Aclt P1

Organization Overview

Aclt P1 is located in Anchorage, AK. The organization was established in 2019. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aclt P1 is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2023, Aclt P1 generated $314.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year .

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HOLD TITLE TO THE PROPERTY AT 161 KLEVIN STREET, FORMERLY OWNED BY ACLT PROPERTIES 1, LLC, WHOLLY OWNED BY THE ANCHORAGE COMMUNITY LAND TRUST

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION IS REQUIRED TO COLLECT INCOME FROM ITS RENTAL PROPERTY AND TO TURN OVER THE ENTIRE INCOME, LESS EXPENSES, TO THE ANCHORAGE COMMUNITY LAND TRUST OR OTHER ORGANIZATION(S) EXEMPT UNDER 501(A); EXPENSES INCLUDE MAINTENANCE, DEBT SERVICE, RESERVES, AND OTHER EXPENSES PROPER FOR A CORPORATION HOLDING TITLE TO REAL PROPERTY.


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Board, Officers & Key Employees

Name (title)Compensation
Barry Evans
Director
$0
Lori Mccaffrey
Director
$0
Leeann Garrick
Director
$0
Jon Bittner
Director
$0
Lucy Hansen
Director
$0
Pam Kauvieyakul
Vice Chair
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $314,625
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 $314,746

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