 · assets -$41,359,931

    Directly controlled by PHHAL

  • MAXFIELD RESEARCH AND CONSULTING LLC

    REAL ESTATE RESEARCH · MN · income $1,169,835 · assets $0

    Directly controlled by PHHAL

  • PHS NORFOLK AVE LLC

    CARE OF THE ELDERLY · MN · income $7,500,086 · assets $27,190,498

    Directly controlled by PHHAL

  • PHS SHOREWOOD LLC

    CARE OF THE ELDERLY · MN · income $5,821,976 · assets $25,954,552

    Directly controlled by PHHAL

  • PHS WHITE BEAR LAKE LLC

    CARE OF THE ELDERLY · MN · income $7,149,136 · assets $30,876,463

    Directly controlled by PHHAL

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
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202542199349302169

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