Nonprofit · EIN 41-1675502
SEWARD HOUSING CORPORATION
Tax-exempt · MINNEAPOLIS, MN 55406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,603,336 | $109,668 | $1,493,668 | $35,236,438 | $21,516,831 | $13,719,607 |
| December 31, 2023 | 990 | $4,717,188 | $21,354 | $4,695,834 | $33,571,001 | $21,516,831 | $12,054,170 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,229,077
- Investment income
- $373,959
- Other revenue
- $300
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,311
- Accounting fees
- $2,400
- Management and general (functional)
- $109,668
Balance sheet and other
- Total assets, start of year
- $33,571,001
- Total assets, end of year
- $35,236,438
- Total liabilities, end of year
- $21,516,831
- Net assets, end of year
- $13,719,607
- Publicly traded securities
- $9,149,764
- Net assets without donor restrictions
- $13,719,607
- Gross receipts
- $1,603,336
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1990
- 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 |
|---|---|---|---|
| DIANN ANDERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK RUFF | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHELDON MAINS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| MELODIE BRIDGEMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HOFFMAN-DACHELET | DIRECTOR Trustee or director | 1 | $0 |
| NANCY CARDINAL | DIRECTOR Trustee or director | 1 | $0 |
| TARIKU BELAY | DIRECTOR Trustee or director | 1 | $0 |
| MAHAD DISH | DIRECTOR Trustee or director | 1 | $0 |
| MOHAMED OMAR | DIRECTOR Trustee or director | 1 | $0 |
| RON SCHLATTER | DIRECTOR Trustee or director | 1 | $0 |
| HEKMA DIMITRIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIANN ANDERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK RUFF | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHELDON MAINS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| MELODIE BRIDGEMAN | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN MILLER | DIRECTOR Trustee or director | 1 | $0 |
| NANCY CARDINAL | DIRECTOR Trustee or director | 1 | $0 |
| TARIKU BELAY | DIRECTOR Trustee or director | 1 | $0 |
| MAHAD DISH | DIRECTOR Trustee or director | 1 | $0 |
| MOHAMED OMAR | DIRECTOR Trustee or director | 1 | $0 |
| RON SCHLATTER | DIRECTOR Trustee or director | 1 | $0 |
| HEKMA DIMITRIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2619 EAST FRANKLIN AVE, MINNEAPOLIS, MN 55406-1300
- In care of
- % SEWARD REDESIGN
- Principal officer (990 for 2024)
- DIANN ANDERS, 3230 EAST 24TH STREET, MINNEAPOLIS, MN 55406
- Signed the 990
- DIANN ANDERS, PRESIDENT
- Phone
- (612) 435-0275
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
TO PROMOTE THE LONG-TERM VIABILITY OF SEWARD TOWERS, 640 UNITS OF QUALITY AFFORDABLE HOUSING WITH SERVICES TAILORED TO THE NEEDS OF THE RESIDENTS AND TO FOSTER THE INTEGRATION OF THOSE RESIDENTS INTO THE LARGER SEWARD COMMUNITY.
Program accomplishments
- SEWARD TOWERS CORPORATION WAS FORMED IN 1990 TO PRESERVE TWO BUILDINGS COMPRISING ONE OF THE LARGEST AFFORDABLE HOUSING PROJECTS IN MINNESOTA AND WHOSE RESIDENTS WERE AN INTEGRAL PART OF THE SEWARD COMMUNITY. A UNIQUE OWNERSHIP STRUCTURE WAS CREATED IN ORDER TO ENGAGE RESIDENTS AND MANAGEMENT OF THE BUILDING (COMMONBOND COMMUNITIES) WITH ORGANIZATIONS REPRESENTATIVE OF THE LARGER COMMUNITY (SEWARD NEIGHBORHOOD GROUP AND SEWARD REDESIGN) EACH OF THOSE GROUPS CONTINUE TO APPOINT THE GOVERNING BOARD OF DIRECTORS. ADDITIONAL SEATS ON THE BOARD OF DIRECTORS ARE HELD FOR RESIDENTS OF THE TWO BUILDINGS. BY 2015, THE BUILDINGS WERE 45 YEARS OLD AND IN NEED OF MAJOR CAPITAL REPLACEMENTS. THE BOARD AND THE ENTITIES WHO APPOINT THEM DECIDED TO WORK TOGETHER TO RESTRUCTURE THE OWNERSHIP IN ORDER TO EXTEND SECTION 8 CONTRACTS PROVIDING RENTAL SUPPORT TO VERY-LOW-INCOME RESIDENTS AND TO ACCESS THE CAPITAL NEEDED TO RENOVATE THE BUILDINGS. A NEW ENTITY WAS FORMED, SEWARD TOWERS RENOVATION LP, WITH SEWARD TOWERS CORPORATION AND COMMONBOND COMMUNITIES AS ITS GENERAL PARTNERS. SEWARD TOWERS CORPORATION RENEWED THE SECTION 8 CONTRACTS FOR AN ADDITIONAL 20 YEARS AND THEN SOLD THE BUILDING TO THE NEW ENTITY ON JANUARY 14, 2016 AND COMPLETED THE WHOLESALE RENOVATION OF THE BUILDINGS BY THE FOLLOWING YEAR. LOW-INCOME HOUSING TAX CREDITS WERE UTILIZED IN PART TO SECURE THE NEEDED CAPITAL. SEWARD TOWERS CORPORATION HAS RETAINED A RIGHT-OF-FIRST-REFUSAL AND OPTION TO REPURCHASE THE BUILDINGS FOLLOWING THE 15-YEAR TAX CREDIT COMPLIANCE PERIOD IN 2031. IN THE SALE, SEWARD TOWERS CORPORATION WAS PAID WITH A NOTE RECEIVABLE FROM THE AFFILIATED LIMITED PARTNERSHIP. SEWARD TOWERS CORPORATION PLANS TO UTILIZE THE NOTE RECEIVABLE TO REPURCHASE THE PROPERTY UNDER THE RIGHT-OF-FIRST-REFUSAL OR OPTION IN ORDER TO CONTINUE TO ASSURE AFFORDABILITY OF THE PROPERTY AND PRESERVE THE UNIQUE GOVERNANCE STRUCTURE THAT BRINGS MANAGEMENT, RESIDENTS AND THE COMMUNITY TOGETHER. PAYMENTS RECEIVED ON THE NOTE WILL BE APPLIED TOWARD THAT PURPOSE AS THE CENTRAL MISSION OF THE CORPORATION. PAYMENTS RECEIVED ARE CONSIDERED PROGRAM SERVICE REVENUE AS THEY ARE APPLIED FOR THAT PURPOSE OR FOR OTHER PURPOSES DEEMED CRITICAL TO THAT MISSION ON A CURRENT BASIS.revenue $1,229,377
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
- 41-1675502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $35,236,438
- Income (IRS master file)
- $1,603,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,603,336 | $109,668 | $35,236,438 | XML |
| 990 | December 2023 | $4,717,188 | $21,354 | $33,571,001 | XML |
| 990 | December 2022 | $93,055 | $16,119 | $28,656,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-1675502).
Questions about SEWARD HOUSING CORPORATION
- What is the EIN of SEWARD HOUSING CORPORATION?
- The employer identification number (EIN) of SEWARD HOUSING CORPORATION is 41-1675502.
- Is SEWARD HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to SEWARD HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEWARD HOUSING CORPORATION 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 HOUSING CORPORATION 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 HOUSING CORPORATION 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 HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names DIANN ANDERS.
- Who are the officers and directors of SEWARD HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does SEWARD HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,603,336, expenses of $109,668 and total assets of $35,236,438 at year end.
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