Aasc Housing I Inc
- Assets
- $536.3k
- Revenue
- $108.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 92-0161891
Organization Overview
Aasc Housing I Inc is located in Anchorage, AK. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aasc Housing I 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 06/2022, Aasc Housing I Inc generated $108.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $131.6k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSTRUCT AND MANAGE AFFORDABLE HOUSING FOR LOW-INCOME AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY AFFORDABLE HOUSING TO LOW-INCOME AND DISABLED PERSONS LOCATED IN ANCHORAGE, ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Kowalczuk President | OfficerTrustee | 0 | $0 |
Sue Perrins Secretarytreasurer | OfficerTrustee | 0 | $0 |
Karen Ward Vice President | OfficerTrustee | 0 | $0 |
Julie Klassy Director | Trustee | 0 | $0 |
Marc Stover Director | Trustee | 0 | $0 |
Jan Hood Director | Trustee | 0 | $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 | $108,177 |
| Investment income | $23 |
| 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 | $108,200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| 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 | $28,920 |
| 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 | $41,209 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $131,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,117 |
| 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 | $2,089 |
| Net Land, buildings, and equipment | $423,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,719 |
| Total assets | $536,276 |
| Accounts payable and accrued expenses | $8,447 |
| 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 | $1,214,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,737 |
| Total liabilities | $1,282,084 |
| Net assets without donor restrictions | -$796,457 |
| Net assets with donor restrictions | $50,649 |
| 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 | $536,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Archdiocesan Housing Authority Seattle, WA | $126,256,041 | $25,902,954 |
Herons Key Redmond, WA | $136,208,870 | $21,024,453 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Habitat For Humanity International Inc Spokane, WA | $8,447,142 | $6,994,226 |
Homestead Community Land Trust Seattle, WA | $27,329,923 | $6,114,332 |
Catholic Charities Housing Services Diocese Of Yakima Yakima, WA | $29,693,210 | $6,976,540 |
Habitat For Humanity International Inc Tacoma, WA | $17,866,914 | $12,307,277 |
Catholic Housing Services Of Eastern Washington Spokane, WA | $50,661,473 | $5,280,183 |
Tri State Steelheaders Walla Walla, WA | $893,078 | $3,665,367 |
Habitat For Humanity International Inc Port Townsend, WA | $6,807,996 | $5,282,741 |
Habitat For Humanity International Inc Vancouver, WA | $4,559,452 | $3,334,085 |