Civic Intelligence

Phs Monticello Inc.

990 • Fiscal year 2019 • EIN 41-1819439

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 07, 2020

2845 N Hamline AveRoseville, MN 55113

(651) 631-6162

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

1.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

3.81x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

65th percentile

9.6%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$880,890

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 127.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

34th percentile

-1.1%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

45th percentile

2.3%

Faster revenue growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,623,563

Down $30,095 (-1.1%) from 2018

Net Assets

Up

-$9,415

Up $66,602 (+88%) from 2018

Liabilities

Down

$2,632,978

Down $96,697 (-3.5%) from 2018

Revenue

Up

$691,750

Up $15,295 (+2.3%) from 2018

Expenses

Down

$625,148

Down $22,310 (-3.4%) from 2018

Net Income

Up

$66,602

Up $37,605 (+130%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $3,205,774Liabilities 2010: $3,317,177Net Assets 2010: -$111,4032010Assets 2011: $3,077,687Liabilities 2011: $3,193,125Net Assets 2011: -$115,4382011Assets 2012: $3,014,211Liabilities 2012: $3,186,783Net Assets 2012: -$172,5722012Assets 2013: $2,982,630Liabilities 2013: $3,182,535Net Assets 2013: -$199,9052013Assets 2014: $2,944,648Liabilities 2014: $3,146,266Net Assets 2014: -$201,6182014Assets 2015: $2,730,517Liabilities 2015: $2,893,828Net Assets 2015: -$163,3112015Assets 2016: $2,597,223Liabilities 2016: $2,730,577Net Assets 2016: -$133,3542016Assets 2017: $2,613,806Liabilities 2017: $2,718,820Net Assets 2017: -$105,0142017Assets 2018: $2,653,658Liabilities 2018: $2,729,675Net Assets 2018: -$76,0172018Assets 2019: $2,623,563Liabilities 2019: $2,632,978Net Assets 2019: -$9,4152019Assets 2020: $2,669,597Liabilities 2020: $2,573,426Net Assets 2020: $96,1712020Assets 2021: $2,767,269Liabilities 2021: $2,552,676Net Assets 2021: $214,5932021Assets 2022: $2,887,598Liabilities 2022: $2,545,391Net Assets 2022: $342,2072022Assets 2023: $2,979,240Liabilities 2023: $2,444,304Net Assets 2023: $534,9362023Assets 2024: $3,178,921Liabilities 2024: $2,424,198Net Assets 2024: $754,7232024

Highlighted filing

2019

Assets$2,623,563
Liabilities$2,632,978
Net Assets-$9,415

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $553,6582010Revenue 2011: $564,931Expenses 2011: $559,433Net Income 2011: $5,4982011Expenses 2012: $633,7232012Expenses 2013: $621,5042013Revenue 2014: $603,808Expenses 2014: $605,521Net Income 2014: -$1,7132014Revenue 2015: $626,395Expenses 2015: $588,088Net Income 2015: $38,3072015Revenue 2016: $639,125Expenses 2016: $609,168Net Income 2016: $29,9572016Revenue 2017: $643,211Expenses 2017: $614,871Net Income 2017: $28,3402017Revenue 2018: $676,455Expenses 2018: $647,458Net Income 2018: $28,9972018Revenue 2019: $691,750Expenses 2019: $625,148Net Income 2019: $66,6022019Revenue 2020: $719,388Expenses 2020: $613,802Net Income 2020: $105,5862020Revenue 2021: $742,021Expenses 2021: $623,599Net Income 2021: $118,4222021Revenue 2022: $763,584Expenses 2022: $635,970Net Income 2022: $127,6142022Revenue 2023: $846,802Expenses 2023: $654,074Net Income 2023: $192,7282023Revenue 2024: $902,696Expenses 2024: $682,909Net Income 2024: $219,7872024

Highlighted filing

2019

Revenue$691,750
Expenses$625,148
Net Income$66,602
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 7, 2020
Return Version
2018v3.1
Gross Receipts
$691,750
Mission and Program Overview

Mission

The mission of the organization is to honor god by enriching the lives and touching the hearts of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,644,983$1,514,389▼ $130,594
Savings and Temporary Cash Investments$530,249$614,454▲ $84,205
Investments Other Securities$415,033$444,200▲ $29,167
Intangible Assets$51,330$47,577▼ $3,753
Prepaid Expenses and Deferred Charges$4,482$4,498▲ $16
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Accounts Receivable$7,581$-1,555▼ $9,136
Total Assets$2,653,658$2,623,563▼ $30,095
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$2,529,888$2,478,959▼ $50,929
Accounts Payable and Accrued Expenses$60,273$85,118▲ $24,845
Other Liabilities$139,514$68,901▼ $70,613
Total Liabilities$2,729,675$2,632,978▼ $96,697
Net Assets / Fund Balance
Unrestricted Net Assets$-76,017$-9,415▲ $66,602
Total Net Assets Fund Balance$-76,017$-9,415▲ $66,602
Total Liabilities and Net Assets / Fund Balance$2,653,658$2,623,563▼ $30,095

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,223,572$2,194,309$3,417,881
Equipment$88,600$704,414$793,014
Land$190,000-$190,000
Leasehold Improvements$12,217$26,503$38,720
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan LindhBoard Chair/CEO
Mark MeyerSec/treas/CFO
Teresa LarsonSVP Human Resources
Duane LarsonSVP Operations
John MehrkensVP Development
Jonathan FletcherVP Development
William HagstromVP Deveploment
Karen MckennaVP Human Resources
Michael BinghamVP Optage
Sharon StricklerVP Site Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$665,487
Investment Income
$3,253
Other Revenue
$13,010
Change in Net Assets
$66,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$530,979
Salaries, Compensation, and Employee Benefits$94,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$184,496--$184,496
Interest$100,854--$100,854
Occupancy$98,293--$98,293
Other Salaries and Wages$27,163$56,317-$83,480
Fees for Services Management-$33,331-$33,331
Insurance-$18,146-$18,146
Information Technology-$11,515-$11,515
Other Expenses$10,682$5,289-$10,682
Office Expenses-$7,756-$7,756
Payroll Taxes$1,824$3,702-$5,526
Other Employee Benefits$1,110$2,253-$3,363
Travel-$3,263-$3,263
Advertising-$2,930-$2,930
Pension Plan Contributions$594$1,206-$1,800
Total Functional Expenses$479,440$145,708$0$625,148
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Subordinated Note Payable$50,000
Due to Affiliates$18,901

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Bloomington Mn2008-07-30$2,810,000REFINANCE 1995 DEBT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,773,876-$294,917$56,200

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
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

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, Line 6: Explanation of Classes of Members or Shareholder

The sole member of the organization is presbyterian homes & services.

Form 990, Part VI, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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, Line 19: Other Organization Documents Publicly Available

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.

Filing and Contact Details

Filer

Filer Name
Phs Monticello Inc
EIN
41-1819439
Phone
6516316162
Address
2845 N HAMLINE AVE, ROSEVILLE, MN 55113

Signing Officer

Name
Mark Meyer
Title
CFO
Signed
2020-08-07

Organization Details

Principal Officer
Mark Meyer
Formed
2002
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
16
Supplemental Narrative

Financial Statement Notes

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.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.18$2.42$0.75$0.90$0.68$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.98$2.44$0.53$0.85$0.65$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$2.55$0.34$0.76$0.64$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.77$2.55$0.21$0.74$0.62$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.67$2.57$0.10$0.72$0.61$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.62$2.63$0.01$0.69$0.63$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.65$2.73$0.08$0.68$0.65$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.61$2.72$0.11$0.64$0.61$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.60$2.73$0.13$0.64$0.61$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.73$2.89$0.16$0.63$0.59$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.94$3.15$0.20$0.60$0.61$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$3.18$0.20$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$3.19$0.17$0.63
2011Summary only. Only limited summary data is available for this year.$3.08$3.19$0.12$0.56$0.56$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$3.32$0.11$0.55