2026-09-02T08:14:50-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 1100 MINNEAPOLIS MN 55402 990 2025-01-01 454914706 THE LANDING APARTMENTS LAND 6123413148 901 N 3RD STREET 150 MINNEAPOLIS MN 55401 CAROLINE HORTON CHIEF FINANCIAL OFFICER 6123413148 2026-08-29 1 KAREN A GRIES P00078514 6128764500 2026-08-29 2025 RACHEL ROBINSON 901 N 3RD STREET 150 MINNEAPOLIS MN 55401 513499 0 X N/A X 2012 MN TO PROVIDE ELDERLY OR DISABLED 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, WITH THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. 7 7 0 0 0 0 0 0 454363 496278 18843 17221 0 0 473206 513499 0 0 0 0 0 0 0 0 0 681226 670921 681226 670921 -208020 -157422 7271875 7112217 154031 151795 7117844 6960422 X TO PROVIDE ELDERLY OR DISABLED 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, WITH THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS. 0 0 606031 496278 THE CORPORATION WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING A SENIOR RESIDENTIAL APARTMENT COMPLEX LOCATED IN CHASKA, MINNESOTA, KNOWN AS THE LANDING APARTMENTS (THE PROJECT). THE PROJECT HAS 54 UNITS. 606031 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CAROLINE HORTON 6123413148 901 N 3RD STREET SUITE 150 MINNEAPOLIS MN 55401 ERIC JOHNSON PRESIDENT & EXECUTIVE VP 1.00 50.00 X 0 121207 18273 CAROLINE HORTON TREASURER 1.00 50.00 X 0 241898 17283 MARTHA NEVANEN PRESIDENT 1.00 1.00 X X 0 0 0 GREG WERNER SECRETARY 1.00 1.00 X X 0 0 0 MELISSA DOWNEY DIRECTOR 1.00 1.00 X 0 0 0 SAROEUN EARM DIRECTOR 1.00 1.00 X 0 0 0 CJ SIMMONS-FAYE JONES DIRECTOR 1.00 1.00 X 0 0 0 SHAWN POWER DIRECTOR 1.00 1.00 X 0 0 0 SARAH MOBERG DIRECTOR 1.00 1.00 X 0 0 0 0 363105 35556 2 0 1 0 AEON MANAGEMENT LLC 901 NORTH 3RD ST 150 MINNEAPOLIS MN 55401 MANAGEMENT SERVICES & REIMBURSEMENTS 125827 1 TENANT RENTS 531110 256207 256207 TENANT ASSISTANCE PMTS 531110 232877 232877 LAUNDRY & OTHER INCOME 531390 7194 7194 496278 17221 17221 513499 496278 0 17221 53304 53304 20 20 11586 11586 55840 55840 485 485 12416 12416 8216 8216 145026 145026 258 258 426 426 2193 2193 227133 227133 50046 50046 REPAIRS & MAINTENANCE 98054 98054 RESIDENT SERVICES 3172 3172 LICENSES & PERMITS 2375 2375 OTHER MISCELLANEOUS 371 371 670921 606031 64890 0 3657 29786 279646 24719 5606 18710 248 0 9228733 2775245 6673219 6453488 309499 585514 7271875 7112217 16837 21801 1788 3898 135406 126096 154031 151795 X -742256 -899678 7860100 7860100 7117844 6960422 7271875 7112217 -157422 0 X X 0 1 X 1 1 1 X 422849 415441 435132 454363 496278 2224063 422849 415441 435132 454363 496278 2224063 0 0 0 2224063 75 1515 15003 18843 17221 52657 75 1515 15003 18843 17221 52657 422924 416956 450135 473206 513499 2276720 0.97690 0.98370 0.02310 0.01630 X 711198 711198 8350226 2607936 5742290 167309 167309 0 6453488 REPLACEMENT RESERVE 418443 TAX AND INSURANCE ESCROW 38433 RESIDUAL RECEIPTS RESERVE 26127 RIGHT OF USE ASSET 102511 585514 TENANT SECURITY DEPOSIT 21310 FINANCE LEASE LIABILITY 104786 126096 X 513499 0 513499 0 513499 670921 0 670921 0 670921 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT THE CORPORATION EVALUATE TAX POSITIONS AND RECOGNIZE A LIABILITY (OR ASSET) IF THE CORPORATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE CORPORATION HAS ANALYZED ITS TAX POSITIONS AND CONCLUDED THAT AS OF DECEMBER 31, 2025 AND 2024 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. 1 0 0 0 0 0 0 0 0 CAROLINE HORTON TREASURER 0 241898 0 0 0 0 0 6487 0 10796 0 259181 0 0 PART I, LINE 4A ERIC ANTHONY JOHNSON RECEIVED A SEPARATION PAYMENT OF $7,500 IN CALENDAR YEAR 2025. THIS IS REPORTED AS OTHER REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION IN PART VII OF FORM 990. PART I, LINE 3: THE PRESIDENT AND TREASURER ARE PAID BY AEON, A RELATED ORGANIZATION. AEON USES THE FOLLOWING TO ESTABLISH THE MENTIONED OFFICER'S COMPENSATION: - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURBEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 2 ERIC ANTHONY JOHNSON, EXECUTIVE VICE PRESIDENT, SERVED AS PRESIDENT OF THE EXEMPT CONTROLLING ORGANIZATION, AEON, UNTIL HIS DEPARTURE FROM AEON IN MAY 2025. CAROLINE HORTON, TREASURER, SERVES AS CHIEF FINANCIAL OFFICER AND TREASURER OF THE EXEMPT CONTROLLING ORGANIZATION, AEON. FORM 990, PART VI, SECTION A, LINE 3 AEON MANAGEMENT, LLC MANAGES THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A AEON'S BOARD OF DIRECTORS ELECTS THE BOARD OF DIRECTORS FOR THE LANDING APARTMENTS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES IN THE ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS AND BY AEON. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FOR INTERNAL REVIEW. IT IS THEN FINALIZED BY THE CHIEF FINANCIAL OFFICER BEFORE GOING TO THE PRESIDENT AND THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS OF THE LANDING APARTMENTS FOLLOW THE CONFLICT OF INTERST POLICY OF ITS PARENT ORGANIZATION, AEON. DIRECTORS MUST AVOID ANY CONFLICT OF INTEREST WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITY AND MUST REVEAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS TO THE PRESIDENT AND CHAIRPERSON, WHO SHALL INFORM THE BOARD OF DIRECTORS, PRIOR TO PARTICIPATION IN DISCUSSION OR DECISION-MAKING. AFTER COMMUNICATING THE MATERIAL FACTS RELATED TO A POSSIBLE OR ACTUAL CONFLICT OF INTEREST SITUATION, THE INTERESTED PERSON SHALL NOT BE PRESENT DURING BOARD DISCUSSION, DELIBERATION, AND DECISION-MAKING OF EITHER 1) DETERMINATION AS TO WHETHER THERE IS A CONFLICT OF INTEREST, OR 2) RESOLUTION OF THE ISSUE INVOLVING A DETERMINED CONFLICT OF INTEREST. IN A CONFLICT OF INTEREST SITUATION, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER WITH REASONABLE EFFORTS THERE IS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, AND, IF NOT POSSIBLE, THEN SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS IN AEON'S BEST INTEREST, FOR ITS OWN ORGANIZATIONAL BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. NON-DISCLOSURE OF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST SHALL RESULT IN DISCIPLINARY ACTION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE LANDING APARTMENTS DOES NOT HAVE ANY PAID EMPLOYEES. HOWEVER, IF THE LANDING APARTMENTS DID HAVE PAID EMPLOYEES THEY WOULD FOLLOW THE POLICIES OF AEON, THE TAX-EXEMPT CONTROLLING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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