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Seward Housing Corporation

Seward Housing Corporation

Minneapolis, MN 55406
Tax ID41-1675502

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About this organization

Revenue

$912

Expenses

$15,104

Mission

Seward Towers Corporation was formed to preserve 640 units of affordable housing.

About

Seward Towers Corporation owned two subsidized apartment buildings with 640 apartment units which provide housing to low and moderate income individuals and families in Minneapolis Minnesota. The buildings were sold on January 14, 2016 to an affiliated limited partnership to facilitate a complete renovation of the buildings. Seward Towers Corporation is the co-general partner of the new owner and has a note receivable with the new owner from the sale of the property. Program expenses were incurred in 2019 for a traffic study around Seward Towers apartment buildings.

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “To promote the welfare of elderly and handicapped families and provide on a non-profit basis, 640 housing units and related facilities for low and moderate income individuals and families including those displaced from urban renewal or a result of government action.”.

When discussing its purpose, they were characterized as: “Seward towers corporation was formed to preserve 640 units of affordable housing.”.

  • The state in which the non-profit is legally authorized to operate is MN, as reported.
  • The filing confirms that the non-profit's address in 2020 was 3230 EAST 24TH STREET, MINNEAPOLIS, MN, 55406.
  • The form of the non-profit reports 0 employees as of 2020.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is less than $100,000.
  • Revenue less expenses is -$14,192.
  • The organization has 13 independent voting members.
  • The organization was formed in 1990.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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