Civic Intelligence

West Bank Community Development Corporation

990 • Fiscal year 2017 • EIN 51-0168908

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 18, 2018

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

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

21st percentile

-9.5%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

30th percentile

-2.1%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-3.7%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$1,492,230

Down $32,089 (-2.1%) from 2016

Net Assets

Down

$1,417,593

Down $38,412 (-2.6%) from 2016

Liabilities

Up

$74,637

Up $6,323 (+9.3%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin21st percentile

Revenue

Down

$405,307

Down $15,514 (-3.7%) from 2016

Expenses

Up

$443,719

Up $25,401 (+6.1%) from 2016

Net Income

Down

-$38,412

Down $40,915 (-1635%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2017

Assets$1,492,230
Liabilities$74,637
Net Assets$1,417,593
Open 2017 Filing

Operations Trend

Revenue Growth29th 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

2017

Revenue$405,307
Expenses$443,719
Net Income-$38,412
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.0
Gross Receipts
$405,307
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$1,003,650$849,896▼ $153,754
Savings and Temporary Cash Investments$478,252$602,287▲ $124,035
Cash and Non-Interest-Bearing Accounts$40,447$39,915▼ $532
Accounts Receivable$1,970$132▼ $1,838
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,524,319$1,492,230▼ $32,089
Liabilities
Accounts Payable and Accrued Expenses$35,834$45,223▲ $9,389
Other Liabilities$32,480$29,414▼ $3,066
Total Liabilities$68,314$74,637▲ $6,323
Net Assets / Fund Balance
Unrestricted Net Assets$1,456,005$1,417,593▼ $38,412
Total Net Assets Fund Balance$1,456,005$1,417,593▼ $38,412
Total Liabilities and Net Assets / Fund Balance$1,524,319$1,492,230▼ $32,089

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,764$23,764
Leasehold Improvements$0$19,453$19,453
Investment Program Related Org$812,252--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim MungavanExecutive DirectorFT$74,678$3,012$77,690

Board Members and Trustees

NameTitle
Micael WorkuPresident
TIFFANy chanAssistant Vice President
Ken PreslanVice President
Benjamin KrohlingDirector
DOnna BerryDirectoR
David SwansonDirector
Michelle PrestegardDirector
NiiObite HarperDirector
James RuizSecretary
Laura SilverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,372
Program Service Revenue
$303,269
Investment Income
$68,666
Other Revenue
$0
All Other Contributions
$4,172
Change in Net Assets
$-38,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$243,419
Other Expenses$200,300
Total Fundraising Expense$5,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,196$36,627$1,052$142,875
Current Officers, Directors, Trustees, and Key Employees$46,614$27,191$3,885$77,690
Occupancy$40,603$1,970$150$42,723
Fees for Services Management$31,797--$31,797
Payroll Taxes$11,098$4,644$354$16,096
Office Expenses$8,014$2,805$213$11,032
Fees for Services Accounting-$7,425-$7,425
Other Employee Benefits$4,929$1,765$64$6,758
Information Technology$3,380$1,414$108$4,902
Insurance$1,551$649$50$2,250
Other Expenses$593$248$18$859
Total Functional Expenses$352,212$85,551$5,956$443,719
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$26,659
Security Deposits$2,755
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 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 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
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Mungavan
Formed
1975
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
13

Preparer

Firm
MahoneyUlbrichChristiansen & Russ PA
Address
10 River Park Plaza Suite 800, Saint Paul, MN 55107
Preparer
Marc A Kotsonas
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/ActivityOrMissionDesc0Through 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.
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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 include:Sponsored resident-initiated Community Building Events including a Fruit Tree planting Project, Iftar Dinner & Eid Celebration, Puppet show, Street Sale, and a new Community Garden. Worked on safety issues with residents and neighborhood partners. Moved the Riverside Homes Refinance forward for a closing in early 2018, including planning for Jobs program to train and employ neighborhood residents in construction.Secured financing for repairs to preserves a historic commercial building as a long-term asset for the community.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt06758
IRS990/OtherExpensesGrp/Desc0PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc1STAFF AND BOARD
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt062
IRS990/OtherExpensesGrp/FundraisingAmt118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0813
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1248
IRS990/OtherExpensesGrp/ProgramServicesAmt096495
IRS990/OtherExpensesGrp/ProgramServicesAmt11942
IRS990/OtherExpensesGrp/ProgramServicesAmt2593
IRS990/OtherExpensesGrp/TotalAmt096495
IRS990/OtherExpensesGrp/TotalAmt12817
IRS990/OtherExpensesGrp/TotalAmt2859
IRS990/OtherLiabilitiesGrp/BOYAmt032480
IRS990/OtherLiabilitiesGrp/EOYAmt029414
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01052
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036627
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105196
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142875
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0354
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04644
IRS990/PayrollTaxesGrp/ProgramServicesAmt011098
IRS990/PayrollTaxesGrp/TotalAmt016096
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/RelatedOrExemptFuncIncomeAmt0276250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125279
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0276250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125279
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21740
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt046888
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt062862
IRS990/PYOtherExpensesAmt0174535
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0311071
IRS990/PYRevenuesLessExpensesAmt02503
IRS990/PYSalariesCompEmpBnftPaidAmt0243783
IRS990/PYTotalExpensesAmt0418318
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0420821
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-38412
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0303269
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0478252
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0602287
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt033372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt046888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03241
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02352
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04212
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt090065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068666
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt062862
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt080655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0104186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021383
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0337752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0303269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0311071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0783440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0289444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0408022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02095246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068666
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt062862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt080655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0104186
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0337752
IRS990ScheduleA/InvestmentIncomeCYPct00.13390
IRS990ScheduleA/InvestmentIncomePYPct00.11650
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86610
IRS990ScheduleA/PublicSupportPY509Pct00.88350
IRS990ScheduleA/PublicSupportTotal509Amt02185311
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0336641
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0357959
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0786681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0291796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0412234
IRS990ScheduleA/Total509Grp/TotalAmt02185311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0405307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0420821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0867336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0395982
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0433617
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02523063
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023764
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt037644
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1812252
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/Amt02755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126659
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/TotalBookValueProgramRltdAmt0849896
IRS990ScheduleD/TotalLiabilityAmt029414
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 11b
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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WBCDC RIVERSIDE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0-186091
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt018
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01808 RIVERSIDE AVENUE SOUTH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,492,230
Liabilities
$74,637
Net assets
$1,417,593
Revenue
$405,307
Expenses
$443,719
Net income
-$38,412
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