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.

In addition, Alliance Housing challenges the environment that limits our residents’ opportunities.

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, 2020

Support and revenue:

Contributions	$359,563
Government Grants	$264,798
Partnership management fees	$95,000
Rental revenue	$2,036,889
Miscellaneous income	$32,600
Total	$2,788,850

Operating expenses:

Administrative & management	$91,089
Fundraising	$44,820
Basic needs housing management	$1,828,038
Workforce housing management	$1,596,915
Total	$3,560,862

Government grants for predevelopment & other changes in net assets	-$413,225

Statement of Financial Position

As of June 30, 2020

Assets:

Cash – Operations	$782,570
Cash – Restricted	$1,958,172
Other Receivables	$136,374
Prepaid Expenses	$138,718
Rental Properties, Net	$28,654,580
Other Assets, Net	$34,509
Total	$31,704,923

Liabilities:

Accounts Payable	$133,224
Accrued Payroll & Related	$30,922
Construction payables	$686,137
Accrued Real Estate Taxes	$156,138
Security Deposits	$139,527
Line of credit	$100,000
Debt	$16,513,530
Deferred Notes Payable	$3,380,321
Accrued Interest – Short & Long Term	$831,345
Total	$21,971,144