2025-08-12T09:52:32-07:00 2024-09-30 990 2023-10-01 843118573 MERCY-PHS SENIOR HOUSING INC MERC 6516316162 2845 HAMLINE AVE N ROSEVILLE MN 55113 MARK MEYER CFO 2025-08-12 true 2023 2025-03-06 01:10:19Z JONATHAN FLETCHER 8755005 false X WWW.PRESHOMES.ORG X 2019 IA THE MISSION OF THE ORGANIZATION IS TOHONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 6 6 0 0 0 118872 8065960 289836 23384 399209 142256 8755005 2629 0 120538 4991672 0 0 518708 10403723 639246 15398024 -496990 -6643019 93848899 89023302 87570944 81388366 6277955 7634936 THE MISSION OF THE ORGANIZATION IS TOHONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 13819379 2629 8065960 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. THE PROJECT OPENED IN THE FALL OF 2023. 13819379 true false false false false false false false true false true false false false true true true false false false false false false false false false false false false false 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 6 6 false true false false true true true true true false false true true true true true true false false false IA X HEIDI PETERSON 6516316122 2845 HAMLINE AVE N ROSEVILLE MN 55113 X DAN LINDH CEO 1.00 0.00 X X 0 0 0 MARK MEYER CFO 1.00 0.00 X X 0 0 0 DUANE LARSON BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY HILL-DAVIS BOARD MEMBER 0.00 0.00 X 0 0 0 NATHAN VAN GENDEREN BOARD TREAS/SEC 1.00 0.00 X X 0 0 0 TIMOTHY QUINN BOARD CHAIR 1.00 0.00 X X 0 0 0 0 false false false PHS MANAGEMENT LLC 2845 HAMLINE AVE N ROSEVILLE MN 55113 MANAGEMENT FEES 357953 CONLON CONSTRUCTION COMPANY 501 BELL STREET SUITE 402 DUBUQUE IA 52001 CONSTRUCTION SERVICES 1021585 SERVICE MASTER BY RICE 7555 UNIVERSITY AVENUE CLIVE IA 50325 RECOVERY SERVICES 256329 GREGS LAWN & LANDSCAPING 1200 CONTINENTAL PLACE NE CEDAR RAPIDS IA 52402 LAWNCARE/SNOW REMOVAL 115683 4 0 RESIDENT SERVICES 623990 8065960 8065960 8065960 289836 289836 0 0 282101 282101 282101 282101 0 0 0 0 CULINARY 722210 61672 61672 MISCELLANEOUS 900099 30149 30149 OTHER RESIDENT SVCS 623000 19348 19348 5939 5939 117108 8755005 8065960 689045 0 2629 2629 0 0 0 0 4073202 3763079 310123 11220 10366 854 572539 528947 43592 334711 309227 25484 357953 357953 46821 46821 12705 12705 0 0 0 318158 316616 1542 320629 17414 303215 581772 532127 49645 126132 126132 0 444967 398070 46897 14583 14583 0 4221 4221 4017776 4017776 0 3112595 3112595 136133 136133 FOOD 346663 346663 BLDG MAINT 330830 330830 MISC 120849 3300 117549 MEDICAL SUPPLIES 110936 110936 0 15398024 13819379 1578645 0 0 315279 1274568 0 1036086 372951 0 0 0 0 987 12740 85014812 2899668 82009567 82115144 0 7652690 2608439 0 800000 800000 2034290 1839460 93848899 89023302 5655912 827925 79700000 78265000 147900 336600 2067132 1958841 87570944 81388366 X 6277955 7634936 6277955 7634936 93848899 89023302 X -6643019 8000000 X false true X false false X 0 118872 8065960 8184832 644 86959 87603 0 0 119516 8152919 8272435 0 665955 665955 665955 665955 7606480 571937 571937 0 571937 571937 0 22740 30149 52889 142256 8755005 8897261 X 0.00000 0.00000 false true X 2527425 2527425 73226582 2086350 71140232 2221475 110440 2111035 7039330 702878 6336452 82115144 DEBT SERVICE RESERVE FUND 2147213 F DEFERRED DEVELOPMENT FEES 1155053 DUE TO AFFILIATES 803788 1958841 X 8755005 8755005 8755005 15398024 15398024 15398024 Part IV, Line 2b: Explanation of escrow account liability THE ORGANIZATION HOLDS FUNDS ON THE BEHALF OF RESIDENTS 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. A IOWA FINANCE AUTHORITY 521699886 46245FAY0 2021-08-19 79700000 CONSTRUCTION false false false A 1435000 79700000 2147213 3194958 1589550 76324565 false false true true A false false false false false false true A false true false false false false false true A true Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH PHS MANAGEMENT, LLC (AN AFFILIATE OF PHS), WHEREBY THEY HAVE AUTHORITY AND RESPONSIBILITY FOR THE GENERAL MANAGEMENT OF THE ORGANIZATION, INCLUDING PERSONNEL MANAGEMENT, OPERATING POLICIES, RESIDENT SERVICES, INSURANCE, MAINTENANCE, ACCOUNTING AND OTHER GENERAL MATTERS. Form 990, Part VI, Section A, Line 6 THE MEMBERS OF THE CORPORATION ARE PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING INC. AND MERCY HOSPITAL. Form 990, Part VI, Section A, Line 7a EACH MEMBER APPOINTS ONE HALF (1/2) OF THE TOTAL NUMBER OF BOARD MEMBERS. Form 990, Part VI, Section A, Line 7b THE CORPORATION MAY NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT RECEIVINGUNANIMOUS MEMBER APPROVAL.(A)INCUR LONG-TERM DEBT;(B)MORTGAGE OR ENCUMBER ANY ASSETS OF THE CORPORATION;(C)SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS PROPERTY ANDASSETS;(D) APPROVE THE OPERATING AND CAPITAL BUDGETS;(E) APPROVE UNBUDGETED CAPITAL OR OPERATING EXPENDITURES FOR ITEMS GREATER THAN 5% OF THE RESPECTIVE ANNUAL BUDGET;(F) APPROVE THE VISION AND STRATEGIC PLAN;(G) VOLUNTARILY DISSOLVE;(H) OR ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY;(I)MERGE, CONSOLIDATE WITH ANY DOMESTIC OR FOREIGN ORGANIZATION OR LEASE OR SELLMORE THAN FIFTY PERCENT OF THE CORPORATION'S PROPERTY AND ASSETS TO ANY ENTITY INANY ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS;(J)PREPAY ANY INDEBTEDNESS PRIOR TO THE TIME FOR PAYMENT THEREOF AS PROVIDED IN THECONTRACT EVIDENCING OR CREATING SUCH INDEBTEDNESS;(K)LOAN MONEY OR OTHER ASSETS TO OR GUARANTEE THE OBLIGATIONS OF ANY PERSON ORENTITY;(L)SUBSTANTIALLY CHANGE THE PRESENT OR NOW INTENDED NATURE OF CORPORATION'SOPEARTIONS;(M)APPROVE ANY EXTRAORDINARY COMPENSATION OR BONUS TO ANY EMPLOYEE;(N)AMEND THE ARTICLES OF INCORPORATION OR BYLAWS;(O)APPROVE, EXTEND OR RENEW ANY CONTRACTS BETWEEN THE CORPORATION AND A MEMBER, ORAN AFFILIATE OF A MEMBER, OR MODIFY ANY SUCH CONTRACTS TO INCREASE THE AMOUNT PAIDTHEREUNDER BY MORE THAN TEN PERCENT; OR(P)ADMIT ADDITIONAL MEMBERS. Form 990, Part VI, Section B, Line 11b PRIOR TO FILING WITH THE IRS, THE ORGANIZATION'S FORM 990 IS PROVIDED 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 DISCLOSURES FROM GOVERNING BODY MEMBERS,OFFICERS, AND KEY EMPLOYEES. MANAGEMENT AND OFFICERS REVIEW THESE DISCLOSURES ANDEVALUATE WHETHER THE INTEREST COULD RESULT IN A CONFLICT AND THEN TAKE THE NECESSARYSTEPS TO REMEDIATE ANY SUCH CONFLICT. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, ANDFINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 MEMBER CONTRIBUTION = $8000000 PRESBYTERIAN HOMES HOUSING & ASSISTED 2845 HAMLINE AVE N ROSEVILLE MN 55113 411463801 SENIOR HOUSING MN 501(C)(3) 10 N/A false MERCY MEDICAL CENTER 701 10TH ST SE CEDAR RAPIDS IA 52403 420698295 HOSPITAL IA 501(C)(3) 3 N/A false false false false false false false false false false false false false true false true true false false false