2024-01-27T11:42:16-06:00 2023-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2022-07-01 510168908 WEST BANK COMMUNITY DEVELOPMENT CORPORATION WEST 6126730478 1808 RIVERSIDE AVENUE SOUTH 201 MINNEAPOLIS MN 554541121 TIM MUNGAVAN EXECUTIVE DIRECTOR 6126730478 2024-01-23 1 TIM MUNGAVAN 999009999 0 MARC A KOTSONAS P00544551 6512276695 2024-01-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIM MUNGAVAN 1808 RIVERSIDE AVENUE SOUTH 201 MINNEAPOLIS MN 554541121 341695 0 X WBCDC.ORG X 1975 MN THROUGH THE OWNERSHIP OF VARIOUS ASSETS, THE ORGANIZATION IMPROVES THE QUALITY OF LIFE OF RESIDENTS BY MAINTAINING AND PRESERVING AFFORDABLE HOUSING STOCK AND COMMERCIAL BUILDINGS, GIVING RESIDENTS A VOICE IN THE DECISION MAKING PROCESS RELATED TO THOSE ASSETS, AND PROVIDING INSTITUTIONAL EXPERTISE ON A WIDE-VARIETY OF DEVELOPMENT TOPICS AFFECTING THE CEDAR-RIVERSIDE AREA. 11 11 2 50 0 0 111373 1680 347099 339647 114 368 0 0 458586 341695 0 0 0 0 177390 174441 0 0 1447 207206 178527 384596 352968 73990 -11273 1651244 1676137 35836 28082 1615408 1648055 X THROUGH THE OWNERSHIP OF VARIOUS ASSETS, THE ORGANIZATION IMPROVES THE QUALITY OF LIFE OF RESIDENTS BY MAINTAINING AND PRESERVING AFFORDABLE HOUSING STOCK AND COMMERCIAL BUILDINGS, GIVING RESIDENTS A VOICE IN THE DECISION MAKING PROCESS RELATED TO THOSE ASSETS, AND PROVIDING INSTITUTIONAL EXPERTISE ON A WIDE VARIETY OF DEVELOPMENT TOPICS AFFECTING THE CEDAR-RIVERSIDE AREA. 0 0 282854 339647 THE WEST BANK CDC, INC IS A COMMUNITY-DIRECTED ORGANIZATION RESPONSIBLE FOR COMMUNITY BUILDING AND ASSET MANAGEMENT DECISIONS ON BEHALF OF THE RESIDENTS OF THE CEDAR RIVERSIDE NEIGHBORHOOD. THE WBCDC HAS RESPONSIBILITY FOR A VARIETY OF AFFORDABLE HOUSING PROJECTS, COMMERCIAL BUILDINGS, AND RESIDENT/PROPERTY OWNER PUDS WITHIN THE CEDAR-RIVERSIDE NEIGHBORHOOD OF MINNEAPOLIS. 282854 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 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 1 0 0 0 1 2 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X TIM MUNGAVAN 6126730478 1808 RIVERSIDE AVENUE 201 MINNEAPOLIS MN 554541121 KEN PRESLAN PRESIDENT 1.00 1.00 X X 0 0 0 DAVID SWANSON VICE PRESIDENT 1.00 1.00 X X 0 0 0 LAURA SILVER TREASURER 1.00 1.00 X X 0 0 0 NIIOBLITE HARPER ASSISTANT VICE PRESIDENT 1.00 1.00 X X 0 0 0 EDWARD SHEEHY DIRECTOR 1.00 X 0 0 0 MUNA DALMAR DIRECTOR 1.00 X 0 0 0 TIM MUNGAVAN EXECUTIVE DIRECTOR 40.00 1.00 X 53562 0 2143 53562 0 2143 0 0 0 0 0 1680 1680 DEVELOPMENT & MGMT FEE 531390 339647 339647 339647 368 368 341695 339647 0 368 56755 41998 14189 568 100049 74547 25012 490 4973 3704 1243 26 12664 9413 3166 85 41020 30490 10530 11298 8693 2537 68 9141 6795 2285 61 16164 12015 4149 1912 1421 478 13 COMMUNITY OUTREACH 46225 46225 COMMUNITY EVENT SUPPLIE 30713 30713 SECURITY 19547 14529 4887 131 PROJECT EXPENSES 1742 1742 765 569 191 5 352968 282854 68667 1447 131360 131120 498388 388715 1547 139953 3231 3231 43217 43217 0 0 1016718 1013118 1651244 1676137 26146 18392 9690 9690 35836 28082 X 1581408 1648055 34000 0 1615408 1648055 1651244 1676137 X -11273 43920 X X 0 1 X 1 0 X 2008 72060 121000 111373 1680 308121 1088665 344317 382212 347099 339647 2501940 1090673 416377 503212 458472 341327 2810061 0 0 0 2810061 27947 855 231 114 368 29515 27947 855 231 114 368 29515 1118620 417232 503443 458586 341695 2839576 0.98960 0.96940 0.01040 0.03060 X 19453 19453 0 23764 23764 0 0 INVESTMENT IN SUBSIDIARY 955171 C DUE FROM AFFILIATED ENTITIES 57947 C 1013118 UPPER SUMMIT ESCROW 9690 9690 X PART X, LINE 2: MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO AUDIT BY FEDERAL AND STATE TAX AUTHORITIES FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. FORM 990, PART VI, SECTION A, LINE 2 SEVERAL OF THE DIRECTORS ARE ALSO DIRECTORS OF THESE AFFILIATED ENTITIES: WEST BANK COMMUNITY DEVELOPMENT CORPORATION, MUTUAL MANAGEMENT COMPANY, AND WEST BANK COMMUNITY HOUSING CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS REVIEWED BY THE BOARD BEFORE FINALIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE DISCLOSURES ARE REVIEWED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. COMPENSATION IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS ARE SIMILARLY SITUATED ORGANIZATIONS (MINNESOTA COUNCIL OF NONPROFTS SALARY AND BENEFITS SURVEY). THE COMPENSATION FOR ALL OTHER EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, EXECUTIVE COMMITTEE, AND THE BOARD OF DIRECTORS. COMPENSATION IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (MINNESOTA COUNCIL OF NONPROFITS SALARY AND BENEFITS SURVEY). FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE AND THE 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND WBCDC.ORG. FORM 990, PART XI, LINE 9: TRANSFER FROM WBCDC TO WBCHC 43,920. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. WEST BANK COMMUNITY HOUSING CORPORATION 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 411464428 AFFORDABLE HOUSING MN 501(C)3 LINE 9 N/A 0 SEVEN CORNERS COMMUNITY HOUSING 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 411464430 AFFORDABLE HOUSING MN 501(C)3 LINE 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0