2024-11-04T12:39:17-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2023-01-01 455139878 WESTERN HOME GROUP WEST 3192772141 5307 CARAWAY LANE CEDAR FALLS IA 50613 PATRICK O'LEARY CHIEF STRATEGY OFFICER 3192772141 2024-11-01 1 0 KRISTEN DONLEVY P01670215 4144761880 2024-10-30 2023 2024-10-15 13:58:12Z PATRICK O'LEARY 5307 CARAWAY LANE CEDAR FALLS IA 50613 39401157 1 1 5863 X N/A X 2011 IA TO ASSERTIVELY CREATE FULFILLING LIFESTYLES FOR SENIORS, THEIR FAMILIES, AND OUR EMPLOYEES. 8 8 282 678 0 0 1820868 214158 33953083 38362587 828592 824412 0 0 36602543 39401157 0 0 0 0 15915266 13392006 0 0 0 26572090 29183574 42487356 42575580 -5884813 -3174423 172460536 179847474 176152626 186675845 -3692090 -6828371 TO ASSERTIVELY CREATE FULFILLING LIFESTYLES FOR SENIORS, THEIR FAMILIES, AND OUR EMPLOYEES. 0 0 28967793 0 38362587 PROVIDED PERSONAL CARE SUCH AS BATHING, DRESSING, MEAL PREPARATION, LIGHT HOUSEKEEPING, AND ERRAND RUNNING FOR ELDERLY AND POST-HOSPITAL PATIENTS IN THE CEDAR FALLS/WATERLOO AREA. ALSO OFFERED COMPASSIONATE CARE AND SERVICES FOR SENIORS THROUGH THE OPERATION OF THE STANARD FAMILY ASSISTED LIVING CENTER, THE WINDHAVEN ASSISTED LIVING CENTER, MADRID HOME FOR THE AGING, CREEKSIDE, INC, LUTHERAN HOMES FOR THE AGING, WHSN, INC. AND MULTIPLE INDEPENDENT LIVING CENTERS. 28967793 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 282 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 X SHERI BROCKELSBY 3192772141 5307 CARAWAY LANE CEDAR FALLS IA 50613 KRIS HANSEN CHIEF EXECUTIVE OFFICER 1.00 39.00 X X 0 450003 42357 SARAH BROWN BOARD CHAIR 1.00 1.00 X X 0 0 0 RONALD GAINES VICE CHAIR 1.00 1.00 X X 0 0 0 LARRY FOX IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 GREG SCHMITZ TREASURER 1.00 1.00 X X 0 0 0 DR RICHARD FRANKHAUSER SECRETARY 1.00 1.00 X X 0 0 0 NAFISSA EGBUONYE DIRECTOR 1.00 1.00 X 0 0 0 DIANNE SCHULTZ DIRECTOR 1.00 1.00 X 0 0 0 ASHLEY SWANSON EXECUTIVE ASSISTANCE 1.00 0.00 X 0 0 0 PAT O'LEARY CSO 1.00 39.00 X 0 312139 39871 JERRY HARRIS CHIEF OPERATING OFFICER 1.00 39.00 X 0 242892 39247 DARRELL MCCORMICK DCO 1.00 39.00 X 0 222985 47857 WENDY AGER OPERATIONS SR DIRECTOR 1.00 39.00 X 0 176128 8147 ANGELA CHRISTENSON ASSISTANT DIRECTOR OF NURSING 40.00 0.00 X 125530 0 10612 TARYN WILLBEE RN 40.00 0.00 X 106981 0 12485 SCOTT KRAMER ADMINISTRATOR 40.00 0.00 X 104901 0 4794 SADIE FUSON SCHEDULING CLINICAL ED COORDINATOR 40.00 0.00 X 100381 0 4110 437793 1404147 209480 4 0 1 0 CARDINAL CONSTRUCTION INC 1246 MARTIN RD WATERLOO IA 50701 CONSTRUCTION 6559663 MARTIN BROTHERS 406 VIKING RD CEDAR FALLS IA 50613 FOOD/DINING SUPPLIES 2557859 COMDATA CREDIT 5301 MARYLAND WAY BRENTWOOD TN 37027 FINANCIAL SERVICES 1121719 WEST BEND MUTUAL INSURANCE COMPANY- WI 1900 S 18TH AVE WEST BEND WI 53095 INSURANCE SERVICES 1012024 HELPING HANDS HEALTHCARE SOLUTIONS 2563 KATE STREET WATERLOO IA 50701 STAFFING AGENCY 839856 78 214158 214158 ROUTINE SERVICES 623990 36208019 36208019 ANCILLARY 623990 2154568 2154568 38362587 824412 824412 39401157 38362587 0 824412 11512811 8886388 2626423 146208 112287 33921 924613 543340 381273 808374 629081 179293 6968491 6968491 2865117 2437577 427540 126188 126188 77092 77092 1050760 198080 852680 2890738 2544131 346607 535223 484061 51162 2065162 2065162 7023698 7023698 720464 720464 FOOD & DEPARTMENT SUPPL 3432531 3426497 6034 OTHER GENERAL & ADMIN 1160405 503936 656469 BAD DEBT 234469 104358 130111 COVID-19 EXPENSES 33236 9197 24039 42575580 28967793 13607787 0 2395207 5223695 253751 1043566 1205078 625851 841963 599199 651559 201379047 70663661 128175743 130715386 804034 701009 1125000 1125000 37691936 39130033 172460536 179847474 2489805 2962965 114950364 119821346 53544862 57735313 445954 30103 4721641 6126118 176152626 186675845 X -3692090 -6828371 -3692090 -6828371 172460536 179847474 -3174423 38142 0 X X 0 1 X 1 0 X 168636 666221 4267441 1820868 214158 7137324 23950525 24063499 36564141 33953083 38362587 156893835 24119161 24729720 40831582 35773951 38576745 164031159 0 0 0 164031159 791835 795671 860077 828592 824412 4100587 791835 795671 860077 828592 824412 4100587 24910996 25525391 41691659 36602543 39401157 168131746 0.97560 0.97400 0.02440 0.02600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 16946 9660 11924 14682 1 X 17107305 17107305 184271742 70663661 113608081 130715386 RELATED PARTY RECEIVABLES 38153934 BOND REPAIR & REPLACEMENT FUND 79566 PROJECT FUND 289070 BENEFICIAL INTEREST 607463 39130033 RELATED PARTY PAYABLES 5602078 ADVANCE REFUNDABLE DEPOSIT 524040 6126118 X PART IV, LINE 1B: THESE FUNDS ARE HELD AS RESIDENT TRUST FUND AND ARE CLASSIFIED AS AN ASSET. THE RESIDENT TRUST FUND WAS FORMED BY A SIGNED TRUST AGREEMENT, WHICH CONFORMS TO THE IRS RULES AND REGULATIONS. PART IV, LINE 2B: THE FUNDS ARE HELD AS RESIDENT TRUST FUND ACCOUNT AND HAVE OFFSETTING LIABILITIES TO THE ASSET ACCOUNT. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE ACCOUNTING STANDARD REGARDING ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THIS STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN THE ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THIS STANDARD HAD NO MATERIAL EFFECT ON THE ORGANIZATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOW. 0 0 0 0 0 0 0 0 0 KRIS HANSEN CHIEF EXECUTIVE OFFICER 0 450003 0 0 0 0 0 13200 0 29157 0 492360 0 0 PAT O'LEARY CSO 0 312139 0 0 0 0 0 986 0 38885 0 352010 0 0 JERRY HARRIS CHIEF OPERATING OFFICER 0 242892 0 0 0 0 0 9716 0 29531 0 282139 0 0 DARRELL MCCORMICK DCO 0 222985 0 0 0 0 0 8919 0 38938 0 270842 0 0 WENDY AGER OPERATIONS SR DIRECTOR 0 176128 0 0 0 0 0 7045 0 1102 0 184275 0 0 PART I, LINE 3 BOARD MEMBERS DETERMINE THE SALARIES FOR LEADERSHIP EMPLOYEES USING LEADING AGE SALARY SURVEYS AS WELL AS OTHER SALARY SURVEYS. A IOWA FINANCE AUTHORITY 521699886 2017-03-22 9250000 SENIOR LIVING FACILITIES REVENUE BOND (CREEKSIDE PROJECT) 0 0 0 B IOWA FINANCE AUTHORITY 521699886 2019-02-21 10000000 HEALTH CARE FACILITIES REVENUE REFUNDING BOND 0 0 0 A 1224722 9250000 9250000 2018 0 0 1 1 B 1220406 10000000 8748155 199628 428648 623569 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 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: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2023 ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2023 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 THE ORGANIZATIONS 990 WILL BE DISTRIBUTED TO ALL MEMBERS OF THE BOARD VIA EMAIL AND WILL BE REVIEWED AND APPROVED BY ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COVERS ANY OFFICER, DIRECTOR, BOARD MEMBER, KEY EMPLOYEE OR MANAGER OF WHS. EMPLOYEES MUST PROMPTLY DISCLOSE TO THE WHS AND ITS AFFILIATES ANY RELATIONSHIP, OWNERSHIP, INVESTMENT OR BUSINESS INTEREST, WHETHER DIRECT OR INDIRECT, THAT THE EMPLOYEE OR A MEMBER OF HIS/HER IMMEDIATE FAMILY HAS WITH ANY PERSON, OR IN ANY BUSINESS OR ENTERPRISE (OTHER THAN PUBLICLY TRADED SECURITIES). PRESENTATIONS OF POSSIBLE CONFLICTS OF INTEREST ARE DONE AT BOARD MEETINGS. AFTER THE PRESENTATION, THE INDIVIDUAL SHOULD LEAVE THE ROOM WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 2C: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS TO PERFORM THE AUDIT. THE BOARD IS ALSO RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. WESTERN HOME FOUNDATION 5307 CARAWAY LN CEDAR FALLS IA 50613 421505760 SUPPORT RELATED ORGANIZATIONS THROUGH GIFTS, STEWARDSHIP, AND EDUCATION IA 501(C)(3) LINE 12A, I WESTERN HOME SERVICES INC 0 WESTERN HOME SERVICES INC 5307 CARAWAY LN CEDAR FALLS IA 50613 272825987 PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES TO RELATED ORGANIZATIONS IA 501(C)(3) LINE 12B, II N/A 0 MARTIN HEALTH CENTER 5307 CARAWAY LN CEDAR FALLS IA 50613 420680487 NURSING CENTER IA 501(C)(3) LINE 10 WESTERN HOME SERVICES INC 0 LUTHERAN HOME FOR THE AGING 5307 CARAWAY LN CEDAR FALLS IA 50613 420680326 OWN AND MAINTAIN CAPITAL ASSETS IA 501(C)(3) LINE 10 MADRID HOME FOR THE AGING 0 FORTIFIED LIFE INC 5307 CARAWAY LN CEDAR FALLS IA 50613 854058595 WELLNESS, INTERVENTIONS & CARE OPTIONS FOR SENIORS IA 501(C)(3) LINE 10 WESTERN HOME SERVICES INC 0 TECH OF AGES LLC 5307 CARAWAY LANE CEDAR FALLS IA 50613 352453636 PROVIDE INFORMATION TECHNOLOGY SERVICES AND SUPPORT IA WESTERN HOME SERVICES INC C 0 WESTERN HOME MANAGEMENT LLC 5307 CARAWAY LANE CEDAR FALLS IA 50613 352628318 PROVIDE MANAGEMENT AND SUPPORTIVE SERVICES TO UNRELATED ORGANIZATIONS IA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 WESTERN HOME SERVICES INC Q 1013031 ACTUAL