2020-07-08T12:54:19-05:00 2019-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2019-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 CHRISTOPHER ROMANO EXECUTIVE DIRECTOR 6123388729 2020-06-04 1 LANCE BROCK P01919631 6512276695 2020-06-04 24.118.61.118 2020-06-04 11:49:22 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8FCC0AE5B5C62EA2E1ECCE65A8D774828604CBA2 2019 2020-09-23 17:36:50Z CHRISTOPHER ROMANO 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 1719411 0 X WWW.SEWARDREDESIGN.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 12 12 7 12 0 0 187794 375695 2350429 1334702 9096 9014 0 0 2547319 1719411 0 0 0 0 502692 547294 0 0 31943 1186218 1296345 1688910 1843639 858409 -124228 10840755 10985057 6318704 6569315 4522051 4415742 X 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. 0 0 324599 193256 REAL ESTATE DEVELOPMENT-HOUSING REDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW AND MODERATE-INCOME RESIDENTS, WOMEN AND MINORITIES WITHIN 20-YEAR EXTENSION OF THE SECTION 8 CONTRACT THE SEWARD NEIGHBORHOOD, THE GREATER LONGFELLOW COMMUNITY, AND THE SURROUNDING NEIGHBORHOODS.IN THE LAST FEW YEARS, REDESIGN IN PARTNERSHIP WITH COMMONBOND COMMUNITIES COMPLETED THE LEASE-UP OF 60 APARTMENTS FOR VERY LOW-INCOME SENIORS AT THE COOPERAGE, AND THE REFINANCING AND RENOVATION OF 640 AFFORDABLE APARTMENTS AT SEWARD TOWERS EAST AND WEST.REDESIGN ALSO COMPLETED 20-YEAR EXTENSIONS OF THE SECTION 8 CONTRACTS AT MATTHEWS PARK HOUSING AND MILWAUKEE AVENUE TOWNHOMES, HOUSING FOR VERY LOW-INCOME FAMILIES.REDESIGN HAS WORKED WITH A PRIVATE DEVELOPMENT PARTNER, SCHAFER RICHARDSON, TO COMPLETE THE DESIGN AND FINALIZE ALL APPROVALS, FINANCING AND CONSTRUCTION OF BESSEMER APARTMENTNS, A 128-UNIT APARTMENT PROJECT AT SEWARD COMMONS. CLOSING AND CONSTRUCTION START ARE TARGETED FOR LATE SPRING 2020 WITH LEASE-UP AND OCCUPANCY IN THE FALL OF 2021.REDESIGN HAS BEGUN THE PROCESS FOR FINANCING AND DEVELOPMENT OF A 32-UNIT APARTMENT PROJECT FOR VERY LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NAWAL NOOR, THE MAJORITY OF WHICH WILL BE THREE- AND FOUR-BEDROOM UNITS. CLOSING AND COSTRUCTION START ARE ANTICIPATED FOR THE SPRING OF 2021 OR 2022. 1039085 986232 COMMERIAL PROPERTY REDEVELOPMENT AND MANAGEMENTREDESIGN CONTINUES TO OPERATE MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOW COMMUNITY INCLUDING THE FRANKLIN EAST OFFICE BUILDING, 3300 EAST LAKE AND 2210 EAST 32ND STREET. IN 2018, REDESIGN PURCHASED, REFINANCED AND RENOVATED 2200 MINNEHAHA AVENUE AND IN 2018-2019 PURCHASED, FINANCED AND RENOVATED 2500 EAST FRANKLIN. BOTH ARE FULLY LEASED TO MULTIPLE SMALL BUSINESS TENANTS, THE GREAT MAJORITY OF WHICH ARE WOMEN AND MINORITY-OWNED.IN LATE 2019, REDESIGN CLOSED ON THE ACQUISITION AND FINANCING FOR THE FOCUS ARTS BUILDING, A MULTI-TENANT COMMERCIAL BUILDING AT 2215 SNELLING AVENUE. ARTS ORGANIZATIONS WILL BE GIVEN PRIORITY FOR LEASING WITH THE INTENTION OF MAINTAINING RENTS AT LEVELS AFFORDABLE FOR THE LONG TERM.REDESIGN LEASES AND MANAGES ALL OF THE COMMERCIAL PROPERTIES THAT IT OWNS. 220754 110964 BUSINESS DEVELOPMENTREDESIGN SEEKS OUT AND ATTRACTS 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 BY ENGAGING 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 THOSE OF LOW AND MODERATE INCOME.REDESIGN PROVIDES COMMERCIAL BROKERAGE SERVICES TO LOCAL BUSINESSES TO ASSIST THEM IN FINDING SPACE TO LEASE IN THE COMMUNITY 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 THAT OTHERWISE DO NOT HAVE ACCESS TO NEEDED CAPITAL. 122650 44250 INFRASTRUCTURE PLANNING AND ADVOCACYREDESIGN WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN AND ADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FOR PEDESTRIANS AND BICYCLIST IN PARTICULAR AND THOSE CHANGES THAT WILL ADDRESS CLIMATE CHANGE, INCLUDING INCREASED USE OF SOLAR ENERGY. IN RECENT YEARS, 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. REDESIGN HAS CONVENED AND FACILITATED A MULTI-YEAR PROCESS TO ACHIEVE CONSENSUS BETWEEN THE COMMUNITY AND MINNEAPOLIS AND HENNEPIN COUNTY PUBLIC WORKS AND MNDOT TO REDESIGN THE CROSSINGS OVER I94 BETWEEN SEWARD AND THE WEST BANK COMMUNITIES, INCLUIDNG THE REPLACELMENT OF AN UNSAFE PEDESTRIAN BRIDGE. A CONSENSUS PLAN WAS SUBMITTED TO THE COMMUNITY FOR REVIEW IN 2019.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 SOUITH 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, FIVE SQUARE AND THE COOPERAGE AND WILL INSTALL SOLAR ON THE ROOFS AT BESSEMER APARTMENTS, FOCUS ARTS AND WADAAG COMMONS. ASSET MANAGEMENTREDESIGN WORDS TO ENSURE THE LONG-TERM AFFORDABILITY AND PHYSICAL MAINTENANCE OF KEY RESIDENTIAL AND COMMERCIAL PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD AND THE GREATER LONGFELLOW COMMUNITY, INCLUDING SEWARD TOWERS EAST AND WEST AND PROPERTIES THAT ARE PARTLY AND WHOLLY OWNED BY REDESIGN. 122650 44250 1707088 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 25 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 TAL ANDERSON BOARD MEMBER 1.00 X 0 0 0 CAROL CARRIER BOARD MEMBER 1.00 X 0 0 0 GARRY HESSER VP OF ADMINISTRATION 3.00 X 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 BOARD MEMBER 1.00 X 0 0 0 BRIAN MILLER EXECUTIVE DIRECTOR 40.00 X 166020 0 18058 166020 0 18058 1 0 1 0 0 375695 375695 RENTAL REVENUE 531110 986232 986232 DEVELOPER FEES 531390 193256 193256 CONTRACT REVENUES 900099 110964 110964 MANAGEMENT FEES 531310 44250 44250 1334702 9014 9014 1719411 1334702 0 9014 184078 160147 18408 5523 281250 242854 20790 17606 25639 22306 2564 769 18034 15437 791 1806 38293 33158 3201 1934 6207 6207 58321 10735 47586 39109 39109 29282 25355 2448 1479 30717 23197 6248 1272 324997 324997 222196 222196 249419 249419 23563 22703 536 324 MAINTENANCE 186400 186400 FACADE IMPROVEMENT GRAN 75724 75724 MISCELLANEOUS 36397 34775 1011 611 DUES AND SUBSCRIPTIONS 12263 10619 1025 619 1750 1750 1843639 1707088 104608 31943 3917468 3554460 117688 421053 3841 4099 6081647 2154373 4048642 3927274 2753116 3078171 10840755 10985057 327645 583341 50000 50000 8823 5714915 5716560 226144 210591 6318704 6569315 X 3768337 3437972 753714 977770 4522051 4415742 10840755 10985057 X -124228 17919 X X 0 1 X 1 0 X 42758 217723 208173 187794 375695 1032143 1351236 1114541 2411275 2350429 1334702 8562183 1393994 1332264 2619448 2538223 1710397 9594326 0 0 0 9594326 11348 10026 8451 9096 9014 47935 11348 10026 8451 9096 9014 47935 1405342 1342290 2627899 2547319 1719411 9642261 0.99500 0.99440 0.00500 0.00560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 953222 953222 4949622 1986583 2963039 178803 167790 11013 3927274 EQUITY IN SUBSIDIARY 260013 C DEVELOPMENT IN PROGRESS 2643533 F NOTES RECEIVABLE 174625 C 3078171 CITY ASSESSMENTS 210591 210591 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 BRIAN MILLER EXECUTIVE DIRECTOR 142020 0 20000 0 4000 0 0 0 18058 0 184078 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 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. FORM 990, PART XI, LINE 9: SHARE OF INCOME FROM 2610 PARTNERS 17,919. 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 237290844 REHABILITATION OF REAL ESTATE MN 135438 2403051 SEWARD REDESIGN INC FRANKLIN EAST COMMERCIAL LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 358882 988505 SEWARD REDESIGN INC 3300 LAKE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 121696 814633 SEWARD REDESIGN INC FIVE SQUARE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 233966 1747222 SEWARD REDESIGN INC 2200 GATEWAY LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 171056 937367 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 1477 20830 1 1 0.03100 2610 PARTNERS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 463102571 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 16469 689993 1 1 0.50000 CRS HOUSING GP LLC 328 WEST KELLOGG BLVD ST PAUL MN 55102 463015721 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED 22 5528 1 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1