Alliance Housing Inc
Nonprofit profile at a glance
- EIN
- 411717910
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6128797633
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,821,956
- Expenses
- $2,445,637
- Assets
- $33,669,059
- Liabilities
- $27,181,142
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CASIE MOEN (PRESIDENT)
- MIRANDA WALKER (VICE PRESIDENT)
- JESSIE HENDEL (EXECUTIVE DIRECTOR)
Highest reported compensation
- JESSIE HENDEL (EXECUTIVE DIRECTOR): $131,828 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
2024/2025 accomplishments: alliance created the opportunity for 417 households to create homes for themselves, regardless of housing and/or criminal history. The average length of stay in alliance housing homes is 2.5 years with more than half of residents transitioning to greater housing stability when they move out. More than half of our residents would be screened out by other landlords. 50% of residents increase their income once housed with alliance, leading to greater long-term stability. Alliance began construction of kyle garden square, a 59-unit permanent supportive housing community in elliot park neighborhood of minneapolis. Construction will be completed in october 2025, with new residents moving in immediately following. Alliance improved building occupancy rates to an average of 95%.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.4%; rating input score 49
- Program expense ratio: 81.7%; rating input score 82
- Fundraising efficiency: $56.48 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 36%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 13.77; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 49.4% of revenue deployed · 81.7% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $132K · 12 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.