Alaska Housing Development Corporation
- Assets
- $4.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Juneau, AK
- Founding
- 01/1972
- Data as of
- 04/2022
- 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 04/2022, Alaska Housing Development Corporation employed 10 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 04/2022, Alaska Housing Development Corporation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.9m during the year ending 04/2022. 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Rowcroft Executive Director | Officer | 37.5 | $128,175 |
Stephen Sorensen President | OfficerTrustee | 0.5 | $0 |
Minerva Mac Carandang Vice President | OfficerTrustee | 0.5 | $0 |
Cynthia Gleason Treasurer | OfficerTrustee | 0.5 | $0 |
Mary Bernadette Blankenship Secretary | 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 | $101,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,085 |
| Total Program Service Revenue | $1,790,190 |
| Investment income | $20 |
| 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 | $1,940,857 |
| 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. | $154,037 |
| Compensation of current officers, directors, key employees. | $21,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,759 |
| Pension plan accruals and contributions | $45,930 |
| Other employee benefits | $37,666 |
| Payroll taxes | $39,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,246 |
| Fees for services: Accounting | $29,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,456 |
| Advertising and promotion | $5,488 |
| Office expenses | $127,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $559,383 |
| Travel | $6,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,005 |
| Interest | $59,526 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,641 |
| Insurance | $114,243 |
| All other expenses | $0 |
| Total functional expenses | $1,942,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,216 |
| Savings and temporary cash investments | $9,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,339 |
| Prepaid expenses and deferred charges | $58,838 |
| Net Land, buildings, and equipment | $2,711,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,739 |
| Total assets | $4,317,973 |
| Accounts payable and accrued expenses | $246,689 |
| Grants payable | $0 |
| Deferred revenue | $68,105 |
| 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 | $1,418,869 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,547 |
| Total liabilities | $1,833,210 |
| Net assets without donor restrictions | $2,484,763 |
| 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 | $4,317,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Housing Development Corporation has recieved totaling $103,190.
| Awarding Organization | Amount |
|---|---|
Gastineau Human Services Corp Juneau, AK PURPOSE: HOMELESS ASSISTANCE: | $103,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Habitat For Humanity International Inc Spokane, WA | $8,447,142 | $6,994,226 |
Homestead Community Land Trust Seattle, WA | $27,329,923 | $6,114,332 |
Catholic Charities Housing Services Diocese Of Yakima Yakima, WA | $29,693,210 | $6,976,540 |
Habitat For Humanity International Inc Tacoma, WA | $17,866,914 | $12,307,277 |
Catholic Housing Services Of Eastern Washington Spokane, WA | $50,661,473 | $5,280,183 |
Tri State Steelheaders Walla Walla, WA | $893,078 | $3,665,367 |
Habitat For Humanity International Inc Port Townsend, WA | $6,807,996 | $5,282,741 |
Habitat For Humanity International Inc Vancouver, WA | $4,559,452 | $3,334,085 |
Northwest Association For Housing Affordability Spokane, WA | $14,580,061 | $2,317,224 |
Stephens Place Vancouver, WA | $10,607,593 | $2,273,222 |
Habitat For Humanity International Inc Richland, WA | $6,678,020 | $2,569,320 |