2025-11-10T15:13:28-08:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 204361698 PLACE PROJECTS LINKING ART COMMUNITY & ENVIRONMENT PLAC 6123093889 729 N WASHINGTON AVE 600 MINNEAPOLIS MN 55401 CHRIS VELASCO PRESID/EXE DIR 2025-11-10 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z CHRIS VELASCO 729 N WASHINGTON AVE 600 MINNEAPOLIS MN 55401 1540814 false X WWW.WELCOMETOPLACE.ORG X 2006 MN TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME. 10 10 0 12 0 170451 49560 36264946 1441409 -33498951 -34651 0 2936446 1456318 0 0 0 0 0 7553724 1705737 7553724 1705737 -4617278 -249419 14803036 13659596 11972865 11078844 2830171 2580752 PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE. false false 1663387 1441409 PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS LIFE CHALLENGES, NONPROFIT ORGANIZATIONS, AND CREATIVE BUSINESSES. WITH PLACE'S GUIDANCE, THESE NEIGHBORHOODS WILL BE CREATED WITH VIGOROUS PUBLIC DIALOG, BUILT TO THE HIGHEST ENVIRONMENTAL STANDARDS, AND FILLED WITH PEOPLE FROM ALL BACKGROUNDS AND ECONOMIC CIRCUMSTANCES. THE PLACE TEAM ASSISTS ITS COMMUNITIES WITH EVERY ASPECT OF THE PROJECT FROM VISIONING TO PLANNING, FROM DESIGN TO FUNDING, FROM CONSTRUCTION TO SERVICE COORDINATION AND PROJECT MAINTENANCE. 1663387 true true false false false false false false false false true false true false true true false false false false false false false false false false false false false false false false false true false true false false true false false false true true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 10 10 true false false false false false false true true false false true true true true true false true true false CA MN X ELIZABETH BOWLING 6123093889 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 X CHRIS VELASCO PRESID/EXE DIR 42.00 0.00 X X 0 0 0 ELIZABETH BOWLING interim treas. 42.00 0.00 X 0 0 0 GARTH ROCKCASTLE CO-VICE PRESID 2.00 0.00 X X 0 0 0 KERRI STAHLECKER CO-VICE PRESID 2.00 0.00 X X 0 0 0 BRENT WEBB TREASURER 0.00 0.00 X X 0 0 0 EMILY MONAREZ CO-SECRETARY 2.00 0.00 X X 0 0 0 ROMULO E SAMANIEGO CO-SECRETARY 2.00 0.00 X X 0 0 0 JONATHAN PEArLSTEIN DIRECTOR 2.00 0.00 X 0 0 0 CHARLES L RAISON MD DIRECTOR 0.00 0.00 X 0 0 0 ALICE HINIKER Director 2.00 0.00 X 0 0 0 0 false false false 0 49560 39740 49560 cancellation of debt 531110 241830 241830 PARTNERSHIP FEES 531390 20045 20045 program loan interest 531390 445311 445311 RENTAL INCOME 531110 718911 718911 TECHNICAL ASSISTANCE 531390 16528 16528 -1216 -1216 1441409 1130 1130 0 0 0 48715 84496 -35781 -35781 -35781 0 0 0 0 1456318 1441409 -34651 0 0 0 0 0 0 0 0 0 0 0 1322 1177 145 27496 27496 0 0 0 1822 1622 200 2161 1923 238 5317 4731 586 0 0 16456 14646 1810 2057 1831 226 0 0 85911 76461 9450 0 0 2203 1961 242 K-1 RENTAL EXPENSES 1543118 1543118 TELEPHONE 6163 5485 678 TAXES 5132 4567 565 DUES AND SUBSCRIPTIONS 2378 2116 262 4201 3749 452 1705737 1663387 42350 0 7490 6680 0 0 0 0 0 5949822 6395133 0 0 22665 22665 0 75191 0 0 7378762 7009543 0 1391771 248240 14803036 13659596 334880 55133 901443 906024 3020702 3102937 7715236 7014234 604 516 11972865 11078844 X 2830171 2580752 2830171 2580752 14803036 13659596 -249419 X false false false X 708957 157713 360983 170451 49560 1447664 0 0 708957 157713 360983 170451 49560 1447664 373025 1074639 5000 5018 5412 265 1130 16825 0 0 1464489 39263284 0.73380 0.69870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22665 22665 7009543 FISCAL AGENT FUNDS 516 516 X Part X : FIN48 Footnote PART X, LINE 2:PLACE IS A MINNESOTA NONPROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME.MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN ITS TAX FILINGS AND DOES NOT BELIEVE IT HAS TAKEN ANY UNCERTAIN TAX POSITIONS. ELIZABETH BOWLING DIRECTOR OPERATING X 66119 906024 false false false Lois I Velasco Trust Beneficiary construct X 1000000 1457823 false true true 2363847 Lois I Velasco Trust Beneficiary 74130 interest expense false Schedule L, Part V Supplemental Information SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS:line 1:(A) NAME OF PERSON: ELIZABETH BOWLING(B) RELATIONSHIP WITH ORGANIZATION: A DIRECTOR ON THE BOARD(C) PURPOSE OF LOAN: OPERATING EXPENSESline 2:(A) NAME OF PERSON: Lois I. Velasco Trust(B) RELATIONSHIP WITH ORGANIZATION: A director is a discretionary income beneficiary of the trust(C) PURPOSE OF LOAN: CONSTRUCTION EXPENSESSCHEDULE L, PART IV, Business Transactions Involving Interested Persons:line 1:(A) NAME OF PERSON: Lois I. Velasco Trust(B) RELATIONSHIP WITH ORGANIZATION: A director is a discretionary income beneficiary of the trust (D) DESCRIPTION OF TRANSACTION: INTEREST EXPENSE FOR THE LOAN FROM Lois I. Velasco Trust X 1 39740 fair market value false false false Form 990, Part VI, Section A, Line 2 CHRIS VELASCO (PRESIDENT) AND ELIZABETH BOWLING (FOUNDING BOARD MEMBER)HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section B, Line 11b FORM 990 WILL BE REVIEWED IN DETAIL BY THE PRESIDENT AND TREASURER, AND WILL BE CIRCULATED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. Form 990, Part VI, Section B, Line 15b THE PROCESS FOR EXECUTIVE COMPENSATION REVIEW HAS NOT OCCURRED IN FIVE YEARS DUE TO THE FINANCIAL POSITION OF THE ORGANIZATION. IN THE PAST, THE PRESIDENT/EXECUTIVE DIRECTOR MAKES A REQUEST AND PRESENTS DATA, HE AND ELIZABETH BOWLING RECUSE THEMSELVES FROM BOARD DISCUSSIONS, THE BOARD REVIEWS THE DATA AND CONDUCTS A PERFORMANCE REVIEW DISCUSSION AND INDEPENDENT INVESTIGATION OF COMPENSATION, MINUTES ARE PRESERVED AND THE BOARD THEN VOTES. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. Statement Note 1 AT THE TIME OF FILING THE TAX RETURN. THE AUDIT IS STILL IN PROGRESS; THEREFORE, THE RETURN WAS PREPARED USING THE unAUDITED FINANCIAL STATEMENTS. SHOULD THE COMPLETE AUDIT CHANGE THE FINANCIAL STATEMENTS, AN AMENDED RETURN WILL BE FILED. THE ANSWER OF FORM 990 PART IV QUESTION 12B, and FORM 990 PART XII QUESTION 2B AND 2C REFLECT THIS SITUATION. WAV PARTNERS LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 RENTAL REAL ESTATE CA 738537 7244389 place CREST OF THE WAV PARTNERS LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 rental real estate CA 1545 13395 place WAV CONDOMINIUMS LLC 1388 SUTTER STREET 11TH FLOOR SAN FRANCISCO CA 94109 261911486 MANAGING COMMERCIAL SPACE CA see part vii -648 13395 false true 0.01000 WAV APARTMENTS PARTNERS LP 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 261911591 AFFORDABLE HOUSING - APARTMENTS CA WAV PARTNERS LLC -811104 7244389 true true 0.00005 false true false true false false false false false false false true false false false false false false false PART III, line 1, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS PARTNERSHIP: NAME OF RELATED ORGANIZATION:WAV CONDOMINIUMS, LLCPRIMARY ACTIVITY: MANAGING COMMERCIAL SPACE AT WAV WHICH IT MASTER LEASESdirect controlling entity: CREST OF THE WAV PARTNERS, LLC