2025-08-13T11:27:47-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2023-10-01 411358761 GUARDIAN ANGELS HOMES INC GUAR 7632414445 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 TROY M HANSON CFO 7632414445 2025-07-30 1 0 JUSTIN HARTERT P02236744 5074467100 2025-07-30 2023 2025-03-06 01:10:19Z TERESA LARSON 508 FREEPORT AVENUE NW SUITE A ELK RIVER MN 55330 1290666 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 92132 92461 1110054 1191226 -278 250 10746 6729 1212654 1290666 0 0 0 0 283031 278358 0 0 0 880262 841138 1163293 1119496 49361 171170 1297803 1184505 3118025 2833557 -1820222 -1649052 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 826956 0 1191226 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. 826956 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 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 92461 92461 RESIDENT REVENUE 623000 1170999 1170999 LAUNDRY REVENUE 812300 20227 20227 1191226 250 250 MISCELLANEOUS INCOME 900099 6729 6729 6729 1290666 1191226 0 6979 223148 113575 109573 7772 4133 3639 32948 19842 13106 14490 14490 104445 104445 14416 14416 9880 9880 112 112 47812 23460 24352 16471 2289 14182 244103 244103 3000 3000 3317 3317 183297 183297 114287 114287 53196 53196 REPAIRS AND MAINTENANCE 40186 39179 1007 DUES AND SUBSCRIPTIONS 2930 2930 LICENSES AND PERMITS 2225 2225 MISCELLANEOUS EXPENSE 1461 1461 1119496 826956 292540 0 4940 7 34373 1968 30481 29726 4820404 3941111 901119 879293 326890 273511 1297803 1184505 32686 31645 5837 3897 43734 47506 2787077 2721139 248691 29370 3118025 2833557 X -1820222 -1649052 -1820222 -1649052 1297803 1184505 171170 0 X X 0 1 X 1 0 X 6274 803 186412 92132 92461 378082 988805 990766 1013434 1110054 1191226 5294285 995079 991569 1199846 1202186 1283687 5672367 0 0 0 5672367 161 93 78 173 250 755 161 93 78 173 250 755 4810 7304 6430 10746 6729 36019 1000050 998966 1206354 1213105 1290666 5709141 0.99360 0.99330 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 4235223 3652938 582285 132722 98627 34095 420607 189546 231061 879293 ESCROW FUND ACCOUNTS 38190 TENANT SECURITY DEPOSITS 47510 RESERVE FOR REPLACEMENTS 123480 RESIDUAL RECEIPTS 64331 273511 DUE TO RELATED PARTIES 29370 29370 X 1290416 0 1290416 250 250 1290666 1119093 0 1119093 403 403 1119496 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 250. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS FINANCIAL 403. 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 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