2012-05-15T09:41:55-05:00 2011-06-30 WIPFLI LLP 7601 FRANCE AVENUE SOUTH SUITE 400 MINNEAPOLIS MN 55435 990 2010-07-01 562379798 GLENWOOD COMMONS INC GLEN 7152654271 PO BOX 308 525 SECOND STREET GLENWOOD CITY WI 54013 PETER KILDE 7152654271 2012-05-11 1 RICHARD RUVELSON 9525483400 2012-05-11 2010 2016-02-24 21:20:13Z PETER KILDE PO BOX 308 525 SECOND STREET GLENWOOD CITY MN 55412 423705 0 X N/A X 2008 WI TO FOSTER LOW-INCOME STUDENT HOUSING 23 23 0 0 0 0 51614 0 0 205040 2 2172 2369 216493 53985 423705 0 0 0 0 0 16357 0 0 0 40255 401368 40255 417725 13730 5980 3847883 4309781 3834164 4290082 13719 19699 X NONE 0 0 403106 184763 GLENWOOD COMMONS PROVIDES LOW INCOME AND STUDENT HOUSING TO INDIVIDUALS RESIDING IN AND OR ATTENDING ONE OF THE TWO PUBLIC COLLEGES IN RICE LAKE, WISCONSIN.WORKING CLOSELY WITH THE LEADERSHIP OF WISCONSIN INDIANHEAD TECHNICAL COLLEGE (WITC) AND THE UNIVERSITY OF WISCONSIN-BARRON COUNTY (UW-BC), BOTH LOCATED IN RICE LAKE, WISCONSIN, GLENWOOD COMMONS HAS SINCE IT OPENED SERVED AS A RESIDENCE FOR STUDENTS. UNTIL GLENWOOD COMMONS OPENED THERE WERE FEW, IF ANY OPTIONS FOR STUDENTS TO LIVE NEAR EITHER CAMPUS. WITH AN ON-SITE RESIDENT ASSISTANT, POD DESIGNED ROOMS (TYPICAL OF MODERN RESIDENCE HALLS) AND COLLEGIAL STUDY AREAS, THE FACILITY OFFERS STUDENTS AT BOTH COLLEGES THE OPPORTUNITY TO LIVE CLOSE TO AND WALK TO SCHOOL. FROM THE OUTSET, LEADERSHIP OF THE TWO COLLEGES HAS BEEN INVOLVED IN THE ADMINISTRATION AND DIRECTION OF THE ORGANIZATION WHICH BOTH SCHOOLS HAVE FUNDED. 403106 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 WI X LISA SMITH 7152654271 PO BOX 308 525 SECOND STREET GLENWOOD CITY WI 54013 DONNA CORDES 1.00 X X 0 240 0 PETER KILDE 1.00 X X 0 98771 22101 TODD GROAT 1.00 X X 0 210 0 PHILIP VERGES 1.00 X X 0 205 0 PAUL STREIF 1.00 X 0 0 0 RICHARD PECHA 1.00 X 0 0 0 BENJAMIN PLUNKETT 1.00 X 0 0 0 TOM ETMUND 1.00 X 0 30 0 DAWN HEMM 1.00 X 0 300 0 SHEILA STORI 1.00 X 0 0 0 PATRICK MILLIREN 1.00 X 0 0 0 MARY MAIER-ABEL 1.00 X 0 210 0 LARRY JEPSEN 1.00 X 0 0 0 TANYA EMERY-DENMAN 1.00 X 0 210 0 ESTHER WENTZ 1.00 X 0 0 0 DALE FENTON 1.00 X 0 0 0 MARY VAN NORMAN 1.00 X 0 300 0 TODD SOLBERG 1.00 X 0 0 0 EDNA FORREST 1.00 X 0 270 0 THERESA RUSSELL 1.00 X 0 180 0 ELWIN FEDLE 1.00 X 0 90 0 KELLY CAIN 1.00 X 0 90 0 SHEBA JAMISON 1.00 X 0 150 0 PATSY DANOVSKY 1.00 X 0 60 0 0 101316 22101 0 0 0 0 0 RENTAL REVENUE 531110 184763 184763 OTHER TENANT REVENUE 531110 20277 20277 205040 2172 2172 HAIL CASUALTY GAIN 900099 216493 216493 216493 423705 184763 0 238942 16357 16357 6519 6519 1200 1200 6900 6900 14540 14540 23497 23497 6298 6298 42632 42632 169097 169097 121085 121085 4143 4143 BAD DEBT EXPENSE 4000 4000 OTHER EXPENSES 1457 1457 417725 403106 14619 0 195650 3223 236602 44 5528 2550 3787214 121085 3644765 3666129 4201 398972 3847883 4309781 192470 182432 1050 3637494 4100000 4200 6600 3834164 4290082 X 13719 19699 13719 19699 3847883 4309781 5980 0 X X 0 1 1 X 0 X 51614 51614 184763 184763 173 20277 20450 51787 205040 256827 0 0 0 256827 3054 2172 5226 3054 2172 5226 216493 216493 54841 423705 478546 X 161500 161500 3325774 101621 3224153 181837 181837 118103 19464 98639 3666129 TENANTS' SECURITY DEPOSITS 6635 DEBT SERVICE RESERVE 358007 OPERATING RESERVE 34330 398972 TENANTS' SECURITY DEPOSIT PAYABLE 6600 6600 423705 417725 5980 0 5980 423705 0 423705 0 423705 417725 0 417725 0 417725 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS ONLY BEEN IN EXISTENCE FOR TWO YEARS, ALL FEDERAL RETURNS FILED TO DATE REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO INCLUDE A NON-DISCRIMINATION POLICY, CONFLICT OF INTEREST POLICY AND CHANGE THE LANGUAGE FROM VICE PRESIDENT TO EXECUTIVE VICE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES GRANTED AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO COMPLETE THE DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS. EVERY THREE YEARS A SEALED BID PROCESS WILL BE COMPLETED. THEY WILL BE REVIEWED AND APPROVED BY THE MANAGEMENT COMPANY WITH INFORMATION AND RECOMMENDATION PROVIDED TO THE LENDER (USDA/RD) FOR APPROVAL. FORM 990, PART VI SECTION B POLICIES THE MANAGEMENT COMPANY, WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY, INC, HAS A DOCUMENT RETENTION AND DESTRUCTION POLICY. GLENWOOD COMMONS, INC. DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A WHISTLEBLOWER POLICY NOR PROCESS FOR DETERMINING COMPENSATION. WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC PO BOX 308 525 SECOND STREET GLENWOOD CITY WI 54013 391076125 COMMUNITY SERVICES FOR LOW-INCOME WI 501(C)(3) LINE 7 N/A 0 COLFAX PRAIRE HOMES LP 525 SECOND STREET GLENWOOD CITY WI 54013 391865379 LOW INCOME HOUSING PROJECT WI WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC N/A 0 0 SUNRISE MEADOW LP 525 SECOND STREET GLENWOOD CITY WI 54013 391912616 LOW INCOME HOUSING PROJECT WI WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC N/A 0 0 ELLSWORTH TOWNHOMES LP 525 SECOND STREET GLENWOOD CITY WI 54013 392029650 LOW INCOME HOUSING PROJECT WI WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC N/A 0 0 ST CROIX FALLS TOWNHOMES LLC 525 SECOND STREET GLENWOOD CITY WI 54013 760743815 LOW INCOME HOUSING PROJECT WI WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC N/A 0 0 SUNRISE MEADOW II LLC 525 SECOND STREET GLENWOOD CITY WI 54013 342057283 LOW INCOME HOUSING PROJECT WI WEST CENTRAL WISCONSIN COMMUNITY ACTION AGENCY INC N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0