WEST BANK COMMUNITY HOUSING CORPORATION

EIN: 411464428 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$1,076,210
Total Expenses
$551,488
Total Assets
$16,983,703
Net Assets
$16,291,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MN
Principal Officer
DAVID HOFFMAN-DACHELET
Phone
6126730477
Tax Period
2024-07-01 to 2025-06-30

WEST BANK COMMUNITY HOUSING CORPORATION, founded in 1982, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $525K, a strong 49% operating margin.

Mission

THROUGH THE OWNERSHIP OF VARIOUS ASSETS, THE ORGANIZATION IMPROVES THE QUALITY OF LIFE OF RESIDENTS BY MAINTAINING AND PRESERVING AFFORDABLE HOUSING STOCK AND COMMERCIAL BUILDINGS, GIVING RESIDENTS A VOICE IN THE DECISION MAKING PROCESS RELATED TO THOSE ASSETS, AND PROVIDING INSTITUTIONAL EXPERTISE ON A WIDE-VARIETY OF DEVELOPMENT TOPICS AFFECTING THE CEDAR-RIVERSIDE AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $47,500
Program Service Revenue $947,826
Investment Income $80,884
Other Revenue $0
TOTAL REVENUE $1,076,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,061
Fundraising Expenses $0
Program Expenses $539,165
Other Expenses $536,427
TOTAL EXPENSES $551,488

Year-over-Year Comparison

2024 2023 Change
Revenue $1,076,210 $943,206 +0.1%
Expenses $551,488 $703,172 -0.2%
Net Income $524,722 $240,034 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$121,769
Total Directors
7
$121,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WILLIAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
KEN PRESLAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM MUNGAVAN TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN HANNINEN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SWANSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HOFFMAN-DACHELET VICE TREASURER 1.00
Officer Director
$0 $4,684 $121,769
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,076,210 $551,488 $16,983,703 $524,722
2024 $943,206 $703,172 $16,560,228 $240,034
2023 $958,515 $606,605 $16,188,540 $351,910
2022 $1,080,414 $560,762 $14,944,714 $519,652
2021 $960,525 $503,604 $14,514,068 $456,921
2020 $1,737,635 $580,688 $13,851,154 $1,156,947
2019 $652,452 $368,234 $12,286,346 $284,218
2018 $425,608 $387,130 $3,313,865 $38,478
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