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, 2017

Support and revenue:

Contributions	$291,940
Government Grants	$615,712
Partnership management fees	$43,025
Rental revenue	$1,679,397
Miscellaneous income	$8,812
	$2,638,886

2017-audited-revenues

Operating expenses:

Administrative & management	$98,927
Fundraising	$40,507
Basic needs housing management	$708,041
Workforce housing management	$1,778,604
Program services	$393,481
	$3,009,560

Net income after debt forgiveness & other changes in net assets	$154,814

2016-audited-expense

Statement of Financial Position

As of June 30, 2017

Assets:

Cash – Operations	$538,026
Cash – Restricted	$1,809,755
Other Receivables	$53,478
Prepaid Expenses	$104,035
Rental Properties, Net	$21,314,606
Other Assets, Net	$51,173
	$23,871,073

Liabilities:

Accounts Payable	$132,956
Accrued Payroll & Related	$23,802
Accrued Real Estate Taxes	$127,621
Security Deposits	$118,089
Refundable Advances	$0
Debt	$9,819,015
Deferred Notes Payable	$3,157,908
Accrued Interest – Short & Long Term	$615,003
	$13,994,394