2025-08-12T09:52:46-07:00 2024-09-30 990 2023-10-01 208335025 PHS FOUNDERS RIDGE INC PHSF 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2025-08-12 true 2023 2025-03-06 01:10:19Z JONATHAN FLETCHER 11805836 false X WWW.PRESHOMES.ORG X 2007 MN THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 3 0 0 17 0 7596 9422 10524686 11385234 29863 38752 294466 370570 10856611 11803978 5250 2612 0 3784364 3987673 0 0 6260278 6083631 10049892 10073916 806719 1730062 48198301 48466559 47750146 46288342 448155 2178217 THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 8609697 2612 11385234 THE ORGANIZATION IS LOCATED IN BLOOMINGTON MINNESOTA. THE CAMPUS CONSISTS OF 127 INDEPENDENT APARTMENTS, 40 INDEPENDENT BROWNSTONE APARTMENTS, 33 ASSISTED LIVING APARTMENTS AND 19 ASSISTED LIVING APARTMENTS SPECIFIC TO MEMORY CARE. 8609697 true true false false false false false false true false true false 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 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 SVP OPERATIONS 1.00 39.00 X X 0 273581 21854 JENNIFER J BRODAHL CAMPUS ADMIN 40.00 0.00 113034 0 11531 113034 2196362 109861 1 false true false PHS MANAGEMENT LLC 2845 N HAMLINE AVE ROSEVILLE MN 55113 MANAGEMENT FEE 570471 1 7122 2300 9422 RESIDENT SERVICES 623000 11385234 11385234 11385234 38752 38752 0 0 75221 75221 75221 75221 0 0 0 3284 1858 1426 1426 BEAUTY SHOP 446199 39667 39667 CULINARY INCOME 722210 211551 211551 OTHER RESIDENT SRVC 623000 24842 24842 17863 17863 293923 11803978 11385234 409322 0 2612 2612 0 0 0 0 3301798 2899457 402341 49631 43583 6048 387606 340374 47232 248638 218340 30298 570471 570471 0 4752 4752 0 0 0 223914 220120 3794 18904 4849 14055 85533 19324 66209 89508 89508 0 1085668 1024665 61003 9477 9477 0 1754 1754 1425410 1425410 0 1658785 1658785 118710 118710 FOOD 404818 404818 BLDG MAINT 280030 280030 MISCELLANEOUS 63980 14182 49798 MEDICAL SUPPLIES 41917 41917 0 10073916 8609697 1464219 0 0 3524867 5216691 0 42205 33435 0 0 0 0 8412 9253 51667004 9983793 43186719 41683211 0 730527 859940 0 705571 664029 0 48198301 48466559 1188212 1209118 34160208 32711665 9834935 9723880 2566791 2643679 47750146 46288342 X 448155 2178217 448155 2178217 48198301 48466559 1730062 X false true X true false X 104620 722302 47624 7596 9422 891564 5662091 7244993 9393299 10524686 11385234 44210303 2032 1753 2185 47208 276060 329238 0 0 5768743 7969048 9443108 10579490 11670716 45431105 0 843309 329604 151292 172347 189504 1686056 843309 329604 151292 172347 189504 1686056 43745049 2328 762 16381 29863 113973 163307 0 2328 762 16381 29863 113973 163307 0 145469 212607 257867 247941 21147 885031 5916540 8182417 9717356 10857294 11805836 46479443 0.94120 0.91010 0.00350 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 4479310 4479310 42042503 7860172 34182331 2396033 1124906 1271127 2749158 998715 1750443 41683211 REPLACEMENT RESERVE 859940 F DUE TO AFFILIATES 2643678 Rounding 1 2643679 X Part IV, Line 2b: Explanation of escrow account liability 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 AMOUNT 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 SVP OPERATIONS 272556 1025 11375 10479 295435 A CITY OF BLOOMINGTON 416004990 2014-05-21 7912000 REFUNDING 2011 ISSUE false false false B CITY OF BLOOMINGTON 416004990 2014-05-21 7912000 REFUNDING 2011 ISSUE false false false C CITY OF ST PAUL PARK MN 416005525 2019-08-22 6500000 CONSTRUCTION false false false D CITY OF MEDINA MN 416009009 2019-08-22 10000000 CONSTRUCTION false false false A 3217534 7912000 7912000 true false true true B 3217534 7912000 7912000 true false true true C 556850 6500000 6500000 false false false true D 856692 10000000 10000000 false false false true A false false false false true B false false false false true C false false false false true D false false false false true A false true false false false false false B false true false false false false false C false false false true false false false D false false false true false false false A true B true C true D true A CITY OF INDEPENDENCE MN 410958873 2019-09-06 9000000 CONSTRUCTION false false false A 771023 9000000 9000000 false false false true A false false false false true A false false true false false false false 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 OFFICERS & 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 false false true true false false false