Alaska Community Development Corp
- Assets
- $940.5k
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Palmer, AK
- Founding
- 11/1980
- Data as of
- 06/2023
- EIN
- 92-0073911
Organization Overview
Alaska Community Development Corp is located in Palmer, AK. The organization was established in 1980. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Alaska Community Development Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Community Development Corp 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 06/2023, Alaska Community Development Corp generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. 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
TO ASSIST LOW INCOME INDIVIDUALS AND FAMILIES WITH HOUSING AND HOUSING IMPROVEMENTS IN ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION:ACDC PROVIDES WEATHERIZATION ASSISTANCE IN THE COPPER RIVER BASIN, KENAI PENINSULA BOROUGH, KODIAK ISLAND BOROUGH, LAKE AND PENINSULA BOROUGH, MAT-SU BOROUGH, MANY SOUTHEAST ALASKA COMMUNITIES, THE TAYLOR HIGHWAY SYSTEM, AND THE TOK AREA. THE WEATHERIZATION PROGRAM PROVIDES HOME WEATHERIZATION FOR LOW-TO-MODERATE-INCOME HOUSEHOLDS WHO OWN OR RENT ELIGIBLE HOMES: APARTMENTS, CABINS, CONDOMINIUMS, HOUSES, MOBILE HOMES, AND MULTI-FAMILY DWELLINGS (DUPLEXES AND LARGER) IN ORDER TO BRING HOMES UP TO SAFE, HEALTHY, AND ENERGY-EFFICIENT STANDARDS.
HOUSING REHABILITATION:ACDC ADMINISTERS TWO DIFFERENT GROUPS UNDER THIS PROGRAM. THE FIRST IS FOR INDIVIDUALS WHO HAVE A DISABILITY. THIS PROGRAM SERVES IN THE KENAI PENINSULA AND MAT-SU BOROUGH AND IMPROVES ACCESSIBILITY TO EXISTING HOMES TO MITIGATE DAILY FUNCTIONAL LIMITATIONS. THE SECOND PROVIDES MODIFICATIONS TO IMPROVE ACCESSIBILITY FOR SENIORS (55 YEARS OF AGE OR OLDER) CURRENTLY IN NEED OF SUCH MODIFICATIONS IN THE MUNICIPALITY OF ANCHORAGE, MAT-SU BOROUGH, KENAI PENINSULA BOROUGH, COPPER RIVER BASIN, CITY OF KODIAK, AND TOK AREA.
HOUSING ASSISTANCE:ACDC'S HOUSING ASSISTANCE PROGRAM PROMOTES HOMEOWNERSHIP FOR LOW-INCOME HOUSEHOLDS IN KENAI PENINSULA, THE MAT-SU BOROUGH, GLENNALLEN, VALDEZ, CORDOVA, JUNEAU, HAINES, KETCHIKAN, PETERSBURG, WRANGELL, SITKA AND KODIAK. ADDITIONALLY, UNDER THIS PROGRAM, ACDC PURCHASES LANDS, DEVELOPS, AND CONSTRUCTS NEW HOMES IN AN EXISTING SUBDIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Shiflea Executive Dir. | Officer | 40 | $113,776 |
Patrick Ian Sharrock Inspector | 40 | $76,448 | |
Curt Christiansen Housing Manager | 40 | $93,320 | |
Pete Byrne Construction Super | 40 | $85,520 | |
Stacy Flora Program Manager | 40 | $78,760 | |
Dan Berube Energy Specialist | 40 | $81,263 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Telance Services Weatherization Contr | 6/29/23 | $178,306 |
Remodels And More Llc Weatherization Contr | 6/29/23 | $133,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,036,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,036,757 |
| Total Program Service Revenue | $68,948 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,112,743 |
| 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. | $157,230 |
| Compensation of current officers, directors, key employees. | $27,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $329,912 |
| Payroll taxes | $60,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,352 |
| Advertising and promotion | $1,968 |
| Office expenses | $15,261 |
| Information technology | $7,278 |
| Royalties | $0 |
| Occupancy | $61,919 |
| Travel | $111,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,667 |
| Insurance | $36,976 |
| All other expenses | $12,565 |
| Total functional expenses | $3,164,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,169 |
| Savings and temporary cash investments | $199,130 |
| Pledges and grants receivable | $219,703 |
| Accounts receivable, net | $82,169 |
| 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 | $55,351 |
| Net Land, buildings, and equipment | $358,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $940,488 |
| Accounts payable and accrued expenses | $62,608 |
| Grants payable | $0 |
| Deferred revenue | $418,761 |
| 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 | $140,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,935 |
| Total liabilities | $765,304 |
| Net assets without donor restrictions | $175,184 |
| 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 | $940,488 |