2024-08-13T10:31:37-07:00 2023-09-30 990 2022-10-01 311725017 PHSINVER GROVE INC PHSI 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2024-08-13 true 2022 2024-08-08 14:25:15Z MARK MEYER 2845 N HAMLINE AVE ROSEVILLE MN 55113 11328509 false X WWW.PRESHOMES.ORG X 2000 MN THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 3 0 0 59 0 91728 107959 10052625 10970531 -58954 57812 156713 189668 10242112 11325970 1552 0 0 3435408 3675780 0 0 5372485 5618448 8809445 9294228 1432667 2031742 38368755 39910431 26098566 25608501 12270189 14301930 THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 7849602 10970531 THE ORGANIZATION IS LOCATED IN INVER GROVE HEIGHTS, MINNESOTA. THE CAMPUS CONSISTS OF A 84 UNIT ASSISTED LIVING FACILITY WITH 18 SPECIFICALLY DESIGNED FOR MEMORY CARE RESIDENTS, A 90 UNIT INDEPENDENT SENIOR APARTMENT BUILDING, AND 67 SENIOR TOWNHOMES. 7849602 true true false false false false false false true false true true false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 3 0 false true false false true true false true true false false true true true true true true false false false MN X HEIDI PETERSON 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 DAN LINDH BOARD CHAIR/CEO 1.00 39.00 X X 0 836839 25618 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 449215 29663 JONATHAN FLETCHER VP DEVELOPMENT 1.00 39.00 0 358151 25188 DUANE LARSON VP AFFILIATE BD 1.00 39.00 X X 0 329917 21874 MARK PEDERSON STARTING 1-1-23 SVP OPERATIONS 1.00 39.00 X X 0 189597 22932 TERESA LARSON SVP HUMAN RESOURCES 1.00 39.00 0 153546 10011 STACY CARLSRUD CAMPUS ADMIN 40.00 0.00 128336 0 6406 HADAMA OUBDA RA 40.00 0.00 103307 0 10280 231643 2317265 151972 2 false true false PHS MANAGEMENT LLC 2845 N HAMLINE AVE ROSEVILLE MN 55113 MANAGEMENT FEE 613111 HAMERNICK DECORATING 1381 N RICE STREET ST PAUL MN 55117 FLOORING 118313 LARSON BUILDING 200 1ST STREET S BUFFALO MN 55313 GENERAL CONSTRUCTION 189287 RIVER HEIGHTS LAWN AND LANDSCAPE 9601 JEFFERSON TRAIL W INVER GROVE HEIGHTS MN 55077 LANDSCAPING SERVICES 160632 4 107959 107959 RESIDENT SERVICES 623000 10970531 10970531 10970531 57812 57812 0 0 16920 16920 16920 16920 0 0 0 2671 2539 132 132 BEAUTY SHOP 446199 68479 68479 CULINARY INCOME 722210 63105 63105 MISCELLANEOUS INCOME 900099 41032 41032 172616 11325970 10970531 247480 0 0 0 0 0 0 3129747 2769281 360466 48703 43094 5609 266289 235619 30670 231041 204431 26610 613111 613111 0 4596 4596 0 0 0 224296 224090 206 21112 7751 13361 89897 31139 58758 86986 86986 0 972057 938675 33382 12407 12407 0 1323 1323 1083339 1083339 0 1264225 1264225 152542 152542 BUILDING - CONTRACTS/MAINT 494690 494690 FOOD 458964 458964 MISCELLANEOUS 111290 52961 58329 NURSING SUPPLIES 27613 27613 0 9294228 7849602 1444626 0 0 15241419 16964155 0 73717 111619 0 0 0 0 65044 66179 39788701 19734176 20308302 20054525 0 2517505 2579691 0 156685 134262 6083 0 38368755 39910431 1039494 771741 19235000 18235001 5824072 6329977 271782 26098566 25608501 X 12270189 14301930 12270189 14301930 38368755 39910431 X 2031742 -1 X false true X true false X 132663 138738 770630 91728 107959 1241718 9035635 9315539 9103241 10052625 10970531 48477571 1302 -143 -2188 -894 132 -1791 0 0 9169600 9454134 9871683 10143459 11078622 49717498 0 5814 6277 1302 15447 10610 39450 5814 6277 1302 15447 10610 39450 49678048 11580 15457 39730 -58954 74732 82545 0 11580 15457 39730 -58954 74732 82545 0 174811 152829 135279 157607 172616 793142 9355991 9622420 10046692 10242112 11325970 50593185 0.98190 0.98250 0.00160 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 4413913 4413913 30038308 17456492 12581816 1991361 1508878 482483 3345119 768806 2576313 20054525 2579691 DUE TO AFFILIATES 271781 Rounding 1 271782 X Part IV, Line 2b: Explanation of escrow account liability THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS FOR ITS RESIDENTS. MONEY IS HELD IN A SEGREGATED DAMAGE DEPOSIT ACCOUNT AND EARNS INTEREST WHILE IT IS HELD. RESIDENTS RECEIVE A REFUND OF THEIR DAMAGE DEPOSIT UPON DISCHARGE, AFTER ANY DEDUCTIONS FOR NECESSARY REPAIRS AND DAMAGES.RESIDENT NOTES ARE REPORTED AS LONG TERM ASSET AND LIABILITY, RESPECTIVELY ON THE STATEMENTS OF THE FINANCIAL POSITION. THE CONTRACTS WITH THE RESIDENTS LIMIT THE TOTAL AMOUNT OF DEPOSITS THAT THE ORGANIZATION MUST RETURN AT AY ONE TIME. THE MAXIMUM AMOUNTS IS $250,000. IF AT ANY TIME THE NET AMOUNT IT HAS BEEN RETURNED TO FORMER RESIDENTS EXCEEDS THE AMOUNT THAT IT HAS RECEIVED FROM NEW TENANTS BY THE APPLICABLE MAXIMUM AMOUNT, THE ORGAIZATION IS NOT REQUIRED TO REFUND ADDITIONAL DEPOSITS UNTIL NEW DEPOSITS ARE COLLECTED BRINGING THE AMOUNT OWED UNDER MAXIMUM AMOUNT. Part X : FIN48 Footnote THE ORGANIZATION AND ITS AFFILIATES ARE GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE SECTIONS OF THE STATE STATUTES; CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. HOWEVER, THERE ARE IMMATERIAL AMOUNTS OF UNRELATED BUSINESS INCOME IN CERTAIN AFFILIATES THAT ARE TAXABLE.THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. false false false false false false false false false DAN LINDH BOARD CHAIR/CEO 813148 23691 14750 10868 862457 DUANE LARSON VP AFFILIATE BD 308632 21285 14750 7124 351791 JONATHAN FLETCHER VP DEVELOPMENT 351146 7005 12702 12486 383339 MARK MEYER SEC/TREAS/CFO 425562 23653 14750 14913 478878 MARK PEDERSON STARTING 1-1-23 SVP OPERATIONS 188833 764 8019 14913 212529 TERESA LARSON SVP HUMAN RESOURCES 145510 8036 7695 2316 163557 A CITY OF INVER GROVE MINNESOTA 416005255 461229BW5 2005-05-19 30290000 REFINANCE 2001 DEBT false false false A 12055000 30290000 30290000 true true true true A false false false false true A false false true false false false false true A true Form 990, Part VI, Section A, Line 3 PHS MANAGEMENT, LLC PROVIDES MANAGEMENT SERVICES FOR THE ORGANIZATION. PHS MANAGEMENT, LLC PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CLINICAL NURSING CONSULTATION, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, STAFFING FOR FUND DEVELOPMENT, AND NEW BUSINESS DEVELOPMENT. Form 990, Part VI, Section A, Line 6 THE SOLE MEMBER OF THE ORGANIZATION IS PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S 990 IS PROVIDED TO VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. OFFICERS AND MANAGEMENT OF THE ORGANIZATION HAVE BEEN INVOLVED IN THE PREPARATION OF THE 990 AND HAVE REVIEWED THE 990 THROUGHOUT THE PROCESS. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION OBTAINS ANNUALLY WRITTEN DISCLOSURE FROM GOVERNING BODY MEMBERS, OFFICERS AND KEY EMPLOYEES. MANAGEMENT AND OFFICERS REVIEW THESE DISCLOSURES AND EVALUATE WHETHER THE INTEREST COULD RESULT IN A CONFLICT AND THEN TAKE THE NECESSARY STEPS TO REMEDIATE ANY SUCH CONFLICT. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part XI, Line 9 Rounding = -$1 FORM 990, PART VII, SECTION A SHARING OF HOURSOFFICERS & KEY EMPLOYEES SHARE THEIR HOURS BETWEEN THE FILING ORGANIZATION AND ITS RELATED ORGANIZATIONS. Schedule R Part II Identification of Tax-Exempt Organizations Schedule R Part II Identification of Tax-Exempt Organizations SEE ATTACHMENT FOR SCH R 2845 N HAMLINE AVE ROSEVILLE MN 55113 MN N/A false false false true false false false false false false false false false true false true true false false false