Phs Monticello INC

Tax-deductible

Roseville, MN501(c)(3)Since 2002HousingEIN 41-1819439Revenue $933K in FY2024

On file with the IRSpreshomes.org2845 Hamline Ave N, 55113-1888 · Roseville, MNTax-exempt since Jun 1995Publicly supported — 509(a)(2)

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The mission of the organization is to honor god by enriching the lives and touching the hearts of older adults.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 42 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $153K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$933K
+3% vs prior year
Spent
$733K
To programs
70%
Net assets
$955K
By yearFY2020–FY2024
Revenue
$933K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$719K
FY2021$742K
FY2022$764K
FY2023$847K
FY2024$903K
FY2024$933K
Expenses
$733K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$614K
FY2021$624K
FY2022$636K
FY2023$654K
FY2024$683K
FY2024$733K
Net assets
$955K
FY2024▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$215K
FY2022$342K
FY2023$535K
FY2024$755K
FY2024$955K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $510K Management & general 30% · $223K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair/CEO
$0Pt VII · Sec A
Sec/Treas/CFO
$0Pt VII · Sec A
Board Chair/CEO
$0Pt VII · Sec A
VP Human Resources
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
SVP Operations
$0Pt VII · Sec A
See Phs Monticello INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enriching lives and touching hearts of older adults to honor God.

Provided by the organization

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1 program · $510K · in their own filed words · FY2024
01

PHS monticello, inc. Is located in monticello, minnesota and consists of a 49 unit independent senior apartments.

$510Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$933K
Ln 12
Fees for servicesLn 2g$881K
Other incomeLn 4–11$33K
Gifts and grantsLn 1h$10K
Money outPt IX
$733K
Ln 25
Programscol B$510K
Managementcol C$223K
Owns and owesPt X
$955K
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.8M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$881K
Investment incomeLn 3$8K
Other incomeLn 4–11$33K
Gains on assetsLn 7$0
Total revenueLn 12$933K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$610K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$0
Total assetsLn 16$3.8M
LiabilitiesLn 26$2.8M
Net assetsLn 32$955K
OperationsPt I, VI
EmployeesI 50
VolunteersI 642
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$1.7M
InvestmentsLn 11–13$585K$610K
Land, buildings, equipmentLn 10c$1.3M$1.4M
Total assetsLn 16$3.2M$3.8M
LiabilitiesLn 26$2.4M$2.8M
Net assetsLn 32$755K$955K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$108K$41K$68K
Pension plan contributionsLn 8$3K$1K$2K
Other employee benefitsLn 9$16K$6K$10K
Payroll taxesLn 10$7K$3K$5K
Management feesLn 11a$44K$44K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$21K$21K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$8K$321$7K
Information technologyLn 14$13K$13K
RoyaltiesLn 15$0
OccupancyLn 16$147K$128K$18K
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$87K$87K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$152K$152K
InsuranceLn 23$43K$43K
Other expenses (24a–d)Ln 24$72K$61K$11K
All other expensesLn 24e$0
Total functional expensesLn 25$733K$510K$223K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $903K$683K$220K$755K 990 PDF
FY2023 $847K$654K$193K$535K 990 PDF
FY2022 $764K$636K$128K$342K 990 PDF
FY2021 $742K$624K$118K$215K 990 PDF
FY2020 $719K$614K$106K$96K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $933,033 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,525$10,497
I-9 Program service revenuePrior year $851,850$881,295
I-10 Investment incomePrior year $9,751$7,798
I-11 Other revenuePrior year $21,570$33,443
I-12 Total revenuePrior year $902,696$933,033
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $132,235$134,646
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $550,674$598,259
I-18 Total expensesPrior year $682,909$732,905
I-19 Revenue less expensesPrior year $219,787$200,128
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $933,033 across 10 lines filed
VIII-1d Related organizations$10,497
VIII-1h Total contributions, gifts and grants$10,497
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $881,295$881,295
VIII-3 Investment incomeExcluded from tax $7,798$7,798
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $33,443$33,443
VIII-12 Total revenueRelated to mission $881,295 · Excluded from tax $41,241$933,033
Part IX · Statement of functional expenses $732,905 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $40,507 · Management $67,824$108,331
IX-8 Pension plan contributionsPrograms $1,268 · Management $2,123$3,391
IX-9 Other employee benefitsPrograms $5,835 · Management $9,771$15,606
IX-10 Payroll taxesPrograms $2,736 · Management $4,582$7,318
IX-11a Management feesManagement $44,352$44,352
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $21,485$21,485
IX-12 Advertising and promotionManagement $1,243$1,243
IX-13 Office expensesPrograms $321 · Management $7,277$7,598
IX-14 Information technologyManagement $12,980$12,980
IX-15 Royalties$0
IX-16 OccupancyPrograms $128,474 · Management $18,374$146,848
IX-17 TravelPrograms $9,198$9,198
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $86,721$86,721
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $152,200$152,200
IX-23 InsuranceManagement $43,244$43,244
IX-24 Other expenses (24a–d)Programs $61,332 · Management $11,058$72,390
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $510,077 · Management $222,828 · Fundraising $0$732,905
Part X · Balance sheet $3,775,201 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $1,254,814$1,665,264
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year −$4,729−$3,100
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $28,269$28,610
X-10c Land, buildings and equipment, netStart of year $1,285,748$1,447,017
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $584,675$610,443
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $30,144$26,967
X-15 Other assets$0
X-16 Total assetsStart of year $3,178,921$3,775,201
X-17 Accounts payable and accrued expensesStart of year $74,617$83,397
X-20 Tax-exempt bond liabilitiesStart of year $2,162,722$2,087,512
X-25 Other liabilitiesStart of year $186,859$649,441
X-26 Total liabilitiesStart of year $2,424,198$2,820,350
X-27 Net assets without donor restrictionsStart of year $754,723$954,851
X-32 Total net assets or fund balancesStart of year $754,723$954,851
X-33 Total liabilities and net assetsStart of year $3,178,921$3,775,201
Part XI · Reconciliation of net assets $954,851 net assets at year end
XI-1 Total revenue$933,033
XI-2 Total expenses$732,905
XI-3 Revenue less expenses$200,128
XI-4 Net assets at start of year$754,723
XI-10 Net assets at end of year$954,851

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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