About Us

Mission

Alliance’s work makes it possible for individuals and families to create homes for themselves, regardless of income and background by developing and managing housing that is:
• inclusive,
• affordable,
• relational, and
• flexible.

History

Alliance Housing was born out of the vision of St. Stephens’ emergency shelter staff and residents who wanted to create tangible, long term housing solutions for homeless families and individuals. The organization was incorporated in 1991 and took advantage of vacant and available properties at low cost in South Minneapolis. Alliance continues to honor its history by developing housing solutions for homeless, poor and other individuals left out of market opportunities.

Finances

Statement of Activities & Changes in Net Assets

For the 12 months ending June 30, 2015

Support and revenue:

Contributions	$236,901
Government Grants	$408,933
Partnership management fees	$60,694
Rental revenue	$1,649,197
Miscellaneous income	$5,736
	$2,361,461

June_30_2016_audited_revenues

Operating expenses:

Administrative & management	$131,844
Fundraising	$42,391
Basic needs housing management	$1,152,392
Workforce housing management	$1,538,866
Program services	$163,378
	$3,028,871

Net income after debt forgiveness & other changes in net assets	-$261,112

June_30_2016-audited_expense

Statement of Financial Position

As of June 30, 2015

Assets:

Cash – Operations	$518,846
Cash – Restricted	$1,788,287
Other Receivables	$123,616
Prepaid Expenses	$104,157
Rental Properties, Net	$22,278,678
Other Assets, Net	$272,586
	$25,086,170

Liabilities:

Accounts Payable	$61,040
Accrued Payroll & Related	$21,218
Accrued Real Estate Taxes	$104,159
Security Deposits	$116,957
Refundable Advances	$0
Debt	$10,064,366
Deferred Notes Payable	$3,214,908
Accrued Interest – Short & Long Term	$479,053
	$14,061,701