PHSINVER GROVE INC

EIN: 311725017 501(c)(3) Housing & Shelter

ROSEVILLE, MN

Total Revenue
$11,886,771
Total Expenses
$9,494,873
Total Assets
$40,719,304
Net Assets
$16,693,829
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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
2000
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

PHSINVER GROVE INC, founded in 2000, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.9M in total revenue in fiscal year 2023. The organization ran a surplus of $2.4M, a strong 20% operating margin.

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: $7,976,847 Revenue: $11,479,708

THE ORGANIZATION IS LOCATED IN INVER GROVE HEIGHTS, MINNESOTA. THE CAMPUS CONSISTS OF A 84 UNIT ASSISTED LIVING FACILITY WITH 18 SPECIFICALLY DESIGNED FOR MEMORY CARE RESIDENTS, A 90 UNIT INDEPENDENT...

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THE ORGANIZATION IS LOCATED IN INVER GROVE HEIGHTS, MINNESOTA. THE CAMPUS CONSISTS OF A 84 UNIT ASSISTED LIVING FACILITY WITH 18 SPECIFICALLY DESIGNED FOR MEMORY CARE RESIDENTS, A 90 UNIT INDEPENDENT SENIOR APARTMENT BUILDING, AND 67 SENIOR TOWNHOMES.

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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 $169,817
Program Service Revenue $11,479,708
Investment Income $63,459
Other Revenue $173,787
TOTAL REVENUE $11,886,771

Expense Breakdown

Grants Paid $2,633
Salaries & Benefits $3,842,263
Fundraising Expenses $0
Program Expenses $7,976,847
Other Expenses $5,649,977
TOTAL EXPENSES $9,494,873

Year-over-Year Comparison

2023 2022 Change
Revenue $11,886,771 $11,325,970 +0.0%
Expenses $9,494,873 $9,294,228 +0.0%
Net Income $2,391,898 $2,031,742 +0.2%
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
65

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
STACY CARLSRUD CAMPUS ADMIN 40.00
$131,183 $6,560 $137,743
HADAMA OUBDA RA 40.00
$0 $0 $0
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 $11,886,771 $9,494,873 $40,719,304 $2,391,898
2023 $11,325,970 $9,294,228 $39,910,431 $2,031,742
2022 $10,242,112 $8,809,445 $38,368,755 $1,432,667
2021 $10,046,692 $7,993,990 $38,189,716 $2,052,702
2020 $9,622,420 $7,905,113 $36,973,696 $1,717,307
2019 $9,355,991 $7,694,198 $36,407,764 $1,661,793
2018 $9,023,953 $7,658,095 $35,770,244 $1,365,858
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