Civic Intelligence

Aclt P1 Inc

990 • Fiscal year 2022 • EIN 83-3566699

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization Profilewww.anchoragelandtrust.org
3701 Mountain View DrAnchorage, AK 99508

(907) 748-5848

Siviq Scores

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

Liabilities / Assets

50th percentile

0.21x

Higher debt load relative to assets than 50% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

3.24x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Asset Growth

57th percentile

-0.2%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

49%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$5,827,848

Down $10,010 (-0.2%) from 2021

Net Assets

Up

$4,582,910

Up $12,546 (+0.3%) from 2021

Liabilities

Down

$1,244,938

Down $22,556 (-1.8%) from 2021

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin97th percentile

Revenue

Up

$383,793

Up $125,692 (+49%) from 2021

Expenses

Flat

$0

Flat from 2021

Net Income

Up

$383,793

Up $125,692 (+49%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$6.0M$4.0M$2.0M$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $5,252,780Liabilities 2018: $1,350,063Net Assets 2018: $3,902,7172018Assets 2019: $5,539,006Liabilities 2019: $1,376,341Net Assets 2019: $4,162,6652019Assets 2020: $5,669,644Liabilities 2020: $1,357,381Net Assets 2020: $4,312,2632020Assets 2021: $5,837,858Liabilities 2021: $1,267,494Net Assets 2021: $4,570,3642021Assets 2022: $5,827,848Liabilities 2022: $1,244,938Net Assets 2022: $4,582,9102022Assets 2023: $4,012,054Liabilities 2023: $270,474Net Assets 2023: $3,741,5802023Assets 2024: $3,854,872Liabilities 2024: $256,296Net Assets 2024: $3,598,5762024

Highlighted filing

2022

Assets$5,827,848
Liabilities$1,244,938
Net Assets$4,582,910
Open 2022 Filing

Operations Trend

Revenue Growth82nd percentile

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

$400K$300K$200K$100K$0Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $185,467Expenses 2018: $0Net Income 2018: $185,4672018Revenue 2019: $176,113Expenses 2019: $0Net Income 2019: $176,1132019Revenue 2020: $249,598Expenses 2020: $0Net Income 2020: $249,5982020Revenue 2021: $258,101Expenses 2021: $0Net Income 2021: $258,1012021Revenue 2022: $383,793Expenses 2022: $0Net Income 2022: $383,7932022Revenue 2023: $314,746Expenses 2023: $0Net Income 2023: $314,7462023Revenue 2024: $218,736Expenses 2024: $0Net Income 2024: $218,7362024

Highlighted filing

2022

Revenue$383,793
Expenses$0
Net Income$383,793
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$965,233
Mission and Program Overview

Mission

Hold Title to the property at 161 Klevin Street, formerly owned by ACLT Properties 1, LLC, wholly owned by the Anchorage Community Land Trust

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,453,779$4,190,387▼ $263,392
Cash and Non-Interest-Bearing Accounts$1,047,899$1,268,952▲ $221,053
Savings and Temporary Cash Investments$326,937$356,531▲ $29,594
Prepaid Expenses and Deferred Charges$9,243$9,960▲ $717
Accounts Receivable-$2,018-
Total Assets$5,837,858$5,827,848▼ $10,010
Liabilities
Mortgage Notes Payable Secured by Investment Property$977,000$977,000→ $0
Other Liabilities$234,708$224,283▼ $10,425
Accounts Payable and Accrued Expenses$55,786$43,655▼ $12,131
Total Liabilities$1,267,494$1,244,938▼ $22,556
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,570,364$4,582,910▲ $12,546
Total Net Assets Fund Balance$4,570,364$4,582,910▲ $12,546
Total Liabilities and Net Assets / Fund Balance$5,837,858$5,827,848▼ $10,010

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,557,539$5,319,879$8,877,418
Land$630,200-$630,200
Equipment$2,648$388,254$390,902
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Gary ScottChair
Pam KauvieyakulVice Chair
Barry EvansDirector
Jon BittnerDirector
Judith CrottyDirector
LeeAnn GarrickDirector
Lori McCaffreyDirector
Lucy HansenDirector
Kirk RoseCEO
Katie KavanaughSecretary
Kirsten HalpinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$87
Other Revenue
$383,706
Change in Net Assets
$383,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$386,985
Revenue Not Reported on Form 990
$581,440
Total Revenue per Audited Statements
$968,425
Total Revenue per Form 990
$386,985
Expenses and Functional Allocation

Major Expense Lines

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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$581,440
Total Expenses per Audited Statements$581,440
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Option Agreement$163,333
Prepaid Rents$31,443
Security Deposits$29,507
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The sole stockholder (Par Value $ 0.00) is the Anchorage Community Land Trust”

Form 990 governing body review Part VI line 11

“Once the completed 990 is received, it is reviewed by the ACLT Finance Committee at the call of the Chair with the auditors present to assist in the presentation at the next regular meeting after that review or a call meeting, whichever comes first, in order to complete and submit timely. The full Board will have a copy and will be walked through the documents for review and approval.”

Conflict of interest policy compliance Part VI line 12C

“The Governing Body is apprised of the requirement of declaring conflict of interest and is not allowed to vote on issues where conflict is possible or apparant. Annually, the Governing Body addresses potential or possible conflict of interest in the regular meetings, where minutes are maintained. All Board Members have completed board training at some time during their tenure concerning conflict of interest issues. For purposes of consistency, the official agenda for each board meeting contains a section requiring the Board Members to acknowledge any potential conflicts of interest on the current agenda or sign off that none exist.”

CEO executive director top management comp Part VI line 15A

“The Chairman of the Board conducts a thorough review of the CEOs performance and conducts a performance review with the CEO. Executive sessions of the Board are available for additional review.”

Governing documents etc available to public Part VI line 19

“All documents are available upon request at the Corporate Offices.”

Filing and Contact Details

Filer

Filer Name
ACLT P1 Inc
EIN
83-3566699
Address
3701 Mountain View Dr, Anchorage, AK 99508

Signing Officer

Name
Kirk Rose
Title
CEO
Phone
9077485848
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Ak
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Hutchings & Associates CPAs
Address
4141 B Street Ste 403, Anchorage, AK 99503
Preparer
Rod Hutchings
Phone
9075632727
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“A dividend was paid to Anchorage Community Land Trust”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Once the completed 990 is received, it is reviewed by the ACLT Finance Committee at the call of the Chair with the auditors present to assist in the presentation at the next regular meeting after that review or a call meeting, whichever comes first, in order to complete and submit timely. The full Board will have a copy and will be walked through the documents for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Governing Body is apprised of the requirement of declaring conflict of interest and is not allowed to vote on issues where conflict is possible or apparant. Annually, the Governing Body addresses potential or possible conflict of interest in the regular meetings, where minutes are maintained. All Board Members have completed board training at some time during their tenure concerning conflict of interest issues. For purposes of consistency, the official agenda for each board meeting contains a section requiring the Board Members to acknowledge any potential conflicts of interest on the current agenda or sign off that none exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Chairman of the Board conducts a thorough review of the CEOs performance and conducts a performance review with the CEO. Executive sessions of the Board are available for additional review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents are available upon request at the Corporate Offices.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A dividend was paid to Anchorage Community Land Trust
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13701 Mountain View Drive
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rod Hutchings
ReturnHeader/ReturnTs02023-11-14T10:15:44-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,827,848
Liabilities
$1,244,938
Net assets
$4,582,910
Revenue
$383,793
Expenses
$0
Net income
$383,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.26$3.60$0.22$0.00$0.22
2023Detailed filing. Detailed filing data is available for this year.$4.01$0.27$3.74$0.31$0.00$0.31
2022Detailed filing. Detailed filing data is available for this year.$5.83$1.24$4.58$0.38$0.00$0.38
2021Detailed filing. Detailed filing data is available for this year.$5.84$1.27$4.57$0.26$0.00$0.26
2020Detailed filing. Detailed filing data is available for this year.$5.67$1.36$4.31$0.25$0.00$0.25
2019Detailed filing. Detailed filing data is available for this year.$5.54$1.38$4.16$0.18$0.00$0.18
2018Summary only. Only limited summary data is available for this year.$5.25$1.35$3.90$0.19$0.00$0.19
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00