2025-08-12T09:53:23-07:00 2024-09-30 990 2023-10-01 300054296 PRESBYTERIAN HOMES OF NORTH OAKS INC PRES 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2025-08-12 true 2023 2025-03-06 01:10:19Z JONATHAN FLETCHER 28999180 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 89 0 415235 1038194 24486604 26535439 519563 949524 479048 469396 25900450 28992553 26110 25300 0 10752912 12537278 0 0 12675007 12557309 23454029 25119887 2446421 3872666 93342711 95695074 96070180 94237512 -2727469 1457562 THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 21992997 25300 26535439 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. 21992997 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 true 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 1063597 26250 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 479100 21646 JONATHAN FLETCHER VP DEVELOPMENT 1.00 39.00 0 380084 28580 MARK PEDERSON BRD VICE CHAIR 1.00 39.00 X X 0 273581 21854 DANIEL ERICKSON CAMPUS ADMIN 40.00 0.00 159546 0 25202 TRACY KIEFFER CLINICAL ADMIN 40.00 0.00 114856 0 11558 ISRAEL OMARIBA CLINICAL ADMIN 40.00 0.00 102635 0 20399 LAURENCE SIAPO LPN 40.00 0.00 104427 0 12187 481464 2196362 167676 4 false true false PHS MANAGEMENT LLC 2845 N HAMLINE AVE ROSEVILLE MN 55113 MANAGEMENT FEE 1145746 GRAPETREE MEDICAL STAFFING PO BOX 5340 SOUIX FALLS SD 57117 NURSE AGENCY 429181 FRERICHS CONSTRUCTION COMPANY 3600LABORE RD SUITE 8 ST PAUL MN 55110 CONSTRUCTION SERVICES 134214 ACCESS MECHANICAL INC 15901 FOX STREET NW ANDOVER MN 55304 HVAC SERVICES 116055 4 204567 833627 1038194 RESIDENT SERVICES 623000 26535439 26535439 26535439 949524 949524 0 0 40993 40993 40993 40993 0 0 0 4032 6627 -2595 -2595 BEAUTY SHOP 446199 103656 103656 CULINARY INCOME 722210 203805 203805 OTHER RESIDENT SRVC 90825 90825 32712 32712 430998 28992553 26535439 1418920 0 25300 25300 0 0 0 0 10378819 9606803 772016 189891 175766 14125 1177079 1089523 87556 791489 732615 58874 1145746 1145746 0 8530 8530 0 0 0 888308 888308 27871 13428 14443 201421 92219 109202 232488 232488 0 1465781 1416300 49481 15372 15372 0 5163 5163 3504562 3504562 0 2281825 2281825 345262 345262 FOOD 865444 865444 BLDG MAINT 571498 571498 MEDICAL SUPPLIES 437807 437807 MISCELLANEOUS 389144 99977 289167 171087 171087 25119887 21992997 3126890 0 0 30899919 34812163 0 580293 874287 0 0 0 0 59500 71742 81830780 35135143 48107700 46695637 0 12751190 12336860 0 944108 904385 1 0 93342711 95695074 3473322 3674174 67901378 66209715 22869930 22723663 1825550 1629960 96070180 94237512 X -4521252 -336221 1793783 1793783 -2727469 1457562 93342711 95695074 X 3872666 312365 X false true X true false X 262954 580400 183831 415235 1038194 2480614 21782373 22309145 22818096 24486604 26535439 117931657 -3865 657 352510 384712 398286 1132300 0 0 22041462 22890202 23354437 25286551 27971919 121544571 0 0 121544571 426605 183971 -370120 571635 990517 1802608 0 426605 183971 -370120 571635 990517 1802608 0 385333 433371 47121 42264 36744 944833 22853400 23507544 23031438 25900450 28999180 124292012 0.97790 0.97660 0.01450 0.01130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 1600716 62500 75897 1587319 1607560 62500 69344 1600716 1605893 57292 55625 1607560 1610744 62500 67351 1605893 1609081 62500 60837 1610744 false false false 13204741 13204741 62861467 31333954 31527513 3962608 3142206 820402 1491720 658983 832737 310244 310244 46695637 12336860 DUE TO AFFILIATES 1289304 EXTENDED CARE LIABILITY 20476 SWAP MARK TO MARKET 320180 1629960 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. true 0 0 SCHOLARSHIPS 29 25300 FMV Additional Supplemental Information SCHEDULE I, PART I, LINE 2: INDIVIDUAL SCHOLARSHIP RECIPIENTS MUST BE EMPLOYED BY PHS FOR AT LEAST THREE MONTHS, WORK AN AVERAGE OF 10 HOURS A WEEK, MAINTAIN AN EXCELLENT WORK RECORD, PROVIDE PROOF OF ACCEPTANCE OR ENROLLMENT IN A DEGREED PROGRAM, RECEIVE THE ENDORSEMENT OF THEIR MANAGER, CAMPUS ADMINISTRATOR, AND BY THEIR HUMAN RESOURCES REPRESENTATIVE. false false false false false false false false false DAN LINDH BOARD CHAIR/CEO 1034206 29391 15000 11250 1089847 DANIEL ERICKSON CAMPUS ADMIN 158941 605 8284 16918 184748 JONATHAN FLETCHER VP DEVELOPMENT 379729 355 13293 15287 408664 MARK MEYER SEC/TREAS/CFO 453089 26011 15000 6646 500746 MARK PEDERSON BRD VICE CHAIR 272556 1025 11375 10479 295435 A CITY OF NORTH OAKS MN 410883077 66126TBB1 2016-10-27 77046632 REFINANCE SERIES 2007 false false false A 11246632 77046632 2372952 75841921 1204711 false true false true A false false false false true A false false false true false false false true A true Part VI SCHEDULE K, PART IV, LINE 2(C):REBATE COMPUTATION WAS PERFORMED 10/1/2022 Form 990, Part VI, Section A, Line 3 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, Section A, Line 6 THE SOLE MEMBER OF THE ORGANIZATION IS PRESBYTERIAN HOMES & SERVICES. Form 990, Part VI, Section B, Line 11b PRIOR TO FILING WITH THE IRS, THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE GOVERNING BODY OF THE MEMBER THAT CONTROLS MANAGEMENT OF THE ORGANIZATION AND APPOINTS SOME OR ALL DIRECTORS TO THE ORGANIZATION. OFFICERS AND MANAGEMENT OF THE ORGANIZATION HAVE BEEN INVOLVED IN THE PREPARATION OF THE FORM 990 AND REMAIN ACCOUNTABLE TO THE GOVERNING BODY THROUGH REGULAR REVIEW OF FINANCIAL REPORTS AND RELATED INFORMATION. Form 990, Part VI, Section B, Line 12c 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, Section C, Line 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part XI, Line 9 INTEREST RATE SWAP MARKET ADJUSTMENT = $312365 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 true false true true false false false