PRESBYTERIAN HOMES HOUSING & ASSIS… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

JONATHAN FLETCHER

Phone

6516316162

Tax Period

2023-10-01 to 2024-09-30

PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $95.6M in total revenue in fiscal year 2023. Expenses of $87.7M left a modest 8% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $74,356,149 Revenue: $80,568,116

PRESBYTERIAN 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...

PRESBYTERIAN 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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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,275,601

Program Service Revenue $82,449,369

Investment Income $8,711,432

Other Revenue $2,151,589

TOTAL REVENUE $95,587,991

Expense Breakdown

Grants Paid $6,208,384

Salaries & Benefits $50,227,205

Fundraising Expenses $1,552,441

Program Expenses $74,356,149

Other Expenses $31,264,469

TOTAL EXPENSES $87,700,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,587,991	$90,883,712	+0.1%
Expenses	$87,700,058	$90,547,966	0.0%
Net Income	$7,887,933	$335,746	+22.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

10312

Volunteers

406

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

$1,886,028

Total Directors

$1,886,028

Key Employees

$408,664

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL LINDH	PRESIDENT & CEO	39.00	Officer Director	$1,063,597	$26,250	$1,089,847
MARK MEYER	CFO	39.00	Officer Director	$479,100	$21,646	$500,746
MARK PEDERSON	SENIOR VP OF SITE OPERATIONS	39.00	Officer Director	$273,581	$21,854	$295,435
JONATHAN FLETCHER	VP DEVELOPMENT	39.00	Key Emp	$380,084	$28,580	$408,664
MICHAEL BINGHAM	SENIOR VP, OPTAGE OPERATIONS	39.00	Highest	$366,430	$21,905	$388,335
MARTHA HURR ERTL	VP OF TRANSFORMATION SYSTEMS	39.00	Highest	$289,981	$14,466	$304,447
JANNA SEVERANCE	LEGAL COUNSEL	39.00	Highest	$293,670	$13,573	$307,243
HEIDI PETERSON	CONTROLLER & VP OF FINANCE	39.00	Highest	$283,676	$27,163	$310,839
RANDY KIRSCH	VP IT	39.00	Highest	$277,748	$38,500	$316,248

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	$95,587,991	$87,700,058	$499,735,385	$7,887,933
2023	$90,883,712	$90,547,966	$474,295,790	$335,746
2022	$88,342,546	$94,931,606	$437,678,132	$-6,589,060
2021	$77,981,814	$69,198,468	$328,963,538	$8,783,346
2020	$81,032,722	$76,652,180	$160,067,467	$4,380,542
2019	$83,550,683	$61,937,589	$170,116,835	$21,613,094
2018	$78,816,165	$66,685,541	$154,170,674	$12,130,624

PRESBYTERIAN HOMES HOUSING & ASSISTED LIVING INC