Civic Intelligence

Vacker Place

EIN 47-1758705 • 501(c)3 • Dassel, MN

Profile

Dementia care tailored to meet individual needs in a homelike setting, using an established philosophy that allows the individual to be the center of the care process to meet the emotional, spiritual and changing health needs for each person, helping them live to the fullest extent possible.

22851 Minnesota Highway 15Dassel, MN 55325

lakeviewranch.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.33x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

30th percentile

-4.4%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

25th percentile

-6.7%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Assets

Down

$266,047

Down $125,093 (-32%) from 2016

Liabilities

Down

$88,762

Down $35,910 (-29%) from 2016

Net Assets

Down

$177,285

Down $89,183 (-33%) from 2016

Revenue

Down

$2,042,767

Down $129,770 (-6.0%) from 2016

Expenses

Down

$2,131,950

Down $198,482 (-8.5%) from 2016

Net Income

Up

-$89,183

Up $68,712 (+44%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2014: $443,385Liabilities 2014: $136,086Net Assets 2014: $307,2992014Assets 2015: $620,559Liabilities 2015: $196,196Net Assets 2015: $424,3632015Assets 2016: $391,140Liabilities 2016: $124,672Net Assets 2016: $266,4682016Assets 2017: $266,047Liabilities 2017: $88,762Net Assets 2017: $177,2852017

Highlighted filing

2017

Assets$266,047
Liabilities$88,762
Net Assets$177,285

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $604,743Expenses 2014: $297,444Net Income 2014: $307,2992014Revenue 2015: $2,344,460Expenses 2015: $2,227,396Net Income 2015: $117,0642015Revenue 2016: $2,172,537Expenses 2016: $2,330,432Net Income 2016: -$157,8952016Revenue 2017: $2,042,767Expenses 2017: $2,131,950Net Income 2017: -$89,1832017

Highlighted filing

2017

Revenue$2,042,767
Expenses$2,131,950
Net Income-$89,183

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.3
Gross Receipts
$2,042,767
Mission and Program Overview

Mission

Dementia care tailored to meet individual needs in a homelike setting, using an established philosophy that allows the individual to be the center of the care process to meet the emotional, spiritual and changing health needs for each person, helping them live to the fullest extent possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$116,484$84,042▼ $32,442
Accounts Receivable$69,432$77,384▲ $7,952
Prepaid Expenses and Deferred Charges$9,355$10,253▲ $898
Cash and Non-Interest-Bearing Accounts$70,019$8,518▼ $61,501
Total Assets$391,140$266,047▼ $125,093
Other Assets Total$125,850$85,850▼ $40,000
Liabilities
Accounts Payable and Accrued Expenses$102,777$88,762▼ $14,015
Mortgage Notes Payable Secured by Investment Property$21,895--
Total Liabilities$124,672$88,762▼ $35,910
Net Assets / Fund Balance
Unrestricted Net Assets$255,116$174,535▼ $80,581
Temporarily Rstr Net Assets$11,352$2,750▼ $8,602
Total Net Assets Fund Balance$266,468$177,285▼ $89,183
Total Liabilities and Net Assets / Fund Balance$391,140$266,047▼ $125,093

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$84,042$98,502$182,544
Other Assets Org$85,850--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle OlsonAdministratoFT$71,246$4,253$75,499

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$169,193
Program Service Revenue
$1,873,267
Investment Income
$0
Other Revenue
$307
All Other Contributions
$169,193
Change in Net Assets
$-89,183

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,042,767
Total Revenue per Audited Statements
$2,042,767
Total Revenue per Form 990
$2,042,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,543,063
Other Expenses$588,887
Total Fundraising Expense$59,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,033,180$164,082$23,173$1,220,435
Occupancy$169,062$19,212$3,842$192,116
Other Employee Benefits$115,803$20,045$3,305$139,153
Payroll Taxes$88,154$16,694$3,128$107,976
Current Officers, Directors, Trustees, and Key Employees$22,650$37,750$15,099$75,499
Fees for Services Accounting-$48,044-$48,044
Fees for Services Other$19,134$18,205-$37,339
Depreciation Depletion$33,109$2,943$736$36,788
Insurance$30,449$2,707$676$33,832
Office Expenses$14,939$8,606$459$24,004
All Other Expenses$7,637$5,377-$13,014
Other Expenses$7,537$1,052$175$8,764
Travel$6,745$1,053$334$8,132
Advertising--$7,760$7,760
Conferences and Meetings$2,103$2,103-$4,206
Interest-$834-$834
Fees for Services Legal-$138-$138
Total Functional Expenses$1,680,739$391,911$59,300$2,131,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,131,950
Total Expenses per Audited Statements$2,131,950
Total Expenses per Form 990$2,131,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have any committees which have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The organizations form 990 is provided to voting members for the governing body prior to filing with the irs. Officers and management of the organization, along with exempt organization tax counsel, have been involved in the preparation of the form 990 and have reviewed it throughout the process.

Form 990, Page 6, Part VI, Line 12C

The organization obtains annually any disclosures from governing members, officers and key employees. Management and officers review the disclosures and evaluate whether the interest could result in a conflict and then take the necessary steps to remediate any such conflicts.

Form 990, Page 6, Part VI, Line 15A

A market study of comparable roles is completed to determine compensation. This was last done by the predecessor employer under the guidance of a 501 (c)(3)'s oversight.

Form 990, Page 6, Part VI, Line 19

Documents that are publicly available are not provided by the organization except as required under federal tax laws.

Filing and Contact Details

Filer

Filer Name
Vacker Place
EIN
47-1758705
Phone
3202754611
Address
22851 MINNESOTA HIGHWAY 15, DASSEL, MN 55325
Doing Business As
Lakeview Ranch

Signing Officer

Name
Diana Anderson
Title
Director/president
Phone
3202754611
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Anderson
Formed
2014
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
85
Volunteers
40

Preparer

Firm
Sherry D Heffernan Ltd
Address
6650 HORSESHOE BEND DR, CORCORAN, MN 55340-9549
Preparer
Sherry D Heffernan Ltd
Phone
7632297129
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Dementia care tailored to meet individual needs in a homelike setting, using an established philosophy that allows the individual to be the center of the care process to meet the emotional, spiritual and changing health needs for each person, helping them live to the fullest extent possible.

Form 990, Page 2, Part III, Line 4A

Those served. It is a place that encourages freedom, decision-making and resident rights. We provide care, respect and engaging opportunities to each resident served. The darwin location provides services for up to 14 residents with dementia while the dassel location provides services for up to 18 residents. Lakeview ranch is an alternative style of care for people with dementia, focusing on the person's emotional, spiritual and changing health needs. The model allows for a high staff to patient ratio which allows the persons with dementia to maintain dignity and engagement in their lives. The model also includes highly trained direct care workers, registered and licensed practical nurse coverage for individualized care plans and coordination of care directly with the physicians. In 2017, lakeview cared for 36 people living with dementia, which totaled 8,997 resident days. Lakeview ranch believes in aging in place - regardless of ability to pay. Aging in place allows the resident to live comfortably in one place until the end-of-life. Our full time activities staff help to fill each day with engaging and meaningful activities adding to the quality of life and sense of community at the ranch.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has evaluated its potential exposure for uncertain tax positions and management has expressed there are no uncertain tax positions as of december 31, 2017. Tax returns for the past three years remain open for examination by tax jurisdictions.

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IRS990/Desc0LAKEVIEW RANCH, A VACKER PLACE RESIDENCE, A NON-PROFIT 501(C)3 CARE PROVIDER IS DEDICATED TO PROVIDING QUALITY OF LIFE AND PEACE OF MIND TO RESIDENTS, FAMILIES, AND STAFF. LAKEVIEW RANCH WAS FOUNDED IN 1999 AND ITS FACILITIES AND RESIDENTS WERE PROCURED BY VACKER PLACE IN MID-NOVEMBER 2014, A MINNESOTA NONPROFIT CORPORATION WITH EXEMPTION ESTABLISHED IN 2014 SPECIFICALLY TO CONTINUE OPERATIONS. LAKEVIEW RANCH HAS 2 HOME-LIKE COMMUNITIES LOCATED IN DARWIN AND DASSEL, MINNESOTA WHICH PROVIDE HOUSING, HEALTHCARE AND ENGAGING ACTIVITIES TO SENIORS AND THE PEOPLE THAT SUPPORT THEM. WE BELIEVE THAT DEMENTIA DOES NOT DEFINE THE PERSON AND HAVE CREATED A COMMUNITY TO ENHANCE THE LIVES OF THOSE SERVED. IT IS A PLACE THAT ENCOURAGES FREEDOM, DECISION-MAKING AND RESIDENT RIGHTS. WE PROVIDE CARE, RESPECT AND ENGAGING OPPORTUNITIES TO EACH RESIDENT SERVED. THE DARWIN LOCATION PROVIDES SERVICES FOR UP TO 14 RESIDENTS WITH DEMENTIA WHILE THE DASSEL LOCATION PROVIDES SERVICES FOR UP TO 18 RESIDENTS. LAKEVIEW RANCH IS AN ALTERNATIVE STYLE OF CARE FOR PEOPLE WITH DEMENTIA, FOCUSING ON THE PERSON'S EMOTIONAL, SPIRITUAL AND CHANGING HEALTH NEEDS. THE MODEL ALLOWS FOR A HIGH STAFF TO PATIENT RATIO WHICH ALLOWS THE PERSONS WITH DEMENTIA TO MAINTAIN DIGNITY AND ENGAGEMENT IN THEIR LIVES. THE MODEL ALSO INCLUDES HIGHLY TRAINED DIRECT CARE WORKERS, REGISTERED AND LICENSED PRACTICAL NURSE COVERAGE FOR INDIVIDUALIZED CARE PLANS AND COORDINATION OF CARE DIRECTLY WITH THE PHYSICIANS. IN 2017, LAKEVIEW CARED FOR 36 PEOPLE LIVING WITH DEMENTIA, WHICH TOTALED 8,997 RESIDENT DAYS. LAKEVIEW RANCH BELIEVES IN AGING IN PLACE - REGARDLESS OF ABILITY TO PAY. AGING IN PLACE ALLOWS THE RESIDENT TO LIVE COMFORTABLY IN ONE PLACE UNTIL THE END-OF-LIFE. OUR FULL TIME ACTIVITIES STAFF HELP TO FILL EACH DAY WITH ENGAGING AND MEANINGFUL ACTIVITIES ADDING TO THE QUALITY OF LIFE AND SENSE OF COMMUNITY AT THE RANCH.
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0153655
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GOODWILL
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ITS POTENTIAL EXPOSURE FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS EXPRESSED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017. TAX RETURNS FOR THE PAST THREE YEARS REMAIN OPEN FOR EXAMINATION BY TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt085850
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEMENTIA CARE TAILORED TO MEET INDIVIDUAL NEEDS IN A HOMELIKE SETTING, USING AN ESTABLISHED PHILOSOPHY THAT ALLOWS THE INDIVIDUAL TO BE THE CENTER OF THE CARE PROCESS TO MEET THE EMOTIONAL, SPIRITUAL AND CHANGING HEALTH NEEDS FOR EACH PERSON, HELPING THEM LIVE TO THE FULLEST EXTENT POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THOSE SERVED. IT IS A PLACE THAT ENCOURAGES FREEDOM, DECISION-MAKING AND RESIDENT RIGHTS. WE PROVIDE CARE, RESPECT AND ENGAGING OPPORTUNITIES TO EACH RESIDENT SERVED. THE DARWIN LOCATION PROVIDES SERVICES FOR UP TO 14 RESIDENTS WITH DEMENTIA WHILE THE DASSEL LOCATION PROVIDES SERVICES FOR UP TO 18 RESIDENTS. LAKEVIEW RANCH IS AN ALTERNATIVE STYLE OF CARE FOR PEOPLE WITH DEMENTIA, FOCUSING ON THE PERSON'S EMOTIONAL, SPIRITUAL AND CHANGING HEALTH NEEDS. THE MODEL ALLOWS FOR A HIGH STAFF TO PATIENT RATIO WHICH ALLOWS THE PERSONS WITH DEMENTIA TO MAINTAIN DIGNITY AND ENGAGEMENT IN THEIR LIVES. THE MODEL ALSO INCLUDES HIGHLY TRAINED DIRECT CARE WORKERS, REGISTERED AND LICENSED PRACTICAL NURSE COVERAGE FOR INDIVIDUALIZED CARE PLANS AND COORDINATION OF CARE DIRECTLY WITH THE PHYSICIANS. IN 2017, LAKEVIEW CARED FOR 36 PEOPLE LIVING WITH DEMENTIA, WHICH TOTALED 8,997 RESIDENT DAYS. LAKEVIEW RANCH BELIEVES IN AGING IN PLACE - REGARDLESS OF ABILITY TO PAY. AGING IN PLACE ALLOWS THE RESIDENT TO LIVE COMFORTABLY IN ONE PLACE UNTIL THE END-OF-LIFE. OUR FULL TIME ACTIVITIES STAFF HELP TO FILL EACH DAY WITH ENGAGING AND MEANINGFUL ACTIVITIES ADDING TO THE QUALITY OF LIFE AND SENSE OF COMMUNITY AT THE RANCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WHICH HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS FORM 990 IS PROVIDED TO VOTING MEMBERS FOR THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. OFFICERS AND MANAGEMENT OF THE ORGANIZATION, ALONG WITH EXEMPT ORGANIZATION TAX COUNSEL, HAVE BEEN INVOLVED IN THE PREPARATION OF THE FORM 990 AND HAVE REVIEWED IT THROUGHOUT THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION OBTAINS ANNUALLY ANY DISCLOSURES FROM GOVERNING MEMBERS, OFFICERS AND KEY EMPLOYEES. MANAGEMENT AND OFFICERS REVIEW THE DISCLOSURES AND EVALUATE WHETHER THE INTEREST COULD RESULT IN A CONFLICT AND THEN TAKE THE NECESSARY STEPS TO REMEDIATE ANY SUCH CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A MARKET STUDY OF COMPARABLE ROLES IS COMPLETED TO DETERMINE COMPENSATION. THIS WAS LAST DONE BY THE PREDECESSOR EMPLOYER UNDER THE GUIDANCE OF A 501 (C)(3)'S OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS THAT ARE PUBLICLY AVAILABLE ARE NOT PROVIDED BY THE ORGANIZATION EXCEPT AS REQUIRED UNDER FEDERAL TAX LAWS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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