2026-03-05T14:41:01-06:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 621691489 Governmental and Educational Assistance Corporation GOVE 9528370542 11180 Zealand Ave N Champlin MN 55316 Dewey Pettit Chief Financial Officer 9528370542 2026-03-05 1 1 Heidi M Sachs CPA P01273512 6122536500 2026-03-03 2024 2025-03-06 01:10:19Z Vista Prairie Communities James E Bettendorf 11180 Zealand Ave N Champlin MN 55316 59018091 0 X www.vistaprairie.org X 1997 AR Transform lives, providing compassionate care and joy-filled environments. 6 6 1175 75 0 0 147037 124135 45309662 55345356 616812 502296 109130 3046304 46182641 59018091 0 0 0 0 25115373 31454254 0 0 0 18570950 22828989 43686323 54283243 2496318 4734848 91271791 107961363 83888339 96530829 7383452 11430534 X We empower our employees to support older adults in achieving fulfilling lifestyles, while maintaining responsible stewardship of our resources. Our five core values are: Caring, Respect, Collaboration, Innovation, and Stewardship. 1 1 46356566 55345356 In FY2025, VPC served over 1,000 residents and employed a staff of over 750. The organization owned ten senior living communities, offering independent living, assisted living, care suites, and memory care across three states: Minnesota, Iowa and Wisconsin. VPC owns and directly manages all of the location.(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 2025, VPC provided over $4.4 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 (Rice Lake, WI) 47 unit assisted living and memory care.* Vista Prairie at Copperleaf (Willmar, MN) 86 unit assisted living, memory care and care suites community. * Vista Prairie at Fieldcrest (Sheldon, IA) 81 unit assisted living and memory care.* Vista Prairie at Garnette Gardens (Redwood Falls, MN) 87 unit assisted living and memory care community. * Vista Prairie at Goldfinch Estates (Fairmont, MN) 133 unit assisted living, memory care and care suites community. * Vista Prairie at North Pointe (North Mankato, MN) 100 unit assisted living and care suites community. * Vista Prairie at Red Cedar Canyon (Hudson, WI) 68 unit independent living, assisted living and memory care community. * Vista Prairie at Ridgeway (New Ulm, MM) 61 unit and 55 unit assisted living and memory care communities.* Vista Prairie at Windmill Ponds (Alexandria, MN) 91 unit assisted living, memory care and care suites community. We are pleased to report progress in the following key areas. Financial Stewardship Through strategic occupancy growth and cost management, VPC exceeded its budgeted operating margin. This financial strength supports reinvestment in care delivery, staff support and mission-driven programming.Expansion and Community Growth VPC advanced development of Vista Prairie at Eagle Pointe, a 134-unit senior living community in St. Francis, Minnesota. Construction was underway on the planned unit mix, including independent living, assisted living, memory care, and care suites with an anticipated opening in November 2025. This project positions VPC to meet growing community needs and expand access to exceptional care in joy-filled environments.Strategic Acquisition VPC acquired Vista Prairie at Red Cedar Canyon in Hudson, Wisconsin, a 91-unit senior living community serving older adults in the St. Croix Valley region. This acquisition expands VPC's service footprint and strengthens its mission to serve more individuals with compassionate, high-quality care in purpose-driven communities.Advancing Resident Well-being Through Innovation VPC continued implementation of CarePredict technology, a cutting-edge AI-based care platform that has improved resident health outcomes by reducing hospitalizations and falls. This initiative reinforces VPC's focus on proactive, data-informed care practices.Future Stability and Enhancements VPC invested more than $720,000 in capital improvements at Goldfinch Estates, completing renovations aligned with the Aspire Lifestyle. These investments improved the physical environment, supported staff efficiency, and extended the useful life of the assets.Strategic Portfolio Alignment -- During the year, VPC completed the sale of Emerald Village as part of a strategic effort to better align its portfolio with organizational mission and operational focus. VPC was not responsible for the day-to-day management of the community, and divestment allowed the organization to concentrate resources, leadership, and capital on communities where it directly oversees operations and can most effectively advance its mission.Vista Praire Communities remains committed to its mission of serving older adults by providing compassionate care and joy-filled environments in the communities we serve. 46356566 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 1 113 0 1 1175 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 Morris E Knopf Chair 3.00 X X 37500 0 0 Denice Jasper Vice Chair 3.00 X X 36500 0 0 Jim Ehrenberg Treasurer 3.00 X X 36500 0 0 Jean Bey Secretary 3.00 X X 35500 0 0 Rose Agnew Director 3.00 X 34500 0 0 William Green Director 3.00 X 34500 0 0 James E Bettendorf CEO 40.00 X 487408 0 53901 Dewey Pettit CFO 40.00 X 301859 0 27325 Anna Petersmeyer COO 40.00 X 280208 0 9268 Scott Hamman CAO 40.00 X 255687 0 37975 Lisa Ambli VP, Sales and Marketing 40.00 X 158446 0 6317 Reed Mainquist Controller 40.00 X 146986 0 18471 Melissa Plachecki Organizational Director of Healthcare 40.00 X 159950 0 19415 Kimberly Putz Executive Director 40.00 X 129635 0 18764 Jennie Marcus Regional Director 40.00 X 158968 0 42890 2294147 0 234326 14 0 1 0 St Augustine Manor 7801 Detroit Ave Cleveland OH 44102 Property Management 403689 GrapeTree Medical Staffing INC PO Box 5340 Sioux Falls SD 57117 Temp Staffing 263471 Unity Consulting Company LLC 5900 West 98th St Bloomington MN 55438 IT Consulting 155580 Eide Bailly LLP 800 Nicollet Mall Suite 1300 Minneapolis MN 55102 Accounting/Audit 138830 Best and Flanagan PO Box 9201 Minneapolis MN 55480 Legal Services 103159 5 52697 71438 124135 Resident Rent & Service Income 623000 54637172 54637172 708184 708184 55345356 502296 502296 Gain from discontinued operations 900099 3046304 3046304 3046304 59018091 55345356 0 3548600 1647503 1647503 24274309 21655890 2618419 285401 266777 18624 3224277 2659070 565207 2022764 1642281 380483 223695 223695 115659 115659 132847 132847 4583575 3968901 614674 241341 241341 1491753 1376016 115737 2760574 2653447 107127 220084 220084 4609584 4534045 75539 3805883 3652714 153169 517507 455418 62089 Food Expense 2591078 2591078 Bad Debt Expense 137552 137552 1397857 900929 496928 54283243 46356566 7926677 0 14423316 14585642 2027014 1576606 949787 915011 126524703 37883208 57620558 88641495 14880010 2139731 1371106 102878 91271791 107961363 4286015 9784208 41016590 34841787 37164628 51890564 1421106 14270 83888339 96530829 X 7179918 11430534 203534 0 7383452 11430534 91271791 107961363 X 4734848 -687766 X X 0 1 X 1 0 X 3088352 1123958 373199 147037 124135 4856681 29676571 36097569 35972047 45309662 55345356 202401205 32764923 37221527 36345246 45456699 55469491 207257886 0 0 0 207257886 28275 10728 208941 616812 502296 1367052 28275 10728 208941 616812 502296 1367052 126831 109130 235961 32793198 37232255 36681018 46182641 55971787 208860899 0.99230 0.99370 0.00650 0.00500 X Schedule A, Part III, Line 12, Explanation of Other Income: Gain from Insurance Settlement - 2022 Amount: $ 126,831. 2023 Amount: $ 109,130. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4403363 4403363 83348768 30909622 52439146 9585299 6477012 3108287 29187273 496574 28690699 88641495 Security Deposits 14270 14270 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 1 0 0 0 0 0 1 0 James E Bettendorf CEO 410408 0 77000 0 0 0 36583 0 18084 0 542075 0 0 0 Dewey Pettit CFO 267437 0 34422 0 0 0 10683 0 17140 0 329682 0 0 0 Scott Hamman CAO 227025 0 28662 0 0 0 10373 0 28018 0 294078 0 0 0 Anna Petersmeyer COO 248482 0 31726 0 0 0 9268 0 430 0 289906 0 0 0 Jennie Marcus Regional Director 146968 0 12000 0 0 0 6446 0 36725 0 202139 0 0 0 Melissa Plachecki Organizational Director of Healthcar 147950 0 12000 0 0 0 6499 0 13192 0 179641 0 0 0 Reed Mainquist Controller 137986 0 9000 0 0 0 5966 0 12762 0 165714 0 0 0 Lisa Ambli VP, Sales and Marketing 158346 0 100 0 0 0 6317 0 290 0 165053 0 0 0 Part I, Line 4b CEO Jim Bettendorf receives an annual discretionary 457(f) contribution. In FY25 the amount was $67,500. 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 bonds issued 4/22/2005 0 0 0 B City of Fairmont Minnesota 416005147 000000000 2015-05-21 5000000 Refinance bonds issued 5/1/2012 0 0 0 C City of Sherburn Minnesota 416005541 000000000 2015-05-21 5229000 Refinance bonds issued 5/1/2012 0 0 0 D Lakes Area Economic Development Authority 200299143 000000000 2014-07-17 5280000 Refund bonds issued 7/20/05 with building remodel 0 0 0 A 1886954 7155000 143100 7011900 1 0 1 1 B 1328038 5000000 100000 4900000 1 0 1 1 C 1388863 5229000 114 104580 5124306 2015 1 0 1 1 D 850924 5280000 105600 652821 4521579 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 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 Date Rebate Computation Performed Issuer Name: City of North Mankato, MN Date the Rebate Computation was Performed: 11/12/2024 Issuer Name: City of Fairmont, Minnesota Date the Rebate Computation was Performed: 05/01/2023 Issuer Name: City of Sherburn, Minnesota Date the Rebate Computation was Performed: 03/01/2024 Issuer Name: Lakes Area Economic Development Authority Date the Rebate Computation was Performed: 07/31/2023 Issuer Name: The Economic Development Authority of the City of New Ulm MN Date the Rebate Computation was Performed: 03/01/2024 Issuer Name: The Economic Development Authority of the City of New Ulm MN Date the Rebate Computation was Performed: 03/01/2024 A City of Ham Lake Minnesota 410973981 000000000 2024-06-21 10000000 Construction 0 0 0 B City of StFrancis Minnesota 410901105 000000000 2024-06-21 10000000 Construction 0 0 0 C City of Nowthen Minnesota 411468473 000000000 2024-06-21 10000000 Construction 0 0 0 D The Economic Development Authority of the City of New Ulm MN 416005412 64902PARO 2014-08-26 6215727 Refund bonds issued 01/29/1999/1,601,054 for bldgs/equipment 0 0 0 A 10000000 200000 9800000 0 0 0 1 B 10000000 200000 9800000 0 0 0 1 C 10000000 200000 9800000 0 0 0 1 D 6215727 115168 1601054 4499506 2006 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 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A The Economic Development Authority of the City of New Ulm MN 416005412 064902PB4 2014-08-26 3775605 Refund bonds issued 09/05/2006 0 0 0 A 1710000 3775605 75512 3700093 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Form 990, Part III, line 2 Red Cedar Canyon was purchased on September 9, 2024. Windmill Pond Memory Care (part of Windmill Ponds) was purchased on July 1, 2024. Form 990, Part III, line 3 Emerald Village was sold in March 2025. 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, 2025 was $223,696. 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 XI, line 9: Loss on restricted funds -166,000. Change in net assets for discontinued operations -521,766. Form 990, Part XII, Line 2c: The board of directors assumes responsibility for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year. North Pointe-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411970657 Assisted living MN 5863836 4579167 Vista Prairie Communities Fieldcrest-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 421519910 Assisted living IA 4913356 6428562 Vista Prairie Communities Garnette Gardens-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411980868 Assisted living MN 5800789 6408490 Vista Prairie Communities St Clarence-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 202586088 Assisted living OH 521761 0 Vista Prairie Communities Windmill Ponds-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411964961 Assisted living MN 5442339 6129405 Vista Prairie Communities Goldfinch Estates-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412020934 Assisted living MN 9414266 10817447 Vista Prairie Communities Copperleaf-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412013671 Assisted living MN 6480252 7706389 Vista Prairie Communities Vista Prairie Management LLC 11180 Zealand Avenue N Champlin MN 55316 451206462 Management Company MN 3085477 0 Vista Prairie Communities Vista Prairie at Brentwood LLC 11180 Zealand Avenue N Champlin MN 55316 850679000 Assisted living WI 3726869 6383933 Vista Prairie Communities Ridgeway-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 932302509 Assisted living MN 6460600 10065131 Vista Prairie Communities Eagle Pointe 11180 Zealand Avenue N Champlin MN 55316 853482580 Assisted living MN 18000 28663495 Vista Prairie Communities Red Cedar Canyon 11180 Zealand Avenue N Champlin MN 55136 994518030 Assisted living WI 3140044 13297675 Vista Prairie Communities