2026-08-08T07:47:21-07:00 2025-09-30 990 2024-10-01 300225161 SHEPHERDS PATH SENIOR HOUSING INC SHEP 6516316162 2845 HAMLINE AVE N ROSEVILLE MN 55113 HEIDI PETERSON CFO 2026-08-08 true 2024 2025-03-06 01:10:19Z JONATHAN FLETCHER 2845 HAMLINE AVE N ROSEVILLE MN 55113 9777386 false X WWW.PRESHOMES.ORG X 2003 MN THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 3 0 0 113 0 104594 115620 8686616 9389707 94189 52288 170624 190719 9056023 9748334 5406 2842 0 4463457 4663625 0 0 4489721 4518662 8958584 9185129 97439 563205 29238071 29543731 25374675 25080743 3863396 4462988 THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 7888119 2842 9389707 Shepherd's Path Senior Housing Inc. IS LOCATED IN PRIOR LAKE, MINNESOTA. THE CAMPUS CONSISTS OF 79 UNITS OF ASSISTED LIVING, 18 MEMORY CARE SPECIFIC ASSISTED LIVING UNITS AND 79 INDEPENDENT SENIOR APARTMENTS. 7888119 true true false false false false false false true false true true false true 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 HAMLINE AVE N ROSEVILLE MN 55113 DAN LINDH BOARD CHAIR/CEO 1.00 39.00 X X 0 994222 29111 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 499375 29211 JONATHAN FLETCHER BOARD CHAIR/CEO 1.00 39.00 X X 0 396038 31984 REBECCA RAUEN VP HUMAN RESOURCES 1.00 39.00 0 335241 4860 HEIDI PETERSON SEC/TREASURER 1.00 39.00 X X 0 297848 30045 MARK PEDERSON BRD VICE CHAIR 1.00 39.00 X X 0 299277 25661 AMY FEILEN CAMPUS ADMIN 40.00 0.00 100757 0 25212 SARA ROSADO CLINICAL ADMIN 40.00 0.00 106557 0 3194 207314 2822001 179278 2 false true false PHS MANAGEMENT LLC 2845 N HAMLINE AVE ROSEVILLE MN 55113 MANAGEMENT FEE 475057 NEW CENTURY SYSTEMS INC 5500 QUEENS AVE NE OSTEGO MN 55330 HVAC SERVICES 103473 2 76582 39038 115620 RESIDENT SERVICES 623000 9389707 9389707 9389707 52288 52288 0 0 8014 8014 8014 8014 0 0 0 25634 29052 -3418 -3418 BEAUTY SHOP 446199 21123 21123 CULINARY 722210 118262 118262 MISCELLANEOUS INCOME 900099 30606 30606 16132 16132 186123 9748334 9389707 243007 0 2842 2842 0 0 0 0 3910543 3559385 351158 65679 59781 5898 393140 357837 35303 294263 267839 26424 475057 475057 0 4896 4896 0 0 0 150783 149092 1691 6838 4362 2476 91407 44685 46722 88985 88985 0 759693 677797 81896 10037 10037 0 870 870 707086 707086 0 1365850 1365850 127534 127534 FOOD 391377 391377 BLDG MAINT 247788 247788 MISCELLANEOUS 53682 4712 48970 MEDICAL SUPPLIES 36779 36779 0 9185129 7888119 1297010 0 0 1729571 2962629 0 127421 114531 0 0 0 0 10072 11079 38293503 15202530 24144340 23090973 0 1364872 1492671 0 311624 285290 1550171 1586558 29238071 29543731 922952 938480 18849528 17965779 3909817 4379772 1692378 1796712 25374675 25080743 X 3863396 4462988 3863396 4462988 29238071 29543731 X 563205 36387 X false true X true false X 818690 240902 83588 104594 115620 1363394 7965368 8389217 8900443 8686616 9389707 43331351 -11291 321988 -15263 161190 155517 612141 0 0 8772767 8952107 8968768 8952400 9660844 45306886 0 285270 565963 643720 503818 569883 2568654 285270 565963 643720 503818 569883 2568654 42738232 1279 -114242 29788 101357 60302 78484 0 1279 -114242 29788 101357 60302 78484 0 336820 7284 204324 37848 56240 642516 9110866 8845149 9202880 9091605 9777386 46027886 0.92850 0.92470 0.00170 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 5824243 5824243 25692216 11452271 14239945 3564096 3104706 459390 3212948 645553 2567395 23090973 1492671 SWAP MARK TO MARKET 1586558 1586558 DUE TO AFFILIATES 1796712 1796712 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 $500,000. 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 965721 28501 17000 12111 1023333 HEIDI PETERSON SEC/TREASURER 297129 719 15480 14565 327893 JONATHAN FLETCHER BOARD CHAIR/CEO 391770 4268 15655 16329 428022 MARK MEYER SEC/TREAS/CFO 472943 26432 17000 12211 528586 MARK PEDERSON BRD VICE CHAIR 297934 1343 13450 12211 324938 REBECCA RAUEN VP HUMAN RESOURCES 311442 23799 392 4468 340101 A CITY OF PRIOR LAKE MINNESOTA 416005469 2016-07-28 5155000 REFINANCE OF SERIES 2006 false false false B CITY OF MAYER MN 411444213 2016-07-28 10000000 REFINANCE OF SERIES 2006 false false false C CITY OF HAMPTON MN 411232259 2016-07-28 10000000 REFINANCE OF SERIES 2006 false false false A 1473283 5155000 101892 5053109 true false true true B 2831111 10000000 197657 9802343 true false true true C 2831111 10000000 197657 9802343 true false true true A false false false false true B false false false false true C false false false false true A false false true false false false false true B false false true false false false false true C false false true false false false false true A true B true C 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 XI, Line 9 MARKET ADJUSTMENT = $36387 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 false false false