2024-11-14T07:46:12-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2023-01-01 363363881 WALKER SENIOR HOUSING CORPORATION II WALK 6128278400 11055 WAYZATA BLVD 200 MINNETONKA MN 55305 MARNIE GUGISBERG KNUTE NELSON CFO 6128278400 2024-11-13 1 0 KRISTEN DONLEVY P01670215 4144761880 2024-11-13 2023 2024-10-15 13:58:12Z X WALKER METHODIST RIVER SCOTT RIDDLE 11055 WAYZATA BLVD 200 MINNETONKA MN 55305 0 0 X WWW.WALKERMETHODIST.ORG X 1985 MN PROVIDE AFFORDABLE SENIOR LIVING FOR ADULTS 62 & OLDER IN A 45-UNIT COMMUNITY IN ANOKA, MN. X 4 1 0 0 0 0 0 0 76678 0 2471208 -14207 4314 0 2552200 -14207 0 0 0 0 28124 0 0 0 0 74950 0 103074 0 2449126 -14207 2186753 0 0 0 2186753 0 LIFE. AND ALL THE LIVING THAT GOES WITH IT. ENHANCING THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT, AND SERVICE. 0 0 WALKER SENIOR HOUSING CORPORATION II, D/B/A WALKER METHODIST RIVER ACCOMPLISHES ITS EXEMPT PURPOSE BY PROVIDING AFFORDABLE SENIOR LIVING ADULTS 62 YEARS OF AGE AND OLDER IN A 45-UNIT COMMUNITY LOCATED IN ANOKA, MINNESOTA. WALKER METHODIST RIVER IS A FEDERALLY-SUBSIDIZED HUD 202, SECTION 8, SENIOR HOUSING COMMUNITY. RESIDENTS ARE OFFERED OPPORTUNITIES FOR SOCIAL INTERACTION AND CHARITABLE GIVING AND RECEIVING. FOR THE YEAR ENDED DECEMBER 31, 2023, WALKER METHODIST RIVER HAS BEEN DISSOLVE. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X ANGELA SUDBECK 3207631165 420 12TH AVE E ALEXANDRIA MN 56308 PHIL HANSON CHAIR 0.02 0.23 X 0 0 0 MICK FINN VICE CHAIR 0.03 0.22 X 0 0 0 LYNN SWON TREASURER 0.03 0.22 X 0 0 0 FRED SEMMER SECRETARY 0.03 0.22 X 0 0 0 SCOTT RIDDLE PRESIDENT/CEO 4.20 45.80 X 0 450813 21688 RUSS GRUNDHAUSER CFO 4.20 45.80 X 0 261917 29743 VERONICA BARNAS VP OF HR 4.20 45.80 X 0 186560 12567 BEVERLY RANSFORD VP OF QUALITY 4.20 45.80 X 0 190587 2889 STEPHEN WILSON VP OF OPERATIONS 4.20 45.80 X 0 179347 10429 BRENDA SCHRUPP VP OF QUALITY AND CORP COMPLIANCE 4.20 45.80 X 0 167685 10420 0 1436909 87736 0 0 1 0 0 14207 -14207 -14207 -14207 -14207 0 0 -14207 0 0 0 0 4889 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2181864 0 2186753 0 0 0 X 2186707 0 46 0 2186753 0 2186753 0 X -14207 -2172546 X 0 1 X 1 0 X 33 1150 1994 3177 485299 498997 492450 76678 1553424 485332 500147 494444 76678 1556601 0 163781 279193 243043 20522 706539 163781 279193 243043 20522 706539 850062 22218 23289 29734 4020 79261 22218 23289 29734 4020 79261 202887 382 69678 318 273265 710437 523818 593856 81016 1909127 0.44530 0.44370 0.04150 0.04360 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY INCOME MISCELLANEOUS INCOME INSURANCE PROCEEDS 0 X PART X, LINE 2: THE CORPORATION HAS BEEN GRANTED EXEMPT STATUS FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE CORPORATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE CORPORATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. 0 0 0 0 1 0 1 0 0 SCOTT RIDDLE PRESIDENT/CEO 0 425423 0 16100 0 9290 0 5959 0 15729 0 472501 0 0 RUSS GRUNDHAUSER CFO 0 247830 0 10000 0 4087 0 5364 0 24379 0 291660 0 0 VERONICA BARNAS VP OF HR 0 171560 0 15000 0 0 0 3842 0 8725 0 199127 0 0 BEVERLY RANSFORD VP OF QUALITY 0 120720 0 20000 0 49867 0 2524 0 365 0 193476 0 0 STEPHEN WILSON VP OF OPERATIONS 0 174044 0 3470 0 1833 0 9773 0 656 0 189776 0 0 BRENDA SCHRUPP VP OF QUALITY AND CORP COMPLIANCE 0 158579 0 100 0 9006 0 3430 0 6990 0 178105 0 0 PART I, LINE 3 THE ORGANIZATION RELIED ON WALKER SENIOR SERVICES, INC., A RELATED ORGANIZATION, WHEN SETTING REASONABLE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. WALKER SENIOR SERVICES, INC. RELIED UPON WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 5 WALKER SENIOR HOUSING CORPORATIONII'S PARENT, WALKER METHODIST, HAS AN INCENTIVE PLAN FOR THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE FOLLOWING IS A COPY OF THE PLAN DESCRIPTION FROM WALKER METHODIST'S 2023 FORM 990: PURPOSE: THE PURPOSE OF THE PLAN IS TO PROVIDE INCENTIVE COMPENSATION TO ITS MANAGEMENT AND PROFESSIONAL STAFF WHO MAKE SIGNIFICANT CONTRIBUTIONS TO THE ACHIEVEMENT OF BUDGETED FINANCIAL AND STRATEGIC GOALS AS ESTABLISHED BY WALKER METHODIST, INC. ELIGIBILITY: ELIGIBILITY FOR THE PLAN IS LIMITED TO REGULAR MANAGEMENT EMPLOYEES WHO RETAIN THE JOB TITLE OF CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF ADMINISTRATIVE OFFICER, VICE PRESIDENT OF OPERATIONS, VICE PRESIDENT OF HUMAN RESOURCES, EXECUTIVE DIRECTORS, DIRECTORS, CONTROLLER, DIRECTORS OF HOUSING, DIRECTOR OF SPIRITUAL CARE, CORPORATE DIRECTORS OF HUMAN RESOURCES AND EDUCATION, AND DEPARTMENT HEADS. OTHER KEY EMPLOYEES MAY BE INCLUDED IN THE PLAN AS APPROVED BY THE CHIEF EXECUTIVE OFFICER. FOR 2023, THE CHIEF EXECUTIVE OFFICER HAS APPROVED INCLUSION OF CORPORATE MANAGERS AND NURSE MANAGERS. IN ORDER TO PARTICIPATE IN THE PLAN FOR A PARTICULAR PLAN YEAR, EMPLOYEES, WHO ARE NEWLY HIRED OR PROMOTED TO AN ELIGIBLE POSITION, MUST BE EMPLOYED IN THE POSITION BY JUNE 30TH OF THAT PLAN YEAR. PLAN GOALS: THE CHIEF EXECUTIVE OFFICER HAS APPROVED THE INCLUSION OF DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS IN THE PLAN. DEPARTMENT HEADS, CORPORATE MANAGERS, AND NURSE MANAGERS HAD ONLY ONE GOAL AROUND THEIR RESPECTIVE COMMUNITY'S BUDGETED OPERATING EBITDA. IN ADDITION TO MEETING THE FINANCIAL PLAN GOAL, THEY MUST HAVE BEEN CONTRIBUTING MEANINGFULLY TO THE ADVANCEMENT OF WALKER'S MISSION TO ENHANCE THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT AND SERVICE, AND HAVE OVERALL PERFORMANCE IN LINE WITH WALKER'S VALUES OF RESPECT, IMAGINATION AND COLLABORATION. IF THEIR COMMUNITY ACHIEVED AN OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL, THEY EARNED A PLAN PAYMENT OF $500. IF THEIR RESPECTIVE COMMUNITY ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2023, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE PLAN WERE EARNED BASED ON ACHIEVING AN ACTUAL EBITDA OF THE PLAN YEAR THAT FALLS WITHIN RANGE OF 93.0% - 115.0% OF BUDGETED OPERATING EBITDA. CORPORATE STAFF PARTICIPANTS HAD ONLY ONE GOAL AROUND WALKER'S BUDGETED OPERATING EBITDA. LOCATION PARTICIPANTS HAD TWO GOALS, WITH 70.0% BASED ON COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT AND 30.0% ON CONSOLIDATED ACHIEVEMENT. BOTH THE COMMUNITY AND THE CONSOLIDATED THRESHOLDS MUST HAVE BEEN MET IN ORDER FOR THE LOCATION PARTICIPANTS TO RECEIVE ANY PAYMENT UNDER THIS PLAN, EXCEPT AS OTHERWISE EXPLICITLY SET FORTH IN THE PLAN AGREEMENT. IF A COMMUNITY ACHIEVED OPERATING EBITDA GREATER THAN THE THRESHOLD LEVEL AND WALKER ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER, AFTER TAKING INTO CONSIDERATION THE INCENTIVE PLAN EXPENSES, THE LOCATION PARTICIPANTS EARNED THE VARIABLE PAYOUT AS CALCULATED UNDER THE PLAN. IF A COMMUNITY ACHIEVED AN OPERATING EBITDA OF THRESHOLD LEVEL OR GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS. PART I, LINE 6 SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES ARE BASED ON EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION), WHICH IS CLOSELY RELATED TO BOTH REVENUES AND NET EARNINGS. FIXED ASSETS 2022-02-25 4300000 ASSETS LESS DEPRECIATION 463631230 HOUSE OF DAVID PRESERVATION INC 2600 SWOPE PKWY KANSAS CITY MO 64130 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION A, LINE 3 WALKER SENIOR SERVICES, INC., A RELATED ENTITY, WAS ENGAGED TO MANAGE THE ENTITY'S OPERATIONS. RESPONSIBILITIES INCLUDED SUPERVISION OF THE ORGANIZATION'S DAILY OPERATING ACTIVITIES AND STAFF, ENSURING REGULATORY COMPLIANCE, AND PREPARATION OF ANNUAL BUDGETS FOR THE GOVERNING BODY'S APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE BOARD OF DIRECTORS OF WALKER METHODIST (A/K/A "WALKER METHODIST OF MINNESOTA OR "WMI OF MINNESOTA"), A NONPROFIT CORPORATION, ARE THE MEMBERS OF WALKER SENIOR HOUSING CORPORATION II D/B/A WALKER METHODIST RIVER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS, WITH THE EXCEPTION OF THE PRESIDENT/CEO, SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS AT EACH ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS, ONCE APPROVED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION, MUST BE APPROVED BY THE VOTE OF A MAJORITY OF THE MEMBERS: A) AMENDMENT OF THE BYLAWS OF THE ORGANIZATION. B) ELECTION OR REPLACEMENT OF A MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION. C) PURCHASE OR SALE OF A FACILITY OWNED BY THE ORGANIZATION. D) CREATION OR REFINANCING OF ANY DEBT OR OTHER OBLIGATION OF THE CORPORATION IN EXCESS OF $1,000,000. E) APPROVAL OF ANNUAL OPERATING AND CAPITAL BUDGETS FOR ANY FACILITY OWNED BY THE ORGANIZATION WITH TOTAL PROJECTED REVENUES EXCEEDING $500,000 IN ANY GIVEN YEAR. IN ADDTION TO THE ABOVE, THE FOLLOWING ACTIONS MUST BE APPROVED BY AN AFFIRMATIVE VOTE OF 75% OF THE MEMBERS: A) MERGER, DISSOLVEMENT, OR CONSOLIDATION INTO OR WITH ANY OTHER QUALIFIED FOREIGN OR DOMESTIC NONPROFIT CORPORATION, OR SELL, LEASE, EXCHANGE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS PROPERTY AND ASSETS. B) REMOVAL OF BOARD OF DIRECTORS. C) AMENDMENT TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT OF THE ORGANIZATION REVIEWED THE FORM 990 IN DETAIL, WHICH WAS THEN FORWARED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES REQUIRE MEMBERS OF THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER/BOARD CHAIR REVIEW AND MONITOR THE CONFLICT OF INTEREST DISCLOSURES. IF AN INDIVIDUAL HAS A CONFLICT, THE INDIVIDUAL IS NOT ALLOWED TO PARTICIPATE IN DISCUSSIONS OR VOTE ON THE ISSUE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, WALKER SENIOR HOUSING CORPORATION II'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS MAY BE REVIEWED AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9: TRANSFER TO AFFILIATE -2,172,500. ROUNDING -46. WALKER METHODIST 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411916102 HOUSING & ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 N/A 0 WALKER SENIOR SERVICES INC 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411661531 MANAGEMENT SERVICES MN 501(C)(3) LINE 12B, II WALKER METHODIST 0 WALKER METHODIST FOUNDATION 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411383932 CHARITABLE CONTRIBUTION SOLICITATION MN 501(C)(3) LINE 12B, II WALKER METHODIST 0 WALKER METHODIST HEALTH CENTER INC 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 410706131 LONG-TERM CARE SERVICES MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER RESIDENCE INC 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411443583 HOUSING & ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER ASSISTED LIVING CORPORATION I 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411673628 ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER SENIOR HOUSING CORPORATION I 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411454048 SUBSIDIZED HOUSING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER SENIOR HOUSING CORPORATION III 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411633928 HOUSING & ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER SENIOR HOUSING CORPORATION IV 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 363508677 HOUSING & ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER SENIOR HOUSING CORPORATION IX 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411712274 HOUSING & ASSISTED LIVING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER SENIOR HOUSING CORPORATION X 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411735191 SUBSIDIZED HOUSING FOR SENIORS MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER COMMUNITY SERVICES INC 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411706874 HOME SERVICES MN 501(C)(3) LINE 10 WALKER METHODIST 0 WALKER ELDERCARE SERVICES INC 11055 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 411984385 MANAGEMENT SERVICES MN N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1