2024-08-14T08:57:34-07:00 2023-09-30 990 2022-10-01 462904490 PHS INTERLUDE FRIDLEY LLC PHSI 6516316162 2845 N HAMLINE AVE ROSEVILLE MN 55113 MARK MEYER CFO 2024-08-14 true 2022 2024-08-08 14:25:15Z MARK MEYER 2845 N HAMLINE AVE ROSEVILLE MN 55113 236907 false X WWW.PRESHOMES.ORG X 2013 MN TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. X 4 1 0 1 0 4805 244657 8744148 -17460 -76966 -7996 31524 17706 8703511 236907 4647 0 0 5862856 -15676 0 0 3669514 252583 9537017 236907 -833506 0 14048892 0 15178566 0 -1129674 0 X TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS. false true 179563 -17460 THE ORGANIZATION OPERATED A 50 BED TRANSITIONAL CARE SKILLED NURSING FACILITY IN FRIDLEY, MINNESOTA. DURING THE YEAR, PRESBYTERIAN HOMES AND SERVICES SOLD ITS INTEREST IN INTERLUDE RESTORATIVE SUITES TO ALLINA HEALTH. 179563 true true false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false true 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 1 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 836839 25618 MARK MEYER SEC/TREAS/CFO 1.00 39.00 X X 0 449215 29663 JONATHAN FLETCHER VP DEVELOPMENT 1.00 39.00 0 358151 25188 DUANE LARSON VICE CHAIR 1.00 39.00 X X 0 329917 21874 TERESA LARSON SVP HUMAN RESOURCES 1.00 39.00 0 153546 10011 EMILY DOWNING BOARD MEMBER 1.00 0.00 X 0 0 0 2127668 112354 0 false true false 0 244657 244657 TRANSITIONAL CARE 623000 -17460 -17460 -17460 -7996 -7996 0 0 0 0 0 0 0 CULINARY INCOME 722320 30 30 OTHER INCOME 900099 17676 17676 17706 236907 -17460 9710 0 0 0 0 0 0 -23821 -23948 127 -459 -461 2 5374 5403 -29 3230 3247 -17 0 1202 1202 4925 4925 0 0 0 14859 14859 365 365 18816 250 18566 0 0 19092 17951 1141 0 0 0 60164 60164 0 52035 52035 26343 26343 MA SURCHARGE 23458 23458 MEDICAL SUPPLIES 23201 23201 MISCELLANEOUS 4719 4719 BLDG MAINT 4178 4178 -774 -774 236907 179563 57344 0 689957 0 0 0 521716 0 0 0 0 0 7574 0 10372542 0 0 1207546 0 0 248799 0 1000758 0 14048892 0 1976775 11752738 1449053 15178566 0 X -1129674 -1129674 0 14048892 0 X 0 1129674 X false true X true false X 1464128 1214227 4805 244657 2927817 9514287 7245952 7092399 8744148 32596786 5750 1250 750 3000 10750 0 0 9520037 8711330 8307376 8751953 244657 35535353 0 0 35535353 41470 34830 35835 -76966 35169 0 41470 34830 35835 -76966 35169 0 19089 17869 32719 28524 17706 115907 9580596 8764029 8375930 8703511 262363 35686429 0.99580 0.99650 0.00100 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X Part X : FIN48 Footnote PART X. LINE 2: 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. false false false false false false false false false DAN LINDH BOARD CHAIR/CEO 813148 23691 14750 10868 862457 DUANE LARSON VICE CHAIR 308632 21285 14750 7124 351791 JONATHAN FLETCHER VP DEVELOPMENT 351146 7005 12702 12486 383339 MARK MEYER SEC/TREAS/CFO 425562 23653 14750 14913 478878 TERESA LARSON SVP HUMAN RESOURCES 145510 8036 7695 2316 163557 BUILDING 2022-11-10 10302202 BOOK VALUE 363261413 2925 CHICAGO AVENUE MINNEAPOLIS MN 55407 501(C)(3) false true false false true true false true true true Part I & 2, Line 2e - Name and Explanation for Involvement in Successor EMILY DOWNING, BOARD MEMBER, IS AN EMPLOYED PHYSICIAN OF ALLINA HEALTH. Part I, Line 6c - Bond Liabilities Discharged, Defeased, or Settled THE OUTSTANDING BONDS WERE DEFEASED IN ACCORDANCE WITH THE ASSET PURCHASE AND SALE AGREEMENT. THE PURCHASE PRICE WILL BE APPLIED AFTER APPLICATION OF ALL AVAILABLE FUNDS HELD UNDER THE INDENTURE WHICH SECURES THE BONDS TO DEFEASE THE BONDS. BOND COUNSEL ISSUED A LETTER OPINING THAT THE DEFEASANCE IS VALID, PERMISSIBLE, AND CONSISTENT WITH THE INDENTURE AND OTHER BINDING AGREEMENTS RELATING TO THE BONDS AND APPLICABLE STATE LAW. Form 990, Part III, Line 3 IN NOVEMBER 2022, PRESBYTERIAN HOMES AND SERVICES SOLD ITS INTEREST IN INTERLUDE RESTORATIVE SUITES TO ALLINA HEALTH. Form 990, Part VI, Section A, Line 3 THE ORGANIZATION CONTRACTS WITH PHS MANAGEMENT, LLC, A RELATED ORGANIZATION, FOR 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 PRESBYTERIAN HOMES CARE CENTERS, INC. AND ALLINA ARE THE TWO MEMBERS OF PHS INTERLUDE FRIDLEY, LLC. Form 990, Part VI, Section B, Line 11b 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, 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 SALE OF OPERATIONS TO ALLINA HEALTH = $1129674 FORM 990, PART VII, SECTION A SHARING OF HOURSOFFICERS & KEY EMPLOYEES SHARE THEIR HOURS BETWEEN THE FILING ORGANIZATION AND ITS RELATED ORGANIZATIONS. Schedule N Part 1 Schedule N Part 1 Board Resolution for disposition of assets SEE ATTACHEMENT FOR SCH R 2845 N HAMLINE AVE ROSEVILLE MN 55113 N/A false false false true false false false false false false false false false true false true false false false false