2024-05-03T07:12:47-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 621691489 Governmental and Educational Assistance Corporation GOVE 9528370542 11180 Zealand Ave N Champlin MN 55316 Dewey Pettit Chief Financial Officer 9528370542 2024-05-01 1 Dewey Pettit 999009999 1 Heidi Sachs P01273512 6122536500 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Vista Prairie Communities James E Bettendorf 11180 Zealand Ave N Champlin MN 55316 38675988 0 X www.vistaprairie.org X 1997 AR Transform lives, providing compassionate care and joy-filled environments. 6 6 888 65 0 0 1123958 373199 32600822 35972047 10728 208941 3496747 2121801 37232255 38675988 0 0 0 0 17827649 20097602 0 0 0 16429613 16548907 34257262 36646509 2974993 2029479 73286933 70356688 70421266 65469554 2865667 4887134 X We engage our employees to help older adults attain exceptional lifestyles, while practicing responsible stewardship of our resources. Our five core values are: Caring, Respect, Collaboration, Innovation, and Stewardship. 0 1 29651785 35972047 Vista Prairie Communities (VPC) served over 900 residents and employed a staff of over 500 in FY2023. The organization owned nine facilities, providing services in senior assisted living, independent living and memory care housing. VPC's locations are in four states: Minnesota, Iowa, Ohio and Wisconsin. Vista Prairie directly managed all of the locations except for Ohio.(Continued on Schedule O)VPC was incorporated in 1997 as a nonprofit organization for charitable purposes under its original name Governmental & Educational Assistance Corporation. In 2023, we provided $3.2 million in charitable support to qualifying residents in various public assistance programs. VPC is dedicated to the highest possible quality, striving to provide innovative and relevant services through collaborative partnerships; making a significant difference in the lives of those we serve and their loved ones. For more information, visit www.vistaprairie.org.The Vision of Vista Prairie Communities is to continually evolve to enrich the lives of those we are called to serve and to meet the growing needs of the greater community. Vista Prairie at Brentwood operates a 47-unit assisted living senior housing facility offering assisted living and memory care and located in Rice Lake, Wisconsin. Vista Prairie at Fieldcrest operates an 81-unit assisted living senior housing facility offering assisted living and memory care and located in Sheldon, Iowa. Vista Prairie at Garnette Gardens operates an 87-unit senior living housing facility offering assisted living and memory care located in Redwood Falls, Minnesota. Vista Prairie at Goldfinch Estates operates a 133-unit senior housing facility that includes assisted living and a memory care facility in Fairmont, Minnesota. Vista Prairie at Monarch Meadows operates a 100-unit senior housing facility providing assisted living and care suites located in North Mankato, Minnesota. Vista Prairie at Copperleaf operates an 86-unit senior living facility offering assisted living and memory care in Willmar, Minnesota. Vista Prairie at Windmill Ponds operates a 65-unit assisted living facility located in Alexandria, Minnesota. Emerald Village operates a 100-unit independent senior living and 30-unit assisted living campus located in North Olmsted, Ohio.We are pleased to report Program Service Accomplishments in three of the components of our stewardship strategic priority, amid a productive year of service. Future stability and growth - Vista Prairie provided investments of over $4.5 million in renovation projects at three locations. Reinvesting in our current service locations allows us to better serve those communities and to protect the core of our mission.Exceptional Care - Vista Prairie developed and launched its Aspire Life on Purpose lifestyle model with the goal to enhance the lives our residents by helping them connect to their purpose.Stewardship - We surpassed our budgeted operating margin for the year, thanks to successful efforts to build occupancy and through careful cost control. This financial security enabled our communities to provide compassionate care in joy-filled environments. 29651785 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 150 0 1 888 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X Dewey Pettit 9528370540 11180 Zealand Ave N Champlin MN 55316 Denice Jasper Vice Chair 3.00 X X 31500 0 0 Jean Bey Secretary 3.00 X X 30500 0 0 Jim Ehrenberg Treasurer 3.00 X X 31500 0 0 Morris E Knopf Chair 3.00 X X 32500 0 0 Rose Agnew Director 3.00 X 29500 0 0 William Green Director 3.00 X 29500 0 0 Anne Petersmeyer COO 40.00 X 209557 0 7616 Dewey Pettit CFO 40.00 X 221782 0 20217 James E Bettendorf Chief Executive Officer 40.00 X 349338 0 41407 Scott Hamman CAO 40.00 X 178873 0 42950 Calvin Diekmann Executive Director 40.00 X 101466 0 11425 Jeff Smith VP of External Relations 40.00 X 144795 0 28667 Jennifer Marcus Executive Director 40.00 X 107033 0 4024 Melissa Plachecki Organizational Director, Health Care 40.00 X 122617 0 15044 Reed Mainquist Controller 40.00 X 120662 0 18490 1741123 0 189840 9 0 1 0 GrapeTree Medical Staffing PO Box 5340 Sioux Falls SD 57117 Temp Staffing 566435 Senior Care Solutions PO Box 2283 Stillwater MN 55082 Temp Staffing 410516 SlashBlue LLC 1200 Red Fox Road Arden Hills MN 55112 IT Service Provider 392205 St Augustine Manor 7801 Detroit Ave Cleveland OH 44102 Property Management 313923 Quadrant Office Building Property Group PO Box 6243 Hicksville NY 11802 Property Management (SO Building) 169215 12 373199 373199 Resident Rent & Service Income 623000 35396233 35396233 575814 575814 35972047 208941 208941 Loss from Discontinued Operations 900099 1994970 1994970 Gain from insurance settlement 900099 126831 126831 2121801 38675988 35972047 0 2330742 X 1302901 1302901 15324364 13139046 2185318 169904 162569 7335 1998884 1616728 382156 1301549 1022522 279027 206672 206672 79634 79634 159707 159707 3983707 2877732 1105975 350654 350654 923952 815002 108950 2140546 2045133 95413 95653 95653 2788863 2742899 45964 2621846 2498235 123611 387160 331542 55618 Food Expense 1905687 1905687 Bad Debt Expense 28563 28563 876263 494690 381573 36646509 29651785 6994724 0 13566819 15206076 4564095 1070177 766449 927008 86356691 38190363 48236503 48166328 4184489 3283247 1968578 1703852 73286933 70356688 3432623 2451098 100000 38292902 28413354 26607965 32863879 1987776 1741223 70421266 65469554 X 2855667 4588430 10000 298704 2865667 4887134 73286933 70356688 X 2029479 -8012 X 0 1 X 1 0 X 37204 3088352 1123958 373199 4622713 28784481 28861053 29676571 36097569 35972047 159391721 28784481 28898257 32764923 37221527 36345246 164014434 0 0 0 164014434 27255 41468 28275 10728 208941 316667 27255 41468 28275 10728 208941 316667 126831 126831 28811736 28939725 32793198 37232255 36681018 164457932 0.99730 0.99920 0.00190 0.00080 X Schedule A, Part III, Line 12, Explanation of Other Income: Gain from Insurance Settlement - 2022 Amount: $ 126,831. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1641895 1641895 73599034 31584041 42014993 8209684 6224123 1985561 2906078 382199 2523879 48166328 Security deposits 265687 Operating Lease 1475536 1741223 X Part X, Line 2: The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. X X 0 0 0 0 0 0 0 1 0 James E Bettendorf Chief Executive Officer 304338 0 45000 0 0 0 12174 0 30880 0 392392 0 0 0 Dewey Pettit CFO 209782 0 12000 0 0 0 7844 0 13981 0 243607 0 0 0 Scott Hamman CAO 166873 0 12000 0 0 0 7133 0 37438 0 223444 0 0 0 Anne Petersmeyer COO 197557 0 12000 0 0 0 7616 0 1627 0 218800 0 0 0 Jeff Smith VP of External Relations 136795 0 8000 0 0 0 0 0 30240 0 175035 0 0 0 Part I, Line 7 The bonuses for Executive Team were discretionary based on their performance, issues faced and resolved during the prior year, and the financial situation of Vista Prairie Communities and its affiliates. In addition, an informal review was done with consultants regarding compensation issues for 501(c)(3) organizations and certain published surveys. A City of North Mankato MN 416005423 000000000 2014-11-12 7155000 Refinance debt issued 4/22/2005 0 0 0 B Cleveland-Cuyahoga County Port Authority OH 341029691 186103HF7 2014-11-18 14975710 Refinance of senior housing, assisted living & memory care issued 6/8/2006 0 0 0 C City of Fairmont Minnesota 416005147 000000000 2015-05-21 5000000 Refinance bonds issued 5/1/2012 0 0 0 D City of Sherburn Minnesota 416005541 000000000 2015-05-21 5229000 Refinance bonds issued 5/1/2012 0 0 0 A 1352760 7155000 143100 7011900 2014 1 0 1 1 B 3679175 14975710 103175 299514 14573021 2014 1 0 1 1 C 971758 5000000 100000 4900000 2015 1 0 1 1 D 1016322 5229000 104580 114 5124306 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A Lakes Area Economic Development Authority 200299143 000000000 2014-07-17 5280000 Refund bonds issued 7/20/05 with building remodel 0 0 0 A 1405877 5280000 105600 652821 4521579 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 Form 990, Part III, line 3 River Heights Assisted Living sold on July 29, 2022 Form 990, Part VI, Section A, line 3 Emerald Village-GEAC, LLC, entered into a management agreement with St. Augustine Manor, an Ohio nonprofit corporation, to provide management services. The amount paid during the year ended June 30, 2023 was $206,672. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The organization's CEO reviews the draft Form 990. In addition, a copy of the draft Form 990 is provided to the full board prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers the board members and officers of the organization. The President and Chair review potential conflicts. If an individual has a conflict they may participate in discussions, but must remove themselves during voting. Form 990, Part VI, Section B, line 15a Compensation for the Chief Executive Officer is determined by the Board of Directors. Compensation for the Chief Financial Officer is determined by the Chief Executive Officer. The compensation for meetings and special activities or services for the Board of Directors is determined by the Board of Directors. Comparability data, including an analysis and review of special services and activities performed by Directors and market rates for the performance of such services and activities, is used to determine board compensation as well as officer compensation and the process is documented. 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 IX, line 11g Professional Services: Program service expenses 301,466. Management and general expenses 718,058. Fundraising expenses 0. Total expenses 1,019,524. Purchased Services: Program service expenses 1,781,841. Management and general expenses 385,049. Fundraising expenses 0. Total expenses 2,166,890. Maintenance and Repairs: Program service expenses 794,425. Management and general expenses 2,868. Fundraising expenses 0. Total expenses 797,293. Form 990, Part XI, line 9: Loss on refinancing of debt -82,928. Change in net assets for discontinued operations 74,916. Monarch Meadows-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411970657 Assisted living MN 4475315 4308513 Vista Prairie Communities Fieldcrest-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 421519910 Assisted living IA 3931815 6740065 Vista Prairie Communities Garnette Gardens-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411980868 Assisted living MN 4783633 6510998 Vista Prairie Communities St Clarence-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 202586088 Assisted living OH 4247714 11059517 Vista Prairie Communities Windmill Ponds-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411964961 Assisted living MN 3024168 3776497 Vista Prairie Communities Goldfinch Estates-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412020934 Assisted living MN 7149371 10513632 Vista Prairie Communities River Heights Assisted Living 11180 Zealand Avenue N Champlin MN 55316 411922184 Assisted living MN 0 0 Vista Prairie Communities Copperleaf-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412013671 Assisted living MN 5113748 8128157 Vista Prairie Communities Vista Prairie Management LLC 11180 Zealand Avenue N Champlin MN 55316 451206462 Management Company MN 2064937 0 Vista Prairie Communities Vista Prairie at Brentwood LLC 11180 Zealand Avenue N Champlin MN 55316 850679000 Assisted living WI 3185897 6480556 Vista Prairie Communities