2025-08-12T16:30:55-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2023-10-01 411542976 EVANS PARK INC EVAN 7632414445 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 TROY M HANSON CFO 7632414445 2025-07-28 1 0 JUSTIN HARTERT P02236744 5074467100 2025-07-28 2023 2025-03-06 01:10:19Z TERESA LARSON 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 22133617 0 X WWW.GUARDIANANGELSMN.ORG X 1985 MN PROVISION OF HOUSING AND SERVICES FOR ELDERLY AND HANDICAPPED PEOPLE THROUGH THE OPERATION OF A 36-UNIT APARTMENT COMPLEX, A 90-UNIT ASSISTED LIVING FACILITY IN ELK RIVER, A 63-UNIT ASSISTED LIVING IN ALBERTVILLE, AND A 142-UNIT BUILDING IN OTSEGO. 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. 11 11 0 115 0 0 45389 18994 19360458 21477795 110476 269692 314852 347804 19831175 22114285 2650000 2650000 0 0 9209968 10238110 0 0 0 9243939 9323243 21103907 22211353 -1272732 -97068 39163143 37971118 42744276 41465933 -3581133 -3494815 X PROVISION OF HOUSING AND SERVICES FOR ELDERLY AND HANDICAPPED PEOPLE THROUGH THE OPERATION OF A 36-UNIT APARTMENT COMPLEX, A 90-UNIT ASSISTED LIVING FACILITY IN ELK RIVER, A 63-UNIT ASSISTED LIVING IN ALBERTVILLE, AND A 142-UNIT BUILDING IN OTSEGO. 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 18846239 2650000 21477795 PROVISION OF HOUSING AND SERVICES FOR ELDERLY AND HANDICAPPED PEOPLE THROUGH THE OPERATION OF A 36-UNIT APARTMENT COMPLEX, A 90-UNIT ASSISTED LIVING FACILITY IN ELK RIVER, A 63-UNIT ASSISTED LIVING IN ALBERTVILLE, AND A 142-UNIT BUILDING IN OTSEGO. 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. 18846239 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 366683 18462 TROY HANSON CFO 1.00 39.00 X 0 254936 33865 LINDA M KRIEGER CHAIR 1.00 5.00 X X 0 0 0 JOYCE LECLAIRE VICE CHAIR 1.00 5.00 X X 0 0 0 LYNN SCHULER SECRETARY/TREASURER 1.00 5.00 X X 0 0 0 DUSTIN CAMPBELL DIRECTOR 1.00 5.00 X 0 0 0 DARYL HERRMANN DIRECTOR (THRU DEC 2023) 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 JOANIE NICHOLS DIRECTOR 1.00 5.00 X 0 0 0 EMILY SCHROEDER DIRECTOR 1.00 5.00 X 0 0 0 ARLO SCHULTZ DIRECTOR (THRU DEC 2023) 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 621619 52327 0 0 1 0 0 18994 18994 APARTMENT REVENUE 623000 19410468 19410468 DIETARY/NUTRITION REV 623000 2016228 2016228 NURSING SERVICES 623000 31090 31090 HOUSEKEEPING REVENUE 623000 12876 12876 LAUNDRY REVENUE 812300 7133 7133 21477795 269692 269692 26122 19332 6790 6790 MISCELLANEOUS INCOME 900099 341014 341014 341014 22114285 21477795 0 617496 2650000 2650000 8382343 7255795 1126548 232010 201849 30161 1039321 904209 135112 584436 508459 75977 1186488 1186488 7373 7373 26411 26411 834247 816564 17683 32646 32646 198501 198501 162906 30322 132584 1132692 1132692 41837 38250 3587 772 86 686 1800681 1800681 2033872 2033872 206220 206220 FOOD COSTS 812773 812773 DIETARY SUPPLIES 237809 237809 MAINTENANCE SUPPLIES 143871 143871 ACTIVITIES COSTS 109673 109673 354471 169334 185137 22211353 18846239 3365114 0 2306791 2520963 3658638 3850925 443363 648167 54160 51523 49831170 19308136 32226935 30523034 473256 376506 39163143 37971118 1613874 1588792 43623 46084 40521575 39356865 466675 373304 98529 100888 42744276 41465933 X -3581133 -3494815 -3581133 -3494815 39163143 37971118 -97068 183386 0 X X 0 1 X 1 0 X 324860 2064636 380258 45389 18994 2834137 14939128 14154549 16536229 19360458 21477795 86468159 15263988 16219185 16916487 19405847 21496789 89302296 0 0 0 89302296 207857 14416 11036 118181 269692 621182 207857 14416 11036 118181 269692 621182 110114 78521 257443 314852 367136 1128066 15581959 16312122 17184966 19838880 22133617 91051544 0.98080 0.97970 0.00680 0.00940 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC REVENUE BISTRO GROSS RECEIPTS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 755385 755385 44289706 16244385 28045321 1180957 484340 696617 3590272 2579411 1010861 14850 14850 30523034 DUE TO RELATED PARTIES 100888 100888 X 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: ALL OF THE ENTITIES INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN GRANTED EXEMPT STATUS RELATIVE TO IRS CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA TAX CODES. THE ORGANIZATION FOLLOWS THE STANDARD RELATED TO INCOME TAXES FOR THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATIONS' TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS AND PROPERLY REPORTS ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. 1 GUARDIAN ANGELS OF ELK RIVER INC 508 FREEPORT AVE NW SUITE A ELK RIVER MN 55330 411459252 501(C)(3) 2650000 0 N/A N/A GENERAL OPERATING SUPPORT 1 0 PART I, LINE 2: TRANSFERS ARE ONLY MADE TO RELATED ORGANIZATIONS THAT ARE UNDER COMMON BOARD AND MANAGEMENT CONTROL. THIS OVERLAP ENSURES THAT EACH ORGANIZATION USES ITS ASSETS APPROPRIATELY. 0 0 0 0 0 0 0 0 0 TRACI LARSON PRESIDENT/CEO 0 323933 0 33750 0 9000 0 9701 0 8761 0 385145 0 0 TROY HANSON CFO 0 228937 0 23952 0 2047 0 12182 0 21683 0 288801 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 A CITY OF OTSEGO 410914213 689154BD3 2017-10-11 29409997 REVENUE BONDS, RIVERVIEW LANDING PROJECT 0 0 0 B CITY OF OTSEGO 410914213 689154BT8 2017-12-28 16940000 REFUNDING REVENUE BONDS 0 0 0 A 1575000 29320000 1759550 3106695 247664 1466079 24557167 2018 0 0 1 1 B 4325000 16940000 640000 15954912 161700 6288 2014 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 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 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 EVANS PARK, INC. DOES NOT HAVE ANY EMPLOYEES. THE SALARY AND BENEFITS EXPENSES ON PAGE 10 OF THE FORM 990 ARE AMOUNTS THAT ARE ALLOCATED TO EVANS PARK, INC. FROM GUARDIAN ANGELS OF ELK RIVER, INC. FOR EVANS PARK, 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 & ADULT DAY CARE 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 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 HOMES INC 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 411358761 HOUSING FOR THE ELDERLY MN 501(C)(3) LINE 10 GUARDIAN ANGELS OF ELK RIVER INC 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1