2022-05-09T13:01:27-05:00 2021-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-07-01 621691489 Governmental and Educational Assistance Corporation GOVE 9528370542 7100 Northland Cir N Ste 200 No 2 Brooklyn Park MN 55428 Dewey Pettit Chief Financial Officer 9528370542 2022-05-09 1 Dewey Pettit 999009999 Deb Nelson CPA P01264758 6122536500 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Vista Prairie Communities James E Bettendorf 7100 Northland Cir N Ste 200 No 200 Brooklyn Park MN 55428 32793198 0 X www.vistaprairie.org X 1997 AR Transform lives, providing compassionate care and joy-filled environments 7 7 933 65 0 0 37204 3088352 28861053 29676571 41468 27555 0 0 28939725 32792478 0 0 0 0 15197000 15607446 0 0 0 13543028 14391637 28740028 29999083 199697 2793395 59175249 65629127 61902006 65381982 -2726757 247145 X We engage our employees to help older adults attain exceptional lifestyles, while practicing responsible stewardship of our resources. Our five core values are: Caring, Respect, Collaboration, Innovation, and Stewardship. 0 0 24271021 29676571 Vista Prairie Communities (VPC) served 856 residents and employed a staff of 459 in the fiscal year 2021. The organization has developed and maintained single asset, limited liability companies (LLC's) that currently own nine facilities, providing services for low-income residents, senior assisted living, independent living, and memory care housing. VPC's locations are in four states: Minnesota, Wisconsin, Iowa, and Ohio. A tenth LLC, Vista Prairie Management, is the operating entity overseeing all the other single asset LLC operations.(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 2021, we 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. To accomplish our mission and vision, we have organized as limited liability corporations serving older adults.Vista Prairie at Brentwood, LLC, operates a 47-unit assisted living senior housing facility offering assisted living and memory care and located in Rice Lake, Wisconsin. Vista Prairie at Fieldcrest, LLC, operates an 81-unit assisted living senior housing facility offering assisted living and memory care and located in Sheldon, Iowa. Vista Prairie at Garnette Gardens, LLC, operates an 86-unit senior living housing facility offering assisted living and memory care located in Redwood Falls, Minnesota. Vista Prairie at Goldfinch Estates, LLC, operates a 134-unit senior housing facility that includes assisted living and a memory care facility in Fairmont, Minnesota. Vista Prairie at Monarch Meadows, LLC, operates a 100-unit senior housing facility providing assisted living and care suites located in North Mankato, Minnesota. Vista Prairie at Copperleaf, LLC, operates an 82-unit senior living facility offering assisted living and memory care in Willmar, Minnesota. Vista Prairie at Windmill Ponds, LLC, operates a 65-unit assisted living facility located in Alexandria, Minnesota. Vista Prairie at River Heights Assisted Living, LLC, operates a 60-unit assisted living and memory care facility 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.We continued to focus on controlling COVID-19, to protect the health of our residents. Response to the pandemic remains our number one operational priority, with 1,340 vaccines and booster shots administered to residents and staff throughout our locations during the fiscal year.We also are pleased to report Program Service Accomplishments in three of the components of our stewardship strategic priority, amid another difficult pandemic year. Future stability and growth With the addition of Vista Prairie at Brentwood, we accomplished a key objective to grow our network of senior care communities. LeadingAge's Ziegler 2021 Survey ranked us as the nation's 22nd largest nonprofit, multi-site, assisted living provider.High quality services Each of our six Minnesota communities completed the required steps to be licensed assisted living facilities under the new law administered by the Minnesota Department of Health. Strong financial position We surpassed our budgeted operating margin for the year, thanks to the availability of Federal assistance during COVID-19. This financial security enabled our communities to provide compassionate care in joy-filled environments. 24271021 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 1 140 0 1 933 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 7100 Northland Circle N Suite 200 Brooklyn Park MN 55428 James E Bettendorf Chief Executive Officer 40.00 X 282984 0 36307 Deb SteinkeChief Financial Officer (thru Dec. 2020) 40.00 X 146046 0 26296 Scott Hamman VP & Chief Administrative Officer 40.00 X 153975 0 36675 Jeff Smith VP of External Relations 40.00 X 130419 0 23970 Melissa Plachecki Organizational Dir, Health Care 40.00 X 115391 0 13483 Reed Mainquist Controller 40.00 X 101074 0 15704 Jennifer Marcus Executive Director - Copperleaf 40.00 X 100216 0 3434 Morris E Knopf Chair 3.00 X X 32500 0 0 Denice Jasper Vice Chair 3.00 X X 31500 0 0 Jim Ehrenberg Treasurer 3.00 X X 31500 0 0 Jean BeyDirector thru Jan 2021)/Secretary (as of Jan. 2021) 3.00 X X 30500 0 0 Rose Agnew Director 3.00 X 29500 0 0 William Green Director 3.00 X 29500 0 0 Nancy EinanSecretary thru Jan 2021)/Director (as of Jan. 2021) 3.00 X X 15250 0 0 Dewey PettitChief Financial Officer (as of June 2021) 40.00 X 0 0 0 1230355 0 155869 7 0 1 0 SlashBlue LLC 1200 Red Fox Road Arden Hills MN 55112 IT Service Provider 521963 St Augustine Manor 7801 Detroit Ave Cleveland OH 44102 Property Management 303331 New Horizon Foods PO Box 860246 Minneapolis MN 55486 Food Service Provider 256286 GrapeTree Medical Staffing LLC PO Box 5340 Sioux Falls SD 57117 Temp Staffing 221114 Senior Care Solutions PO Box 2283 Stillwater MN 55082 Temp Staffing 185376 9 3046590 41762 3088352 Resident Rent & Service Income 623000 29279928 29279928 396643 396643 29676571 28275 28275 720 -720 -720 -720 32792478 29676571 0 27555 687492 687492 11758114 9834369 1923745 136616 103468 33148 2120769 1452705 668064 904455 613393 291062 184828 184828 100124 100124 282304 282304 2826915 2385450 441465 181094 21201 159893 755842 685814 70028 2012888 1945331 67557 12816 12816 2577194 2535095 42099 2708882 2564166 144716 359031 305583 53448 Food Expense 1465985 1465985 Bad Debt Expense 169703 169703 754031 358461 395570 29999083 24271021 5728062 0 9679882 9910997 1216943 901434 589532 719321 85633979 36749623 44447125 48884356 2896819 3068823 344948 2144196 59175249 65629127 2294805 2474622 54307428 52508630 1922169 7817327 2800770 329870 576834 2251533 61902006 65381982 X -2726757 237145 10000 -2726757 247145 59175249 65629127 X 2793395 180507 X 0 1 X 1 0 X 37204 3088352 3125556 32955423 28106448 28784481 28861053 29676571 148383976 32955423 28106448 28784481 28898257 32764923 151509532 0 0 0 151509532 19900 17926 27255 41468 28275 134824 19900 17926 27255 41468 28275 134824 32975323 28124374 28811736 28939725 32793198 151644356 0.99910 0.99900 0.00090 0.00100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1676107 1676107 75615064 30147912 45467152 7431785 6145260 1286525 911023 456451 454572 48884356 Security deposits 402205 Obligation under interest rate swap 62736 Operating Lease 1786592 2251533 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 1 0 0 0 0 0 0 1 0 James E Bettendorf Chief Executive Officer 266234 0 16750 0 0 0 10282 0 26025 0 319291 0 0 0 Deb SteinkeChief Financial Officer (thru Dec. 2020) 121432 0 0 0 24614 0 5661 0 20635 0 172342 0 0 0 Scott Hamman VP & Chief Administrative Officer 133780 0 20195 0 0 0 5410 0 31265 0 190650 0 0 0 Jeff Smith VP of External Relations 130419 0 0 0 0 0 0 0 23970 0 154389 0 0 0 Part I, Line 4a Deb Steinke, Chief Financial Officer, received a severance payment of $24,614.40 Part I, Line 7 The bonuses for Jim Bettendorf, Melissa Plachecki, Jennifer Marcus, and Scott Hamman 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 Dakota County Community Development Agency MN 411253302 000000000 2014-03-14 3370000 Refinance bonds issued 2/26/09 0 0 0 B City of Redwood Falls MN 416005484 000000000 2012-12-06 7805000 Refinance bonds issued 12/23/09 for senior housing project 0 0 0 C City of North Mankato MN 416005423 000000000 2014-11-12 7155000 Refinance debt issued 4/22/2005 0 0 0 D O'Brien County State of Iowa 426005134 000000000 2013-04-22 7700000 Refund bonds issued 12/22/04 & capital expenditures Fieldcrest facility 0 0 0 A 3370000 11673 3358327 2014 1 0 1 1 B 1664686 7805000 156100 7648900 2012 1 0 1 1 C 855817 7155000 143100 7011900 2014 1 0 1 1 D 2038989 7700000 32183 154000 3738253 3807747 2014 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 0 1 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: Dakota County Community Development Agency, MN Date the Rebate Computation was Performed: 02/28/2019 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 A Cleveland-Cuyahoga County Port Authority OH 341029691 186103HF7 2014-11-18 14975710 Refinance of senior housing, assisted living & memory care issued 6/8/2006 0 0 0 B Housing and Redevelopment Authority of Willmar MN 363617875 000000000 2015-10-28 8647000 Refinance bonds issued 9/23/08 for senior housing project 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 3174171 14975710 103175 299514 14573021 2014 1 0 1 1 B 1204884 8646623 172940 8473683 2015 1 0 1 1 C 640310 5000000 100000 4900000 2015 1 0 1 1 D 669690 5229000 104580 114 5124306 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 Huntington National Bank 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A Lakes Area Economic Development Authority 200299143 000000000 2014-07-17 5280000 Refund bonds issued 7/20/05 with building remodel 0 0 0 A 1055345 5280000 105600 652821 4521579 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 Form 990, Part 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, 2021 was $184,828. 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: Change in fair value of interest rate swap 180,507. Monarch Meadows-GEAC LLC 2135 Lor Ray Drive North Mankato MN 56003 411970657 Assisted living MN 3697833 5286390 Vista Prairie Communities Fieldcrest-GEAC LLC 2501 E 6th Street Sheldon IA 51201 421519910 Assisted living IA 3615931 6911011 Vista Prairie Communities Garnette Gardens-GEAC LLC 511 South Dekald Street Redwood Falls MN 56283 411980868 Assisted living MN 4093326 5345576 Vista Prairie Communities St Clarence-GEAC LLC 30344 Lorain Road North Olmsted OH 44070 202586088 Assisted living OH 3697892 12640304 Vista Prairie Communities Windmill Ponds-GEAC LLC 715 Victor Street Alexandria MN 56308 411964961 Assisted living MN 2359169 3913431 Vista Prairie Communities Goldfinch Estates-GEAC LLC 850 Goldfinch Street Fairmont MN 56031 412020934 Assisted living MN 6340337 11126110 Vista Prairie Communities River Heights Assisted Living 744 19th Ave South St Paul MN 55075 411922184 Assisted living MN 2482345 2919664 Vista Prairie Communities Copperleaf-GEAC LLC 1550 1st Street North Willmar MN 56201 412013671 Assisted living MN 4334671 7215691 Vista Prairie Communities Vista Prairie Management LLC 7900 Excelsior Boulevard Suite 250 Hopkins MN 55343 451206462 Management Company MN 1822269 0 Vista Prairie Communities Vista Prairie at Brentwood LLC 633 Cameron Rd Rice Lake WI 54868 850679000 Assisted living WI 1121290 6660850 Vista Prairie Communities