Totals
- Total revenue
- $142,256
- Total expenses
- $639,246
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $118,872
- Investment income
- $0
- Other revenue
- $23,384
- Total assets, end of year
- $93,848,899
- Total liabilities, end of year
- $87,570,944
- Net assets or fund balances, end of year
- $6,277,955
- Program services expenses (Part IX)
- $228,339
- Management and general expenses
- $410,907
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $228,339
Program services were 35.7% 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.
-
2a · Program service revenue: RESIDENT SERVICES
total $118,872 · related or exempt $118,872
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: CULINARY
total $192 · related or exempt $192
-
11b · Other revenue: MISCELLANEOUS
total $22,740 · related or exempt $22,740
-
11c · Other revenue: OTHER RESIDENT SVCS
total $452 · related or exempt $452
-
11e · Other revenue, total
$23,384
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $98,293 · program services $43,652 · management and general $54,641
-
8 · Pension plan contributions
total $236 · program services $105 · management and general $131
-
9 · Other employee benefits
total $16,713 · program services $7,422 · management and general $9,291
-
10 · Payroll taxes
total $5,296 · program services $2,352 · management and general $2,944
-
11a · Fees: management
total $6,238 · management and general $6,238
-
11b · Fees: legal
total $22,194 · management and general $22,194
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $26,584 · program services $26,584
-
12 · Advertising and promotion
total $288,432 · program services $6,139 · management and general $282,293
-
13 · Office expenses
total $13,857 · management and general $13,857
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $79,823 · program services $79,627 · management and general $196
-
17 · Travel
total $813 · program services $813
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $11,727 · management and general $11,727
-
24a · Other expenses: BLDG MAINT
total $32,227 · program services $32,227
-
24b · Other expenses: FOOD
total $23,592 · program services $23,592
-
24c · Other expenses: MISC
total $7,395 · management and general $7,395
-
24d · Other expenses: MEDICAL SUPPLIES
total $5,826 · program services $5,826
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $14,119 · end of year $315,279
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $14,831 · end of year $1,036,086
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $657 · end of year $987
-
10a · Land, buildings and equipment: cost or other basis
$82,009,567
-
10c · Land, buildings and equipment, net
beginning of year $45,297,932 · end of year $82,009,567
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $11,482,505 · end of year $7,652,690
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $800,000 · end of year $800,000
-
15 · Other assets
beginning of year $1,559,713 · end of year $2,034,290
-
17 · Accounts payable and accrued expenses
beginning of year $9,004,984 · end of year $5,655,912
-
20 · Tax-exempt bond liabilities
beginning of year $42,990,000 · end of year $79,700,000
-
21 · Escrow or custodial account liability
end of year $147,900
-
25 · Other liabilities
beginning of year $399,826 · end of year $2,067,132
-
29 · Capital stock, trust principal or current funds
beginning of year $6,774,947 · end of year $6,277,955
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TOHONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
-
THE ORGANIZATION OPERATES 117 INDEPENDENT LIVING APARTMENTS, 40 ASSISTED LIVING AND 20 ASSISTED MEMORY CARE APARTMENTS ALONG WITH 60 SKILLED NURSING BEDS LOCATED IN MARION, IOWA. DURING THE YEAR THE PROJECT STARTED CONSTRUCTION AND ANTICIPATES OPENING IN THE FALL 2023.
Expenses $228,339 · Revenue $118,872
As filed on the 2022 return.
Listed in Part VII
-
DAN LINDH
CEO
- Total calculated
- $0
- Hours/week
- 1
-
MARK MEYER
CFO
- Total calculated
- $0
- Hours/week
- 1
-
DUANE LARSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY CHARLES
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
NATHAN VAN GENDEREN
BOARD TREAS/SEC
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY QUINN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations 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.
-
PRESBYTERIAN HOMES HOUSING & ASSISTED
501(C)(3) · SENIOR HOUSING · MN
-
501(C)(3) · HOSPITAL · IA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202442269349301824
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