Aaniyak Incorporated Aaniyak Incorporated
- Assets
- $2.7m
- Revenue
- $11.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anaktuvuk Pass, AK
- Founding
- 06/2004
- Data as of
- 06/2017
- EIN
- 87-0697512
Organization Overview
Aaniyak Incorporated Aaniyak Incorporated is located in Anaktuvuk Pass, 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. Aaniyak Incorporated Aaniyak Incorporated 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, Aaniyak Incorporated Aaniyak Incorporated generated $11.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $154.5k 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
AANIYAK INC. IS A SINGLE-PURPOSE, NON-PROFIT ENTITY. AANIYAK, 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 ANAKTUVUK PASS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSTRUCTION OF 5-PLEX IN ANAKTUVUK PASS HAS BEEN COMPLETED. AT THE END OF CURRENT FISCAL YEAR, 3 UNITS HAVE BEEN OCCUPIED BY LOW-INCOME ELDER TENANT, AND 2 UNITS HAVE BEEN VACANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lela Ahgook Vice Preside | OfficerTrustee | 1 | $0 |
Raymond Paneak President | OfficerTrustee | 1 | $0 |
Michael Morry Secretary | OfficerTrustee | 1 | $0 |
Larry Burris Treasurer | OfficerTrustee | 1 | $0 |
Bass Gordon Director | Trustee | 1 | $0 |
Thomas Rulland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,400 |
| 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 | $11,257 |
| 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 | $727 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,795 |
| 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 | $119,469 |
| Insurance | $17,731 |
| All other expenses | $0 |
| Total functional expenses | $154,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,871 |
| 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 | $2,663,380 |
| Accounts payable and accrued expenses | $1,252 |
| 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 | $26,885 |
| Total liabilities | $28,137 |
| Net assets without donor restrictions | $2,635,243 |
| 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 | $2,635,243 |
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