Civic Intelligence

Seward Redesign Inc.

990 • Fiscal year 2014 • EIN 23-7290844

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 04, 2015

2619 East Franklin AvenueMinneapolis, MN 55406

(612) 338-8729

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.58x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.36x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$115,684

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,108,426

Up $94,419 (+1.0%) from 2013

Net Assets

Up

$3,803,126

Up $155,448 (+4.3%) from 2013

Liabilities

Down

$5,305,300

Down $61,029 (-1.1%) from 2013

Revenue

Down

$1,578,007

Down $460,207 (-23%) from 2013

Expenses

Up

$1,405,711

Up $40,548 (+3.0%) from 2013

Net Income

Down

$172,296

Down $500,755 (-74%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$9,108,426
Liabilities$5,305,300
Net Assets$3,803,126

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$1,578,007
Expenses$1,405,711
Net Income$172,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 4, 2015
Return Version
2014v5.0
Gross Receipts
$1,578,007
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$5,174,106$4,641,048▼ $533,058
Land, Buildings, and Equipment, Net$1,389,408$2,115,283▲ $725,875
Savings and Temporary Cash Investments$1,805,297$1,703,047▼ $102,250
Other Notes and Loans Receivable, Net$543,394$399,577▼ $143,817
Accounts Receivable$55,186$171,835▲ $116,649
Pledges and Grants Receivable$28,000$60,000▲ $32,000
Prepaid Expenses and Deferred Charges$9,916$11,111▲ $1,195
Intangible Assets$8,700$6,525▼ $2,175
Total Assets$9,014,007$9,108,426▲ $94,419
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,887,985$5,000,336▲ $112,351
Accounts Payable and Accrued Expenses$478,344$246,864▼ $231,480
Grants Payable-$50,000-
Deferred Revenue-$8,100-
Total Liabilities$5,366,329$5,305,300▼ $61,029
Net Assets / Fund Balance
Unrestricted Net Assets$2,969,017$3,084,129▲ $115,112
Temporarily Rstr Net Assets$678,661$718,997▲ $40,336
Total Net Assets Fund Balance$3,647,678$3,803,126▲ $155,448
Total Liabilities and Net Assets / Fund Balance$9,014,007$9,108,426▲ $94,419

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,726,057$1,225,438$2,951,495
Land$271,000-$271,000
Leasehold Improvements$118,226$22,309$140,535
Investment Program Related Org$4,192,295--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian MillerExecutive DirectorFT$103,725$11,959$115,684

Board Members and Trustees

NameTitle
Carol CarrierPresident
Bruce JohansenBoard Member
Ewart MartensBoard Member
Sheldon MainsBoard Member
Suzanne WeinsteinBoard Member
Tal AndersonBoard Member
Gail AlexanderSecretary
Tadd KellyTreasurer
Garry HesserVP of Administration
Tony ScallonVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$177,144
Program Service Revenue
$1,386,810
Investment Income
$14,053
Other Revenue
$0
All Other Contributions
$171,594
Change in Net Assets
$172,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,026,953
Salaries, Compensation, and Employee Benefits$378,758
Total Fundraising Expense$7,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$361,725--$361,725
Other Salaries and Wages$188,801$14,135$2,312$205,248
Depreciation Depletion$136,236--$136,236
Current Officers, Directors, Trustees, and Key Employees$100,644$11,569$3,471$115,684
Interest$112,799--$112,799
Fees for Services Accounting$24$41,722-$41,746
Fees for Services Management$40,350--$40,350
Fees for Services Other$36,265--$36,265
Fees for Services Legal$30,117--$30,117
Office Expenses$21,613$5,811$370$27,794
Payroll Taxes$24,750$2,360$522$27,632
Insurance$23,403$620$137$24,160
Other Employee Benefits$20,106$1,571$188$21,865
Other Expenses$9,432$895$198$10,525
Pension Plan Contributions$7,246$833$250$8,329
All Other Expenses$7,164$457$101$7,722
Advertising$1,702$162$36$1,900
Total Functional Expenses$1,317,991$80,135$7,585$1,405,711
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
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 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, tony scallon and carol carrier 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 11

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 non-profits as well as data from other similar size non-profit 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

Signing Officer

Name
Brian Miller
Title
Executive Director
Phone
6123388729
Signed
2015-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Miller
Formed
1969
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
75

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
30 EAST PLATO BOULEVARD, SAINT PAUL, MN 55107-1809
Preparer
Tonya J Sheldon
Phone
6512276695
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Share of loss from 2610 partners -16,848.

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 commons, llc is included in the income tax return of seward redesign. 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.

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IRS990/MissionDesc0PLAN 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04887985
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05000336
IRS990/NetAssetsOrFundBalancesBOYAmt03647678
IRS990/NetAssetsOrFundBalancesEOYAmt03803126
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0361725
IRS990/OccupancyGrp/TotalAmt0361725
IRS990/OfficeExpensesGrp/FundraisingAmt0370
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05811
IRS990/OfficeExpensesGrp/ProgramServicesAmt021613
IRS990/OfficeExpensesGrp/TotalAmt027794
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-16848
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0188
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01571
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020106
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021865
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1PROJECT EXPENSE
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0895
IRS990/OtherExpensesGrp/ProgramServicesAmt0131599
IRS990/OtherExpensesGrp/ProgramServicesAmt144748
IRS990/OtherExpensesGrp/ProgramServicesAmt219267
IRS990/OtherExpensesGrp/ProgramServicesAmt39432
IRS990/OtherExpensesGrp/TotalAmt0131599
IRS990/OtherExpensesGrp/TotalAmt144748
IRS990/OtherExpensesGrp/TotalAmt219267
IRS990/OtherExpensesGrp/TotalAmt310525
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02312
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0188801
IRS990/OtherSalariesAndWagesGrp/TotalAmt0205248
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0543394
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0399577
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0522
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02360
IRS990/PayrollTaxesGrp/ProgramServicesAmt024750
IRS990/PayrollTaxesGrp/TotalAmt027632
IRS990/PensionPlanContributionsGrp/FundraisingAmt0250
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0833
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07246
IRS990/PensionPlanContributionsGrp/TotalAmt08329
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt060000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09916
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011111
IRS990/PrincipalOfficerNm0BRIAN MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3531310
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc2CONTRACT REVENUES
IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0845556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1403009
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287529
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt343776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0845556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1403009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt343776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46940
IRS990/ProgSrvcAccomActy2Grp/Desc0RENTAL PROPERTY OPERATIONS - OPERATION OF THE FRANKLIN EAST OFFICE BUILDING IN THE GREATER LONGFELLOW COMMUNITY AND THE SEWARD COMMONS DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0883657
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0852496
IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS DEVELOPMENT/COMMUNITY PLANNING - WORK TO ATTRACT NEW BUSINESSES TO THE SEWARD NEIGHBORHOOD AND THE GREATER LONGFELLOW AND STANDISH ERICSSON COMMUNITIES BY PROVIDING TECHNICAL ASSISTANCE, LOAN COUNSELING, AND REAL ESTATE DEVELOPMENT ASSISTANCE AND TO ENGAGE EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS IN PRO-ACTIVE PLANNING FOR FUTURE DEVELOPMENT AND TO ADVOCATE ON BEHALF OF COMMUNITY BASED DEVELOPMENT THAT SERVES THE NEEDS OF LOW AND MODERATE INCOME RESIDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0121480
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt087529
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSET MANAGEMENT - WORK TO ENSURE THE LONG TERM AFFORDABILITY AND PHYSICAL MAINTENANCE OF KEY RESIDENTIAL AND COMMERCIAL PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD, INCLUDING PROPERTIES THAT ARE PARTLY AND WHOLLY OWNED BY SEWARD REDESIGN.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt056146
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt043776
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt063435
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04742
IRS990/PYOtherExpensesAmt0979663
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01970037
IRS990/PYRevenuesLessExpensesAmt0673051
IRS990/PYSalariesCompEmpBnftPaidAmt0385500
IRS990/PYTotalExpensesAmt01365163
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02038214
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0172296
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0403009
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01805297
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01703047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0177144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt063435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0257413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0324274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0412473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01234739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04742
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04496
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02928
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05193
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031412
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06560150
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47310
IRS990ScheduleA/PublicSupportPY170Pct00.80490
IRS990ScheduleA/PublicSupportTotal170Amt0599031
IRS990ScheduleA/SubstantialContributorsTotAmt0635708
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0177144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt063435
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0257413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0324274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0412473
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01234739
IRS990ScheduleA/TotalSupportAmt01266151
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01726057
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01225438
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02951495
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0448753
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14192295
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EQUITY IN SUBSIDIARY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1DEVELOPMENT IN PROGRESS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0271000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0118226
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022309
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0140535
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEWARD 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 COMMONS, LLC IS INCLUDED IN THE INCOME TAX RETURN OF SEWARD REDESIGN. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02115283
IRS990ScheduleD/TotalBookValueProgramRltdAmt04641048
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIAN MILLER, TONY SCALLON AND CAROL CARRIER ARE OFFICERS OF MATTHEWS PARK HOUSING CORPORATION (A RELATED TAX EXEMPT ORGANIZATION) AND BOARD MEMBERS OF SEWARD REDESIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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 NON-PROFITS AS WELL AS DATA FROM OTHER SIMILAR SIZE NON-PROFIT COMMUNITY DEVELOPMENT CORPORATIONS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

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