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:

• 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, low income, and other individuals left out of market opportunities.

Finances

Statement of Activities & Changes in Net Assets

For the 12 months ending June 30, 2024

Support and revenue:

Rental revenue	$3,026,166
Government Grants	$1,091,935
Partnership Management Fees	$876,405
Contributions	$353,778
Miscellaneous income	$184,528
In-kind	$32,905
Total	$5,565,717

Forgiveness of deferred notes payable	$230,000

Operating expenses:

Housing Management	$6,180,129
Administrative & Management	$226,143
Fundraising	$27,017
Total	$6,433,289

Statement of Financial Position

As of June 30, 2024

Assets:

Cash – Operations	$1,475,982
Cash – Restricted	$2,410,923
Other Receivables	$220,039
Prepaid Expenses	$159,654
Rental Properties, Net	$42,249,562
Other Assets, Net	$126,828
Total	$46,642,983
Liabilities:
Accounts Payable	$448,086
Accrued Payroll & Related	$22,506
Accrued Real Estate Taxes	$247,924
Security Deposits	$205,560
Debt	$20,562,872
Deferred Notes Payable	$3,583,700
Accrued Interest – Short & Long Term	$1,377,983
Lease Liability	$49,293
Construction payables	$8,647,937
Total	$35,145,862

Net Assets:
Unrestricted	$17,673,363
Temporarily Restricted	$1,160,707
Total	$18,834,070

Total Liabilities and Net Assets	$46,645,483

View the 2024 Annual Report!