2023-09-20T18:04:29-05:00 2022-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2022-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 ANDY HESTNESS EXECUTIVE DIRECTOR 6123388729 2023-09-20 1 ANDY HESTNESS 999009999 0 ELIZABETH F BARCHENGER P01270090 6512276695 2023-09-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REDESIGN INC ANDY HESTNESS 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 6964458 0 X REDESIGNINC.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 15 15 7 19 0 0 1155374 4278494 1470946 1726331 11758 -155673 0 0 2638078 5849152 0 0 0 0 560989 546637 0 0 47152 1296158 1471991 1857147 2018628 780931 3830524 17574323 19848693 12157656 11062289 5416667 8786404 X 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. 0 0 324442 155167 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. 1154061 1212561 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. 143801 65570 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. 163922 120028 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. 163922 120028 1786226 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 29 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X THE ORGANIZATION 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 EDWARD LANDENBERGER BOARD MEMBER 1.00 X 0 0 0 CLAUDIA KLINKHAMMER BOARD MEMBER 1.00 X 0 0 0 TESHOME TESH BELAYNEH BOARD MEMBER 1.00 X 0 0 0 EMILY SMOAK BOARD MEMBER 1.00 X 0 0 0 CHRISTINE DIINDIISI MCCLEAVE BOARD MEMBER 1.00 X 0 0 0 ABDULLAHI MOHAMED BOARD MEMBER 1.00 X 0 0 0 LISA MIDDAG BOARD MEMBER 1.00 X 0 0 0 ABDI MOALING BOARD MEMBER 1.00 X 0 0 0 SUZANNE WEINSTEIN SECRETARY 3.00 X X 0 0 0 SHELDON MAINS PRESIDENT 3.00 X X 0 0 0 EWART MARTENS BOARD MEMBER 1.00 X 0 0 0 TONY SCALLON BOARD MEMBER 1.00 X 0 0 0 CAROL CARRIER VP OF ADMINISTRATION 1.00 X 0 0 0 ANNA GROWCOTT BOARD MEMBER 1.00 X 0 0 0 TADD KELLY TREASURER 3.00 X X 0 0 0 CHRISTOPHER ROMANO FORMER EXECUTIVE DIRECTOR 40.00 X 9740 0 547 ANDY HESTNESS EXECUTIVE DIRECTOR 40.00 X 130564 0 13005 140304 0 13552 1 0 0 0 POPE ASSOCIATES 767 N EUSTIS STREET SAINT PAUL MN 55114 ARCHITECTURAL SERVICES 154368 NONPROFIT MAVENS 6813 NEWTON AVE S RICHEFIELD MN 55423 ACCOUNTING SERVICES 128144 FAEGRE DRINKER BIDDLE & REATH 2200 WELLS FARGO CENTER MINNEAPOLIS MN 55402 LEGAL SERVICES 121268 3 301710 3976784 2090000 4278494 RENTAL REVENUE 531110 1385566 1385566 DEVELOPER FEES 531390 155167 155167 MISCELLANEOUS 900099 120028 120028 MANAGEMENT FEES 531310 65570 65570 1726331 17332 17332 942301 1115306 -173005 -173005 -173005 5849152 1553326 0 17332 153883 92330 38471 23082 308476 266405 31478 10593 13572 11776 1375 421 29300 24176 3602 1522 41406 32346 6141 2919 458 458 3480 3480 90806 44588 46218 89394 89394 1566 1224 232 110 57365 17357 38795 1213 261795 261795 266734 266734 360785 360785 40697 39469 832 396 MAINTENANCE 190033 186433 3600 MISCELLANEOUS 74682 60478 9627 4577 DUES AND SUBSCRIPTIONS 34196 26998 4879 2319 2018628 1786226 185250 47152 4623831 4933370 252960 356222 20093 34303 9668719 3040250 9876743 6628469 2800696 7896329 17574323 19848693 514426 570865 11529719 10388317 113511 103107 12157656 11062289 X 4634772 4573509 781895 4212895 5416667 8786404 17574323 19848693 X 3830524 -460786 X X 0 1 X 1 0 X 187794 375695 314804 1155374 4278494 6312161 2350429 1334702 1444801 1470946 1726331 8327209 2538223 1710397 1759605 2626320 6004825 14639370 0 0 0 14639370 9096 9014 1908 11758 17332 49108 9096 9014 1908 11758 17332 49108 2547319 1719411 1761513 2638078 6022157 14688478 0.99670 0.99640 0.00330 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1720291 1720291 7887031 3040250 4846781 61397 61397 6628469 EQUITY IN SUBSIDIARY 658027 C DEVELOPMENT IN PROGRESS 6172435 F NOTES RECEIVABLE 1065867 C 7896329 CITY ASSESSMENTS 103107 103107 X 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. X 1 2090000 APPRAISED VALUE 0 0 0 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. 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. SEWARD COMMONS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 270174929 REHABILITATION OF REAL ESTATE MN 162381 273352 SEWARD REDESIGN INC 3300 LAKE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 461943492 COMMERCIAL REAL ESTATE MN 298781 897388 SEWARD REDESIGN INC FIVE SQUARE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 821129988 COMMERCIAL REAL ESTATE MN 260215 1689035 SEWARD REDESIGN INC 2200 GATEWAY LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 813287110 COMMERCIAL REAL ESTATE MN 176733 996994 SEWARD REDESIGN INC FOCUS ARTS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 844192185 COMMERCIAL REAL ESTATE MN 223143 2442778 SEWARD REDESIGN INC PHASE III A LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 850510734 RENTAL REAL ESTATE MN 0 929397 SEWARD REDESIGN INC DOWNTOWN LONGFELLOW LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 872074390 COMMERCIAL REAL ESTATE MN 16398 238566 SEWARD REDESIGN INC LONGFELLOW COLISEUM LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 871272102 COMMERCIAL REAL ESTATE MN 3 0 SEWARD REDESIGN INC FRANKLIN EAST LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 364994775 COMMERCIAL REAL ESTATE MN 469341 1873092 SEWARD REDESIGN INC MATTHEWS PARK HOUSING CORPORATION 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 363518765 RENTAL REAL ESTATE MN 501(C)(4) SEWARD REDESIGN 0 MILWAUKEE AVENUE TOWNHOUSE ASSOCIATES 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 416182839 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED -16 25647 0 1 0.03100 2610 PARTNERS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 463102571 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 27985 700457 0 1 0.50000 BESSEMER APARTMENTS LLC 900 NORTH THIRD STREET MINNEAPOLIS MN 55401 843340784 RENTAL REAL ESTATE MN BESSEMER DEVELOPERS LLC RELATED -195006 620490 0 0 0.05230 BLACK MOUNTAIN HOLDINGS 742 VANDALIA STREET ST PAUL MN 55144 873213218 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 65694 1198696 0 1 0.50000 BESSERMER DEVELOPERS LLC 900 NORTH THIRD STREET MINNEAPOLIS MN 55401 843362099 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED -78225 10550660 0 1 0.50000 CRS HOUSING GP LLC 328 WEST KELLOGG BLVD ST PAUL MN 55102 463015721 RENTAL REAL ESTATE MN COMMONBOND COMMUNITIES C -22 5483 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 1 BESSEMER APARTMENTS L 155167 CASH