Anchorage Housing Initiatives Inc
- Assets
- $2.9m
- Revenue
- $282.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Anchorage, AK
- Founding
- 12/1994
- Data as of
- 06/2024
- EIN
- 92-0151960
Organization Overview
Anchorage Housing Initiatives Inc is located in Anchorage, AK. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Housing Initiatives 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 06/2024, Anchorage Housing Initiatives Inc generated $282.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $217.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED TO PROMOTE AND PROVIDE AFFORDABLE HOUSING TO LOW-INCOME AND DISABLED PERSONS IN ANCHORAGE, ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND PROVIDE AFFORDABLE HOUSING TO LOW-INCOME AND DISABLED PERSONS IN THE MUNICIPALITY OF ANCHORAGE, ALASKA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan C Hood Director | Trustee | 0.5 | $0 |
Daniel Powers Director | Trustee | 0.5 | $0 |
Julie Klassy Director | Trustee | 0.5 | $0 |
Fabienne Smith Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Ward Vice President | OfficerTrustee | 1 | $0 |
Kathleen Kowalczuk President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,125 |
| 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 | $206,125 |
| Total Program Service Revenue | $43,560 |
| Investment income | $32,838 |
| 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 | $282,551 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,241 |
| Advertising and promotion | $0 |
| Office expenses | $590 |
| Information technology | $470 |
| Royalties | $0 |
| Occupancy | $3,098 |
| 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 | $0 |
| Insurance | $5,238 |
| All other expenses | $0 |
| Total functional expenses | $217,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,974 |
| Accounts receivable, net | $107,010 |
| 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 | $7,126 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,409,759 |
| Total assets | $2,893,862 |
| Accounts payable and accrued expenses | $5,574 |
| 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 | $7,564 |
| Total liabilities | $13,138 |
| Net assets without donor restrictions | $2,880,724 |
| 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 | $2,893,862 |