West Bank Community Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411464428 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is West Bank Community Housing Corporation?

West Bank Community Housing Corporation is a nonprofit organization situated in Minneapolis, Minnesota, specifically at 1808 Riverside Avenue South 201. Its primary mission involves owning and maintaining both residential and commercial properties as long-term assets, primarily benefiting the residents of the Cedar-Riverside neighborhood. By doing so, the organization aims to enhance the quality of life for its residents by preserving and maintaining affordable housing and commercial buildings. Additionally, West Bank Community Housing Corporation empowers its residents by providing them a voice in decision-making processes related to these assets, as well as offering expert advice on various development topics affecting the Cedar-Riverside area.


Official website here: www.wbcdc.org

Is West Bank Community Housing Corporation legitimate?

West Bank Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Bank Community Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,215

For more financial information, click here


Official website here: www.wbcdc.org

What is the mission statement of West Bank Community Housing Corporation?

The West Bank Community Housing Corporation, through the ownership of various assets, enhances the quality of life for its residents. This is achieved by maintaining and preserving affordable housing stock and commercial buildings. Additionally, the organization gives residents a voice in the decision-making process related to these assets. Moreover, it provides institutional expertise on a wide variety of development topics affecting the community. The corporation's mission is aimed at improving the living conditions of its residents and contributing positively to the local development landscape.


Official website here: www.wbcdc.org

Who is the CEO of West Bank Community Housing Corporation?

Tim Mungavan is the President of West Bank Community Housing Corporation.


Official website here: www.wbcdc.org

What is the revenue of West Bank Community Housing Corporation?

West Bank Community Housing Corporation's revenue in 2022 was $1,080,414.


Official website here: www.wbcdc.org

Who are the executives of West Bank Community Housing Corporation and what are their salaries?

There 8 volunteers at West Bank Community Housing Corporation.


Here are 7 key members and their salaries:


Scott Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Preslan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mungavan (Treasurer)
  • Compensation: $0
  • Related: $56,509
  • Other: $2,260
Laura Silver (Vice Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hanninen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Swanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Walsh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wbcdc.org

Where can I find the form 990 for West Bank Community Housing Corporation?

West Bank Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wbcdc.org

Learn more at the official website: www.wbcdc.org

Mission Statement of West Bank Community Housing Corporation

West Bank Community Housing Corporation, as a nonprofit organization, enhances the living conditions of its residents by managing and preserving affordable housing and commercial buildings. This mission extends beyond mere property management, as the corporation also empowers residents by giving them a role in decision-making processes related to these assets. Furthermore, West Bank Community Housing Corporation offers its institutional expertise on various development topics that significantly impact the Cedar-Riverside area. By doing so, the organization contributes to improving the overall quality of life for its residents.

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Impact




October, 2024

West Bank Community Housing Corporation significantly enhances the quality of life for residents in the Cedar-Riverside neighborhood of Minneapolis. By owning and managing a portfolio of affordable housing and commercial properties, it ensures these vital assets are preserved and well-maintained. This commitment not only safeguards affordable living options but also fosters community stability and growth.

Residents benefit from having a voice in the decision-making processes regarding these properties, empowering them to influence their living environment. Furthermore, the organization provides valuable expertise on various development issues, addressing the unique challenges and opportunities within the community. Through these efforts, the West Bank Community Housing Corporation plays a crucial role in promoting sustainable living conditions and economic vitality in Cedar-Riverside.




This information is meant to be a general summary of West Bank Community Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,080,414 (2022)
Expenses
$560,762 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69,401
  • Program Service Revenue: $883,896
  • Gross Receipts: $1,080,414

Assets and Liabilities:

  • Total Assets: $14,944,714
  • Total Liabilities: $771,139
  • Net Assets: $14,173,575

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME ON RHI

Revenue

$450,225

RENTAL INCOME

Revenue

$405,163

DEVELOPMENT AND MANAGE

Revenue

$28,508

Organization Details

Founding Year

1982

Principal Officer

Tim Mungavan

Main Address

1808 RIVERSIDE AVENUE SOUTH 201, MINNEAPOLIS, MN, 554541121

NTEE Category

Code: L25 - Housing

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