2020-08-06T10:28:40-05:00 2019-09-30 411765929 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2018-10-01 411889334 Cottonwood Ridge Apartments COTT 5077234500 712 E Cottonwood St Springfield MN 560871167 Thomas Goeritz CEO 5077234500 2020-08-06 1 Deb Nelson CPA P01264758 6122536500 2020-08-06 216.147.181.49 2020-08-06 10:15:31 CD P 5755687E6BF8D8D10BDE3B83E6631EF3D64C584D 5755687E6BF8D8D10BDE3B83E6631EF3D64C584D 2018 2020-09-23 17:36:50Z Thomas Goeritz 712 E Cottonwood St Springfield MN 560871167 91462 0 X www.sjlhome.com X 1997 MN Housing services for the elderly. 9 9 0 12 0 0 0 0 91295 90455 315 1007 0 0 91610 91462 0 0 0 0 0 0 0 0 0 135693 120866 135693 120866 -44083 -29404 528556 535168 93252 129268 435304 405900 None 0 0 64823 90455 Cottonwood Ridge provides housing facilities and services for very low income elderly residents. Cottonwood Ridge consists of a 24 unit multi-family housing project. The organization meets the emotional, housing and physical needs of its residents. Home care services are offered to tenants through St. John Lutheran Home, a related entity. 64823 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 0 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 MN X Thomas Goeritz 5077233209 201 S County Road 5 Springfield MN 56087 Dan Olson Chair 0.50 0.50 X X 0 0 0 Randy Therkilsen Vice Chair 0.50 1.00 X X 0 0 0 Laurie Fredin Secretary 0.50 0.50 X X 0 0 0 Jo Schwartz Director(Oct-Jan)/Treasurer(Feb-Sep) 0.50 1.00 X X 0 0 0 Pat Renberg Treasurer(left Feb 2019) 0.50 0.50 X X 0 0 0 Gilbert Anderson Director 0.50 1.00 X 0 0 0 Willis Meyer Director 0.50 0.50 X 0 0 0 Rachel Evers Director 0.50 0.50 X 0 0 0 Pam Wendt Director 0.50 0.50 X 0 0 0 Paula Roiger Director 0.50 0.50 X 0 0 0 Ken Hemmingsen Jr Director(left Feb 2019) 0.50 0.50 X 0 0 0 Sue Steinke Director(left Feb 2019) 0.50 0.50 X 0 0 0 Gary Poortvliet Director(left Feb 2019) 0.50 0.50 X 0 0 0 Thomas Goeritz CEO 0.50 24.50 X 0 131683 2652 Donna Torkelson CFO(left April 2019) 0.50 37.50 X 0 20149 2148 0 151832 4800 0 0 0 0 0 Resident Service Reven 623000 87241 87241 Miscellaneous Revenue 900099 3214 3214 90455 1007 1007 91462 90455 0 1007 X 4413 4413 10155 10155 32102 6760 25342 1577 1577 7745 2507 5238 27996 24431 3565 89 89 19 19 32462 27593 4869 4133 3513 620 Licenses 175 175 120866 64823 56043 0 15894 36961 417 2825 1980 1734232 1341607 418609 392625 91228 103185 528556 535168 88099 123516 5153 5752 93252 129268 X 435304 405900 435304 405900 528556 535168 -29404 0 X 0 1 X 1 0 X 65381 70450 79159 91295 90455 396740 65381 70450 79159 91295 90455 396740 0 6528 22853 1995 31376 6528 22853 1995 31376 365364 70 80 108 315 1007 1580 70 80 108 315 1007 1580 65451 70530 79267 91610 91462 398320 0.91730 0.92430 0.00400 0.00170 X 0 1 X 93332 93332 1538003 1240789 297214 102897 100818 2079 392625 X 91462 0 91462 0 91462 120866 0 120866 0 120866 Part IV, Line 2b: The Organization holds tenant security deposits. These deposits totaled $5,752 for the fiscal year ending September 30, 2019. Part X, Line 2: Cottonwood Ridge is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Cottonwood Ridge is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, Cottonwood Ridge is subject to income tax on any net income that is derived from business activities that are unrelated to its exempt purpose. Cottonwood Ridge 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. Cottonwood Ridge 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. Form 990, Part VI, Section A, line 2 Thomas Goeritz and Donna Torkelson have a business relationship with all board members. Form 990, Part VI, Section A, line 3 St. John Lutheran Home, a related organization, contracted with an outside firm for interim CFO services. That firm eceived payment of 52,410 from St. John Lutheran Home. This interim CFO also provided services to the Foundation. Form 990, Part VI, Section A, line 7a Directors of the organization shall, at all times, be limited to individuals who are either members of St. John Lutheran Home, or nonmembers who have been approved by St. John Lutheran Home. 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 CEO and CFO will review the draft in detail and provide copies to the Board. Form 990, Part VI, Section B, line 12c The policy currently covers board members and the CEO and CFO. Annual statements are reviewed by the CEO. If a board member has a conflict, that individual must refrain from voting on the matter. Form 990, Part VI, Section B, line 15 The CEO and other officers of the organization are compensated by a related organization which has a process in place for determining compensation. This is an annual process. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements would be made available to the public upon request. Each request would be reviewed on a case by case basis. Form 990, Part IX, line 11g Fees for Services: Program service expenses 6,760. Management and general expenses 25,342. Fundraising expenses 0. Total expenses 32,102. St John Lutheran Home 201 S County Road 5 Springfield MN 56087 410711592 Skilled Nursing Care MN 501(c)(3) Line 10 N/A 0 St John Lutheran Home Foundation 201 S County Road 5 Springfield MN 56087 363372067 Support St. John Lutheran Home MN 501(c)(3) Line 7 St John Lutheran Home 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0