2016-05-09T09:08:21-05:00 2015-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2015-01-01 411675502 SEWARD TOWERS CORPORATION SEWA 6123388729 2619 EAST FRANKLIN AVE MINNEAPOLIS MN 55406 DIANN ANDERS PRESIDENT 6123388729 2016-05-02 1 THOMAS R JOHNSON P01285389 6512276695 2016-05-02 2015 2016-09-27 15:27:22Z X DIANN ANDERS 2418 30TH AVENUE S MINNEAPOLIS MN 55406 6556646 0 X N/A X 1990 MN SEWARD TOWERS CORPORATION WAS FORMED TO PRESERVE 640 UNITS OF AFFORDABLE HOUSING. 12 12 0 0 0 0 0 0 7595761 6554468 1901 2178 0 0 7597662 6556646 0 0 0 0 0 0 0 0 0 6444111 6378748 6444111 6378748 1153551 177898 18996421 18748323 21199451 20773455 -2203030 -2025132 TO PROMOTE THE WELFARE OF ELDERLY AND HANDICAPPED FAMILIES AND PROVIDE ON A NON-PROFIT BASIS, 640 HOUSING UNITS AND RELATED FACILITIES FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES INCLUDING THOSE DISPLACED FROM URBAN RENEWAL OR A RESULT OF GOVERNMENT ACTION. 0 0 6378748 6554468 TWO SUBSIDIZED APARTMENT BUILDINGS WITH 640 APARTMENT UNITS WHICH PROVIDE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN MINNEAPOLIS, MINNESOTA. 6378748 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 MN X X SEWARD REDESIGN INC 6123388729 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 X DIANN ANDERS PRESIDENT 1.00 X X 0 0 0 MARK SCHOLTES VICE PRESIDENT 1.00 X X 0 0 0 SHELDON MAINS SECRETARY/TREASURER 1.00 X X 0 0 0 TARIKU BELAY DIRECTOR 1.00 X 0 0 0 RODA ABDILLAHI DIRECTOR 1.00 X 0 0 0 SAHRA GMADA DIRECTOR 1.00 X 0 0 0 NANCY CARDINAL DIRECTOR 1.00 X 0 0 0 GERALD THOLE DIRECTOR 1.00 X 0 0 0 DON BARTON DIRECTOR 1.00 X 0 0 0 ROLAND WESTERLUND DIRECTOR 1.00 X 0 0 0 SAFIA EPHRAHEM DIRECTOR 1.00 X 0 0 0 ASHLEY FREITAG DIRECTOR 1.00 X 0 0 0 JIM SOLEM DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 COMMONBOND HOUSING 1080 MONTREAL AVENUE SAINT PAUL MN 55116 PROPERTY MANAGEMENT 531382 COMMONBOND COMMUNITIES 1080 MONTREAL AVENUE SAINT PAUL MN 55116 ADVANTAGE SERVICES 135280 2 HOUSING ASSISTANCE 531110 4023276 4023276 TENANT RENTS 531110 2449977 2449977 MISCELLANEOUS 531390 81215 81215 6554468 2178 2178 6556646 6554468 0 2178 443850 443850 3466 3466 88592 88592 13789 13789 708962 708962 954107 954107 1133267 1133267 188391 188391 OPERATING & MAINTENANCE 1120946 1120946 TAXES & INSURANCE 758677 758677 ADMINISTRATIVE 663662 663662 ADVANTAGE SERVICES 135280 135280 165759 165759 6378748 6378748 0 0 553688 1288808 179612 178011 140314 72171 133361 47151 33906767 20321321 14587081 13585446 517695 493380 2884670 3083356 18996421 18748323 1787570 1776539 66119 75841 19168305 18747396 177457 173679 21199451 20773455 X -2203030 -2025132 -2203030 -2025132 18996421 18748323 177898 0 X X 0 1 X 1 1 1 X 6156343 6162871 6221688 7595761 6554468 32691131 6156343 6162871 6221688 7595761 6554468 32691131 14928 29419 38909 25540 30765 139561 0 14928 29419 38909 25540 30765 139561 32551570 5815 3037 1861 1901 2178 14792 5815 3037 1861 1901 2178 14792 6162158 6165908 6223549 7597662 6556646 32705923 0.99530 0.99550 0.00050 0.00050 X 1480000 1480000 29515557 17978541 11537016 97773 55163 42610 2813437 2287617 525820 13585446 ESCROW DEPOSITS 198928 REPLACEMENT RESERVE 2580086 RESIDUAL RECEIPTS 304342 3083356 SECURITY DEPOSITS 173679 173679 X 6556646 0 6556646 0 6556646 6378748 0 6378748 0 6378748 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. UNRELATED BUSINESS INCOME IS TAXED AT THE CORPORATE INCOME TAX RATE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME OR UNCERTAIN TAX POSITIONS IN 2015 OR 2014. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD DELEGATED CONTROL OVER ASSET MANAGEMENT DUTIES TO SEWARD REDESIGN, INC. AND PROPERTY MANAGEMENT DUTIES TO COMMONBOND COMMUNITIES, BOTH RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSET MANAGER (SEWARD REDESIGN, INC.) HAS THE DOCUMENTS, AND MAKES THEM AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. COMMONBOND COMMUNITIES 1080 MONTREAL AVENUE SAINT PAUL MN 55116 411260469 PROVIDING HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES. MN 501(C)(3) LINE 7 COMMONBOND COMMUNITIES 0 SEWARD REDESIGN INC 2619 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 237290844 BUILDING NEIGHBORHOODS WITH LIVING-WAGE JOBS AND AFFORDABLE HOUSING. MN 501(C)(3) LINE 7 SEWARD REDESIGN INC 0 SEWARD NEIGHBORHOOD GROUP 2323 EAST FRANKLIN AVENUE S MINNEAPOLIS MN 55406 510166930 MAKING SEWARD NEIGHBORHOOD A BETTER PLACE TO LIVE, WORK, AND PLAY MN 501(C)(3) LINE 7 SEWARD NEIGHBORHOOD GROUP 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 COMMONBOND COMMUNITIES M 622604 CASH PAID TO THE ORGANIZATION.