Overview
What is West Bank Community Development Corporation?
West Bank Community Development Corporation (WBCDC) is a community-driven organization based in Minneapolis, Minnesota. With a primary focus on the Cedar Riverside neighborhood, WBCDC takes responsibility for community-building and asset management decisions on behalf of its residents. The organization manages various affordable housing projects, commercial buildings, and property-owner public utilities within the area. By owning these assets, WBCDC enhances the local community's quality of life through maintaining and preserving affordable housing stock and commercial buildings. They also empower residents by involving them in decision-making processes related to these assets and providing institutional expertise on various development topics affecting the Cedar-Riverside area. With a team of 3 dedicated employees, WBCDC is committed to serving the needs of its community.
Official website here: www.wbcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The West Bank Community Development Corporation has achieved an impressive 100% score, reflecting its strong commitment to accountability and financial transparency. This high rating is derived entirely from its exemplary beacon score, indicating that the organization adheres to high standards in managing its finances and maintaining accountability to its stakeholders.
The organization benefits from a fully independent board, consisting of 11 members, and has implemented robust governance practices, including a conflict of interest policy and a whistleblower policy. Additionally, the lack of any material diversion of assets and a low liabilities-to-assets ratio further underscore its financial health and operational integrity.
However, while the data highlights the corporation's strengths in financial management and governance, it does not provide insights into the effectiveness of its programs or community impact. Future evaluations may benefit from a more comprehensive view that includes programmatic outcomes and beneficiary feedback.
This AI summary has been generated from information found on Charity Navigator.
Is West Bank Community Development Corporation legitimate?
West Bank Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Bank Community Development 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: $58,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,990
For more financial information, click here
Official website here: www.wbcdc.org
What is the mission statement of West Bank Community Development Corporation?
The West Bank Community Development Corporation, through its asset ownership, enhances the quality of life for its residents. By maintaining and preserving affordable housing stock and commercial buildings, the organization ensures access to suitable living spaces. Furthermore, it empowers residents by providing them a role in decision-making processes related to these assets. Additionally, the organization offers its institutional expertise on a broad range of development topics affecting the Cedar-Riverside area, thereby contributing to the community's growth and improvement.
Official website here: www.wbcdc.org
Who is the CEO of West Bank Community Development Corporation?
Tim Mungavan is the President of West Bank Community Development Corporation.
Official website here: www.wbcdc.org
What is the revenue of West Bank Community Development Corporation?
West Bank Community Development Corporation's revenue in 2022 was $458,586.
Official website here: www.wbcdc.org
Who are the executives of West Bank Community Development Corporation and what are their salaries?
The average compensation at West Bank Community Development Corporation during 2022 was $53,586. There are 3 employees and 20 volunteers at West Bank Community Development Corporation.
Here are 10 key members and their salaries:
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- Compensation: $56,509
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- Other: $2,260
Official website here: www.wbcdc.org
Where can I find the form 990 for West Bank Community Development Corporation?
West Bank Community Development 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 Development Corporation
The West Bank Community Development Corporation, as a nonprofit organization, enhances the living standards of its community members by managing and preserving affordable housing units and commercial buildings. By doing so, the corporation ensures that residents have a say in decision-making related to these assets, thereby empowering them in the process. Moreover, West Bank Community Development Corporation offers institutional expertise on a wide range of development topics that impact the Cedar-Riverside area, thereby contributing to the overall improvement of the community's quality of life.
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Impact
July, 2024
West Bank Community Development Corporation improves the quality of life for residents in the Cedar-Riverside neighborhood of Minneapolis by maintaining and preserving affordable housing stock and commercial buildings. They give residents a voice in decision-making processes related to these assets and provide institutional expertise on various development topics. Their impact is significant in fostering community improvement and sustainable development in the area.
This information is meant to be a general summary of West Bank Community Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $114
- Program Service Revenue: $347,099
- Gross Receipts: $458,586
Assets and Liabilities:
- Total Assets: $1,651,244
- Total Liabilities: $35,836
- Net Assets: $1,615,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT & MGMT FEE
Revenue
$312,198
OTHER INCOME
Revenue
$27,269
RENTAL REVENUES
Revenue
$7,632
Organization Details
Founding Year
1975
Phone
(612) 673-0478Principal Officer
Tim Mungavan
Main Address
1808 RIVERSIDE AVENUE SOUTH 201, MINNEAPOLIS, MN, 554541121
Website
www.wbcdc.orgNTEE Category
Code: S20 - Community improvement
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