Civic Intelligence

Anchorage Affordable Housing And

EIN 88-4139039 • 501(c)3 • Anchorage, AK

Profile

To expand and preserve year-round rental opportunities that are affordable to moderate, low, and very low-income households to foster a welcoming environment for demographically and socio-economically diverse populations in Anchorage, AK.

2440 E Tudor Road STE 1069Anchorage, AK 99507

aahlt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

23rd percentile

-6.2%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$16,183,750

Up $471,669 (+3.0%) from 2023

Liabilities

Down

$265,624

Down $433,327 (-62%) from 2023

Net Assets

Up

$15,918,126

Up $904,996 (+6.0%) from 2023

Revenue

Down

$5,097,539

Down $7,449,874 (-59%) from 2023

Expenses

Up

$4,192,543

Up $881,066 (+27%) from 2023

Net Income

Down

$904,996

Down $8,330,940 (-90%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2022: $12,113,472Liabilities 2022: $6,336,278Net Assets 2022: $5,777,1942022Assets 2023: $15,712,081Liabilities 2023: $698,951Net Assets 2023: $15,013,1302023Assets 2024: $16,183,750Liabilities 2024: $265,624Net Assets 2024: $15,918,1262024

Highlighted filing

2024

Assets$16,183,750
Liabilities$265,624
Net Assets$15,918,126

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2022: $5,792,222Expenses 2022: $15,028Net Income 2022: $5,777,1942022Revenue 2023: $12,547,413Expenses 2023: $3,311,477Net Income 2023: $9,235,9362023Revenue 2024: $5,097,539Expenses 2024: $4,192,543Net Income 2024: $904,9962024

Highlighted filing

2024

Revenue$5,097,539
Expenses$4,192,543
Net Income$904,996

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$5,097,539
Mission and Program Overview

Mission

To expand and preserve year-round rental opportunities that are affordable to moderate, low, and very low-income households to foster a welcoming environment for demographically and socio-economically diverse populations in Anchorage, AK.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,848,478$14,996,292▲ $147,814
Cash and Non-Interest-Bearing Accounts$600,280$985,106▲ $384,826
Accounts Receivable$188,323$111,441▼ $76,882
Total Assets$15,712,081$16,183,750▲ $471,669
Other Assets Total$75,000$90,911▲ $15,911
Liabilities
Other Liabilities$156,556$178,048▲ $21,492
Deferred Revenue$128,747--
Accounts Payable and Accrued Expenses$413,648$87,576▼ $326,072
Total Liabilities$698,951$265,624▼ $433,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,013,130$15,918,126▲ $904,996
Total Net Assets Fund Balance$15,013,130$15,918,126▲ $904,996
Total Liabilities and Net Assets / Fund Balance$15,712,081$16,183,750▲ $471,669

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,664,538$462,812$9,127,350
Land$3,301,203-$3,301,203
Leasehold Improvements$2,999,730$85,528$3,085,258
Equipment$30,821$10,113$40,934
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jason BockenstedtExecutive Director$140,000$140,000

Board Members and Trustees

NameTitle
Joseph EverhartPresident
Josie HickelVice President
Carol GoreDirector
Gretchen GuessDirector
Michele BrownDirector
Ron PollockDirector
John WeddletonSecretary
Victor MollozziTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mash Property ManagementProperty Mgmt445 E 5th Ave Ste 201, Anchorage, AK 99501$549,221
Revenue and Support

Revenue Composition

Contributions and Grants
$2,503,085
Program Service Revenue
$2,479,572
Investment Income
$0
Other Revenue
$114,882
All Other Contributions
$479,379
Change in Net Assets
$904,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,097,539
Total Revenue per Audited Statements
$5,097,539
Total Revenue per Form 990
$5,097,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,502,413
Salaries, Compensation, and Employee Benefits$690,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,401,916$4,962-$1,401,916
Other Salaries and Wages$325,977--$325,977
Depreciation Depletion$303,481--$303,481
Current Officers, Directors, Trustees, and Key Employees-$224,808-$224,808
Insurance$72,884$88,632-$161,516
Payroll Taxes$123,295$16,050-$139,345
Office Expenses$38,072--$38,072
All Other Expenses$23,531--$23,531
Fees for Services Legal$20,231--$20,231
Fees for Services Accounting-$13,676-$13,676
Fees for Services Other$6,538$506-$7,044
Total Functional Expenses$3,843,909$348,634$0$4,192,543

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,192,543
Total Expenses per Audited Statements$4,192,543
Total Expenses per Form 990$4,192,543
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rents$96,622
Loan from MASH PM$81,426
Tenant Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Board of Directors has an opportunity to review the tax return before filing.

Conflict of interest policy compliance Part VI line 12C

Board members and staff are obligated to report potential conflicts in a timely manner and always before any decision, transaction or action related to the conflict.

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
Anchorage Affordable Housing and
EIN
88-4139039
In Care Of
% Joseph Everhart
Address
2440 E Tudor Road STE 1069, Anchorage, AK 99507
Doing Business As
Land Trust

Signing Officer

Name
Joseph Everhart
Title
President
Phone
9072748638
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2022
Legal Domicile
Ak
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Hutchings & Associates CPAs
Address
4141 B Street Ste 403, Anchorage, AK 99503
Preparer
Rod Hutchings
Phone
9075632727
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03301203
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Rents
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loan from MASH PM
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors has an opportunity to review the tax return before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members and staff are obligated to report potential conflicts in a timely manner and always before any decision, transaction or action related to the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available upon request at the Corporate Offices.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05097539
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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