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← PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC

Form 990 for tax year 2022

Filed by PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC.

Totals

Total revenue
$90,883,712
Total expenses
$90,547,966
Contributions and grants received
$1,880,618
Grants paid
$9,159,842
Program service revenue
$79,295,547
Investment income
$7,622,527
Other revenue
$2,085,020
Total assets, end of year
$474,295,790
Total liabilities, end of year
$401,091,121
Net assets or fund balances, end of year
$73,204,669
Program services expenses (Part IX)
$73,118,915
Management and general expenses
$16,001,407
Fundraising expenses
$1,427,644
Program service expenses (Part III)
$73,118,915

Program services were 80.8% 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

    $1,627,039

  • 1e · Government grants (contributions)

    $246,524

  • 1f · All other contributions, gifts and grants

    $7,055

  • 2a · Program service revenue: RESIDENT SERVICES

    total $45,449,314 · related or exempt $45,449,314

  • 2b · Program service revenue: MANAGEMENT

    total $23,961,394 · related or exempt $23,298,920 · unrelated business $662,474

  • 2c · Program service revenue: DESIGN & PROCUREMENT

    total $8,909,617 · related or exempt $7,249,799 · unrelated business $1,659,818

  • 2d · Program service revenue: RESEARCH

    total $975,222 · unrelated business $975,222

  • 3 · Investment income

    total $7,600,897 · excluded $7,600,897

  • 6a · Gross rents

    real property $1,087,258

  • 6b · Less rental expenses

    real property $898,483

  • 6c · Rental income or loss

    real property $188,775

  • 6d · Net rental income or loss

    total $188,775 · unrelated business $18,775 · excluded $170,000

  • 7a · Gross sales of assets other than inventory

    other assets $780,944

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

    other assets $759,314

  • 7c · Gain or loss

    other assets $21,630

  • 7d · Net gain or loss

    total $21,630 · excluded $21,630

  • 10a · Gross sales of inventory

    $91,748

  • 10b · Cost of goods sold

    $69,289

  • 10c · Net income from sales of inventory

    total $22,459 · excluded $22,459

  • 11a · Other revenue: CHILDCARE INCOME

    total $712,294 · excluded $712,294

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $656,441 · excluded $656,441

  • 11c · Other revenue: MEALS REVENUE

    total $505,051 · excluded $505,051

  • 11e · Other revenue, total

    $1,873,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,125,563 · program services $9,125,563

  • 2 · Grants to domestic individuals

    total $34,279 · program services $34,279

  • 5 · Compensation of officers, directors and key employees

    total $3,804,537 · management and general $3,804,537

  • 7 · Other salaries and wages

    total $34,068,601 · program services $32,002,170 · management and general $1,049,336 · fundraising $1,017,095

  • 8 · Pension plan contributions

    total $1,711,634 · program services $1,234,054 · management and general $417,084 · fundraising $60,496

  • 9 · Other employee benefits

    total $5,728,440 · program services $3,243,207 · management and general $2,398,062 · fundraising $87,171

  • 10 · Payroll taxes

    total $3,203,012 · program services $2,229,303 · management and general $907,411 · fundraising $66,298

  • 11b · Fees: legal

    total $61,705 · program services $40,418 · management and general $21,287

  • 11c · Fees: accounting

    total $144,684 · program services $64,621 · management and general $80,063

  • 11g · Fees: other

    total $3,285,502 · program services $2,604,032 · management and general $681,470

  • 12 · Advertising and promotion

    total $429,988 · program services $136,087 · management and general $192,557 · fundraising $101,344

  • 13 · Office expenses

    total $199,741 · program services $792,975 · management and general -$627,987 · fundraising $34,753

  • 14 · Information technology

    total $1,193,399 · program services $526,717 · management and general $666,532 · fundraising $150

  • 16 · Occupancy

    total $5,723,627 · program services $4,745,450 · management and general $953,901 · fundraising $24,276

  • 17 · Travel

    total $636,800 · program services $411,762 · management and general $225,038

  • 19 · Conferences, conventions and meetings

    total $135,024 · program services $100,436 · management and general $34,588

  • 20 · Interest

    total $4,239,735 · program services $4,182,317 · management and general $57,418

  • 22 · Depreciation, depletion and amortization

    total $6,566,254 · program services $6,536,980 · management and general $29,274

  • 23 · Insurance

    total $892,862 · program services $33,051 · management and general $859,811

  • 24a · Other expenses: INCOME TAXES

    total $252,443 · management and general $252,443

  • 24b · Other expenses: DESIGN AND PROCUREMENT

    total $3,002,472 · management and general $3,002,472

  • 24c · Other expenses: CULINARY EXPENSE

    total $1,927,633 · program services $1,923,383 · management and general $4,250

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,700,655 · program services $1,700,655

  • 24e · All other expenses

    total $2,479,376 · program services $1,451,455 · management and general $991,860 · fundraising $36,061

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $10,772,220 · end of year $13,273,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $414,756 · end of year $291,364

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

    $191,895,638

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

    $46,512,209

  • 10c · Land, buildings and equipment, net

    beginning of year $150,916,865 · end of year $145,383,429

  • 12 · Investments: other securities

    beginning of year $35,704,858 · end of year $34,866,718

  • 13 · Investments: program-related

    beginning of year $37,002,767 · end of year $39,224,267

  • 15 · Other assets

    beginning of year $202,866,666 · end of year $241,256,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,891,411 · end of year $23,470,166

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,980,895 · end of year $16,683,161

  • 21 · Escrow or custodial account liability

    beginning of year $8,905,759 · end of year $10,128,349

  • 23 · Secured mortgages and notes payable

    beginning of year $107,068,028 · end of year $105,678,870

  • 25 · Other liabilities

    beginning of year $225,963,116 · end of year $245,130,575

  • 27 · Net assets without donor restrictions

    beginning of year $70,868,923 · end of year $71,204,669

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

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 197 INDEPENDENT SENIOR LIVING APARTMENTS. PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. ADDED THREE NEW CAMPUSES IN FISCAL YEAR ENDING SEPTEMBER 30, 2022. 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 $73,118,915 · Grants $9,159,842 · Revenue $75,998,033

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Lindh

    CEO

    Total calculated
    $862,457
    From this org
    $836,839
    From related orgs
    $0
    Other
    $25,618
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $813,148
    Bonus
    $0
    Other
    $23,691
    Deferred
    $14,750
    Nontaxable benefits
    $10,868
    Filer's total
    $862,457

  • Mark Meyer

    CFO

    Total calculated
    $478,878
    From this org
    $449,215
    From related orgs
    $0
    Other
    $29,663
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $425,562
    Bonus
    $0
    Other
    $23,653
    Deferred
    $14,750
    Nontaxable benefits
    $14,913
    Filer's total
    $478,878

  • Duane Larson Thru 12312022

    VP SITE OPERATIONS

    Total calculated
    $351,791
    From this org
    $329,917
    From related orgs
    $0
    Other
    $21,874
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $308,632
    Bonus
    $0
    Other
    $21,285
    Deferred
    $14,750
    Nontaxable benefits
    $7,124
    Filer's total
    $351,791

  • Mark Pederson

    VP SITE OPERATIONS (AS OF 1.1.23)

    Total calculated
    $212,529
    From this org
    $189,597
    From related orgs
    $0
    Other
    $22,932
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $188,833
    Bonus
    $0
    Other
    $764
    Deferred
    $8,019
    Nontaxable benefits
    $14,913
    Filer's total
    $212,529

  • Jonathan Fletcher

    VP DEVELOPMENT

    Total calculated
    $383,339
    From this org
    $358,151
    From related orgs
    $0
    Other
    $25,188
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $351,146
    Bonus
    $0
    Other
    $7,005
    Deferred
    $12,702
    Nontaxable benefits
    $12,486
    Filer's total
    $383,339

  • Teresa Larson

    VP HUMAN RESOURCES

    Total calculated
    $163,557
    From this org
    $153,546
    From related orgs
    $0
    Other
    $10,011
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $145,510
    Bonus
    $0
    Other
    $8,036
    Deferred
    $7,695
    Nontaxable benefits
    $2,316
    Filer's total
    $163,557

  • Michael Bingham

    VP OPTAGE

    Total calculated
    $368,364
    From this org
    $346,905
    From related orgs
    $0
    Other
    $21,459
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $344,564
    Bonus
    $0
    Other
    $2,341
    Deferred
    $14,750
    Nontaxable benefits
    $6,709
    Filer's total
    $368,364

  • Martha Hurr Ertl

    VP OF TRANSFORMATION SYSTEM

    Total calculated
    $295,512
    From this org
    $281,470
    From related orgs
    $0
    Other
    $14,042
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $271,733
    Bonus
    $0
    Other
    $9,737
    Deferred
    $14,042
    Nontaxable benefits
    $0
    Filer's total
    $295,512

  • Janna Severance

    LEGAL COUNSEL

    Total calculated
    $314,340
    From this org
    $301,867
    From related orgs
    $0
    Other
    $12,473
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $279,444
    Bonus
    $0
    Other
    $22,423
    Deferred
    $9,391
    Nontaxable benefits
    $3,082
    Filer's total
    $314,340

  • Heidi Peterson

    CONTROLLER

    Total calculated
    $313,242
    From this org
    $286,153
    From related orgs
    $0
    Other
    $27,089
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $285,741
    Bonus
    $0
    Other
    $412
    Deferred
    $14,750
    Nontaxable benefits
    $12,339
    Filer's total
    $313,242

  • Randy Kirsch

    VP IT

    Total calculated
    $291,092
    From this org
    $270,877
    From related orgs
    $0
    Other
    $20,215
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $248,535
    Bonus
    $0
    Other
    $22,342
    Deferred
    $11,174
    Nontaxable benefits
    $9,041
    Filer's total
    $291,092

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

The 10 largest by cash amount. The API serves every itemized grant.

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 $5,008,965 · assets $35,597,576

    Directly controlled by PHHAL

  • SENIOR LIFESTYLE DESIGN LLC

    SENIOR HOUSING INTERIOR DESIGN · MN · income $3,935,840 · assets $3,523,784

    Directly controlled by PHHAL

  • PLYMOUTH SENIOR HOUSING LLC

    CARE OF THE ELDERLY · MN · income $6,273,620 · assets $13,261,750

    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 $18,328,448 · assets $26,352,259

    Directly controlled by PHHAL

  • PHS MANAGEMENT LLC

    SENIOR HOUSING AND RELATED ORGANIZATIONS MANAGEMENT SERVICES · MN · income $24,470,765 · assets $52,006,926

    Directly controlled by PHHAL

  • PHS MAYFIELD LLC

    CARE OF THE ELDERLY · MN · income $1,642,011 · assets $6,038,576

    Directly controlled by PHHAL

  • PHS BURNSVILLE LLC

    CARE OF THE ELDERLY · MN · income $443,277 · assets -$1,463,244

    Directly controlled by PHHAL

  • WAYZATA BAY REDEVELOPMENT COMPANY LLC

    SENIOR HOUSING · MN · income $24,996 · assets -$41,384,930

    Directly controlled by PHHAL

  • MAXFIELD RESEARCH AND CONSULTING LLC

    REAL ESTATE RESEARCH · MN · income $675,222 · assets -$24,610

    Directly controlled by PHHAL

  • PHS NORFOLK AVE LLC

    CARE OF THE ELDERLY · MN · income $6,779,119 · assets $27,545,201

    Directly controlled by PHHAL

  • PHS SHOREWOOD LLC

    CARE OF THE ELDERLY · MN · income $5,534,549 · assets $26,503,071

    Directly controlled by PHHAL

  • PHS WHITE BEAR LAKE LLC

    CARE OF THE ELDERLY · MN · income $7,091,122 · assets $31,176,241

    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
2022
Filed
8 August 2024
IRS schema version
2022v5.0
Source object
202442259349301014

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