Nonprofit · EIN 51-0168908
WEST BANK CDC INC
Tax-exempt · MINNEAPOLIS, MN 55454
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $193,336 | $419,944 | -$226,608 | $1,951,567 | $18,943 | $1,932,624 |
| June 30, 2024 | 990 | $841,990 | $376,051 | $465,939 | $2,174,676 | $15,444 | $2,159,232 |
| June 30, 2023 | 990 | $341,695 | $352,968 | -$11,273 | $1,676,137 | $28,082 | $1,648,055 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $188,817
- Investment income
- $4,019
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,769
- Other salaries and wages
- $65,790
- Salaries, compensation and benefits (total)
- $204,720
- Professional fundraising fees
- $0
- Occupancy
- $15,448
- Program services (functional)
- $346,358
- Management and general (functional)
- $72,066
- Fundraising (functional)
- $1,520
Balance sheet and other
- Total assets, start of year
- $2,174,676
- Total assets, end of year
- $1,951,567
- Total liabilities, end of year
- $18,943
- Net assets, end of year
- $1,932,624
- Net assets without donor restrictions
- $1,932,624
- Gross receipts
- $193,336
- Employees
- 2
- Volunteers
- 50
- Year formed
- 1975
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID HOFFMAN-DACHELET | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $117,085 | $4,684 |
| KEN PRESLAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SWANSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAURA SILVER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NIIOBLITE HARPER | ASSISTANT VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD SHEEHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUNA DALMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FINTAN MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEB WOLKING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT TEMPLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID HOFFMAN-DACHELET | ASSET MANAGER Highest-paid employee | 40 | $111,442 | $4,458 |
| TIM MUNGAVAN | EXECUTIVE DIRECTOR Officer | 40 | $55,237 | $2,209 |
| KEN PRESLAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SWANSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAURA SILVER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NIIOBLITE HARPER | ASSISTANT VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD SHEEHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUNA DALMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM MUNGAVAN | EXECUTIVE DIRECTOR Officer | 40 | $53,562 | $2,143 |
| KEN PRESLAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SWANSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAURA SILVER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NIIOBLITE HARPER | ASSISTANT VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD SHEEHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUNA DALMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1808 RIVERSIDE AVE STE 201, MINNEAPOLIS, MN 55454-1121
- Principal officer (990 for 2024)
- DAVID HOFFMAN-DACHELET, 1808 RIVERSIDE AVENUE SOUTH 201, MINNEAPOLIS, MN 554541121
- Signed the 990
- DAVID HOFFMAN-DACHELET, EXECUTIVE DIRECTOR
- Phone
- (612) 673-0478
- Website
- WBCDC.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
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.
Program accomplishments
- 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.Expenses $346,358 · revenue $188,817
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0168908
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,951,567
- Income (IRS master file)
- $193,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $193,336 | $419,944 | $1,951,567 | XML |
| 990 | June 2024 | $841,990 | $376,051 | $2,174,676 | XML |
| 990 | June 2023 | $341,695 | $352,968 | $1,676,137 | XML |
| 990 | June 2022 | $458,586 | $384,596 | $1,651,244 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0168908).
Questions about WEST BANK CDC INC
- What is the EIN of WEST BANK CDC INC?
- The employer identification number (EIN) of WEST BANK CDC INC is 51-0168908.
- Is WEST BANK CDC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to WEST BANK CDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEST BANK CDC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WEST BANK CDC INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEST BANK CDC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WEST BANK CDC INC?
- The 990 for the year ended June 30, 2025 names DAVID HOFFMAN-DACHELET.
- Who are the officers and directors of WEST BANK CDC INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $117,085 (DAVID HOFFMAN-DACHELET, EXECUTIVE DIRECTOR).
- How much revenue does WEST BANK CDC INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $193,336, expenses of $419,944 and total assets of $1,951,567 at year end.
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