2021-08-12T06:37:33-07:00 2020-09-30 990 2019-10-01 300054296 PRESBYTERIAN HOMES OF NORTH OAKS INC PRES 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2021-08-12 2019 2022-09-23 18:48:47Z MARK MEYER 2845 N HAMLINE AVE ROSEVILLE MN 55113 22863968 false X WWW.PRESHOMES.ORG X 2001 MN THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 3 0 0 49 0 68218 262954 21628171 21782373 524885 426605 516163 381468 22737437 22853400 1474 516 0 8972172 9425562 0 0 11381960 11535296 20355606 20961374 2381831 1892026 93609215 93420404 103113563 101565105 -9504348 -8144701 THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 18464175 516 21782373 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. 18464175 true true false false false false false false true true true true false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 3 0 false true false false true true false true true false false true true true true true true false false false MN X HEIDI PETERSON 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 DAN LINDH BOARD CHAIR/CEO 1.00 39.00 X X 0 898680 23795 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 434244 27331 JONATHAN FLETCHER VP DEVELOPMENT 1.00 39.00 0 326768 15893 TERESA LARSON SVP HUMAN RESOURCES 1.00 39.00 0 312117 19162 DUANE LARSON SVP OPERATIONS 1.00 39.00 X 0 278468 26773 WILLIAM HAGSTROM BD MEM TO 12/19 1.00 39.00 X 0 256717 18803 DANIEL ERICKSON CAMPUS ADMIN 40.00 0.00 137789 0 19133 137789 2506994 150890 1 false true false PHS MANAGEMENT LLC 2845 N HAMLINE AVE ROSEVILLE MN 55113 MANAGEMENT FEE 984000 HAMERNICK DECORATING 1381 NORTH RICE ST ST PAUL MN 55117 FLOORING 107340 2 59756 203198 262954 RESIDENT SERVICES 623000 21782373 21782373 21782373 426605 426605 0 0 0 0 0 0 6703 10568 -3865 -3865 BEAUTY SHOP 446199 86764 86764 CULINARY INCOME 722210 182637 182637 MISCELLANEOUS INCOME 900099 115932 115932 385333 22853400 21782373 808073 0 516 516 0 0 0 0 7786183 7177580 608603 158785 146400 12385 877350 808917 68433 603244 556191 47053 984000 984000 24867 24867 7965 7965 0 0 0 374819 343354 31465 9315 9315 168783 168783 191604 191604 0 1488001 1488001 7872 7258 614 0 3653 3368 285 3732537 3732537 0 2343703 2343703 206380 206380 FOOD 655664 655664 BUILDING - CONTRACTS/MAINT 575661 575661 NURSING 293855 293855 LICENSES/DUES/SURCHARGES 290092 168900 121192 176525 162270 14255 20961374 18464175 2497199 0 0 24372302 25758480 0 470035 722765 0 0 0 0 43864 44200 81514301 27772442 55831382 53741859 0 11788633 12089823 0 1102999 1063277 0 93609215 93420404 3526398 3725551 304039 74113031 72636368 23973250 22886096 1500884 2013051 103113563 101565105 X -11113429 -9755445 1609081 1610744 -9504348 -8144701 93609215 93420404 X 1892026 -532379 X false true X true false X 46935 69215 155451 68218 262954 602773 19771436 20466540 20751162 21628171 21782373 104399682 -4616 -6215 -6658 -5423 -3865 -26777 0 0 19813755 20529540 20899955 21690966 22041462 104975678 0 0 104975678 451888 205666 188142 524885 426605 1797186 0 451888 205666 188142 524885 426605 1797186 0 497928 484604 557573 521586 385333 2447024 20763571 21219810 21645670 22737437 22853400 109219888 0.96110 0.95900 0.01650 0.01640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 1609081 62500 60837 1610744 1609313 62500 62732 1609081 1792220 -124916 57991 1609313 1787010 61820 56610 1792220 1793783 62500 69273 1787010 1.00000 false false false 13204741 13204741 62331477 24115117 38216360 3745024 2397340 1347684 2231536 1259985 971551 1523 1523 53741859 12089823 DUE TO AFFILIATES 803656 EXTENDED CARE LIABILITY 26956 SWAP MARK TO MARKET 1182439 2013051 X Part IV, Line 2b: Explanation of escrow account liability RESIDENT NOTES ARE REPORTED AS LONG TERM ASSET AND LIABILITY, RESPECTIVELY ON THE STATEMENTS OF THE FINANCIAL POSITION. THE CONTRACTS WITH THE RESIDENTS LIMIT THE TOTAL AMOUNT OF DEPOSITS THAT THE ORGANIZATION MUST RETURN AT AY ONE TIME. THE MAXIMUM AMOUNTS IS $2,000,000. IF AT ANY TIME THE NET AMOUNT IT HAS BEEN RETURNED TO FORMER RESIDENTS EXCEEDS THE AMOUNT THAT IT HAS RECEIVED FROM NEW TENANTS BY THE APPLICABLE MAXIMUM AMOUNT, THE ORGAIZATION IS NOT REQUIRED TO REFUND ADDITIONAL DEPOSITS UNTIL NEW DEPOSITS ARE COLLECTED BRINGING THE AMOUNT OWED UNDER MAXIMUM AMOUNT. Part V, Line 4: Intended uses of the endowment fund. THE ORGANIZATION'S ENDOWMENT FUNDS WILL BE USED AS DIRECTED BY THE DONOR'S RESTRICTION. 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. false false false false false false false false false DAN LINDH BOARD CHAIR/CEO 898680 14000 9795 922475 DANIEL ERICKSON CAMPUS ADMIN 137789 7316 11817 156922 DUANE LARSON SVP OPERATIONS 278468 13442 13331 305241 JONATHAN FLETCHER VP DEVELOPMENT 326768 4915 10978 342661 MARK MEYER SEC/TREAS/CFO 434244 14000 13331 461575 TERESA LARSON SVP HUMAN RESOURCES 312117 14000 5162 331279 WILLIAM HAGSTROM BD MEM TO 12/19 256717 13073 5730 275520 A CITY OF NORTH OAKS MN 410883077 66126TBB1 2016-10-27 77046632 REFINANCE SERIES 2007 false false false A 4410264 77046632 2472944 75841921 1204711 false true false true A false false false false true A false true false false false false false false A true 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. Other Changes In Net Assets Or Fund Balances - Other Decreases INTEREST RATE SWAP MARKET ADJUSTMENT = -$532379 FORM 990, PART VII, SECTION A SHARING OF HOURSOFFICERS & KEY EMPLOYEES SHARE THEIR HOURS BETWEEN THE FILING ORGANIZATION AND ITS RELATED ORGANIZATIONS. SEE ATTACHMENT FOR SCH R 2845 N HAMLINE AVE ROSEVILLE MN 55113 MN N/A false false false true false false false false false false false false false false false true true false false false