Beyond Shelter

What Beyond Shelter does

Beyond Shelter, Inc. (BSI) is a Fargo, North Dakota-based nonprofit affordable housing developer and federally designated Community Housing Development Organization (CHDO) founded in May 1999. The company develops senior, multi-family, supportive, and mixed-use affordable housing across North Dakota, South Dakota, and Minnesota, working directly with municipalities, public housing authorities, and nonprofit service providers to identify community housing needs and structure complex financing stacks that typically combine 9% and 4% Low-Income Housing Tax Credits (LIHTC), HOME program funds, Community Development Block Grants (CDBG), Affordable Housing Program (AHP) funds, and state-level Housing Incentive Funds. Since inception, BSI has secured approximately $210 million in financing and investment to support 45 affordable housing projects producing 1,360 affordable homes.

BSI's product portfolio is organized into four housing categories — Senior Housing (e.g., Souris Heights, North Sky, Heritage Hills, HomeField, Milton Earl, Monterey, Crossroads), Multi-Family Housing (Bluestem Homes, Bluestem Townhomes, Burlington Willows, Fieldcrest, Patterson Heights, Sierra Townhomes, Sunset Ridge, Washington Townhomes), Supportive Housing (Bright Sky, Cooper House, Edwinton Place, Grace Garden, LaGrave on First), and Mixed-Use/Revitalization (The Plaza) — alongside two core service offerings: full-service development and a co-developer partnership model in which BSI handles financing, equity syndication, construction oversight, and lease-up coordination while the partner organization focuses on resident services. The company holds no proprietary technology; core competencies are certifications and process expertise (HCCP, HDFP, AMS, C3P, CHAM designations held across the 11-person team).

BSI's business model is a hybrid of project-based professional services and recurring managed services. Revenue is generated through development fees on each project (structured as a percentage of total development cost, typically 2-3% in the industry), ongoing asset management fees on its portfolio of ~1,360 owned or co-owned units (covering risk management, compliance, financial and operational oversight), and consulting/co-developer fees when partnering with nonprofit organizations. The organization is governed by a 7-member board of directors, led since 2014 by CEO Dan Madler (32+ years of affordable housing industry experience), and financed through a multi-source blend of federal tax credits, state housing trust funds, regional bank capital (Bell Bank, Choice Bank, Cornerstone Bank, First Western Partners, FHLB Des Moines), and foundation grants. Marketing and customer acquisition are relationship-driven through housing authorities and community organizations rather than consumer-facing channels.

Name

Beyond Shelter

Legal name

Beyond Shelter, Inc.

Website

https://beyondshelterinc.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Beyond Shelter, Inc. is a Fargo-based nonprofit affordable housing developer and Community Housing Development Organization developing senior, family, and supportive housing across North Dakota, South Dakota, and Minnesota. Since 1999, it has produced 1,360 affordable homes across 45 projects.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Community Housing Services (624229)

SIC

Non-Operating Establishments (9995)

akta.pro primary industry

Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• Affordable housing development
• Senior housing construction
• Supportive housing services
• Community housing development
• Real estate development services

Headquarters

HQ city

Fargo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Development Fees: BSI earns development fees as the developer or co-developer of affordable housing projects, structuring and overseeing construction, debt financing, and equity syndication.
2. Asset Management Services: BSI provides ongoing asset management for housing projects they develop, including risk management, compliance, portfolio management, financial and operational oversight.
3. Consulting/Co-developer Services: BSI serves as co-developer and consultant for other organizations, handling project financing, lender/investor relations, operating proformas, construction coordination, and lease-up assistance.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Beyond Shelter, Inc. (BSI) is a nonprofit Community Housing Development Organization (CHDO) that develops, finances, and manages affordable rental housing across the Upper Midwest. The company structures and oversees senior housing, multi-family housing, and permanent supportive housing projects using complex funding stacks (LIHTC, HOME, CDBG, AHP, foundation grants) for housing authorities, municipalities, and nonprofit partners in North Dakota, South Dakota, and Minnesota.

Product overview

Beyond Shelter, Inc. (BSI) is a nonprofit affordable housing developer offering a portfolio of housing products and development services. The company's core offerings include Senior Housing developments (Brighton Place, Cook's Court, Crossroads, Heritage Hills, HomeField, Milton Earl, Monterey, North Sky, Souris Heights, Sunrise North), Multi-Family Housing (Bluestem Homes, Bluestem Townhomes, Burlington Willows, Fieldcrest, Patterson Heights, Sierra Townhomes, Sunset Ridge, Washington Townhomes), and Supportive Housing (Bright Sky, Cooper House, Edwinton Place, Grace Garden, LaGrave on First). Services include full-service development and co-developer partnerships. BSI has developed over 50 housing projects encompassing more than 1,600 units since inception in 1999, serving senior, family, and special needs populations across North Dakota, South Dakota, and Minnesota.

Differentiator

Problem solved

Functional benefit

Products and services

• Senior Housing Development

Quantifiable outcome

• $210,000,000 in financing secured for 45 projects producing 1,360 affordable homes
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and major.

• Churches United for the HomelesscoreStrategic or Co-development PartnerBSI co-developed Bright Sky Apartments ($8.3M, 40 units) in Moorhead, MN with Churches United for the Homeless, providing supportive housing for individuals experiencing homelessness.
• YWCA Cass ClaycoreStrategic or Co-development PartnerBSI developed Grace Garden ($7.1M, 30 units) with YWCA Cass Clay, providing supportive housing with domestic violence case management and support services.
• MetroPlains ManagementmajorChannel Partner/ Reseller/ DistributorProperty management partner handling day-to-day operations of multiple BSI developed properties including Milton Earl, HomeField, and other senior housing communities.
• Goldmark Property ManagementmajorChannel Partner/ Reseller/ DistributorProperty management partner for BSI properties including Sunrise North Apartments in Fargo.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• The Community Builders: National nonprofit affordable housing developer with a portfolio spanning multiple states. Comparable to Beyond Shelter in CHDO-equivalent status, mixed-income and supportive housing focus, and LIHTC financing model.
• National Church Residences: National nonprofit senior housing developer and operator. Highly comparable to Beyond Shelter's senior housing pipeline (Harvest Acres, Buffalo Manor, etc.) and supportive services model, though at national scale.
• Volunteers of America National Services: National nonprofit providing supportive and affordable housing. Comparable to Beyond Shelter's supportive housing developments for individuals experiencing homelessness and special needs populations, with similar service-coordination model.
• Mercy Housing: One of the largest national nonprofit affordable housing developers. Comparable in CHDO-equivalent nonprofit structure, LIHTC-driven development, and integrated resident services, but operates at significantly greater scale across multiple states.

Regional players

• Dakota Valley Apartments: Regional nonprofit affordable housing developer operating in the Dakotas. Direct geographic and operational overlap with Beyond Shelter in the ND/SD market, though smaller and less diversified across housing types.
• Lutheran Social Services Housing: Upper Midwest faith-based nonprofit operating affordable and supportive housing. Comparable to Beyond Shelter in geographic footprint (MN/ND/SD), faith-adjacent mission orientation, and LIHTC-funded development model.

Direct peers

• Aeon: Minneapolis nonprofit affordable housing developer owning and managing thousands of affordable units across Minnesota. Comparable to Beyond Shelter in operating geography, LIHTC-driven development model, and focus on both family and supportive housing.
• CommonBond Communities: Twin Cities-based nonprofit affordable housing developer and CHDO serving Minnesota and the Upper Midwest. Directly comparable to Beyond Shelter in mission, LIHTC/HOME funding model, and resident-services-integrated housing approach.
• Project for Pride in Living (PPL): Minneapolis-based nonprofit developing affordable housing and providing supportive services. Comparable to Beyond Shelter in the dual role of housing developer and service-coordination partner for residents.

Emerging players

• Common Ground: Nonprofit housing developer focused on supportive housing and homelessness services. Comparable to Beyond Shelter's supportive housing portfolio (Bright Sky, Cooper House) and co-developer partnership approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BeyondShelterInc
• LinkedInlinkedin.com/company/beyond-shelter-inc
• Instagraminstagram.com/beyondshelterinc
• Xx.com/bsi_developer

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beyond Shelter