2014-05-14T16:41:52-05:00 2013-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2012-07-01 621691489 GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION GOVE 9528370545 7900 EXCELSIOR BOULEVARD NO 250 HOPKINS MN 55343 MORRIS E KNOPF 9528370545 2014-05-14 1 KIM HUNWARDSEN CPA P00484560 6122536500 2014-05-14 2012 2015-11-30 17:44:51Z VISTA PRAIRIE COMMUNITIES MORRIS E KNOPF 7900 EXCELSIOR BOULEVARD NO 250 HOPKINS MN 55343 31385242 0 X WWW.VISTAPRAIRIE.ORG X 1997 AR PROVIDES LOW INCOME, CONGREGATE CARE, ASSISTED LIVING AND SKILLED NURSING FACILITIES FOR ELDERLY 5 5 14 0 0 0 0 0 49042199 31351602 2852499 33640 0 0 51894698 31385242 0 0 0 0 20026293 13409003 0 0 0 28777873 17306092 48804166 30715095 3090532 670147 104469016 85357800 125341181 96787188 -20872165 -11429388 X VISTA PRAIRIE COMMUNITIES IS A NONPROFIT CORPORATION THAT USES AFFILIATED ORGANIZATIONS TO SERVE PERSONS OF DIVERSE INCOMES BY PROVIDING NURTURING AND HOMELIKE PROPERTIES IN THE LIFELONG COMMMUNITIES OF ITS RESIDENTS. WE ENGAGE STAFF, RESIDENTS, THE LOCAL COMMUNITY AND SERVICE PROVIDERS TO CREATE THE QUALITY OF LIFE WE ALL HOPE TO EXPERIENCE. 0 0 26669859 31351602 VISTA PRAIRIE COMMUNITIES (VPC) HAS ESTABLISHED SINGLE ASSET, LIMITED LIABILITY COMPANIES (LLC'S) THAT CURRENTLY OWN THIRTEEN FACILITIES THAT ACCOMMODATE LOW-INCOME RESIDENTS, SENIOR ASSISTED LIVING, INDEPENDENT LIVING, MEMORY CARE HOUSING AND SKILLED NURSING HOME FACILITIES,. VPC'S FACILITIES ARE LOCATED IN FIVE STATES: MINNESOTA, IOWA, OHIO, GEORGIA, AND TEXAS.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 56-UNIT ASSISTED LIVING SENIOR HOUSING FACILITY LOCATED IN SHELDON, IOWA. GARNETT GARDENS-GEAC, LLC, OPERATES AN 88-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. NORTH POINT-GEAC, LLC, OPERATES A 100-UNIT SENIOR HOUSING FACILITY PROVIDING INDEPENDENT LIVING, ASSISTED LIVING AND CARE SUITES LOCATED IN NORTH MANKATO, MINNESOTA. SPIRIT LAKE-GEAC, LLC, OPERATES A 62-UNIT SENIOR HOUSING FACILITY PROVIDING ASSISTED LIVING AND MEMORY CARE LOCATED IN SPIRIT LAKE, IOWA. COPPERLEAF-GEAC, LLC, OPERATES AN 86-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. ST. CLARENCE-GEAC, LLC, OPERATES A 100-UNIT INDEPENDENT SENIOR LIVING AND 30-UNIT ASSISTED LIVING CAMPUS LOCATED IN NORTH OLMSTED, OHIO. CENTURY-FORT STOCKTON-GEAC, LLC, OPERATES A 120-BED LICENSED NURSING FACILITY SPECIALIZING IN THE CARE OF THE ELDERLY IN FORT STOCKTON, TEXAS. 26669859 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 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 1 1 1 0 0 1 19 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 0 MN X DEB STEINKE 9528370548 7900 EXCELSIOR BOULEVARD SUITE 250 HOPKINS MN 55343 RICHARD A BUENDORF 3.00 3.00 X X 21450 0 0 KEN RERICH 3.00 3.00 X X 24550 0 0 DENICE JASPER 3.00 3.00 X X 28995 0 0 JIM EHRENBERG 3.00 3.00 X X 18950 0 0 NANCY EINAN 3.00 3.00 X X 19630 0 0 JAMES L TRUCKER 3.00 3.00 X 11500 0 0 MORRIS E KNOPF 35.00 5.00 X 171820 0 1916 PATRICK J RAFFERTY 35.00 5.00 X 148393 0 11106 DEB STEINKE 59.00 1.00 X 0 0 0 445288 0 13022 2 0 1 0 TRANSITION HEALTH 415 US HWY 377 SOUTH SUITE 200 ARGYLE TX 76226 PROPERTY MANAGEMENT 780545 VISTA PRAIRIE MANAGEMENT LLC 7900 EXCELSIOR BLVD SUITE 250 HOPKINS MN 55343 ASSET/PROPERTY MANAGEMENT 615244 THE JENNINGS GROUP 488 E 11TH AVE EUGENE OR 97401 PROPERTY MANAGEMENT 444500 ST AUGUSTINE MANOR 7801 DETROIT AVE CLEVELAND OH 44102 PROPERTY MANAGEMENT 184995 WELCOME TO OUR HOME 12 HASSON NORTH EAST HUTCHINSON MN 55350 PROPERTY MANAGEMENT 150389 5 RESIDENT RENTAL INCOME 623000 28665202 28665202 SERVICE INCOME 623000 2129274 2129274 OTHER INCOME 623000 373775 373775 MANAGEMENT FEES 623000 183351 183351 31351602 33640 33640 31385242 31351602 0 33640 571732 571732 10923475 9909952 1013523 69573 48651 20922 911353 812697 98656 932870 808735 124135 216886 216886 376707 376707 446845 446845 882895 686663 196232 242285 14215 228070 1113037 724300 388737 133086 133086 2711406 2661429 49977 169603 85574 84029 187562 181429 6133 4995256 4995256 3131877 3131877 398958 398958 FOOD EXPENSE 1662019 1662019 BAD DEBT EXPENSE 69805 69805 567865 478299 89566 30715095 26669859 4045236 0 4324378 12165560 3803498 2919388 495572 207669 364507 90979713 22947279 79385265 68032434 5466756 12661789 104469016 85357800 10044057 5965787 11620 13000 111427494 85621380 3414282 4958176 443728 228845 125341181 96787188 X -20872165 -11429388 -20872165 -11429388 104469016 85357800 X 670147 270961 8501669 X 0 0 0 X 58065238 47102805 47788188 49042199 31351602 233350032 58065238 47102805 47788188 49042199 31351602 233350032 0 0 0 233350032 4192 2489 1605 84388 33640 126314 4192 2489 1605 84388 33640 126314 58069430 47105294 47789793 49126587 31385242 233476346 0.99950 0.99960 0.00050 0.00040 X 2726100 2726100 80595809 19243325 61352484 5990334 3703954 2286380 1667470 1667470 68032434 DEFERRED FINANCING COSTS, NET 3346396 OTHER RECEIVABLES 288879 OTHER ASSETS 45211 RESTRICTED DEPOSITS AND RESERVES 8981303 12661789 SECURITY DEPOSITS 175609 DUE TO GEAC 53236 228845 X X X X X 0 0 0 0 0 0 0 0 0 MORRIS E KNOPF 171820 0 0 0 0 0 0 0 1916 0 173736 0 0 0 PATRICK J RAFFERTY 148393 0 0 0 0 0 0 0 11106 0 159499 0 0 0 A CITY OF EVELETH MN 416005140 299725BZ3 2006-10-02 11073142 ACQUISITION OF ASSISTED LIVING AND MEMORY CARE PROJECT 0 0 0 B DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY MN 411253302 2009-02-26 3370000 REFINANCE BONDS ISSUED 4/27/07 & FINANCE ASSTD. LIVING/MEMORY CARE FACILITY 0 0 0 C MARTIN COUNTY MN 416005837 2012-05-01 7000000 REFINANCE BONDS ISSUED 4/5/02 & 11/30/05 & FINANCE SENIOR HOUSING PROJECT 0 0 0 D CITY OF REDWOOD FALLS MN 416005484 2012-12-06 7805000 REFINANCE BONDS ISSUED 12/23/09 FOR SENIOR HOUSING PROJECT 0 0 0 A 755000 11073142 791825 221462 9993131 66724 2006 0 0 1 1 B 3370000 67400 3302600 2009 1 0 1 1 C 7000000 140000 150206 6709794 2012 1 0 1 1 D 7805000 156100 7648900 2012 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 1 ROYAL BANK OF CANADA 10.000000000000 1 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 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF NORTH MANKATO, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 04/22/2010 ISSUER NAME: CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY, OH DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2011 ISSUER NAME: ALEXANDRIA HOUSING AND REDEVELOPMENT AUTHORITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2010 A CITY OF NORTH MANKATO MN 416005423 660752AA4 2005-04-22 9060000 REFINANCE DEBT ISSUED 8/22/02 AND ACQUIRE SECOND BUILDING FOR SENIORS 0 0 0 B O'BRIEN COUNTY STATE OF IOWA 426005134 2013-04-22 7700000 REFUND BONDS ISSUED 12/22/04 AND CAPITAL EXPENDITURES FOR FIELDCREST FACILIT 0 0 0 C CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY OH 341029691 186103FC6 2006-06-08 17120000 ACQUISITION OF SENIOR HOUSING, ASSISTED LIVING AND MEMORY CARE 0 0 0 D DICKINSON COUNTY IA 426005241 25313MAC4 2006-12-21 7330000 ACQUISITION OF ASSISTED LIVING AND MEMORY CARE FACILITY 0 0 0 A 1591414 9060000 46000 181200 4925000 3907800 2005 0 0 1 1 B 3807747 7700000 2555 154000 498602 3239651 1 0 0 0 C 865000 17120000 1785216 1353891 342400 250000 13388493 2007 0 0 1 1 D 75000 7330000 550322 135703 640000 6003975 2006 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A HOUSING AND REDEVELOPMENT AUTHORITY OF WILLMAR MN 410951605 970862AX6 2008-09-23 9840000 ACQUISITION OF SENIOR HOUSING, ASSISTED LIVING AND MEMORY CARE 0 0 0 B ALEXANDRIA HOUSING AND REDEVELOPMENT AUTHORITY MN 410959723 259170AA6 2005-07-20 5610000 REFUND BONDS ISSUED 4/27/00 FOR ACQUISITION OF SENIOR HOUSING 0 0 0 A 903878 9840000 92000 196800 109606 9441594 2008 0 0 1 1 B 1010000 5610000 5610000 2005 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 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. FIELDCREST-GEAC, LLC, GARNETT GARDENS-GEAC, LLC, GOLDFINCH ESTATES-GEAC, LLC, NORTH POINT-GEAC, LLC, AND SPIRIT LAKE-GEAC, LLC HAVE A MANAGEMENT AGREEMENT WITH THE JENNINGS GROUP TO PROVIDE MANAGEMENT SERVICES. MANOR HOUSE-GEAC, LLC, WINDMILL PONDS-GEAC, LLC, COPPERLEAF-GEAC, LLC , AND RIVER HEIGHTS-GEAC, LLC, ENTERED INTO AN AGREEMENT WITH VISTA PRAIRIE MANAGEMENT, LLC (A CONTROLLED LLC OF VISTA PRAIRIE) TO PROVIDE MANAGEMENT SERVICES. ST. CLARENCE-GEAC, LLC, ENTERED INTO A MANAGEMENT AGREEMENT WITH ST. AUGUSTINE MANOR, AN OHIO NONPROFIT CORPORATION, TO PROVIDE MANAGEMENT SERVICES. CENTURY-FORT STOCKTON-GEAC, LLC HAS AN AGREEMENT WITH TRANSITION HEALTH SERVICES TO PROVIDE MANAGEMENT SERVICES. 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 11 THE ORGANIZATION'S PRESIDENT, COO, AND DIRECTOR OF FINANCE 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 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 PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION FOR THE CHIEF OPERATING OFFICER IS DETERMINED BY THE PRESIDENT. COMPENSATION FOR THE DIRECTOR OF FINANCE IS DETERMINED BY THE PRESIDENT. 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 ANLYSIS 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 HAS REVIEWED SOME 990'S OF RELEVANT, SIMILAR NON-PROFIT CORPORATIONS AND ALSO SOME 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RALSTON FACILITY SOLD-NET ASSETS NOT INCLUDED IN FINANCIAL STATEMENTS 5,430,987. MARIAN CENTER FACILITY SOLD-NET ASSETS NOT INCLUDED IN FINANCIAL STATEMENTS 4,704,204. MISSION OAKS FACILITY SOLD-NET ASSET NOT INCLUDED IN FINANCIAL STATEMENTS -96,870. EBONY LAKE FACILITY SOLD-NET ASSETS NOT INCLUDED IN FINANCIAL STATEMENTS -1,536,652. FORM 990, PART IV, LINE 12A & PART XII, LINE 2C: THE FINANCIAL STATEMENTS OF VISTA PRAIRIE COMMUNITIES WERE NOT AUDITED. HOWEVER, THE FOLLOWING DISREGARDED ENTITIES DID HAVE AUDITED FINANCIAL STATEMENTS: BLUE RIDGE APARTMENTS-GEAC, LLC PARKVIEW TERRACE-GEAC, LLC NORTH POINT-GEAC, LLC FIELDCREST-GEAC, LLC GARNETT GARDENS-GEAC, LLC ST CLARENCE-GEAC, LLC WINDMILL PONDS, GEAC, LLC GOLDFINCH ESTATES-GEAC, LLC RIVER HEIGHTS ASSISTED LIVING CENTURY-FT STOCKTON-GEAC, LLC MANOR HOUSE-GEAC, LLC SPIRIT LAKE-GEAC, LLC COPPERLEAF-GEAC, LLC BLUE RIDGE APARTMENTS-GEAC LLC 528 NORTH GRANT STREET BLUE EARTH MN 56013 411922168 RESIDENCE MN 279359 757217 VISTA PRAIRIE COMMUNITIES PARKVIEW TERRACE-GEAC LLC 625 14TH STREET ST CLOUD MN 56301 411922183 RESIDENCE MN 408230 1456977 VISTA PRAIRIE COMMUNITIES NORTH POINT-GEAC LLC 2135 LOR RAY DRIVE NORTH MANKATO MN 56003 411970657 ASSISTED LIVING MN 2537492 6563714 VISTA PRAIRIE COMMUNITIES FIELDCREST-GEAC LLC 2501 E 6TH STREET SHELDON IA 51201 421519910 ASSISTED LIVING MN 1709390 4773547 VISTA PRAIRIE COMMUNITIES GARNETT GARDENS-GEAC LLC 511 SOUTH DEKALD STREET REDWOOD FALLS MN 56283 411980868 ASSISTED LIVING MN 2870280 7495047 VISTA PRAIRIE COMMUNITIES ST CLARENCE-GEAC LLC 30344 LORAIN ROAD NORTH OLMSTED OH 44070 202586088 ASSISTED LIVING OH 3781939 14808667 VISTA PRAIRIE COMMUNITIES WINDMILL PONDS-GEAC LLC 715 VICTOR STREET ALEXANDRIA MN 56308 411964961 ASSISTED LIVING MN 1552685 3740089 VISTA PRAIRIE COMMUNITIES GOLDFINCH ESTATES-GEAC LLC 850 GOLDFINCH STREET FAIRMONT MN 56031 412020934 ASSISTED LIVING MN 4285554 10737153 VISTA PRAIRIE COMMUNITIES RIVER HEIGHTS ASSISTED LIVING 744 19TH AVE SOUTH ST PAUL MN 55075 411922184 ASSISTED LIVING MN 1929936 4290667 VISTA PRAIRIE COMMUNITIES CENTURY-FT STOCKTON-GEAC LLC 501 N SYCAMORE FORT STOCKTON TX 79735 760648310 NURSE HOME TX 3576154 3067190 VISTA PRAIRIE COMMUNITIES MANOR HOUSE-GEAC LLC 722 NORTH POKEGAMA AVENUE GRAND RAPIDS MN 55730 411964913 ASSISTED LIVING MN 2694386 9552661 VISTA PRAIRIE COMMUNITIES SPIRIT LAKE-GEAC LLC 2810 AURORA AVENUE SPIRIT LAKE IA 51360 205816670 ASSISTED LIVING IA 2483896 7027036 VISTA PRAIRIE COMMUNITIES COPPERLEAF-GEAC LLC 1550 1ST STREET NORTH WILLMAR MN 56201 412013671 ASSISTED LIVING MN 2981084 8963195 VISTA PRAIRIE COMMUNITIES VISTA PRAIRIE MANAGEMENT LLC 7900 EXCELSIOR BOULEVARD SUITE 250 HOPKINS MN 55343 451206462 MANAGEMENT COMPANY MN 183351 0 VISTA PRAIRIE COMMUNITIES WINDSOR HEALTH CARE II CORP 7900 EXCELSIOR BOULEVARD SUITE 250 HOPKINS MN 55343 752484122 NURSING HOMES TX 501(C)(3) LINE 9 VISTA PRAIRIE COMMUNITIES 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WINDSOR HEALTH CARE II CORP D 4000000 FMV