2012-12-18T12:59:22-06:00 2011-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2011-01-01 204361698 PLACE (PROJECTS LINKING ART COMMUNITY & ENVIRONMENT) PLAC 6123093889 100 PORTLAND AVENUE SOUTH NO 100 MINNEAPOLIS MN 55401 CHRIS VELASCO 6123093889 2012-12-14 1 LINDA M NELSON P00205567 6514834521 2011 2016-02-24 21:20:13Z X CHRIS VELASCO 100 PORTLAND AVENUE SOUTH NO 100 MINNEAPOLIS MN 55401 797750 0 X WELCOMETOPLACE.COM X 2006 MN TO BUILD A SUSTAINABLE, JUST, AND INSPIRING WORLD, ONE COMMUNITY AT A TIME. 8 6 1 7 0 0 131351 7411 100660 331356 268 -2448 0 455269 232279 791588 0 0 0 0 143481 144966 0 0 0 110992 239156 254473 384122 -22194 407466 2326464 3923170 1700699 2214214 625765 1708956 X 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 299593 786625 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. WITHIN ITS CHARITABLE MISSION PLACE FOCUSES ON SEVERAL AREAS: LINKING, ART, COMMUNITY, AND ENVIRONMENT. 1) LINKING PEOPLE, NEEDS AND OPPORTUNITIES, DELIVERING A SATISFYING COMMUNITY DEVELOPMENT PROCESS, NOT JUST A PRODUCT. 2) MAKING THE ARTS ACCESSIBLE TO PEOPLE OF ALL INCOMES. 3) BUILDING FLOURISHING COMMUNITIES BY MIXING ETHNICITY, INCOME, AND ACTIVITY. 4) INNOVATING SO THAT INSPIRING PLACES WILL BE GREEN AS WELL AS EXCITING, AFFORDABLE, AND DURABLE. IN 2011, PLACE CONTINUED RESEARCH AND DEVELOPMENT TO CREATE REPLICABLE MODELS TO IMPROVE COMMUNITIES IN KEEPING WITH PLACE'S MISSION. PLACE WAS INVITED TO SPEAK AT AND PARTICIPATE IN THE AMERICAN ARCHITECTURAL FOUNDATION'S SUSTAINABLE CITIES DESIGN ACADEMY.ZERO WASTE AND E-GENERATION COMMUNITY MODELS:PLACE CONTINUED TO WORK WITH ENGINEERS, CITY OFFICIALS, AND COMMUNITIES TO DEVELOP AN URBAN-BUILDING-SCALE WASTE-TO-ENERGY PHYSICAL PLANT AND ECONOMIC MODEL THAT WOULD CONVERT MORE WASTE THAN A PLACE COMMUNITY MAKES TO MORE ENERGY THAN THAT PLACE COMMUNITY NEEDS, GOING BEYOND ZERO-ENERGY TO FEEDING THE SURROUNDING GRID. THERE ARE NOW PROOF OF CONCEPT MODELS IN OPERATION AROUND THE COUNTRY. PLANS ARE UNDERWAY TO INCLUDE THIS TECHNOLOGY IN PLACE'S PORTFOLIO OF GREEN ENERGY OPTIONS FOR ITS NEXT COMMUNITY.BEGINNING IN 2011, PLACE BECAME SUSTAINABILITY CHAMPION FOR A CHARITY THAT DEVELOPS, MANAGES, AND MAINTAINS HIGH-QUALITY LOW-INCOME HOUSING AND SUPPORTIVE HOUSING THROUGHOUT THE TWIN CITIES. PROVIDING THE EXTERNAL CAPACITY NEEDED BY OTHER CHARITY IN THE AREA OF ENVIRONMENTAL INNOVATION AND IMPLEMENTATION, PLACE IS ASSISTING IN CREATING THE FIRST ZERO-ENERGY MULTIFAMILY COMPLEX IN MINNESOTA, WHICH WILL BE AFFORDABLE TO ALL INCOME LEVELS.IN LATE 2011, PLACE WAS ALSO INVITED TO CONDUCT A SITE VISIT TO CONSIDER CREATING AN ARTS AND TECHNOLOGY COMPLEX FOR A UNIQUE SOUTHWESTERN CITY WHOSE DOWNTOWN IS VERY MUCH IN NEED A CATALYTIC REVITALIZATION PROJECT. THAT WORK HAS CONTINUED INTO 2012 WITH A COMMUNITY PROCESS AND THE CREATION OF A FULL-SCALE IMPLEMENTATION PLAN.WAV (WORKING ARTISTS VENTURA):PLACE'S WAV PROJECT INCLUDES 54 LIVE/WORK APARTMENTS SPECIALLY DESIGNED FOR LOW-INCOME ARTISTS AND 15 PERMANENT SUPPORTIVE HOUSING APARTMENTS FOR FORMERLY HOMELESS FAMILIES AND INDIVIDUALS. AS PART OF WAV, PLACE LAUNCHED ITS FIRST HAPPINESS STUDY TO TRACK THE WELL-BEING OF ITS RESIDENTS RELATIVE TO NONRESIDENTS FROM THE SURROUNDING AREA.THE DEVELOPMENT ALSO INCLUDES SMALL-BUSINESS RETAIL SPACE AND 13 SOLAR PENTHOUSES. IN ALL, WAV PROVIDES AFFORDABLE PERMANENT HOUSING TO MORE THAN 100 PEOPLE, AND WORKSPACE FOR AT LEAST 112 WORKING ARTISTS. PROJECT UNDERSTANDING, THE SUPPORTIVE SERVICES PROVIDER, HAS BEEN ON SITE PROVIDING SERVICES SINCE NOVEMBER 2009. THERE HAVE BEEN SEVERAL FAMILIES REUNIFIED AS A RESULT OF THE SUPPORTIVE HOUSING. AND AN UNEXPECTEDLY LARGE NUMBER OF HOMELESS CHILDREN (19) ARE NOW IN HEALTHY, GREEN HOMES. THE WAV'S GREEN FEATURES INCLUDE THE USE OF PHOTOVOLTAIC ENERGY, RECYCLED BUILDING MATERIALS, ENERGY EFFICIENT APPLIANCES, CAR SHARING, AND OTHER SUSTAINABLE DESIGN PRACTICES RELATED TO WATER AND ENERGY CONSERVATION. THE ENTIRE WAV PROJECT WAS BUILT TO LEED STANDARDS, AND WILL LIKELY RECEIVE A GOLD CERTIFICATION. WAV HAS ENHANCED VENTURA'S ARTS COMMUNITY BY PROVIDING FREE THEATER/GALLERY SPACE AND A VIBRANT COMMUNITY OF ARTISTS WHO PARTICIPATE IN AND HOST ART WALKS AND OTHER PUBLIC GATHERINGS CELEBRATING THE ARTS. 299593 1 0 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 1 0 0 0 0 1 1 1 0 0 0 1 11 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 8 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 1 1 MN CA X THE ORGANIZATION 6123093889 100 PORTLAND AVENUE SOUTH SUITE 100 MINNEAPOLIS MN 55401 CHRIS VELASCO PRESIDENTSECRETARY 60.00 X X 98366 0 0 GARTH ROCKCASTLE 5.00 X X 0 0 0 JONATHAN PEARLSTEIN 5.00 X X 0 0 0 ELIZABETH BOWLING 10.00 X 0 0 0 KRISTIN HANSON 1.00 X 0 0 0 LOREN HENNING 1.00 X 0 0 0 CHARLES L RAISON MD 2.00 X 0 0 0 ROMULO E SAMANIEGO 2.00 X 0 0 0 98366 0 0 0 0 0 0 0 7411 7411 ADVISORY SERVICES 531390 180716 180716 PROGRAM LOAN INTEREST 531390 150640 150640 331356 3714 6162 -2448 -2448 -2448 SETTLEMENT INCOME 900099 455269 455269 455269 791588 786625 0 -2448 X 134638 104457 30181 10328 8263 2065 20884 20629 255 30624 30624 17597 17597 2967 2967 24673 13603 11070 8241 8241 13191 13136 55 3015 2339 676 2650 2056 594 1570 1218 352 WAV RETAIL LEASE 109649 109649 STATE REGISTRATIONS 1855 1439 416 CONCERT ART SERIES 1706 1706 THEATRE GALLERY 534 534 384122 299593 84529 0 1417 108516 35058 10640 5012 5312 5628 2319735 3773968 2326464 3923170 619670 581109 181029 103105 900000 1530000 1700699 2214214 X 535765 1707739 90000 1217 625765 1708956 2326464 3923170 X 407466 675725 X 0 1 0 X 0 X 530181 552407 367471 131351 7411 1588821 530181 552407 367471 131351 7411 1588821 58134 1530687 2242 140 3 268 2653 1808 1808 1593282 1146328 0.96070 0.96240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE 10640 5012 5628 5628 N/R & ACC. INT. - WAV APT 3773968 C 3773968 791588 384122 407466 675725 675725 1083191 791588 0 791588 0 791588 384122 0 384122 0 384122 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PLACE IS A MINNESOTA NON-PROFIT 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 BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2011. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND THREE PREVIOUS YEARS OF INCOME TAX RETURNS. PLACE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 8 - OTHER ADJUSTMENTS: RESTATEMENT OF PRIOR YEARS' NET ASSETS DUE TO CORRECTION OF WAV PROJECT SPONSOR LOAN RELATING TO MULTIPLE YEARS 675,725. ELIZABETH BOWLING OPERATING EXPENSES X 66119 103105 0 0 0 CHRIS VELASCO OPERATING EXPENSES X 55641 0 0 0 0 103105 ELIZABETH BOWLING BOARD OF DIRECTORS 19797 LEGAL/CONSULTING 0 EXPLANATION OF FORM 990 AMENDMENT: FORM 990, PAGE 1, ITEM B - AMENDED RETURN THE 2011 FORM 990 FOR PLACE IS BEING AMENDED TO CORRECT THE FINANCIAL INFORMATION ON THE RETURN. THE ORGANIZATION'S CERTIFIED AUDIT HAD NOT BEEN COMPLETED WHEN THE ORIGINAL RETURN WAS FILED ON NOVEMBER 15, 2012. THE INFORMATION WHICH CHANGED FROM THE ORIGINAL RETURN TO REPORT THE ORGANIZATION'S AUDIT INCLUDES: FORM 990, PART I - CURRENT YEAR REVENUE AND EXPENSES FORM 990, PART VIII - STATEMENT OF REVENUE FORM 990, PART IX - STATEMENT OF FUNCTIONAL EXPENSES FORM 990, PART X - END OF YEAR BALANCE SHEET FORM 990, PART XI - RECONCILIATION OF NET ASSETS SCHEDULE D , PARTS XI, XII AND XIII - RECONCILIATION WITH AUDITED FINANCIAL STATEMENTS. 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 11 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 FORMS ARE DISTRIBUTED AT THE ANNUAL MEETINGS AND ARE COLLECTED AT THAT TIME; IF FORMS HAVE NOT BEEN COMPLETED, THE PRESIDENT CIRCULATES REMINDERS AND COLLECTS THE OUTSTANDING FORMS FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR EXECUTIVE COMPENSATION REVIEW HAS NOT OCCURRED IN THREE 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 5: COMPENSATION TO CURRENT OFFICERS INCLUDES ACCRUED WAGES OF $36,272 FOR CHRIS VELASCO, CHIEF EXECUTIVE OFFICER. TOTAL ACCRUED COMPENSATION INCLUDED IN ACCOUNTS PAYABLE AT THE END OF 2011 IS $364,159. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RESTATEMENT OF PRIOR YEARS' NET ASSETS DUE TO CORRECTION OF WAV PROJECT SPONSOR LOAN RELATING TO MULTIPLE YEARS 675,725. TOTAL TO FORM 990, PART XI, LINE 5: 675,725. WAV PARTNERS LLC 100 PORTLAND AVENUE S SUITE 100 MINNEAPOLIS MN 55401 204361698 MANAGEMENT, HOUSING CA 13179 0 PLACE CREST OF THE WAV PARTNERS LLC 100 PORTLAND AVENUE S SUITE 100 MINNEAPOLIS MN 55401 204361698 MANAGEMENT, HOUSING CA 0 0 PLACE WAV APARTMENTS PARTNERS LP 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 261911591 HOUSING-APTS CA WAV PARTNERS LLC RELATED 13179 3369906 0 1 0.00500 WAV CONDOMINIUMS LLC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 HOUSING-CONDOMINIUM SALES CA CREST OF THE WAV PARTNERS LLC RELATED 1286018 0 1 0.50000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WAV APARTMENT PARTNERS LP D 812500 COST