2025-08-12T09:52:14-07:00 2024-09-30 990 2023-10-01 831842463 BVM-PHS SENIOR HOUSING INC BVM- 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO/TREASURER 2025-08-12 true 2023 2025-03-06 01:10:19Z JONATHAN FLETCHER 18289482 false X WWW.PRESHOMES.ORG X 2018 IA TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. 4 4 0 71 0 1120409 644237 12723930 17250329 16415 23684 249296 370886 14110050 18289136 7283 11235 0 7293887 8511969 0 0 8348082 10626087 15649252 19149291 -1539202 -860155 91987522 91477588 84447029 81797250 7540493 9680338 TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false false 16663836 11235 17250329 THE ORGANIZATION IS LOCATED IN DUBUQUE IOWA. PHASE I OF THE PROJECT CONSISTS OF 21 APARTMENTS THAT ARE MEMORY CARE ASSISTED LIVING AND 40 TRADITIONAL ASSISTED LIVING APARTMENTS. THE CAMPUS ALSO HAS 60 SKILLED NURING FACILITY BEDS. PHASE II OPENED IN FEBRUARY 2023 AND ADDED 116 INDEPENDENT LIVING APARTMENTS. 16663836 true true false false false false false false true false true false false false true true true false 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 false 0 false false false false false false false 0 false false false false false false false X 4 4 false true false false true true true 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 CEO/BD MEMBER 1.00 39.00 X X 0 1063597 26250 MARK MEYER CFO/TREASURER 1.00 39.00 X X 0 479100 21646 JON FLETCHER VP-DEVELOPMENT 1.00 39.00 0 380084 28580 MARK PEDERSON SVP, SITE OPERATIONS 1.00 39.00 0 273581 21854 SARAH RENTZ CAMPUS ADMIN 40.00 0.00 106748 0 15753 KATIE HUNTINGTON CLINICAL ADMIN 40.00 0.00 106317 0 11124 LADONNA MANTERNACH BOARD CHAIR 0.00 0.00 X X 0 0 0 ALAN STACHE BOARD SECRETARY 0.00 0.00 X X 0 0 0 213065 2196362 125207 2 false true false CONLON CONSTRUCTION 501 BELL STREET SUITE 402 DUBUQUE IA 52001 CONSTRUCTION SERVICES 945933 GOLF GREEN LAWNCARE 36131 W 76TH STREET SUITE 6 DAVENPORT IA 52806 LAWNCARE SERVICES 198058 PHS MANAGEMENT LLC 2845 HAMLINE AVE N ROSEVILLE MN 55113 MANAGEMENT FEES 746001 TOTALITY STAFFING & CONSULTING 5900 SARAOTA ROAD SUITE 11 ASBURY IA 52002 TEMP STAFFING 157820 FUSION MEDICAL STAFFING LLC 18881 W DODGE STREET STE 300W ELKHORN NE 68022 TEMP STAFFING 102420 5 573016 71221 644237 SENIOR CARE SERVICES 623000 17250329 17250329 17250329 23684 23684 0 0 472 472 472 472 0 0 0 346 -346 -346 BEAUTY SHOP REVENUE 446199 116280 116280 CULINARY REVENUE 722210 113114 113114 MISCELLANEOUS 900099 81012 81012 60354 60354 370760 18289136 17250329 394570 0 11235 11235 0 0 0 0 6956499 6389360 567139 125584 115346 10238 916407 841696 74711 513479 471617 41862 746001 746001 5396 5396 16485 16485 0 0 0 542930 542174 756 53676 12645 41031 211090 124932 86158 173976 173976 0 936439 720813 215626 41221 41221 0 7077 7077 2850299 2850299 0 3156265 3156265 243135 243135 BUILDING - CONTRACTS/MAINT 591995 591995 FOOD 551250 551250 MISCELLANEOUS 262988 47 262941 MEDICAL SUPPLIES 235864 235864 0 19149291 16663836 2485455 0 0 3173723 4277778 0 1254634 1081145 0 0 0 0 13874 21233 92074112 7520563 86541818 84553549 0 124801 736393 0 878672 802405 5085 91987522 91477588 1253089 1407954 58536184 57355797 1043000 1066300 23614756 21967199 84447029 81797250 X 7540493 9680338 7540493 9680338 91987522 91477588 X -860155 3000000 X false true X false false X 160000 196536 1120409 644237 2121182 6180350 9223457 12723930 17250329 45378066 9353 289748 299101 0 0 6340350 9419993 13853692 18184314 47798349 0 940621 308761 1249382 940621 308761 1249382 46548967 105 1009 931 6204 24156 32405 0 105 1009 931 6204 24156 32405 0 79883 63642 135818 81012 360355 105 6421242 9484566 13995714 18289482 48191109 0.96590 0.94860 0.00070 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 3171031 3171031 78555773 5283267 73272506 2044326 224855 1819471 8302982 2012441 6290541 84553549 DEBT SERVICE RESERVE 535406 F DUE TO AFFILIATES 718314 SUBORDINATED NOTE PAYABLE 21248885 21967199 X 18289136 18289136 18289136 19149291 19149291 19149291 Part IV, Line 2b: Explanation of escrow account liability RESIDENT NOTES ARE REPORTED AS LONG TERM LIABILITY ON THE STATEMENTS OF FINANCIAL POSITION. THE RESIDENT NOTE IS REPAYABLE 120 DAYS AFTER MOVE OUT OF THE RESIDENT. THE DEPOSITS THAT ARE REPAYABLE AS A RESULT OF THE RESIDENT MOVING OUT WILL BE REPAID FROM THE PROCEEDS OF THE NEXT RESIDENT MOVING IN. 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 3 11235 FMV Additional Supplemental Information 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 CEO/BD MEMBER 1034206 29391 15000 11250 1089847 JON FLETCHER VP-DEVELOPMENT 379729 355 13293 15287 408664 MARK MEYER CFO/TREASURER 453089 26011 15000 6646 500746 MARK PEDERSON SVP, SITE OPERATIONS 272556 1025 11375 10479 295435 A CITY OF SAGEVILLE IOWA 421331024 2019-07-10 10000000 CONSTRUCITON false false false B DUBUQUE COUNTY IOWA 426004597 2019-07-10 10000000 CONSTRUCTION false false false C CITY OF ASHBURY IOWA 420999835 2019-07-10 5085000 CONSTRUCTION false false false D IOWA FINANCE AUTHORITY 521699886 2021-02-04 35515000 CONSTRUCTION false false false A 774248 10000000 10000000 false false true true B 773773 10000000 10000000 false false true true C 394309 5085000 5085000 false false true true D 548661 35515000 535406 514310 50001 34950689 false false false true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false true false false false false true B false false true false false false false true C false false true false false false false true D false false true false false false false true A true B true C true D true Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH PHS MANAGEMENT, LLC (AN AFFILIATE OF PHS), WHEREBY THEY HAVE AUTHORITY AND RESPONSIBILITY FOR THE GENERAL MANAGEMENT OF THE ORGANIZATION, INCLUDING PERSONNEL MANAGEMENT, OPERATING POLICIES, RESIDENT SERVICES, INSURANCE, MAINTENANCE, ACCOUNTING AND OTHER GENERAL MATTERS. Form 990, Part VI, Section A, Line 6 THE MEMBERS OF THE CORPORATION SHALL BE PRESBYTERIAN HOMES & SERVICES AND SISTERS OF CHARITY OF THE BLESSED VIRGIN MARY. Form 990, Part VI, Section A, Line 7a EACH MEMBER APPOINTS ONE HALF (1/2) OF THE TOTAL NUMBER OF BOARD MEMBERS. Form 990, Part VI, Section A, Line 7b THE CORPORATION MAY NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT RECEIVING UNANIMOUS MEMBER APPROVAL. (A)INCUR LONG-TERM DEBT;(B)MORTGAGE OR ENCUMBER ANY ASSETS OF THE CORPORATION;(C)SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS PROPERTY AND ASSETS;(D)VOLUNTARILY DISSOLVE;(E)PURCHASE OR ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY;(F)MERGE, CONSOLIDATE WITH ANY DOMESTIC OR FOREIGN ORGANIZATION OR LEASE OR SELL MORE THAN FIFTY PERCENT OF THE CORPORATION'S PROPERTY AND ASSETS TO ANY ENTITY IN ANY ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS;(G)PREPAY ANY INDEBTEDNESS PRIOR TO THE TIME FOR PAYMENT THEREOF AS PROVIDED IN THE CONTRACT EVIDENCING OR CREATING SUCH INDEBTEDNESS;(H)LOAN MONEY OR OTHER ASSETS TO OR GUARANTEE THE OBLIGATIONS OF ANY PERSON OR ENTITY;(I)SUBSTANTIALLY CHANGE THE PRESENT OR NOW INTENDED NATURE OF CORPORATION'S OPEARTIONS;(J)APPROVE ANY EXTRAORDINARY COMPENSATION OR BONUS TO ANY EMPLOYEE;(K)AMEND THE ARTICLES OF INCORPORATION OR BYLAWS;(L)APPROVE, EXTEND OR RENEW ANY CONTRACTS BETWEEN THE CORPORATION AND A MEMBER, OR AN AFFILIATE OF A MEMBER, OR MODIFY ANY SUCH CONTRACTS TO INCREASE THE AMOUNT PAID THEREUNDER BY MORE THAN TEN PERCENT; OR (M)ADMIT ADDITIONAL MEMBERS. Form 990, Part VI, Section B, Line 11b PRIOR TO FILING WITH THE IRS, THE ORGANIZATION'S FORM 990 IS PROVIDED 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 DISCLOSURES 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 ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 MEMBER CONTRIBUTION - BVM = $1500000 Form 990, Part XI, Line 9 MEMBER CONTRIBUTION - PHS = $1500000 FORM 990, PART VII, SECTION A SHARING OF HOURSOFFICERS & KEY EMPLOYEES SHARE THEIR HOURS BETWEEN THE FILING ORGANIZATION AND ITS RELATED ORGANIZATIONS. SISTERS OF CHARITY OF THE BLESSED VIRGIN 1100 CARMEL DR DUBUQUE IA 52003 420680320 SUPPORT CATHOLIC & SOCIETAL NEEDS IA 501(C)(3) 10 NA false PRESBYTERIAN HOMES AND SERVICES 2845 HAMLINE AVE N ROSEVILLE MN 55113 410758756 SENIOR HOUSING WITH SERVICES MN 501(C)(3) 10 NA false false false true false false false false false false false false false false false true true false false false