PRESBYTERIAN HOMES OF NORTH OAKS INC

EIN: 300054296 501(c)(3) Human Services

ROSEVILLE, MN

Total Revenue
$28,992,553
Total Expenses
$25,119,887
Total Assets
$95,695,074
Net Assets
$1,457,562
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

PRESBYTERIAN HOMES OF NORTH OAKS INC, founded in 2001, is a mid-sized nonprofit in the Human Services sector that reported $29.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $25.1M left a modest 13% 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: $21,992,997 Revenue: $26,535,439

PRESBYTERIAN HOMES OF NORTH OAKS, INC. IS LOCATED IN NORTH OAKS, MINNESOTA. THE CAMPUS CONSISTS OF A 60 BED LICENSED NURSING HOME, 89 ASSISTED LIVING APARTMENTS WITH 12 SPECIFICALLY DESIGNED FOR...

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PRESBYTERIAN HOMES OF NORTH OAKS, INC. IS LOCATED IN NORTH OAKS, MINNESOTA. THE CAMPUS CONSISTS OF A 60 BED LICENSED NURSING HOME, 89 ASSISTED LIVING APARTMENTS WITH 12 SPECIFICALLY DESIGNED FOR MEMORY CARE RESIDENTS AND 18 FOR HIGH NEEDS ENHANCED CARE APARTMENTS, AND 164 INDEPENDENT SENIOR APARTMENTS.

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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 $1,038,194
Program Service Revenue $26,535,439
Investment Income $949,524
Other Revenue $469,396
TOTAL REVENUE $28,992,553

Expense Breakdown

Grants Paid $25,300
Salaries & Benefits $12,537,278
Fundraising Expenses $0
Program Expenses $21,992,997
Other Expenses $12,557,309
TOTAL EXPENSES $25,119,887

Year-over-Year Comparison

2023 2022 Change
Revenue $28,992,553 $25,900,450 +0.1%
Expenses $25,119,887 $23,454,029 +0.1%
Net Income $3,872,666 $2,446,421 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
89

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 BRD VICE CHAIR 1.00
Officer Director
$0 $21,854 $295,435
DANIEL ERICKSON CAMPUS ADMIN 40.00
$159,546 $25,202 $184,748
TRACY KIEFFER CLINICAL ADMIN 40.00
$114,856 $11,558 $126,414
ISRAEL OMARIBA CLINICAL ADMIN 40.00
$102,635 $20,399 $123,034
LAURENCE SIAPO LPN 40.00
$104,427 $12,187 $116,614
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 $28,992,553 $25,119,887 $95,695,074 $3,872,666
2023 $25,900,450 $23,454,029 $93,342,711 $2,446,421
2022 $23,022,012 $22,302,290 $92,689,590 $719,722
2021 $23,507,544 $21,806,353 $94,042,524 $1,701,191
2020 $22,853,400 $20,961,374 $93,420,404 $1,892,026
2019 $22,737,437 $20,355,606 $93,609,215 $2,381,831
2018 $21,645,670 $19,709,007 $91,683,724 $1,936,663
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