Civic Intelligence

Haa Aani Community Development Fund Inc

990 • Fiscal year 2014 • EIN 45-4295940

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 09, 2015

1 Sealaska Plz Ste 400Juneau, AK 99801

(907) 586-1512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

98th percentile

85%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$342,331

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 68.2% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

91st percentile

62%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

228%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$978,144

Up $373,678 (+62%) from 2013

Net Assets

Up

$978,144

Up $425,994 (+77%) from 2013

Liabilities

Down

$0

Down $52,316 (-100%) from 2013

Revenue

Up

$501,992

Up $348,954 (+228%) from 2013

Expenses

Down

$75,998

Down $25,345 (-25%) from 2013

Net Income

Up

$425,994

Up $374,299 (+724%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2012: $500,455Liabilities 2012: $0Net Assets 2012: $500,4552012Assets 2013: $604,466Liabilities 2013: $52,316Net Assets 2013: $552,1502013Assets 2014: $978,144Liabilities 2014: $0Net Assets 2014: $978,1442014Assets 2015: $1,613,309Liabilities 2015: $550,576Net Assets 2015: $1,062,7332015Assets 2016: $2,342,912Liabilities 2016: $1,437,448Net Assets 2016: $905,4642016Assets 2017: $2,287,088Liabilities 2017: $1,448,497Net Assets 2017: $838,5912017Assets 2018: $2,370,511Liabilities 2018: $1,422,344Net Assets 2018: $948,1672018Assets 2019: $2,687,532Liabilities 2019: $1,688,913Net Assets 2019: $998,6192019Assets 2020: $2,882,638Liabilities 2020: $1,787,619Net Assets 2020: $1,095,0192020Assets 2021: $2,965,503Liabilities 2021: $1,639,273Net Assets 2021: $1,326,2302021Assets 2022: $21,033,643Liabilities 2022: $1,823,346Net Assets 2022: $19,210,2972022Assets 2023: $30,397,018Liabilities 2023: $5,424,662Net Assets 2023: $24,972,3562023Assets 2024: $38,810,332Liabilities 2024: $5,128,320Net Assets 2024: $33,682,0122024

Highlighted filing

2014

Assets$978,144
Liabilities$0
Net Assets$978,144

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $2042012Revenue 2013: $153,038Expenses 2013: $101,343Net Income 2013: $51,6952013Revenue 2014: $501,992Expenses 2014: $75,998Net Income 2014: $425,9942014Revenue 2015: $435,586Expenses 2015: $350,997Net Income 2015: $84,5892015Revenue 2016: $701,737Expenses 2016: $670,498Net Income 2016: $31,2392016Revenue 2017: $956,324Expenses 2017: $1,023,197Net Income 2017: -$66,8732017Revenue 2018: $1,111,234Expenses 2018: $1,001,658Net Income 2018: $109,5762018Revenue 2019: $1,323,136Expenses 2019: $1,262,316Net Income 2019: $60,8202019Revenue 2020: $1,991,162Expenses 2020: $1,883,433Net Income 2020: $107,7292020Revenue 2021: $3,464,933Expenses 2021: $3,457,340Net Income 2021: $7,5932021Revenue 2022: $20,825,542Expenses 2022: $2,913,388Net Income 2022: $17,912,1542022Revenue 2023: $8,914,190Expenses 2023: $3,997,069Net Income 2023: $4,917,1212023Revenue 2024: $12,064,509Expenses 2024: $5,040,398Net Income 2024: $7,024,1112024

Highlighted filing

2014

Revenue$501,992
Expenses$75,998
Net Income$425,994
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 9, 2015
Return Version
2014v5.0
Gross Receipts
$562,579
Mission and Program Overview

Mission

Our primary purpose is to provide education, training, and direct lending of money to support local and regional economic and community development effort, with an emphasis on underserved communities and populations.

Improving economic conditions in southeast Alaska communities through innovation, sustainability and collaboration. The CDFI will provide micro and small business loans to eligible borrowers in those communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$567,654$894,667▲ $327,013
Other Notes and Loans Receivable, Net$36,812$82,827▲ $46,015
Accounts Receivable-$650-
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$604,466$978,144▲ $373,678
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$52,316--
Total Liabilities$52,316$0▼ $52,316
Net Assets / Fund Balance
Unrestricted Net Assets$532,798$571,601▲ $38,803
Temporarily Rstr Net Assets$19,352$406,543▲ $387,191
Total Net Assets Fund Balance$552,150$978,144▲ $425,994
Total Liabilities and Net Assets / Fund Balance$604,466$978,144▲ $373,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Edward DavisExecutive DirectorPT$123,346$123,346
Edward ThomasDirector-$66,890$66,890
Johanna MitchellDirector-$63,667$63,667
William A Thomas JrDirector-$59,292$59,292
Byron MallottDirector-$19,542$19,542

Board Members and Trustees

NameTitle
Christopher PerezDirector
Russell DickDirector
Russell Dick Former Exec DirExecutive Director
Nicole HallingstadSecretary
Anthony MallottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$492,066
Program Service Revenue
$3,926
Investment Income
$0
Other Revenue
$6,000
All Other Contributions
$477,496
Change in Net Assets
$425,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,086
Grants and Similar Amounts Paid$15,912
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,912--$15,912
Fees for Services Legal$4,861--$4,861
Other Expenses$72--$72
Total Functional Expenses$75,998$0$0$75,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,587
Fundraising Direct Expenses$60,587
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cufflinks & Pearls Fundraiser$66,587$66,587$12,424$54,163
Total Events$66,587$66,587$60,587$6,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The return is prepared and reviewed by the tax department of Sealaska Corporation. For 2014, the Executive Director of Haa Aani CDFI has also reviewed the return prior to signing and filing with the IRS.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Copies of the organization's Form 990 are available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of the organization's governing docs, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Haa Aani Community Development Fund Inc
EIN
45-4295940
Phone
9075861512
Address
1 SEALASKA PLZ STE 400, JUNEAU, AK 99801

Signing Officer

Name
Ed Davis
Title
Executive Director
Signed
2015-10-09

Organization Details

Formed
2012
Legal Domicile
Ak
Voting Board Members
5
Independent Board Members
1
Employees
0
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0425994
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt014570
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0501992
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0497059
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0150827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0500000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01147886
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03926
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01592
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0659
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt06177
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01154063
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0500985
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0152419
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0500659
IRS990ScheduleA/Total509Grp/TotalAmt01154063
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0500985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0152419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0500659
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01154063
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt060587
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt021761
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt021761
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Cufflinks & Pearls Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt024262
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt024262
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066587
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066587
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066587
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt066587
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06000
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012424
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012424
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02140
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02140
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015912
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Path to Prosperity Award
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All Grants were distributed in accordance with the Path to Prosperity competition rules. A complete set of rules is available at p2pweb.org. Funds are disbursed to award recipients upon receipt of documentation supporting covered expenditures or are paid directly to third party vendors for authorized goods or services purchased on behalf of the award recipients.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0232308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1135173
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2150136
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0207158
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt178941
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Anthony Mallott
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Nicole Hallingstad
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Russell Dick Former Exec Dir
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0232308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1342331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2229077

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$5.13$33.7$12.1$5.04$7.02
2023Summary only. Only limited summary data is available for this year.$30.4$5.42$25.0$8.91$4.00$4.92
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$1.82$19.2$20.8$2.91$17.9
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$1.64$1.33$3.46$3.46$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$1.79$1.10$1.99$1.88$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$1.69$1.00$1.32$1.26$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$1.42$0.95$1.11$1.00$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$1.45$0.84$0.96$1.02$0.07
2016Summary only. Only limited summary data is available for this year.$2.34$1.44$0.91$0.70$0.67$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.55$1.06$0.44$0.35$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.50$0.08$0.43
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.05$0.55$0.15$0.10$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.00