EIN 23-7290844

Seward Redesign

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1969
Most recent tax filings
2022-12-01
Description
Seward Redesign builds vital neighborhoods by developing and sustaining affordable housing and commercial real estate, investing in entrepreneurs, and creating living wage jobs. They implement residential, commercial, and industrial real estate development projects that serve the needs of low- and moderate-income residents, women and people-of-color within the Seward and greater Longfellow neighborhoods. Additionally, they seek out and attract new businesses to the area by providing technical assistance, access to low-cost loan capital and assistance with real estate projects.
Also known as...
Redesign Inc
Total revenues
$5,849,152
2022
Total expenses
$2,018,628
2022
Total assets
$19,848,693
2022
Num. employees
7
2022

Program areas at Seward Redesign

Real estate developmentredesign implements residential, commercial, and industrial real estate development projects that serve the needs of low- and moderate-income residents, women and people-of-color within the Seward and greater longfellow neighborhoods.in 2022, Redesign focused on the following development projects : 1. An 80,000 square foot historic commercial building on lake street and will redevelop this property in partnership with people-of-color led entities, ensuring the equitable recovery of the lake street commercial corridor, 2. A 6,800 square foot retail/office building for redevelopment and sale to an existing business tenant, and vacant land to provide for future new housing development,3. Receiving donation of land that will be planned and developed in partnership with people-of-color led entities, with an end use ownership model of people-of-color business and organizations that support people-of-color, and4. Purchasing an approximately 32,000 sq ft industrial building that was damaged during the civil unrest in the summer of 2020 to renovate and repurpose for neighborhood-based businesses owned by people-of-color and expand property ownership for the businesses.securing financing and development of a 32-unit apartment project designed for low-income families at Seward commons in partnership with noor companies. Many of these units will be three- and four-bedroom units, suitable for larger families. Closing and construction start are anticipated for the fall of 2023.redesign secured a contract with the city of minneapolis to provide training in real estate development to new and emerging developers. Utilizing the skills garnered from Redesign's own development projects, we are working to train and partner with these developers who are largely first-time developers and people of color.
Community planning and infrastructure advocacyredesign engages existing residents, businesses and property owners in proactive planning for future land use and development and to advocate on behalf of community-based development that serves the needs of all residents, including communities-of-color, immigrant communities and those of low and moderate income. Redesign also works with residents, businesses and local institutions to plan and advocate for infrastructure improvements, including enhancements for pedestrians and bicyclists in particular, and those changes that will address climate change including increased use of solar energy. Redesign has provided technical assistance to several businesses to install solar arrays on their roof. Redesign has also added solar to the roofs at franklin east and the cooperage.
Commercial property operations and management for community valueredesign operates multi-tenant commercial properties in the greater longfellow and Seward neighborhoods including franklin east, 3300 east lake, 2610 east 32nd, five square, verna and focus arts buildings. All of these properties are leased to multiple small business and community organization tenants, the great majority of which are women, people-of-color and/or immigrant owned. These properties are managed for long-term sustainability to ensure affordable and accessible commercial space.redesign leases and directly manages commercial properties that it owns. Additionally, Redesign provides property and asset management services for other properties within the Seward neighborhood to ensure long-term affordability and high-quality physical maintenance. These properties include Seward towers east and west; and two residential townhouse properties that are partly or wholly owned by Redesign respectively.
Business development and growthredesign seeks out and attracts new businesses to the Seward and greater longfellow neighborhoods by providing technical assistance, access to low cost loan capital and assistance with real estate projects. In 2022, Redesign provided technical assistance to over 50 small business clients and and loans to 3, with an emphasis on navigating the impact of covid-19 pandemic and rebuilding following the civil unrest damage along east lake street that occurred in the summer of 2020 impacting many small businesses. Our focus is on reaching businesses that have not always enjoyed equal access to support including immigrant, people-of-color and woman-owned enterprises.redesign provides commercial brokerage services to local businesses to assist them in finding space to lease or properties to purchase in the community, including developing plans for the improvement of spaces and the financing for those improvements. Redesign also manages three loan pools that make below-market loans to small businesses that create jobs within the community and promote the success of local commercial corridors. Most of these borrowers would not otherwise have access to needed and equitable capital.

Who funds Seward Redesign

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Minneapolis FoundationCommunity & Economic Development$1,001,000
The McKnight FoundationTo Support the Redevelopment of the Coliseum Building in Minneapolis As A Community Hub for Black Business and Entrepreneurship$1,000,000
Saint Paul and Minnesota FoundationMultiple Grants for Multiple Purposes$252,000
...and 8 more grants received

Personnel at Seward Redesign

NameTitleCompensation
Abdullahi MohamedBoard Member$0
Carol CarrierVice President of Administration$0
Andy HestnessExecutive Director$130,564
Chris RomanoPast Executive Director$146,697
Christopher RomanoPast Former Executive Director$9,740
...and 8 more key personnel

Financials for Seward Redesign

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,278,494
Program services$1,726,331
Investment income and dividends$17,332
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-173,005
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,849,152

Form 990s for Seward Redesign

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-20990View PDF
2021-122022-09-20990View PDF
2020-122021-08-05990View PDF
2019-122020-08-13990View PDF
2018-122019-07-23990View PDF
...and 9 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $1,001,000 from The Minneapolis Foundation
February 3, 2024
Received grants
Identified 5 new grant, including a grant for $1,000,000 from The McKnight Foundation
November 15, 2023
Updated personnel
Identified 4 new personnel
November 12, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Arts, cultural, and humanitiesCommunity improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
2619 E Franklin Ave
Minneapolis, MN 55406
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
redesigninc.org/ 
Phone
(612) 338-8729
Facebook page
sewardredesign 
Twitter profile
@sewardredesign 
IRS details
EIN
23-7290844
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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