Civic Intelligence

West Bank Community Development Corporation

990 • Fiscal year 2016 • EIN 51-0168908

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 16, 2016

Organization Profilewbcdc.org

View Organization Page

1808 RIVERSIDE AVENUE SOUTH No 201Minneapolis, MN 55454-1121

(612) 673-0478

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

44th percentile

0.6%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

59th percentile

$80,356

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

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

Asset Growth

50th percentile

1.2%

Faster asset growth than 50% of similar nonprofits.

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

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,524,319

Up $17,959 (+1.2%) from 2015

Net Assets

Up

$1,456,005

Up $2,503 (+0.2%) from 2015

Liabilities

Up

$68,314

Up $15,456 (+29%) from 2015

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin44th percentile

Revenue

Down

$420,821

Down $446,515 (-51%) from 2015

Expenses

Up

$418,318

Up $33,925 (+8.8%) from 2015

Net Income

Down

$2,503

Down $480,440 (-99%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,286,848Liabilities 2010: $288,261Net Assets 2010: $998,5872010Assets 2011: $1,120,736Liabilities 2011: $275,401Net Assets 2011: $845,3352011Assets 2012: $1,057,382Liabilities 2012: $262,938Net Assets 2012: $794,4442012Assets 2013: $1,057,622Liabilities 2013: $144,294Net Assets 2013: $913,3282013Assets 2014: $1,142,142Liabilities 2014: $171,583Net Assets 2014: $970,5592014Assets 2015: $1,506,360Liabilities 2015: $52,858Net Assets 2015: $1,453,5022015Assets 2016: $1,524,319Liabilities 2016: $68,314Net Assets 2016: $1,456,0052016Assets 2017: $1,492,230Liabilities 2017: $74,637Net Assets 2017: $1,417,5932017Assets 2018: $1,172,774Liabilities 2018: $52,060Net Assets 2018: $1,120,7142018Assets 2019: $1,867,325Liabilities 2019: $50,988Net Assets 2019: $1,816,3372019Assets 2020: $1,546,079Liabilities 2020: $91,715Net Assets 2020: $1,454,3642020Assets 2021: $1,621,311Liabilities 2021: $79,893Net Assets 2021: $1,541,4182021Assets 2022: $1,651,244Liabilities 2022: $35,836Net Assets 2022: $1,615,4082022Assets 2023: $1,676,137Liabilities 2023: $28,082Net Assets 2023: $1,648,0552023Assets 2024: $2,174,676Liabilities 2024: $15,444Net Assets 2024: $2,159,2322024Assets 2025: $1,951,567Liabilities 2025: $18,943Net Assets 2025: $1,932,6242025

Highlighted filing

2016

Assets$1,524,319
Liabilities$68,314
Net Assets$1,456,005
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $330,6012010Expenses 2011: $351,7502011Expenses 2012: $362,4012012Expenses 2013: $419,1812013Revenue 2014: $395,982Expenses 2014: $338,751Net Income 2014: $57,2312014Revenue 2015: $867,336Expenses 2015: $384,393Net Income 2015: $482,9432015Revenue 2016: $420,821Expenses 2016: $418,318Net Income 2016: $2,5032016Revenue 2017: $405,307Expenses 2017: $443,719Net Income 2017: -$38,4122017Revenue 2018: $364,750Expenses 2018: $386,952Net Income 2018: -$22,2022018Revenue 2019: $1,118,620Expenses 2019: $422,997Net Income 2019: $695,6232019Revenue 2020: $417,232Expenses 2020: $464,050Net Income 2020: -$46,8182020Revenue 2021: $503,443Expenses 2021: $416,389Net Income 2021: $87,0542021Revenue 2022: $458,586Expenses 2022: $384,596Net Income 2022: $73,9902022Revenue 2023: $341,695Expenses 2023: $352,968Net Income 2023: -$11,2732023Revenue 2024: $841,990Expenses 2024: $376,051Net Income 2024: $465,9392024Revenue 2025: $193,336Expenses 2025: $419,944Net Income 2025: -$226,6082025

Highlighted filing

2016

Revenue$420,821
Expenses$418,318
Net Income$2,503
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 16, 2016
Return Version
2015v2.1
Gross Receipts
$420,821
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$707,154$1,003,650▲ $296,496
Savings and Temporary Cash Investments$759,203$478,252▼ $280,951
Cash and Non-Interest-Bearing Accounts$38,080$40,447▲ $2,367
Accounts Receivable$87$1,970▲ $1,883
Land, Buildings, and Equipment, Net$1,836$0▼ $1,836
Total Assets$1,506,360$1,524,319▲ $17,959
Liabilities
Accounts Payable and Accrued Expenses$20,828$35,834▲ $15,006
Other Liabilities$32,030$32,480▲ $450
Total Liabilities$52,858$68,314▲ $15,456
Net Assets / Fund Balance
Unrestricted Net Assets$1,453,502$1,456,005▲ $2,503
Total Net Assets Fund Balance$1,453,502$1,456,005▲ $2,503
Total Liabilities and Net Assets / Fund Balance$1,506,360$1,524,319▲ $17,959

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,764$23,764
Leasehold Improvements$0$19,453$19,453
Investment Program Related Org$966,006--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim MungavanExecutive DirectorFT$77,394$2,962$80,356

Board Members and Trustees

NameTitle
Micael WorkuPresident
TIFFANy chanAssistant Vice President
Ken PreslanVice President
Alex MoralesDirector
Anne GomezDirectoR
Benjamin KrohlingDirector
David SwansonDirector
Michelle PrestegardDirector
Phill KellyDirector
James RuizSecretary
Laura SilverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,888
Program Service Revenue
$311,071
Investment Income
$62,862
Other Revenue
$0
Change in Net Assets
$2,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$243,783
Other Expenses$174,535
Total Fundraising Expense$6,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,361$36,156$1,079$141,596
Current Officers, Directors, Trustees, and Key Employees$48,213$28,125$4,018$80,356
Occupancy$27,644$10,933$87$38,664
Fees for Services Management$31,254--$31,254
Office Expenses$13,141$4,960$388$18,489
Payroll Taxes$10,865$4,557$357$15,779
Fees for Services Accounting-$6,075-$6,075
Other Employee Benefits$4,430$1,566$56$6,052
Insurance$1,998$838$66$2,902
Depreciation Depletion$1,264$530$41$1,835
Fees for Services Other-$1,348-$1,348
Other Expenses$912$382$30$1,324
Total Functional Expenses$315,910$96,227$6,181$418,318
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Upper Summit Escrow$30,000
Security Deposits$2,480
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 11

“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 ar 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.”

Filing and Contact Details

Filer

Filer Name
West Bank Community Development
EIN
51-0168908
Phone
6126730478
Address
1808 RIVERSIDE AVENUE SOUTH No 201, MINNEAPOLIS, MN 55454-1121

Signing Officer

Name
Tim Mungavan
Title
Executive Director
Phone
6126730478
Signed
2016-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Mungavan
Formed
1975
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
13

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Daniel J Flicek
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The process has not changed from previous years.”

Financial Statement Notes

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.”

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IRS990/Desc0The 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. Recent accomplishments of the WBCDC are negotiating a $75,000 grant with the City of Minneapolis NRP for use on safety improvements within the Cedar-East Neighborhood; Organizing safety patrols within the Cedar-East area; Completing a $290,000 rehabilitation demonstration project on an affordable housing building; hosting a community Iftar dinner for over 150 neighborhood residents; and, hosting a live arts performance for over 50 neighborhood residents.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt010933
IRS990/OccupancyGrp/ProgramServicesAmt027644
IRS990/OccupancyGrp/TotalAmt038664
IRS990/OfficeExpensesGrp/FundraisingAmt0388
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04960
IRS990/OfficeExpensesGrp/ProgramServicesAmt013141
IRS990/OfficeExpensesGrp/TotalAmt018489
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt056
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01566
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06052
IRS990/OtherExpensesGrp/Desc0PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc1STAFF AND BOARD
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt059
IRS990/OtherExpensesGrp/FundraisingAmt130
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0757
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1382
IRS990/OtherExpensesGrp/ProgramServicesAmt070024
IRS990/OtherExpensesGrp/ProgramServicesAmt11804
IRS990/OtherExpensesGrp/ProgramServicesAmt2912
IRS990/OtherExpensesGrp/TotalAmt070024
IRS990/OtherExpensesGrp/TotalAmt12620
IRS990/OtherExpensesGrp/TotalAmt21324
IRS990/OtherLiabilitiesGrp/BOYAmt032030
IRS990/OtherLiabilitiesGrp/EOYAmt032480
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01079
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036156
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104361
IRS990/OtherSalariesAndWagesGrp/TotalAmt0141596
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0357
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04557
IRS990/PayrollTaxesGrp/ProgramServicesAmt010865
IRS990/PayrollTaxesGrp/TotalAmt015779
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIM MUNGAVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT & MGMT FEE
IRS990/ProgramServiceRevenueGrp/Desc1rental revenues
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0286505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124282
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0286505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2284
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03241
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt080655
IRS990/PYOtherExpensesAmt0151314
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0783440
IRS990/PYRevenuesLessExpensesAmt0482943
IRS990/PYSalariesCompEmpBnftPaidAmt0233079
IRS990/PYTotalExpensesAmt0384393
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0867336
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02503
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0311071
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0759203
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0478252
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt046888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03241
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02352
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04212
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt053527
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0110220
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt062862
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt080655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0104186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021383
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013904
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0282990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0311071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0783440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0289444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0408022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0244079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02036056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt062862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt080655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0104186
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013904
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0282990
IRS990ScheduleA/InvestmentIncomeCYPct00.11650
IRS990ScheduleA/InvestmentIncomePYPct00.12880
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88350
IRS990ScheduleA/PublicSupportPY509Pct00.87120
IRS990ScheduleA/PublicSupportTotal509Amt02146276
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0357959
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0786681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0291796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0412234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0297606
IRS990ScheduleA/Total509Grp/TotalAmt02146276
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0420821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0867336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0395982
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0433617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0311510
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02429266
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023764
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt037644
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1966006
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1DUE FROM AFFILIATED ENTITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019453
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt019453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UPPER SUMMIT ESCROW
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01003650
IRS990ScheduleD/TotalLiabilityAmt032480
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL OF THE DIRECTORS ARE ALSO DIRECTORS OF THESE AFFILIATED ENTITIES: WEST BANK COMMUNITY DEVELOPMENT CORPORATION, MUTUAL MANAGEMENT COMPANY, AND WEST BANK COMMUNITY HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS REVIEWED BY THE BOARD BEFORE FINALIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DISCLOSuRES ARE REVIEWED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 AR 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE and THE 990 IS AVAILABLE AT www.GUIDESTAR.ORG AND WBCDC.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0411949571
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,524,319
Liabilities
$68,314
Net assets
$1,456,005
Revenue
$420,821
Expenses
$418,318
Net income
$2,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.95$0.02$1.93$0.19$0.42$0.23
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.02$2.16$0.84$0.38$0.47
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.03$1.65$0.34$0.35$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.04$1.62$0.46$0.38$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.08$1.54$0.50$0.42$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.09$1.45$0.42$0.46$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.05$1.82$1.12$0.42$0.70
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.05$1.12$0.36$0.39$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.07$1.42$0.41$0.44$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.07$1.46$0.42$0.42$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.51$0.05$1.45$0.87$0.38$0.48
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.17$0.97$0.40$0.34$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.14$0.91$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.26$0.79$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.28$0.85$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.29$1.00$0.33