BETA

PLACE: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PLACE (EIN 20-4361698)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202023219349314502
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-16T14:28:37-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411647057PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAHONEYULBRICHCHRISTIANSEN & RUSS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 RIVER PARK PLAZA SUITE 800AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55107ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204361698EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PLACE (PROJECTS LINKING ART COMMUNITY &BusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPLACBusinessNameControlTxt
Phone6513093889PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 N WASHINGTON AVE NO 600AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRIS VELASCOPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6513093889PhoneNum
Signature2020-11-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROZALYN Z ALLYSONPreparerPersonNm
PTINP00234621PTIN
Phone6512276695PhoneNum
Preparation2020-11-16PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.118.61.118IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-16IPDt
IP Tm13:55:12IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id0BDA04B339FF70C09AE05439A08FA642BC46D88AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerCHRIS VELASCOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 N WASHINGTON AVE NO 600AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$870,875GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WELCOMETOPLACE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,030,648PYContributionsGrantsAmt
CY Contributions Grants$169,249CYContributionsGrantsAmt
PY Program Service Revenue$737,643PYProgramServiceRevenueAmt
CY Program Service Revenue$694,891CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$5,000CYInvestmentIncomeAmt
PY Other Revenue$29PYOtherRevenueAmt
CY Other Revenue$1,735CYOtherRevenueAmt
PY Total Revenue$2,768,320PYTotalRevenueAmt
CY Total Revenue$870,875CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$415,652PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$395,010CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$155,910PYOtherExpensesAmt
CY Other Expenses$2,003,117CYOtherExpensesAmt
PY Total Expenses$571,562PYTotalExpensesAmt
CY Total Expenses$2,398,127CYTotalExpensesAmt
PY Revenues Less Expenses$2,196,758PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,527,252CYRevenuesLessExpensesAmt
Total Assets BOY$9,327,855TotalAssetsBOYAmt
Total Assets EOY$9,674,029TotalAssetsEOYAmt
Total Liabilities BOY$3,983,791TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,857,217TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,344,064NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,816,812NetAssetsOrFundBalancesEOYAmt
MissionPLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE STATE-OF-THE-ART BUILDINGS AND MORE, ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$593,723ExpenseAmt
Revenue$696,626RevenueAmt
DescPLACE 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.Desc
Total Program Service Expenses$593,723TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee5EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6123093889PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1729 N WASHINGTON AVE SUITE 600AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHRIS VELASCO
PRESIDENT/EXECUTIVE DIRECTOR55.00Yes (X)Yes (X)$21,731$0$116,869
GARTH ROCKCASTLE
CO-VICE PRESIDENT5.00Yes (X)Yes (X)$0$0$0
JONATHAN PEARLSTEIN
DIRECTOR2.00Yes (X)$0$0$0
CHARLES L RAISON MD
DIRECTOR2.00Yes (X)$0$0$0
ROMULO E SAMANIEGO
CO-SECRETARY5.00Yes (X)Yes (X)$0$0$0
KERRI STAHLECKER
CO-VICE PRESIDENT5.00Yes (X)Yes (X)$0$0$0
BRENT WEBB
TREASURER5.00Yes (X)Yes (X)$0$0$0
EMILY MONAREZ
CO-SECRETARY5.00Yes (X)Yes (X)$0$0$0
ELIZABETH BOWLING
DIRECTOR55.00Yes (X)$15,385$0$68,215
SARA KRUJENSTERNA
DIRECTOR EMERITUS5.00Yes (X)$0$0$0
JESSICA TURTLE
DIRECTOR5.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$37,116TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$185,084TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$169,249AllOtherContributionsAmt
Total Contributions$169,249TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TECHNICAL ASSISTANCE531390$403,025$403,025
PROGRAM LOAN INTEREST531390$279,633$279,633
PARTNERSHIP FEE531390$17,291$17,291
LOSS IN SLP INVESTMENT531390-$5,058-$5,058
FieldValueIRS element (for citing)
Total Program Service Revenue$694,891TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,000TotalRevenueColumnAmt
Exclusion$5,000ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WORKERS COMPENSATION R900099$1,724$1,724
MISCELLANEOUS REVENUE900099$11$11
FieldValueIRS element (for citing)
Other Revenue Total$1,735OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$870,875TotalRevenueColumnAmt
Related Or Exempt Func Income$696,626RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,000ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$222,200TotalAmt
Program Services$164,978ProgramServicesAmt
Management And General$57,222ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$140,428TotalAmt
Program Services$95,903ProgramServicesAmt
Management And General$44,525ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,043TotalAmt
Program Services$2,755ProgramServicesAmt
Management And General$1,288ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$28,339TotalAmt
Program Services$20,375ProgramServicesAmt
Management And General$7,964ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,259TotalAmt
Program Services$6,657ProgramServicesAmt
Management And General$2,602ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,721TotalAmt
Program Services$37,188ProgramServicesAmt
Management And General$14,533ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$9,647TotalAmt
Program Services$9,647ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,917TotalAmt
Program Services$5,695ProgramServicesAmt
Management And General$2,222ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,584TotalAmt
Program Services$6,171ProgramServicesAmt
Management And General$2,413ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$34,772TotalAmt
Program Services$25,002ProgramServicesAmt
Management And General$9,770ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$35,827TotalAmt
Program Services$25,760ProgramServicesAmt
Management And General$10,067ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,658TotalAmt
Program Services$2,630ProgramServicesAmt
Management And General$1,028ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,138TotalAmt
Program Services$1,537ProgramServicesAmt
Management And General$601ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
BAD DEBTS$1,576,138$1,576,138
OTHER EXPENSES$257,857$72,458$185,399
LICENSE AND FEES$5,599$1,573$4,026

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,398,127TotalAmt
Program Services$593,723ProgramServicesAmt
Management And General$1,804,404ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$116,524BOYAmt
EOY$67,067EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,015,832BOYAmt
EOY$133,397EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,174,290BOYAmt
EOY$1,446,340EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,163,576BOYAmt
EOY$1,163,576EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$26,728LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$22,910LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,476BOYAmt
EOY$3,818EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$5,850,157BOYAmt
EOY$6,859,831EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,327,855BOYAmt
EOY$9,674,029EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,875,638BOYAmt
EOY$2,340,150EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$443,307BOYAmt
EOY$1,851,945EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,530,000BOYAmt
EOY$1,530,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$134,193BOYAmt
EOY$134,193EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$653BOYAmt
EOY$929EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,983,791BOYAmt
EOY$5,857,217EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,344,064BOYAmt
EOY$3,816,812EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,344,064BOYAmt
EOY$3,816,812EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,327,855BOYAmt
EOY$9,674,029EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,527,252ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$63,287CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$88,935CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$109,493CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,030,648CurrentTaxYearMinus1YearAmt
Current Tax Year$169,249CurrentTaxYearAmt
Total$2,461,612TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$63,287CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$88,935CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$109,493CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,030,648CurrentTaxYearMinus1YearAmt
Current Tax Year$169,249CurrentTaxYearAmt
Total$2,461,612TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,461,612PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$5,000CurrentTaxYearAmt
Total$5,000TotalAmt
FieldValueIRS element (for citing)
Total Support$2,466,612TotalSupportAmt
Gross Receipts Rltd Activities$3,875,697GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99800PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,728OtherCostOrOtherBasisAmt
Depreciation$22,910DepreciationAmt
Book Value$3,818BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,818TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NOTES RECEIVABLE & ACCRUED INTEREST - WAV APT$4,554,024C
INVESTMENTS IN LLCS$2,305,807C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$6,859,831TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescFISCAL AGENT FUNDSDesc
Amt$929Amt
FieldValueIRS element (for citing)
Total Liability$929TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationPLACE 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.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan To OrganizationLoanToOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
ELIZABETH BOWLING
DIRECTOR ON THE BOARDOPERATING EXPENSESYes (X)$66,119$736,512000
VELASCO TRUST
A DIRECTOR IS A DISCRETIONARY INCOME BENEFICIARY OF THE TRUSTOPERATING EXPENSESYes (X)$1,115,433$1,115,433000
FieldValueIRS element (for citing)
Total Balance Due$1,851,945TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2CHRIS VELASCO (PRESIDENT) AND ELIZABETH BOWLING (FOUNDING BOARD MEMBER) HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11BFORM 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 12CTHE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART VI, SECTION B, LINE 15THE 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 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
WAV PARTNERS LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401204361698RENTAL REAL ESTATECA$17,235$0PLACE
CREST OF THE WAV PARTNERS LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401204361698RENTAL REAL ESTATECA$0$0PLACE
PLACE E-GENERATION ONE LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401204361698RENTAL REAL ESTATEDE-$5,058$0PLACE

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
WAV CONDOMINIUMS LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401261911486HOUSING - CONDOMINIUM SALESCAN/A
WAV APARTMENTS PARTNERS LP
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401261911591HOUSING - APTSCAN/A
SLP GREEN ENERGY LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401352491597FOOD WASTE TO ENERGY AND FERTILIZERDEN/A
PLACE ST LOUIS PARK LAUNCH EQUITY LLC
729 N WASHINGTON AVE SUITE 600MINNEAPOLISMN55401810835820REAL ESTATE DEVELOPMENTDEN/A
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
WAV APARTMENTS PARTNERS LP
A$279,633LOAN INTEREST
WAV APARTMENTS PARTNERS LP
L$17,291ADMIN FEE

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.