2023-11-10T09:07:00-07:00 2023-06-30 990 2022-07-01 450229071 VALLEY HOMES AND SERVICES VALL 7017877912 2900 14th Ave S Grand Forks ND 58201 Garth Rydland President/CEO 7017877905 2023-11-10 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z DBA Valley Senior Living on Columbia DBA Tufte Manor Garth Rydland 2900 14th Ave S Grand Forks ND 58201 40196507 0 X www.valleyseniorliving.org X 1997 ND Operates a 196 bed Skilled Nursing Facility Operates a 70 bed Basic Care Facility 9 8 0 178 0 0 464189 6792854 30929184 33257276 532 126888 4476 19489 31398381 40196507 0 0 0 0 19977535 21780049 0 0 0 10364376 10963232 30341911 32743281 1056470 7453226 24112129 31493296 15029234 14957175 9082895 16536121 Valley Homes and Services provides compassionate care and service from a Christian perspective to enhance the quality of life for those we serve. 0 0 25536318 0 29868578 Operation of Valley Senior Living on Columbia a 196 bed Skilled Nursing Facility. FYE 6/30/2023 Valley Eldercare Center served on the average 185 residents per day with an annual average occupancy of 94%. Valley Senior Living on Columbia serves the Medicaid, Medicare and privately paying populations. 3261783 0 3378042 Operation of Tufte Manor a 70 bed Basic Care. FYE 6/30/2023 Tufte Manor on the average served 65 basic care residents, with an annual average occupancy of 93%. Tufte Manor serves both privately paying residents and those who qualify for the Basic Care Assistance Program. 0 0 0 28798101 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 X Lorilee A Bott 7017877912 2900 14th Ave S Grand Forks ND 58201 Garth Rydland President/CEO 0 40 X X X X 0 274628 25801 Gina Roller Administrator 4000 Valley Square 0 40 X X 0 170772 19668 Lorilee A Bott CFO 0 40 X X 0 156594 0 Jessica Baumgarten Director of Nursing Valley Senior Living on Columbia 40 0 X X 125277 0 31176 Sarah Sharpe RN Care Coordinator 49.00 0 X 121087 0 32608 Jennifer Schultz Director of Nursing Woodside Village 0 40 X X 0 129411 23104 Angela Goulet Tufte Manor Administrator-Director of PCS 40 0 X X 118616 0 32351 Kayla Porter Infection Preventionist 40 0 X 101291 0 30878 Phyllis Moen RN 40 0 X 110262 0 16400 Ruby Hoverson RN 40 0 X 103040 0 22363 Margaret Reed Chairperson 0 0 X X 0 0 0 Peter Hoistad Treasurer 0 0 X X 0 0 0 Karen Brekke Secretary 0 0 X X 0 0 0 David Molmen Vice Chair 0 0 X X 0 0 0 Patrick Moore Director 0 0 X 0 0 0 Michael Brown Director 0 0 X 0 0 0 Sarah Raymond Director 0 0 X 0 0 0 Dwight Thompson Director 0 0 X 0 0 0 679573 731405 234349 6 0 1 0 0 0 0 0 55863 6736991 0 0 6792854 Skilled Nursing Valley Senior Living on Columbia 623110 29834929 29834929 0 0 Basic Care DBA: Tufte Manor 623110 3378042 3378042 0 0 Other Resident Revenue Haircare, Cable, etc 623110 40826 0 0 40826 Other Revenue-Meals, Postage, etc. 623110 3479 0 0 3479 0 0 0 0 33257276 126888 126888 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Change in Interest Net Assets Valley Senior Living Foundaiton 623110 12717 12717 0 0 6772 6772 0 0 19489 40196507 33359348 0 44305 243893 243893 0 0 0 0 0 0 17185520 16845393 340127 0 816702 800759 15943 0 2233402 2189385 44017 0 1300532 1274251 26281 0 21284 0 21284 0 172 0 172 0 28695 0 28695 0 4325 0 4325 0 154584 0 154584 0 310713 0 310713 0 804880 804880 0 0 15838 12392 3446 0 62388 53742 8646 0 681590 681590 0 0 0 0 0 0 1454802 1454802 0 0 249503 249503 0 0 Direct Supplies 1654185 1654185 0 0 Contract Services/Management Fee 4138699 1468822 2669877 0 Food 983632 983632 0 0 Employee Expense 106100 0 106100 0 291842 80872 210970 0 32743281 28798101 3945180 0 6681439 4083913 2807889 3167674 3786347 76377 42484 423361 286251 11584 9529 42203475 31741270 9995655 10462205 3756039 10014678 24112129 31493296 1205355 1531116 13965000 13200000 17730 127650 -158851 98409 15029234 14957175 X 8882730 16323239 200165 212882 9082895 16536121 24112129 31493296 7453226 0 0 0 0 0 X 0 1 1 0 X 109560 703474 49992 125049 55863 1043938 0 26694739 26890125 30929183 33257276 117771323 109560 27398213 26940117 31054232 33313139 118815261 118815261 43408 4387 1785 532 126888 177000 43408 4387 1785 532 126888 177000 152968 27402600 26941902 31054764 33440027 118992261 0.99851 0.99880 0.00149 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 369938 369938 0 33779456 26055357 7724099 0 2113829 1484977 628852 0 5817009 4200936 1616073 0 123243 0 123243 10462205 Employee Retention Credit Receivable 6736991 Assets Whose Limited Funds Held by Trustee 1976755 Fair Rental Value Reserve Account 116354 Investment in LTC Bed Licenses 943617 Interest in Net Assets of Valley Senior Living Foundation 212882 Resident Trust Funds 28079 10014678 0 Payable to Valley Senior Living 231087 Unamortized Bond Premium, Discount, Issue Costs -160756 Resident Trust Funds 28078 98409 X X X 0 1 0 0 0 0 0 0 0 Garth Rydland President/CEO 0 252406 0 22222 0 9439 0 16362 0 0 0 300429 0 0 Gina Roller Administrator 4000 Valley Square 0 165222 0 5550 0 9297 0 10371 0 0 0 190440 0 0 Lorilee A Bott CFO 0 156594 0 0 0 16092 0 9870 0 0 0 182556 0 0 Schedule J, Part I, Line 3 Compensation of President/CEO is determined by a compensation committee. Base salary is evaluated by comparison to other organizations of similar size and function. Schedule J, Part I, Line 4 Valley Senior Living participates in a 457B plan. A City of Grand Forks 456002085 38549PAP7 2016-12-28 5872000 Advance Refunding of 2009 and 2012 Series 0 0 1 B City of Grand Forks 456002085 38549PBG6 2017-05-04 6696539 To finance building renovation project and equipment 0 0 1 A 3720000 0 5872000 1014180 0 11411486 223380 0 0 0 0 0 2016 0 1 1 1 B 435000 0 6696539 674957 0 0 262258 0 0 6995683 0 0 2017 0 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 Form 990, Part VI, Section A, Line 9 Margaret Reed, 297 Circle Hills Dr, Grand Forks, ND 58201; Dave Molmen, 665 Desiree Dr, Grand Forks, ND 58201; Pete Hoistad, 118 Breezy Hills Cove, Grand Forks, ND 58201; Karen Brekke, 1413 Central Ave NW, East Grand Forks, MN 56721; Dwight Thompson, 541 Aviamar Cir, Grand Forks, ND 58201; Patrick Moore, 611 Terrace Dr, Grand Forks, ND 58201; Michael Brown, 601 Desiree Dr, Grand Forks, ND 58201; Sarah Raymond, PO Box 326, Thompson, ND 58278-0326 Form 990, Part VI, Section B, Line 11b The CFO with the assistance of the President/CEO prepares the Form 990. A draft of the Form 990 and all applicable schedules are sent to the Board of Directors for review prior to a meeting held in November. The CFO explains any changes, specifically reviews Part VI with the Board of Directors, inquires if any of their family members are employed or has done business with Valley Homes and Services, and answers any questions. The Form 990 is e-filed. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is stated in Article 8 of the bylaws. It is reviewed with the Board of Directors at board orientation and Directors are requested to sign the form annually. Form 990, Part VI, Section B, Line 15 The President/CEO's compensation is determined as follows: The compensation committee reviews the ND Long Term Care Association's state compensation survey each year to assess how Valley Senior Living's CEO's salary compares with others of similar size and function. In addition, the committee may refer to salaries reported in other like sized non-profit facilities' Form 990. the salary survey provides a gauge when it considers change to base compensation. the committee also reviews the organization's performance and strategic plan goals to develop an incentive compensation plan in addition to base salary. Compensation for the executive management team includes a performance appraisal completed by the President/CEO or their direct supervisor. Employees are eligible for annual inflationary increases to their base salary. The percentage is based upon the approved annual budget and/or other board approved increases. The ND Long Term Care Association's salary survey is also reviewed and adjustments are made to the base salary if the survey demonstrated underpayment compared to like sized operations. The Executive Management team members may also be eligible to receive incentive compensation based upon goals established by the President/CEO. Form 990, Part VI, Section C, Line 19 Valley Homes and Services' governing documents, conflict of interest policy and financial statements are available upon request. Requests should be made to the CFO at Valley Senior Living's corporate offices, located at Valley Senior Living on Columbia, 2900 14th Ave S, Grand Forks, ND 58201 between the hours of 8:30-4:30 Monday through Friday. Valley Senior Living 2900 14th Ave S Grand Forks ND 58201 450448164 Provide management, nursing, chaplaincy and other support to LTC facilities ND 501 (c) 3 Line 11 Type 1 N/A 0 4000 Valley Square Inc 4000 24th Ave S Grand Forks ND 58201 311558826 Skilled Nursing Facility Assisted Living and Senior Housing ND 501 (c) 3 Line 9 N/A 0 Valley Senior Living Foundation 2900 14th Ave S Grand Forks ND 58201 450392710 Seek and accept gifts to support LTC faciities ND 501 (c) 3 Line 7 N/A 0 Cherrywood Village 2900 14th Ave S Grand Forks ND 58201 454276187 Low Income Sr Apts (in Development phase) ND 501 (c) 3 Line 9 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 Valley Senior Living Foundation c 55863 Actual contribution Valley Senior Living p 2865313 Direct cost or allocated.