ALLIANCE HOUSING INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

JESSIE HENDEL

Phone

6128797633

Tax Period

2023-07-01 to 2024-06-30

ALLIANCE HOUSING INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $922K, a strong 24% operating margin.

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 INCLUSIVE, AFFORDABLE, RELATIONAL, AND FLEXIBLE. IN ADDITION, ALLIANCE HOUSING CHALLENGES THE ENVIRONMENT THAT LIMITS OUR RESIDENTS' OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,660,881 Revenue: $2,159,880

ALLIANCE HOUSING RENTS ROOMS AND APARTMENTS TO SINGLE ADULTS AND FAMILIES IN MINNEAPOLIS. MANY OF THE TENANTS ARE LOW WAGE WORKERS, FORMERLY HOMELESS, AND HAVE BEEN SCREENED OUT BY OTHER OWNERS DUE TO CREDIT, HOUSING, OR CRIMINAL HISTORIES. PROSPECTIVE RESIDENTS MUST BE ABLE TO PAY THEIR RENT AND RESPECT THE PROPERTY AND THEIR NEIGHBORS. SINCE 1996, ALLIANCE HOUSING HAS DEVELOPED LARGER SUPPORTIVE HOUSING PROJECTS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND ON ITS OWN. SOME OF THIS HOUSING REQUIRES THAT RESIDENTS STAY SOBER. ALLIANCE HOUSING ALSO DEVELOPS WORKFORCE HOUSING FOR LOW WAGE AND ENTRY-LEVEL WORKERS. THIS HOUSING OFFERS RESIDENTS AN AFFORDABLE RENT IN PROPERTY CLOSE TO MAJOR TRANSPORTATION CORRIDORS SO THEY ARE ABLE TO GET TO WORK WITH OR WITHOUT A CAR.2023/2024 ACCOMPLISHMENTS:CREATED THE OPPORTUNITY FOR 336 HOUSEHOLDS TO CREATE HOMES FOR THEMSELVES, REGARDLESS OF HOUSING AND/OR CRIMINAL HISTORY. THE AVERAGE LENGTH OF STAY IN ALLIANCE HOUSING UNITS IS 2.5 YEARS WITH MORE THAN HALF TRANSITIONING TO GREATER HOUSING STABILITY WHEN THEY MOVE OUT. MORE THAN HALF OF OUR TENANTS WOULD BE SCREENED OUT BY OTHER LANDLORDS. 50% OF TENANTS INCREASE THEIR INCOME ONCE HOUSED WITH ALLIANCE, LEAD TO GREATER LONG TERM STABILITY. SECURED FULL FUNDING FOR KYLE GARDEN SQUARE, A 59-UNIT PERMANENT SUPPORTIVE HOUSING COMMUNITY IN ELLIOT PARK NEIGHBORHOOD OF MINNEAPOLIS. WILL BEGIN CONSTRUCTION IN AUGUST, 2024. IMPROVED BUILDING OCCUPANCY RATES TO AN AVERAGE OF 95%. COMPLETED CAPITAL NEEDS ASSESSMENT ON 100% OF HOUSING UNITS TO GUIDE LONG TERM AFFORDABLE HOUSING PRESERVATION PLAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,675,713

Program Service Revenue $1,914,764

Investment Income $0

Other Revenue $231,549

TOTAL REVENUE $3,822,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,052

Fundraising Expenses $13,450

Program Expenses $2,660,881

Other Expenses $2,433,422

TOTAL EXPENSES $2,900,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,822,026	$2,753,716	+0.4%
Expenses	$2,900,474	$2,344,894	+0.2%
Net Income	$921,552	$408,822	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$148,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASIE MOEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIRANDA WALKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN LEDOUX	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY SCHMID	TREASURER	1.00	Officer Director	$0	$0	$0
BEN OLK III	DIRECTOR	1.00	Director	$0	$0	$0
EMILY GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
TICA HANSON	DIRECTOR	1.00	Director	$0	$0	$0
JARETT LETTNER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT REDD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WILSON	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE RASHIDA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
MANGALA SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE HENDEL	EXECUTIVE DIRECTOR	40.00	Officer	$119,600	$29,008	$148,608

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$3,822,026	$2,900,474	$13,943,726	$921,552
2023	$2,753,716	$2,344,894	$12,482,200	$408,822
2022	$2,163,642	$1,996,032	$11,911,891	$167,610
2021	$2,498,072	$1,675,566	$11,291,598	$822,506
2020	$1,744,781	$1,434,588	$10,307,110	$310,193
2019	$1,486,781	$1,352,404	$10,197,844	$134,377