MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST BANK COMMUNITY DEVELOPMENT CORPORATION, founded in 1975, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $420K exceeded revenue, resulting in a 117% operating deficit.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $193,336 | $841,990 | -0.8% |
| Expenses | $419,944 | $376,051 | +0.1% |
| Net Income | $-226,608 | $465,939 | -1.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEN PRESLAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID SWANSON | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA SILVER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NIIOBLITE HARPER | ASSISTANT VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD SHEEHY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MUNA DALMAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FINTAN MOORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEB WOLKING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT TEMPLIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID HOFFMAN-DACHELET | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$117,085 | $4,684 | $121,769 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $193,336 | $419,944 | $1,951,567 | $-226,608 |
| 2024 | $841,990 | $376,051 | $2,174,676 | $465,939 |
| 2023 | $341,695 | $352,968 | $1,676,137 | $-11,273 |
| 2022 | $458,586 | $384,596 | $1,651,244 | $73,990 |
| 2021 | $503,443 | $416,389 | $1,621,311 | $87,054 |
| 2020 | $417,232 | $464,050 | $1,546,079 | $-46,818 |
| 2019 | $1,118,620 | $422,997 | $1,867,325 | $695,623 |
| 2018 | $364,750 | $386,952 | $1,172,774 | $-22,202 |
Compare WEST BANK COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Minnesota and across the country.