2024-11-15T13:29:37-06:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 810499281 Missions United Inc c/o St John's Lutheran Ministries Inc MISS 4066555600 3940 Rimrock Road Billings MT 59102 Jerry Pearsall CFO 4066555600 2024-11-15 1 1 Mayumi Stella P00970938 6122536500 2024-11-15 2023 2024-10-15 13:58:12Z David Trost 3940 Rimrock Road Billings MT 59102 24056408 0 X www.missionsunited.org X 1998 MT Retirement and assisted living housing. 7 7 0 190 0 0 250 10475 11927070 13599236 887069 816702 0 0 12814389 14426413 0 0 0 0 3539027 4742928 0 0 0 9551243 9795481 13090270 14538409 -275881 -111996 52255173 54371886 46175320 46247925 6079853 8123961 X To serve Christ by creating abundant life opportunities and providing quality service for seniors. 0 0 12401705 13599236 Missions United is first and foremost a Christian community. Our mission is God's Mission; the work of healing a broken world, the work of healing the sick, and binding up the broken hearted. This mission is accomplished through serving Christ by creating abundant life opportunities and providing quality services to seniors. (Continued on Schedule O)Missions United, Inc. opened Mission Ridge, Montana's first state-of-the-art CCRC in Billings, on January 5, 1998. In October 2016, it opened its second community, WyndStone, in Billings Heights; and in February 2023, it acquired SkyRidge, also in Billings Heights. Missions United, Inc. is an expression and extension of the church's mission. In public worship and in private settings, the following events happen: God's saving word is proclaimed, the Sacraments are administered, prayers and devotions are offered, pastoral care and counseling are provided, and works of charity and benevolence are offered.The goal of the Mission Ridge, WyndStone, and SkyRidge communities is to provide housing, as well as health and financial security for our elders, while simultaneously preserving their privacy and self-sufficiency to the fullest extent possible. The Mission Ridge senior living community consists of 121 independent living apartments and 62 assisted living apartments, while WyndStone has 51 independent living and 32 assisted living apartments, and SkyRidge has 32 assisted living apartments. In conjunction with the existing long-term care facility, St. John's United, Missions United residents receive priority access to a full continuum of care.Missions United is providing for the physical, spiritual, social, and emotional wellbeing of its residents by offering housing in an environment designed specifically for their needs. Missions United residents are guided and nurtured through life's housing and healthcare transitions, lessening the hardship and crisis for themselves and their families. Financial security is being provided to the residents of the community by offering quality services to residents at the lowest possible cost. Missions United has adopted a policy, set forth in the Residency Agreement, providing financial assistance to residents who become unable to pay their monthly service fee or other charges. No residents have been, or ever will be, discharged because of an inability to pay. Existing resident deposits are available to assure such financial assistance will be available. The average deposit on a Missions United/WyndStone apartment on December 31, 2023 was about $118,000. That is just 30% of the 2023 median single family homes sale in Billings of $387,216 (Zillow). Missions United contracts for and provides access to a continuum of long-term care services available to elderly residents of middle class financial means. A long-term care benefit is offered to all independent living residents to assist in preserving financial security. The benefit provides $500 per month if transition occurs to assisted living and $750 per month if transition occurs to skilled nursing services (total maximum benefit of $18,000). During 2023, 28 residents who required either assisted living or skilled nursing care received $118,637 in long-term care benefits. From date of inception (1998), residents have received $2,338,772.03 in long-term care benefits. Missions United is not just an expression and extension of the church; it is the church at work in this place and in the world. In our 25th year, Missions United provided many community benefits. Included in our effort to promote benefits to our residents and provide service to others in the world were the following:1. Invest in a community benefit tracking software that will help better define, track, and store all of our efforts, costs, and people served as a benefit to the larger community. Missions United provided $486,323 of community benefit to 19,411 people in 2023.2. $47,522 was distributed equally to the sponsors to support the charity care and Medicaid services that the sponsors provide to low-income elders and other marginalized elders. 3. Missions United has intentionally not fully occupied its assisted living apartments to keep two respite rooms available to serve area seniors for short periods of time while long-term decisions can be made. Mission Ridge and WyndStone provided respite care for about 362 days in 2023, resulting in a loss of revenue of about $66,240 for the days they remained open. Missions United pays bed hold fees totaling $36,500 annually to maintain availability to other levels of care via the St. John's Continuum of Care. In addition, Missions United committed $250,000 in 2023 to assure that those who have run out of resources and rely on Medicaid will have a place in the St. John's continuum of care should they need memory or skilled nursing care.4. Staff encourages and facilitates the residents to volunteer in the community via formal programs, sponsorship, and transportation.5. The 2023 Summer Concert held its 25th season on the Missions United/St. John's campus. We hosted over 12,000 people as we provided six community events at no charge to our residents, friends, and neighbors! 6. Provided space to other organizations as needed in 2023 groups such as Big Sky Senior Services, retired teachers, non-denominational worship and bible studies, Billings Public Library, Arrowhead school events, recitals, Sons of Norway, Billings Public Schools, MSU Art/Music Departments.7. In 2023, Missions United provided free health assessments, education, and/or guidance to approximately 1,825 seniors and their families including information about our services beyond that of Missions United. This guidance helps their understanding and preparation for senior living and their understanding of other benefits available to them such as Veterans Aid and Attendance, Medicaid Waiver, Medicare A, B, and D, and/or improving their current situation by identifying opportunities and health needs while still living at home. Once residents, they find additional comfort in the fact that they have a plan for their future when their medical needs change. 12401705 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 0 0 0 0 0 0 1 17 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X X Jerry Pearsall CFO 4066555684 3940 Rimrock Road Billings MT 59102 X X Jennifer Alderfer Board Member (Jan Sep) 1.00 X 0 0 0 Mike Follett Board Member 1.00 X 0 0 0 Kristy Foss Board Member 1.00 X 0 0 0 Tim Pellandini Board Member (Jan Sep) 1.00 X 0 0 0 Bryan Johnson Board Member (Oct-Dec) 1.00 X 0 0 0 Paige Spalding President 2.00 X X 0 0 0 Tracy Neary Vice President 1.00 X X 0 0 0 David Trost Secretary 1.00 X X 0 0 0 Mark Wilkinson Treasurer 1.00 X X 0 0 0 Jerry Pearsall CFO 12.00 X 0 0 0 Karna Rhodes - Sr Admin Officer - MU and SJ 20.00 X 0 0 0 Cole Harden - Sr Regional Officer - WyndStone 8.00 X 0 0 0 0 0 0 0 0 0 0 St John's Lutheran Ministries Inc 3940 Rimrock Road Billings MT 59102 Management Fees/Access Fee 1142229 Jones Construction 123 Regal St Billings MT 59101 Construction Services 350191 2 10475 10475 Resident Revenue 623000 13380681 13380681 Entrance Fees 623000 134144 134144 Other Revenue 623000 84411 84411 13599236 536123 536123 9910574 9629995 280579 280579 280579 14426413 13599236 0 816702 X 4175276 3501154 674122 28185 20341 7844 235998 170317 65681 303469 219010 84459 892233 892233 11678 11678 46300 46300 3685354 3435358 249996 111576 111576 280417 215639 64778 126161 126161 805955 802654 3301 14111 1417 12694 11476 6678 4798 694354 694354 2255998 2255998 205311 205311 Food 330201 330201 Repairs and Maintenance 146967 146967 Bad Debt 60000 60000 Fees 49900 36500 13400 67489 64091 3398 14538409 12401705 2136704 0 989379 1538868 83886 225323 1687 1687 86598 101223 61780130 32125739 27315873 29654391 23436766 22292110 262836 244526 159980 78148 153778 52255173 54371886 211261 297390 972509 905465 24380147 23384574 884069 2062462 19727334 19598034 46175320 46247925 X 5912719 7963411 167134 160550 6079853 8123961 52255173 54371886 X -111996 2203626 -47522 X 0 1 X 1 0 X 1225 366017 222 250 10475 378189 10708376 11031694 11016163 11927070 13599236 58282539 10709601 11397711 11016385 11927320 13609711 58660728 0 0 0 58660728 316399 332666 423058 375467 536123 1983713 316399 332666 423058 375467 536123 1983713 11026000 11730377 11439443 12302787 14145834 60644441 0.96730 0.96660 0.03270 0.03020 X 1976704 1976704 50349719 26282529 24067190 5082261 3438267 1643994 4371446 2404943 1966503 29654391 Estimated Obligation for Benefits 735693 Security Deposits 2428596 Refundable Entrance Fees 16433745 19598034 X 16630039 2203626 2203626 14426413 0 14426413 14538409 0 14538409 0 14538409 Part X, Line 2: The Company 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 financial statements. The Company 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. A Montana Facility Finance Authority 810302402 000000000 2014-08-07 30000000 Refunding of 2011 bonds and building of new community, WyndStone 0 0 0 A 6428990 30000000 377289 425000 20029952 9167759 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 Schedule K, Part II: Line 11: We secured $30,000,000 maximum financing to: 1) Pay off MFFA 2011 Bonds used to refinance Mission Ridge, which was $9,028,860.81 + $38,898 interest + $100,000 prepayment penalty to First Interstate Bank. Form 990, Part VI, Section A, line 2 Missions United Board Member David Trost is President and CEO of St. John's United. Senior management staff Jerry Pearsall, Karna Rhodes, and Cole Harden are all employees of St. John's and have a business relationship with David Trost. Missions United Board Members Jen Alderfer, Tracy Neary, and Mark Wilkinson are all employees of SCL Health - St Vincent Healthcare and have a business relationship. Form 990, Part VI, Section A, line 3 The organization is managed by St. John's Lutheran Ministries (dba St. John's United), and all of the staff of Missions United are employed by St. John's; Missions United has no employees. Karna Rhodes, Senior Administrator Officer at St. John's, became the Senior Administrative Officer and now is responsible for the day-to-day operations of the entire main campus in west Billings, which includes Mission Ridge and The Vista. Karna received total compensation of $147,030. A regional department was established to manage all St. John's United properties outside of the main campus in West Billings, which includes the Missions United community, WyndStone. Cole Harden is the Senior Regional Officer with responsibility over WyndStone. Cole received total compensation of $116,225. Missions United continues to receive financial oversight by St. John's CFO Jerry Pearsall, which includes billing, payables, financial reporting, budgeting, and communication with bondholders, as well as other services of maintenance, grounds, and security. Jerry received total compensation of $186,790. Form 990, Part VI, Section A, line 6 Membership in the organization consists of St. Vincent Healthcare and St. John's Lutheran Ministries, Inc. Form 990, Part VI, Section A, line 7a The members shall appoint directors at the annual meeting. Each member shall have the exclusive right to appoint 50% of the total number of the board of directors and replace appointed directors whose terms have expired or who have not completed their terms. Form 990, Part VI, Section A, line 7b The members may amend, repeal or reinstate any bylaw amended, deleted or added by the board of directors. The following board actions require unanimous membership approval: a. All capital contributions received by members in excess of fifty thousand dollars ($50,000) per fiscal year per member; b. The admission of any new members to the corporation; c. The execution, termination or renewal of any management services agreement; d. The incurrence of debt by the corporation in excess of one hundred thousand dollars ($100,000); e. The sale, lease or exchange of all or substantially all of the assets of the corporation; f. The merger, corporate reorganization or consolidation of the corporation; g. The amendment of these bylaws. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Form 990 will be presented to the Board of Directors at a board meeting prior to the filing. Form 990, Part VI, Section B, line 12c Compliance with policy is monitored by overall awareness of directors' interests. The board, board officers and employees are covered under this policy and determinations of whether a conflict of interest exists are made at the board level. All conflicts are reviewed by the board and voting restrictions are imposed on board members with a conflict of interest. Form 990, Part VI, Section B, line 15 The organization receives management services from St. John's Lutheran Ministries, Inc. The Board of Directors/Compensation Committee of St. John's Lutheran Ministries, Inc. sets the wage of the officers for services provided to St. John's Lutheran Ministries, Inc. according to its established compensation policies. All other employees compensation is set by CEO/VP level officers of St. John's Lutheran Ministries, Inc. 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 written request. Form 990, Part VII: Missions United, Inc. pays a management fee to St. John's Lutheran Ministries, Inc. (SJLM) for their management services. The fee paid to SJLM was $892,233 in 2023. The officers are compensated by SJLM for their services provided to SJLM. As part of the management agreement with SJLM, the officers of SJLM provide management services to Missions United, Inc. The management fee paid to SJLM does not allocate a portion related to officer services therefore there is no compensation shown on Part VII for these individuals. Form 990, Part IX, line 11g Contract Labor: Program service expenses 2,847,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,847,007. Purchased Services: Program service expenses 40,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,657. EVS Contract Forefront Fees: Program service expenses 532,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 532,694. Other Fees: Program service expenses 15,000. Management and general expenses 249,996. Fundraising expenses 0. Total expenses 264,996. Form 990, Part XI, line 9: Distributions to St. John's Lutheran Ministries and St. Vincent's -47,522. Form 990, Part IX Line 7 and Part V Line 2: Mission United does not employ any employees, but instead purchases services from St. John's Lutheran Ministries which is reported as compensation services on Part IX.