Nonprofit · EIN 23-7290844
SEWARD REDESIGN INC
Tax-exempt · MINNEAPOLIS, MN 55406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,288,841 | $3,816,939 | $471,902 | $34,554,998 | $22,930,650 | $11,624,348 |
| December 31, 2023 | 990 | $5,591,588 | $2,821,138 | $2,770,450 | $35,523,961 | $24,144,916 | $11,379,045 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,015,451
- of which government grants
- $239,044
- Program service revenue
- $2,726,310
- Investment income
- $547,080
- Net gain from sales of assets
- $546,014
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,316
- Other salaries and wages
- $754,404
- Salaries, compensation and benefits (total)
- $1,127,340
- Professional fundraising fees
- $0
- Legal fees
- $1,652
- Accounting fees
- $226,002
- Occupancy
- $523,903
- Depreciation
- $391,586
- Program services (functional)
- $3,418,795
- Management and general (functional)
- $301,448
- Fundraising (functional)
- $96,696
Balance sheet and other
- Total assets, start of year
- $35,523,961
- Total assets, end of year
- $34,554,998
- Total liabilities, end of year
- $22,930,650
- Net assets, end of year
- $11,624,348
- Land, buildings and equipment
- $9,929,958
- Net assets without donor restrictions
- $8,881,453
- Net assets with donor restrictions
- $2,742,895
- Gross receipts
- $4,376,715
- Employees
- 11
- Volunteers
- 27
- Year formed
- 1969
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDY HESTNESS | EXECUTIVE DIRECTOR Officer | 40 | $153,968 | $18,748 |
| TAYLOR SMRIKAROVA | REAL ESTATE DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $121,350 | $7,699 |
| ABIGAIL ROMERO | REAL ESTATE PROJECT MANAGER Highest-paid employee | 40 | $101,800 | $13,551 |
| CLAUDIA KLINKHAMMER | VP DEVELOPMENT Trustee or director, Officer | 3 | $0 | $0 |
| MARNE ZAFAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBBIE SELTZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILISSA PAHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADAM ANNIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY SCALLON | VP ADMINISTRATION Trustee or director, Officer | 3 | $0 | $0 |
| TADD KELLY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ANNA GROWCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EWART MARTENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHELDON MAINS | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| LISA MIDDAG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY SMOAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TESHOME TESH BELAYNEH | SECRETARY Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDY HESTNESS | EXECUTIVE DIRECTOR Officer | 40 | $146,300 | $15,762 |
| CLAUDIA KLINKHAMMER | VP DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| TESHOME TESH BELAYNEH | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| EMILY SMOAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE DIINDIISI MCCLEAVE | BOARD MEMBER THROUGH 6/23 Trustee or director | 1 | $0 | $0 |
| ABDULLAHI MOHAMED | BOARD MEMBER THROUGH 8/23 Trustee or director | 1 | $0 | $0 |
| LISA MIDDAG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHELDON MAINS | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| EWART MARTENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNA GROWCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TADD KELLY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ANTHONY SCALLON | VP ADMINISTRATION Trustee or director, Officer | 3 | $0 | $0 |
| ADAM ANNIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILISSA PAHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBBIE SELTZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARNE ZAFAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2619 EAST FRANKLIN AVE, MINNEAPOLIS, MN 55406-1300
- Principal officer (990 for 2024)
- ANDY HESTNESS, 2619 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN 55406
- Signed the 990
- ANDY HESTNESS, EXECUTIVE DIRECTOR
- Phone
- (612) 338-8729
- Website
- REDESIGNINC.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
REDESIGN BUILDS ECONOMIC JUSTICE IN COLLABORATION WITH THE COMMUNITY BY DEVELOPING AND SUSTAINING AFFORDABLE HOUSING AND COMMERCIAL REAL ESTATE, INVESTING IN ENTREPRENEURS, AND CREATING LIVING WAGE JOBS.
Program accomplishments
- REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS COMMUNITY-DRIVEN REAL ESTATE PROJECTS THAT RESPOND TO COMMUNITY GOALS AND DESIRES. WE TACKLE PROJECTS THAT THE PRIVATE MARKET MIGHT OTHERWISE IGNORE IN SERVICE OF OUR COMMUNITIES' OVERALL VIBRANCY. THESE PROJECTS INCLUDE KEY STRATEGIC COMMERCIAL PROPERTIES, AFFORDABLE HOUSING, AND HOUSING WITH SERVICES FOR PEOPLE LEAVING HOMELESSNESS OR WITH PERSISTENT MENTAL HEALTH NEEDS. REDESIGN ALSO LEVERAGES OUR REAL ESTATE EXPERTISE, REPUTATION, AND CAPITAL TO WORK WITH ASPIRING DEVELOPERS WHO HAVE HISTORICALLY BEEN SHUT OUT OF REAL ESTATE DEVELOPMENT. IN 2024, REDESIGN PARTNERED AND CONSULTED WITH 7 SMALL BUSINESS OWNERS AND ASPIRING DEVELOPERS TO CONDUCT FEASIBILITY ANALYSIS, SUPPORT CONSTRUCTION, ACQUIRE, FINANCE, AND MANAGE 6 PROJECTS IN OUR SERVICE AREA. THIS WORK MOVES PROPERTY OWNERSHIP INTO THE HANDS OF COMMUNITY MEMBERS AND BUILDS LONG-TERM WEALTH. KEY PROJECTS IN 2024 INCLUDE:1. COMPLETING CONSTRUCTION OF THE 85,000 SQUARE FOOT HISTORIC COLISEUM BUILDING WHICH WILL ONCE AGAIN SERVE AS A COMMERCIAL HUB FOR OUR SERVICE AREA.2. BEGINNING CONSTRUCTION OF WADAAG COMMONS, A 39-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NOOR COMPANIES. MANY OF THESE UNITS WILL BE THREE- AND FOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES.3. CONTINUING COMMUNITY ENGAGEMENT AROUND THE 2800 EAST LAKE STREET SITE TO DETERMINE THE COMMUNITY'S WISHES FOR ITS FUTURE.Expenses $422,395 · revenue $655,914
- COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OWNS AND MANAGES A SIGNIFICANT PORTFOLIO OF REAL ESTATE IN OUR NEIGHBORHOOD, PROVIDING WELL-MANAGED AFFORDABLE COMMERCIAL SPACE AND AFFORDABLE HOUSING. REDESIGN OWNS OR CO-OWNS 9 MULTI-TENANT COMMERCIAL PROPERTIES IN OUR SERVICE AREA, MAKING UP 178,394 SQUARE FEET OF AFFORDABLE COMMERCIAL SPACE THAT WE LEASE TO BUSINESSES AND NONPROFITS IN OUR COMMUNITY AT AFFORDABLE RATES. IN ADDITION, WE OWN OR CO-OWN 6 RESIDENTIAL BUILDINGS, MAKING UP OVER 900 UNITS OF AFFORDABLE HOUSING FOR MEMBERS OF OUR COMMUNITY.REDESIGN LEASES AND DIRECTLY MANAGES THE COMMERCIAL PROPERTIES THAT IT OWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICES FOR OTHER PROPERTIES TO ENSURE LONG-TERM AFFORDABILITY AND HIGH-QUALITY PHYSICAL MAINTENANCE. THESE PROPERTIES INCLUDE SEWARD TOWERS EAST AND WEST; AND TWO RESIDENTIAL TOWNHOUSE PROPERTIES THAT ARE PARTLY- AND WHOLLY-OWNED BY REDESIGN RESPECTIVELY.Expenses $2,300,310 · revenue $1,223,556
- BUSINESS DEVELOPMENT AND GROWTHREDESIGN SERVES MORE THAN 100 SMALL AND EMERGING BUSINESSES IN OUR NEIGHBORHOOD EACH YEAR THROUGH HANDS-ON, TAILORED TECHNICAL SUPPORT. WE WORK ONE-ON-ONE WITH SMALL BUSINESSES TO PROVIDE HANDS-ON NEEDS ASSESSMENTS, RESOURCES (SUCH AS BUSINESS PLAN WRITING, STRATEGY DEVELOPMENT, MARKETING SUPPORT, ACCOUNTING, ETC.), COACHING, SUPPORT WITH SITE SEARCH, LEASING, PURCHASING NEGOTIATIONS, NAVIGATION THROUGH LICENSING AND PERMITTING PROCESSES, LOW-INTEREST AND PROFIT-BASED FINANCING, AND MORE TO ACCOMPLISH THEIR GOALS. IN 2024, REDESIGN VISITED 123 BUSINESSES AND PROVIDED 936 HOURS OF SERVICES TO 56 SMALL AND EMERGING BUSINESSES. WE SUPPORTED 8 BUSINESSES WITH MORE THAN $17,000 IN MATCHING FUNDS FOR IMPROVING THE LOOK OF THEIR STOREFRONTS, AND LAUNCHED A NEW SERIES OF SMALL BUSINESS SUPPORT WORKSHOPS BASED ON COMMUNITY NEEDS. REDESIGN'S POOL OF LENDING CAPITAL ENABLES US TO SUPPORT CLIENTS WHO OFTEN DO NOT QUALIFY FOR TRADITIONAL LOAN PRODUCTS AND FREQUENTLY HAVE LIMITED OPTIONS FOR ACCESSING CAPITAL. REDESIGN MANAGES MULTIPLE LOAN POOLS THAT MAKE BELOW-MARKET LOANS TO SMALL BUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY AND PROMOTE THE SUCCESS OF THE COMMERCIAL CORRIDORS. IN 2024, REDESIGN ORIGINATED 4 LOANS TOTALING $125,000 FROM OUR POOL OF LOW-INTEREST LOAN CAPITAL. REDESIGN ALSO PROVIDES COMMERCIAL BROKERAGE SERVICES TO LOCAL BUSINESSES TO ASSIST THEM IN FINDING SPACE TO LEASE OR PROPERTIES TO PURCHASE IN THE COMMUNITY, INCLUDING DEVELOPING PLANS FOR THE IMPROVEMENT OF SPACES AND THE FINANCING FOR THOSE IMPROVEMENTS. IN 2024, REDESIGN SUPPORTED 51 BUSINESSES IN LOCATING COMMERCIAL SPACE IN OUR SERVICE AREA TO HOUSE THEIR BUSINESS.Expenses $317,071 · revenue $608,656
- COMMUNITY PLANNING AND INFRASTRUCTURE ADVOCACYREDESIGN ENGAGES EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS IN PROACTIVE PLANNING FOR FUTURE LAND USE AND DEVELOPMENT AND ADVOCATES ON BEHALF OF COMMUNITY-BASED DEVELOPMENT THAT SERVES THE NEEDS OF EVERYONE. REDESIGN ALSO WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN AND ADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FOR PEDESTRIANS AND BICYCLISTS IN PARTICULAR, AS WELL AS CHANGES THAT WILL ADDRESS CLIMATE CHANGE INCLUDING INCREASED USE OF SOLAR ENERGY. IN 2024, REDESIGN CONTINUED WORKING ON AN INNOVATIVE AQUIFER THERMAL ENERGY STORAGE SYSTEM THAT WILL HEAT AND COOL AREA BUILDINGS USING ENERGY FROM THE EARTH.Expenses $379,019 · revenue $238,184
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7290844
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A200)
- Assets (IRS master file)
- $34,554,998
- Income (IRS master file)
- $4,376,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,288,841 | $3,816,939 | $34,554,998 | XML |
| 990 | December 2023 | $5,591,588 | $2,821,138 | $35,523,961 | XML |
| 990 | December 2022 | $5,849,152 | $2,018,628 | $19,848,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7290844).
Questions about SEWARD REDESIGN INC
- What is the EIN of SEWARD REDESIGN INC?
- The employer identification number (EIN) of SEWARD REDESIGN INC is 23-7290844.
- Is SEWARD REDESIGN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to SEWARD REDESIGN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEWARD REDESIGN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEWARD REDESIGN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEWARD REDESIGN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SEWARD REDESIGN INC?
- The 990 for the year ended December 31, 2024 names ANDY HESTNESS.
- Who are the officers and directors of SEWARD REDESIGN INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 3 received compensation from the organization, the highest $153,968 (ANDY HESTNESS, EXECUTIVE DIRECTOR).
- How much revenue does SEWARD REDESIGN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,288,841, expenses of $3,816,939 and total assets of $34,554,998 at year end.
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