PHS FOUNDERS RIDGE INC

EIN: 208335025 501(c)(3) Housing & Shelter

ROSEVILLE, MN

Total Revenue
$11,803,978
Total Expenses
$10,073,916
Total Assets
$48,466,559
Net Assets
$2,178,217
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

PHS FOUNDERS RIDGE INC, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 15% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $8,609,697 Revenue: $11,385,234

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,422
Program Service Revenue $11,385,234
Investment Income $38,752
Other Revenue $370,570
TOTAL REVENUE $11,803,978

Expense Breakdown

Grants Paid $2,612
Salaries & Benefits $3,987,673
Fundraising Expenses $0
Program Expenses $8,609,697
Other Expenses $6,083,631
TOTAL EXPENSES $10,073,916

Year-over-Year Comparison

2023 2022 Change
Revenue $11,803,978 $10,856,611 +0.1%
Expenses $10,073,916 $10,049,892 +0.0%
Net Income $1,730,062 $806,719 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
17

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,886,028
Total Directors
3
$1,886,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LINDH BOARD CHAIR/CEO 1.00
Officer Director
$0 $26,250 $1,089,847
MARK MEYER SEC/TREAS/CFO 1.00
Officer Director
$0 $21,646 $500,746
JONATHAN FLETCHER VP DEVELOPMENT 1.00
$0 $28,580 $408,664
MARK PEDERSON SVP OPERATIONS 1.00
Officer Director
$0 $21,854 $295,435
JENNIFER J BRODAHL CAMPUS ADMIN 40.00
$113,034 $11,531 $124,565
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $11,803,978 $10,073,916 $48,466,559 $1,730,062
2023 $10,856,611 $10,049,892 $48,198,301 $806,719
2022 $9,717,356 $9,651,153 $48,968,493 $66,203
2021 $8,182,417 $8,510,051 $50,899,023 $-327,634
2020 $5,916,540 $5,823,813 $46,495,094 $92,727
2019 $5,968,377 $5,780,642 $21,237,916 $187,735
2018 $5,807,575 $5,576,611 $19,255,069 $230,964
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