2025-10-15T10:11:18-05:00 2024-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-01-01 237290844 SEWARD REDESIGN INC SEWA 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 ANDY HESTNESS EXECUTIVE DIRECTOR 6123388729 2025-10-14 1 1 ELIZABETH F BARCHENGER P01270090 6512276695 2025-10-14 2024 2025-03-06 01:10:19Z REDESIGN INC ANDY HESTNESS 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 4376715 0 X REDESIGNINC.ORG X 1969 MN REDESIGN BUILDS ECONOMIC JUSTICE IN COLLABORATION WITH THE COMMUNITY BY DEVELOPING AND SUSTAININGAFFORDABLE HOUSING AND COMMERCIAL REAL ESTATE, INVESTING IN ENTREPRENEURS, AND CREATING LIVING WAGEJOBS. 13 13 11 27 0 0 2165937 1015451 3439048 2726310 -13397 547080 0 0 5591588 4288841 0 0 0 0 757028 1127340 0 0 96696 2064110 2689599 2821138 3816939 2770450 471902 35523961 34554998 24144916 22930650 11379045 11624348 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 422395 655914 REAL ESTATE DEVELOPMENTREDESIGN IMPLEMENTS COMMUNITY-DRIVEN REAL ESTATE PROJECTS THAT RESPOND TO COMMUNITY GOALS AND DESIRES. WE TACKLE PROJECTS THAT THE PRIVATE MARKET MIGHT OTHERWISE IGNORE IN SERVICE OF OUR COMMUNITIES' OVERALL VIBRANCY. THESE PROJECTS INCLUDE KEY STRATEGIC COMMERCIAL PROPERTIES, AFFORDABLE HOUSING, AND HOUSING WITH SERVICES FOR PEOPLE LEAVING HOMELESSNESS OR WITH PERSISTENT MENTAL HEALTH NEEDS. REDESIGN ALSO LEVERAGES OUR REAL ESTATE EXPERTISE, REPUTATION, AND CAPITAL TO WORK WITH ASPIRING DEVELOPERS WHO HAVE HISTORICALLY BEEN SHUT OUT OF REAL ESTATE DEVELOPMENT. IN 2024, REDESIGN PARTNERED AND CONSULTED WITH 7 SMALL BUSINESS OWNERS AND ASPIRING DEVELOPERS TO CONDUCT FEASIBILITY ANALYSIS, SUPPORT CONSTRUCTION, ACQUIRE, FINANCE, AND MANAGE 6 PROJECTS IN OUR SERVICE AREA. THIS WORK MOVES PROPERTY OWNERSHIP INTO THE HANDS OF COMMUNITY MEMBERS AND BUILDS LONG-TERM WEALTH. KEY PROJECTS IN 2024 INCLUDE:1. COMPLETING CONSTRUCTION OF THE 85,000 SQUARE FOOT HISTORIC COLISEUM BUILDING WHICH WILL ONCE AGAIN SERVE AS A COMMERCIAL HUB FOR OUR SERVICE AREA.2. BEGINNING CONSTRUCTION OF WADAAG COMMONS, 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.3. CONTINUING COMMUNITY ENGAGEMENT AROUND THE 2800 EAST LAKE STREET SITE TO DETERMINE THE COMMUNITY'S WISHES FOR ITS FUTURE. 2300310 1223556 COMMERCIAL PROPERTY OPERATIONS AND MANAGEMENT FOR COMMUNITY VALUEREDESIGN OWNS AND MANAGES A SIGNIFICANT PORTFOLIO OF REAL ESTATE IN OUR NEIGHBORHOOD, PROVIDING WELL-MANAGED AFFORDABLE COMMERCIAL SPACE AND AFFORDABLE HOUSING. REDESIGN OWNS OR CO-OWNS 9 MULTI-TENANT COMMERCIAL PROPERTIES IN OUR SERVICE AREA, MAKING UP 178,394 SQUARE FEET OF AFFORDABLE COMMERCIAL SPACE THAT WE LEASE TO BUSINESSES AND NONPROFITS IN OUR COMMUNITY AT AFFORDABLE RATES. IN ADDITION, WE OWN OR CO-OWN 6 RESIDENTIAL BUILDINGS, MAKING UP OVER 900 UNITS OF AFFORDABLE HOUSING FOR MEMBERS OF OUR COMMUNITY.REDESIGN LEASES AND DIRECTLY MANAGES THE COMMERCIAL PROPERTIES THAT IT OWNS. ADDITIONALLY, REDESIGN PROVIDES PROPERTY AND ASSET MANAGEMENT SERVICES FOR OTHER PROPERTIES 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. 317071 608656 BUSINESS DEVELOPMENT AND GROWTHREDESIGN SERVES MORE THAN 100 SMALL AND EMERGING BUSINESSES IN OUR NEIGHBORHOOD EACH YEAR THROUGH HANDS-ON, TAILORED TECHNICAL SUPPORT. WE WORK ONE-ON-ONE WITH SMALL BUSINESSES TO PROVIDE HANDS-ON NEEDS ASSESSMENTS, RESOURCES (SUCH AS BUSINESS PLAN WRITING, STRATEGY DEVELOPMENT, MARKETING SUPPORT, ACCOUNTING, ETC.), COACHING, SUPPORT WITH SITE SEARCH, LEASING, PURCHASING NEGOTIATIONS, NAVIGATION THROUGH LICENSING AND PERMITTING PROCESSES, LOW-INTEREST AND PROFIT-BASED FINANCING, AND MORE TO ACCOMPLISH THEIR GOALS. IN 2024, REDESIGN VISITED 123 BUSINESSES AND PROVIDED 936 HOURS OF SERVICES TO 56 SMALL AND EMERGING BUSINESSES. WE SUPPORTED 8 BUSINESSES WITH MORE THAN $17,000 IN MATCHING FUNDS FOR IMPROVING THE LOOK OF THEIR STOREFRONTS, AND LAUNCHED A NEW SERIES OF SMALL BUSINESS SUPPORT WORKSHOPS BASED ON COMMUNITY NEEDS. REDESIGN'S POOL OF LENDING CAPITAL ENABLES US TO SUPPORT CLIENTS WHO OFTEN DO NOT QUALIFY FOR TRADITIONAL LOAN PRODUCTS AND FREQUENTLY HAVE LIMITED OPTIONS FOR ACCESSING CAPITAL. REDESIGN MANAGES MULTIPLE LOAN POOLS THAT MAKE BELOW-MARKET LOANS TO SMALL BUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY AND PROMOTE THE SUCCESS OF THE COMMERCIAL CORRIDORS. IN 2024, REDESIGN ORIGINATED 4 LOANS TOTALING $125,000 FROM OUR POOL OF LOW-INTEREST LOAN CAPITAL. REDESIGN ALSO 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. IN 2024, REDESIGN SUPPORTED 51 BUSINESSES IN LOCATING COMMERCIAL SPACE IN OUR SERVICE AREA TO HOUSE THEIR BUSINESS. 379019 238184 COMMUNITY PLANNING AND INFRASTRUCTURE ADVOCACYREDESIGN ENGAGES EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS IN PROACTIVE PLANNING FOR FUTURE LAND USE AND DEVELOPMENT AND ADVOCATES ON BEHALF OF COMMUNITY-BASED DEVELOPMENT THAT SERVES THE NEEDS OF EVERYONE. REDESIGN ALSO WORKS WITH RESIDENTS, BUSINESSES AND LOCAL INSTITUTIONS TO PLAN AND ADVOCATE FOR INFRASTRUCTURE IMPROVEMENTS, INCLUDING ENHANCEMENTS FOR PEDESTRIANS AND BICYCLISTS IN PARTICULAR, AS WELL AS CHANGES THAT WILL ADDRESS CLIMATE CHANGE INCLUDING INCREASED USE OF SOLAR ENERGY. IN 2024, REDESIGN CONTINUED WORKING ON AN INNOVATIVE AQUIFER THERMAL ENERGY STORAGE SYSTEM THAT WILL HEAT AND COOL AREA BUILDINGS USING ENERGY FROM THE EARTH. 379019 238184 3418795 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 31 0 11 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 3.00 X X 0 0 0 MARNE ZAFAR BOARD MEMBER 1.00 X 0 0 0 ROBBIE SELTZER BOARD MEMBER 1.00 X 0 0 0 MILISSA PAHL BOARD MEMBER 1.00 X 0 0 0 ADAM ANNIS BOARD MEMBER 1.00 X 0 0 0 ANTHONY SCALLON VP ADMINISTRATION 3.00 X X 0 0 0 TADD KELLY TREASURER 3.00 X X 0 0 0 ANNA GROWCOTT 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 LISA MIDDAG BOARD MEMBER 1.00 X 0 0 0 EMILY SMOAK BOARD MEMBER 1.00 X 0 0 0 TESHOME TESH BELAYNEH SECRETARY 3.00 X X 0 0 0 ANDY HESTNESS EXECUTIVE DIRECTOR 40.00 X 153968 0 18748 ABIGAIL ROMERO REAL ESTATE PROJECT MANAGER 40.00 X 101800 0 13551 TAYLOR SMRIKAROVA REAL ESTATE DEVELOPMENT DIRECTOR 40.00 X 121350 0 7699 377118 0 39998 3 0 1 0 EG SERVICES 305 SAINT PETER STREET SAINT PAUL MN 55102 ENERERGY MANAGMENT AND CONSERVATION CONS 266075 NONPROFIT MAVENS 7333 EMERSON AVENUE SOUTH RICHFIELD MN 55423 ACCOUNTING SERVICES 249625 STRONG ARM PROTECTION LLC 1611 RIVER ROCK DR CARVER MN 55315 SECURITY SERVICES 180101 3 239044 776407 1015451 RENTAL REVENUE 531110 1223556 1223556 DEVELOPER FEES 531390 655914 655914 INTEREST ON NOTES RECE 531390 603654 603654 MANAGEMENT FEES 531310 238184 238184 MISCELLANEOUS 900099 5002 5002 2726310 1066 1066 633888 87874 546014 546014 546014 4288841 2726310 0 547080 173316 112655 34664 25997 754404 613619 93979 46806 27859 22940 3342 1577 92796 74389 12062 6345 78965 62035 10850 6080 1652 1652 226002 108755 117247 203807 203807 20298 18887 904 507 46605 32631 11295 2679 523903 523903 845610 845610 391586 391586 56042 53488 1637 917 MAINTENANCE 242204 237064 5140 MISCELLANEOUS 58471 50486 5117 2868 DUES AND SUBSCRIPTIONS 37927 29796 5211 2920 BAD DEBT 35492 35492 3816939 3418795 301448 96696 4339822 3609560 706977 1508205 19274 56219 13701281 3771323 9920821 9929958 20537067 19451056 35523961 34554998 510147 235202 1500000 1500000 21864508 20971597 270261 223851 24144916 22930650 X 7618787 8881453 3760258 2742895 11379045 11624348 35523961 34554998 X 471902 -176660 -49940 X X 0 1 X 1 0 X 314804 1155374 4278494 2165937 1015451 8930060 1444801 1470946 1726331 3421499 2726310 10789887 1759605 2626320 6004825 5587436 3741761 19719947 0 0 0 19719947 1908 11758 17332 4152 1066 36216 1908 11758 17332 4152 1066 36216 546014 546014 1761513 2638078 6022157 5591588 4288841 20302177 0.97130 0.99730 0.00180 0.00270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4050444 4050444 8034850 3771323 4263527 1615987 1615987 9929958 EQUITY IN SUBSIDIARY 16626227 C DEVELOPMENT IN PROGRESS 164467 F NOTES RECEIVABLE 2660362 C 19451056 CITY ASSESSMENTS 61091 SECURITY DEPOSITS AND ESCROWS 147986 OTHER ACCRUAL 14774 223851 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 153968 0 0 0 0 0 0 0 18748 0 172716 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 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 -49,940. FORM 990, PAGE 12, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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