Civic Intelligence

Seward Redesign Inc

EIN 23-7290844 • 501(c)3 • Minneapolis, MN

Profile

Plan and implement developments that respond to community priorities, create living wage jobs, affordable housing, quality goods, and services. Redesign envisions a vibrant, diverse, mixed-income community where all people have the opportunity to thrive.

2619 East Franklin AvenueMinneapolis, MN 55406

www.sewardredesign.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.66x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

5.35x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

32%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

14th percentile

-14%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Down

$34,554,998

Down $968,963 (-2.7%) from 2023

Liabilities

Down

$22,930,650

Down $1,214,266 (-5.0%) from 2023

Net Assets

Up

$11,624,348

Up $245,303 (+2.2%) from 2023

Revenue

Down

$4,288,841

Down $1,302,747 (-23%) from 2023

Expenses

Up

$3,816,939

Up $995,801 (+35%) from 2023

Net Income

Down

$471,902

Down $2,298,548 (-83%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $7,947,753Liabilities 2010: $5,429,274Net Assets 2010: $2,518,4792010Assets 2011: $8,000,208Liabilities 2011: $5,443,494Net Assets 2011: $2,556,7142011Assets 2012: $7,904,555Liabilities 2012: $4,929,928Net Assets 2012: $2,974,6272012Assets 2013: $9,014,007Liabilities 2013: $5,366,329Net Assets 2013: $3,647,6782013Assets 2014: $9,108,426Liabilities 2014: $5,305,300Net Assets 2014: $3,803,1262014Assets 2015: $8,611,875Liabilities 2015: $4,914,564Net Assets 2015: $3,697,3112015Assets 2016: $7,568,907Liabilities 2016: $5,118,662Net Assets 2016: $2,450,2452016Assets 2017: $10,004,825Liabilities 2017: $6,364,400Net Assets 2017: $3,640,4252017Assets 2018: $10,840,755Liabilities 2018: $6,318,704Net Assets 2018: $4,522,0512018Assets 2019: $10,985,057Liabilities 2019: $6,569,315Net Assets 2019: $4,415,7422019Assets 2020: $11,901,310Liabilities 2020: $7,362,626Net Assets 2020: $4,538,6842020Assets 2021: $17,574,323Liabilities 2021: $12,157,656Net Assets 2021: $5,416,6672021Assets 2022: $19,848,693Liabilities 2022: $11,062,289Net Assets 2022: $8,786,4042022Assets 2023: $35,523,961Liabilities 2023: $24,144,916Net Assets 2023: $11,379,0452023Assets 2024: $34,554,998Liabilities 2024: $22,930,650Net Assets 2024: $11,624,3482024

Highlighted filing

2024

Assets$34,554,998
Liabilities$22,930,650
Net Assets$11,624,348

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,260,7242010Expenses 2011: $1,254,6202011Expenses 2012: $1,220,6732012Revenue 2013: $2,038,214Expenses 2013: $1,365,163Net Income 2013: $673,0512013Revenue 2014: $1,578,007Expenses 2014: $1,405,711Net Income 2014: $172,2962014Revenue 2015: $1,405,342Expenses 2015: $1,306,658Net Income 2015: $98,6842015Revenue 2016: $1,342,290Expenses 2016: $1,296,665Net Income 2016: $45,6252016Revenue 2017: $2,627,899Expenses 2017: $1,429,821Net Income 2017: $1,198,0782017Revenue 2018: $2,547,319Expenses 2018: $1,688,910Net Income 2018: $858,4092018Revenue 2019: $1,719,411Expenses 2019: $1,843,639Net Income 2019: -$124,2282019Revenue 2020: $1,759,310Expenses 2020: $1,659,428Net Income 2020: $99,8822020Revenue 2021: $2,638,078Expenses 2021: $1,857,147Net Income 2021: $780,9312021Revenue 2022: $5,849,152Expenses 2022: $2,018,628Net Income 2022: $3,830,5242022Revenue 2023: $5,591,588Expenses 2023: $2,821,138Net Income 2023: $2,770,4502023Revenue 2024: $4,288,841Expenses 2024: $3,816,939Net Income 2024: $471,9022024

Highlighted filing

2024

Revenue$4,288,841
Expenses$3,816,939
Net Income$471,902

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.6$22.9$11.6$4.29$3.82$0.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$24.1$11.4$5.59$2.82$2.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$11.1$8.79$5.85$2.02$3.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$12.2$5.42$2.64$1.86$0.78
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$7.36$4.54$1.76$1.66$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$6.57$4.42$1.72$1.84$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$6.32$4.52$2.55$1.69$0.86
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$6.36$3.64$2.63$1.43$1.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.57$5.12$2.45$1.34$1.30$0.05
2015Detailed filing. Detailed filing data is available for this year.$8.61$4.91$3.70$1.41$1.31$0.10
2014Detailed filing. Detailed filing data is available for this year.$9.11$5.31$3.80$1.58$1.41$0.17
2013Detailed filing. Detailed filing data is available for this year.$9.01$5.37$3.65$2.04$1.37$0.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.90$4.93$2.97$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.00$5.44$2.56$1.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$5.43$2.52$1.26
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 20, 2023
Return Version
2022v5.0
Gross Receipts
$6,964,458
Mission and Program Overview

Mission

Plan and implement developments that respond to community priorities, create living wage jobs, affordable housing, quality goods, and services. Redesign envisions a vibrant, diverse, mixed-income community where all people have the opportunity to thrive.

Build vital neighborhoods with living-wage jobs, affordable housing, quality goods and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,800,696$7,896,329▲ $5,095,633
Land, Buildings, and Equipment, Net$9,876,743$6,628,469▼ $3,248,274
Savings and Temporary Cash Investments$4,623,831$4,933,370▲ $309,539
Accounts Receivable$252,960$356,222▲ $103,262
Prepaid Expenses and Deferred Charges$20,093$34,303▲ $14,210
Total Assets$17,574,323$19,848,693▲ $2,274,370
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,529,719$10,388,317▼ $1,141,402
Accounts Payable and Accrued Expenses$514,426$570,865▲ $56,439
Other Liabilities$113,511$103,107▼ $10,404
Total Liabilities$12,157,656$11,062,289▼ $1,095,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,634,772$4,573,509▼ $61,263
Net Assets With Donor Restrictions$781,895$4,212,895▲ $3,431,000
Total Net Assets Fund Balance$5,416,667$8,786,404▲ $3,369,737
Total Liabilities and Net Assets / Fund Balance$17,574,323$19,848,693▲ $2,274,370

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,846,781$3,040,250$7,887,031
Land$1,720,291-$1,720,291
Other Land Buildings$61,397-$61,397
Investment Program Related Org$1,065,867--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andy HestnessExecutive DirectorFT$130,564$13,005$143,569
Christopher RomanoFormer Executive DirectorFT$9,740$547$10,287

Board Members and Trustees

NameTitle
Sheldon MainsPresident
Abdi MoalingBoard Member
Abdullahi MohamedBoard Member
Anna GrowcottBoard Member
Christine Diindiisi MccleaveBoard Member
Claudia KlinkhammerBoard Member
Edward LandenbergerBoard Member
Emily SmoakBoard Member
Ewart MartensBoard Member
Lisa MiddagBoard Member
Teshome Tesh BelaynehBoard Member
Tony ScallonBoard Member
Suzanne WeinsteinSecretary
Tadd KellyTreasurer
Carol CarrierVP of Administration

Highest Paid Contractors

ContractorServicesLocationCompensation
Pope AssociatesArchitectural Services767 N EUSTIS STREET, Saint Paul, MN 55114$154,368
Nonprofit MavensAccounting Services6813 NEWTON AVE S, Richefield, MN 55423$128,144
Faegre Drinker Biddle & ReathLegal Services2200 WELLS FARGO CENTER, Minneapolis, MN 55402$121,268
Revenue and Support

Revenue Composition

Contributions and Grants
$4,278,494
Program Service Revenue
$1,726,331
Investment Income
$-155,673
Other Revenue
$0
All Other Contributions
$3,976,784
Change in Net Assets
$3,830,524

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$2,090,000Appraised Value
Total Noncash Contributions1$2,090,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,471,991
Salaries, Compensation, and Employee Benefits$546,637
Total Fundraising Expense$47,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$360,785--$360,785
Other Salaries and Wages$266,405$31,478$10,593$308,476
Interest$266,734--$266,734
Occupancy$261,795--$261,795
Current Officers, Directors, Trustees, and Key Employees$92,330$38,471$23,082$153,883
Fees for Services Accounting$44,588$46,218-$90,806
Fees for Services Other$89,394--$89,394
Office Expenses$17,357$38,795$1,213$57,365
Payroll Taxes$32,346$6,141$2,919$41,406
Insurance$39,469$832$396$40,697
Other Expenses$26,998$4,879$2,319$34,196
Other Employee Benefits$24,176$3,602$1,522$29,300
Pension Plan Contributions$11,776$1,375$421$13,572
Fees for Services Legal$3,480--$3,480
Advertising$1,224$232$110$1,566
Fees for Services Management$458--$458
Total Functional Expenses$1,786,226$185,250$47,152$2,018,628
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
City Assessments$103,107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Brian miller, sheldon mains and andy hestness are officers of matthews park housing corporation (a related tax exempt organization) and board members of seward redesign.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an outside accounting firm and reviewed and approved by the executive committee and board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

All directors are provided with a copy of the conflict of interest policy each year and are required to complete and sign a conflict of interest statement each year.

Form 990, Part VI, Section B, Line 15A

A written performance review is prepared by the board chair in consulation with other officers and the review of comparability data provided by local initiatives support corporation and/or the minnesota council of nonprofits as well as data from other similar size nonprofit community development corporations.

Form 990, Part VI, Section C, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Seward Redesign Inc
EIN
23-7290844
Phone
6123388729
Address
2619 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN 55406
Doing Business As
Redesign Inc

Signing Officer

Name
Andy Hestness
Title
Executive Director
Phone
6123388729
Signed
2023-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Hestness
Formed
1969
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
19

Preparer

Firm
Mahoney Ulbrich Christiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Elizabeth F Barchenger
Phone
6512276695
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Share of income from 2610 partners -480,489. Change in allowance for notes receivable 19,703.

Form 990, Page 12, Part XI, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Seward redesign is exempt from income taxes under section 501(c)(3) of the internal revenue code and is classified as a tax-exempt organization under minnesota statute 290.05 and is subject to income taxes on net unrelated business income. Management believes there is no unrelated business income. Seward redesign is not currently under examination by any taxing jurisdiction. Federal and state tax authorities generally have the right to examine the current and prior three years of income tax returns.

Raw XML AppendixShowing 400 of 810 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0514426
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0570865
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IRS990/AccountsReceivableGrp/EOYAmt0356222
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES.
IRS990/AdvertisingGrp/FundraisingAmt0110
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0232
IRS990/AdvertisingGrp/ProgramServicesAmt01224
IRS990/AdvertisingGrp/TotalAmt01566
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IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum06123388729
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02619 EAST FRANKLIN AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/ContractorCompensationGrp/CompensationAmt2121268
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IRS990/ContractorCompensationGrp/ServicesDesc1ACCOUNTING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL SERVICES
IRS990/CreditCounselingInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0360785
IRS990/DepreciationDepletionGrp/TotalAmt0360785
IRS990/Desc0REAL 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.
IRS990/DescribedInSection501c3Ind01
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IRS990/Form990PartVIISectionAGrp/PersonNm1CLAUDIA KLINKHAMMER
IRS990/Form990PartVIISectionAGrp/PersonNm2TESHOME TESH BELAYNEH
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IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTINE DIINDIISI MCCLEAVE
IRS990/Form990PartVIISectionAGrp/PersonNm5ABDULLAHI MOHAMED
IRS990/Form990PartVIISectionAGrp/PersonNm6LISA MIDDAG
IRS990/Form990PartVIISectionAGrp/PersonNm7ABDI MOALING
IRS990/Form990PartVIISectionAGrp/PersonNm8SUZANNE WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm9SHELDON MAINS
IRS990/Form990PartVIISectionAGrp/PersonNm10EWART MARTENS
IRS990/Form990PartVIISectionAGrp/PersonNm11TONY SCALLON
IRS990/Form990PartVIISectionAGrp/PersonNm12CAROL CARRIER
IRS990/Form990PartVIISectionAGrp/PersonNm13ANNA GROWCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm14TADD KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm15CHRISTOPHER ROMANO
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDY HESTNESS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
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IRS990/FormationYr01969
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IRS990/FSAuditedInd01
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IRS990/GrantToRelatedPersonInd00
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IRS990/MissionDesc0REDESIGN 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.
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IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt12319
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01375
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
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IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEES
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IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1155167
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt365570
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMERCIAL 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01154061
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01212561
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0143801
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt065570
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BUSINESS 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.
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0120028
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalExpensesAmt01857147
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02638078
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03830524
IRS990/RegularMonitoringEnfrcInd01
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt04933370
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04278494

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