Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
990 • Fiscal year 2011 • EIN 20-4361698
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Up$3,923,170
Up $1,596,706 (+69%) from 2010
Net Assets
Up$1,708,956
Up $1,083,191 (+173%) from 2010
Liabilities
Up$2,214,214
Up $513,515 (+30%) from 2010
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$384,122
Up $129,649 (+51%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Place is a national nonprofit organization that helps communities create state-of-the-art buildings and more, entire neighborhoods that bring together the arts, environmentalism and social justice.
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReview | 0 | 0 |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 619670 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 581109 |
| IRS990/AccountsReceivable/EOY | 0 | 35058 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 100 PORTLAND AVENUE SOUTH NO 100 |
| IRS990/AddressPrincipalOfficerUS/City | 0 | MINNEAPOLIS |
| IRS990/AddressPrincipalOfficerUS/State | 0 | MN |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 55401 |
| IRS990/Advertising/ProgramServices | 0 | 2967 |
| IRS990/Advertising/Total | 0 | 2967 |
| IRS990/AllOtherContributions | 0 | 7411 |
| IRS990/AmendedReturn | 0 | X |
| IRS990/AnnualDisclosureCoveredPersons | 0 | 1 |
| IRS990/AuditCommittee | 0 | 0 |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
| IRS990/BenefitsPaidToMembersPriorYear | 0 | 0 |
| IRS990/BsnssRltnshpThruFamilyMember | 0 | 0 |
| IRS990/BsnssRltnshpWithOrganization | 0 | 0 |
| IRS990/ChangesToOrganizingDocs | 0 | 0 |
| IRS990/CollectionsOfArt | 0 | 0 |
| IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral | 0 | 30181 |
| IRS990/CompCurrentOfficersDirectors/ProgramServices | 0 | 104457 |
| IRS990/CompCurrentOfficersDirectors/Total | 0 | 134638 |
| IRS990/CompensationFromOtherSources | 0 | 0 |
| IRS990/CompensationProcessCEO | 0 | 1 |
| IRS990/CompensationProcessOther | 0 | 0 |
| IRS990/ComplianceWithBackupWitholding | 0 | 1 |
| IRS990/ConferencesMeetings/ManagementAndGeneral | 0 | 676 |
| IRS990/ConferencesMeetings/ProgramServices | 0 | 2339 |
| IRS990/ConferencesMeetings/Total | 0 | 3015 |
| IRS990/ConflictOfInterestPolicy | 0 | 1 |
| IRS990/ConservationEasements | 0 | 0 |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | 1 |
| IRS990/ContributionsGrantsCurrentYear | 0 | 7411 |
| IRS990/ContributionsGrantsPriorYear | 0 | 131351 |
| IRS990/CreditCounseling | 0 | 0 |
| IRS990/DecisionsSubjectToApproval | 0 | 0 |
| IRS990/DeductibleContributionsOfArt | 0 | 0 |
| IRS990/DeductibleNonCashContributions | 0 | 0 |
| IRS990/DelegationOfManagementDuties | 0 | 0 |
| IRS990/DepreciationDepletion/ManagementAndGeneral | 0 | 594 |
| IRS990/DepreciationDepletion/ProgramServices | 0 | 2056 |
| IRS990/DepreciationDepletion/Total | 0 | 2650 |
| IRS990/DescribedIn501C3 | 0 | 1 |
| IRS990/Description | 0 | PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS LIFE CHALLENGES, NONPROFIT ORGANIZATIONS, AND CREATIVE BUSINESSES. WITH PLACE'S GUIDANCE, THESE NEIGHBORHOODS WILL BE CREATED WITH VIGOROUS PUBLIC DIALOG, BUILT TO THE HIGHEST ENVIRONMENTAL STANDARDS, AND FILLED WITH PEOPLE FROM ALL BACKGROUNDS AND ECONOMIC CIRCUMSTANCES. THE PLACE TEAM ASSISTS ITS COMMUNITIES WITH EVERY ASPECT OF THE PROJECT FROM VISIONING TO PLANNING, FROM DESIGN TO FUNDING, FROM CONSTRUCTION TO SERVICE COORDINATION AND PROJECT MAINTENANCE. WITHIN ITS CHARITABLE MISSION PLACE FOCUSES ON SEVERAL AREAS: LINKING, ART, COMMUNITY, AND ENVIRONMENT. 1) LINKING PEOPLE, NEEDS AND OPPORTUNITIES, DELIVERING A SATISFYING COMMUNITY DEVELOPMENT PROCESS, NOT JUST A PRODUCT. 2) MAKING THE ARTS ACCESSIBLE TO PEOPLE OF ALL INCOMES. 3) BUILDING FLOURISHING COMMUNITIES BY MIXING ETHNICITY, INCOME, AND ACTIVITY. 4) INNOVATING SO THAT INSPIRING PLACES WILL BE GREEN AS WELL AS EXCITING, AFFORDABLE, AND DURABLE. IN 2011, PLACE CONTINUED RESEARCH AND DEVELOPMENT TO CREATE REPLICABLE MODELS TO IMPROVE COMMUNITIES IN KEEPING WITH PLACE'S MISSION. PLACE WAS INVITED TO SPEAK AT AND PARTICIPATE IN THE AMERICAN ARCHITECTURAL FOUNDATION'S SUSTAINABLE CITIES DESIGN ACADEMY.ZERO WASTE AND E-GENERATION COMMUNITY MODELS:PLACE CONTINUED TO WORK WITH ENGINEERS, CITY OFFICIALS, AND COMMUNITIES TO DEVELOP AN URBAN-BUILDING-SCALE WASTE-TO-ENERGY PHYSICAL PLANT AND ECONOMIC MODEL THAT WOULD CONVERT MORE WASTE THAN A PLACE COMMUNITY MAKES TO MORE ENERGY THAN THAT PLACE COMMUNITY NEEDS, GOING BEYOND ZERO-ENERGY TO FEEDING THE SURROUNDING GRID. THERE ARE NOW PROOF OF CONCEPT MODELS IN OPERATION AROUND THE COUNTRY. PLANS ARE UNDERWAY TO INCLUDE THIS TECHNOLOGY IN PLACE'S PORTFOLIO OF GREEN ENERGY OPTIONS FOR ITS NEXT COMMUNITY.BEGINNING IN 2011, PLACE BECAME SUSTAINABILITY CHAMPION FOR A CHARITY THAT DEVELOPS, MANAGES, AND MAINTAINS HIGH-QUALITY LOW-INCOME HOUSING AND SUPPORTIVE HOUSING THROUGHOUT THE TWIN CITIES. PROVIDING THE EXTERNAL CAPACITY NEEDED BY OTHER CHARITY IN THE AREA OF ENVIRONMENTAL INNOVATION AND IMPLEMENTATION, PLACE IS ASSISTING IN CREATING THE FIRST ZERO-ENERGY MULTIFAMILY COMPLEX IN MINNESOTA, WHICH WILL BE AFFORDABLE TO ALL INCOME LEVELS.IN LATE 2011, PLACE WAS ALSO INVITED TO CONDUCT A SITE VISIT TO CONSIDER CREATING AN ARTS AND TECHNOLOGY COMPLEX FOR A UNIQUE SOUTHWESTERN CITY WHOSE DOWNTOWN IS VERY MUCH IN NEED A CATALYTIC REVITALIZATION PROJECT. THAT WORK HAS CONTINUED INTO 2012 WITH A COMMUNITY PROCESS AND THE CREATION OF A FULL-SCALE IMPLEMENTATION PLAN.WAV (WORKING ARTISTS VENTURA):PLACE'S WAV PROJECT INCLUDES 54 LIVE/WORK APARTMENTS SPECIALLY DESIGNED FOR LOW-INCOME ARTISTS AND 15 PERMANENT SUPPORTIVE HOUSING APARTMENTS FOR FORMERLY HOMELESS FAMILIES AND INDIVIDUALS. AS PART OF WAV, PLACE LAUNCHED ITS FIRST HAPPINESS STUDY TO TRACK THE WELL-BEING OF ITS RESIDENTS RELATIVE TO NONRESIDENTS FROM THE SURROUNDING AREA.THE DEVELOPMENT ALSO INCLUDES SMALL-BUSINESS RETAIL SPACE AND 13 SOLAR PENTHOUSES. IN ALL, WAV PROVIDES AFFORDABLE PERMANENT HOUSING TO MORE THAN 100 PEOPLE, AND WORKSPACE FOR AT LEAST 112 WORKING ARTISTS. PROJECT UNDERSTANDING, THE SUPPORTIVE SERVICES PROVIDER, HAS BEEN ON SITE PROVIDING SERVICES SINCE NOVEMBER 2009. THERE HAVE BEEN SEVERAL FAMILIES REUNIFIED AS A RESULT OF THE SUPPORTIVE HOUSING. AND AN UNEXPECTEDLY LARGE NUMBER OF HOMELESS CHILDREN (19) ARE NOW IN HEALTHY, GREEN HOMES. THE WAV'S GREEN FEATURES INCLUDE THE USE OF PHOTOVOLTAIC ENERGY, RECYCLED BUILDING MATERIALS, ENERGY EFFICIENT APPLIANCES, CAR SHARING, AND OTHER SUSTAINABLE DESIGN PRACTICES RELATED TO WATER AND ENERGY CONSERVATION. THE ENTIRE WAV PROJECT WAS BUILT TO LEED STANDARDS, AND WILL LIKELY RECEIVE A GOLD CERTIFICATION. WAV HAS ENHANCED VENTURA'S ARTS COMMUNITY BY PROVIDING FREE THEATER/GALLERY SPACE AND A VIBRANT COMMUNITY OF ARTISTS WHO PARTIC |
| IRS990/DisregardedEntity | 0 | 1 |
| IRS990/DocumentRetentionPolicy | 0 | 0 |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/ElectionOfBoardMembers | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiled | 0 | 1 |
| IRS990/ExcessBenefitTransaction | 0 | 0 |
| IRS990/Expense | 0 | 299593 |
| IRS990/FamilyOrBusinessRelationship | 0 | 1 |
| IRS990/FederalGrantAuditRequired | 0 | 0 |
| IRS990/FeesForServicesAccounting/ManagementAndGeneral | 0 | 30624 |
| IRS990/FeesForServicesAccounting/Total | 0 | 30624 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 255 |
| IRS990/FeesForServicesLegal/ProgramServices | 0 | 20629 |
| IRS990/FeesForServicesLegal/Total | 0 | 20884 |
| IRS990/FeesForServicesOther/ProgramServices | 0 | 17597 |
| IRS990/FeesForServicesOther/Total | 0 | 17597 |
| IRS990/FinancialStatementConsolidated | 0 | X |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | 0 |
| IRS990/ForeignFinancialAccount | 0 | 0 |
| IRS990/ForeignOffice | 0 | 0 |
| IRS990/Form8282PropertyDisposedOf | 0 | 0 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 60.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 5.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 5.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 10.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 6 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 7 | 2.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 1 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 6 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 7 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | CHRIS VELASCO PRESIDENTSECRETARY |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | GARTH ROCKCASTLE |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | JONATHAN PEARLSTEIN |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | ELIZABETH BOWLING |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | KRISTIN HANSON |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | LOREN HENNING |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | CHARLES L RAISON MD |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | ROMULO E SAMANIEGO |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/Officer | 2 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 3 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 4 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 5 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 6 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 0 | 98366 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 7 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 2 | TREASURER |
| IRS990/Form990PartVIISectionA/Title | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 7 | DIRECTOR |
| IRS990/Form990ProvidedToGoverningBody | 0 | 1 |
| IRS990/FormersListed | 0 | 0 |
| IRS990/FSAudited | 0 | 1 |
| IRS990/FundraisingActivities | 0 | 0 |
| IRS990/FundsToPayPremiums | 0 | 0 |
| IRS990/GainOrLoss/Other | 0 | -2448 |
| IRS990/Gaming | 0 | 0 |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 0 |
| IRS990/GrantsAndSimilarAmntsPriorYear | 0 | 0 |
| IRS990/GrantsToIndividuals | 0 | 0 |
| IRS990/GrantsToOrganizations | 0 | 0 |
| IRS990/GrantToRelatedPerson | 0 | 0 |
| IRS990/GrossAmountSalesAssets/Other | 0 | 3714 |
| IRS990/GrossReceipts | 0 | 797750 |
| IRS990/GroupReturnForAffiliates | 0 | 0 |
| IRS990/Hospital | 0 | 0 |
| IRS990/IndependentAuditFinancialStmt | 0 | 0 |
| IRS990/IndoorTanningServices | 0 | 0 |
| IRS990/InfoInScheduleOPartIII | 0 | X |
| IRS990/InfoInScheduleOPartIX | 0 | X |
| IRS990/InfoInScheduleOPartVI | 0 | X |
| IRS990/InfoInScheduleOPartXI | 0 | X |
| IRS990/Insurance/ManagementAndGeneral | 0 | 352 |
| IRS990/Insurance/ProgramServices | 0 | 1218 |
| IRS990/Insurance/Total | 0 | 1570 |
| IRS990/InvestmentIncomeCurrentYear | 0 | -2448 |
| IRS990/InvestmentIncomePriorYear | 0 | 268 |
| IRS990/InvestmentInJointVenture | 0 | 1 |
| IRS990/InvestmentsProgramRelated/BOY | 0 | 2319735 |
| IRS990/InvestmentsProgramRelated/EOY | 0 | 3773968 |
| IRS990/LandBldgEquipmentAccumDeprec | 0 | 5012 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 10640 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 5312 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 5628 |
| IRS990/LessCostOthBasisSalesExpenses/Other | 0 | 6162 |
| IRS990/LoansFromOfficersDirectors/BOY | 0 | 181029 |
| IRS990/LoansFromOfficersDirectors/EOY | 0 | 103105 |
| IRS990/LoanToOfficerOrDQP | 0 | 1 |
| IRS990/LobbyingActivities | 0 | 0 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 0 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 1 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE STATE-OF-THE-ART BUILDINGS AND MORE, ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 900000 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 1530000 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | CHRIS VELASCO |
| IRS990/NbrIndependentVotingMembers | 0 | 6 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 8 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 8 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 625765 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 1708956 |
| IRS990/NetGainOrLossInvestments/ExclusionAmount | 0 | -2448 |
| IRS990/NetGainOrLossInvestments/TotalRevenueColumn | 0 | -2448 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 11 |
| IRS990/NumberIndependentVotingMembers | 0 | 6 |
| IRS990/NumberIndividualsGT100K | 0 | 0 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 1 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 8241 |
| IRS990/Occupancy/Total | 0 | 8241 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 11070 |
| IRS990/OfficeExpenses/ProgramServices | 0 | 13603 |
| IRS990/OfficeExpenses/Total | 0 | 24673 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 1 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherExpensePriorYear | 0 | 110992 |
| IRS990/OtherExpensesCurrentYear | 0 | 239156 |
| IRS990/OtherExpenses/Description | 0 | WAV RETAIL LEASE |
| IRS990/OtherExpenses/Description | 1 | STATE REGISTRATIONS |
| IRS990/OtherExpenses/Description | 2 | CONCERT ART SERIES |
| IRS990/OtherExpenses/Description | 3 | THEATRE GALLERY |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 416 |
| IRS990/OtherExpenses/ProgramServices | 0 | 109649 |
| IRS990/OtherExpenses/ProgramServices | 1 | 1439 |
| IRS990/OtherExpenses/ProgramServices | 2 | 1706 |
| IRS990/OtherExpenses/ProgramServices | 3 | 534 |
| IRS990/OtherExpenses/Total | 0 | 109649 |
| IRS990/OtherExpenses/Total | 1 | 1855 |
| IRS990/OtherExpenses/Total | 2 | 1706 |
| IRS990/OtherExpenses/Total | 3 | 534 |
| IRS990/OtherRevenueCurrentYear | 0 | 455269 |
| IRS990/OtherRevenueMisc/BusinessCode | 0 | 900099 |
| IRS990/OtherRevenueMisc/Description | 0 | SETTLEMENT INCOME |
| IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome | 0 | 455269 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 0 | 455269 |
| IRS990/OtherRevenuePriorYear | 0 | 0 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 2065 |
| IRS990/PayrollTaxes/ProgramServices | 0 | 8263 |
| IRS990/PayrollTaxes/Total | 0 | 10328 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenue/BusinessCode | 0 | 531390 |
| IRS990/ProgramServiceRevenue/BusinessCode | 1 | 531390 |
| IRS990/ProgramServiceRevenueCY | 0 | 331356 |
| IRS990/ProgramServiceRevenue/Description | 0 | ADVISORY SERVICES |
| IRS990/ProgramServiceRevenue/Description | 1 | PROGRAM LOAN INTEREST |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 100660 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 180716 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 1 | 150640 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 180716 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 1 | 150640 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | 675725 |
| IRS990/ReconcilationRevenueExpenses | 0 | 407466 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 1 |
| IRS990/RelatedOrgControlledEntity | 0 | 1 |
| IRS990/ReportFin48Footnote | 0 | 1 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 0 |
| IRS990/ReportOtherLiabilities | 0 | 0 |
| IRS990/ReportProgRelInvest | 0 | 1 |
| IRS990/Revenue | 0 | 786625 |
| IRS990/RevenuesLessExpensesCY | 0 | 407466 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | -22194 |
| IRS990/SalariesEtcCurrentYear | 0 | 144966 |
| IRS990/SalariesEtcPriorYear | 0 | 143481 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 1417 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 108516 |
| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 58134 |
| IRS990ScheduleA/GeneralExplanation | 0 | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 7411 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 131351 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years | 0 | 367471 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years | 0 | 552407 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years | 0 | 530181 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 1588821 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 268 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years | 0 | 3 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years | 0 | 140 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years | 0 | 2242 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 2653 |
| IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc | 0 | 1146328 |
| IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years | 0 | 1808 |
| IRS990ScheduleA/OtherIncome170/Total | 0 | 1808 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.96070 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.96240 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 1530687 |
| IRS990ScheduleA/ThirtyThreePercntTestsCY170 | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 7411 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 131351 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years | 0 | 367471 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 552407 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 530181 |
| IRS990ScheduleA/Total170/Total | 0 | 1588821 |
| IRS990ScheduleA/TotalSupport | 0 | 1593282 |
| IRS990/ScheduleBRequired | 0 | 0 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 5628 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 5012 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 10640 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | 407466 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | 1083191 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 384122 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | PLACE IS A MINNESOTA NON-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2011. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND THREE PREVIOUS YEARS OF INCOME TAX RETURNS. PLACE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | RESTATEMENT OF PRIOR YEARS' NET ASSETS DUE TO CORRECTION OF WAV PROJECT SPONSOR LOAN RELATING TO MULTIPLE YEARS 675,725. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | PART XI, LINE 8 - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | PART X: |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 0 | 3773968 |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 0 | N/R & ACC. INT. - WAV APT |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 0 | C |
| IRS990ScheduleD/OtherAmount | 0 | 675725 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 791588 |
| IRS990ScheduleD/TotalAdjustments | 0 | 675725 |
| IRS990ScheduleD/TotalExpenses | 0 | 384122 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 384122 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 5628 |
| IRS990ScheduleD/TotalOfBookValueProgramRelated | 0 | 3773968 |
| IRS990ScheduleD/TotalRevenue | 0 | 791588 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 791588 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 384122 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 791588 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 0 | 19797 |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 0 | LEGAL/CONSULTING |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | ELIZABETH BOWLING |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 0 | BOARD OF DIRECTORS |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | 0 |
| IRS990ScheduleL/LoanTable/ApprovedByBoard | 0 | 0 |
| IRS990ScheduleL/LoanTable/ApprovedByBoard | 1 | 0 |
| IRS990ScheduleL/LoanTable/BalanceDue | 0 | 103105 |
| IRS990ScheduleL/LoanTable/BalanceDue | 1 | 0 |
| IRS990ScheduleL/LoanTable/Default | 0 | 0 |
| IRS990ScheduleL/LoanTable/Default | 1 | 0 |
| IRS990ScheduleL/LoanTable/LoanToOrganization | 0 | X |
| IRS990ScheduleL/LoanTable/LoanToOrganization | 1 | X |
| IRS990ScheduleL/LoanTable/NamePerson | 0 | ELIZABETH BOWLING |
| IRS990ScheduleL/LoanTable/NamePerson | 1 | CHRIS VELASCO |
| IRS990ScheduleL/LoanTable/OriginalPrincipalAmount | 0 | 66119 |
| IRS990ScheduleL/LoanTable/OriginalPrincipalAmount | 1 | 55641 |
| IRS990ScheduleL/LoanTable/PurposeOfLoan | 0 | OPERATING EXPENSES |
| IRS990ScheduleL/LoanTable/PurposeOfLoan | 1 | OPERATING EXPENSES |
| IRS990ScheduleL/LoanTable/WrittenAgreement | 0 | 0 |
| IRS990ScheduleL/LoanTable/WrittenAgreement | 1 | 0 |
| IRS990ScheduleL/TotalBalanceDue | 0 | 103105 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE 2011 FORM 990 FOR PLACE IS BEING AMENDED TO CORRECT THE FINANCIAL INFORMATION ON THE RETURN. THE ORGANIZATION'S CERTIFIED AUDIT HAD NOT BEEN COMPLETED WHEN THE ORIGINAL RETURN WAS FILED ON NOVEMBER 15, 2012. THE INFORMATION WHICH CHANGED FROM THE ORIGINAL RETURN TO REPORT THE ORGANIZATION'S AUDIT INCLUDES: FORM 990, PART I - CURRENT YEAR REVENUE AND EXPENSES FORM 990, PART VIII - STATEMENT OF REVENUE FORM 990, PART IX - STATEMENT OF FUNCTIONAL EXPENSES FORM 990, PART X - END OF YEAR BALANCE SHEET FORM 990, PART XI - RECONCILIATION OF NET ASSETS SCHEDULE D , PARTS XI, XII AND XIII - RECONCILIATION WITH AUDITED FINANCIAL STATEMENTS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | CHRIS VELASCO (PRESIDENT) AND ELIZABETH BOWLING (FOUNDING BOARD MEMBER) HAVE A FAMILY RELATIONSHIP. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | FORM 990 WILL BE REVIEWED IN DETAIL BY THE PRESIDENT AND TREASURER, AND WILL BE CIRCULATED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | FORMS ARE DISTRIBUTED AT THE ANNUAL MEETINGS AND ARE COLLECTED AT THAT TIME; IF FORMS HAVE NOT BEEN COMPLETED, THE PRESIDENT CIRCULATES REMINDERS AND COLLECTS THE OUTSTANDING FORMS |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE PROCESS FOR EXECUTIVE COMPENSATION REVIEW HAS NOT OCCURRED IN THREE YEARS DUE TO THE FINANCIAL POSITION OF THE ORGANIZATION. IN THE PAST, THE PRESIDENT/EXECUTIVE DIRECTOR MAKES A REQUEST AND PRESENTS DATA, HE AND ELIZABETH BOWLING RECUSE THEMSELVES FROM BOARD DISCUSSIONS, THE BOARD REVIEWS THE DATA AND CONDUCTS A PERFORMANCE REVIEW DISCUSSION AND INDEPENDENT INVESTIGATION OF COMPENSATION, MINUTES ARE PRESERVED AND THE BOARD THEN VOTES. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | COMPENSATION TO CURRENT OFFICERS INCLUDES ACCRUED WAGES OF $36,272 FOR CHRIS VELASCO, CHIEF EXECUTIVE OFFICER. TOTAL ACCRUED COMPENSATION INCLUDED IN ACCOUNTS PAYABLE AT THE END OF 2011 IS $364,159. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | RESTATEMENT OF PRIOR YEARS' NET ASSETS DUE TO CORRECTION OF WAV PROJECT SPONSOR LOAN RELATING TO MULTIPLE YEARS 675,725. TOTAL TO FORM 990, PART XI, LINE 5: 675,725. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | EXPLANATION OF FORM 990 AMENDMENT: |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PAGE 1, ITEM B - AMENDED RETURN |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART IX, LINE 5: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART XI, LINE 5: |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990ScheduleR/ExchangeOfAssets | 0 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine1 | 0 | 100 PORTLAND AVENUE S SUITE 100 |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine1 | 1 | 100 PORTLAND AVENUE S SUITE 100 |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City | 0 | MINNEAPOLIS |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City | 1 | MINNEAPOLIS |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/State | 0 | MN |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/State | 1 | MN |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/ZIPCode | 0 | 55401 |
| IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/ZIPCode | 1 | 55401 |
| IRS990ScheduleR/Form990ScheduleRPartI/DirectControllingEntityName/BusinessNameLine1 | 0 | PLACE |
| IRS990ScheduleR/Form990ScheduleRPartI/DirectControllingEntityName/BusinessNameLine1 | 1 | PLACE |
| IRS990ScheduleR/Form990ScheduleRPartI/EIN | 0 | 204361698 |
| IRS990ScheduleR/Form990ScheduleRPartI/EIN | 1 | 204361698 |
| IRS990ScheduleR/Form990ScheduleRPartI/EOYAssets | 0 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartI/EOYAssets | 1 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1 | 0 | 100 PORTLAND AVE S SUITE 100 |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1 | 1 | 100 PORTLAND AVE S SUITE 100 |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City | 0 | MINNEAPOLIS |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City | 1 | MINNEAPOLIS |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State | 0 | MN |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State | 1 | MN |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode | 0 | 55401 |
| IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode | 1 | 55401 |
| IRS990ScheduleR/Form990ScheduleRPartIII/DirectControllingEntityName/BusinessNameLine1 | 0 | WAV PARTNERS LLC |
| IRS990ScheduleR/Form990ScheduleRPartIII/DirectControllingEntityName/BusinessNameLine1 | 1 | CREST OF THE WAV PARTNERS LLC |
| IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations | 0 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations | 1 | 0 |
| IRS990ScheduleR/Form990ScheduleRPartIII/EIN | 0 | 261911591 |
| IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner | 0 | 1 |
| IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner | 1 | 1 |
| IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState | 0 | CA |
| IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState | 1 | CA |
| IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine1 | 0 | WAV APARTMENTS PARTNERS LP |
| IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine1 | 1 | WAV CONDOMINIUMS LLC |
| IRS990ScheduleR/Form990ScheduleRPartIII/PercentageOwnership | 0 | 0.00500 |
| IRS990ScheduleR/Form990ScheduleRPartIII/PercentageOwnership | 1 | 0.50000 |
| IRS990ScheduleR/Form990ScheduleRPartIII/PredominantIncomeType | 0 | RELATED |
| IRS990ScheduleR/Form990ScheduleRPartIII/PredominantIncomeType | 1 | RELATED |
| IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity | 0 | HOUSING-APTS |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.