Vista Prairie Communities

What it reported doing in 2024

In FY2025, VPC served over 1,000 residents and employed a staff of over 750. The organization owned ten senior living communities, offering independent living, assisted living, care suites, and memory care across three states: Minnesota, Iowa and Wisconsin. VPC owns and directly manages all of the location.(Continued on Schedule O)VPC was incorporated in 1997 as a nonprofit organization for charitable purposes under its original name Governmental & Educational Assistance Corporation. In 2025, VPC provided over $4.4 million in charitable support to qualifying residents in various public assistance programs. VPC is dedicated to the highest possible quality, striving to provide innovative and relevant services through collaborative partnerships; making a significant difference in the lives of those we serve and their loved ones. For more information, visit www.vistaprairie.org. The Vision of Vista Prairie Communities is to continually evolve to enrich the lives of those we are called to serve and to meet the growing needs of the greater community. * Vista Prairie at Brentwood (Rice Lake, WI) 47 unit assisted living and memory care.* Vista Prairie at Copperleaf (Willmar, MN) 86 unit assisted living, memory care and care suites community. * Vista Prairie at Fieldcrest (Sheldon, IA) 81 unit assisted living and memory care.* Vista Prairie at Garnette Gardens (Redwood Falls, MN) 87 unit assisted living and memory care community. * Vista Prairie at Goldfinch Estates (Fairmont, MN) 133 unit assisted living, memory care and care suites community. * Vista Prairie at North Pointe (North Mankato, MN) 100 unit assisted living and care suites community. * Vista Prairie at Red Cedar Canyon (Hudson, WI) 68 unit independent living, assisted living and memory care community. * Vista Prairie at Ridgeway (New Ulm, MM) 61 unit and 55 unit assisted living and memory care communities.* Vista Prairie at Windmill Ponds (Alexandria, MN) 91 unit assisted living, memory care and care suites community. We are pleased to report progress in the following key areas. Financial Stewardship Through strategic occupancy growth and cost management, VPC exceeded its budgeted operating margin. This financial strength supports reinvestment in care delivery, staff support and mission-driven programming.Expansion and Community Growth VPC advanced development of Vista Prairie at Eagle Pointe, a 134-unit senior living community in St. Francis, Minnesota. Construction was underway on the planned unit mix, including independent living, assisted living, memory care, and care suites with an anticipated opening in November 2025. This project positions VPC to meet growing community needs and expand access to exceptional care in joy-filled environments.Strategic Acquisition VPC acquired Vista Prairie at Red Cedar Canyon in Hudson, Wisconsin, a 91-unit senior living community serving older adults in the St. Croix Valley region. This acquisition expands VPC's service footprint and strengthens its mission to serve more individuals with compassionate, high-quality care in purpose-driven communities.Advancing Resident Well-being Through Innovation VPC continued implementation of CarePredict technology, a cutting-edge AI-based care platform that has improved resident health outcomes by reducing hospitalizations and falls. This initiative reinforces VPC's focus on proactive, data-informed care practices.Future Stability and Enhancements VPC invested more than $720,000 in capital improvements at Goldfinch Estates, completing renovations aligned with the Aspire Lifestyle. These investments improved the physical environment, supported staff efficiency, and extended the useful life of the assets.Strategic Portfolio Alignment -- During the year, VPC completed the sale of Emerald Village as part of a strategic effort to better align its portfolio with organizational mission and operational focus. VPC was not responsible for the day-to-day management of the community, and divestment allowed th

Financial Efficiency

• Mission deployment rate: 78.7%; rating input score 79
• Program expense ratio: 85.4%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8%; rating input score 67; 67th percentile among comparable filings
• Total-asset coverage ratio: 1.99; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.89; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 4.7%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 0.3% per year; rating input score 100; 6th percentile among comparable filings
• Asset growth: -2.6% per year; rating input score 0; 4th percentile among comparable filings