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← AASC II

Form 990 for tax year 2022

Filed by AASC II.

Totals

Total revenue
$119,321
Total expenses
$189,767
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$119,278
Investment income
$43
Other revenue
$0
Total assets, end of year
$2,318,277
Total liabilities, end of year
$2,014,842
Net assets or fund balances, end of year
$303,435
Program services expenses (Part IX)
$189,767
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$189,767

Program services were 100.0% 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.

  • 2a · Program service revenue: Affordable Housing Rent

    total $119,278 · related or exempt $119,278

  • 3 · Investment income

    total $43 · excluded $43

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,800 · program services $7,800

  • 11c · Fees: accounting

    total $11,400 · program services $11,400

  • 13 · Office expenses

    total $23,965 · program services $23,965

  • 16 · Occupancy

    total $30,221 · program services $30,221

  • 22 · Depreciation, depletion and amortization

    total $72,807 · program services $72,807

  • 24a · Other expenses: CleaningMaintenance

    total $41,130 · program services $41,130

  • 24b · Other expenses: Bad Debt

    total $2,444 · program services $2,444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $969 · end of year $7,430

  • 4 · Accounts receivable

    beginning of year $653 · end of year $1,925

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,629 · end of year $1,778

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

    $3,177,549

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

    $930,690

  • 10c · Land, buildings and equipment, net

    beginning of year $2,314,225 · end of year $2,246,859

  • 15 · Other assets

    beginning of year $72,513 · end of year $60,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,314 · end of year $4,434

  • 23 · Secured mortgages and notes payable

    beginning of year $2,003,487 · end of year $2,003,487

  • 25 · Other liabilities

    beginning of year $5,307 · end of year $6,921

  • 27 · Net assets without donor restrictions

    beginning of year $306,346 · end of year $247,954

  • 28 · Net assets with donor restrictions

    beginning of year $67,535 · end of year $55,481

Mission and programs · 2022

Mission

Provide quality affordable housing for disabled persons in Anchorage, Alaska.

  • Operate a 10-plex in Anchorage, Alaska for disabled persons within the municipality.

    Expenses $189,767 · Revenue $119,278

As filed on the 2022 return.

Listed in Part VII

  • Julie Klassy

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Van Den Top

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Hood

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Stover

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Sue Perrins

    SecTreasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Ward

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen Kowalczuk

    President

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202312729349300521

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