2018-11-15T16:13:36-06:00 2017-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2017-01-01 204361698 PLACE (PROJECTS LINKING ART COMMUNITY & PLAC 6513093889 100 PORTLAND AVENUE SOUTH NO 100 MINNEAPOLIS MN 55401 CHRIS VELASCO EXECUTIVE DIRECTOR 6513093889 2018-11-15 1 ROZALYN Z ALLYSON P00234621 6512276695 2018-11-15 173.160.107.97 2018-11-15 15:32:04 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8FCC0AE5B5C62EA2E1ECCE65A8D774828604CBA2 2017 2019-02-21 02:37:17Z CHRIS VELASCO 100 PORTLAND AVENUE SOUTH NO 100 MINNEAPOLIS MN 55401 963152 0 X WWW.WELCOMETOPLACE.ORG X 2006 MN TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME. 9 7 5 5 0 0 88935 109493 647496 853647 0 0 638 12 737069 963152 0 0 0 0 329102 368964 0 0 0 140171 261666 469273 630630 267796 332522 5755164 6314769 2940380 3167463 2814784 3147306 PLACE 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. 0 0 452381 853659 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. 452381 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 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 9 0 1 5 1 0 0 0 0 0 0 0 0 X 9 7 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 100 PORTLAND AVENUE SOUTH SUITE 100 MINNEAPOLIS MN 55401 CHRIS VELASCO PRESIDENT/EXECUTIVE DIRECT 60.00 X X 41154 0 93846 GARTH ROCKCASTLE CO-VICE PRESIDENT 5.00 X X 0 0 0 JONATHAN PEARLSTEIN DIRECTOR 2.00 X 0 0 0 CHARLES L RAISON MD DIRECTOR 2.00 X 0 0 0 ROMULO E SAMANIEGO CO-SECRETARY 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 ELIZABETH BOWLING DIRECTOR 40.00 X 33846 0 46154 75000 0 140000 1 0 0 0 0 60099 49394 109493 TECHNICAL ASSISTANCE 531390 580764 580764 PROGRAM LOAN INTEREST 531390 261701 261701 PARTNERSHIP FEE 531390 16299 16299 LOSS IN SLP INVESTMENT 531390 -5117 -5117 853647 MISCELLANEOUS REVENUE 900099 12 12 12 963152 853659 0 0 X 215000 165583 49417 117376 54143 63233 14301 9454 4847 22287 14733 7554 5373 5373 44082 19225 24857 119617 112753 6864 24 24 18797 12334 6463 19736 13047 6689 29466 29466 4327 2860 1467 5316 3514 1802 OTHER EXPENSES 11432 7561 3871 LICENSE AND FEES 3496 2311 1185 630630 452381 178249 0 15584 4516 60099 225984 480057 1163576 1163576 29336 16387 13772 12949 4336248 4593572 5755164 6314769 1229559 1415548 180821 221915 1530000 1530000 2940380 3167463 X 2792284 3147306 22500 0 2814784 3147306 5755164 6314769 332522 0 X X 0 1 X 1 0 X 1557 4460 63287 88935 109493 267732 1557 4460 63287 88935 109493 267732 267732 267732 3199514 1.00000 1.00000 X 29336 16387 12949 12949 N/R & ACC. INT. - WAV APT 4013362 C INVESTMENTS IN LLCS 580210 C 4593572 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 IN 2016. 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 221915 0 0 0 221915 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. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 112,753. MANAGEMENT AND GENERAL EXPENSES 6,864. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 119,617. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR. WAV PARTNERS LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE CA 16299 0 PLACE CREST OF THE WAV PARTNERS LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE CA 0 0 PLACE PLACE E-GENERATION ONE LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 204361698 RENTAL REAL ESTATE DE 0 0 PLACE WAV APARTMENTS PARTNERS LP 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 261911591 HOUSING - APTS CA N/A WAV CONDOMINIUMS LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 261911486 HOUSING - CONDOMINIUM SALES CA N/A SLP GREEN ENERGY LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 352491597 FOOD WASTE TO ENERGY AND FERTILIZER DE N/A PLACE ST LOUIS PARK LAUNCH EQUITY LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 810835820 REAL ESTATE DEVELOPMENT DE N/A 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 WAV APARTMENTS PARTNERS LP A 261701 LOAN INTEREST WAV APARTMENTS PARTNERS LP L 16299 ADMIN FEE PLACE ST LOUIS PARK LAUNCH EQUITY LLC C 60099 CAPITAL PAID IN