Allualikmiut Inc Allualikmiut Inc
- Assets
- $2.5m
- Revenue
- $29.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wainwright, AK
- Founding
- 05/2004
- Data as of
- 06/2017
- EIN
- 51-0488617
Organization Overview
Allualikmiut Inc Allualikmiut Inc is located in Wainwright, AK. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. Allualikmiut Inc Allualikmiut Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2017, Allualikmiut Inc Allualikmiut Inc generated $29.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $167.9k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
ALLUALIKMIUT, INC A SINGLE-PURPOSE, NON-PROFIT ENTITY. ALLUALIKMIUT,INC IS DEDICATED TO THE DEVELOPMENT, CONSTRUCTION, AND MANAGEMENT OF SAFE, AFFORDABLE HOUSING EXCLUSIVELY FOR LOW-INCOME ELDERS. AGE SIXTY-TWO AND OLDER, IN THE VILLAGE OF WAINWRIGHT. THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS THE CONSTRUCTION, MAINTENANCE, AND MANAGEMENT OF A SENIOR HOUISNG FACIALITY SUBSIDIZED THROUGH HUD SECTION 202 SENIOR HOUSING PROGRAM. AS OF SEPTEMBER 30,2011, THE 202 CAPITAL ADVANCE NOTE OF THE U.S. HOUSING ACT AND ITS IMPLEMENTING REGULATIONS AND THE TERMS OF REGULARTORY AGREEMENT, USE AGREEMENT, AND THE PROJECT RTENTAL ASSISTNCE CONTRACT (PRAC) ARE NO LONGER APPLICABLE AND ARE NOT ENFORCEABLE BY DEPARTMENT OF HOUSING URBAN DEVELOPMENT (HUD).
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF THE SENIOR HOUSING FACILITIY, THE 5-PLEX LOCATED IN WAINWRIGHT, HAS BEEN COMPLETED. 3 UNITS HAVE BEEN OCCUPIED BY THE LOW- INCOME ELDER TENANTS, AND 2 UNITS ARE VACANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rossman E Peetook President | OfficerTrustee | 1 | $0 |
Beverly Aveoganna Director | Trustee | 1 | $0 |
June Childress Director | Trustee | 1 | $0 |
Doreen Lampe Director | Trustee | 1 | $0 |
Billy Nashoalook Secretary/tr | Trustee | 1 | $0 |
George Agnassagga Vice Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,715 |
| Investment income | $0 |
| 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 | $29,147 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $707 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,346 |
| Insurance | $17,731 |
| All other expenses | $0 |
| Total functional expenses | $167,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,548,226 |
| Accounts payable and accrued expenses | $1,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,256 |
| Total liabilities | $49,510 |
| Net assets without donor restrictions | $2,498,716 |
| 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 |
| Total liabilities and net assets/fund balances | $2,498,716 |
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