West Bank Community Development Corporation

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

EIN: 510168908 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Tim Mungavan (Executive Director)
  • Compensation: $56,509
  • Related: $0
  • Other: $2,260

    • Ken Preslan (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Swanson (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Silver (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Niioblite Harper (Assistant Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Krohling (Assistant Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Sheehy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Muna Dalmar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Swenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Byrnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wbcdc.org

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

    The 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.

    Impact

    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.




    Wednesday, July 24, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Tim Mungavan

    Main Address

    1808 RIVERSIDE AVENUE SOUTH 201, MINNEAPOLIS, MN, 554541121

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of West Bank Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.