2024-11-05T15:27:00-06:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 ANDY HESTNESS EXECUTIVE DIRECTOR 6123388729 2024-11-05 1 0 ELIZABETH F BARCHENGER P01270090 6512276695 2024-11-05 2023 2024-10-15 13:58:12Z REDESIGN INC ANDY HESTNESS 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 5609137 0 X REDESIGNINC.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 13 13 9 21 0 0 4278494 2165937 1726331 3439048 -155673 -13397 0 0 5849152 5591588 0 0 0 0 546637 757028 0 0 32246 1471991 2064110 2018628 2821138 3830524 2770450 19848693 35523961 11062289 24144916 8786404 11379045 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 428054 1692599 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 2023, REDESIGN FOCUSED ON THE FOLLOWING DEVELOPMENT PROJECTS: 1) BEGINNING CONSTRUCTION ON AN 80,000 SQUARE FOOT HISTORIC COMMERCIAL BUILDING ON LAKE STREET IN PARTNERSHIP WITH PEOPLE-OF-COLOR LED ENTITIES, ENSURING THE EQUITABLE RECOVERY OF THE LAKE STREET COMMERCIAL CORRIDOR, 2) CONTINUED PLANNING FOR THE REDEVELOPMENT OF A VACANT SITE 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, AND3) CONTINUED PLANNING FOR THE REDEVELOPMENT OF AN APPROXIMATELY 32,000 SQUARE FOOT INDUSTRIAL BUILDING THAT WAS DAMAGED DURING THE CIVIL UNREST IN THE SUMMER OF 2020 TO RENOVATE AND REPURPOSE FOR A NEIGHBORHOOD-BASED BUSINESS OWNED BY PEOPLE-OF-COLOR AND TRANSITIONING THE BUSINESS FROM RENTING MULTIPLE LOCATIONS TO OWNING A SINGLE FACILITY FOR THE BUSINESSES. 4) ADVANCING DESIGN AND FUNDRAISING FOR THE DEVELOPMENT OF A 39-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. 5) ACQUIRED A 1,700 SQUARE FOOT FORMER RESTAURANT TO RENOVATE AND LEASE AS A COMMERCIAL KITCHEN AND/OR RESTAURANT.IN ADDITION TO REDESIGN'S OWN DEVELOPMENT PROJECTS, REDESIGN PROVIDED CONSULTING SERVICES TO MULTIPLE PEOPLE-OF-COLOR OWNED BUSINESSES TO PROVIDE TRAINING IN REAL ESTATE DEVELOPMENT TO NEW AND EMERGING DEVELOPERS AND SMALL BUSINESS OWNERS TO ACQUIRE AND DEVELOP NEW PROJECTS. 1669199 1173269 COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OPERATES MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOW AND SEWARD NEIGHBORHOODS INCLUDING THE 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 THE 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- AND WHOLLY-OWNED BY REDESIGN RESPECTIVELY. 281667 483398 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 2023, REDESIGN PROVIDED TECHNICAL ASSISTANCE TO MORE THAN 50 SMALL BUSINESS CLIENTS AND LOANS TO 2 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. 70091 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. 176397 72233 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. 246488 72233 2625408 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 39 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 CLAUDIA KLINKHAMMER VP DEVELOPMENT 1.00 X X 0 0 0 TESHOME TESH BELAYNEH SECRETARY 3.00 X X 0 0 0 EMILY SMOAK BOARD MEMBER 1.00 X 0 0 0 CHRISTINE DIINDIISI MCCLEAVE BOARD MEMBER THROUGH 6/23 1.00 X 0 0 0 ABDULLAHI MOHAMED BOARD MEMBER THROUGH 8/23 1.00 X 0 0 0 LISA MIDDAG BOARD MEMBER 1.00 X 0 0 0 SHELDON MAINS PRESIDENT 3.00 X X 0 0 0 EWART MARTENS BOARD MEMBER 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 ANTHONY SCALLON VP ADMINISTRATION 3.00 X X 0 0 0 ADAM ANNIS BOARD MEMBER 1.00 X 0 0 0 MILISSA PAHL BOARD MEMBER 1.00 X 0 0 0 ROBBIE SELTZER BOARD MEMBER 1.00 X 0 0 0 MARNE ZAFAR BOARD MEMBER 1.00 X 0 0 0 ANDY HESTNESS EXECUTIVE DIRECTOR 40.00 X 146300 0 15762 146300 0 15762 1 0 1 0 STRONG ARM PROTECTION LLC 1611 RIVER ROCK DR CARVER MN 55315 SECURITY SERVICES 237672 EG SERVICES 305 SAINT PETERS STREET SAINT PAUL MN 55102 ENERERGY MANAGMENT AND CONSERVATION CONS 227716 NONPROFIT MAVENS 6813 NEWTON AVE S RICHEFIELD MN 55423 ACCOUNTING SERVICES 188879 WATSON-FORSBERG CO 6465 WAYZATA BLVD SUITE 110 MINNEAPOLIS MN 55426 CONSTRUCTION SERVICES 152397 4 156264 2009673 2165937 DEVELOPER FEES 531390 1692599 1692599 RENTAL REVENUE 531110 1190818 1190818 INTEREST ON NOTES RECE 531390 459192 459192 MANAGEMENT FEES 531310 72233 72233 MISCELLANEOUS 900099 24206 24206 3439048 4152 4152 17549 -17549 -17549 -17549 5591588 3421499 0 4152 163261 106120 32652 24489 476943 452697 24077 169 14857 14548 309 47578 43903 3248 427 54389 47781 4666 1942 38912 38912 128030 61338 66692 148709 148709 11285 9914 968 403 40404 25380 14174 850 265997 265997 645840 645840 383775 380484 3291 43182 42043 804 335 MAINTENANCE 217938 214063 3875 MISCELLANEOUS 72463 64290 5772 2401 DUES AND SUBSCRIPTIONS 35182 30996 2956 1230 BAD DEBT 32393 32393 2821138 2625408 163484 32246 4933370 4339822 356222 706977 34303 19274 13323598 3402777 6628469 9920821 7896329 20537067 19848693 35523961 398465 510147 1500000 10388317 21864508 275507 270261 11062289 24144916 X 4573509 7618787 4212895 3760258 8786404 11379045 19848693 35523961 X 2770450 -168315 -9494 X X 0 1 X 1 0 X 375695 314804 1155374 4278494 1165937 7290304 1334702 1444801 1470946 1726331 2979856 8956636 1710397 1759605 2626320 6004825 4145793 16246940 0 0 0 16246940 9014 1908 11758 17332 4152 44164 9014 1908 11758 17332 4152 44164 1719411 1761513 2638078 6022157 4149945 16291104 0.99730 0.99670 0.00270 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4051253 4051253 8008904 3402777 4606127 1263441 1263441 9920821 EQUITY IN SUBSIDIARY 2239786 C DEVELOPMENT IN PROGRESS 1228661 F NOTES RECEIVABLE 17068620 C 20537067 CITY ASSESSMENTS 92704 SECURITY DEPOSITS AND ESCROWS 153872 OTHER ACCRUAL 23685 270261 X PART X, LINE 2: 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. 0 0 0 0 0 0 0 0 0 ANDY HESTNESS EXECUTIVE DIRECTOR 146300 0 0 0 0 0 0 0 15762 0 162062 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: CHANGE IN ALLOWANCE FOR NOTES RECEIVABLE -9,494. FORM 990, PAGE 12, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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