2025-08-12T09:53:22-07:00 2024-09-30 990 2023-10-01 411871732 PRESBYTERIAN HOMES OF BLOOMINGTON INC PRES 6516316300 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2025-08-12 true 2023 2025-03-06 01:10:19Z JONATHAN FLETCHER 2054640 false X www.preshomes.org X 1997 MN THE MISSION OF PRESBYTERIAN HOMES OF BLOOMINGTON, INC. IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 3 0 0 21 0 72 1131 1791888 1700500 51818 124550 237151 228459 2080929 2054640 0 0 233487 250449 0 0 1593204 1609705 1826691 1860154 254238 194486 7042611 6720393 8897674 8380970 -1855063 -1660577 THE MISSION OF PRESBYTERIAN HOMES OF BLOOMINGTON, INC. IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 1475255 1700500 THE ORGANIZATION OPERATES AN 88 INDEPENDENT SENIOR APARTMENT BUILDING IN BLOOMINGTON MINNESOTA. 1475255 true false 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 true 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 1063597 26250 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 479100 21646 JONATHAN FLETCHER VP DEVELOPMENT 1.00 39.00 0 380084 28580 MARK PEDERSON BRD VICE CHAIR 1.00 39.00 X 0 273581 21854 2196362 98330 0 false true false PHS MANAGEMENT LLC 2845 HAMLINE AVENUE ROSEVILLE MN 55113 MANAGEMENT FEES 105159 1 1131 1131 INDEPENDENT SENIOR APT 623000 1700500 1700500 1700500 124550 124550 0 0 192599 192599 192599 192599 0 0 0 0 MISCELLANEOUS INCOME 900099 9005 9005 OTHER RESIDENT SRVC 623000 26855 26855 35860 2054640 1700500 353009 0 0 0 0 0 0 207659 114651 93008 72 40 32 38131 21053 17078 4587 2533 2054 105159 105159 3002 3002 4752 4752 0 0 0 28884 28884 9169 9169 15512 4124 11388 20820 20820 0 427065 408706 18359 126 126 0 0 402293 402293 0 380347 380347 73945 73945 BLDG MAINT 110185 110185 MISCELLANEOUS 28446 2313 26133 0 1860154 1475255 384899 0 0 1138790 802725 0 1043 1810 0 0 0 0 76488 77064 11013885 6949708 4243801 4064177 0 1477096 1679579 0 105393 95037 1 7042611 6720393 323956 304632 1934351 1572180 6365058 6149521 274309 354637 8897674 8380970 X -1855063 -1660577 -1855063 -1660577 7042611 6720393 194486 X false true X true false X 1650 9929 72 1131 12782 1548404 1444796 1642994 1791888 1700500 8128582 215527 203005 29961 26855 475348 0 0 1765581 1657730 1672955 1791960 1728486 8616712 0 145590 180879 306861 220346 236788 1090464 145590 180879 306861 220346 236788 1090464 7526248 32763 81265 105000 253862 317149 790039 0 32763 81265 105000 253862 317149 790039 0 34963 32220 3526 35107 9005 114821 1833307 1771215 1781481 2080929 2054640 9521572 0.79040 0.82610 0.08300 0.05360 X false true X 545000 545000 9937435 6785031 3152404 183805 38813 144992 347645 125864 221781 4064177 1679579 DUE TO AFFILIATES 354637 354637 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 1034206 29391 15000 11250 1089847 JONATHAN FLETCHER VP DEVELOPMENT 379729 355 13293 15287 408664 MARK MEYER SEC/TREAS/CFO 453089 26011 15000 6646 500746 MARK PEDERSON BRD VICE CHAIR 272556 1025 11375 10479 295435 A CITY OF BLOOMINGTON MN 416004990 09478LAA5 2008-07-30 7990000 REFINANCE 1998 BONDS false false true A 1840478 7990000 64147 159800 7830200 true false 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 & SERVICES. Form 990, Part VI, Section B, Line 11b PRIOR TO FILING WITH THE IRS, THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE GOVERNING BODY OF THE MEMBER THAT CONTROLS MANAGEMENT OF THE ORGANIZATION AND APPOINTS SOME OR ALL DIRECTORS TO THE ORGANIZATION. OFFICERS AND MANAGEMENT OF THE ORGANIZATION HAVE BEEN INVOLVED IN THE PREPARATION OF THE FORM 990 AND REMAIN ACCOUNTABLE TO THE GOVERNING BODY THROUGH REGULAR REVIEW OF FINANCIAL REPORTS AND RELATED INFORMATION. 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 VII, SECTION A SHARING OF HOURSOFFICERS & KEY EMPLOYEES SHARE THEIR HOURS BETWEEN THE FILING ORGANIZATION AND ITS RELATED 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 true false false