2026-02-20T09:33:42-06:00 2025-04-30 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-05-01 460271277 DOW RUMMEL VILLAGE DOWR 6053361490 1321 W DOW RUMMEL ST SIOUX FALLS SD 57104 MICHAEL REDINGER CFO 6053361490 2026-02-18 1 1 LAURIE HANSON CPA P00851848 6053391999 2026-02-17 2024 2025-03-06 01:10:19Z JOSH HOFMEYER 1321 W DOW RUMMEL ST SIOUX FALLS SD 57104 48264864 0 X WWW.DOWRUMMEL.COM X 1958 SD TO PROVIDE TRANSITIONAL RETIREMENT LIVING. 16 16 392 110 16392 2203 5180717 698067 22791074 23247124 1527447 2213280 -11506 20469 29487732 26178940 188244 378580 0 0 13303322 14718374 0 0 323692 12762187 12010064 26253753 27107018 3233979 -928078 72757161 71739173 62108866 60639053 10648295 11100120 X GUIDED BY SPIRITUAL VALUES, WE ENRICH LIVES BY PROVIDING EXTRAORDINARY SENIOR CARE. 0 0 23565435 378580 23247124 DOW RUMMEL VILLAGE IS A NON-DENOMINATIONAL, NONPROFIT ORGANIZATION OPERATING A CONTINUING CARE RETIREMENT COMMUNITY WHICH CONSISTS OF 114 INDEPENDENT LIVING APARTMENTS, 34 ASSISTED LIVING APARTMENTS, 30 FLEX APARTMENTS SET UP FOR RESIDENTS TO AGE-IN-PLACE (ASSISTED LIVING AND INDEPENDENT LIVING COMMINGLED APARTMENTS), 30 ENHANCED ASSISTED LIVING APARTMENTS, 30 ENHANCED MEMORY CARE APARTMENTS AND A 50-BED HEALTH CARE CENTER IN SIOUX FALLS, SD. THE APPROXIMATE NUMBER OF RESIDENTS SERVED FROM MAY 1, 2024 TO APRIL 30, 2025 WAS 444. TO FULFILL ITS MISSION OF COMMUNITY SERVICE, DOW RUMMEL PROVIDES ACCOMMODATIONS AND SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA. DOW RUMMEL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FOREGONE FOR ACCOMMODATIONS AND SERVICES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNTS NOT REPORTED AS REVENUE, BASED ON ESTABLISHED RATES, WERE $445,000 FOR THE YEAR ENDED APRIL 30, 2025. 23565435 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 42 0 1 392 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MICHAEL REDINGER 6053361490 1321 W DOW RUMMEL ST SIOUX FALLS SD 57104 JASON HERRBOLDT CHAIRPERSON 4.00 2.00 X X 0 0 0 MARGARET CARMODY VICE CHAIRPERSON 2.00 0.00 X X 0 0 0 LARRY FULLER SECRETARY 2.00 0.00 X X 0 0 0 JIM BRECKENRIDGE TREASURER 2.00 0.00 X X 0 0 0 MICHAEL BENDER TRUSTEE 2.00 0.00 X 0 0 0 DEB DIMICK TRUSTEE 2.00 0.00 X 0 0 0 DIANNE HARRIS TRUSTEE 2.00 0.00 X 0 0 0 BRENDA FREVIK TRUSTEE 2.00 0.00 X 0 0 0 ANDREW HEWITT TRUSTEE 2.00 0.00 X 0 0 0 STACEY LENKER TRUSTEE 2.00 0.00 X 0 0 0 MARK MILLAGE TRUSTEE 2.00 0.00 X 0 0 0 TIFFANY MILLER TRUSTEE 2.00 0.00 X 0 0 0 MELISSA MOERIKE TRUSTEE 2.00 0.00 X 0 0 0 CHARISSE OLAND TRUSTEE 2.00 0.00 X 0 0 0 JIM STURDEVANT TRUSTEE 2.00 0.00 X 0 0 0 TOM ROUST TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL REDINGER CFO 50.00 4.00 X 127659 0 13089 JOSH HOFMEYER CEO 50.00 4.00 X 294287 0 21065 JORI ADLER COO 50.00 4.00 X 122003 0 5499 CHRIS HAHN ADMIN. OF HEALTH CARE SERVICES 40.00 0.00 X 159192 0 14146 JASON JOHNS DIRECTOR OF NURSING 40.00 0.00 X 109587 0 6398 SIERRA CATES TEAM LEAD LPN 55.00 0.00 X 118844 0 8938 OLAMIDE BALOGUN LPN 55.00 0.00 X 114557 0 8748 LISA GEIS ADMIN. OF IL & SUPPORT SERVICES 40.00 0.00 X 122837 0 13629 KJERSTEN JOACHIM ED OF SALES AND MARKETING 40.00 0.00 X 134695 0 8450 KEVIN KAUFMAN FORMER CFO 0.00 0.00 X 128731 0 9645 1432392 0 109607 13 1 1 0 GOODCARE LLC 10000 N WEST AVE STE 210 SIOUX FALLS SD 57104 THERAPY SERVICES 488718 INTERIM HEALTHCARE 3608 S SOUTHEASTERN AVE SIOUX FALLS SD 57103 TEMP AGENCY 443792 REV CAPITAL PO BOX 741791 LOS ANGELES CA 90074 TEMP AGENCY 336659 EIDE BAILLY PO BOX 2545 FARGO ND 58108 ACCOUNTING SERVICES 190128 CONVERDIA HEALTH STAFFING 301 SHEYENNE ST WEST FARGO ND 58078 TEMP AGENCY 173372 5 515285 182782 698067 AGED CARE / HOUSING 623000 23247124 23247124 23247124 845441 845441 213214 237218 -24004 -24004 16392 -40396 23018414 8000 21586851 71724 1431563 -63724 1367839 1367839 234604 190131 44473 44473 26178940 23247124 16392 2217357 X 378580 378580 752032 128020 591196 32816 41420 6213 35207 11757433 10552486 1073545 131402 266007 228709 28787 8511 987838 911802 58669 17367 913644 787359 103979 22306 235 235 71413 71413 2954991 2565004 389959 28 144193 143950 243 613817 559173 52899 1745 6804 6804 847654 822758 24896 46328 24300 22028 11087 3807 6870 410 2214326 2156170 58156 2623515 2555037 68478 570382 555296 15086 FOOD COSTS 795491 795491 BAD DEBT EXPENSE 549867 549867 SMALL EQUIPMENT/REPAIRS 229669 226329 3340 EMPLOYEE EXPENSES 117209 73991 14067 29151 213083 84156 49214 79713 27107018 23565435 3217891 323692 235732 134996 1737384 3880389 36015 53107 63265 178128 76087334 34865500 42404310 41221834 24642630 23085528 3637825 3185191 72757161 71739173 3866482 3062612 1783617 1782954 46230232 45086552 789 1116 155731 96668 10072015 10609151 62108866 60639053 X 7843964 5854925 2804331 5245195 10648295 11100120 72757161 71739173 X -928078 -249356 1533144 96115 X 0 1 X 1 0 X 3277672 632833 146765 5180717 698067 9936054 17559005 18958298 21274776 22791074 23247124 103830277 234604 234604 20836677 19591131 21421541 27971791 24179795 114000935 2089054 2089054 0 2089054 2089054 111911881 479348 481155 668214 694447 877599 3200763 479348 481155 668214 694447 877599 3200763 16392 16392 21316025 20072286 22089755 28666238 25073786 117218090 0.95470 0.95420 0.02730 0.02690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 235 0 0 0 235 0 PART II-B, LINE 1F THE AMOUNT ON LINE 1F REPRESENTS THE LOBBYING PORTION OF DUES PAID TO SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS. 0 1 X 3745353 19550 622862 14170 4373595 3479285 274208 8140 3745353 3444086 42102 6903 3479285 3620752 25000 -188697 12969 3444086 2754337 877401 10986 3620752 0.77780 0.10900 0.11320 1 0 653931 297997 951928 1417178 59666714 26311143 34772749 83270 12319416 7773842 4628844 1648828 780515 868313 41221834 DEFERRED COMPENSATION PLAN 5663 REFUNDABLE DEPOSITS 10603488 10609151 X PART IV, LINE 2B: THE TRUST FUND IS REQUIRED BY THE STATE OF SOUTH DAKOTA. IT INCLUDES ANY CASH RESIDENTS WANT SAFEGUARDED AND IS SPENT BASED ON THE RESIDENT'S SPECIFIC INSTRUCTION. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR FINANCIAL ASSISTANCE PROGRAMS FOR RESIDENTS WHO CAN NO LONGER AFFORD TO LIVE AT DOW RUMMEL AND TO IMPROVE FACILITIES. 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 BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 FINANCIAL ASSISTANCE FOR RESIDENTS 9 378580 CURRENT RENT RATES RENT ASSISTANCE FOR RESIDENTS IN NEED. PART I, LINE 2: THE CEO AND CFO REVIEW ALL FINANCIAL ASSISTANCE APPLICATIONS IN ACCORDANCE WITH OUR FINANCIAL ASSISTANCE POLICIES AND AWARD THESE GRANTS BASED ON MEETING THE CRITERIA. APPLICANTS MUST HAVE DEPLETED ASSETS TO LESS THAN $2,000, HAVE LIVED AT DOW RUMMEL 5 YEARS OR MORE, NOT GIVEN AWAY ANY ASSETS IN THE LAST 5 YEARS AND BE IN THE ASSISTED LIVING OR MEMORY CARE AREAS. X X 0 0 0 1 0 0 0 0 0 JOSH HOFMEYER CEO 231490 0 33750 0 29047 0 11679 0 9386 0 315352 0 0 0 CHRIS HAHN ADMIN. OF HEALTH CARE SERVICES 128126 0 6345 0 24721 0 5650 0 8497 0 173339 0 0 0 KEVIN KAUFMAN FORMER CFO 67856 0 16782 0 44093 0 7456 0 2189 0 138376 0 0 0 PART I, LINE 5 BONUSES ARE PAID BASED ON REVENUE TARGETS. A CITY OF SIOUX FALLS SOUTH DAKOTA 466000425 829566CE6 2016-10-27 23126520 SEE PART VI 0 0 0 B CITY OF SIOUX FALLS SOUTH DAKOTA 466000425 829566CS5 2017-05-15 29147367 SEE PART VI 0 0 0 A 3670000 23126520 1429437 453996 21243097 2016 1 0 1 1 B 2660000 29147367 1997803 2069583 544095 24535886 2019 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF SIOUX FALLS, SOUTH DAKOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 10/27/2021 ISSUER NAME: CITY OF SIOUX FALLS, SOUTH DAKOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 10/27/2021 PART I LINE A COLUMN (F) PROCEEDS WERE USED TO REFUND BONDS ISSUED 12/28/2006. PART I LINE B COLUMN (F) TO FINANCE THE EXPANSION AND RENOVATION OF THE BORROWER'S RETIREMENT COMMUNITY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE MEET MOST MONTHS AND HAVE LIMITED AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY TO PASS MOTIONS WHICH ARE RECORDED WITHIN THE MINUTES AND PRESENTED TO THE FULL BOARD. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD PRESIDENT, SECRETARY, AND UP TO SEVEN ADDITIONAL BOARD MEMBERS. THE FINANCE COMMITTEE IS COMPRISED OF THE TREASURER AND UP TO FOUR ADDITIONAL BOARD MEMBERS. THE CEO AND CFO ARE PRESENT AT THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE MEETINGS AS AN ADMINISTRATIVE RESOURCE BUT DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 2 JASON HERRBOLDT AND TIFFANY MILLER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 WHEREAS THE BYLAWS PREVIOUSLY GAVE THE FINANCE COMMITTEE FULL AUTHORITY OVER THE CORPORATION'S ASSETS WITHIN SPECIFIC GUIDELINES, THE AMENDED BYLAWS ESTABLISH THAT THE FINANCE COMMITTEE SHALL INSTEAD WORK WITH THE CEO AND THE CFO TO MONITOR AND MAKE RECOMMENDATIONS TO THE BOARD OF TRUSTEES REGARDING THE FINANCES OF DOW RUMMEL VILLAGE. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO WILL REVIEW THE 990 IN DETAIL. THE 990 WILL BE PROVIDED TO BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, OFFICERS, AND MEMBERS OF COMMITTEES. A REQUEST IS MADE ANNUALLY TO EACH OF THEM FOR DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. THE BOARD MAKES A DETERMINATION OF WHETHER THERE IS A CONFLICT OF INTEREST AND IF SO, IMPLEMENTS THE PROCEDURE FOR EVALUATING THE ISSUE OR TRANSACTION INVOLVED. ANY BOARD MEMBER, OFFICER, OR COMMITTEE MEMBER WITH A CONFLICT MUST REFRAIN FROM VOTING. HOWEVER, ANY MEMBER WHO IS EXCLUDED FROM VOTING BECAUSE OF SUCH POSSIBLE CONFLICT OF INTEREST MAY BRIEFLY STATE THEIR POSITION IN THE MATTER AND ANSWER PERTINENT QUESTIONS OF OTHER MEMBERS WHEN THE CONFLICTED MEMBER'S KNOWLEDGE OF THE MATTER WILL ASSIST THE BOARD OR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE CEO REVIEWS THE CFO COMPENSATION AND THE BOARD OF TRUSTEES REVIEWS THE CEO COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 707,172. MANAGEMENT AND GENERAL EXPENSES 16,206. FUNDRAISING EXPENSES 28. TOTAL EXPENSES 723,406. DIETARY CONSULTANT: PROGRAM SERVICE EXPENSES 41,653. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,653. PHARMACY & MEDICAL CONSULTANTS: PROGRAM SERVICE EXPENSES 19,886. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,886. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 1,079. MANAGEMENT AND GENERAL EXPENSES 27,479. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,558. MEDICARE RX AND SERVICES: PROGRAM SERVICE EXPENSES 647,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 647,341. ORGANIST SERVICES: PROGRAM SERVICE EXPENSES 6,952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,952. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 155,525. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,525. RESIDENT BILLABLE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 190,271. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,271. HOME CARE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 478. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 478. CHAPLIN SERVICES: PROGRAM SERVICE EXPENSES 400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400. OUTSIDE STAFFING: PROGRAM SERVICE EXPENSES 980,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 980,679. REFERAL FEES: PROGRAM SERVICE EXPENSES 450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450. OTHER FEES: PROGRAM SERVICE EXPENSES 159,142. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159,142. PROFESSIONAL SERVICE: PROGRAM SERVICE EXPENSES 250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFERS -28,648. CHANGE IN BENEFICIAL INTEREST IN CHARTIBLE TRUSTS HELD BY OTHERS 88,752. DONATED SERVICES 36,011. FORM 990, PART XI, LINE 8 DURING 2025, THE ORGANIZATION IDENTIFIED A MISSTATEMENT WITHIN THE 2024 FINANCIAL STATEMENTS RELATED TO APARTMENT ENTRANCE FEES WHERE THE VARIOUS REFUND CHECKS WERE WRITTEN TO RESIDENTS THAT DIDN'T MATCH THE SCHEDULE. IT WAS DETERMINED THAT HOUSING ENTRANCE FEES PAYABLE WERE UNDERSTATED AND NET ASSETS WITHOUT DONOR RESTRICTIONS WERE OVERSTATED BY $371,380. IN ADDITION, THE ORGANIZATION IDENTIFIED A MISSTATEMENT WITHIN THE 2024 FINANCIAL STATEMENTS RELATED TO BENEFICIAL INTEREST IN CHARITABLE TRUSTS HELD BY OTHERS WHERE AMOUNTS HELD WITH THE TRUSTEE WERE NOT APPROPRIATELY RECORDED. IT WAS DETERMINED THAT BENEFICIAL INTEREST IN CHARITABLE TRUSTS HELD BY OTHERS AND NET ASSETS WITH DONOR RESTRICTIONS WERE UNDERSTATED BY $2,219,524. IN ADDITION, SUBSEQUENT TO THE ISSUANCE OF THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS, MANAGEMENT BECAME AWARE THAT THE CONSOLIDATED FINANCIAL STATEMENTS HAD AN ERROR RESULTING IN AN OVERSTATEMENT OF AMOUNTS PREVIOUSLY REPORTED FOR RESIDENT RECEIVABLES AND HOUSING AND SERVICE REVENUE AS OF AND FOR THE YEAR ENDED APRIL 30, 2024. THE MISSTATEMENT RELATED TO THE CALCULATION OF THE ALLOWANCE FOR CREDIT LOSSES AND AN OVERSIGHT IN THAT CALCULATION AS OF AND FOR THE YEAR ENDED APRIL 30, 2024. THE OVERSIGHT RESULTED IN A DEPARTURE FROM U.S. GAAP AND AN UNDERSTATEMENT OF CREDIT LOSS EXPENSE IN 2024 AND AN OVERSTATEMENT OF CREDIT LOSS EXPENSE IN 2025. THE ADJUSTMENT RESULTED IN A DECREASE OF $315,000 TO RESIDENT RECEIVABLES AND HOUSING AND SERVICE REVENUE AS OF AND FOR THE YEAR ENDED APRIL 30, 2024 AND A DECREASE TO BEGINNING NET ASSETS WITHOUT RESTRICTIONS AND INCREASE TO HOUSING AND SERVICE REVENUE AS OF AND FOR THE YEAR ENDED APRIL 30, 2025. THESE MISSTATEMENTS RESULT IN A TOTAL PRIOR PERIOD ADJUSTMENT OF $1,533,144. DOW RUMMEL COMMUNITY ENHANCEMENT FOUNDATION 1321 W DOW RUMMEL ST SIOUX FALLS SD 57104 270860032 TO PROVIDE SUPPORT TO THE OPERATIONS OF DOW RUMMEL AND ITS EXEMPT PURPOSE. SD 501(C)(3) LINE 12A, I DOW RUMMEL VILLAGE 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 DOW RUMMEL COMMUNITY ENCHANCEMENT FOUNDATION C 515285 FMV