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, 2018

Support and revenue:

Contributions	$204,552
Government Grants	$280,628
Partnership management fees	$2,935
Rental revenue	$1,736,223
Miscellaneous income	$18,282
	$2,242,620

Operating expenses:

Administrative & management	$100,899
Fundraising	$47,433
Basic needs housing management	$643,233
Workforce housing management	$1,821,523
Program services	$333,951
	$2,947,039

Net income after debt forgiveness & other changes in net assets	-$100,521

Statement of Financial Position

As of June 30, 2018

Assets:

Cash – Operations	$403,246
Cash – Restricted	$1,782,729
Other Receivables	$85,784
Prepaid Expenses	$101,249
Rental Properties, Net	$21,305,596
Other Assets, Net	$20,938
	$23,699,542

Liabilities:

Accounts Payable	$85,324
Accrued Payroll & Related	$23,292
Accrued Real Estate Taxes	$133,859
Security Deposits	$119,895
Refundable Advances	$0
Debt	$9,989,668
Deferred Notes Payable	$3,187,908
Accrued Interest – Short & Long Term	$685,387
	$14,225,333