2024-11-15T16:05:54-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 411330247 GOOD SHEPHERD HOMES INC GOOD 3202526525 1115 4TH AVENUE NORTH SAUK RAPIDS MN 56379 MICHAEL STORDAHL CEO & PRESIDENT 3202526525 2024-11-14 1 0 CHRISTOPHER STEINHOFF P01587351 6123764500 2024-11-14 2023 2024-10-15 13:58:12Z MICHAEL STORDAHL 1115 4TH AVENUE NORTH SAUK RAPIDS MN 56379 682832 0 X WWW.GOODSHEPHERDCAMPUS.ORG X 1978 MN OWN AND OPERATE LOW INCOME APARTMENT BUILDING TO PROVIDE A HOME TO THE ELDERLY AND HANDICAPPED. 6 6 0 10 0 0 0 0 631257 672480 -11477 1273 7847 9079 627627 682832 0 0 0 0 163999 184626 0 0 0 482293 486686 646292 671312 -18665 11520 1794071 1783461 2126144 2104012 -332073 -320551 X OWN AND OPERATE AN APARTMENT FOR THE PURPOSE OF PROVIDING OLDER ADULTS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 0 0 469348 0 672480 GOOD SHEPHERD HOMES, INC. OWNS AND OPERATES A 58 UNIT APARTMENT COMPLEX FOR THE PURPOSE OF PROVIDING OLDER AND HANDICAPPED ADULTS WITH HOUSING FACILITIES. SERVICES ARE DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS IN LONGER LIVING THROUGH A CHRISTIAN PERSPECTIVE. THE CORPORATION HAS A SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENT WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO ELIGIBLE LOW-INCOME ELDERLY TENANTS. GOOD SHEPHERD HOMES, INC. IS A PART OF A 30 ACRE SENIOR LIVING CAMPUS IN SAUK RAPIDS, MINNESOTA WHICH INCLUDES SKILLED NURSING FACILITY CARE, SUB-ACUTE/SHORT TERM REHABILITATION SERVICES, CONGREGATE DINING, SKILLED HOME CARE SERVICES, ASSISTED LIVING SERVICES, MEMORY CARE SERVICES, AND INDEPENDENT LIVING APARTMENTS. MOST OF THE BUILDINGS ARE CONNECTED THROUGH ENCLOSED LINKS ALLOWING TENANTS TO FREELY MOVE BETWEEN BUILDINGS TO MEET FRIENDS OR ENJOY A WALK INSIDE AVOIDING HARSH MINNESOTA WINTER CONDITIONS. 469348 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 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 1 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X X KRISTA MARTINI 3202593490 1115 4TH AVENUE NORTH SAUK RAPIDS MN 56379 BARB MAHNKE CHAIR 0.50 3.00 X X 0 0 0 LOIS PERLEBERG VICE CHAIR 0.50 3.00 X X 0 0 0 JOYCE HAWKINSON SECRETARY / TREASURER 0.50 1.00 X X 0 0 0 CHERYL SCAPANSKI BOARD MEMBER 0.50 3.00 X 0 0 0 DENNIS BACON BOARD MEMBER 0.50 3.00 X 0 0 0 TERRY KURASH BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL STORDAHL PRESIDENT/CEO/ADMINISTRATOR 1.00 39.00 X 0 170840 24601 MORGAN KERN DECEMBER 2023 CFO 3.00 37.00 X 0 98729 0 RHONDA POHL VP OF HUMAN RESOURCES 1.00 39.00 X 0 107933 14714 KRISTA MARTINI FINANCIAL MANAGER 0.50 37.00 X 0 126051 20558 0 503553 59873 0 0 1 0 0 RENTAL INCOME 531110 672480 672480 672480 1273 1273 LAUNDRY 812300 4888 4888 UTILITY REVENUE 812300 2777 2777 DAMAGES/CLEANING FEES 812300 1138 1138 276 276 9079 682832 672480 0 10352 147440 40302 107138 1814 195 1619 24952 7910 17042 10420 2848 7572 35496 35496 12491 12491 34884 26894 7990 1435 1435 15694 13312 2382 2761 2761 239418 237992 1426 554 76 478 5156 5156 125739 125739 LICENSE/PERMITS 8924 8924 TELEPHONE 3461 3461 BACKGROUND CHECKS 673 673 671312 469348 201964 0 55630 67440 1869 1846 8550 11738 4219967 3376024 928257 843943 799765 858494 1794071 1783461 45600 67564 1156 1997 23373 22962 2030808 1992882 25207 18607 2126144 2104012 X -585934 -561719 253861 241168 -332073 -320551 1794071 1783461 11520 0 X 0 1 X 1 1 1 X 1065 1065 608751 613169 633433 631257 672480 3159090 609816 613169 633433 631257 672480 3160155 0 243829 245662 266332 266637 276456 1298916 243829 245662 266332 266637 276456 1298916 1861239 129 80 61 205 1273 1748 129 80 61 205 1273 1748 8143 9091 10098 7847 9079 44258 618088 622340 643592 639309 682832 3206161 0.58050 0.58050 0.00050 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DAMAGE/CLEANING FEES - 2019 AMOUNT: $ 15. 2020 AMOUNT: $ 775. 2021 AMOUNT: $ 1,884. 2023 AMOUNT: $ 1,138. LAUNDRY VENDING - 2019 AMOUNT: $ 5,198. 2020 AMOUNT: $ 5,278. 2021 AMOUNT: $ 5,315. 2022 AMOUNT: $ 5,056. 2023 AMOUNT: $ 4,888. UTILITY - 2019 AMOUNT: $ 2,930. 2020 AMOUNT: $ 3,013. 2021 AMOUNT: $ 2,879. 2022 AMOUNT: $ 2,726. 2023 AMOUNT: $ 2,777. MAINTENANCE - 2020 AMOUNT: $ 25. 2021 AMOUNT: $ 20. 2022 AMOUNT: $ 65. 2023 AMOUNT: $ 276. 0 1 X 43684 43684 3532038 2952129 579909 121305 72253 49052 522940 351642 171298 843943 RESERVE FOR REPLACEMENTS 578865 TENANT SECURITY DEPOSITS 24483 TAX AND INSURANCE ESCROWS 48480 BOND FUND 60455 RESIDUAL RECEIPTS 146211 858494 DUE TO RELATED PARTY 18607 18607 X 695525 12693 12693 682832 0 682832 545571 0 545571 125741 125741 671312 PART IV, LINE 2B: THE PROJECT HOLDS IN TRUST, SECURITY DEPOSITS PAID BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS PLUS INTEREST AS A LIABILITY. PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE PROJECT IS A NON-PROFIT CORPORATION AND, THEREFORE, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE PROJECT IS NOT A PRIVATE FOUNDATION, AND CONTRIBUTIONS TO THE PROJECT QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE PROJECT FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAS NOT IMPACT ON THE PROJECT'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 12,693. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION 125,739. ROUNDING 2. 0 0 0 0 0 0 0 0 0 MICHAEL STORDAHL PRESIDENT/CEO/ADMINISTRATOR 0 169617 0 0 0 1223 0 0 0 0 0 170840 0 0 PART I, LINE 3 GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA PAYS THE COMPENSATION FOR THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION. GOOD SHEPHERD HOMES THEN REIMBURSES GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA FOR ALL SALARIES AND BENEFIT EXPENSES. GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA USES THE FOLLOWING WHEN DETERMINING COMPENSATION FOR OFFICERS AND EMPLOYEES: (1) COMPENSATION SURVEY OR STUDY, AND (2) APPROVAL BY BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 GOOD SHEPHERD HOMES, INC. PAYS GOOD SHEPHERD LUTHERAN HOME TO MANAGE ITS AFFAIRS. THE MANAGEMENT FEE PAID DURING THE YEAR WAS $35,496. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CORPORATION INCLUDE ONE PASTOR AND TWO DELEGATES DESIGNATED OR ELECTED BY EACH OF THE AFFILIATED CONGREGATIONS OF THE MISSOURI SYNOD LUTHERAN CHURCH. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS, CONSISTING OF TWO DELEGATES AND A PASTOR FROM EACH OF THE SPONSORING CONGREGATIONS, ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CORPORATION MAY, BY A MAJORITY VOTE, AUTHORIZE THE BOARD OF DIRECTORS TO EXERCISE THE POWER OF AMENDMENT OF THE BY-LAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS REVIEWED BY THE CEO, FINANCIAL MANAGER, AND BOARD MEMBERS. A COPY OF THE FORM IS PROVIDED TO THE BOARD MEMBERS PRIOR TO THE BOARD MEETING REVIEW. THIS REVIEW AND APPROVAL PROCESS OCCURS BEFORE THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, THE VICE PRESIDENT(S), CEO AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT DISCLOSURE, WHICH ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE CEO MONITORS FOR CONFLICTS AND DECIDES WHETHER A CONFLICT EXISTS. WHEN A CONFLICT EXISTS, IT IS ACKNOWLEDGED AND THE BOARD IS NOTIFIED. THE INDIVIDUAL WITH THE CONFLICT IS UNABLE TO VOTE ON DECISIONS RELATED TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO OF GOOD SHEPHERD HOMES, INC. IS COMPENSATED BY GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA, A RELATED PARTY. WHEN DETERMINING THE PRESIDENT AND CEO'S COMPENSATION, GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA USES THE FOLLOWING METHODS: - COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. 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. GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS MINNESOTA 1115 FOURTH AVE N SAUK RAPIDS MN 56379 410851905 SERVICES TO SENIORS MN 501(C)(3) LINE 10 N/A 0 SHEPHERD OAK WEST APARTMENTS INC 1115 FOURTH AVE N SAUK RAPIDS MN 56379 411870826 HOUSING FOR LOW INCOME SENIORS MN 501(C)(3) LINE 10 SEE SCHEDULE R - PART VII 1 SHEPHERD OAK APARTMENTS INC 1115 FOURTH AVE N SAUK RAPIDS MN 56379 411773664 HOUSING FOR LOW INCOME SENIORS MN 501(C)(3) LINE 10 SEE SCHEDULE R - PART VII 1 THE GOOD SHEPHERD LUTHERAN FOUNDATION INC 1115 FOURTH AVE N SAUK RAPIDS MN 56379 411302004 SUPPORTING GOOD SHEPHERD LUTHERAN HOME MN 501(C)(3) LINE 12A, I GSLH 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 SCHEDULE R, PART II, COLUMN F: FOR ENTITIES IN PART II, WITH THE EXCEPTION OF THE GOOD SHEPHERD LUTHERAN FOUNDATION AND GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA, ALL ARE DEEMED TO BE THE DIRECT CONTROLLING ENTITIES OF EACH OTHER FOR THE PURPOSES FOR COLUMN (F) BECAUSE THERE IS OVERLAP IN THE BOARD MEMBERS OF EACH OF THESE FACILITIES.