[Mpls] PPL -- "housing the gang bangers of Minnesota"

[Bill Cullen]

An alert reader sent me the 2003 tax return for PPL.  

Data from PPL's first page of their 990 tax form:
 
Total revenue:   $12,638,071
Total Expenses:  $ 9,045,437
Excess income:   $ 3,592,634

On page 3 of the balance sheet, PPL's "Cash - non-interest-bearing" account
was $6,128,302 at the end of 2003 year.  Total assets is listed at over $18
million dollars.

Is PPL a responsible property owner?  $6 million dollars in the bank,
substantially funded by the government, admit they have "had drug dealers in
the parking lot for years," and claim they cannot afford security.

Regards, Bill Cullen
Whittier "evil" for profit landlord (helping PPL manage their building)

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