Civic Intelligence

Presbyterian Homes Housing & Assisted

EIN 41-1463801 • 501(c)3 • Roseville, MN

Profile

The mission of presbyterian homes housing & assisted living, inc. Is to honor god by enriching the lives and touching the hearts of older adults.

2845 North Hamline AvenueRoseville, MN 55113

www.preshomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.84x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.38x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

61st percentile

8.3%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

61st percentile

$1,089,847

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

46th percentile

5.4%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

5.2%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$499,735,385

Up $25,439,595 (+5.4%) from 2023

Liabilities

Up

$418,642,783

Up $17,551,662 (+4.4%) from 2023

Net Assets

Up

$81,092,602

Up $7,887,933 (+11%) from 2023

Revenue

Up

$95,587,991

Up $4,704,279 (+5.2%) from 2023

Expenses

Down

$87,700,058

Down $2,847,908 (-3.1%) from 2023

Net Income

Up

$7,887,933

Up $7,552,187 (+2249%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $109,202,136Liabilities 2010: $63,346,274Net Assets 2010: $45,855,8622010Assets 2011: $152,779,261Liabilities 2011: $91,819,244Net Assets 2011: $60,960,0172011Assets 2012: $169,473,999Liabilities 2012: $103,263,140Net Assets 2012: $66,210,8592012Assets 2013: $178,504,960Liabilities 2013: $104,117,936Net Assets 2013: $74,387,0242013Assets 2014: $175,608,281Liabilities 2014: $101,694,932Net Assets 2014: $73,913,3492014Assets 2015: $132,505,280Liabilities 2015: $94,271,157Net Assets 2015: $38,234,1232015Assets 2016: $134,822,175Liabilities 2016: $92,996,091Net Assets 2016: $41,826,0842016Assets 2017: $146,202,282Liabilities 2017: $94,093,278Net Assets 2017: $52,109,0042017Assets 2018: $154,170,674Liabilities 2018: $89,931,046Net Assets 2018: $64,239,6282018Assets 2019: $170,116,835Liabilities 2019: $84,264,113Net Assets 2019: $85,852,7222019Assets 2020: $160,067,467Liabilities 2020: $89,118,130Net Assets 2020: $70,949,3372020Assets 2021: $328,963,538Liabilities 2021: $249,230,855Net Assets 2021: $79,732,6832021Assets 2022: $437,678,132Liabilities 2022: $364,809,209Net Assets 2022: $72,868,9232022Assets 2023: $474,295,790Liabilities 2023: $401,091,121Net Assets 2023: $73,204,6692023Assets 2024: $499,735,385Liabilities 2024: $418,642,783Net Assets 2024: $81,092,6022024

Highlighted filing

2024

Assets$499,735,385
Liabilities$418,642,783
Net Assets$81,092,602

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $25,761,5132010Expenses 2011: $49,109,0002011Revenue 2012: $54,922,093Expenses 2012: $49,671,251Net Income 2012: $5,250,8422012Revenue 2013: $57,438,193Expenses 2013: $49,262,028Net Income 2013: $8,176,1652013Revenue 2014: $58,729,640Expenses 2014: $59,566,706Net Income 2014: -$837,0662014Revenue 2015: $65,604,865Expenses 2015: $101,124,340Net Income 2015: -$35,519,4752015Revenue 2016: $69,817,156Expenses 2016: $66,225,195Net Income 2016: $3,591,9612016Revenue 2017: $72,512,909Expenses 2017: $62,048,111Net Income 2017: $10,464,7982017Revenue 2018: $78,816,165Expenses 2018: $66,685,541Net Income 2018: $12,130,6242018Revenue 2019: $83,550,683Expenses 2019: $61,937,589Net Income 2019: $21,613,0942019Revenue 2020: $81,032,722Expenses 2020: $76,652,180Net Income 2020: $4,380,5422020Revenue 2021: $77,981,814Expenses 2021: $69,198,468Net Income 2021: $8,783,3462021Revenue 2022: $88,342,546Expenses 2022: $94,931,606Net Income 2022: -$6,589,0602022Revenue 2023: $90,883,712Expenses 2023: $90,547,966Net Income 2023: $335,7462023Revenue 2024: $95,587,991Expenses 2024: $87,700,058Net Income 2024: $7,887,9332024

Highlighted filing

2024

Revenue$95,587,991
Expenses$87,700,058
Net Income$7,887,933

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$500$419$81.1$95.6$87.7$7.89
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$474$401$73.2$90.9$90.5$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$438$365$72.9$88.3$94.9$6.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$329$249$79.7$78.0$69.2$8.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$160$89.1$70.9$81.0$76.7$4.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$170$84.3$85.9$83.6$61.9$21.6
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$154$89.9$64.2$78.8$66.7$12.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$94.1$52.1$72.5$62.0$10.5
2016Detailed filing. Detailed filing data is available for this year.$135$93.0$41.8$69.8$66.2$3.59
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$133$94.3$38.2$65.6$101$35.5
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$102$73.9$58.7$59.6$0.84
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$179$104$74.4$57.4$49.3$8.18
2012Summary only. Only limited summary data is available for this year.$169$103$66.2$54.9$49.7$5.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$91.8$61.0$49.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$63.3$45.9$25.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 6, 2025
Return Version
2023v6.0
Gross Receipts
$97,599,946
Mission and Program Overview

Mission

The mission of presbyterian homes housing & assisted living, inc. Is to honor god by enriching the lives and touching the hearts of older adults.

To honor god by enriching the lives and touching the hearts of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$145,383,429$140,601,051▼ $4,782,378
Investments Program Related$39,224,267$44,874,267▲ $5,650,000
Investments Other Securities$34,866,718$25,680,876▼ $9,185,842
Accounts Receivable$13,273,142$12,536,108▼ $737,034
Prepaid Expenses and Deferred Charges$291,364$285,435▼ $5,929
Total Assets$474,295,790$499,735,385▲ $25,439,595
Other Assets Total$241,256,870$275,757,648▲ $34,500,778
Liabilities
Other Liabilities$245,130,575$261,502,283▲ $16,371,708
Mortgage Notes Payable Secured by Investment Property$105,678,870$102,540,955▼ $3,137,915
Accounts Payable and Accrued Expenses$23,470,166$27,883,631▲ $4,413,465
Tax Exempt Bond Liabilities$16,683,161$15,371,254▼ $1,311,907
Escrow Account Liability$10,128,349$11,344,660▲ $1,216,311
Total Liabilities$401,091,121$418,642,783▲ $17,551,662
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,204,669$79,092,602▲ $7,887,933
Net Assets With Donor Restrictions$2,000,000$2,000,000→ $0
Total Net Assets Fund Balance$73,204,669$81,092,602▲ $7,887,933
Total Liabilities and Net Assets / Fund Balance$474,295,790$499,735,385▲ $25,439,595

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$111,598,082$39,661,614$151,259,696
Equipment$11,388,311$8,217,769$19,606,080
Land$16,506,803-$16,506,803
Leasehold Improvements$1,083,411$1,722,351$2,805,762
Other Land Buildings$24,444-$24,444
Investment Program Related Org$44,874,267--
Other Assets Org$266,002,988--
Other Securities$17,881,731--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel LindhPresident & CEOFT$1,034,206$55,641$1,089,847
Mark MeyerCFOFT$453,089$47,657$500,746
Jonathan FletcherVP DevelopmentFT$379,729$28,935$408,664
Michael BinghamSenior VP, Optage OperationsFT$363,967$24,368$388,335
Randy KirschVP ItFT$253,267$62,981$316,248
Heidi PetersonController & VP of FinanceFT$282,987$27,852$310,839
Janna SeveranceLegal CounselFT$267,886$39,357$307,243
Martha Hurr ErtlVP of Transformation SystemsFT$278,910$25,537$304,447
Mark PedersonSenior VP of Site OperationsFT$272,556$22,879$295,435

Highest Paid Contractors

ContractorServicesLocationCompensation
Premistar - WisconsinHvac ServicesPO BOX 8280, Carol Stream, IL 60197$2,611,136
Dayforce US INCPayroll SoftwarePO BOX 772830, Chicago, IL 60677$1,033,409
Ryan Companies INCConstruction Services533 S 3RD ST SUITE 100, Minneapolis, MN 55415$1,024,945
Pointclickcare TechnologiesSoftware SubscriptionPO BOX 674802, Detroit, MI 48267$766,615
Jtr Roofing INCConstruction Management11200 STILLWATER BLVD N, Lake Elmo, MN 55042$632,293
Revenue and Support

Revenue Composition

Contributions and Grants
$2,275,601
Program Service Revenue
$82,449,369
Investment Income
$8,711,432
Other Revenue
$2,151,589
Change in Net Assets
$7,887,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$50,227,205
Other Expenses$31,264,469
Grants and Similar Amounts Paid$6,208,384
Total Fundraising Expense$1,552,441
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,354,747$3,431,630$1,111,189$37,897,566
Depreciation Depletion$6,549,202$30,672-$6,579,874
Grants to Domestic Orgs$6,149,999--$6,149,999
Occupancy$4,461,739$913,214$24,276$5,399,229
Other Employee Benefits$3,451,837$1,231,590$102,170$4,785,597
Interest$4,175,962$32,589-$4,208,551
Payroll Taxes$2,521,937$830,440$74,748$3,427,125
Fees for Services Other$2,002,044$666,503-$2,668,547
Current Officers, Directors, Trustees, and Key Employees$2,305,394--$2,305,394
Pension Plan Contributions$1,368,836$375,765$66,922$1,811,523
Information Technology$973,334$704,574$2,250$1,680,158
Other Expenses$1,645,108$1,529,266$31,024$1,645,108
All Other Expenses$1,185,698$254,019$7,754$1,447,471
Office Expenses$772,666$527,727$47,944$1,348,337
Insurance$36,356$955,834-$992,190
Travel$500,917$201,429-$702,346
Advertising$166,222$146,373$84,164$396,759
Fees for Services Legal$60,702$150,178-$210,880
Fees for Services Accounting$57,185$91,475-$148,660
Conferences and Meetings$109,857$38,523-$148,380
Grants to Domestic Individuals$58,385--$58,385
Total Functional Expenses$74,356,149$11,791,468$1,552,441$87,700,058
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phs Council Bluffs IncRoseville, MN501(c)(3)To Support General Operations$2,200,000
Phs Walnut Ridge LLCRoseville, MN501(c)(3)To Support General Operations$2,200,000
Phs Maranatha IncRoseville, MN501(c)(3)To Support General Operations$500,000
Shoreview Senior ResidenceRoseville, MN501(c)(3)To Support General Operations$149,999
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Checks in Excess of Cash$217,290,522
Due to Affiliates$35,557,683
Workers Compensation & Other$6,958,910
Loan Deposits$1,695,168

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Spring Park Mn2014-06-03$9,300,000Refinance series 2010 bonds
CCity of Chanhassen Mn2014-06-03$9,300,000Refinance series 2010 bonds
DCity of St Bonifacius Mn2014-06-03$9,300,000Refinance series 2010 bonds
ACity of Little Canada Mn2010-12-09$5,765,000Refinance series 1999 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$9,300,000$9,160,838$4,084,386$139,163
C$9,300,000$9,160,838$4,084,386$139,163
D$9,300,000$9,160,838$4,084,386$139,163
A$5,765,000$5,408,597$3,220,000$115,300

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The board of directors may by resolution organize itself into committees. The board of directors may by resolution appoint committees, of definite or indefinite duration, for specific tasks or otherwise.

Form 990, Part VI, Section A, Line 6

The sole member of presbyterian homes housing & assisted living, inc. Is presbyterian homes and services.

Form 990, Part VI, Section A, Line 7A

The members of the organization elect the members of the governing body, but not if the persons on the governing body are the organization's only members or their delegates.

Form 990, Part VI, Section B, Line 11B

The organization's form 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 form 990 and have reviewed it throughout the process.

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 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 B, Line 15

The presbyterian homes & services board of directors is responsible for the governance and structure of compensation plans and for ensuring regulatory compliance of these plans. Ceo, senior management, executives and officers' compensation systems are managed by the executive committee and presbyterian homes & services board of directors. Systems are reviewed annually and the organization engages an external independent compensation consultant to provide a fair market value opinion. The target for total compensation for executive staff who meet performance expectations is set at 105% of the midpoint in each respective market price pay range.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Presbyterian Homes Housing & Assisted
EIN
41-1463801
Phone
6516316162
Address
2845 NORTH HAMLINE AVENUE, ROSEVILLE, MN 55113

Signing Officer

Name
Mark Meyer
Title
CFO
Phone
6516316162
Signed
2025-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Fletcher
Formed
1984
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
0
Employees
10,312
Volunteers
406

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 WEST BRIDGE STREET, OWATONNA, MN 55060
Preparer
Justin Hartert
Phone
5074467100
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The process of selecting an independent accountant has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The repairs and replacement reserves and the resident notes are reported as long term asset and liability, respectively on the consolidated statements of the financial position. At each of the facilities, the contracts with the residents limit the total amount of deposits that the organization must return at any one time. The maximum amounts at each of the facilities range from $100,000 to $2,000,000. If at any time the net amount it has returned to former residents exceeds the amount that it has received from new tenants by the applicable maximum amount, the organization is not required to refund additional deposits until new deposits are collected bringing the amount owed under maximum amount. The security deposit and resident trust fund balances totaled $71,364.

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable sections of the states 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.

Raw XML AppendixShowing 400 of 1,833 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt012536108
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
IRS990/AdvertisingGrp/FundraisingAmt084164
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0146373
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IRS990/AdvertisingGrp/TotalAmt0396759
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IRS990/BooksInCareOfDetail/USAddress/CityNm0ROSEVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/ContractorCompensationGrp/ServicesDesc0HVAC SERVICES
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IRS990/ContractorCompensationGrp/ServicesDesc3SOFTWARE SUBSCRIPTION
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IRS990/Desc0PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING, INC. OPERATES SEVERAL SENIOR HOUSING FACILITIES IN MINNESOTA AND IOWA. CAMPUS IN SPRING PARK, MN CONSISTS OF 60 BED SKILLED NURSING FACILITY, 52 TRADITIONAL ASSISTED LIVING APARTMENTS, 18 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 166 INDEPENDENT SENIOR LIVING APARTMENTS, AND 125 MULTIFAMILY EMPLOYEE HOUSING APARTMENTS. CAMPUS IN LITTLE CANADA, MN CONSISTING OF 93 INDPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN PLYMOUTH, MN CONSISTING OF 24 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 28 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 68 INDEPENDENT SENIOR LIVING APARTMENTS. A CAMPUS IN BURNSVILLE, MN WITH 40 BED ASSISTED LIVING FACILITY AND 20 MEMORY CARE SPECIFIC ASSISTED LIVING APARMTENTS. A CAMPUS IN ST. PAUL, MN CONSISTING OF 193 INDEPENDENT SENIOR LIVING APARTMENTS, A 4 UNIT DECREASE FROM THE PRIOR YEAR. A CAMPUS IN ST. PAUL, MN CONSITING OF 16 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 61 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 73 INDEPENDENT SENIOR LIVING APARTMENTS. A SECOND CAMPUS IN SHOREWOOD, MN CONSITING OF 25 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 26 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 54 INDEPENDENT SENIOR LIVING APARTMENTS. LASTLY, A THIRD CAMPUS IN WHITE BEAR LAKE, MN CONSISTING OF 30 MEMORY CARE SPECIFIC APARTMENTS AND 82 MIXED TRADITIONAL ASSISTED LIVING AND INDEPENDENT SENIOR LIVING APARTMENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm2MARK PEDERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL BINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5MARTHA HURR ERTL
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IRS990/Form990PartVIISectionAGrp/PersonNm8RANDY KIRSCH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt7CONTROLLER & VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP IT
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