2023-09-19T13:57:38-05:00 2022-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-01-01 411367392 Pioneer Housing Development Inc PION 3206853693 200 8th Avenue North Cold Spring MN 56320 Mary Boyde Interim Administrator 3206853693 2023-09-19 1 Mary Boyde 999009999 1 Kim Hunwardsen CPA P00484560 6122536500 2023-09-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z John Paul Apartments Mary Boyde 200 8th Avenue North Cold Spring MN 56320 580748 0 X www.assumptioncommunity.com X 1980 MN To provide affordable housing for elderly individuals in Cold Spring, MN. 12 12 0 15 0 0 0 0 529731 580588 231 160 0 0 529962 580748 0 0 0 0 0 0 0 0 0 564889 551634 564889 551634 -34927 29114 1080886 841000 1779668 1510668 -698782 -669668 To provide a continuum of quality care in a Christian manner that honors the dignity of the members of our local community. 0 0 478027 580588 Pioneer Housing Development, Inc. operates John Paul Apartments, a 61-unit apartment complex in Cold Spring, Minnesota, for elderly individuals under Section 207 pursuant to Section 223(f) of the National Housing Act. The apartment complex is regulated by the U.S. Department of Housing and Urban Development (HUD) as to rent charges and operating methods. The apartment complex does not have any non-income producing units. The apartment complex is also subject to Section 8 Housing Assistance Payments agreements with HUD, providing for payments for the apartment units leased to eligible low-income, elderly tenants pursuant to Section 8 of the U.S. Housing Act of 1937. 478027 1 0 0 0 0 0 0 0 1 0 1 0 0 1 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 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X Mary Boyde 3206853693 715 North 1st Street Cold Spring MN 56320 Rev Matthew Luft Second VP/CEO 1.00 2.00 X X 0 0 0 Chad Middendorf Treasurer (Jan - Jun) 1.00 2.00 X X 0 0 0 Mike Roth Treasurer (Jul - Dec) 1.00 2.00 X X 0 0 0 Larry Sell Secretary 1.00 2.00 X X 0 0 0 Melissa Rowe Director 1.00 2.00 X 0 0 0 Father Isaiah Frederick Director 1.00 2.00 X 0 0 0 Cheryl Eickhoff Director 1.00 2.00 X 0 0 0 Terri Larison Director 1.00 2.00 X 0 0 0 Kelly Springer Director (Jan - Jul) 1.00 2.00 X 0 0 0 Nicole Holthaus Director 1.00 2.00 X 0 0 0 Harry Bertram Director 1.00 2.00 X 0 0 0 John Phillips Director (Jan - Jul) 1.00 2.00 X 0 0 0 Brother David Allen Director 1.00 2.00 X 0 0 0 Scott Rowe Director (Aug - Dec) 1.00 2.00 X 0 0 0 Merrilee Stang Director (Aug - Dec) 1.00 2.00 X 0 0 0 Brenda Weller Director of Finance 1.00 39.00 X 0 84901 34845 Jan Luthens Administrator (Jan) 1.00 39.00 X 0 22422 673 Paul Gaebe Administrator (Jan - Sept) 0.50 19.50 X 0 31886 236 Mary BoydeInterim Administrator (Sept - Dec) 1.00 39.00 X 0 38077 0 0 177286 35754 0 0 0 0 Assumption Home Inc 715 North 1st St Cold Spring MN 56320 Management, meals & other services 266030 1 Apartment Revenue 623000 528061 528061 Other Service Income 623990 52527 52527 580588 160 160 580748 580588 0 160 X 37123 37123 18300 18300 176238 175886 352 673 673 14470 11081 3389 10644 10644 71494 71086 408 774 774 68782 68390 392 52383 52085 298 24570 24430 140 Food 72085 72085 4098 2984 1114 551634 478027 73607 0 1999 4123 5508 2631 15537 15729 3639378 3137389 516316 501989 541526 316528 1080886 841000 42055 11967 24240 24603 1475242 1428068 238131 46030 1779668 1510668 X -698782 -669668 -698782 -669668 1080886 841000 29114 0 X 0 1 X 1 0 X 160 30 190 601858 595361 562588 529731 580588 2870126 602018 595391 562588 529731 580588 2870316 0 204846 216018 217980 218175 248775 1105794 204846 216018 217980 218175 248775 1105794 1764522 303 375 333 231 160 1402 303 375 333 231 160 1402 602321 595766 562921 529962 580748 2871718 0.61440 0.63420 0.00050 0.00050 X 0 1 X 64664 64664 3030689 2728925 301764 384557 337024 47533 159468 71440 88028 501989 Tenant Security Deposits 24603 Reserve for Replacements 254702 Tax and Insurance Escrow 19072 Residual Receipts 15451 MIP Escrow 2700 316528 Related Party AP 46030 46030 X 580748 0 580748 0 580748 551634 0 551634 0 551634 Part IV, Line 2b: The project holds in trust security deposits advanced by the tenants of the project. The project records these deposits plus 1% simple interest as a liability. Part X, Line 2: The Project 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 Project 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 Melissa Rowe and Scott Rowe have a family relationship. The Administrator and Director of Finance are employed by Assumption Home, Inc., a related tax-exempt organization. Members of the board are also board members of Assumption Home, Inc. Therefore, a business relationship exists between these individuals. Form 990, Part VI, Section A, line 3 The Organization has various contracts with Assumption Home, Inc., a related tax-exempt organization, to perform management, bookkeeping, and housekeeping services; telephone, maintenance, activities, and meals services; and employs a program manager for the complex. During 2022 $266,030 was paid under these contracts. Form 990, Part VI, Section A, line 6 The members of the corporation shall be as follows: 1. The Bishop of the Diocese of Saint Cloud or the person, who in his stead, exercises ordinary jurisdiction over the spiritual and temporal affairs of the Diocese of Saint Cloud in accordance with the legislation of the Roman Catholic Church; 2. The Vicar General of the Diocese of Saint Cloud, who has been appointed to be a member ex-officio of the corporation of the Diocese of Saint Cloud. In the event of a vacancy in the office of the Bishop, in those cases in which the Vicar General's office ceases, then and in such event the person who was the Vicar General, continues to be a member ex-officio of this corporation with all the rights and powers included thereto, but his membership shall cease at once when the Office of Vicar General has been filled; 3. The Pastor of the Church of Saint Boniface, Cold Spring, Minnesota; and 4. Two (2) trustees who are members of the Church of Saint Boniface, Cold Spring, Minnesota, which have been elected by the membership of the corporation. There shall be only one class of members of the corporation and each member shall be entitled to one vote on all actions that come before the membership of the corporation. Form 990, Part VI, Section A, line 7a The Board of Directors shall be elected by the members of the corporation. Form 990, Part VI, Section A, line 7b The members reserve the following functions: 1. Appoint the Board of Directors and remove any member with or without cause; 2. Approve a merger or dissolution of the organization; 3. Amendment of the Articles of Incorporation; and 4. Support and assess the Roman Catholic identify and mission of the organization and verify adherence to the Ethical and Religious Directives for Catholic Health Care Services now current or hereafter amended, as recommended by the Bishop of the Diocese of St. Cloud. Form 990, Part VI, Section A, line 8b The Organization does not have a committee with the authority to act on behalf of the governing board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent public accounting firm and is reviewed by both the Administrator and the Director of Finance. After their review, the Form 990 is provided to the Board of Directors, who review and approve it prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization's conflict of interest policy applies to all officers and members of the Board of Directors. The Administrator annually reviews the Board Members' associations for conflicts of interest. The Board of Directors annually reviews the Administrator's associations for conflicts of interest. If a conflict arises, depending on the circumstances, the conflicted individual abstains from voting, steps down from the Board, or terminates the association with the other party. Form 990, Part VI, Section B, line 15 The Organization does not pay compensation to its officers, directors, or key employees. The Organization's officers are compensated by a related organization. Form 990, Part VI, Section C, line 19 The governing documents, financial statements, and conflict of interest policy are available upon request. Form 990, Part IX, line 11g Contract Housekeeping JPA: Program service expenses 1,051. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,051. Contract Maintenance JPA: Program service expenses 5,171. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,171. Consultants / Contracted Serv: Program service expenses 141,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 141,600. Pest Control: Program service expenses 2,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,807. Repairs & Maintenance: Program service expenses 25,257. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,257. Maintenance M&G: Program service expenses 0. Management and general expenses 352. Fundraising expenses 0. Total expenses 352. Assumption Home Inc 715 N 1st Street Cold Spring MN 56320 410873335 Nursing home MN 501(c)(3) Line 10 N/A 0 Assumption Community Services Inc 615 N 1st Street Cold Spring MN 56320 800276405 Home care services MN 501(c)(3) Line 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0