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← PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC

Form 990 for tax year 2024

Filed by PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING INC.

Totals

Total revenue
$107,493,250
Total expenses
$92,047,706
Contributions and grants received
$1,473,324
Grants paid
$7,682,415
Program service revenue
$87,319,116
Investment income
$16,269,739
Other revenue
$2,431,071
Total assets, end of year
$525,808,397
Total liabilities, end of year
$429,270,251
Net assets or fund balances, end of year
$96,538,146
Program services expenses (Part IX)
$79,710,103
Management and general expenses
$10,654,264
Fundraising expenses
$1,683,339
Program service expenses (Part III)
$79,710,103

Program services were 86.6% 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

    $1,309,876

  • 1e · Government grants (contributions)

    $163,448

  • 2a · Program service revenue: RESIDENT SERVICES

    total $51,829,942 · related or exempt $51,829,942

  • 2b · Program service revenue: MANAGEMENT

    total $29,616,333 · related or exempt $28,958,602 · unrelated business $657,731

  • 2c · Program service revenue: DESIGN & PROCUREMENT

    total $5,872,841 · related or exempt $3,705,506 · unrelated business $2,167,335

  • 3 · Investment income

    total $10,330,216 · excluded $10,330,216

  • 6a · Gross rents

    real property $1,214,632

  • 6b · Less rental expenses

    real property $955,494

  • 6c · Rental income or loss

    real property $259,138

  • 6d · Net rental income or loss

    total $259,138 · unrelated business $36,866 · excluded $222,272

  • 7a · Gross sales of assets other than inventory

    other assets $7,078,106

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

    other assets $1,138,583

  • 7c · Gain or loss

    other assets $5,939,523

  • 7d · Net gain or loss

    total $5,939,523 · excluded $5,939,523

  • 10a · Gross sales of inventory

    $59,311

  • 10b · Cost of goods sold

    $51,804

  • 10c · Net income from sales of inventory

    total $7,507 · excluded $7,507

  • 11a · Other revenue: CHILDCARE INCOME

    total $881,057 · excluded $881,057

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $708,976 · excluded $708,976

  • 11c · Other revenue: MEALS REVENUE

    total $574,393 · excluded $574,393

  • 11e · Other revenue, total

    $2,164,426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,646,000 · program services $7,646,000

  • 2 · Grants to domestic individuals

    total $36,415 · program services $36,415

  • 5 · Compensation of officers, directors and key employees

    total $4,025,541 · program services $4,025,541

  • 7 · Other salaries and wages

    total $39,365,491 · program services $35,275,546 · management and general $2,877,509 · fundraising $1,212,436

  • 8 · Pension plan contributions

    total $2,067,118 · program services $1,649,404 · management and general $333,561 · fundraising $84,153

  • 9 · Other employee benefits

    total $5,109,680 · program services $3,747,451 · management and general $1,255,402 · fundraising $106,827

  • 10 · Payroll taxes

    total $3,668,626 · program services $2,746,649 · management and general $841,347 · fundraising $80,630

  • 11b · Fees: legal

    total $278,966 · program services $98,969 · management and general $179,997

  • 11c · Fees: accounting

    total $149,889 · program services $61,192 · management and general $88,697

  • 11g · Fees: other

    total $1,889,919 · program services $1,484,632 · management and general $404,037 · fundraising $1,250

  • 12 · Advertising and promotion

    total $557,492 · program services $369,365 · management and general $129,931 · fundraising $58,196

  • 13 · Office expenses

    total $1,462,924 · program services $807,016 · management and general $606,725 · fundraising $49,183

  • 14 · Information technology

    total $1,298,352 · program services $637,099 · management and general $661,094 · fundraising $159

  • 16 · Occupancy

    total $5,331,956 · program services $4,371,507 · management and general $936,173 · fundraising $24,276

  • 17 · Travel

    total $640,365 · program services $458,802 · management and general $181,563

  • 19 · Conferences, conventions and meetings

    total $170,213 · program services $137,694 · management and general $32,519

  • 20 · Interest

    total $4,263,931 · program services $4,259,048 · management and general $4,883

  • 22 · Depreciation, depletion and amortization

    total $6,490,572 · program services $6,460,368 · management and general $30,204

  • 23 · Insurance

    total $1,093,798 · program services $39,204 · management and general $1,054,594

  • 24a · Other expenses: CULINARY EXPENSE

    total $2,203,724 · program services $2,198,896 · management and general $4,828

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,636,896 · program services $1,636,896

  • 24c · Other expenses: OTHER EXPENSES

    total $750,650 · program services $326,170 · management and general $377,291 · fundraising $47,189

  • 24d · Other expenses: BAD DEBT

    total $595,481 · management and general $595,481

  • 24e · All other expenses

    total $1,313,707 · program services $1,236,239 · management and general $58,428 · fundraising $19,040

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $12,536,108 · end of year $12,877,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $285,435 · end of year $326,347

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

    $175,774,224

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

    $45,923,132

  • 10c · Land, buildings and equipment, net

    beginning of year $140,601,051 · end of year $129,851,092

  • 12 · Investments: other securities

    beginning of year $25,680,876 · end of year $52,112,822

  • 13 · Investments: program-related

    beginning of year $44,874,267 · end of year $48,785,795

  • 15 · Other assets

    beginning of year $275,757,648 · end of year $281,854,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,883,631 · end of year $25,023,571

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,371,254 · end of year $14,088,828

  • 21 · Escrow or custodial account liability

    beginning of year $11,344,660 · end of year $12,128,456

  • 23 · Secured mortgages and notes payable

    beginning of year $102,540,955 · end of year $99,665,204

  • 25 · Other liabilities

    beginning of year $261,502,283 · end of year $278,364,192

  • 27 · Net assets without donor restrictions

    beginning of year $79,092,602 · end of year $94,538,146

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2024

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 INDEPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN PLYMOUTH, MN CONSISTS 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 APARTMENTS. A CAMPUS IN ST. PAUL, MN CONSISTING OF 16 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 61 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 73 INDEPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN SHOREWOOD, MN CONSISTING OF 25 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 26 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 54 INDEPENDENT SENIOR LIVING APARTMENTS. LASTLY, A CAMPUS IN WHITE BEAR LAKE, MN CONSISTING OF 30 MEMORY CARE SPECIFIC APARTMENTS AND 82 MIXED TRADITIONAL ASSISTED LIVING AND INDEPENDENT SENIOR LIVING APARTMENTS. DURING THE YEAR ENDED SEPTEMBER 30, 2025. PHHAL SOLD ONE OF THEIR CAMPUSES IN ST. PAUL, MN CONSISTING OF 193 INDEPENDENT SENIOR LIVING APARTMENTS.IN ADDITION TO OPERATING SENIOR HOUSING FACILITIES, PHHAL ALSO PROVIDES ADMINISTRATIVE SUPPORT FOR THE AFFILIATED ORGANIZATIONS OF PRESBYTERIAN HOMES AND SERVICES, AS WELL AS SIMILAR NONPROFIT ORGANIZATIONS. SENIOR HOUSING PARTNERS PROVIDES A COMPREHENSIVE PACKAGE OF STRATEGIC PLANNING, PROJECT DEVELOPMENT, FINANCING, CONSTRUCTION, AND MARKETING FOR THE SENIOR HOUSING INDUSTRY.

    Expenses $79,710,103 · Grants $7,682,415 · Revenue $84,494,050

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

Listed in Part VII

  • Daniel Lindh

    PRESIDENT & CEO (THRU 02/25)

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

    Schedule J breakdown matched by us

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

  • Jonathan Fletcher

    PRESIDENT & CEO

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

    Schedule J breakdown matched by us

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

  • Mark Meyer

    CFO

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

    Schedule J breakdown matched by us

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

  • Heidi Peterson

    VP OF FINANCE/TREASURER/SECRETARY

    Total calculated
    $327,893
    From this org
    $297,848
    From related orgs
    $0
    Other
    $30,045
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $297,129
    Bonus
    $0
    Other
    $719
    Deferred
    $15,480
    Nontaxable benefits
    $14,565
    Filer's total
    $327,893

  • Mark Pederson

    SVP OF OPERATIONS

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

    Schedule J breakdown matched by us

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

  • Rebecca Rauen

    VP, HUMAN RESOURCES

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

    Schedule J breakdown matched by us

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

  • Michael Bingham

    SENIOR VP, OPTAGE OPERATIONS

    Total calculated
    $391,628
    From this org
    $367,597
    From related orgs
    $0
    Other
    $24,031
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $365,043
    Bonus
    $0
    Other
    $2,554
    Deferred
    $17,000
    Nontaxable benefits
    $7,031
    Filer's total
    $391,628

  • Janna Severance

    LEGAL COUNSEL

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

    Schedule J breakdown matched by us

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

  • Martha Hurr Ertl

    VP OF TRANSFORMATION SYSTEM

    Total calculated
    $316,507
    From this org
    $301,468
    From related orgs
    $0
    Other
    $15,039
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $290,374
    Bonus
    $0
    Other
    $11,094
    Deferred
    $15,039
    Nontaxable benefits
    $0
    Filer's total
    $316,507

  • Kory Nadeau

    VP, IT

    Total calculated
    $294,917
    From this org
    $268,682
    From related orgs
    $0
    Other
    $26,235
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $268,045
    Bonus
    $0
    Other
    $637
    Deferred
    $14,024
    Nontaxable benefits
    $12,211
    Filer's total
    $294,917

  • Amy Jo Johnson

    VP, SALES & MARKETING

    Total calculated
    $272,230
    From this org
    $254,862
    From related orgs
    $0
    Other
    $17,368
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $231,284
    Bonus
    $0
    Other
    $23,578
    Deferred
    $10,387
    Nontaxable benefits
    $6,981
    Filer's total
    $272,230

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 $5,292,353 · assets $40,278,578

    Directly controlled by PHHAL

  • SENIOR LIFESTYLE DESIGN LLC

    SENIOR HOUSING INTERIOR DESIGN · MN · income $598,071 · assets $3,312,563

    Directly controlled by PHHAL

  • PLYMOUTH SENIOR HOUSING LLC

    CARE OF THE ELDERLY · MN · income $7,261,467 · assets $8,417,749

    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 $20,706,936 · assets $18,487,269

    Directly controlled by PHHAL

  • PHS MANAGEMENT LLC

    SENIOR HOUSING AND RELATED ORGANIZATIONS MANAGEMENT SERVICES · MN · income $31,435,781 · assets $57,540,105

    Directly controlled by PHHAL

  • PHS MAYFIELD LLC

    CARE OF THE ELDERLY · MN · income $1,715,076 · assets $1,193,812

    Directly controlled by PHHAL

  • PHS BURNSVILLE LLC

    CARE OF THE ELDERLY · MN · income $1,535,862 · assets -$2,990,257

    Directly controlled by PHHAL

  • WAYZATA BAY REDEVELOPMENT COMPANY LLC

    SENIOR HOUSING · MN · income $25,421 · assets -$17,190,847

    Directly controlled by PHHAL

  • PHS NORFOLK AVE LLC

    CARE OF THE ELDERLY · MN · income $8,398,013 · assets $33,393,520

    Directly controlled by PHHAL

  • PHS SHOREWOOD LLC

    CARE OF THE ELDERLY · MN · income $6,943,175 · assets $30,267,258

    Directly controlled by PHHAL

  • PHS WHITE BEAR LAKE LLC

    CARE OF THE ELDERLY · MN · income $7,788,932 · assets $32,938,219

    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
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202642259349301044

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