2025-03-25T10:02:03-05:00 2024-09-30 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990 2023-10-01 411553655 GLACIAL RIDGE HOSPITAL FOUNDATION GLAC 3206344521 7 4TH AVE SE GLENWOOD MN 56334 KIRK STENSRUD CEO 3206344521 2025-03-25 1 0 JULIE BOYER P01278549 2187275025 2025-02-26 2023 2025-03-06 01:10:19Z KIRK STENSRUD 7 4TH AVE SE GLENWOOD MN 56334 1534897 0 X WWW.GLACIALRIDGE.ORG X 1986 MN PROVIDE SUPPORT FOR GLACIAL RIDGE HOSPITAL DISTRICT AND OPERATE RIDGEWOOD VILLA. 6 5 0 26 -3302 0 26810 135167 1287502 1298250 0 37469 -8047 -4470 1306265 1466416 0 0 0 0 133415 146636 0 0 0 975632 946403 1109047 1093039 197218 373377 8492546 8587476 5732547 5428110 2759999 3159366 X TO DEVELOP AND ADMINISTER PROGRAMS THAT WILL PROVIDE FINANCIAL RESOURCES THROUGH VOLUNTARY GIVING FOR SPECIAL PROJECTS OF THE GLACIAL RIDGE HOSPITAL AND GLACIAL RIDGE HOSPITAL DISTRICT, AND SUCH OTHER ORGANIZATIONS. 0 0 1087668 1298250 THE MAIN PROGRAM OF THE FOUNDATION IS OPERATIONS OF THE RIDGEWOOD VILLA INDEPENDENT LIVING CENTER "THE VILLA". RIDGEWOOD VILLA IS A 59+ BED INDEPENDENT LIVING CAMPUS IN GLENWOOD, MN THAT OFFERS RESIDENTS THE FREEDOM TO LIVE INDEPENDENTLY WHILE PROVIDING MANY OF THE COMFORTS OF HOME AND OPPORTUNITIES TO GATHER WITH FRIENDS. IT IS CONVENIENTLY LOCATED ACROSS THE STREET FROM THE GLACIAL RIDGE HEALTH SYSTEM AND OPERATES AN URGENT CALL SYSTEM MONITORED BY GLACIAL RIDGE HOSPITAL 24 HOURS A DAY. THE FACILITY IS EQUIPPED WITH STATE OF THE ART FIRE PROTECTION AND SECURED ENTRANCES. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 RIDGEWOOD VILLA HAD 48 UNITS OCCUPIED AND OPERATED AT 92% CAPACITY. MONTHLY RENT INCLUDES HOMEMADE MEALS SERVED EACH DAY AT NOON, 365 DAYS A YEAR AND BREAKFAST 5 DAYS A WEEK, FULL USE OF THE FIRESIDE LOUNGE, ACTIVITY LOUNGE, LIBRARY, CHAPEL AND GAME ROOM. VARIOUS ACTIVITIES ARE PROVIDED FOR RESIDENTS 2-3 TIMES PER WEEK. THE GAME ROOM IS USED FOR BINGO, CARDS, PUZZLES AND OTHER SOCIAL GATHERINGS. THE CHAPEL IS OPEN FOR RESIDENTS TO USE TO FULFILL THEIR SPIRITUAL NEEDS. RESIDENTS HAVE THE OPTION TO PURCHASE ADDITIONAL SERVICES, SUCH AS HOME HEALTH CARE, LAUNDRY, GROCERY DELIVERY, ADDITIONAL HOUSEKEEPING OR MEAL SERVICES AND PERSONAL ALARM MEDALLIONS ARE ALSO AVAILABLE TO RESIDENTS.STANDARD AND DELUXE 1 AND 2 BEDROOM APARTMENTS ARE AVAILABLE. THE VILLA HAS 59 UNITS FOR RENTAL TO THOSE AGE 55 PLUS. ADDITIONAL AMENITIES INCLUDE GLACIAL RIDGE WELLNESS CENTER WITH AN EXERCISE POOL AND A PHARMACY AND GIFT SHOP. 1087668 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 MN X KYLE CHASE 3204241342 10 4TH AVENUE SE GLENWOOD MN 56334 KIRK STENSRUD CEO 40.00 1.00 X X 0 307687 38424 DENNIS MARTINSON CHAIR 1.00 1.00 X X 0 0 0 BRUCE HARVEY VICE CHAIR 1.00 1.00 X X 0 0 0 MARY JOHNSON SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 DUAINE ESSIG DIRECTOR 1.00 1.00 X 0 0 0 KAREN DEMORETT DIRECTOR 1.00 1.00 X 0 0 0 KYLE CHASE CFO 40.00 1.00 X 0 178948 21661 DARYL KLOUS EXECUTIVE DIRECTOR 40.00 4.00 X 0 94863 17336 0 581498 77421 0 0 1 0 0 135167 108458 135167 RIDGEWOOD VILLA APARTM 623990 1002846 1002846 WELLNESS CENTER 623990 187621 187621 MISCELLANEOUS REVENUE 623990 74378 74378 CABLE TV 623990 20655 20655 ENTRANCE FEES 623990 12750 12750 1298250 37469 37469 64011 68481 -4470 -4470 -3302 -1168 1466416 1298250 -3302 36301 X 136501 136501 10135 10135 4200 4200 181665 181665 1171 1171 21003 21003 199385 199385 115947 115947 355540 355540 22828 22828 REPAIRS 24095 24095 WELLNESS CENTER EXPENSE 20115 20115 DIETARY SUPPLIES 454 454 1093039 1087668 5371 0 987258 1264397 5182 5891 11682615 4543506 7456504 7139109 0 134441 43602 43638 8492546 8587476 95046 113561 5612500 5292475 25001 22074 5732547 5428110 X 2759999 3159366 2759999 3159366 8492546 8587476 373377 25990 0 X 0 1 X 1 0 X X 1 GLACIAL RIDGE HOSPITAL DISTRICT 416006942 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 743243 743243 10668155 4274630 6393525 33412 33412 0 237805 235464 2341 7139109 MORTGAGE PAYABLE TO GRHS 22074 22074 0 0 0 0 0 0 0 0 0 KIRK STENSRUD CEO 0 307687 0 0 0 0 0 22571 0 15853 0 346111 0 0 KYLE CHASE CFO 0 178948 0 0 0 0 0 10460 0 11201 0 200609 0 0 PART I, LINE 3 ALL COMPENSATION IS PAID BY GLACIAL RIDGE HOSPITAL DISTRICT (GRHD), A RELATED ORGANIZATION. GRHD USES REGIONAL SALARY SURVEYS THAT ARE PERIODICALLY REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE COMPENSATION. X 1 108458 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): GLACIAL RIDGE HOSPITAL FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION BOARD OF DIRECTORS IS A SELF ELECTING BOARD; HOWEVER GLACIAL RIDGE HOSPITAL DISTRICT HAS THE AUTHORITY TO APPROVE THE ELECTIONS. CURRENTLY, GLACIAL RIDGE HOSPITAL DISTRICT AND GLACIAL RIDGE HOSPITAL FOUNDATION HAVE THE SAME BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. THE BOARD OF DIRECTORS WILL REVIEW THE FILED FORM 990. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G FOOD SERVICES: PROGRAM SERVICE EXPENSES 92,154. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,154. SUBCONTRACTS: PROGRAM SERVICE EXPENSES 89,511. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,511. GLACIAL RIDGE HOSPITAL DISTRICT 10 FOURTH AVENUE SE GLENWOOD MN 56334 416006942 HOSPITAL MN GOVERNMENTAL LINE 3 N/A 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 GLACIAL RIDGE HOSPITAL DISTRICT O 644974 ACTUAL AMOUNT