Civic Intelligence

Vacker Place

990 • Fiscal year 2016 • EIN 47-1758705

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 15, 2017

22851 Minnesota Highway 15Dassel, MN 55325

(320) 275-4611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.32x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.3%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$75,824

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-37%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-7.3%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$391,140

Down $229,419 (-37%) from 2015

Net Assets

Down

$266,468

Down $157,895 (-37%) from 2015

Liabilities

Down

$124,672

Down $71,524 (-36%) from 2015

Revenue

Down

$2,172,537

Down $171,923 (-7.3%) from 2015

Expenses

Up

$2,330,432

Up $103,036 (+4.6%) from 2015

Net Income

Down

-$157,895

Down $274,959 (-235%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$391,140
Liabilities$124,672
Net Assets$266,468

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$2,172,537
Expenses$2,330,432
Net Income-$157,895
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,172,537
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$152,707$116,484▼ $36,223
Cash and Non-Interest-Bearing Accounts$239,943$70,019▼ $169,924
Accounts Receivable$65,219$69,432▲ $4,213
Prepaid Expenses and Deferred Charges$20,840$9,355▼ $11,485
Total Assets$620,559$391,140▼ $229,419
Other Assets Total$141,850$125,850▼ $16,000
Liabilities
Accounts Payable and Accrued Expenses$125,263$102,777▼ $22,486
Deferred Revenue$26,705--
Mortgage Notes Payable Secured by Investment Property$44,228$21,895▼ $22,333
Total Liabilities$196,196$124,672▼ $71,524
Net Assets / Fund Balance
Unrestricted Net Assets$372,638$255,116▼ $117,522
Temporarily Rstr Net Assets$51,725$11,352▼ $40,373
Total Net Assets Fund Balance$424,363$266,468▼ $157,895
Total Liabilities and Net Assets / Fund Balance$620,559$391,140▼ $229,419

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$116,484$64,687$181,171
Other Assets Org$125,850--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle OlsonAdministratoFT$75,824$75,824

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$65,373
Program Service Revenue
$2,107,164
Investment Income
$0
Other Revenue
$0
All Other Contributions
$65,373
Change in Net Assets
$-157,895

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,172,537
Total Revenue per Audited Statements
$2,172,537
Total Revenue per Form 990
$2,172,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,727,339
Other Expenses$603,093
Total Fundraising Expense$84,872
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,163,226$176,860$39,511$1,379,597
Occupancy$181,275$20,599$4,120$205,994
Other Employee Benefits$120,908$21,896$5,574$148,378
Payroll Taxes$100,669$18,230$4,641$123,540
Current Officers, Directors, Trustees, and Key Employees$22,747$37,912$15,165$75,824
Fees for Services Accounting-$52,789-$52,789
Insurance$34,142$3,035$759$37,936
Depreciation Depletion$32,601$2,898$724$36,223
Fees for Services Other$15,927$12,650-$28,577
Office Expenses$16,766$10,950$859$28,575
Advertising--$12,264$12,264
All Other Expenses$6,185$4,948-$11,133
Other Expenses$8,296$1,158$192$9,646
Travel$5,721$881$312$6,914
Conferences and Meetings$2,829$2,829-$5,658
Interest-$2,526-$2,526
Fees for Services Legal-$618-$618
Total Functional Expenses$1,855,025$390,535$84,872$2,330,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,330,432
Total Expenses per Audited Statements$2,330,432
Total Expenses per Form 990$2,330,432
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/treasurer
Phone
3202754611
Signed
2017-06-15
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
94
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

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. 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, 2016. Tax returns since the date of inception of september 4, 2014 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. 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. 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/OtherExpensesGrp/ProgramServicesAmt0110676
IRS990/OtherExpensesGrp/ProgramServicesAmt133057
IRS990/OtherExpensesGrp/ProgramServicesAmt28296
IRS990/OtherExpensesGrp/TotalAmt0110676
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IRS990/OtherExpensesGrp/TotalAmt216000
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IRS990/PrincipalOfficerNm0DIANA ANDERSON
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IRS990/PYSalariesCompEmpBnftPaidAmt01628762
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt039000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0105000
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02107164
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02923665
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01170679
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01191384
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt029052
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02391115
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05118540
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064687
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0181171
IRS990ScheduleD/RevenueSubtotalAmt02172537
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, 2016. TAX RETURNS SINCE THE DATE OF INCEPTION OF SEPTEMBER 4, 2014 REMAIN OPEN FOR EXAMINATION BY TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0116484
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0125850
IRS990ScheduleD/TotalExpensesPerForm990Amt02330432
IRS990ScheduleD/TotalRevenuePerForm990Amt02172537
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02330432
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IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1DEMENTIA, 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. 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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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt022851 MINNESOTA HIGHWAY 15

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