Seward Redesign Inc.
Seward Redesign Inc.
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About this organization
Mission
BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES.
About
REAL ESTATE DEVELOPMENT-HOUSING REDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW AND MODERATE-INCOME RESIDENTS, WOMEN AND MINORITIES WITHIN 20-YEAR EXTENSION OF THE SECTION 8 CONTRACT THE SEWARD NEIGHBORHOOD, THE GREATER LONGFELLOW COMMUNITY, AND THE SURROUNDING NEIGHBORHOODS.IN THE LAST FEW YEARS, REDESIGN IN PARTNERSHIP WITH COMMONBOND COMMUNITIES COMPLETED THE LEASE-UP OF 60 APARTMENTS FOR VERY LOW-INCOME SENIORS AT THE COOPERAGE, AND THE REFINANCING AND RENOVATION OF 640 AFFORDABLE APARTMENTS AT SEWARD TOWERS EAST AND WEST.REDESIGN ALSO COMPLETED 20-YEAR EXTENSIONS OF THE SECTION 8 CONTRACTS AT MATTHEWS PARK HOUSING AND MILWAUKEE AVENUE TOWNHOMES, HOUSING FOR VERY LOW-INCOME FAMILIES.REDESIGN HAS WORKED WITH A PRIVATE DEVELOPMENT PARTNER, SCHAFER RICHARDSON, TO COMPLETE THE DESIGN AND FINALIZE ALL APPROVALS, FINANCING AND CONSTRUCTION OF BESSEMER APARTMENTNS, A 128-UNIT APARTMENT PROJECT AT SEWARD COMMONS. CLOSING AND CONSTRUCTION START ARE TARGETED FOR LATE SPRING 2020 WITH LEASE-UP AND OCCUPANCY IN THE FALL OF 2021.REDESIGN HAS BEGUN THE PROCESS FOR FINANCING AND DEVELOPMENT OF A 32-UNIT APARTMENT PROJECT FOR VERY LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NAWAL NOOR, THE MAJORITY OF WHICH WILL BE THREE- AND FOUR-BEDROOM UNITS. CLOSING AND COSTRUCTION START ARE ANTICIPATED FOR THE SPRING OF 2021 OR 2022.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “Plan and implement developments that respond to community priorities, create living wage jobs, affordable housing, quality goods, and services. redesign envisions a vibrant, diverse, mixed-income community where all people have the opportunity to thrive.”.
Their activities were defined as: “Build vital neighborhoods with living-wage jobs, affordable housing, quality goods and services.”.
- As per legal requirements, the non-profit's state of operation is reported as MN.
- The non-profit's address in 2020 as per the filing is 2619 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN, 55406.
- The form of the non-profit organization shows 7 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$124,228.
- The organization has 12 independent voting members.
- The organization was formed in 1969.
- The organization pays $547,294 in salary, compensation, and benefits to its employees.
- The organization pays $31,943 in fundraising expenses.