GOLD2024

Alliance Housing Inc.

Alliance's work makes it possible for individuals and families to create homes for themselves.

aka Alliance Housing Inc.   |   MINNEAPOLIS, MN   |  www.alliancehousinginc.org
GuideStar Charity Check

Alliance Housing Inc.

EIN: 41-1717910


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.

Ruling year info

1992

Executive Director

Ms. Jessie Hendel

Main address

Alliance Housing Inc. 2309 Nicollet Ave

MINNEAPOLIS, MN 55404 USA

Show more contact info

EIN

41-1717910

Subject area info

Housing development

Human services

Population served info

Adults

Families

NTEE code info

Housing Development, Construction, Management (L20)

What we aim to solve

SOURCE: Self-reported by organization

Alliance Housing’s provides tangible action to address the effects of the affordable housing crisis. Alliance’s low barriers to housing approach and its flexible, relational property management practices get and keep people housed. Alliance will increase its capacity by adding additional units of housing. Lastly, Alliance’s policy work engages tenants with partners to increase resources for affordable housing and address barriers that limit our tenants’ opportunities to prosper in life.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Housing Development and Management

Alliance’s 495 units of housing serve single adults and families and offer a continuum of no services to more intensive supportive services – tailored to each household and what they need to maintain stability. Alliance owns and manages about ½ of the units and is an owner/co-developer of the others. Alliance’s directly managed properties house 376 people - 245 adults and 131 kids. We are in the business of housing people, not screening them out. We give nearly everyone a 2nd chance, whether or not they've got criminal, housing and credit mars in their past.

Population(s) Served
Adults
Families

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

I. Goals – 2021-2024 Strategic Plan
A. Property and Asset Management – Making it possible for our residents to create a home for themselves long-term.
1. Goal: Maintain Alliance properties so they are an asset to our tenants and neighbors and highly regarded by our public funders.
2. Goal: Establish niche as 2nd chance housing provider while maintaining tenant stability and peaceful properties.
3. Goal: Keep rents affordable to low wage workers and adults on a fixed income.

B. Real Estate Development - Creating quality and accessible housing for adults and families who need it.
1. Goal: Increase housing options for adults and families with low wages and income, most often screened out of housing, with access to transportation that allow them to efficiently access life’s necessities.
2. Goal: Increase and explore options for new Alliance Housing office space that creates space for all staff and functions.

C. Advocacy and Communication - Telling the affordable, stable housing story.
1. Goal: Articulate and advocate for a policy agenda that increases resources for housing those with the lowest income and addresses issues that impede access to and retention of stable housing.
2. Goal: Articulate and establish Alliance’s profile and capability among key stakeholders in community.
3. Goal: Build solid donor relations operation that ensures donor satisfaction and retention.


Alliance’s programs and activities include affordable housing development and management and policy advocacy and communications. Its 519 units of housing serve a continuum of single adults to families and offer no services to more intensive supportive services. Alliance owns and manages about ½ of the units and is an owner/co-developer of the others. Alliance’s directly managed properties house 418 people - 308 adults and 110 kids. Our tenant population mirrors the Hennepin County shelter demographics – 70% people of color, primarily African American and Indigenous people. Fifty-five percent of tenants had background issues that would have screened them out of other rental properties (criminal convictions, evictions and insufficient rent to income ratios). Nearly all of the tenants move in with incomes below 30% of area median income ($22,050 for a single adult, $31,450 for a family of 4). Single adults often have incomes of less than $15,000, especially if they are on a fixed government payment.
Alliance Housing’s housing (real estate) development and property management fills a critical niche in Minneapolis’ affordable housing marketplace. Our units are some of the most affordable. Alliance rents to tenants that other landlords turn down because of their low income or poor rental and criminal histories. Without stable housing these individuals are unable to hold down a job or get their children to school every day. Alliance Housing builds or rehabs its apartments without debt and raises charitable dollars to keep rents lower than needed expenses. Alliance offers a more equitable economic relationship where low wage workers ($10-$15 per hour) and adults on a fixed government income can afford a roof over their head.
Finding and affording an apartment is only the first step. Maintaining housing stability is fraught with challenges for a very low income person. Financial setbacks – loss of hours or work, car repairs, medical bills – sometimes make it nearly impossible for a low income tenant to cover the rent. Alliance’s property manager has the ability to negotiate rent payment plans over time. This enables very low income persons with limited ability to manage financial set-backs the opportunity to retain stable housing. Tenants who have been homeless for a while or who have family and friends who sometimes take advantage of them, may need help staying compliant with the lease. The property manager can re-set lease expectations and delineate a clear understanding of desired behavior to maintain housing stability. He attempts to re-direct and correct behavior rather than evict households.

Alliance Housing was born out of the vision of St. Stephens’ Catholic Church volunteers and emergency shelter staff and residents who wanted to create tangible, long term housing solutions for homeless families and individuals. The nonprofit (not religious affiliated) organization was incorporated in 1991 and took advantage of vacant and available properties at low cost in South Minneapolis. Alliance continues to honor its history by developing housing solutions for homeless, poor and other individuals shut out of market opportunities.

Two people are key to the work of this proposal:

Tiffany Simmons and Samantha Giarrusso, Property Managers, employ Alliance’s practices of management that have proved successful in helping adults and families with many life challenges maintain stable housing. They stay current in legal and humane property management practices and keep Alliance’s housing well maintained as the “best (property) on the block.”

Barbara Jeanetta, Executive Director, has 25 years of experience in nonprofit and government programs and organizations including human resources, finances, and program design and implementation. She has served as Alliance’s Director for 4.5 years. Prior to Alliance, she managed coaching and housing staff at a nonprofit organization that helped formerly incarcerated men get employment, housing, and manage their health. Barbara has a BA in Political Science from Hamline University and a MA in Public Affairs from the University of MN’s Humphrey Institute. Barbara will oversee staff and take the lead on fundraising, real estate development and policy advocacy.

Alliance Housing measures its success by the stability of its tenants, the percentage of its tenants that would likely have been screened out by other landlords given traditional rental screening criteria and the percent of new real estate funding dollars that have been committed. The first two measures are included on a bi-monthly board meeting Dashboard document. The third is included in the Director’s management report that is also included in board packets.

Alliance’s current average length of tenancy is 3 years. 25% of tenants have lived in Alliance’s housing for 2-5 years. 30% have lived in Alliance’s housing for over 5 years. The current data on screening criteria shows 54% of tenants would have been screened out by other landlords using the following screening criteria: Monthly income is 2 times that of rent, one or more evictions in the past 5 years, felony convictions in the last 5 years. Alliance’s goal is to maintain or increase length of tenancy as a measure of stability and show that a majority of its tenants needed a 2nd chance at stable housing.

Alliance is prepared to do real estate development if needs of its target population are not being met in the housing market. Alliance’s interest list of adults and families who have completed a rental application continues to grow and now is at 700+ households. Applicants report they cannot find housing at their affordability level or that doesn’t screen them out due to back ground. Alliance currently has two new housing projects underway and will measure success by the percentage of capital funding raised against the total needed.

Of the most important indicators you are able to track, what were your most recent reported results? Please limit to 5 results.

Housing tenure: Average of 3 years
% of tenants that would have been screened out by other landlords: 54%
% of capital dollars raised on new housing development projects: 16%

+$468,050 of $881,050 on 2924:
+$2,325,000 of $16,890,000 on 700 10th:
Total: $2,793,050 on $17,771,050: 16%

Financials

Alliance Housing Inc.
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.17

Average of 0.11 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

6.9

Average of 6.5 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

24%

Average of 21% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Alliance Housing Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Alliance Housing Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Alliance Housing Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Alliance Housing Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $436,455 $597,672 $1,053,581 $546,838 $724,391
As % of expenses 41.2% 52.1% 76.7% 32.4% 35.7%
Unrestricted surplus (deficit) after depreciation $144,377 $310,193 $752,506 $237,610 $408,822
As % of expenses 10.7% 21.6% 44.9% 11.9% 17.4%
Revenue composition info
Total revenue (unrestricted & restricted) $1,486,781 $1,744,781 $2,498,072 $2,163,642 $2,753,716
Total revenue, % change over prior year 3.6% 17.4% 43.2% -13.4% 27.3%
Program services revenue 57.6% 43.9% 60.1% 45.0% 31.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 24.6% 23.0% 17.2% 10.9% 40.8%
All other grants and contributions 17.8% 33.1% 22.7% 44.1% 27.7%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $1,060,326 $1,147,109 $1,374,491 $1,686,804 $2,029,325
Total expenses, % change over prior year -6.8% 8.2% 19.8% 22.7% 20.3%
Personnel 34.4% 33.0% 33.6% 30.5% 27.1%
Professional fees 3.6% 2.3% 3.3% 3.4% 8.3%
Occupancy 14.9% 14.5% 16.7% 19.4% 17.9%
Interest 1.6% 1.5% 4.9% 1.9% 1.3%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 45.5% 48.7% 41.6% 44.8% 45.4%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $1,352,404 $1,434,588 $1,675,566 $1,996,032 $2,344,894
One month of savings $88,361 $95,592 $114,541 $140,567 $169,110
Debt principal payment $0 $222,587 $0 $0 $44,636
Fixed asset additions $0 $0 $914,492 $0 $488,714
Total full costs (estimated) $1,440,765 $1,752,767 $2,704,599 $2,136,599 $3,047,354

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 3.3 8.7 9.7 8.2 6.9
Months of cash and investments 43.5 43.5 38.7 38.1 32.7
Months of estimated liquid unrestricted net assets 33.1 33.9 34.8 30.1 27.4
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $295,123 $834,859 $1,106,949 $1,156,646 $1,170,891
Investments $3,551,438 $3,324,260 $3,324,243 $4,193,890 $4,363,816
Receivables $10,034 $11,211 $104,877 $19,718 $165,427
Gross land, buildings, equipment (LBE) $9,280,489 $9,369,940 $10,282,529 $10,374,572 $10,863,285
Accumulated depreciation (as a % of LBE) 32.0% 34.7% 34.6% 37.2% 38.5%
Liabilities (as a % of assets) 71.3% 68.6% 64.1% 64.5% 62.9%
Unrestricted net assets $2,925,915 $3,236,108 $3,988,614 $4,226,224 $4,635,046
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $70,000 $0 $0
Total net assets $2,925,915 $3,236,108 $4,058,614 $4,226,224 $4,635,046

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Ms. Jessie Hendel

Jessie Hendel has spent the majority of her professional career working to provide safe, affordable, and sustainable housing for youth, families, and individuals. Her commitment to these values directly aligns with Alliances relationship-based property management focus.

Number of employees

Source: IRS Form 990

Alliance Housing Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Alliance Housing Inc.

Board of directors
as of 01/22/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Casie Moen

U.S. Bancorp Community Development Corporation

Term: 2020 -

Dean LeDoux

Gray Plant Mooty

Jarett Lettner

Wells Fargo

Michael Mack

Tenant

Miranda Walker

GMHF

Rashida Jackson

PPL

Amy Schmid

Consultant

Emily Goldberg

Tenant

Tica Hanson

Retired RN

Marilyn Nelson

St. Bartholomews Catholic Church and School

Ben Olk III

National Checking Company

Scott Redd

Sabathani Community Center

Mangala Sharma

CommonBond

Chris Wilson

Retired

Organizational demographics

SOURCE: Self-reported; last updated 1/22/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability