2018-07-12T14:10:48-05:00 2017-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2017-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 BRIAN MILLER EXECUTIVE DIRECTOR 6123388729 2018-07-10 1 LANCE BROCK P01919631 6512276695 2018-07-10 2017 2022-09-23 18:48:47Z BRIAN MILLER 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 2627899 0 X WWW.SEWARDREDESIGN.ORG X 1969 MN BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES. 10 10 7 21 0 0 217723 208173 1114541 2411275 10026 8451 0 0 1342290 2627899 0 0 0 0 441305 463921 0 0 15334 855360 965900 1296665 1429821 45625 1198078 7568907 10004825 5118662 6364400 2450245 3640425 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 274771 1361045 REAL ESTATE DEVELOPMENT - WORK TO FACILITATE THE IMPLEMENTATION OF RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS WITHIN THE GREATER LONGFELLOW COMMUNITY AND THE SURROUNDING NEIGHBORHOODS THAT SERVE THE NEEDS OF LOW AND MODERATE INCOME RESIDENTS.IN 2015, REDESIGN IN PARTNERSHIP WITH COMMONBOND COMMUNITIES COMPLETED THE LEASE-UP OF 60 APARTMENTS FOR LOW-INCOME SENIORS AT THE COOPERAGE, PHASE II OF THE SEWARD COMMONS REDEVELOPMENT. REDESIGN AND COMMONBOND ALSO FINALIZED A PARTNERSHIP FOR THE REFINANCING AND RENOVATION OF 640 AFFORDABLE APARTMENTS AT SEWARD TOWERS EAST AND WEST, INCLUDING A 20-YEAR EXTENSION OF THE SECTION 8 CONTRACT. 868849 894296 RENTAL PROPERTY OPERATIONS - OPERATION OF THE FRANKLIN EAST OFFICE BUILDING IN THE GREATER LONGFELLOW COMMUNITY AND THE SEWARD COMMONS DEVELOPMENT.THE FRANKLIN EAST BUILDING CONTINUES TO BE FULLY LEASED WITH THE ADDITION OF LANDREAU INSURANCE AGENCY, A BI-LINGUAL AGENCY THAT SPECIALIZES IN SERVING SMALL BUSINESSES. THE LOWER LEVEL OF FRANKLIN EAST CONTINUES TO FUNCTION AS INCUBATOR SPACE FOR SMALL BUSINESSES AS DO THE REMAINING BUILDINGS AT SEWARD COMMONS. REDESIGN COMPLETED THE LEASE UP OF 3300 EAST LAKE AND PLACED PERMANENT FINANCING. REDESIGN ALSO COMPLETED THE LEASE-UP OF 2610 EAST 32ND STREET, AN OFFICE AND MANUFACTURING BUILDING WITH MULTIPLE SMALL BUSINESS TENANTS. 145900 98658 BUSINESS DEVELOPMENT/COMMUNITY PLANNING - WORK TO ATTRACT 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 TO ENGAGE 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 LOW AND MODERATE INCOME RESIDENTS.IN 2015, REDESIGN WAS ABLE TO FINALIZE A CONSENSUS BETWEEN RESIDENTS, BUSINESSES AND 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. PLANS WERE ALSO FINALIZED FOR THE RECONSTRUCTION OF SNELLING AVENUE AND EAST 24TH STREET AS PART OF THE SEWARD COMMONS REDEVELOPMENT. 44581 57276 ASSET MANAGEMENT - WORK TO ENSURE THE LONG TERM AFFORDABILITY AND PHYSICAL MAINTENANCE OF KEY RESIDENTIAL AND COMMERCIAL PROPERTIES WITHIN THE SEWARD NEIGHBORHOOD, INCLUDING PROPERTIES THAT ARE PARTLY AND WHOLLY OWNED BY SEWARD REDESIGN. 44581 57276 1334101 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 17 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 10 10 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 TONY SCALLON 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 KATIE ROTH BOARD MEMBER 1.00 X 0 0 0 EWART MARTENS BOARD MEMBER 1.00 X 0 0 0 MELISSA PAHL 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 SHELDON MAINS BOARD MEMBER 1.00 X 0 0 0 BRIAN MILLER EXECUTIVE DIRECTOR 40.00 X 141421 0 15577 141421 0 15577 1 0 1 0 0 208173 208173 DEVELOPER FEES 531390 1361045 1361045 RENTAL REVENUE 531110 894163 894163 CONTRACT REVENUES 900099 98658 98658 MANAGEMENT FEES 531310 57276 57276 MISCELLANEOUS 900099 133 133 2411275 8451 8451 2627899 2411275 0 8451 156998 136588 15700 4710 231823 212286 12545 6992 20360 17713 2036 611 21719 20534 528 657 33021 29666 2361 994 36758 36758 43410 79 43331 1808 1625 129 54 34845 31709 2394 742 306226 306226 152820 152820 169073 169073 23205 22864 240 101 MAINTENANCE 112297 112297 PROJECT EXPENSE 48817 48817 BAD DEBTS 16244 16244 MISCELLANEOUS 13933 12995 660 278 6464 5807 462 195 1429821 1334101 80386 15334 2287938 3245603 128889 104399 1372 2784 5198428 1686582 1889488 3511846 3261220 3140193 7568907 10004825 359136 323103 50000 50000 4452345 5749635 257181 241662 5118662 6364400 X 1731248 2858928 718997 781497 2450245 3640425 7568907 10004825 X 1198078 -7898 X X 0 1 X 1 0 X 63435 177144 42758 217723 208173 709233 1970037 1386810 1351236 1114541 2411275 8233899 2033472 1563954 1393994 1332264 2619448 8943132 0 0 0 8943132 4742 14053 11348 10026 8451 48620 4742 14053 11348 10026 8451 48620 2038214 1578007 1405342 1342290 2627899 8991752 0.99460 0.99370 0.00540 0.00630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 541000 541000 4506235 1582774 2923461 151193 103808 47385 3511846 EQUITY IN SUBSIDIARY 228877 C DEVELOPMENT IN PROGRESS 2765254 F NOTES RECEIVABLE 146062 C 3140193 CITY ASSESSMENTS 241662 241662 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 141421 0 0 0 0 0 0 0 15577 0 156998 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRIAN MILLER, TONY SCALLON AND CAROL CARRIER 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 LOSS FROM 2610 PARTNERS -7,898. 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 356151 3183328 SEWARD REDESIGN INC FRANKLIN EAST COMMERCIAL LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 374081 1178949 SEWARD REDESIGN INC 3300 LAKE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 111770 800559 SEWARD REDESIGN INC FIVE SQUARE LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 COMMERCIAL REAL ESTATE MN 88364 1810866 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 1840 16488 1 1 0.03100 2610 PARTNERS LLC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 463102571 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED -5793 697219 1 1 0.50000 CRS HOUSING GP LLC 328 WEST KELLOGG BLVD ST PAUL MN 55102 463015721 RENTAL REAL ESTATE MN SEWARD REDESIGN RELATED -25 5572 1 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1