2025-01-25T12:31:24-06:00 2024-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-07-01 411464428 WEST BANK COMMUNITY HOUSING CORPORATION WEST 6126730477 1808 RIVERSIDE AVENUE SOUTH 201 MINNEAPOLIS MN 554541121 TIM MUNGAVAN TREASURER 6126730477 2025-01-17 1 0 TYLER HANSON P01916433 6512276695 2025-01-17 2023 2025-03-06 01:10:19Z TIM MUNGAVAN 1808 RIVERSIDE AVENUE SOUTH 201 MINNEAPOLIS MN 554541121 943206 0 X WBCDC.ORG X 1982 MN 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. 7 6 0 8 0 0 0 0 886722 864970 71793 78236 0 0 958515 943206 0 0 0 0 11418 11633 0 0 0 595187 691539 606605 703172 351910 240034 16188540 16560228 784585 793477 15403955 15766751 X 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. 0 0 527796 864970 THE WBCHC OWNS HOUSING AND COMMERCIAL PROPERTIES AND MAINTAINS THEM AS A LONG-TERM ASSETS FOR BENEFIT OF RESIDENTS OF THE CEDAR-RIVERSIDE NEIGHBORHOOD OF MINNEAPOLIS. 527796 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X TIM MUNGAVAN 6126730477 1808 RIVERSIDE AVENUE SOUTH 201 MINNEAPOLIS MN 554541121 SCOTT WILLIAMS PRESIDENT 1.00 1.00 X X 0 0 0 KEN PRESLAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 TIM MUNGAVAN TREASURER 1.00 40.00 X X 0 55237 2209 LAURA SILVER VICE TREASURER 1.00 1.00 X X 0 0 0 BRIAN HANNINEN BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID SWANSON BOARD MEMBER 1.00 1.00 X 0 0 0 DAN WALSH BOARD MEMBER 1.00 1.00 X 0 0 0 0 55237 2209 0 0 0 0 0 INTEREST INCOME ON RHI 531390 450225 450225 RENTAL INCOME 531110 388997 388997 DEVELOPMENT AND MANAGE 531390 22510 22510 OTHER INCOME 531390 3238 3238 864970 78236 78236 943206 864970 0 78236 X 11633 11633 52369 52369 7499 7499 7400 7400 160477 160477 57722 57722 25576 25576 66043 66043 26434 26434 OTHER OPERATING EXPENSE 211261 211261 REAL ESTATE TAXES 65551 65551 RUBBISH REMOVAL 8037 8037 MAINTENANCE SUPPLIES 3170 3170 703172 527796 175376 0 622688 552668 441452 437392 12383 19573 7685 4185 5227 7547 15099105 15538863 16188540 16560228 15210 19828 34259 217782 202129 517334 571520 784585 793477 X 15403955 15766751 15403955 15766751 16188540 16560228 X 240034 122762 X X 0 1 X 1 0 X 1656789 890717 883896 886722 864970 5183094 1656789 890717 883896 886722 864970 5183094 0 0 0 5183094 80846 69808 69401 71793 78236 370084 80846 69808 69401 71793 78236 370084 127117 127117 1737635 960525 1080414 958515 943206 5680295 0.91250 0.91160 0.06520 0.06480 X 0 INVESTMENT IN SUBSIDIARY 803697 C DUE FROM AFFILIATED ENTITIES 12762912 C REAL ESTATE HELD FOR INVESTMENT 1972254 C 15538863 SECURITY DEPOSITS 25125 DUE TO RELATED PARTIES 479638 PREPAID RENT 1757 CONTINGENCY FUND 65000 571520 X 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. 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, SEVEN CORNERS COMMUNITY HOUSING CORPORATION, AND TRELLIS CO. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS REVIEWED BEFORE FINALIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE DISCLOSURES ARE REVIEWED AT BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. THE 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G STAFF SUPPORT CONTRACT PAYMENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 160,477. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,477. FORM 990, PART XI, LINE 9: TRANSFER FROM WBCHC TO WBCDC -45,238. SETTLEMENT PROCEEDS 168,000. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. WBCDC RIVERSIDE INC 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLOS MN 55454 411949571 AFFORDABLE HOUSING MN 0 N/A WEST BANK COMMUNITY DEVELOPMENT CORPORATION 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 510168908 COMMUNITY DEVELOPMENT MN 501(C)3 LINE 10 WEST BANK COMMUNITY DEVELOPMENT 0 COMMUNITY HOUSING DEVELOPMENT CORPORATION 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 411699606 AFFORDABLE HOUSING MN 501(C)3 LINE 10 COMMUNITY HOUSING DEVELOPMENT CORPORATION 0 WB BLUE GOOSE LP 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 260726234 AFFORDABLE HOUSING MN N/A RELATED -150970 167883 0 1 0.00010 RIVERSIDE HOMES OF MINNEAPOLIS II LP 1808 RIVERSIDE AVENUE SOUTH MINNEAPOLIS MN 55454 823770313 AFFORDABLE HOUSING MN N/A 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WB BLUE GOOSE LP D 950000 COST WB BLUE GOOSE LP A 48296 COST