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Nonprofiteer
← ALLIANCE HOUSING INCORPORATED

Form 990 for tax year 2022

Filed by ALLIANCE HOUSING INCORPORATED.

Totals

Total revenue
$2,753,716
Total expenses
$2,344,894
Contributions and grants received
$1,903,304
Grants paid
$0
Program service revenue
$865,872
Investment income
$0
Other revenue
-$15,460
Total assets, end of year
$12,482,200
Total liabilities, end of year
$7,847,154
Net assets or fund balances, end of year
$4,635,046
Program services expenses (Part IX)
$2,186,678
Management and general expenses
$101,857
Fundraising expenses
$56,359
Program service expenses (Part III)
$2,186,678

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $28,882

  • 1e · Government grants (contributions)

    $1,124,454

  • 1f · All other contributions, gifts and grants

    $749,968

  • 2a · Program service revenue: HOUSING RENTALS

    total $762,468 · related or exempt $762,468

  • 2b · Program service revenue: LP MANAGEMENT FEES

    total $94,867 · related or exempt $94,867

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $8,537 · related or exempt $8,537

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $28,882

  • 8b · Fundraising events: direct expenses

    $15,460

  • 8c · Net income from fundraising events

    total -$15,460 · excluded -$15,460

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,577 · program services $23,305 · management and general $54,378 · fundraising $25,894

  • 7 · Other salaries and wages

    total $341,421 · program services $301,374 · management and general $20,313 · fundraising $19,734

  • 9 · Other employee benefits

    total $66,508 · program services $60,954 · management and general $2,666 · fundraising $2,888

  • 10 · Payroll taxes

    total $39,239 · program services $30,201 · management and general $5,766 · fundraising $3,272

  • 11c · Fees: accounting

    total $9,112 · management and general $9,112

  • 11g · Fees: other

    total $158,926 · program services $156,526 · fundraising $2,400

  • 13 · Office expenses

    total $75,454 · program services $71,098 · management and general $3,013 · fundraising $1,343

  • 16 · Occupancy

    total $363,671 · program services $360,605 · management and general $2,276 · fundraising $790

  • 17 · Travel

    total $15,913 · program services $15,492 · management and general $383 · fundraising $38

  • 20 · Interest

    total $25,871 · program services $25,871

  • 22 · Depreciation, depletion and amortization

    total $315,569 · program services $315,569

  • 23 · Insurance

    total $79,312 · program services $79,312

  • 24a · Other expenses: MAINTENANCE

    total $383,387 · program services $383,387

  • 24b · Other expenses: PROJECT EXPENSES

    total $358,191 · program services $358,191

  • 24c · Other expenses: LICENSING AND DUES

    total $8,743 · program services $4,793 · management and general $3,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,721 · end of year $394,736

  • 2 · Savings and temporary cash investments

    beginning of year $1,099,925 · end of year $776,155

  • 4 · Accounts receivable

    beginning of year $19,718 · end of year $165,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,111 · end of year $33,657

  • 10a · Land, buildings and equipment: cost or other basis

    $10,863,285

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,178,614

  • 10c · Land, buildings and equipment, net

    beginning of year $6,511,526 · end of year $6,684,671

  • 13 · Investments: program-related

    beginning of year $4,193,890 · end of year $4,363,816

  • 15 · Other assets

    beginning of year $0 · end of year $63,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,334 · end of year $487,899

  • 23 · Secured mortgages and notes payable

    beginning of year $7,281,273 · end of year $7,236,637

  • 25 · Other liabilities

    beginning of year $68,060 · end of year $122,618

  • 27 · Net assets without donor restrictions

    beginning of year $4,226,224 · end of year $4,635,046

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

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.

  • 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.2022/2023 ACCOMPLISHMENTS: PROPERTY MANAGEMENT OPERATIONS ALLOWED 133 HOUSEHOLDS 153 ADULTS AND 75 KIDS - THE OPPORTUNITY TO CREATE HOMES FOR THEMSELVES, REGARDLESS OF HOUSING AND CRIMINAL HISTORY. AVERAGE HOUSING TENURE AMONG TENANTS OF 3 YEARS (WITH A RANGE OF 3 MONTHS TO 20+ YEARS). 54+% OF ALLIANCE'S TENANTS WOULD BE REJECTED BY STANDARD RENTAL SCREENING CRITERIA OF OTHER LANDLORDS: FELONY CONVICTION OR EVICTION IN LAST 5 YEARS AND RENT MORE THAN 50% OF THEIR INCOME. SELECTED BY HENNEPIN COUNTY TO MANAGE START-UP AND LEASING OF STEVENS SQUARE RESIDENCE 31 ROOMS FOR TENANTS BEING REFERRED FROM HENNEPIN COUNTY HOMELESS HOTELS TO PERMANENT HOUSING. PLAYED KEY INFLUENCING ROLE IN GETTING NEW POLICY INITIATIVES UNDERWAY AT THE CITY OF MINNEAPOLIS AND HENNEPIN COUNTY AROUND SINGLE ROOM OCCUPANCY HOUSING. EXCEEDED OPERATING CASH RESERVE GOALS 12 OUT OF 12 MONTHS.

    Expenses $2,186,678 · Revenue $865,872

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Casie Moen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Miranda Walker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Francis Neir

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amy Schmid

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ben Olk III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Ledoux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tica Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jarett Lettner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Redd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Buckhalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Rashida Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessie Hendel

    CURRENT EXECUTIVE DIRECTOR

    Total calculated
    $103,576
    From this org
    $97,884
    From related orgs
    $0
    Other
    $5,692
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALLIANCE LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.5% owned · general or managing partner

    Directly controlled by AEON

  • CENTRAL AVENUE LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$39,691 · share of assets $1,756,330 · general or managing partner

    Directly controlled by RS EDEN

  • HIAWATHA HOUSING LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$306,726 · share of assets $5,876,836 · general or managing partner

    Directly controlled by ALLIANCE HOUSING INC

  • PORTLAND VILLAGE LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$22,812 · share of assets -$41,604 · general or managing partner

    Directly controlled by RS EDEN

  • BROADWAY HOUSING LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$46 · share of assets $697,310 · general or managing partner

    Directly controlled by ALLIANCE HOUSING INC

  • MINNEHAHA COMMONS LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MN · general or managing partner

  • 3301 NICOLLET LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MN · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AHIFP INC

    C · RENTAL REAL ESTATE · MN · 100% owned · share of income $1 · share of assets -$423

    Directly controlled by ALLIANCE HOUSING INC

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202322759349300827

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