2022-11-14T15:39:31-06:00 2021-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2021-01-01 204361698 PLACE (PROJECTS LINKING ART COMMUNITY & ENVIRONMENT) PLAC 6513093889 729 N WASHINGTON AVE 600 MINNEAPOLIS MN 55401 CHRIS VELASCO EXECUTIVE DIRECTOR 6513093889 2022-11-14 1 CHRIS VELASCO 999009999 ROZALYN Z ALLYSON P00234621 6512276695 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHRIS VELASCO 729 N WASHINGTON AVE 600 MINNEAPOLIS MN 55401 801378 0 X WWW.WELCOMETOPLACE.ORG X 2006 MN TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME. 10 8 5 21 0 0 708957 157713 389104 638147 0 5518 504 0 1098565 801378 0 0 0 0 358610 270424 0 0 0 252654 166210 611264 436634 487301 364744 10578533 11978252 6274420 7309395 4304113 4668857 PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE. 0 0 370586 638147 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. 370586 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 13 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MN X THE ORGANIZATION 6123093889 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 CHRIS VELASCO PRESIDENT/EXECUTIVE DIRECTOR 55.00 X X 20000 0 3600 GARTH ROCKCASTLE CO-VICE PRESIDENT 5.00 X X 0 0 0 KERRI STAHLECKER CO-VICE PRESIDENT 5.00 X X 0 0 0 BRENT WEBB TREASURER 5.00 X X 0 0 0 EMILY MONAREZ CO-SECRETARY 5.00 X X 0 0 0 ROMULO E SAMANIEGO CO-SECRETARY 5.00 X X 0 0 0 ELIZABETH BOWLING DIRECTOR 55.00 X 20000 0 3600 STACY GLOVKA DIRECTOR 5.00 X 0 0 0 JONATHAN PEARLSTEIN DIRECTOR 2.00 X 0 0 0 CHARLES L RAISON MD DIRECTOR 2.00 X 0 0 0 40000 0 7200 0 0 0 0 0 83288 74425 157713 PROGRAM LOAN INTEREST 531390 342563 342563 AFFORDABLE HOUSING SAL 531390 223501 223501 TECHNICAL ASSISTANCE 531390 55003 55003 PARTNERSHIP FEE 531390 18344 18344 LOSS IN SLP INVESTMENT 531390 -1264 -1264 638147 5018 5018 500 0 500 500 500 801378 638147 0 5518 47200 42008 5192 206095 183424 22671 17129 15245 1884 18509 18509 4980 4432 548 707 629 78 23578 20984 2594 17042 15167 1875 2548 2268 280 85500 76095 9405 835 743 92 2820 2510 310 OTHER EXPENSES 7007 6238 769 BAD DEBTS 1737 1737 LICENSE AND FEES 947 843 104 436634 370586 66048 0 10438 1289 500000 1508255 2353155 1163576 1163576 22665 22256 1244 409 7395020 8459823 10578533 11978252 2401820 4676935 2096445 861013 1641147 1636439 134193 134193 815 815 6274420 7309395 X 4304113 4668857 4304113 4668857 10578533 11978252 364744 0 X 0 1 X 1 0 X 109493 2030648 169249 708957 157713 3176060 109493 2030648 169249 708957 157713 3176060 72578 3103482 5000 5000 5018 15018 3191078 3313590 0.97250 0.99220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22665 22256 409 409 NOTES RECEIVABLE & ACCRUED INTEREST - WAV APT 5216738 C INVESTMENTS IN LLCS 3243085 C 8459823 FISCAL AGENT FUNDS 815 815 X 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. THE PARTNERSHIP AND SLP COMPANY ARE NOT TAXABLE ENTITIES. ELIZABETH BOWLING DIRECTOR ON THE BOARD OPERATING EXPENSES X 66119 861013 0 0 0 861013 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 15 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. WAV PARTNERS LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE CA 18272 0 PLACE CREST OF THE WAV PARTNERS LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE CA 0 0 PLACE PLACE E-GENERATION ONE LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE DE -1264 0 PLACE WAV CONDOMINIUMS LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 261911486 MANAGING COMMERCIAL SPACE AT WAV WHICH IT MASTER LEASES CA N/A 0 1 WAV APARTMENTS PARTNERS LP 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 261911591 AFFORDABLE HOUSING - APARTMENTS CA N/A 0 1 SLP GREEN ENERGY LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 352491597 FOOD WASTE TO ENERGY AND FERTILIZER DE N/A 0 1 PLACE ST LOUIS PARK LAUNCH EQUITY LLC 729 N WASHINGTON AVE SUITE 600 MINNEAPOLIS MN 55401 810835820 REAL ESTATE DEVELOPMENT DE N/A 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 WAV APARTMENTS PARTNERS LP A 342563 LOAN INTEREST WAV APARTMENTS PARTNERS LP L 18344 ADMIN FEE