Overview
What is Alliance Housing Inc?
Alliance Housing Inc, based in Minneapolis, Minnesota, is a dedicated nonprofit organization that provides housing solutions for individuals and families, often including those with low wages, previous homelessness, or challenging backgrounds. The organization has developed supportive housing projects in partnership with other organizations and independently since 1996. Some of these projects require residents to maintain sobriety. Additionally, Alliance Housing develops workforce housing for entry-level workers, offering affordable rent near major transportation corridors. In 2022/2023, Alliance Housing managed properties that allowed 133 households, 153 adults, and 75 children to create homes for themselves, despite housing and criminal histories. Alliance Housing's mission is to create inclusive, affordable, relational, and flexible housing options for individuals and families, regardless of their income and background. By challenging the limiting environment that affects their residents' opportunities, Alliance Housing empowers them to establish stable living situations.
Official website here: www.alliancehousinginc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Alliance Housing Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health within the organization. The score is based entirely on the Accountability & Finance category, where the charity earned a score of 86%. This reflects a strong commitment to governance and transparency, evidenced by having a fully independent board and comprehensive policies in place.
The organization excels in several areas, including its independent board composition and oversight practices. With 100% of board members being independent, it demonstrates a commitment to avoiding conflicts of interest. Additionally, the charity's financial statements are well-managed, with no reported material diversion of assets, and it maintains a high program expense ratio of nearly 92%, ensuring that most funds are directed towards its mission.
However, the organization has a relatively low score for its liabilities to assets ratio at 62.86%, which indicates a higher level of liabilities compared to its assets. While this is a consideration, the overall financial responsibility and governance practices still position Alliance Housing Inc as a reputable nonprofit in the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Housing Inc legitimate?
Alliance Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $103,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $341,421
For more financial information, click here
Official website here: www.alliancehousinginc.org
What is the mission statement of Alliance Housing Inc?
Alliance Housing Inc's mission is centered around creating opportunities for individuals and families, regardless of their background or income, to establish homes for themselves. They achieve this by developing and managing inclusive, affordable, relational, and flexible housing. Beyond providing housing, Alliance Housing aims to challenge the environment that restricts the opportunities of its residents. The organization rents rooms and apartments to low-wage workers, former homeless individuals, and those who have been denied housing due to credit or criminal histories, as long as they can pay rent and respect the property and their neighbors. Since its inception in 1996, Alliance Housing has collaborated with other organizations to develop larger supportive housing projects and has also focused on workforce housing for low-wage and entry-level workers, offering affordable housing near major transportation corridors. In 2022/2023, Alliance Housing provided homes to 153 adults and 75 children, with an average tenure among tenants of 3 years, and helped house individuals who would have been rejected by standard rental screening criteria of other landlords.
Official website here: www.alliancehousinginc.org
Who is the CEO of Alliance Housing Inc?
Jessie Hendel is the President of Alliance Housing Inc.
Official website here: www.alliancehousinginc.org
What is the revenue of Alliance Housing Inc?
Alliance Housing Inc's revenue in 2023 was $2,753,716.
Official website here: www.alliancehousinginc.org
Who are the executives of Alliance Housing Inc and what are their salaries?
The average compensation at Alliance Housing Inc during 2023 was $31,786. There are 14 employees and 20 volunteers at Alliance Housing Inc.
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- Compensation: $97,884
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- Other: $5,692
Official website here: www.alliancehousinginc.org
Where can I find the form 990 for Alliance Housing Inc?
Alliance Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alliancehousinginc.org
Learn more at the official website: www.alliancehousinginc.org
Mission Statement of Alliance Housing Inc
Alliance Housing Inc's mission is centered around providing individuals and families with the opportunity to create homes for themselves, regardless of their income or background. This is achieved through the development and management of inclusive, affordable, relational, and flexible housing. Besides providing housing, Alliance Housing also works to challenge the environment that limits the opportunities of its residents. By offering housing that is inclusive and adaptable, the organization aims to provide a stable living environment for those who may have been turned away by other landlords due to credit, housing, or criminal history. The organization's commitment extends beyond just providing a place to live, as it also develops supportive housing projects in partnership with other organizations and on its own. Some of this housing requires residents to maintain sobriety, while others offer affordable rent to low-wage and entry-level workers in properties located near major transportation corridors, making it easier for them to commute to work. In 2022 and 2023, Alliance Housing's property management operations allowed 153 adults and 75 children to create homes for themselves, with an average tenure among tenants of 3 years. Over half of Alliance's tenants would be rejected by standard rental screening criteria of other landlords, demonstrating the organization's commitment to serving underserved populations.
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Impact
July, 2024
Alliance Housing Inc's impact can be seen in the lives of individuals and families in Minneapolis. By developing and managing inclusive, affordable, and relational housing, Alliance Housing ensures that those with low incomes and challenging backgrounds have the opportunity to create homes for themselves. Many of their tenants are low-wage workers or formerly homeless individuals who may have been rejected by other landlords due to credit, housing, or criminal histories.
In the year 2022/2023 alone, Alliance Housing provided housing opportunities for 133 households, totaling 153 adults and 75 children. The organization's average housing tenure among tenants is three years, with some staying even longer. Over half of Alliance's tenants would be turned away by standard rental screening criteria used by other landlords. Despite these challenges, Alliance Housing continues to make a difference by offering stable housing options for those in need.
Furthermore, Alliance Housing's advocacy work has contributed to new policy initiatives in the City of Minneapolis and Hennepin County, particularly in relation to single room occupancy housing. Through their efforts, they have secured funding, managed startup projects, and exceeded their operating cash reserve goals consistently.
In summary, Alliance Housing Inc's impact goes beyond providing housing; it challenges societal norms, creates opportunities for marginalized individuals, and advocates for more inclusive housing practices in the community.
This information is meant to be a general summary of Alliance Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $865,872
- Gross Receipts: $2,769,176
Assets and Liabilities:
- Total Assets: $12,482,200
- Total Liabilities: $7,847,154
- Net Assets: $4,635,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING RENTALS
Revenue
$762,468
LP MANAGEMENT FEES
Revenue
$94,867
MISCELLANEOUS INCOME
Revenue
$8,537
Organization Details
Founding Year
1991
Phone
(612) 879-7633Principal Officer
Jessie Hendel
Main Address
2309 NICOLLET AVENUE, MINNEAPOLIS, MN, 55404
Website
www.alliancehousinginc.orgNTEE Category
Code: L20Z - Housing
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