Totals
- Total revenue
- $5,849,152
- Total expenses
- $2,018,628
- Contributions and grants received
- $4,278,494
- Grants paid
- $0
- Program service revenue
- $1,726,331
- Investment income
- -$155,673
- Other revenue
- $0
- Total assets, end of year
- $19,848,693
- Total liabilities, end of year
- $11,062,289
- Net assets or fund balances, end of year
- $8,786,404
- Program services expenses (Part IX)
- $1,786,226
- Management and general expenses
- $185,250
- Fundraising expenses
- $47,152
- Program service expenses (Part III)
- $1,786,226
Program services were 88.5% 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.
-
1e · Government grants (contributions)
$301,710
-
1f · All other contributions, gifts and grants
$3,976,784
-
1g · Noncash contributions included above
$2,090,000
-
2a · Program service revenue: RENTAL REVENUE
total $1,385,566 · related or exempt $1,385,566
-
2b · Program service revenue: DEVELOPER FEES
total $155,167 · related or exempt $155,167
-
2c · Program service revenue: MISCELLANEOUS
total $120,028 · related or exempt $120,028
-
2d · Program service revenue: MANAGEMENT FEES
total $65,570 · related or exempt $65,570
-
3 · Investment income
total $17,332 · excluded $17,332
-
7a · Gross sales of assets other than inventory
other assets $942,301
-
7b · Less cost or other basis and sales expenses
other assets $1,115,306
-
7c · Gain or loss
other assets -$173,005
-
7d · Net gain or loss
total -$173,005 · related or exempt -$173,005
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $153,883 · program services $92,330 · management and general $38,471 · fundraising $23,082
-
7 · Other salaries and wages
total $308,476 · program services $266,405 · management and general $31,478 · fundraising $10,593
-
8 · Pension plan contributions
total $13,572 · program services $11,776 · management and general $1,375 · fundraising $421
-
9 · Other employee benefits
total $29,300 · program services $24,176 · management and general $3,602 · fundraising $1,522
-
10 · Payroll taxes
total $41,406 · program services $32,346 · management and general $6,141 · fundraising $2,919
-
11a · Fees: management
total $458 · program services $458
-
11b · Fees: legal
total $3,480 · program services $3,480
-
11c · Fees: accounting
total $90,806 · program services $44,588 · management and general $46,218
-
11g · Fees: other
total $89,394 · program services $89,394
-
12 · Advertising and promotion
total $1,566 · program services $1,224 · management and general $232 · fundraising $110
-
13 · Office expenses
total $57,365 · program services $17,357 · management and general $38,795 · fundraising $1,213
-
16 · Occupancy
total $261,795 · program services $261,795
-
20 · Interest
total $266,734 · program services $266,734
-
22 · Depreciation, depletion and amortization
total $360,785 · program services $360,785
-
23 · Insurance
total $40,697 · program services $39,469 · management and general $832 · fundraising $396
-
24a · Other expenses: MAINTENANCE
total $190,033 · program services $186,433 · management and general $3,600
-
24b · Other expenses: MISCELLANEOUS
total $74,682 · program services $60,478 · management and general $9,627 · fundraising $4,577
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $34,196 · program services $26,998 · management and general $4,879 · fundraising $2,319
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,623,831 · end of year $4,933,370
-
4 · Accounts receivable
beginning of year $252,960 · end of year $356,222
-
9 · Prepaid expenses and deferred charges
beginning of year $20,093 · end of year $34,303
-
10a · Land, buildings and equipment: cost or other basis
$9,668,719
-
10b · Land, buildings and equipment: accumulated depreciation
$3,040,250
-
10c · Land, buildings and equipment, net
beginning of year $9,876,743 · end of year $6,628,469
-
13 · Investments: program-related
beginning of year $2,800,696 · end of year $7,896,329
-
17 · Accounts payable and accrued expenses
beginning of year $514,426 · end of year $570,865
-
23 · Secured mortgages and notes payable
beginning of year $11,529,719 · end of year $10,388,317
-
25 · Other liabilities
beginning of year $113,511 · end of year $103,107
-
27 · Net assets without donor restrictions
beginning of year $4,634,772 · end of year $4,573,509
-
28 · Net assets with donor restrictions
beginning of year $781,895 · end of year $4,212,895
Mission and programs · 2022
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.
Activities or mission (Part I)
BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES.
-
REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW- AND MODERATE-INCOME RESIDENTS, WOMEN AND PEOPLE-OF-COLOR WITHIN THE SEWARD AND GREATER LONGFELLOW NEIGHBORHOODS.IN 2022, REDESIGN FOCUSED ON THE FOLLOWING DEVELOPMENT PROJECTS : 1. AN 80,000 SQUARE FOOT HISTORIC COMMERCIAL BUILDING ON LAKE STREET AND WILL REDEVELOP THIS PROPERTY IN PARTNERSHIP WITH PEOPLE-OF-COLOR LED ENTITIES, ENSURING THE EQUITABLE RECOVERY OF THE LAKE STREET COMMERCIAL CORRIDOR, 2. A 6,800 SQUARE FOOT RETAIL/OFFICE BUILDING FOR REDEVELOPMENT AND SALE TO AN EXISTING BUSINESS TENANT, AND VACANT LAND TO PROVIDE FOR FUTURE NEW HOUSING DEVELOPMENT,3. RECEIVING DONATION OF LAND THAT WILL BE PLANNED AND DEVELOPED IN PARTNERSHIP WITH PEOPLE-OF-COLOR LED ENTITIES, WITH AN END USE OWNERSHIP MODEL OF PEOPLE-OF-COLOR BUSINESS AND ORGANIZATIONS THAT SUPPORT PEOPLE-OF-COLOR, AND4. PURCHASING AN APPROXIMATELY 32,000 SQ FT INDUSTRIAL BUILDING THAT WAS DAMAGED DURING THE CIVIL UNREST IN THE SUMMER OF 2020 TO RENOVATE AND REPURPOSE FOR NEIGHBORHOOD-BASED BUSINESSES OWNED BY PEOPLE-OF-COLOR AND EXPAND PROPERTY OWNERSHIP FOR THE BUSINESSES.SECURING FINANCING AND DEVELOPMENT OF A 32-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. CLOSING AND CONSTRUCTION START ARE ANTICIPATED FOR THE FALL OF 2023.REDESIGN SECURED A CONTRACT WITH THE CITY OF MINNEAPOLIS TO PROVIDE TRAINING IN REAL ESTATE DEVELOPMENT TO NEW AND EMERGING DEVELOPERS. UTILIZING THE SKILLS GARNERED FROM REDESIGN'S OWN DEVELOPMENT PROJECTS, WE ARE WORKING TO TRAIN AND PARTNER WITH THESE DEVELOPERS WHO ARE LARGELY FIRST-TIME DEVELOPERS AND PEOPLE OF COLOR.
Expenses $324,442 · Revenue $155,167
-
COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OPERATES MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOW AND SEWARD NEIGHBORHOODS INCLUDING FRANKLIN EAST, 3300 EAST LAKE, 2610 EAST 32ND, FIVE SQUARE, VERNA AND FOCUS ARTS BUILDINGS. ALL OF THESE PROPERTIES ARE LEASED TO MULTIPLE SMALL BUSINESS AND COMMUNITY ORGANIZATION TENANTS, THE GREAT MAJORITY OF WHICH ARE WOMEN, PEOPLE-OF-COLOR AND/OR IMMIGRANT OWNED. THESE PROPERTIES ARE MANAGED FOR LONG-TERM SUSTAINABILITY TO ENSURE AFFORDABLE AND ACCESSIBLE COMMERCIAL SPACE.REDESIGN LEASES AND DIRECTLY MANAGES COMMERCIAL PROPERTIES THAT IT OWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICES FOR OTHER PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD 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 OR WHOLLY OWNED BY REDESIGN RESPECTIVELY.
Expenses $1,154,061 · Revenue $1,212,561
-
COMMUNITY PLANNING AND INFRASTRUCTURE ADVOCACYREDESIGN ENGAGES EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS IN PROACTIVE PLANNING FOR FUTURE LAND USE AND DEVELOPMENT AND TO ADVOCATE ON BEHALF OF COMMUNITY-BASED DEVELOPMENT THAT SERVES THE NEEDS OF ALL RESIDENTS, INCLUDING COMMUNITIES-OF-COLOR, IMMIGRANT COMMUNITIES AND THOSE OF LOW AND MODERATE INCOME. REDESIGN ALSO WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN AND ADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FOR PEDESTRIANS AND BICYCLISTS IN PARTICULAR, AND THOSE CHANGES THAT WILL ADDRESS CLIMATE CHANGE INCLUDING INCREASED USE OF SOLAR ENERGY. REDESIGN HAS PROVIDED TECHNICAL ASSISTANCE TO SEVERAL BUSINESSES TO INSTALL SOLAR ARRAYS ON THEIR ROOF. REDESIGN HAS ALSO ADDED SOLAR TO THE ROOFS AT FRANKLIN EAST AND THE COOPERAGE.
Expenses $143,801 · Revenue $65,570
-
BUSINESS DEVELOPMENT AND GROWTHREDESIGN SEEKS OUT AND ATTRACTS NEW BUSINESSES TO THE SEWARD AND GREATER LONGFELLOW NEIGHBORHOODS BY PROVIDING TECHNICAL ASSISTANCE, ACCESS TO LOW COST LOAN CAPITAL AND ASSISTANCE WITH REAL ESTATE PROJECTS. IN 2022, REDESIGN PROVIDED TECHNICAL ASSISTANCE TO OVER 50 SMALL BUSINESS CLIENTS AND AND LOANS TO 3, WITH AN EMPHASIS ON NAVIGATING THE IMPACT OF COVID-19 PANDEMIC AND REBUILDING FOLLOWING THE CIVIL UNREST DAMAGE ALONG EAST LAKE STREET THAT OCCURRED IN THE SUMMER OF 2020 IMPACTING MANY SMALL BUSINESSES. OUR FOCUS IS ON REACHING BUSINESSES THAT HAVE NOT ALWAYS ENJOYED EQUAL ACCESS TO SUPPORT INCLUDING IMMIGRANT, PEOPLE-OF-COLOR AND WOMAN-OWNED ENTERPRISES.REDESIGN 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. REDESIGN ALSO MANAGES THREE LOAN POOLS THAT MAKE BELOW-MARKET LOANS TO SMALL BUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY AND PROMOTE THE SUCCESS OF LOCAL COMMERCIAL CORRIDORS. MOST OF THESE BORROWERS WOULD NOT OTHERWISE HAVE ACCESS TO NEEDED AND EQUITABLE CAPITAL.
Expenses $163,922 · Revenue $120,028
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward LandenbergerEDWARD LANDENBERGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Claudia KlinkhammerCLAUDIA KLINKHAMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Teshome Tesh BelaynehTESHOME TESH BELAYNEH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Emily SmoakEMILY SMOAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christine Diindiisi McCleaveCHRISTINE DIINDIISI MCCLEAVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Abdullahi MohamedABDULLAHI MOHAMED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa MiddagLISA MIDDAG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Abdi MoalingABDI MOALING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne WeinsteinSUZANNE WEINSTEIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Sheldon MainsSHELDON MAINS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Ewart MartensEWART MARTENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tony ScallonTONY SCALLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carol CarrierCAROL CARRIER
VP OF ADMINISTRATION
- Total calculated
- $0
- Hours/week
- 1
-
Anna GrowcottANNA GROWCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tadd KellyTADD KELLY
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Christopher RomanoCHRISTOPHER ROMANO
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $10,287
- From this org
- $9,740
- From related orgs
- $0
- Other
- $547
- Hours/week
- 40
-
Andy HestnessANDY HESTNESS
EXECUTIVE DIRECTOR
- Total calculated
- $143,569
- From this org
- $130,564
- From related orgs
- $0
- Other
- $13,005
- 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.
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.
-
MATTHEWS PARK HOUSING CORPORATION
501(C)(4) · RENTAL REAL ESTATE · MN
Directly controlled by SEWARD REDESIGN
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.
-
SEWARD COMMONS LLC
REHABILITATION OF REAL ESTATE · MN · income $162,381 · assets $273,352
Directly controlled by SEWARD REDESIGN INC
-
3300 LAKE LLC
COMMERCIAL REAL ESTATE · MN · income $298,781 · assets $897,388
Directly controlled by SEWARD REDESIGN INC
-
FIVE SQUARE LLC
COMMERCIAL REAL ESTATE · MN · income $260,215 · assets $1,689,035
Directly controlled by SEWARD REDESIGN INC
-
2200 GATEWAY LLC
COMMERCIAL REAL ESTATE · MN · income $176,733 · assets $996,994
Directly controlled by SEWARD REDESIGN INC
-
FOCUS ARTS LLC
COMMERCIAL REAL ESTATE · MN · income $223,143 · assets $2,442,778
Directly controlled by SEWARD REDESIGN INC
-
PHASE III A LLC
RENTAL REAL ESTATE · MN · income $0 · assets $929,397
Directly controlled by SEWARD REDESIGN INC
-
DOWNTOWN LONGFELLOW LLC
COMMERCIAL REAL ESTATE · MN · income $16,398 · assets $238,566
Directly controlled by SEWARD REDESIGN INC
-
LONGFELLOW COLISEUM LLC
COMMERCIAL REAL ESTATE · MN · income $3 · assets $0
Directly controlled by SEWARD REDESIGN INC
-
FRANKLIN EAST LLC
COMMERCIAL REAL ESTATE · MN · income $469,341 · assets $1,873,092
Directly controlled by SEWARD REDESIGN INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MILWAUKEE AVENUE TOWNHOUSE ASSOCIATES
RELATED · RENTAL REAL ESTATE · MN · 3.1% owned · share of income -$16 · share of assets $25,647 · general or managing partner
Directly controlled by SEWARD REDESIGN
-
2610 PARTNERS LLC
RELATED · RENTAL REAL ESTATE · MN · 50% owned · share of income $27,985 · share of assets $700,457 · general or managing partner
Directly controlled by SEWARD REDESIGN
-
BESSEMER APARTMENTS LLC
RELATED · RENTAL REAL ESTATE · MN · 5.23% owned · share of income -$195,006 · share of assets $620,490
Directly controlled by BESSEMER DEVELOPERS LLC
-
BLACK MOUNTAIN HOLDINGS
RELATED · RENTAL REAL ESTATE · MN · 50% owned · share of income $65,694 · share of assets $1,198,696 · general or managing partner
Directly controlled by SEWARD REDESIGN
-
BESSERMER DEVELOPERS LLC
RELATED · RENTAL REAL ESTATE · MN · 50% owned · share of income -$78,225 · share of assets $10,550,660 · general or managing partner
Directly controlled by SEWARD REDESIGN
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CRS HOUSING GP LLC
C · RENTAL REAL ESTATE · MN · 50% owned · share of income -$22 · share of assets $5,483
Directly controlled by COMMONBOND COMMUNITIES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322639349300032
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