2022-09-20T16:53:17-05:00 2021-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2021-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 ANDY HESTNESS EXECUTIVE DIRECTOR 6123388729 2022-08-31 1 ANDY HESTNESS 999009999 LANCE BROCK P01919631 6512276695 2022-08-31 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANDY HESTNESS 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 2638078 0 X REDESIGNINC.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 14 14 8 22 0 0 314804 1155374 1444801 1470946 -295 11758 0 0 1759310 2638078 0 0 0 0 579190 560989 0 0 55753 1080238 1296158 1659428 1857147 99882 780931 11901310 17574323 7362626 12157656 4538684 5416667 X REDESIGN ENGAGES THE ENERGY AND CREATIVITY OF RESIDENTS AND BUSINESSES TO IMPLEMENT DEVELOPMENT THAT RESPONDS TO COMMUNITY PRIORITIES AND CREATES LIVING-WAGE JOBS, AFFORDABLE HOUSING, AND A VIBRANT LOCAL ECONOMY. 0 0 302386 113967 REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATEDEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW- AND MODERATE-INCOMERESIDENTS, WOMEN AND PEOPLE-OF-COLOR WITHIN THE SEWARD AND GREATER LONGFELLOWNEIGHBORHOODS.IN 2021, REDESIGN PURCHASED THREE PROPERTIES:1) AN 80,000 SQUARE FOOT HISTORIC COMMERCIAL BUILDING ON LAKE STREET ANDWILL REDEVELOP THIS PROPERTY IN PARTNERSHIP WITH PEOPLE-OF-COLOR LEDENTITIES, ENSURING THE EQUITABLE RECOVERY OF THE LAKE STREET COMMERCIALCORRIDOR,2) A 2,600 SQUARE FOOT OFFICE BUILDING IN THE SEWARD NEIGHBORHOOD, AND3) A 6,800 SQUARE FOOT RETAIL/OFFICE BUILDING FOR REDEVELOPMENT AND SALE TOAN EXISTING BUSINESS TENANT, AND VACANT LAND TO PROVIDE FOR FUTURE NEWHOUSING DEVELOPMENT.CURRENTLY, REDESIGN IS COMPLETING THE PROCESS FOR FINANCING AND DEVELOPMENT OFA 32-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONSIN PARTNERSHIP WITH NOOR COMPANIES. MANY OF THESE UNITS WILL BE THREE- ANDFOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES. CLOSING AND CONSTRUCTIONSTART ARE ANTICIPATED FOR THE FALL OF 2022.CURRENTLY, REDESIGN IS COMPLETING THE PROCESS FOR FINANCING AND DEVELOPMENT OF A 32-UNIT APARTMENT PROJECT DESIGNED FOR LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NOOR COMPANIES. AT LEAST 50% OF THESE UNITS WILL BE THREE- AND FOUR-BEDROOM UNITS, SUITABLE FOR LARGER FAMILIES. CLOSING AND CONSTRUCTION START ARE ANTICIPATED FOR THE FALL OF 2021 AND FALL OF 2022 RESPECTIVELY. 1023518 1103107 COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OPERATES MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOWAND SEWARD NEIGHBORHOODS INCLUDING FRANKLIN EAST, 3300 EAST LAKE, 2610 EAST32 ND , FIVE SQUARE, VERNA AND FOCUS ARTS BUILDINGS. ALL OF THESE PROPERTIES ARELEASED TO MULTIPLE SMALL BUSINESS AND COMMUNITY ORGANIZATION TENANTS, THEGREAT MAJORITY OF WHICH ARE WOMEN, PEOPLE-OF-COLOR AND/OR IMMIGRANT OWNED. ALLOF REDESIGN'S PROPERTIES ARE MANAGED FOR LONG-TERM SUSTAINABILITY TO ENSUREAFFORDABLE AND ACCESSIBLE COMMERCIAL SPACE.REDESIGN LEASES AND DIRECTLY MANAGES ALL OF THE COMMERCIAL PROPERTIES THAT ITOWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICESFOR OTHER PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD TO ENSURE LONG-TERMAFFORDABILITY AND HIGH-QUALITY PHYSICAL MAINTENANCE. THESE PROPERTIES INCLUDESEWARD TOWERS EAST AND WEST AND TWO RESIDENTIAL TOWNHOUSE PROPERTIES THAT AREPARTLY OR WHOLLY OWNED BY REDESIGN. 139543 58676 INFRASTRUCTURE PLANNING AND ADVOCACYREDESIGN WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN ANDADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FORPEDESTRIANS AND BICYCLISTS IN PARTICULAR, AND THOSE CHANGES THAT WILL ADDRESSCLIMATE CHANGE, INCLUDING INCREASED USE OF SOLAR ENERGY.REDESIGN ORGANIZED A MULTI-NEIGHBORHOOD COLLABORATION AND ADVISORY GROUP TOGENERATE ENGINEERING RECOMMENDATIONS FROM A COMMUNITY PERSPECTIVE TO GUIDE THEMINNESOTA DEPARTMENT OF TRANSPORTATION'S FUTURE RENOVATIONS OF THE I-94CORRIDOR. A COMMUNITY-SUPPORTED REPORT WAS GENERATED AS A RESULT OF THISPROCESS.REDESIGN IS ACTIVELY PURSUING PLANS WITH MINNEAPOLIS AND HENNEPIN COUNTY TOCOMPLETE A PEDESTRIAN BIKE/PATH CONNECTION BETWEEN FRANKLIN AVENUE AND THE LRTPED/BIKE PATH SOUTH OF EAST 22ND STREET IN CONJUNCTION WITH REDESIGNDEVELOPMENTS AT SEWARD COMMONS.REDESIGN HAS PROVIDED TECHNICAL ASSISTANCE TO SEVERAL BUSINESSES TO INSTALLSOLAR ARRAYS ON THEIR ROOF. REDESIGN HAS ALSO ADDED SOLAR TO THE ROOFS ATFRANKLIN EAST AND THE COOPERAGE.REDESIGN ENGAGES EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS INPROACTIVE PLANNING FOR FUTURE DEVELOPMENT AND TO ADVOCATE ON BEHALF OFCOMMUNITY-BASED DEVELOPMENT THAT SERVES THE NEEDS OF ALL RESIDENTS, INCLUDINGCOMMUNITIES-OF-COLOR, IMMIGRANT COMMUNITIES AND THOSE OF LOW AND MODERATEINCOME. 138361 195196 BUSINESS DEVELOPMENT AND GROWTHREDESIGN SEEKS OUT AND ATTRACTS NEW BUSINESSES TO THE SEWARD AND GREATERLONGFELLOW NEIGHBORHOODS BY PROVIDING TECHNICAL ASSISTANCE, ACCESS TO LOW COSTLOAN CAPITAL AND REAL ESTATE DEVELOPMENT ASSISTANCE. IN 2021, REDESIGNPROVIDED TECHNICAL ASSISTANCE TO 59 SMALL BUSINESS CLIENTS AND AND LOANS TO 7,WITH AN EMPHASIS ON NAVIGATING THE IMPACT OF COVID-19 PANDEMIC AND REBUILDINGFOLLOWING THE CIVIL UNREST DAMAGE ALONG EAST LAKE STREET THAT OCCURED IN THESUMMER OF 2020 IMPACTING MANY SMALL BUSINESSES. OUR FOCUS IS ON REACHINGBUSINESSES THAT HAVE NOT ALWAYS ENJOYED EQUAL ACCESS TO SUPPORT INCLUDINGIMMIGRANT, PEOPLE-OF-COLOR AND WOMAN-OWNED ENTERPRISES.REDESIGN PROVIDES COMMERCIAL BROKERAGE SERVICES TO LOCAL BUSINESSES TO ASSISTTHEM IN FINDING SPACE TO LEASE OR PROPERTIES TO PURCHASE IN THE COMMUNITY,INCLUDING DEVELOPING PLANS FOR THE IMPROVEMENT OF SPACES AND THE FINANCING FORTHOSE IMPROVEMENTS.REDESIGN ALSO MANAGES TWO LOAN POOLS THAT MAKE BELOW-MARKET LOANS TO SMALLBUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY AND PROMOTE THE SUCCESS OFLOCAL COMMERCIAL CORRIDORS. MOST OF THESE BORROWERS WOULD NOT OTHERWISE HAVEACCESS TO NEEDED AND EQUITABLE CAPITAL. 138361 195196 1603808 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 0 0 0 0 1 1 0 0 0 1 37 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 ANDY HESTNESS VP OF DEVELOPMENT 3.00 X X 0 0 0 ANNA GROWCOTT BOARD MEMBER 1.00 X 0 0 0 CAROL CARRIER BOARD MEMBER 1.00 X 0 0 0 TONY SCALLON BOARD MEMBER 1.00 X 0 0 0 EWART MARTENS BOARD MEMBER 1.00 X 0 0 0 SHELDON MAINS PRESIDENT 3.00 X X 0 0 0 SUZANNE WEINSTEIN SECRETARY 3.00 X X 0 0 0 TADD KELLY TREASURER 3.00 X X 0 0 0 EDWARD LANDENBERGER BOARD MEMBER 1.00 X 0 0 0 ABDULLAHI MOHAMED VP OF ADMINISTRATION 1.00 X 0 0 0 D'ANGELOS SVENKESON BOARD MEMBER 1.00 X 0 0 0 CHRISTINE DIINDIISI MCCLEAVE BOARD MEMBER 1.00 X 0 0 0 ADBI MOALLIN BOARD MEMBER 1.00 X 0 0 0 EMILY SMOAK BOARD MEMBER 1.00 X 0 0 0 CHRIS ROMANO EXECUTIVE DIRECTOR 40.00 X 146697 0 8380 146697 0 8380 1 0 0 0 0 172200 983174 1155374 RENTAL REVENUE 531110 1103107 1103107 GRANT REVENUES 900099 184653 184653 DEVELOPER FEES 531390 113967 113967 MANAGEMENT FEES 531310 58676 58676 MISCELLANEOUS 900099 10543 10543 1470946 11758 11758 2638078 1470946 0 11758 155077 93046 38769 23262 330759 257994 54234 18531 11949 9676 1830 443 22720 16493 4272 1955 40484 29339 7708 3437 15845 15845 65969 21980 43989 103975 103975 115 83 22 10 58796 22813 33695 2288 213495 213495 238489 238489 324886 324886 21830 19747 1441 642 MAINTENANCE 179925 179925 MISCELLANEOUS 58949 45493 9306 4150 DUES AND SUBSCRIPTIONS 12185 8830 2320 1035 BAD DEBT 1699 1699 1857147 1603808 197586 55753 3977628 4623831 456039 252960 8291 20093 12576648 2699905 5857152 9876743 1602200 2800696 11901310 17574323 828724 514426 11689 0 6399119 11529719 123094 113511 7362626 12157656 X 3835789 4634772 702895 781895 4538684 5416667 11901310 17574323 X 780931 97052 X X 0 1 X 1 0 X 208173 187794 375695 314804 1155374 2241840 2411275 2350429 1334702 1444801 1470946 9012153 2619448 2538223 1710397 1759605 2626320 11253993 0 0 0 11253993 8451 9096 9014 1908 11758 40227 8451 9096 9014 1908 11758 40227 2627899 2547319 1719411 1761513 2638078 11294220 0.99640 0.99610 0.00360 0.00390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3873395 3873395 8703253 2699905 6003348 9876743 EQUITY IN SUBSIDIARY 1140739 C DEVELOPMENT IN PROGRESS 559336 F NOTES RECEIVABLE 1100621 C 2800696 CITY ASSESSMENTS 113511 113511 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. 0 0 0 0 0 0 0 0 0 CHRIS ROMANO EXECUTIVE DIRECTOR 146697 0 0 0 0 0 0 0 8380 0 155077 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 29,332. CHANGE IN ALLOWANCE FOR NOTES RECEIVABLE 67,720. 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 8339 598633 SEWARD REDESIGN INC 3300 LAKE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 461943492 COMMERCIAL REAL ESTATE MN 113690 825387 SEWARD REDESIGN INC FIVE SQUARE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 821129988 COMMERCIAL REAL ESTATE MN 239433 1700679 SEWARD REDESIGN INC 2200 GATEWAY LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 813287110 COMMERCIAL REAL ESTATE MN 168123 957058 SEWARD REDESIGN INC FOCUS ARTS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 844192185 COMMERCIAL REAL ESTATE MN 216832 2469462 SEWARD REDESIGN INC PHASE III A LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 850510734 RENTAL REAL ESTATE MN 529273 1145501 SEWARD REDESIGN INC DOWNTOWN LONGFELLOW LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 872074390 COMMERCIAL REAL ESTATE MN 8418 1064733 SEWARD REDESIGN INC LONGFELLOW COLISEUM LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 871272102 COMMERCIAL REAL ESTATE MN 0 2400481 SEWARD REDESIGN INC FRANKLIN EAST LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 364994775 COMMERCIAL REAL ESTATE MN 51911 1637509 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 904 25311 0 1 0.03100 2610 PARTNERS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 463102571 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 29919 695250 0 1 0.50000 CRS HOUSING GP LLC 328 WEST KELLOGG BLVD ST PAUL MN 55102 463015721 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 23 5484 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1