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, 2019

Support and revenue:

Contributions	$212,983
Government Grants	$228,087
Partnership management fees	$191,046
Rental revenue	$1,795,090
Miscellaneous income	$20,754
Total	$2,447,960

Operating expenses:

Administrative & management	$90,899
Fundraising	$43,386
Basic needs housing management	$949,897
Workforce housing management	$1,564,888
Program services	$269,977
Total	$2,919,037

Net income after debt forgiveness & other changes in net assets	-$278,776

Statement of Financial Position

As of June 30, 2019

Assets:

Cash – Operations	$243,044
Cash – Restricted	$2,282,333
Other Receivables	$32,339
Prepaid Expenses	$99,708
Rental Properties, Net	$25,375,852
Other Assets, Net	$15,703
Total	$28,048,979

Liabilities:

Accounts Payable	$124,460
Accrued Payroll & Related	$24,981
Construction payables	$1,752,610
Accrued Real Estate Taxes	$136,457
Security Deposits	$121,111
Line of credit	$100,000
Debt	$11,296,771
Deferred Notes Payable	$3,602,908
Accrued Interest – Short & Long Term	$757,498
Total	$17,916,796