Civic Intelligence

West Bank Community Development Corporation

990 • Fiscal year 2022 • EIN 51-0168908

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 18, 2023

1808 Riverside Avenue South 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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$58,769

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-8.9%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,651,244

Up $29,933 (+1.8%) from 2021

Net Assets

Up

$1,615,408

Up $73,990 (+4.8%) from 2021

Liabilities

Down

$35,836

Down $44,057 (-55%) from 2021

Revenue

Down

$458,586

Down $44,857 (-8.9%) from 2021

Expenses

Down

$384,596

Down $31,793 (-7.6%) from 2021

Net Income

Down

$73,990

Down $13,064 (-15%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$1,651,244
Liabilities$35,836
Net Assets$1,615,408

Operations Trend

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

2022

Revenue$458,586
Expenses$384,596
Net Income$73,990
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 18, 2023
Return Version
2021v4.2
Gross Receipts
$458,586
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$1,208,183$1,016,718▼ $191,465
Savings and Temporary Cash Investments$148,076$498,388▲ $350,312
Cash and Non-Interest-Bearing Accounts$131,260$131,360▲ $100
Prepaid Expenses and Deferred Charges$3,231$3,231→ $0
Accounts Receivable$130,561$1,547▼ $129,014
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,621,311$1,651,244▲ $29,933
Liabilities
Unsecured Notes Loans Payable$42,882--
Accounts Payable and Accrued Expenses$24,976$26,146▲ $1,170
Other Liabilities$12,035$9,690▼ $2,345
Total Liabilities$79,893$35,836▼ $44,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,541,418$1,581,408▲ $39,990
Net Assets With Donor Restrictions-$34,000-
Total Net Assets Fund Balance$1,541,418$1,615,408▲ $73,990
Total Liabilities and Net Assets / Fund Balance$1,621,311$1,651,244▲ $29,933

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,764$23,764
Leasehold Improvements$0$19,453$19,453
Investment Program Related Org$61,547--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim MungavanExecutive DirectorFT$56,509$2,260$58,769

Board Members and Trustees

NameTitle
Ken PreslanPresident
Niioblite HarperAssistant Vice President
David SwansonVice President
Amy SwensonDirector
Edward SheehyDirector
Matthew ByrnesDirector
Muna DalmarDirector
Benjamin KrohlingAssistant Secretary
Laura SilverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,373
Program Service Revenue
$347,099
Investment Income
$114
Other Revenue
$0
All Other Contributions
$491
Change in Net Assets
$73,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,206
Salaries, Compensation, and Employee Benefits$177,390
Total Fundraising Expense$4,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,592$23,532$1,866$101,990
Current Officers, Directors, Trustees, and Key Employees$42,902$14,692$1,175$58,769
Fees for Services Management$29,732$5,360-$35,092
Occupancy$18,860$6,027$479$25,366
Payroll Taxes$9,054$2,893$230$12,177
Information Technology$7,186$2,296$183$9,665
Office Expenses$7,432$1,943$154$9,529
Other Expenses$4,478$8,033$639$4,478
Other Employee Benefits$3,342$1,030$82$4,454
Insurance$1,215$388$31$1,634
All Other Expenses$251$80$6$337
Total Functional Expenses$313,477$66,274$4,845$384,596
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$9,690
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 35% controlled entity
No
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 201, MINNEAPOLIS, MN 55454-1121

Signing Officer

Name
Tim Mungavan
Title
Executive Director
Phone
6126730478
Signed
2023-01-18
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
Mahoney Ulbrich Christiansen & 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.

Raw XML AppendixShowing 400 of 525 raw XML fields

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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt024976
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt026146
IRS990/AccountsReceivableGrp/BOYAmt0130561
IRS990/AccountsReceivableGrp/EOYAmt01547
IRS990/ActivitiesConductedPrtshpInd00
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.
IRS990/AllOtherContributionsAmt0491
IRS990/AllOtherExpensesGrp/FundraisingAmt06
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt080
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0251
IRS990/AllOtherExpensesGrp/TotalAmt0337
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TIM MUNGAVAN
IRS990/BooksInCareOfDetail/PhoneNum06126730478
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01808 RIVERSIDE AVENUE 201
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0554541121
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0131260
IRS990/CashNonInterestBearingGrp/EOYAmt0131360
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt01175
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014692
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt042902
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt058769
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0111373
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0114
IRS990/CYOtherExpensesAmt0207206
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0347099
IRS990/CYRevenuesLessExpensesAmt073990
IRS990/CYSalariesCompEmpBnftPaidAmt0177390
IRS990/CYTotalExpensesAmt0384596
IRS990/CYTotalFundraisingExpenseAmt04845
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0458586
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt034000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0313477
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt05360
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt029732
IRS990/FeesForServicesManagementGrp/TotalAmt035092
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt92260
IRS990/Form990PartVIISectionAGrp/PersonNm0KEN PRESLAN
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID SWANSON
IRS990/Form990PartVIISectionAGrp/PersonNm2LAURA SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm3NIIOBLITE HARPER
IRS990/Form990PartVIISectionAGrp/PersonNm4BENJAMIN KROHLING
IRS990/Form990PartVIISectionAGrp/PersonNm5EDWARD SHEEHY
IRS990/Form990PartVIISectionAGrp/PersonNm6MUNA DALMAR
IRS990/Form990PartVIISectionAGrp/PersonNm7AMY SWENSON
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW BYRNES
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM MUNGAVAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt956509
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0110882
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0458586
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0183
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02296
IRS990/InformationTechnologyGrp/ProgramServicesAmt07186
IRS990/InformationTechnologyGrp/TotalAmt09665
IRS990/InsuranceGrp/FundraisingAmt031
IRS990/InsuranceGrp/ManagementAndGeneralAmt0388
IRS990/InsuranceGrp/ProgramServicesAmt01215
IRS990/InsuranceGrp/TotalAmt01634
IRS990/InvestmentIncomeGrp/ExclusionAmt0114
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0114
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01208183
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01016718
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt043217
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt043217
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/NetAssetsOrFundBalancesBOYAmt01541418
IRS990/NetAssetsOrFundBalancesEOYAmt01615408
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01541418
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01581408
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0479
IRS990/OccupancyGrp/ManagementAndGeneralAmt06027
IRS990/OccupancyGrp/ProgramServicesAmt018860
IRS990/OccupancyGrp/TotalAmt025366
IRS990/OfficeExpensesGrp/FundraisingAmt0154
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01943
IRS990/OfficeExpensesGrp/ProgramServicesAmt07432
IRS990/OfficeExpensesGrp/TotalAmt09529
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt082
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01030
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03342
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04454
IRS990/OtherExpensesGrp/Desc0COMMUNITY OUTREACH
IRS990/OtherExpensesGrp/Desc1COMMUNITY EVENT SUPPLIE
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3PROJECT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0639
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08033
IRS990/OtherExpensesGrp/ProgramServicesAmt047759
IRS990/OtherExpensesGrp/ProgramServicesAmt139538
IRS990/OtherExpensesGrp/ProgramServicesAmt225136
IRS990/OtherExpensesGrp/ProgramServicesAmt34478
IRS990/OtherExpensesGrp/TotalAmt047759
IRS990/OtherExpensesGrp/TotalAmt139538
IRS990/OtherExpensesGrp/TotalAmt233808
IRS990/OtherExpensesGrp/TotalAmt34478
IRS990/OtherLiabilitiesGrp/BOYAmt012035
IRS990/OtherLiabilitiesGrp/EOYAmt09690
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01866
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023532
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt076592
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101990
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0230
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02893
IRS990/PayrollTaxesGrp/ProgramServicesAmt09054
IRS990/PayrollTaxesGrp/TotalAmt012177
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03231
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03231
IRS990/PrincipalOfficerNm0TIM MUNGAVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT & MGMT FEE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0312198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127269
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0312198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27632
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0121000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0231
IRS990/PYOtherExpensesAmt0194539
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0382212
IRS990/PYRevenuesLessExpensesAmt087054
IRS990/PYSalariesCompEmpBnftPaidAmt0221850
IRS990/PYTotalExpensesAmt0416389
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0503443
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt073990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0347099
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0148076
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0498388
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0121000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt072060
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02008
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0309048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0231
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0855
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027947
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt058387
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt087534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0347099
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0382212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0344317
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01088665
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0303756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02466049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027947
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt058387
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt087534
IRS990ScheduleA/InvestmentIncomeCYPct00.03060
IRS990ScheduleA/InvestmentIncomePYPct00.05560
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96940
IRS990ScheduleA/PublicSupportPY509Pct00.94440
IRS990ScheduleA/PublicSupportTotal509Amt02775097
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0458472
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0503212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0416377
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01090673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0306363
IRS990ScheduleA/Total509Grp/TotalAmt02775097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0458586
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0503443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0417232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01118620
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0364750
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02862631
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023764
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0955171
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt161547
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/Amt09690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UPPER 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/TotalBookValueProgramRltdAmt01016718
IRS990ScheduleD/TotalLiabilityAmt09690
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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