2011-05-05T13:00:38-05:00 2010-06-30 WIPFLI LLP 7601 FRANCE AVENUE SOUTH SUITE 400 MINNEAPOLIS MN 55435 990 2009-07-01 562379798 Glenwood Commons Inc GLEN 7152654271 PO Box 308 525 Second Street Glenwood City WI 54013 Peter Kilde 7152654271 2011-05-05 1 Richard Ruvelson 9525483400 2011-05-05 2009 2016-02-24 21:20:13Z Peter Kilde PO Box 308 525 Second Street Glenwood City MN 55412 54841 0 X n/a X 2008 WI To foster low-income housing 23 23 0 23 0 0 51614 0 2 2369 53985 0 0 0 0 0 11 40255 11 40255 -11 13730 3847883 11 3834164 -11 13719 1 0 40255 Glenwood Commons at June 30, 2010, was completing the construction of a 24 unit, 96 bed student housing project located in Rice Lake, Wisconsin. The housing project will house low-income students that attend both the University of Wisconsin-Barron and Wisconsin Indianhead Technical College-Rice Lake Campus. 2 market-units were being rented at June 30, 2010. 40255 1 1 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 23 23 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 WI X Lisa Smith 7152654271 PO Box 308 525 Second Street Glenwood City WI 54013 X Donna Cordes 1.00 X X 0 240 0 Peter Kilde 1.00 X X 0 97867 21056 Todd Groat 1.00 X X 0 0 0 Philip Verges 1.00 X X 0 210 0 Patsy Danovsky 1.00 X 0 0 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 0 0 Dawn Hemm 1.00 X 0 330 0 Sheila Stori 1.00 X 0 0 0 Patrick Milliren 1.00 X 0 0 0 Sheba Jamison 1.00 X 0 0 0 Mary Maier-Abel 1.00 X 0 300 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 0 270 0 Todd Solberg 1.00 X 0 0 0 Kelly Cain 1.00 X 0 0 0 Edna Forrest 1.00 X 0 90 0 Theresa Russell 1.00 X 0 0 0 Lisa Smith 1.00 X 0 64009 13831 0 163526 34887 0 0 0 0 0 51614 51614 2 2 3052 856 2196 2196 2196 Miscellaneous Revenue 900099 173 173 173 53985 0 0 2371 822 822 20387 20387 3548 3548 7761 7761 3262 3262 4475 4475 40255 40255 0 0 195650 3223 44 3644765 0 3644765 0 4201 0 3847883 192470 3637494 11 4200 11 3834164 X -11 13719 -11 13719 0 3847883 X 0 1 1 X 1 1 X 51614 51614 51614 51614 0 0 0 51614 3054 3054 3054 3054 173 173 54841 54841 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3644765 3644765 3644765 Tenants' security deposit payable 4200 4200 53985 40255 13730 0 13730 54841 856 856 53985 0 53985 41111 856 856 40255 0 40255 Part X: Description of Uncertain Tax Positions Under FIN 48: 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. Part XII, Line 2d - Other Adjustments: Rental Expenses: 856. Part XIII, Line 2d - Other Adjustments: Rental Expenses: 856. Form 990, Part III, line 2 New Program Services Development of housing neared completion and began rent-up at the end of the fiscal year with two market rate units being rented. 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. A vote is taken for approval of the 990 prior to filing. Form 990, Part VI, Section B, line 12 The organization will be implementing a conflict of interest policy during 2011. All board members will be 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 XI, 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 conflict of interest policy, and a rentention and destruction policy. These policies are intended to be adopted by the board of directors in the future. 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 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 West Cap Developer LLC 525 Second Street glenwood City WI 54013 141955785 low income housing project WI west central wisconsin community action agency inc n/a 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0