2024-10-02T09:43:30-05:00 2024-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-07-01 411717910 ALLIANCE HOUSING INC ALLI 6128797633 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 JESSIE HENDEL EXECUTIVE DIRECTOR 6128740311 2024-09-19 1 0 TONYA J SHELDON P01270696 6512276695 2024-09-19 2023 2024-10-15 13:58:12Z JESSIE HENDEL 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 3835593 0 X WWW.ALLIANCEHOUSINGINC.ORG X 1991 MN ALLIANCE'S WORK MAKES IT POSSIBLE FOR INDIVIDUALS AND FAMILIES TO CREATE HOMES FOR THEMSELVES, REGARDLESS OF INCOME AND BACKGROUND BY DEVELOPING AND MANAGING HOUSING THAT IS INCLUSIVE, AFFORDABLE, RELATIONAL, AND FLEXIBLE.IN ADDITION, ALLIANCE HOUSING CHALLENGES THE ENVIRONMENT THAT LIMITS OUR RESIDENTS' OPPORTUNITIES. 13 13 17 3 0 0 1903304 1675713 865872 1914764 0 0 -15460 231549 2753716 3822026 0 0 0 0 550745 467052 0 0 13450 1794149 2433422 2344894 2900474 408822 921552 12482200 13943726 7847154 8832128 4635046 5111598 X ALLIANCE'S WORK MAKES IT POSSIBLE FOR INDIVIDUALS AND FAMILIES TO CREATE HOMES FOR THEMSELVES, REGARDLESS OF INCOME AND BACKGROUND BY DEVELOPING AND MANAGING HOUSING THAT IS INCLUSIVE, AFFORDABLE, RELATIONAL, AND FLEXIBLE. IN ADDITION, ALLIANCE HOUSING CHALLENGES THE ENVIRONMENT THAT LIMITS OUR RESIDENTS' OPPORTUNITIES. 0 0 2660881 2159880 ALLIANCE HOUSING RENTS ROOMS AND APARTMENTS TO SINGLE ADULTS AND FAMILIES IN MINNEAPOLIS. MANY OF THE TENANTS ARE LOW WAGE WORKERS, FORMERLY HOMELESS, AND HAVE BEEN SCREENED OUT BY OTHER OWNERS DUE TO CREDIT, HOUSING, OR CRIMINAL HISTORIES. PROSPECTIVE RESIDENTS MUST BE ABLE TO PAY THEIR RENT AND RESPECT THE PROPERTY AND THEIR NEIGHBORS. SINCE 1996, ALLIANCE HOUSING HAS DEVELOPED LARGER SUPPORTIVE HOUSING PROJECTS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND ON ITS OWN. SOME OF THIS HOUSING REQUIRES THAT RESIDENTS STAY SOBER. ALLIANCE HOUSING ALSO DEVELOPS WORKFORCE HOUSING FOR LOW WAGE AND ENTRY-LEVEL WORKERS. THIS HOUSING OFFERS RESIDENTS AN AFFORDABLE RENT IN PROPERTY CLOSE TO MAJOR TRANSPORTATION CORRIDORS SO THEY ARE ABLE TO GET TO WORK WITH OR WITHOUT A CAR.2023/2024 ACCOMPLISHMENTS:CREATED THE OPPORTUNITY FOR 336 HOUSEHOLDS TO CREATE HOMES FOR THEMSELVES, REGARDLESS OF HOUSING AND/OR CRIMINAL HISTORY. THE AVERAGE LENGTH OF STAY IN ALLIANCE HOUSING UNITS IS 2.5 YEARS WITH MORE THAN HALF TRANSITIONING TO GREATER HOUSING STABILITY WHEN THEY MOVE OUT. MORE THAN HALF OF OUR TENANTS WOULD BE SCREENED OUT BY OTHER LANDLORDS. 50% OF TENANTS INCREASE THEIR INCOME ONCE HOUSED WITH ALLIANCE, LEAD TO GREATER LONG TERM STABILITY. SECURED FULL FUNDING FOR KYLE GARDEN SQUARE, A 59-UNIT PERMANENT SUPPORTIVE HOUSING COMMUNITY IN ELLIOT PARK NEIGHBORHOOD OF MINNEAPOLIS. WILL BEGIN CONSTRUCTION IN AUGUST, 2024. IMPROVED BUILDING OCCUPANCY RATES TO AN AVERAGE OF 95%. COMPLETED CAPITAL NEEDS ASSESSMENT ON 100% OF HOUSING UNITS TO GUIDE LONG TERM AFFORDABLE HOUSING PRESERVATION PLAN. 2660881 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 28 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CLIFFORD STEBNER 6128702267 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 CASIE MOEN PRESIDENT 1.00 X X 0 0 0 MIRANDA WALKER VICE PRESIDENT 1.00 X X 0 0 0 DEAN LEDOUX SECRETARY 1.00 X X 0 0 0 AMY SCHMID TREASURER 1.00 X X 0 0 0 BEN OLK III DIRECTOR 1.00 X 0 0 0 EMILY GOLDBERG DIRECTOR 1.00 X 0 0 0 MARILYN NELSON DIRECTOR 1.00 X 0 0 0 TICA HANSON DIRECTOR 1.00 X 0 0 0 JARETT LETTNER DIRECTOR 1.00 X 0 0 0 SCOTT REDD DIRECTOR 1.00 X 0 0 0 CHRIS WILSON DIRECTOR 1.00 X 0 0 0 YVONNE RASHIDA JACKSON DIRECTOR 1.00 X 0 0 0 MANGALA SHARMA DIRECTOR 1.00 X 0 0 0 JESSIE HENDEL EXECUTIVE DIRECTOR 40.00 X 119600 0 29008 119600 0 29008 1 0 0 0 0 28250 1321935 325528 1675713 LP MANAGEMENT FEES 531310 923781 923781 HOUSING RENTALS 531110 878092 878092 MISCELLANEOUS INCOME 531310 113069 113069 LOSS ON LP INVESTMENTS 531110 -178 -178 1914764 0 28250 13567 -13567 -13567 PROPERTY TAX REFUND 900099 245116 245116 245116 3822026 2159880 0 -13567 148608 113492 33630 1486 223592 102333 115080 6179 46900 19071 27696 133 47952 24352 22911 689 123750 114048 9702 263457 259309 4148 68813 65504 3309 331013 320473 9725 815 26136 22046 4090 337251 337251 103035 103035 MAINTENANCE 899748 899748 PROJECT EXPENSES 257271 257271 LICENSING AND DUES 18229 18229 PREDEVELOPMENT COSTS 4719 4719 2900474 2660881 226143 13450 394736 451608 776155 1093072 2500 165427 133412 33657 0 10181248 4508645 6684671 5672603 4363816 4363638 63738 2226893 12482200 13943726 487899 512055 7236637 7769866 122618 550207 7847154 8832128 X 4635046 5111598 4635046 5111598 12482200 13943726 X 921552 -445000 X X 0 1 X 1 0 X 984494 1000597 1201631 1903304 1675713 6765739 984494 1000597 1201631 1903304 1675713 6765739 1176258 5589481 231549 231549 6997288 6024039 0.79880 0.79870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 368100 368100 9813148 4508645 5304503 5672603 NOTE RECEIVABLE - LIMITED PARTNERSHIPS 2599849 C INVESTMENT IN LIMITED PARTNERSHIPS 1763789 C 4363638 RIGHT OF USE ASSET 48490 PROJECT ADVANCES 2178403 2226893 SECURITY DEPOSITS 55914 LEASE LIABILITY 49293 ESTIMATED CASUALTY LOSS 445000 550207 X PART X, LINE 2: ALLIANCE IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS EXEMPT FROM MINNESOTA INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES ALLIANCE DID NOT HAVE ANY UNRELATED BUSINESS INCOME. ALLIANCE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE INCOME TAX RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. FUNDRAISING BREAKFAST 28250 28250 13567 0 28250 28250 13567 13567 -13567 FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE SENT A COPY OF 990 AND ASKED TO REVIEW, AND THEN TO BRING ANY QUESTIONS ABOUT THIS REPORT TO THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A CONFLICT OF INTEREST INFORMATION FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 BOARD PRESIDENT RESEARCHED COMPENSATION OF EXECUTIVE DIRECTORS OF ORGANIZATIONS OF COMPARATIVE SIZE AND REPORTED TO DIRECTORS THAT EXECUTIVE DIRECTOR'S COMPENSATION WAS AVERAGE FOR AN ORGANIZATION OF THIS SIZE. PROPERTY MANAGER'S SALARIES ARE BASED ON THE MINNESOTA COUNCIL OF NONPROFITS SALARY AND BENEFITS SURVEY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE UPON REQUEST AT THE OFFICES OF ALLIANCE HOUSING. FORM 990, PART XI, LINE 9: CASUALTY LOSS -445,000. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTH PENN SUPPORTIVE HOUSING LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN 77670 369480 N/A GATEWAY HOUSING LOFTS LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN -12 -16 N/A ALLIANCE HOUSING PORTLAND VILLAGE LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN 0 0 N/A ALLIANCE HOUSING CENTRAL APARTMENTS LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN 0 0 N/A MINNEHAHA COMMONS GP LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN -39 -170 N/A ALLIANCE HOUSING PROPERTY DEVELOPMENT LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE PREDEVELOPMENT EXPENSES MN 0 11329 N/A NICOLLET GP LLC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 411717910 RENTAL REAL ESTATE MN -87 -87 N/A ALLIANCE LIMITED PARTNERSHIP 1625 PARK AVENUE MINNEAPOLIS MN 55404 411834604 RENTAL REAL ESTATE MN AEON RELATED 0 1 0.00500 CENTRAL AVENUE LIMITED PARTNERSHIP 1931 WEST BROADWAY SUITE 101 MINNEAPOLIS MN 55411 412007188 RENTAL REAL ESTATE MN RS EDEN RELATED -67227 1722618 0 1 0.00010 HIAWATHA HOUSING LIMITED PARTNERSHIP 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 141890362 RENTAL REAL ESTATE MN ALLIANCE HOUSING INC RELATED -325859 5187027 0 1 0.00010 PORTLAND VILLAGE LIMITED PARTNERSHIP 1931 WEST BROADWAY SUITE 101 MINNEAPOLIS MN 55411 411977509 RENTAL REAL ESTATE MN RS EDEN RELATED -128008 1583045 0 1 0.00010 BROADWAY HOUSING LIMITED PARTNERSHIP 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 272670020 RENTAL REAL ESTATE MN ALLIANCE HOUSING INC RELATED -36 723236 0 1 0.00010 MINNEHAHA COMMONS LIMITED PARTNERSHIP 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 824436285 RENTAL REAL ESTATE MN N/A 0 1 3301 NICOLLET LIMITED PARTNERSHIP 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 862169510 RENTAL REAL ESTATE MN N/A 0 1 AHIFP INC 2309 NICOLLET AVENUE MINNEAPOLIS MN 55404 204664510 RENTAL REAL ESTATE MN ALLIANCE HOUSING INC C 1 -423 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 HIAWATHA HOUSING LIMITED PARTNERSHIP D 388329 CASH ADVANCED BROADWAY HOUSING LIMITED PARTNERSHIP D 341520 CASH ADVANCED MINNEHAHA COMMONS LIMITED PARTNERSHIP D 1000000 CASH ADVANCED 3301 NICOLLET LIMITED PARTNERSHIP D 870000 CASH ADVANCED