2025-05-05T11:29:30-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 621691489 Governmental and Educational Assistance Corporation GOVE 9528370542 11180 Zealand Ave N Champlin MN 55316 Dewey Pettit Chief Financial Officer 9528370542 2025-05-05 1 1 Heidi Sachs P01273512 6122536500 2025-05-02 2023 2025-03-06 01:10:19Z Vista Prairie Communities James E Bettendorf 11180 Zealand Ave N Champlin MN 55316 46182641 0 X www.vistaprairie.org X 1997 AR Transform lives, providing compassionate care and joy-filled environments. 6 6 972 65 0 0 373199 147037 35972047 45309662 208941 616812 2121801 109130 38675988 46182641 0 0 0 0 20097602 25115373 0 0 0 16548907 18570950 36646509 43686323 2029479 2496318 70356688 91271791 65469554 83888339 4887134 7383452 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 0 36792245 45309662 In FY2024, VPC served over 1,100 residents and employed a staff of over 600. The organization owned nine senior living communities, offering independent living, assisted living, care suites, and memory care across four states: Minnesota, Iowa, Ohio and Wisconsin. VPC owns and 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 2024, VPC provided $3.7 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 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 Copperleaf (Willmar, MN) 86 unit assisted living, memory care and care suites community. * Vista Prairie at Windmill Ponds (Alexandria, MN) 65 unit assisted living community. * Vista Prairie at Ridgeway (New Ulm, MM) 61 unit and 55 unit assisted living and memory care communities. * Emerald Village (North Olmsted, OH) 130 unit independent and assisted living community.We are pleased to report progress in the following key areas. Financial Stewardship - Through strategic occupancy growth and cost management, we exceeded our budgeted operating margin. This financial security enables us to continue to provide compassionate care in joy-filled environments.Excellence in Caregiving - VPC was honored for its commitment to excellence in caregiving at a national level. Through longtime staff member Judy Wolner, who received the Caregiver of the Year award from LeadingAge Minnesota, reflecting VPCs culture of empowering caregivers with the training, support and resources to provide exceptional care. Advancing Resident Well-being Through Innovation - VPC implemented CarePredict technology, a cutting-edge AI-based care tool that has significantly improved resident health outcomes by reducing hospitalizations and falls. This investment demonstrates our commitment to proactive, data-driven care enhancements that ensure the highest quality of life for our residents.Future Stability and Enhancements - VPC investment of over $1.5 million in Garnette Gardens included substantial renovations to align with the Aspire Lifestyle, ensuring residents and staff enjoy refreshed surroundings and improved services that enhance daily experiences. Reinvesting strengthens our mission and ensures long-term sustainability.Future Expansion - VPC successfully secured financing for Vista Prairie at Eagle Pointe, a 134-unit senior living community in St. Francis, MN. This development, scheduled to open in late 2025, will address a critical need for senior care by offering independent living, assisted living, memory care, and care suites. Our commitment to expansion aligns with our mission to serve more older adults with exceptional care and joy-filled environments.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. 36792245 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 1 133 0 1 972 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 35000 0 0 Denice Jasper Vice Chair 3.00 X X 34000 0 0 Jim Ehrenberg Treasurer 3.00 X X 34000 0 0 Jean Bey Secretary 3.00 X X 33000 0 0 Rose Agnew Director 3.00 X 32000 0 0 William Green Director 3.00 X 32000 0 0 Anne Petersmeyer COO 40.00 X 246663 0 8225 Dewey Pettit CFO 40.00 X 260099 0 40463 James E Bettendorf Chief Executive Officer 40.00 X 462428 0 53724 Scott Hamman CAO 40.00 X 219112 0 48601 Kimberly Putz-Executive Director at North Pointe 40.00 X 107592 0 28014 Reed Mainquist Controller 40.00 X 152860 0 18151 Jeff Smith VP of External Relations 40.00 X 167530 0 32451 Rachelle Strasburg VP of Sales and Marketing 40.00 X 141584 0 16965 Melissa Plachecki Organizational Director, Health Care 40.00 X 147106 0 18178 2104974 0 264772 9 0 1 0 St Augustine Manor 7801 Detroit Ave Cleveland OH 44102 Property Management 365554 Eide Bailly LLP 800 Nicollet Mall Suite 1300 Minneapolis MN 55102 Accounting/Audit 242228 GrapeTree Medical Staffing PO Box 5340 Sioux Falls SD 57117 Temp Staffing 190624 Best & Flanagan LLP PO Box 9201 Minneapolis MN 55480 Legal Services 150708 Zellner Senior Health Consulting LLC 522 Hackmore Drive St Paul MN 55123 Temp Staffing 145536 7 147037 147037 Resident Rent & Service Income 623000 44672563 44672563 637099 637099 45309662 616812 616812 Gain from insurance settlement 900099 109130 109130 109130 46182641 45309662 0 725942 1462269 1462269 19388395 17180979 2207416 244247 232462 11785 2378442 1967173 411269 1642020 1330796 311224 246468 246468 78435 78435 118997 118997 4289410 3528380 761030 221411 221411 1125746 1024977 100769 2304451 2212534 91917 113665 113665 3158459 3106927 51532 3084220 2933794 150426 436517 376710 59807 Food Expense 2358555 2358555 Bad Debt Expense 144591 144591 890025 538958 351067 43686323 36792245 6894078 0 15206076 14423316 1070177 2027014 927008 949787 98837014 41216456 48166328 57620558 3283247 14880010 1703852 1371106 70356688 91271791 2451098 4286015 28413354 41016590 32863879 37164628 1741223 1421106 65469554 83888339 X 4588430 7179918 298704 203534 4887134 7383452 70356688 91271791 2496318 0 X 0 1 X 1 0 X 37204 3088352 1123958 373199 147037 4769750 28861053 29676571 36097569 35972047 45309662 175916902 28898257 32764923 37221527 36345246 45456699 180686652 0 0 0 180686652 41468 28275 10728 208941 616812 906224 41468 28275 10728 208941 616812 906224 126831 109130 235961 28939725 32793198 37232255 36681018 46182641 181828837 0.99370 0.99730 0.00500 0.00190 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 3066263 3066263 83598228 34972758 48625470 9614906 5816974 3797932 2557617 426724 2130893 57620558 Operating Lease 1421106 1421106 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 462428 0 0 0 0 0 36483 0 18998 0 517909 0 0 0 Dewey Pettit CFO 227742 0 32357 0 0 0 25027 0 17058 0 302184 0 0 0 Scott Hamman CAO 192071 0 27041 0 0 0 9274 0 40855 0 269241 0 0 0 Anne Petersmeyer COO 216608 0 30055 0 0 0 8225 0 1546 0 256434 0 0 0 Jeff Smith VP of External Relations 149171 0 18359 0 0 0 0 0 33671 0 201201 0 0 0 Reed Mainquist Controller 143860 0 9000 0 0 0 6196 0 13195 0 172251 0 0 0 Melissa Plachecki Organizational Director, Health Care 139456 0 7650 0 0 0 5983 0 13651 0 166740 0 0 0 Rachelle Strasburg VP of Sales and Marketing 128484 0 13100 0 0 0 4774 0 13431 0 159789 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 bonds issued 4/22/2005 0 0 0 B Cleveland-Cuyahoga County Port Authority OH 341029691 186103HF7 2014-11-18 14975710 Refinance bonds 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 1614676 7155000 143100 7011900 1 0 1 1 B 3679175 14975710 217278 299514 14573021 1 0 1 1 C 1284167 5000000 100000 4900000 1 0 1 1 D 1391656 5229000 114 104580 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 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 1 0 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: Cleveland-Cuyahoga County Port Authority, OH Date the Rebate Computation was Performed: 11/18/2024 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 Entity 1, Part II, Line 4, Column B The reserve fund has earned interest of 114,103 over the life of the fund. A Lakes Area Economic Development Authority 200299143 000000000 2014-07-17 5280000 Refund bonds issued 7/20/05 with building remodel 0 0 0 B City of Ham Lake Minnesota 410973981 000000000 2024-06-21 10000000 Construction 0 0 0 C City of StFrancis Minnesota 410901105 000000000 2024-06-21 10000000 Construction 0 0 0 D City of Nowthen Minnesota 411468473 000000000 2024-06-21 10000000 Construction 0 0 0 A 701460 5280000 105600 652821 4521579 2015 1 0 1 1 B 10000000 200000 9800000 0 0 0 1 C 10000000 200000 9800000 0 0 0 1 D 10000000 200000 9800000 0 0 0 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 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 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 64902PARO 2014-08-26 6215727 Refund bonds issued 01/29/1999/1,601,054 for bldgs/equipment 0 0 0 B 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 6215727 115168 1601054 4499506 2006 1 0 1 1 B 1480000 3775605 75512 3700093 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Form 990, Part III, line 2 Vista Prairie at Ridgeway, LLC was purchased on October 1,2023. 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, 2024 was $246,467. 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. North Pointe-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411970657 Assisted living MN 4975686 4440391 Vista Prairie Communities Fieldcrest-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 421519910 Assisted living IA 5010841 6746933 Vista Prairie Communities Garnette Gardens-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411980868 Assisted living MN 5254403 6835785 Vista Prairie Communities St Clarence-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 202586088 Assisted living OH 5123684 11380770 Vista Prairie Communities Windmill Ponds-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 411964961 Assisted living MN 3347047 3744093 Vista Prairie Communities Goldfinch Estates-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412020934 Assisted living MN 8708487 10755054 Vista Prairie Communities Copperleaf-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 412013671 Assisted living MN 5878539 7994047 Vista Prairie Communities Vista Prairie Management LLC 11180 Zealand Avenue N Champlin MN 55316 451206462 Management Company MN 2494151 0 Vista Prairie Communities Vista Prairie at Brentwood LLC 11180 Zealand Avenue N Champlin MN 55316 850679000 Assisted living WI 3514750 6475667 Vista Prairie Communities Ridgeway-GEAC LLC 11180 Zealand Avenue N Champlin MN 55316 932302509 Assisted living MN 4023632 10192060 Vista Prairie Communities Eagle Pointe 11180 Zealand Avenue N Champlin MN 55316 853482580 Assisted living MN 0 14305269 VIsta Prairie Communities