2025-11-13T14:45:16-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2024-01-01 411823545 OAK MEADOWS OAKM 6515780676 8131 4TH STREET NORTH OAKDALE MN 55128 JOHN KUHRMEYER CFO 6515780676 2025-11-13 1 0 JUSTIN HARTERT P02236744 5074467100 2025-11-13 2024 2025-03-06 01:10:19Z TODD WILLETT 8131 4TH STREET NORTH OAKDALE MN 55128 7300743 0 X WWW.OAK-MEADOWS.ORG X 1995 MN PROVIDE INDEPENDENT, ASSISTED AND MEMORY CARE HOUSING AND SERVICES TO SENIORS. 7 7 0 25 0 0 28767 29383 5538864 6543615 9617 16793 102460 704396 5679708 7294187 0 0 0 0 3325331 3524430 0 0 0 2678742 3513014 6004073 7037444 -324365 256743 7401892 7532753 8199412 8030076 -797520 -497323 X OAK MEADOWS EXISTS TO PROVIDE A DIGNIFIED LIVING ENVIRONMENT THAT EMBODIES GOD'S LOVE FOR ALL AND IS DEDICATED TO THE WELL-BEING OF OUR TENANTS, THEIR FAMILIES AND OUR STAFF. OAK MEADOWS PROVIDES INDEPENDENT, ASSISTED AND MEMORY CARE HOUSING AND SERVICES TO SENIORS IN OUR COMMUNITY. 0 0 6014383 0 7212100 THE ORGANIZATION OWNS AND OPERATES A 48-UNIT ASSISTED LIVING FACILITY, A 62-UNIT INDEPENDENT LIVING FACILITY, AND A 12-UNIT MEMORY CARE FACILITY FOR THE ELDERLY. DURING THE YEAR ENDED DECEMBER 31, 2024, THE OCCUPANCY PERCENTAGE WAS 92.2% FOR THE ASSISTED LIVING FACILITY, 95.1% FOR THE INDEPENDENT LIVING FACILITY, AND 94.5% FOR THE MEMORY CARE FACILITY. 6014383 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 22 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X TODD WILLETT 6128743460 7505 METRO BLVD SUITE 100 EDINA MN 55439 X JOHN KUHRMEYER PRESIDENT 1.00 X X 0 0 0 ELIZABETH OMARA VICE PRESIDENT 1.00 X X 0 0 0 LARRY WILFORD TREASURER 1.00 X X 0 0 0 VI LINCOWSKI SECRETARY 1.00 X X 0 0 0 JERRY HOGANSON DIRECTORS 1.00 X 0 0 0 DENNIS PETERSON DIRECTORS 1.00 X 0 0 0 ROGER J CORNETTO DIRECTORS 1.00 X 0 0 0 0 0 0 0 0 0 0 EBENEZER MANAGEMENT SERVICE 7505 METRO BOULEVARD SUITE 100 EDINA MN 55439 FACILITY MANAGEMENT SERVICES 513919 1 29383 29383 TENANT SERVICES 623000 6263127 6263127 MEAL INCOME 624200 280488 280488 6543615 16793 16793 35911 0 35911 35911 35911 8784 6556 2228 2228 INSURANCE PROCEEDS 900099 560750 560750 COMMUNITY FEE 900099 60000 60000 EMPLOYEE AND GUEST MEA 624200 11696 11696 33811 33811 666257 7294187 7212100 0 52704 2739827 2668101 71726 87479 85189 2290 478217 465698 12519 218907 213176 5731 334699 334699 14512 14512 52238 52238 156512 92537 63975 14054 14054 56016 46807 9209 1249817 1191992 57825 40706 40706 4931 4931 268325 265642 2683 670489 663784 6705 228021 228021 FOOD 217410 217410 MISCELLANEOUS EXPENSES 112500 63341 49159 DUES & SUBSCRIPTIONS 74035 0 74035 SALES & USE TAX 15272 15272 3477 3477 7037444 6014383 1023061 0 86615 232839 440264 632753 25865 115515 17634 186388 18077560 12054491 6552917 6023069 217485 287036 61112 55153 7401892 7532753 619307 845073 5612 29814 55700 50200 7163493 6957478 355300 147511 8199412 8030076 X -1062511 -831691 264991 334368 -797520 -497323 7401892 7532753 256743 43454 0 X 0 1 X 1 0 X 54839 252402 52439 28767 29383 417830 3311031 3686880 4944443 5550273 6552399 24045026 27094 28034 37840 52258 666033 811259 3392964 3967316 5034722 5631298 7247815 25274115 20000 10000 30000 0 20000 10000 30000 25244115 29311 25806 31082 48127 52704 187030 29311 25806 31082 48127 52704 187030 2900 19840 10801 1913 224 35678 3425175 4012962 5076605 5681338 7300743 25496823 0.99010 0.98950 0.00730 0.00820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 2,900. 2021 AMOUNT: $ 19,840. 2022 AMOUNT: $ 10,801. 2023 AMOUNT: $ 1,913. 2024 AMOUNT: $ 224. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 19755 19812 1461 41028 19643 1782 -1669 19755 24759 -5150 33 19643 21684 3075 24759 17532 4149 3 21678 0.00000 0.84110 0.15890 1 0 1174889 1174889 12817704 11372793 1444911 8381 8381 3985830 630722 3355108 90756 50976 39780 6023069 SPECIAL ASSESSMENTS 9450 RESTRICTED FUNDS 138061 147511 X 7344197 43454 43454 7300743 -6556 -6556 7294187 7044000 6556 6556 7037444 0 7037444 PART IV, LINE 2B: AS A CONDITION OF OCCUPANCY, RESIDENTS ARE REQUIRED TO MAKE SECURITY DEPOSITS. THE DEPOSITS ARE REFUNDABLE UPON LEAVING. PART V, LINE 4: THE PRIMARY PURPOSE OF THE ARTS PROGRAMMING ENDOWMENT FUND IS TO SUPPORT THE ARTS PROGRAM THROUGH INTEREST EARNED ON THE RESTRICTED INVESTMENT. THE FUNDS ARE HELD IN UNITED CHURCH FUNDS. PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, THE CORPORATION IS NOT SUBJECT TO FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. THE CORPORATION IS CLASSIFIED AS A PUBLICLY- SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 509(A)(2) OF THE IRC AND CONTRIBUTIONS TO THE CORPORATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE DONOR. THE CORPORATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GENERAL STORE COST OF GOODS SOLD -6,556. PART XII, LINE 2D - OTHER ADJUSTMENTS: GENERAL STORE COST OF GOODS SOLD 6,556. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE CONSISTS OF PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT TAKE ACTION WITH RESPECT TO THE DISPOSITION OF PROPERTY IN THE EVENT OF DISSOLUTION OF THIS CORPORATION, THE DISPOSITION OF MATERIAL ASSETS OF THIS CORPORATION, OR THE INCURRING OF CORPORATE INDEBTEDNESS IN ANY AMOUNT IN EXCESS OF TEN THOUSAND DOLLARS. FORM 990, PART VI, SECTION A, LINE 3 DURING THE YEAR ENDED DECEMBER 31, 2022, THE CORPORATION ENTERED INTO A MANAGEMENT AGREEMENT WITH EBENEZER MANAGEMENT SERVICES TO MAANGE THE DAY-TO-DAY OPERATIONS, FINANCES, MARKETING, AND HUMAN RESOURCES. UNDER THE TERMS OF THE MANAGEMENT AGREEMENT, THE CORPORATION PAYS EBENEZER MANAGEMENT SERVICES FIVE PERCENT OF THE CORPORATION'S OPERATING REVENUES. THE MANAGEMENT AGREEMENT RUNS THROUGH SEPTEMBER 1, 2027. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OAK MEADOWS' CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT. EACH MEMBER OF THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT IS REQUIRED TO ANNUALLY SIGN A FORM DISCLOSING POSSIBLE CONFLICTS OF INTEREST. DURING ANY BOARD OR COMMITTEE MEETINGS, AN INDIVIDUAL WITH AN ACTUAL OR POTENTIAL CONFLICT IS REQUIRED TO DISCLOSE THE RELEVANT FACTS BEFORE ANY DISCUSSION OCCURS. IF IT IS UNCLEAR WHETHER A CONFLICT EXISTS, THE REMAINING BOARD MEMBERS MAKE THE DETERMINATION BY MAJORITY VOTE. IF AN INDIVIDUAL HAS A CONFLICT, THEY MAY NOT PARTICIPATE IN DISCUSSIONS OR VOTES CONCERNING THE MATTER. IF A MEMBER OF SENIOR MANAGEMENT HAS A CONFLICT, THEY DISCLOSE THE FACT TO THE CEO AND TO THE PRESIDENT OF THE BOARD OF DIRECTORS. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 OAK MEADOWS' FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. ST PAUL'S FAMILY RESOURCES FOUNDATION 8131 FOURTH STREET NORTH OAKDALE MN 55128 411406562 MAINTAIN INVESTMENT ASSETS FOR SUPPORTED ORGANIZATIONS MN 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0