2024-08-14T09:37:44-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-10-01 411358761 GUARDIAN ANGELS HOMES INC GUAR 7632414445 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 TROY M HANSON CFO 7632414445 2024-08-08 1 0 DANIEL DEYLE P01742059 6123764500 2024-08-08 2022 2024-08-08 14:25:15Z TERESA LARSON 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 1240500 0 X WWW.GUARDIANANGELSMN.ORG X 1978 MN TO PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS. 13 13 0 74 0 0 186412 92132 1013434 1110054 78 -278 6430 10746 1206354 1212654 0 0 0 0 300975 283031 0 0 0 783110 880262 1084085 1163293 122269 49361 1255148 1297803 3124731 3118025 -1869583 -1820222 X PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS. 0 0 844841 0 1110054 PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS. 844841 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 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 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X TROY HANSON 7632414428 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 TRACI LARSON PRESIDENT/CEO 1.00 39.00 X 0 243170 4611 DANIEL DIXON FORMER OFFICER 1.00 39.00 X 0 117635 11386 TROY HANSON VICE PRESIDENT/CFO 1.00 39.00 X 0 241416 34388 LINDA M KRIEGER CHAIR 1.00 5.00 X X 0 0 0 DARYL HERRMANN VICE CHAIR AND DIRECTOR 1.00 5.00 X X 0 0 0 JOYCE LECLAIRE DIRECTOR AND VICE CHAIR 1.00 5.00 X X 0 0 0 CHARLENE SHEETS SECRETARY/TREASURER (THRU DEC 2022) 1.00 5.00 X X 0 0 0 LYNN SCHULER DIRECTOR AND SECRETARY/TREASURER 1.00 5.00 X X 0 0 0 DUSTIN CAMPBELL DIRECTOR 1.00 5.00 X 0 0 0 BILL HUDSON DIRECTOR 1.00 5.00 X 0 0 0 TRISHA MOWRY DIRECTOR 1.00 5.00 X 0 0 0 JEFF NAGORSKI DIRECTOR (THRU DEC 2022) 1.00 5.00 X 0 0 0 JOANIE NICHOLS DIRECTOR 1.00 5.00 X 0 0 0 JULIE RAITZ DIRECTOR (THRU DEC 2022) 1.00 5.00 X 0 0 0 CHRIS ROBINSON DIRECTOR (THRU DEC 2022) 1.00 5.00 X 0 0 0 NANCY ROSCOE LLOYD DIRECTOR (THRU DEC 2022) 1.00 5.00 X 0 0 0 EMILY SCHROEDER DIRECTOR 1.00 5.00 X 0 0 0 ARLO SCHULTZ DIRECTOR 1.00 5.00 X 0 0 0 GORDY VETSCH DIRECTOR 1.00 5.00 X 0 0 0 GAIL WEBER DIRECTOR 1.00 5.00 X 0 0 0 NICK ZERWAS DIRECTOR 1.00 5.00 X 0 0 0 0 602221 50385 0 1 1 0 0 91656 476 92132 RESIDENT REVENUE 623000 1090354 1090354 LAUNDRY REVENUE 812300 19700 19700 1110054 173 173 27395 27846 -451 -451 -451 MISCELLANEOUS INCOME 900099 10746 10746 10746 1212654 1110054 0 10468 226124 139648 86476 4837 2999 1838 37416 23198 14218 14654 9085 5569 97352 97352 9443 9443 57800 57800 771 771 31112 22169 8943 273248 273248 3636 697 2939 195286 195286 107012 107012 32652 32652 MISCELLANEOUS EXPENSE 56955 1973 54982 MINOR EQUIPMENT 9085 9085 LICENSES AND PERMITS 2641 2641 DUES AND SUBSCRIPTIONS 2443 2443 826 826 1163293 844841 318452 0 160 4940 2891 34373 40274 30481 4727943 3826824 878876 901119 332947 326890 1255148 1297803 26559 32686 4363 5837 43909 43734 2848733 2787077 201167 248691 3124731 3118025 X -1869583 -1820222 -1869583 -1820222 1255148 1297803 49361 0 X X 0 1 X 1 0 X 6274 803 186412 92132 285621 961642 988805 990766 1013434 1110054 5064701 961642 995079 991569 1199846 1202186 5350322 0 0 0 5350322 247 161 93 78 173 752 247 161 93 78 173 752 5787 4810 7304 6430 10746 35077 967676 1000050 998966 1206354 1213105 5386151 0.99330 0.99380 0.00010 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 31852 31852 3888718 3300033 588685 132722 92217 40505 674651 434574 240077 901119 ESCROW FUND ACCOUNTS 56181 TENANT SECURITY DEPOSITS 43738 RESERVE FOR REPLACEMENTS 117884 RESIDUAL RECEIPTS 106270 DUE FROM RELATED ENTITY 2817 326890 DUE TO RELATED PARTIES 248691 248691 X 1212932 0 1212932 -278 -278 1212654 1152844 451 451 1152393 10900 10900 1163293 PART IV, LINE 2B: THE PROJECT ALSO HOLDS IN TRUST, SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS, PLUS INTEREST, AS A LIABILITY. PART X, LINE 2: GUARDIAN ANGELS HOMES, INC. HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE PROJECT FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE PROJECT'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 173. LOSS FROM SALE OF ASSETS -451. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM SALE OF ASSETS 451. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS FINANCIAL 10,900. 0 0 0 0 0 0 0 0 0 TRACI LARSON PRESIDENT/CEO 0 206290 0 30880 0 6000 0 0 0 4611 0 247781 0 0 DANIEL DIXON FORMER OFFICER 0 101301 0 14453 0 1881 0 5548 0 5838 0 129021 0 0 TROY HANSON VICE PRESIDENT/CFO 0 219649 0 21767 0 0 0 11483 0 22905 0 275804 0 0 PART I, LINE 3 THE PRESIDENT & CEO IS COMPENSATED BY GUARDIAN ANGELS OF ELK RIVER, A RELATED ORGANIZATION. THE FOLLOWING METHODS WERE USED TO ESTABLISH THE CEO'S COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 1A RESOLUTIONS OF THE BOARD MAY ESTABLISH COMMITTEES FROM TIME TO TIME HAVING THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION TO THE EXTENT PROVIDED IN THE RESOLUTION OR AS MERELY ADVISORS TO THE BOARD IN ITS CONDUCT OF THE BUSINESS OF THE CORPORATION. COMMITTEES ARE SUBJECT AT ALL TIMES TO THE DIRECTION AND CONTROL OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 ALL MANAGEMENT SERVICES ARE PROVIDED BY GUARDIAN ANGELS OF ELK RIVER, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE AND PRESIDENT/CEO, INCLUDING A CONFIRMATION OF THE ACCURACY OF EVERY ANSWER AND OVERSIGHT OF APPROPRIATE CHANGES. UPON COMPLETION OF THE VICE PRESIDENT OF FINANCE AND PRESIDENT/CEO'S REVIEW, THE FORMS ARE MADE AVAILABLE TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND DIRECTOR FILL OUT A CONFLICT OF INTEREST FORM. IF A CONFLICT EXISTS IT IS ADDRESSED BY THE BOARD AND MANAGEMENT ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IX, LINES 7-10 GUARDIAN ANGELS HOMES, INC. DOES NOT HAVE ANY EMPLOYEES. THE SALARY AND BENEFITS EXPENSES ON PAGE 10 OF THE FORM 990 ARE AMOUNTS THAT ARE ALLOCATED TO GUARDIAN ANGELS HOMES, INC. FROM GUARDIAN ANGELS OF ELK RIVER, INC. FOR GUARDIAN ANGELS HOMES, INC.'S PORTION OF THE EXPENSES. GUARDIAN ANGELS HEALTH SERVICES INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 410858938 NURSING HOME, HOUSING AND ADULT DAY CARE MN 501(C)(3) LINE 10 GUARDIAN ANGELS OF ELK RIVER INC 0 EVANS PARK INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 411542976 HOUSING FOR THE ELDERLY MN 501(C)(3) LINE 10 GUARDIAN ANGELS OF ELK RIVER INC 0 ANGEL RIDGE INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 411726974 HOUSING FOR THE ELDERLY MN 501(C)(3) LINE 10 GUARDIAN ANGELS OF ELK RIVER INC 0 PINE CONE MANOR INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 411871435 HOUSING FOR THE ELDERLY MN 501(C)(3) LINE 10 GUARDIAN ANGELS OF ELK RIVER INC 0 GUARDIAN ANGELS OF ELK RIVER INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 411459252 ADMINISTRATION FOR CARING FOR THE ELDERLY MN 501(C)(3) LINE 12B, II N/A 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 GUARDIAN ANGELS OF ELK RIVER INC C 91656 ACTUAL AMOUNT