Civic Intelligence

West Bank Community Development Corporation

990 • Fiscal year 2019 • EIN 51-0168908

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 22, 2020

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

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$75,933

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

59%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

207%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,867,325

Up $694,551 (+59%) from 2018

Net Assets

Up

$1,816,337

Up $695,623 (+62%) from 2018

Liabilities

Down

$50,988

Down $1,072 (-2.1%) from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin94th percentile

Revenue

Up

$1,118,620

Up $753,870 (+207%) from 2018

Expenses

Up

$422,997

Up $36,045 (+9.3%) from 2018

Net Income

Up

$695,623

Up $717,825 (+3233%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2019

Assets$1,867,325
Liabilities$50,988
Net Assets$1,816,337
Open 2019 Filing

Operations Trend

Revenue Growth97th 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

2019

Revenue$1,118,620
Expenses$422,997
Net Income$695,623
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.1
Gross Receipts
$1,118,620
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$547,492$976,218▲ $428,726
Savings and Temporary Cash Investments$583,081$846,719▲ $263,638
Cash and Non-Interest-Bearing Accounts$41,561$41,819▲ $258
Other Notes and Loans Receivable, Net-$2,500-
Accounts Receivable$640$69▼ $571
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,172,774$1,867,325▲ $694,551
Liabilities
Accounts Payable and Accrued Expenses$27,876$26,854▼ $1,022
Other Liabilities$24,184$24,134▼ $50
Total Liabilities$52,060$50,988▼ $1,072
Net Assets / Fund Balance
Unrestricted Net Assets$1,120,714$1,816,337▲ $695,623
Total Net Assets Fund Balance$1,120,714$1,816,337▲ $695,623
Total Liabilities and Net Assets / Fund Balance$1,172,774$1,867,325▲ $694,551

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,764$23,764
Leasehold Improvements$0$19,453$19,453
Investment Program Related Org$21,047--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim MungavanExecutive DirectorFT$73,012$2,921$75,933

Board Members and Trustees

NameTitle
Micael WorkuPresident
Ken PreslanVice President
Amy SwensonDirector
Batula MahamedDirector
David SwansonDirector
Edward SheehyDirector
Niioblite HarperDirector
Solomon CherneDirector
Benjamin KrohlingAssistant Secretary
James RuizSecretary
Laura SilverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,008
Program Service Revenue
$1,088,665
Investment Income
$27,947
Other Revenue
$0
All Other Contributions
$2,008
Change in Net Assets
$695,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,524
Other Expenses$172,473
Total Fundraising Expense$5,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,238$32,154$3,236$150,628
Current Officers, Directors, Trustees, and Key Employees$57,709$16,706$1,518$75,933
Occupancy$41,846$147$87$42,080
Payroll Taxes$13,213$3,731$363$17,307
Office Expenses$11,986$3,081$300$15,367
Fees for Services Management$13,237$559-$13,796
Other Employee Benefits$5,091$1,422$143$6,656
Information Technology$4,699$1,327$129$6,155
Fees for Services Accounting-$5,110-$5,110
Conferences and Meetings$2,244$634$62$2,940
Insurance$1,421$401$39$1,861
Other Expenses$1,284$363$35$1,682
Total Functional Expenses$351,450$65,635$5,912$422,997
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$21,789
Security Deposits$2,345
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
2020-01-22
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
20

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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MissionDesc0THROUGH 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01120714
IRS990/NetAssetsOrFundBalancesEOYAmt01816337
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt087
IRS990/OccupancyGrp/ManagementAndGeneralAmt0147
IRS990/OccupancyGrp/ProgramServicesAmt041846
IRS990/OccupancyGrp/TotalAmt042080
IRS990/OfficeExpensesGrp/FundraisingAmt0300
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03081
IRS990/OfficeExpensesGrp/ProgramServicesAmt011986
IRS990/OfficeExpensesGrp/TotalAmt015367
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0143
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01422
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05091
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06656
IRS990/OtherExpensesGrp/Desc0COMMUNITY OUTREACH
IRS990/OtherExpensesGrp/Desc1PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt035
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0363
IRS990/OtherExpensesGrp/ProgramServicesAmt058807
IRS990/OtherExpensesGrp/ProgramServicesAmt124675
IRS990/OtherExpensesGrp/ProgramServicesAmt21284
IRS990/OtherExpensesGrp/TotalAmt058807
IRS990/OtherExpensesGrp/TotalAmt124675
IRS990/OtherExpensesGrp/TotalAmt21682
IRS990/OtherLiabilitiesGrp/BOYAmt024184
IRS990/OtherLiabilitiesGrp/EOYAmt024134
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03236
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032154
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0115238
IRS990/OtherSalariesAndWagesGrp/TotalAmt0150628
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02500
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0363
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03731
IRS990/PayrollTaxesGrp/ProgramServicesAmt013213
IRS990/PayrollTaxesGrp/TotalAmt017307
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIM MUNGAVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT & MGMT FEE
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0764097
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1295447
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt229121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0764097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1295447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229121
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02607
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt058387
IRS990/PYOtherExpensesAmt0151016
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0303756
IRS990/PYRevenuesLessExpensesAmt0-22202
IRS990/PYSalariesCompEmpBnftPaidAmt0235936
IRS990/PYTotalExpensesAmt0386952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0364750
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0695623
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01088665
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0583081
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0846719
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02008
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt046888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03241
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt088116
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027947
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058387
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt068666
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt062862
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt080655
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0298517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01088665
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0303756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0303269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0311071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0783440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02790201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027947
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt058387
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt068666
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt062862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt080655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0298517
IRS990ScheduleA/InvestmentIncomeCYPct00.09400
IRS990ScheduleA/InvestmentIncomePYPct00.15270
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90600
IRS990ScheduleA/PublicSupportPY509Pct00.84730
IRS990ScheduleA/PublicSupportTotal509Amt02878317
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01090673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0306363
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0336641
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0357959
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0786681
IRS990ScheduleA/Total509Grp/TotalAmt02878317
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01118620
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0364750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0405307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0420821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0867336
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03176834
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023764
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0955171
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt121047
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/Amt02345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121789
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/TotalBookValueProgramRltdAmt0976218
IRS990ScheduleD/TotalLiabilityAmt024134
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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,867,325
Liabilities
$50,988
Net assets
$1,816,337
Revenue
$1,118,620
Expenses
$422,997
Net income
$695,623
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