Civic Intelligence

Aclt P2 Inc

990 • Fiscal year 2020 • EIN 83-3566954

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 14, 2021

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

(907) 748-5848

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,144,476

Down $57,687 (-4.8%) from 2019

Net Assets

Down

$1,125,805

Down $58,236 (-4.9%) from 2019

Liabilities

Up

$18,671

Up $549 (+3.0%) from 2019

Revenue And Expenses

Revenue

Down

-$58,236

Down $68,696 (-657%) from 2019

Expenses

Flat

$0

Flat from 2019

Net Income

Down

-$58,236

Down $68,696 (-657%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1,302,030Liabilities 2018: $26,805Net Assets 2018: $1,275,2252018Assets 2019: $1,202,163Liabilities 2019: $18,122Net Assets 2019: $1,184,0412019Assets 2020: $1,144,476Liabilities 2020: $18,671Net Assets 2020: $1,125,8052020Assets 2021: $1,072,203Liabilities 2021: $14,015Net Assets 2021: $1,058,1882021Assets 2022: $1,076,600Liabilities 2022: $30,002Net Assets 2022: $1,046,5982022Assets 2023: $807,467Liabilities 2023: $8,050Net Assets 2023: $799,4172023Assets 2024: $772,042Liabilities 2024: $6,411Net Assets 2024: $765,6312024

Highlighted filing

2020

Assets$1,144,476
Liabilities$18,671
Net Assets$1,125,805
Open 2020 Filing

Operations Trend

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

$20K$0-$20K-$40K-$60K-$80KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: -$23,710Expenses 2018: $0Net Income 2018: -$23,7102018Revenue 2019: $10,460Expenses 2019: $0Net Income 2019: $10,4602019Revenue 2020: -$58,236Expenses 2020: $0Net Income 2020: -$58,2362020Revenue 2021: -$67,617Expenses 2021: $0Net Income 2021: -$67,6172021Revenue 2022: -$15,771Expenses 2022: $0Net Income 2022: -$15,7712022Revenue 2023: -$21,753Expenses 2023: $0Net Income 2023: -$21,7532023Revenue 2024: -$22,299Expenses 2024: $0Net Income 2024: -$22,2992024

Highlighted filing

2020

Revenue-$58,236
Expenses$0
Net Income-$58,236
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 14, 2021
Return Version
2020v4.1
Gross Receipts
$138,966
Mission and Program Overview

Mission

The Corporation is required to collect income from its rental property, and to turn over the entire income, less expenses, to the Anchorage Community Land Trust or other organization(s) exempt under 501(a); expenses include maintenance, debt service, reserves, and other expenses proper for a corporation holding title to real property.

Hold Title to the property located at 4133 Mountain View Drive, 3701 Mountain View Drive, and 3709 Mountain View Drive (Altogether, The Properties formerly owned by ACLT Properties 2, LLC, wholly owned by the Anchorage Community Land Trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,145,168$1,030,055▼ $115,113
Cash and Non-Interest-Bearing Accounts$41,363$86,262▲ $44,899
Accounts Receivable$14,447$26,132▲ $11,685
Prepaid Expenses and Deferred Charges$1,185$2,027▲ $842
Total Assets$1,202,163$1,144,476▼ $57,687
Liabilities
Other Liabilities$15,581$14,622▼ $959
Accounts Payable and Accrued Expenses$2,541$4,049▲ $1,508
Total Liabilities$18,122$18,671▲ $549
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,184,041$1,125,805▼ $58,236
Total Net Assets Fund Balance$1,184,041$1,125,805▼ $58,236
Total Liabilities and Net Assets / Fund Balance$1,202,163$1,144,476▼ $57,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$751,455$919,227-
Land$278,600--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kirk RoseCEOFT$114,494$114,494

Board Members and Trustees

NameTitle
Tom NewinsChair
Tyler RobinsonVice Chair
Barry EvansDirector
Judith CrottyDirector
Kirsten HalpinDirector
Laura RevelsDirector
Katie St JohnSecretary
Yaso ThiruTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-58,236
Change in Net Assets
$-58,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$-58,236
Revenue Not Reported on Form 990
$197,202
Total Revenue per Audited Statements
$138,966
Total Revenue per Form 990
$-58,236
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$197,202
Total Expenses per Audited Statements$197,202
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
Prepaid Rents$10,168
Tenant Security Deposits$4,454
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 P2 Inc
EIN
83-3566954
Address
3701 Mountain View Dr, Anchorage, AK 99508

Signing Officer

Name
Kirk Rose
Title
CEO
Phone
9077485848
Signed
2021-09-14
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Ak
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Hutchings & Associates CPAs
Address
4141 B Street Ste 207, Anchorage, AK 99503
Preparer
Rod Hutchings
Phone
9075632727
Supplemental Narrative

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“Rental expenses reported on Part VIII.”

Other expenses not included on Form 990 (Part XII, line 2D)

“Rental expenses reported on Part VIII.”

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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/ExplanationTxt0The sole stockholder (Par Value $ 0.00) is the Anchorage Community Land Trust.
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/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
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09077485848
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-14
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rod Hutchings
ReturnHeader/ReturnTs02021-09-22T20:47:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kirk
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,144,476
Liabilities
$18,671
Net assets
$1,125,805
Revenue
-$58,236
Expenses
$0
Net income
-$58,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.77$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.02$0.00$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.03$1.05$0.02$0.00$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.06$0.07$0.00$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.13$0.06$0.00$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.02$1.18$0.01$0.00$0.01
2018Summary only. Only limited summary data is available for this year.$1.30$0.03$1.28$0.02$0.00$0.02
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00