Alaska Housing Development Corporation
- Assets
- $4.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Juneau, AK
- Founding
- 01/1972
- Data as of
- 04/2023
- EIN
- 23-7121924
Organization Overview
Alaska Housing Development Corporation is located in Juneau, AK. The organization was established in 1972. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 04/2023, Alaska Housing Development Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Housing Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2023, Alaska Housing Development Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.0m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALASKA HOUSING DEVELOPMENT CORPORATION OPERATES AFFORDABLE APARTMENTS TO PROVIDE AFFORDABLE HOUSING TO LOW/ MEDIUM/MODERATE INCOME FAMILIES AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO PERSONS WITH LOW TO MODERATE INCOMES.
HOUSING ASSISTANCE PROGRAM - GRANT PASS-THROUGH FROM GASTINEAU HUMAN SERVICES TO PROVIDE FUNDS FOR SECURITY DEPOSITS AND EVICTION PREVENTION TO LOW-INCOME HOUSEHOLDS IN JUNEAU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Rowcroft Executive Director | Officer | 37.5 | $128,802 |
Stephen Sorensen President | OfficerTrustee | 0.5 | $0 |
Minerva Mac Carandang Vice President | OfficerTrustee | 0.5 | $0 |
Mary Bernadette Blankenship Secretary | OfficerTrustee | 0.5 | $0 |
Cynthia Gleason Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,310 |
| Total Program Service Revenue | $1,787,145 |
| Investment income | $2,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,969,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,121 |
| Compensation of current officers, directors, key employees. | $20,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,781 |
| Pension plan accruals and contributions | $39,300 |
| Other employee benefits | $46,500 |
| Payroll taxes | $42,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,393 |
| Fees for services: Accounting | $28,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,328 |
| Advertising and promotion | $3,672 |
| Office expenses | $148,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $573,678 |
| Travel | $5,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $809 |
| Interest | $57,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,923 |
| Insurance | $129,021 |
| All other expenses | $0 |
| Total functional expenses | $2,041,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,876 |
| Savings and temporary cash investments | $9,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,718 |
| Prepaid expenses and deferred charges | $65,839 |
| Net Land, buildings, and equipment | $2,620,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,845 |
| Total assets | $4,081,577 |
| Accounts payable and accrued expenses | $220,311 |
| Grants payable | $0 |
| Deferred revenue | $41,893 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,303,016 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,424 |
| Total liabilities | $1,668,644 |
| Net assets without donor restrictions | $2,412,933 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,081,577 |