2025-11-17T13:45:15-06:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 363508677 Walker Senior Housing Corp IV WALK 3207631164 2209 Jefferson St Ste 201 Alexandria MN 56308 Marnie Gugisberg Sr. VP/CFO 3207631164 2025-11-17 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-11-17 2024 2025-03-06 01:10:19Z X Mark Anderson 2209 Jefferson St Ste 201 Alexandria MN 56308 4922664 0 X www.vivie.org X 1991 MN Providing senior living with services in two communities in Minnesota. 12 12 0 12 0 0 0 0 0 4922495 0 169 0 0 0 4922664 0 0 0 0 0 2748157 0 0 0 0 2971730 0 5719887 0 -797223 0 7537333 0 8334556 0 -797223 X Life and all the living that goes with it. Enhancing the lives of older adults through a culture of care, respect, and service. 1 0 4500690 4922495 Providing senior living with services and assisted living services in a 72-unit senior housing community in Rush City,Minnesota (Rushseba) and a 103-unit senior housing community in Pine City, Minnesota (Timber Pines). Residents may receive a variety of health services to meet their individual needs and are offered opportunities for physical activity, social interaction, intergenerational activities, spiritual expression, creative expression, intellectual advancement, and charitable giving. 4500690 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 MN X Marnie Gugisberg 3207631164 2209 Jefferson St Ste 201 Alexandria MN 56308 Phil Hanson Chair 1.00 10.00 X X 0 0 0 Chad Coauette Vice Chair 1.00 10.00 X X 0 0 0 Fred Semmer Secretary/Treasurer 1.00 10.00 X X 0 0 0 David Steven Wolf Past Chair 1.00 10.00 X X 0 0 0 Greg Billberg Director 1.00 10.00 X 0 0 0 Julie Critz Director 1.00 10.00 X 0 0 0 Mick Finn Director 1.00 10.00 X 0 0 0 Vicki Jodsaas Director 1.00 10.00 X 0 0 0 Carol Kraft Director 1.00 10.00 X 0 0 0 Kate Lee Director 1.00 10.00 X 0 0 0 Jeff Montgomery Director 1.00 10.00 X 0 0 0 Scott Redden Director 1.00 10.00 X 0 0 0 Mark Anderson President/CEO 1.00 48.00 X 0 637648 29924 Marnie Gugisberg SrVP/CFO 1.00 48.00 X 0 300449 24778 Katie Perry SrVP/COO 2.00 56.00 X 0 313783 26902 0 1251880 81604 2 0 1 0 Walker Senior Services Inc 2209 Jefferson St Ste 201 Alexandria MN 56308 Management Services 240807 Interim Healthcare Staffing 2950 Metro Drive115 Bloominton MN 55425 Staffing Agency 139388 2 Senior Housing Revenue 623000 4640655 4640655 281840 281840 4922495 169 169 4922664 4922495 0 169 2315303 1853299 462004 36831 29482 7349 218613 174990 43623 177410 142009 35401 240807 240807 181548 160676 20872 100624 100624 146911 83206 63705 10056 10056 1773844 1755367 18477 10001 10001 1420 1420 657 657 93041 93041 Food 213500 213500 Repairs and Maintenance 111810 81311 30499 License and Permits 13295 415 12880 Equipment Lease 3285 2850 435 70931 2928 68003 5719887 4500690 1219197 0 268566 425668 75655 60630 0 60630 0 6706814 0 7537333 175015 9000 0 8150541 0 8334556 X 0 0 0 0 0 -797223 0 -797223 0 7537333 -797223 0 X 0 1 X 1 0 X 4922495 4922495 4922495 4922495 0 881544 881544 881544 881544 4040951 169 169 169 169 4922664 4922664 0.82090 0.00000 0.00000 0.00000 X 0 1 X 30208 30208 30422 30422 60630 Due from Related Party 3820082 Operating Lease Right of Use Asset 2886732 6706814 Due to Related Parties 4713808 Operating lease liabilities 3436733 8150541 X 4922664 0 4922664 0 4922664 5719887 0 5719887 0 5719887 Part IV, Line 2b: Tenant Security Deposits: As a condition of occupancy, residents of Walker Senior Housing Corp IV are required to make security deposits. The deposits are refundable upon leaving; therefore, they are recorded as a liability on the balance sheet. These funds are tracked separately from other funds of Walker Senior Housing Corp IV. Part X, Line 2: The organization 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 consolidated financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax liabilities in income tax expense, if such interest and penalties are incurred 0 0 0 0 1 0 1 0 0 Mark Anderson President/CEO 0 556059 0 70217 0 11372 0 15269 0 14745 0 667662 0 0 Katie Perry SrVP/COO 0 313566 0 217 0 0 0 12532 0 14461 0 340776 0 0 Marnie Gugisberg SrVP/CFO 0 300232 0 217 0 0 0 11978 0 12891 0 325318 0 0 Part I, Line 5 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. IN 2023, THE CEO APPROVED INCLUSION OF CORPORATE MANAGERS AND NURSE MANAGERS. IN ORDER TO PARTICIPATE IN THE PLAN FOR A PARTICULAR POSITION, 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 THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2024, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS 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 THETHRESHOLD 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 COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT PARTICIPANTS. GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS. 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 THEY EARNED A PLAN PAYMENT OF $1,000. EACH DEPARTMENT HEAD, CORPORATE DESCRIBED ABOVE; PAYMENTS WERE NOT CUMULATIVE. FOR 2024, PLAN PAYMENTS TO ALL OTHER ELIGIBLE EMPLOYEES IDENTIFIED IN THE ACHIEVED AN OPERATING EBITDA THAT IS GREATER THAN TARGET BY 3% OR MORE, MANAGER, OR NURSE MANAGER WAS ELIGIBLE FOR ONLY ONE OF THE TWO PAYMENTS 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 THETHRESHOLD 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 COMMUNITY RECEIVED 50% OF THE PORTION OF THE ELIGIBLE VARIABLE PAYOUT OF THE 70%). WALKER RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT PARTICIPANTS. GREATER AND WALKER DID NOT MEET THE THRESHOLD LEVEL, THE DIRECTOR OF THE ATTRIBUTABLE TO THE COMMUNITY'S BUDGETED OPERATING EBITDA ACHIEVEMENT (50% 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. Form 990, Sch J, Part III: The President/CEO is compensated by Knute Nelson, a related organization. The Corporation relied on Knute Nelson to establish compensation for the President/CEO. Knute Nelson utilized the Form 990 of other organizations, compensation survey or study, and approval by the board to etablish compensation. Form 990, Part III, line 2 Walker Housing Corporation IV was donated the operations of a 72-unit senior housing community in Rush City, Minnesota (Rushseba) and a 103-unit senior housing community in Pine City, Minnesota (Timber Pines) on March 1, 2024. Walker Housing Corporation IV leases the properties from the prior owner. Part V, line 2 All employees of the organization are employed by a related entity and all W-2s are issued by that entity. Expenses related to services provided by employees of Walker Senior Housing Corp IV are reported as compensation in Part IX. Form 990, Part VI, Section A, line 1a The Executive Committee consists of the Board Chair, Vice Chair, President/CEO, Immediate Past Chair, Secretary, Treasurer, and two other current board members. The Executive Committee may exercise all of the powers of the board during intervals between meetings of the Board of Directors, except that the Executive Committee may not take action with respect to acquisition, disposition, financing or refinancing of real property, with respect to the employment of a President/CEO, or with respect to amendment of the articles of incorporation or bylaws; provided that in any such action, the Executive Committee shall not contravene any action or policy adopted by the Board of Directors. Form 990, Part VI, Section A, line 2 All officers and directors have a business relationship as they all serve as directors on the entity that employs the officers. Form 990, Part VI, Section A, line 4 The articles and bylaws were amended to report a change in the member and actions requiring member approval. Form 990, Part VI, Section A, line 6 Walker Methodist is the sole member of the organization. Form 990, Part VI, Section A, line 7a The Member shall elect all directors and unless provided in a Member action, the board shall consist as the same persons who serve on the board of the Member. 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 the member: a. Merger or consolidation of the Corporation into or with any other qualified foreign or domestic nonprofit corporation other than an entity related to or affiliated with the Corporation; b. Voluntary dissolution of the Corporation; c. The sale, lease, exchange, or other disposition of all or substantially all of the Corporation's property or assets; d. A substantial change to the mission of the Corporation or the present or now intended nature of the Corporation's operations; e. Amendment of the Articles of Incorporation or these Bylaws; and f. Removal of a director pursuant to Section 3 .6 of these By laws. Form 990, Part VI, Section B, line 11b The return is reviewed initially by the CFO/SVP and President/CEO. The Finance & Audit committee of Vivie, the parent entity will review and approve for filing. A copy will be made avaialble to the Board of Directors. Form 990, Part VI, Section B, line 12c Each officer, director, and key employee is required to fill out a conflict of interest form annually. The form is reviewed initially by the President of the Board of Directors and the President/CEO for potential conflicts. If a conflict exists, it is reviewed by the Board of Directors. Any person with a conflict is restricted from voting on related matters. Form 990, Part VI, Section B, line 15 The Board of Vivie determines the compensation of the President/CEO based on comparability data. The President/CEO is reviewed annually by the Executive Board which then reports back to the full Board of Directors. The decision is noted in the board minutes. The President/CEO determines the compensation of other officers based on comparability data and presents this information to the Executive Board of the Board of Directors. This process takes place on an annual basis. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available upon request. Walker Methodist 2209 Jefferson St Suite 201 Alexandria MN 56308 411916102 Housing & Assisted Living for Seniors MN 501(c)(3) 10 Vivie 0 Walker Senior Services Inc 2209 Jefferson St Suite 201 Alexandria MN 56308 411661531 Management Services MN 501(c)(3) 12a Walker Methodist 0 Walker Methodist Health Center Inc 2209 Jefferson St Suite 201 Alexandria MN 56308 410706131 Long-Term Care Services MN 501(c)(3) 12a Walker Methodist 0 Walker Residence Inc 2209 Jefferson St Suite 201 Alexandria MN 56308 411443583 Housing & Assisted Living for Seniors MN 501(c)(3) 10 Walker Methodist 0 Walker Senior Housing Corporation III 2209 Jefferson St Suite 201 Alexandria MN 56308 411633928 Housing & Assisted Living for Seniors MN 501(c)(3) 10 Walker Methodist 0 Walker Assisted Living Corporation I 2209 Jefferson St Suite 201 Alexandria MN 56308 411673628 Assisted Living for Seniors MN 501(c)(3) 10 Walker Methodist 0 Walker Senior Housing Corporation IX 2209 Jefferson St Suite 201 Alexandria MN 56308 411712274 Housing & Assisted Living for Seniors MN 501(c)(3) 10 Walker Methodist 0 Walker Community Services Inc 2209 Jefferson St Suite 201 Alexandria MN 56308 411706874 Home Services MN 501(c)(3) 10 Walker Methodist 0 Vivie Foundation 2209 Jefferson St Suite 201 Alexandria MN 56308 411451486 Fundraising MN 501(c)(3) 10 Knute Nelson 0 Walker Methodist Foundation 2209 Jefferson St Suite 201 Alexandria MN 56308 481383932 Fundraising MN 501(c)(3) 12a Walker Methodist 0 Knute Nelson 2209 Jefferson St Suite 201 Alexandria MN 56308 411263433 Housing & Assisted Living for Seniors MN 501(c)(3) 10 Vivie 0 Vivie 2209 Jefferson St Suite 201 Alexandria MN 56308 932544465 Management Services MN 501(c)(3) 12 N/A 0 KI Senior Living of Park Rapids LLC 2209 Jefferson St Suite 201 Alexandria MN 56308 815315693 Senior Living MN N/A 0 1 Walker Eldercare Services Inc 2209 Jefferson St Ste 201 Alexandria MN 56308 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 Part II Walker Methodist Foundation was merged with Vivie Foundation effective July 1, 2024.