FY25 In Review
Alliance’s fiscal year ended on June 30, 2025, and while our Annual Report is currently in process it was such a big year at Alliance, we wanted to give a quick overview!
Internally 2025 saw a lot of growth. The organization added Mike Schmid as Senior Property Manager while Cheree, Lyle, Morris, and Emily also joined James on the property management team. These staff additions allow Alliance to continue bringing relational, personalized property management that is responsive to resident needs and keeps our homes safe and maintained.
Additionally, Alliance grew its finance and fundraising teams by adding Cliff Stebner as Controller and Craig Freeman as Director of Development. Adding Cliff and Craig to the existing team of April, Eva, and of course Executive Director Jessie Hendel, puts Alliance in a strong position to navigate the choppy financial waters currently faced by all providers of affordable housing.
As for our affordable housing, while circumstances required us to sell our building at 2011 Pillsbury, we are halfway to funding 2116 Nicollet and are nearing completion of construction on 59 new homes at Kyle Garden Square. Lease up will begin soon for move ins starting in October, but you can get a sneak peek via hard hat tours on September 4 and 9!
2025 also saw strong numbers financially with Alliance ending the year in the black despite substantial increases in certain costs like insurance, security, and utilities. A huge thank you to all donors and supporters who made this possible!
Most importantly, we provided 315 affordable (mostly deeply affordable) homes for the entire year. These homes provided a base for residents to live their lives regardless of where they find themselves on their journey. Many overcame an obstacle to other housing like criminal history, prior evictions, or poor credit. Some found a stable place from which to find a job or go to school. Others now have somewhere to raise their children and get them to school after a good night’s sleep. Another group gained security and safety in their retirement years. Regardless of a resident’s particulars they have an affordable home because a community who cares about Minneapolis residents came together to make that happen. You are a part of that community, and we thank you.
Let’s Build Long-Term Stability, One Home at a Time
All who engage in strengthening Alliance are equally valued, whether donor, volunteer, public advocate, board member, resident, or staff, your involvement directly supports safe, dignified housing for those facing the greatest barriers.