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Nonprofiteer
← ANCHORAGE NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2022

Filed by ANCHORAGE NEIGHBORHOOD HOUSING SERVICES INC.

Totals

Total revenue
$16,020,339
Total expenses
$15,428,194
Contributions and grants received
$4,707,514
Grants paid
$0
Program service revenue
$11,269,726
Investment income
$21,164
Other revenue
$21,935
Total assets, end of year
$55,413,010
Total liabilities, end of year
$31,894,555
Net assets or fund balances, end of year
$23,518,455
Program services expenses (Part IX)
$13,977,757
Management and general expenses
$1,389,453
Fundraising expenses
$60,984
Program service expenses (Part III)
$13,977,757

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,670,099

  • 1f · All other contributions, gifts and grants

    $37,415

  • 1g · Noncash contributions included above

    $6,460

  • 2a · Program service revenue: Fee Income

    total $322,464 · related or exempt $322,464

  • 2b · Program service revenue: Loan Interest

    total $262,603 · related or exempt $262,603

  • 2c · Program service revenue: Rental Income

    total $10,684,659 · related or exempt $10,684,659

  • 2d · Program service revenue: Loussac Sogn 13

    related or exempt -$159,404 · unrelated business $159,404

  • 3 · Investment income

    total $21,164 · excluded $21,164

  • 11a · Other revenue: Gain on Asset Disposal

    total $14,233 · excluded $14,233

  • 11b · Other revenue: Other Income

    total $7,702 · excluded $7,702

  • 11e · Other revenue, total

    $21,935

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $465,530 · program services $232,765 · management and general $232,765

  • 7 · Other salaries and wages

    total $3,147,480 · program services $2,587,716 · management and general $551,297 · fundraising $8,467

  • 8 · Pension plan contributions

    total $88,752 · program services $72,968 · management and general $15,545 · fundraising $239

  • 9 · Other employee benefits

    total $626,752 · program services $515,287 · management and general $109,779 · fundraising $1,686

  • 10 · Payroll taxes

    total $289,144 · program services $237,721 · management and general $50,645 · fundraising $778

  • 11b · Fees: legal

    total $30,494 · program services $24,841 · management and general $5,501 · fundraising $152

  • 11c · Fees: accounting

    total $80,240 · program services $65,366 · management and general $14,475 · fundraising $399

  • 11g · Fees: other

    total $519,139 · program services $422,904 · management and general $93,653 · fundraising $2,582

  • 12 · Advertising and promotion

    total $57,849 · program services $55,867 · management and general $1,978 · fundraising $4

  • 13 · Office expenses

    total $327,838 · program services $182,681 · management and general $142,174 · fundraising $2,983

  • 17 · Travel

    total $25,663 · program services $16,093 · management and general $9,570

  • 20 · Interest

    total $1,384,212 · program services $1,367,689 · management and general $16,365 · fundraising $158

  • 22 · Depreciation, depletion and amortization

    total $1,239,607 · program services $1,222,768 · management and general $16,725 · fundraising $114

  • 23 · Insurance

    total $895,149 · program services $792,752 · management and general $102,844 · fundraising -$447

  • 24a · Other expenses: Utilities

    total $1,836,678 · program services $1,829,335 · management and general $7,241 · fundraising $102

  • 24b · Other expenses: Grant Related

    total $2,222,710 · program services $2,222,710

  • 24c · Other expenses: Maintenance

    total $806,367 · program services $801,745 · management and general $4,554 · fundraising $68

  • 24d · Other expenses: Property taxes

    total $446,368 · program services $446,368

  • 24e · All other expenses

    total $938,222 · program services $880,181 · management and general $14,342 · fundraising $43,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,443,995 · end of year $1,528,974

  • 2 · Savings and temporary cash investments

    beginning of year $6,640,185 · end of year $5,202,049

  • 3 · Pledges and grants receivable

    beginning of year $855,093 · end of year $550,405

  • 4 · Accounts receivable

    beginning of year $233,201 · end of year $250,830

  • 7 · Other notes and loans receivable

    beginning of year $5,564,507 · end of year $4,972,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $329,677 · end of year $292,557

  • 10a · Land, buildings and equipment: cost or other basis

    $67,720,820

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,237,017

  • 10c · Land, buildings and equipment, net

    beginning of year $43,697,504 · end of year $42,483,803

  • 11 · Investments: publicly traded securities

    end of year $1,050,648

  • 14 · Intangible assets

    beginning of year $277,330 · end of year $496,332

  • 15 · Other assets

    beginning of year -$606,733 · end of year -$1,415,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $450,332 · end of year $356,260

  • 19 · Deferred revenue

    beginning of year $643,011 · end of year $62,591

  • 23 · Secured mortgages and notes payable

    beginning of year $34,601,766 · end of year $30,080,299

  • 25 · Other liabilities

    beginning of year $1,863,590 · end of year $1,395,405

  • 27 · Net assets without donor restrictions

    beginning of year $19,335,070 · end of year $21,780,695

  • 28 · Net assets with donor restrictions

    beginning of year $1,540,990 · end of year $1,737,760

Mission and programs · 2022

Mission

The Organization is dedicated to improving the quality of life for families and individuals by preserving homes, creating new housing opportunities and strengthening neighborhoods.

  • The Organization is dedicated to providing quality, safe and clean affordable apartments homes in convenient locations in Anchorage, Alaska.

    Expenses $8,518,134 · Revenue $10,684,659

  • The Organization believes that all residents should have opportunities for civic engagement, leadership development and connections to the wider community. It empowers people to make a positive difference in the neighborhoods and city.

    Expenses $4,531,206 · Revenue $4,707,514

  • The Organization offers home buyer education and an array of affordable loan programs designed to assist home buyers with purchasing a home. Products include down payment and closing cost assistance loan as well as first and second mortgages.

    Expenses $928,417 · Revenue $585,067

As filed on the 2022 return.

Listed in Part VII

  • Tim Geraty

    Deputy Director

    Total calculated
    $150,637
    From this org
    $130,962
    From related orgs
    $0
    Other
    $19,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,962
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,675
    Filer's total
    $150,637

  • Erica Otten

    Finance Director

    Total calculated
    $138,647
    From this org
    $119,472
    From related orgs
    $0
    Other
    $19,175
    Hours/week
    40

  • Lori Nealley

    Director of Affordable Housin

    Total calculated
    $129,349
    From this org
    $110,516
    From related orgs
    $0
    Other
    $18,833
    Hours/week
    40

  • Jim Nordlund

    Executive Director

    Total calculated
    $107,471
    From this org
    $104,580
    From related orgs
    $0
    Other
    $2,891
    Hours/week
    40

  • Michael Fredericks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim MacKenzie

    Director of Operations

    Total calculated
    $0
    Hours/week
    40

  • Mara Hill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anna Brawley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aaron OQuinnn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tasha Hotch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Chamard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Gee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Syl Fowlis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sue Wolfe

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Kesler

    President

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Plunkett

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Deborah Bonito

    Vice President

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Adelaide LLC

    Affordable housing · AK

    Directly controlled by Anchorage Neighborhood Housing Services

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321399349300422

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