2021-08-05T17:15:33-05:00 2020-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2020-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 CHRISTOPHER ROMANO EXECUTIVE DIRECTOR 6123388729 2021-08-04 1 CHRISTOPHER ROMANO 999009999 LANCE BROCK P01919631 6512276695 2021-08-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTOPHER ROMANO 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 3021553 0 X WWW.SEWARDREDESIGN.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 11 11 8 15 0 0 375695 314804 1334702 1444801 9014 -295 0 0 1719411 1759310 0 0 0 0 547294 579190 0 0 45542 1296345 1080238 1843639 1659428 -124228 99882 10985057 11901310 6569315 7362626 4415742 4538684 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 191749 422533 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, GREATER LONGFELLOW AND SURROUNDING NEIGHBORHOODS.IN 2020, REDESIGN COMPLETED THE FULL RENOVATION OF THE FOCUS ARTS BUILDING, A 20,000 SQUARE FOOT SMALL BUSINESS AND COMMUNITY ORGANIZATION INCUBATOR THAT TODAY HOUSES SIX ORGANIZATIONS, ALL OF WHICH ARE PEOPLE-OF-COLOR AND/OR WOMAN-LED. THIS PROPERTY WAS PREVIOUSLY BLIGHTED AND POLLUTED. IN 2020 REDESIGN ALSO SECURED CONSTRUCTION FINANCING AND BEGAN CONSTRUCTION ON THE BESSEMER DEVELOPMENT, 128-UNIT HOUSING PROJECT IN THE SEWARD COMMUNITY. COLLECTIVELY THESE TWO DEVELOPMENTS CONTRIBUTE TO THE SEWARD COMMONS REDEVELOPMENT SITE. ADDITIONALLY IN 2020, REDESIGN SECURED AN OPTION TO PURCHASE 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.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. 946638 885826 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, 2210 EAST 32ND, FIVE SQUARE, VERNA AND FOCUS ARTS BUILDING. 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. ALL OF REDESIGN'S PROPERTIES ARE MANAGED FOR LONG-TERM SUSTAINABILITY TO ENSURE AFFORDABLE AND ACCESSIBLE COMMERCIAL SPACE.REDESIGN LEASES AND DIRECTLY MANAGES ALL OF 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 PROPERTIES THAT ARE PARTLY AND WHOLLY OWNED BY REDESIGN. 151807 47999 INFRASTRUCTURE PLANNING AND ADVOCACYREDESIGN 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. PLANS FACILITATED BY REDESIGN FOR INFRASTRUCTURE IMPROVEMENTS WERE IMPLEMENTED FOR RECONSTRUCTION BY HENNEPIN COUNTY AND MINNEAPOLIS PUBLIC WORKS TO CONSOLIDATE THE INTERSECTION AT FRANKLIN AND CEDAR/MINNEHAHA AND TO CREATE A LEFT-TURN FROM SOUTHBOUND CEDAR TO EAST 22ND STREET.ADDITIONALLY, REDESIGN LED A MULTI-YEAR PROCESS TO ACHIEVE CONSENSUS BETWEEN THE COMMUNITY, MINNEAPOLIS AND HENNEPIN COUNTY PUBLIC WORKS AND MNDOT TO REDEVELOP THE BRIDGE CROSSINGS OVER I94 BETWEEN SEWARD AND THE WEST BANK NEIGHBORHOODS, INCLUDING THE REPLACEMENT OF AN UNSAFE PEDESTRIAN BRIDGE. A CONSENSUS PLAN WAS FINALIZED AND APPROVED IN 2020. REDESIGN IS ALSO ACTIVELY PURSUING PLANS WITH MINNEAPOLIS AND HENNEPIN COUNTY TO COMPLETE A PEDESTRIAN BIKE/PATH CONNECTION BETWEEN FRANKLIN AVENUE AND THE LRT PED/BIKE PATH SOUTH OF EAST 22ND STREET IN CONJUNCTION WITH REDESIGN DEVELOPMENTS AT SEWARD COMMONS. 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. REDESIGN ENGAGES 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 ALL RESIDENTS, INCLUDING COMMUNITIES-OF-COLOR, IMMIGRANT COMMUNITIES AND THOSE OF LOW AND MODERATE INCOME. 118226 86200 BUSINESS DEVELOPMENT AND GROWTHREDESIGN SEEKS OUT AND ATTRACTS NEW BUSINESSES TO THE SEWARD, GREATER LONGFELLOW AND NEIGHBORING COMMUNITIES BY PROVIDING TECHNICAL ASSISTANCE, ACCESS TO LOW COST LOAN CAPITAL AND REAL ESTATE DEVELOPMENT ASSISTANCE. IN 2020, REDESIGN PROVIDED COVID-RELIEF SERVICES AND RELATED TECHNICAL ASSISTANCE TO 50+ SMALL BUSINESS CLIENTS, ENSURING THAT FEDERAL AND LOCAL FUNDING SOURCES WERE AVAILABLE TO 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 THE HIAWATHA REVOLVING LOAN FUND WHICH MAKES 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. 118226 86200 1408420 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 29 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 BOARD MEMBER 1.00 X 0 0 0 D'ANGELOS SVENKESON VP OF ADMINISTRATION 1.00 X X 0 0 0 CHRIS ROMANO EXECUTIVE DIRECTOR 40.00 X 133145 0 3788 BRIAN MILLER FORMER EXECUTIVE DIRECTOR 40.00 X 53670 0 672 186815 0 4460 1 0 0 0 0 314804 314804 RENTAL REVENUE 531110 885826 885826 DEVELOPER FEES 531390 295270 295270 CONTRACT REVENUES 900099 86200 86200 MISCELLANEOUS 900099 69506 69506 HOLDING COSTS 531390 60000 60000 47999 47999 1444801 1948 1948 1260000 1262243 -2243 -2243 -2243 1759310 1442558 0 1948 191275 125634 45101 20540 314293 216327 83211 14755 17003 11842 4251 910 16070 10749 4198 1123 40549 27444 10295 2810 2802 2802 42985 8449 34536 19703 19703 507 343 129 35 30532 18881 10026 1625 249715 249715 243709 243709 239767 239767 18519 15922 2040 557 MAINTENANCE 154090 154090 MISCELLANEOUS 48664 35292 10505 2867 BAD DEBT 21944 21944 DUES AND SUBSCRIPTIONS 4901 3407 1174 320 2400 2400 1659428 1408420 205466 45542 3554460 3977628 421053 456039 4099 8291 8245334 2388182 3927274 5857152 3078171 1602200 10985057 11901310 583341 828724 50000 0 8823 11689 5716560 6399119 210591 123094 6569315 7362626 X 3437972 3835789 977770 702895 4415742 4538684 10985057 11901310 X 99882 23060 X X 0 1 X 1 0 X 217723 208173 187794 375695 314804 1304189 1114541 2411275 2350429 1334702 1444801 8655748 1332264 2619448 2538223 1710397 1759605 9959937 0 0 0 9959937 10026 8451 9096 9014 1908 38495 10026 8451 9096 9014 1908 38495 1342290 2627899 2547319 1719411 1761513 9998432 0.99610 0.99500 0.00390 0.00500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1347712 1347712 6713318 2218633 4494685 184304 169549 14755 5857152 EQUITY IN SUBSIDIARY 589960 C DEVELOPMENT IN PROGRESS 523254 F NOTES RECEIVABLE 488986 C 1602200 CITY ASSESSMENTS 123094 123094 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. 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 23,060. 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 270732 896467 SEWARD REDESIGN INC 3300 LAKE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 461943492 COMMERCIAL REAL ESTATE MN 120345 824821 SEWARD REDESIGN INC FIVE SQUARE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 821129988 COMMERCIAL REAL ESTATE MN 221963 1723984 SEWARD REDESIGN INC 2200 GATEWAY LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 813287110 COMMERCIAL REAL ESTATE MN 164189 930991 SEWARD REDESIGN INC FOCUS ARTS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 844192185 COMMERCIAL REAL ESTATE MN 126663 2703996 SEWARD REDESIGN INC PHASE III A LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 850510734 RENTAL REAL ESTATE MN 16228 295728 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 1888 24045 0 1 0.03100 2610 PARTNERS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 463102571 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 17751 703730 0 1 0.50000 CRS HOUSING GP LLC 328 WEST KELLOGG BLVD ST PAUL MN 55102 463015721 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 22 5506 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1