Form 990 for tax year 2023

Totals

Total revenue

$1,236,844

Total expenses

$1,111,533

Contributions and grants received

$412,653

Grants paid

$0

Program service revenue

$746,285

Investment income

$14

Other revenue

$77,892

Total assets, end of year

$9,046,118

Total liabilities, end of year

$8,389,961

Net assets or fund balances, end of year

$656,157

Program services expenses (Part IX)

$833,915

Management and general expenses

$277,618

Fundraising expenses

$0

Program service expenses (Part III)

$833,915

Program services were 75.0% 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.

Mission and programs · 2023

• MODEL CITIES PROPERTIES ENCOMPASSES ALL OF MODEL CITIES' REAL ESTATE DEVELOPMENT PROJECTS. OUR MOST RECENT DEVELOPMENT, MODEL CITIES BROWNSTONE, IS LOCATED AT THE VICTORIA STREET LIGHT RAIL TRANSIT (LRT) STATION OF ST. PAUL'S GREEN LINE. THE DEVELOPMENT IS A 4-STORY, MIXED-USE TRANSIT-ORIENTED DEVELOPMENT THAT INCLUDES 35 UNITS OF AFFORDABLE RENTAL HOUSING; APPROXIMATELY 20,000 SQUARE FEET OF RETAIL, OFFICE AND COMMUNITY SPACE; AND CLOSE TO 7,000 SQUARE FEET OF OUTDOOR SPACE DEDICATED TO A POCKET PARK. IN 2023, 48 INDIVIDUALS WITH LOW INCOMES GAINED SAFE, AFFORDABLE HOUSING THROUGH OUR BROWNSTONE LOFT APARTMENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.SINCE OPENING IN 2017, BROWNSTONE HAS BEEN AT OR NEAR 100 PERCENT OCCUPANCY (APPROXIMATELY 97% ON AVERAGE EACH YEAR) FOR THE 35 UNITS OF AFFORDABLE HOUSING INCLUDED IN THE PROJECT. THE POPULATION OF RESIDENTS IS DIVERSE WITH A MIX OF RACES, AGES, AND FAMILIES RESIDING AT BROWNSTONE. INTEREST CONTINUES TO REMAIN HIGH IN THE RESIDENCE AS WE TYPICALLY GET MULTIPLE APPLICATIONS FOR VACANCIES WHEN THEY ARISE. IN ADDITION, MODEL CITIES IS INCREASING ITS CAPACITY AS A PROPERTY MANAGER AS IT HAS SUCCESSFULLY MET ALL THE LIHTC COMPLIANCE ISSUES THAT CAME WITH THE PROJECT. AS OF 2023, ALL FIVE COMMERCIAL SUITES ALONG UNIVERSITY AVENUE HAVE BEEN LEASED WITH OUR NEWEST TENANT OPENING UP AN EVENTS SPACE CALLED THE VENUE. COMMERCIAL TENANTS HAVE BEEN A BLEND OF BUSINESS PEOPLE FROM THE SURROUNDING NEIGHBORHOOD INCLUDING A SOMALI-OWNED CONVENIENCE STORE/DELI, AN AFRICAN-AMERICAN-OWNED BARBERSHOP, AN AFRICAN-AMERICAN OWNED EVENT CENTER, A HMONG-OWNED APPAREL STORE, AND AN AFRICAN-AMERICAN WOMEN-OWNED RESTAURANT. THESE SHOPS HAVE EMPLOYED A NUMBER OF RESIDENTS FROM THE AREA.

  Expenses $473,340 · Revenue $676,959

• MODEL CITIES PROPERTIES ALSO SERVES AS A HOLDING COMPANY FOR OUR SANKOFA AND FAMILIES FIRST SUPPORTIVE HOUSING DEVELOPMENTS, WHICH PROVIDE 37 LONG-TERM, LOW-COST HOUSING UNITS AT NO MORE THAN 30% OF FAMILY INCOME. SANKOFA SERVES PREGNANT AND PARENTING YOUTH AND YOUNG ADULTS AGES 17-25. FAMILIES FIRST SERVES SINGLE-PARENT FAMILIES MOSTLY SINGLE MOTHERS WITH A HISTORY OF HOMELESSNESS.

  Expenses $360,575 · Revenue $69,326

• MODEL CITIES CONTINUES TO WORK ON A DEVELOPMENT PROJECT (652 SHERBURNE), A VACANT 8-UNIT BUILDING LOCATED IN THE FROGTOWN NEIGHBORHOOD OF ST. PAUL. MODEL CITIES, ALONG WITH THE FROGTOWN NEIGHBORHOOD ASSOCIATION (FNA), HOPE COMMUNITY, HISTORIC ST. PAUL, AND THE HOUSING JUSTICE CENTER, CAME TOGETHER AS THE SHERBURNE COLLECTIVE TO JOINTLY REDEVELOP THE BUILDING INTO A SIX-UNIT COMMUNITY-OWNERSHIP BASED PROJECT. RONDO COMMUNITY LAND TRUST WILL OWN THE LAND IN A TRUST ENSURING THAT THE BUILDING WILL REMAIN IN COMMUNITY OWNERSHIP IN PERPETUITY. THIS $2.9 MILLION DOLLAR PROJECT INCLUDES A COMPLETE RENOVATION OF THE BUILDING, CONVERTING SOME OF THE UNITS TO MUCH NEEDED FOUR-BEDROOM FAMILY UNITS. FUNDING HAS BEEN COMMITTED FROM BOTH RAMSEY COUNTY AND THE CITY OF ST. PAUL. MODEL CITIES WILL SERVE AS THE DEVELOPER AND WILL MANAGE THE PROJECT UNTIL THE UNITS CAN BE CONVERTED TO OWNERSHIP UNDER A CONDO OR COOP MODEL. THE RONDO COMMUNITY LAND TRUST WILL OWN THE LAND. FNA WILL CONDUCT COMMUNITY OUTREACH AND WITH HOPE COMMUNITY, HELP PREPARE ELIGIBLE FAMILIES FOR OWNERSHIP. REHAB OF THE BUILDING SHOULD BEGIN IN LATE SUMMER 2024 WITH OCCUPANCY IN SPRING 2025.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• MODEL CITIES COMMUNITY DEVELOPMENT CORPORATION

  501(C)(3) · COMMUNITY DEVELOPMENT · MN

  Directly controlled by MODEL CITIES OF ST PAUL INC

• MODEL CITIES OF ST PAUL INC

  501(C)(3) · CASE MANAGEMENT SERVICES · MN

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.

Provenance

Return type

form_990

Tax year

2023

Filed

29 October 2024

IRS schema version

2023v5.1

Source object

202403049349302505

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