GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION (EIN 62-1691489)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-10
- IRS object ID
- 201821309349302057
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule J
- Schedule K
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-10T10:49:23-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 Nicollet Mall Ste 1300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554027033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621691489 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Governmental and Educational | BusinessNameLine1Txt |
| Business Name Line2 | Assistance Corporation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GOVE | BusinessNameControlTxt |
| Phone | 9528370540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7100 Northland Circle N No 200 | AddressLine1Txt |
| City | Brooklyn Park | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55428 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Deb Steinke | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 9528370540 | PhoneNum |
| Signature | 2018-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Deb Nelson CPA | PreparerPersonNm |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | PhoneNum |
| Preparation | 2018-05-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vista Prairie Communities | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | James E Bettendorf | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7100 Northland Circle N No 200 | AddressLine1Txt |
| City | Brooklyn Park | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55428 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $32,975,323 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.vistaprairie.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | Independent and assisted living and memory care services to elderly at varying abilities to pay. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 927 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $30,278,693 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $32,955,423 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,496 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,900 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,633,095 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $31,949,284 | PYTotalRevenueAmt |
| CY Total Revenue | $32,975,323 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,523,608 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,027,314 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,527,994 | PYOtherExpensesAmt |
| CY Other Expenses | $16,595,472 | CYOtherExpensesAmt |
| PY Total Expenses | $36,051,602 | PYTotalExpensesAmt |
| CY Total Expenses | $33,622,786 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$4,102,318 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$647,463 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $79,758,260 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,801,972 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $96,459,221 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $91,687,374 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$16,700,961 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$16,885,402 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Vista Prairie Communities is dedicated to serve those who entrust us with their lives, health and well-being. We transform lives by providing compassionate care and joy-filled environments in the communities we serve. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $25,033,206 | ExpenseAmt |
| Revenue | $32,955,423 | RevenueAmt |
| Desc | Vista Prairie Communities (VPC) has established single asset, limited liability companies (LLC's) that currently own twelve facilities that accommodate low-income residents, senior assisted living, independent living and memory care housing facilities,. VPC's facilities are located in three states: Minnesota, Iowa, and Ohio.Blue Ridge Apartments-GEAC, LLC, operates a 37-unit apartment complex located in Blue Earth, Minnesota. Parkview Terrace Apartments-GEAC, LLC, operates a 52-unit apartment complex located in St. Cloud, Minnesota. Fieldcrest-GEAC, LLC, operates a 81-unit assisted living senior housing facility located in Sheldon, Iowa. (Continued on Schedule O)Garnette Gardens-GEAC, LLC, operates an 86-unit senior living housing facility located in Redwood Falls, Minnesota. Goldfinch Estates-GEAC, LLC, operates a 134-unit senior housing facility that includes independent living and assisted living for the elderly and disabled persons and a memory care facility in Fairmont, Minnesota. Monarch Meadows-GEAC, LLC, operates a 100-unit senior housing facility providing independent living, assisted living and care suites located in North Mankato, Minnesota. Keelson Harbour-GEAC, LLC, operates a 64-unit senior housing facility providing assisted living and memory care located in Spirit Lake, Iowa. Copperleaf-GEAC, LLC, operates an 82-unit senior living facility in Willmar, Minnesota. Manor House-GEAC, LLC, operates a 92-unit assisted living facility and a 20-unit memory care facility located in Grand Rapids, Minnesota. Windmill Ponds-GEAC, LLC, operates a 65-unit congregate care, senior independent living and assisted living facility located in Alexandria, Minnesota. River Heights Assisted Living, LLC, operates a 60-unit assisted living and memory care facility for the housing and care of elderly persons in South Saint Paul, Minnesota. Emerald Village-GEAC, LLC, operates a 100-unit independent senior living and 30-unit assisted living campus located in North Olmsted, Ohio. | Desc |
| Total Program Service Expenses | $25,033,206 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 192 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 927 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deb Steinke | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9528370540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7100 Northland Circle N Suite 200 | AddressLine1Txt |
| City | Brooklyn Park | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55428 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Morris E Knopf | ||||||
| Chair | 3.00 | Yes (X) | Yes (X) | $17,896 | $0 | $0 |
| Denice Jasper | ||||||
| Vice Chair | 3.00 | Yes (X) | Yes (X) | $18,590 | $0 | $0 |
| Jim Ehrenberg | ||||||
| Treasurer | 3.00 | Yes (X) | Yes (X) | $17,622 | $0 | $0 |
| Nancy Einan | ||||||
| Secretary | 3.00 | Yes (X) | Yes (X) | $16,042 | $0 | $0 |
| Jean Bey | ||||||
| Director | 3.00 | Yes (X) | $17,315 | $0 | $0 | |
| James E Bettendorf | ||||||
| Chief Executive Officer | 40.00 | Yes (X) | $202,593 | $0 | $18,074 | |
| Deb Steinke | ||||||
| Chief Financial Officer | 40.00 | Yes (X) | $134,685 | $0 | $9,616 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $424,743 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $27,690 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GrapeTree Medical | |||||
| 1003 23rd Street | Milford | IA | 51351 | Temp Staffing | $233,162 |
| St Augustine Manor | |||||
| 7801 Detroit Ave | Cleveland | OH | 44102 | Property Management | $202,538 |
| SlashBlue | |||||
| 1200 Red Fox Road | Arden Hills | MN | 55112 | IT Service Provider | $158,612 |
| Zellner | |||||
| 522 Hackmore Drive | St Paul | MN | 55123 | Temp Staffing | $156,699 |
| ADP LLC | |||||
| PO Box 842875 | Boston | MA | 02284 | Payroll Processing | $137,874 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Resident Rent & Service Income | Desc |
| Business | 623000 | BusinessCd |
| Total Revenue Column | $32,222,511 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,222,511 | RelatedOrExemptFuncIncomeAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $732,912 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $732,912 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $32,955,423 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,900 | TotalRevenueColumnAmt |
| Exclusion | $19,900 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,975,323 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,955,423 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,900 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $473,813 | TotalAmt |
| Management And General | $473,813 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,053,135 | TotalAmt |
| Program Services | $10,631,818 | ProgramServicesAmt |
| Management And General | $2,421,317 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,952 | TotalAmt |
| Program Services | $17,561 | ProgramServicesAmt |
| Management And General | $205,391 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,267,626 | TotalAmt |
| Program Services | $247,083 | ProgramServicesAmt |
| Management And General | $2,020,543 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,009,788 | TotalAmt |
| Program Services | $61,640 | ProgramServicesAmt |
| Management And General | $948,148 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,155 | TotalAmt |
| Management And General | $63,155 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,243 | TotalAmt |
| Management And General | $124,243 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,275 | TotalAmt |
| Management And General | $249,275 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $928,130 | TotalAmt |
| Program Services | $880,366 | ProgramServicesAmt |
| Management And General | $47,764 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $256,977 | TotalAmt |
| Management And General | $256,977 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073,450 | TotalAmt |
| Program Services | $610,593 | ProgramServicesAmt |
| Management And General | $462,857 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,982 | TotalAmt |
| Management And General | $335,982 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,839,406 | TotalAmt |
| Program Services | $2,631,389 | ProgramServicesAmt |
| Management And General | $208,017 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,965 | TotalAmt |
| Program Services | $81,832 | ProgramServicesAmt |
| Management And General | $81,133 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,435 | TotalAmt |
| Program Services | $45,713 | ProgramServicesAmt |
| Management And General | $125,722 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,909,381 | TotalAmt |
| Program Services | $3,909,381 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,290,739 | TotalAmt |
| Program Services | $3,290,739 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $395,780 | TotalAmt |
| Program Services | $395,780 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Food expense | $1,697,141 | $1,697,141 | |
| Bad debt expense | $544,178 | $544,178 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $553,235 | TotalAmt |
| Program Services | $532,170 | ProgramServicesAmt |
| Management And General | $21,065 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,622,786 | TotalAmt |
| Program Services | $25,033,206 | ProgramServicesAmt |
| Management And General | $8,589,580 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,600,224 | BOYAmt |
| EOY | $5,527,720 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,283,930 | BOYAmt |
| EOY | $1,544,474 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,186 | BOYAmt |
| EOY | $543,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $98,136,817 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,788,346 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,180,816 | BOYAmt |
| EOY | $64,348,471 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,586,104 | BOYAmt |
| EOY | $2,837,961 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,758,260 | BOYAmt |
| EOY | $74,801,972 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,312,315 | BOYAmt |
| EOY | $5,992,245 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,896,657 | BOYAmt |
| EOY | $83,835,679 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,290,835 | BOYAmt |
| EOY | $1,290,835 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $959,414 | BOYAmt |
| EOY | $568,615 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,459,221 | BOYAmt |
| EOY | $91,687,374 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$16,700,961 | BOYAmt |
| EOY | -$16,885,402 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$16,700,961 | BOYAmt |
| EOY | -$16,885,402 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,758,260 | BOYAmt |
| EOY | $74,801,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$647,463 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $463,022 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,351,602 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,286,657 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,948,854 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,278,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,955,423 | CurrentTaxYearAmt |
| Total | $151,821,229 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,351,602 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,286,657 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,948,854 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,278,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,955,423 | CurrentTaxYearAmt |
| Total | $151,821,229 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $151,821,229 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,579 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,723 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,496 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,900 | CurrentTaxYearAmt |
| Total | $188,338 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,579 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,723 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,496 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,900 | CurrentTaxYearAmt |
| Total | $188,338 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,631,134 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $1,633,095 | CurrentTaxYearMinus1YearAmt |
| Total | $3,264,229 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,385,242 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $29,965,370 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,998,577 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $31,949,284 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,975,323 | CurrentTaxYearAmt |
| Total | $155,273,796 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.97780 | PublicSupportCY509Pct |
| Public Support PY509 | 0.97950 | PublicSupportPY509Pct |
| Investment Income CY | 0.00120 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00150 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part III, Line 12, Explanation of Other Income: | FormAndLineReferenceDesc |
| Explanation | Gain on discontinued operations - 2013 Amount: $ 1,631,134. 2015 Amount: $ 1,633,095. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,129,841 | OtherCostOrOtherBasisAmt |
| Book Value | $2,129,841 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $87,984,377 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,664,689 | DepreciationAmt |
| Book Value | $60,319,688 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,323,447 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,733,878 | DepreciationAmt |
| Book Value | $1,589,569 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $699,152 | OtherCostOrOtherBasisAmt |
| Depreciation | $389,779 | DepreciationAmt |
| Book Value | $309,373 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,348,471 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Security deposits | $323,699 |
| Obligation under interest rate swap | $244,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $568,615 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | Vista Prairie has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Each of the controlled limited liability corporations maintains exempt status under Vista Prairies' exemption since Vista Prairie is the sole member of each entity. The Organization is required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS annually. In addition, the Organization is subject to income tax on any net income that is derived from business activities that are unrelated to their exempt purpose. 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James E Bettendorf | PersonNm |
| Title | Chief Executive Officer | TitleTxt |
| Base Compensation Filing Org | $190,093 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $12,500 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $14,250 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $3,824 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $220,667 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 7 | FormAndLineReferenceDesc |
| Explanation | The bonuses for Jim Bettendorf and Deb Steinke 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. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| City of Eveleth MN | ||||||||
| A | 416005140 | 299725BZ3 | 2006-10-02 | $11,073,142 | Acquisition of assisted living and memory care project | 0 | 0 | 0 |
| Dakota County Community Development Agency MN | ||||||||
| B | 411253302 | 2014-03-14 | $3,370,000 | Refinance bonds issued 2/26/09 | 0 | 0 | 0 | |
| City of Redwood Falls MN | ||||||||
| C | 416005484 | 2012-12-06 | $7,805,000 | Refinance bonds issued 12/23/09 for senior housing project | 0 | 0 | 0 | |
| City of North Mankato MN | ||||||||
| D | 416005423 | 2014-11-12 | $7,155,000 | Refinance debt issued 4/22/2005 | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,130,000 | $11,073,142 | $791,825 | $221,462 | $9,993,131 | $66,724 | 2006 | 0 | 0 | Yes (1) | Yes (1) |
| B | $3,370,000 | $11,673 | $3,358,327 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| C | $640,705 | $7,805,000 | $156,100 | $7,648,900 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| D | $7,155,000 | $143,100 | $7,011,900 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line2GICProviderName/BusinessNameLine2Txt | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Royal Bank of | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | Yes (1) | Canada | 10.000000000000 | Yes (1) | 0 | Yes (1) |
| (no name) | ||||||||||||
| B | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| C | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| D | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Date Rebate Computation Performed | FormAndLineReferenceDesc |
| Explanation | Issuer Name: City of Eveleth, MN Date the Rebate Computation was Performed: 12/27/2017 Issuer Name: City of Redwood Falls, MN Date the Rebate Computation was Performed: 12/06/2017 Issuer Name: O'Brien County, State of Iowa Date the Rebate Computation was Performed: 04/01/2017 Issuer Name: Cleveland-Cuyahoga County Port Authority, OH Date the Rebate Computation was Performed: 11/01/2017 Issuer Name: Housing and Redevelopment Authority of Willmar, MN Date the Rebate Computation was Performed: 06/30/2017 Issuer Name: City of Fairmont, Minnesota Date the Rebate Computation was Performed: 05/01/2017 Issuer Name: City of Sherburn, Minnesota Date the Rebate Computation was Performed: 05/01/2017 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd | CUSIPCUSIPNum |
|---|---|---|---|---|---|---|---|---|
| O'Brien County State of Iowa | ||||||||
| A | 426005134 | 2013-04-22 | $7,700,000 | Refund bonds issued 12/22/04 & capital expenditures Fieldcrest facility | 0 | 0 | 0 | |
| Cleveland-Cuyahoga County Port Authority OH | ||||||||
| B | 341029691 | 2014-11-18 | $14,975,710 | Refinance of senior housing, assisted living and memory care issued 6/8/2006 | 0 | 0 | 0 | 186103HF7 |
| Dickinson County IA | ||||||||
| C | 426005241 | 2014-02-28 | $5,000,000 | Building Addition | 0 | 0 | 0 | |
| Housing and Redevelopment Authority of Willmar MN | ||||||||
| D | 363617875 | 2015-10-28 | $8,647,000 | Refinance bonds issued 9/23/08 for senior housing project | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,185,206 | $7,700,000 | $32,183 | $154,000 | $3,738,253 | $3,807,747 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $1,860,916 | $14,975,710 | $299,514 | $14,573,021 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | $103,175 | ||
| C | $190,867 | $5,000,000 | $100,000 | $4,900,000 | 2015 | 0 | 0 | 0 | Yes (1) | |||
| D | $210,662 | $8,646,623 | $172,940 | $8,473,683 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| Huntington National | ||||||||||||
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | Bank | 0 | 0 |
| (no name) | ||||||||||||
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| D | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| City of Spirit Lake State of Iowa | |||||||
| A | 426005240 | 2014-02-28 | $6,500,000 | Refund prior issue dated December 21, 2006 | 0 | 0 | 0 |
| City of Fairmont Minnesota | |||||||
| B | 416005147 | 2015-05-21 | $5,000,000 | Refinance bonds issued 5/1/2012 | 0 | 0 | 0 |
| City of Sherburn Minnesota | |||||||
| C | 416005541 | 2015-05-21 | $5,229,000 | Refinance bonds issued 5/1/2012 | 0 | 0 | 0 |
| Lakes Area Economic Development Authority | |||||||
| D | 200299143 | 2014-07-17 | $5,280,000 | Refund bonds issued 7/20/05 with building remodel | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $467,608 | $6,500,000 | $130,000 | $6,370,000 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $46,536 | $5,000,000 | $100,000 | $4,900,000 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| C | $48,713 | $5,229,000 | $104,580 | $5,124,306 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) | $114 |
| D | $418,203 | $5,280,000 | $105,600 | $4,521,579 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) | $652,821 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 3 | Blue Ridge Apartments-GEAC, LLC and Parkview Terrace Apartments-GEAC, LLC each have an agreement with Brutger Equities, Inc. to provide management services. The amount paid during the year ended June 30, 2017 was $71,972. 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, 2017 was $202,538. |
| 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 and CFO review 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. The Board of Directors reviewed 990's of relevant, similar non-profit corporations and salary surveys. |
| 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: | Change in fair value of interest rate swap 463,022. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Blue Ridge Apartments-GEAC LLC | |||||||||
| 528 North Grant Street | Blue Earth | MN | 56013 | 411922168 | residence | MN | $239,582 | $511,941 | Vista Prairie Communities |
| Parkview Terrace-GEAC LLC | |||||||||
| 625 14th Street | St Cloud | MN | 56301 | 411922183 | residence | MN | $422,446 | $1,271,702 | Vista Prairie Communities |
| Monarch Meadows-GEAC LLC | |||||||||
| 2135 Lor Ray Drive | North Mankato | MN | 56003 | 411970657 | assisted living | MN | $3,574,106 | $5,768,427 | Vista Prairie Communities |
| Fieldcrest-GEAC LLC | |||||||||
| 2501 E 6th Street | Sheldon | IA | 51201 | 421519910 | assisted living | MN | $3,138,132 | $7,377,338 | Vista Prairie Communities |
| Garnett Gardens-GEAC LLC | |||||||||
| 511 South Dekald Street | Redwood Falls | MN | 56283 | 411980868 | assisted living | MN | $2,958,489 | $5,887,699 | Vista Prairie Communities |
| St Clarence-GEAC LLC | |||||||||
| 30344 Lorain Road | North Olmsted | OH | 44070 | 202586088 | assisted living | OH | $4,054,560 | $11,343,637 | Vista Prairie Communities |
| Windmill Ponds-GEAC LLC | |||||||||
| 715 Victor Street | Alexandria | MN | 56308 | 411964961 | assisted living | MN | $1,978,477 | $4,342,008 | Vista Prairie Communities |
| Goldfinch Estates-GEAC LLC | |||||||||
| 850 Goldfinch Street | Fairmont | MN | 56031 | 412020934 | assisted living | MN | $4,990,677 | $9,858,158 | Vista Prairie Communities |
| River Heights Assisted Living | |||||||||
| 744 19th Ave | South St Paul | MN | 55075 | 411922184 | assisted living | MN | $2,036,013 | $3,523,585 | Vista Prairie Communities |
| Manor House-GEAC LLC | |||||||||
| 722 North Pokegama Avenue | Grand Rapids | MN | 55730 | 411964913 | assisted living | MN | $3,244,715 | $4,867,859 | Vista Prairie Communities |
| Keelson Harbour-GEAC LLC | |||||||||
| 2810 Aurora Avenue | Spirit Lake | IA | 51360 | 205816670 | assisted living | IA | $2,555,873 | $10,469,295 | Vista Prairie Communities |
| Copperleaf-GEAC LLC | |||||||||
| 1550 1st Street North | Willmar | MN | 56201 | 412013671 | assisted living | MN | $3,471,384 | $7,342,330 | Vista Prairie Communities |
| Vista Prairie Management LLC | |||||||||
| 7900 Excelsior Boulevard Suite 250 | Hopkins | MN | 55343 | 451206462 | Management Company | MN | $1,580,875 | $0 | Vista Prairie Communities |
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