Alliance Housing Incorporated
- Assets
- $13.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Minneapolis, MN
- Founding
- 05/1992
- Data as of
- 06/2024
- EIN
- 41-1717910
Organization Overview
Alliance Housing Incorporated is located in Minneapolis, MN. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Alliance Housing Incorporated employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Housing Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Alliance Housing Incorporated generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.9m during the year ending 06/2024. While expenses have increased by 7.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casie Moen President | OfficerTrustee | 1 | $0 |
Miranda Walker Vice President | OfficerTrustee | 1 | $0 |
Dean Ledoux Secretary | OfficerTrustee | 1 | $0 |
Amy Schmid Treasurer | OfficerTrustee | 1 | $0 |
Ben Olk III Director | Trustee | 1 | $0 |
Emily Goldberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,250 |
| Related organizations | $0 |
| Government grants | $1,321,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,675,713 |
| Total Program Service Revenue | $1,914,764 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,822,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,608 |
| Compensation of current officers, directors, key employees. | $33,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,900 |
| Payroll taxes | $47,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $123,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $263,457 |
| Advertising and promotion | $0 |
| Office expenses | $68,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $331,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,251 |
| Insurance | $103,035 |
| All other expenses | $0 |
| Total functional expenses | $2,900,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,608 |
| Savings and temporary cash investments | $1,093,072 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $133,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,672,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,363,638 |
| Intangible assets | $0 |
| Other assets | $2,226,893 |
| Total assets | $13,943,726 |
| Accounts payable and accrued expenses | $512,055 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,769,866 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $550,207 |
| Total liabilities | $8,832,128 |
| Net assets without donor restrictions | $5,111,598 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,943,726 |