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Nonprofiteer
← ALLIANCE HOUSING INCORPORATED

Form 990 for tax year 2023

Filed by ALLIANCE HOUSING INCORPORATED.

Totals

Total revenue
$3,822,026
Total expenses
$2,900,474
Contributions and grants received
$1,675,713
Grants paid
$0
Program service revenue
$1,914,764
Investment income
$0
Other revenue
$231,549
Total assets, end of year
$13,943,726
Total liabilities, end of year
$8,832,128
Net assets or fund balances, end of year
$5,111,598
Program services expenses (Part IX)
$2,660,881
Management and general expenses
$226,143
Fundraising expenses
$13,450
Program service expenses (Part III)
$2,660,881

Program services were 91.7% 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

    $28,250

  • 1e · Government grants (contributions)

    $1,321,935

  • 1f · All other contributions, gifts and grants

    $325,528

  • 2a · Program service revenue: LP MANAGEMENT FEES

    total $923,781 · related or exempt $923,781

  • 2b · Program service revenue: HOUSING RENTALS

    total $878,092 · related or exempt $878,092

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $113,069 · related or exempt $113,069

  • 2d · Program service revenue: LOSS ON LP INVESTMENTS

    total -$178 · related or exempt -$178

  • 8a · Fundraising events: gross income

    $0

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

    $28,250

  • 8b · Fundraising events: direct expenses

    $13,567

  • 8c · Net income from fundraising events

    total -$13,567 · excluded -$13,567

  • 11a · Other revenue: PROPERTY TAX REFUND

    total $245,116 · related or exempt $245,116

  • 11e · Other revenue, total

    $245,116

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $148,608 · program services $113,492 · management and general $33,630 · fundraising $1,486

  • 7 · Other salaries and wages

    total $223,592 · program services $102,333 · management and general $115,080 · fundraising $6,179

  • 9 · Other employee benefits

    total $46,900 · program services $19,071 · management and general $27,696 · fundraising $133

  • 10 · Payroll taxes

    total $47,952 · program services $24,352 · management and general $22,911 · fundraising $689

  • 11c · Fees: accounting

    total $123,750 · program services $114,048 · management and general $9,702

  • 11g · Fees: other

    total $263,457 · program services $259,309 · fundraising $4,148

  • 13 · Office expenses

    total $68,813 · program services $65,504 · management and general $3,309

  • 16 · Occupancy

    total $331,013 · program services $320,473 · management and general $9,725 · fundraising $815

  • 20 · Interest

    total $26,136 · program services $22,046 · management and general $4,090

  • 22 · Depreciation, depletion and amortization

    total $337,251 · program services $337,251

  • 23 · Insurance

    total $103,035 · program services $103,035

  • 24a · Other expenses: MAINTENANCE

    total $899,748 · program services $899,748

  • 24b · Other expenses: PROJECT EXPENSES

    total $257,271 · program services $257,271

  • 24c · Other expenses: LICENSING AND DUES

    total $18,229 · program services $18,229

  • 24d · Other expenses: PREDEVELOPMENT COSTS

    total $4,719 · program services $4,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $394,736 · end of year $451,608

  • 2 · Savings and temporary cash investments

    beginning of year $776,155 · end of year $1,093,072

  • 3 · Pledges and grants receivable

    end of year $2,500

  • 4 · Accounts receivable

    beginning of year $165,427 · end of year $133,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,657 · end of year $0

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

    $10,181,248

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

    $4,508,645

  • 10c · Land, buildings and equipment, net

    beginning of year $6,684,671 · end of year $5,672,603

  • 13 · Investments: program-related

    beginning of year $4,363,816 · end of year $4,363,638

  • 15 · Other assets

    beginning of year $63,738 · end of year $2,226,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $487,899 · end of year $512,055

  • 23 · Secured mortgages and notes payable

    beginning of year $7,236,637 · end of year $7,769,866

  • 25 · Other liabilities

    beginning of year $122,618 · end of year $550,207

  • 27 · Net assets without donor restrictions

    beginning of year $4,635,046 · end of year $5,111,598

Mission and programs · 2023

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.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.

    Expenses $2,660,881 · Revenue $2,159,880

As filed on the 2023 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

  • Dean Ledoux

    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

  • Emily Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Nelson

    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

  • Chris Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Rashida Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mangala Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessie Hendel

    EXECUTIVE DIRECTOR

    Total calculated
    $148,608
    From this org
    $119,600
    From related orgs
    $0
    Other
    $29,008
    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 -$67,227 · share of assets $1,722,618 · general or managing partner

    Directly controlled by RS EDEN

  • HIAWATHA HOUSING LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$325,859 · share of assets $5,187,027 · 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 -$128,008 · share of assets $1,583,045 · general or managing partner

    Directly controlled by RS EDEN

  • BROADWAY HOUSING LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MN · 0.01% owned · share of income -$36 · share of assets $723,236 · 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
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202402769349300415

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