Totals
- Total revenue
- $3,493,060
- Total expenses
- $3,529,195
- Contributions and grants received
- $2,461,893
- Grants paid
- $0
- Program service revenue
- $582,474
- Investment income
- $120,470
- Other revenue
- $328,223
- Total assets, end of year
- $29,827,685
- Total liabilities, end of year
- $14,495,774
- Net assets or fund balances, end of year
- $15,331,911
- Program services expenses (Part IX)
- $3,529,195
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,529,195
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.
-
1e · Government grants (contributions)
$1,325,605
-
1f · All other contributions, gifts and grants
$1,136,288
-
2a · Program service revenue: HOME BUYER LOANS
total $582,474 · related or exempt $582,474
-
3 · Investment income
total $120,470 · related or exempt $120,470
-
11a · Other revenue: INVESTMENT INCOME
total $265,860 · related or exempt $265,860
-
11b · Other revenue: OTHER INCOME
total $62,363 · related or exempt $62,363
-
11e · Other revenue, total
$328,223
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,660,633 · program services $1,660,633
-
11g · Fees: other
total $190,345 · program services $190,345
-
12 · Advertising and promotion
total $20,551 · program services $20,551
-
17 · Travel
total $21,493 · program services $21,493
-
19 · Conferences, conventions and meetings
total $22,740 · program services $22,740
-
20 · Interest
total $172,529 · program services $172,529
-
22 · Depreciation, depletion and amortization
total $64,019 · program services $64,019
-
23 · Insurance
total $8,691 · program services $8,691
-
24a · Other expenses: PROGRAM ASSISTANCE
total $777,176 · program services $777,176
-
24b · Other expenses: BAD DEBT
total $265,454 · program services $265,454
-
24c · Other expenses: FEES AND LICENSES
total $201,071 · program services $201,071
-
24d · Other expenses: OFFICE AND EQUIPMENT LE
total $78,078 · program services $78,078
-
24e · All other expenses
total $46,415 · program services $46,415
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $10,274,142 · end of year $10,220,801
-
3 · Pledges and grants receivable
beginning of year $8,426 · end of year $15,580
-
4 · Accounts receivable
beginning of year $1,485 · end of year $38,855
-
7 · Other notes and loans receivable
beginning of year $16,126,337 · end of year $16,518,882
-
9 · Prepaid expenses and deferred charges
beginning of year $43,961 · end of year $22,352
-
10a · Land, buildings and equipment: cost or other basis
$715,258
-
10b · Land, buildings and equipment: accumulated depreciation
$632,340
-
10c · Land, buildings and equipment, net
beginning of year $121,937 · end of year $82,918
-
12 · Investments: other securities
beginning of year $1,283,208 · end of year $1,442,517
-
15 · Other assets
beginning of year $1,310,933 · end of year $1,485,780
-
17 · Accounts payable and accrued expenses
beginning of year $268,547 · end of year $222,512
-
19 · Deferred revenue
beginning of year $4,700,856 · end of year $4,689,622
-
23 · Secured mortgages and notes payable
beginning of year $8,832,980 · end of year $9,583,640
-
27 · Net assets without donor restrictions
beginning of year $15,368,046 · end of year $15,331,911
Mission and programs · 2023
Mission
COOK INLET LENDING CENTER IS A NON-PROFIT LENDING ENTITY ESTABLISHED TO PROMOTE AND PROVIDE LENDING PRODUCTS AND SERVICES TO LOW-INCOME PERSONS IN THE COOK INLET REGION.
Activities or mission (Part I)
COOK INLET LENDING CENTER IS A NONPROFIT LENDING ENTITY ESTABLISHED TO PROMOTE AND PROVIDE LENDING PRODUCTS AND SERVICES TO LOW-INCOME PERSONS, PRIMARILY THOSE OF AMERICAN INDIAN/ALASKA NATIVE DESCENT.
-
HOME BUYER LOAN PROGRAM PROVIDES ASSISTANCE TO ELIGIBLE APPLICANTS AS THEY FINANCE A HOME WITHIN THE COOK INLET REGION IN THE FORM OF A MORTGAGE DOWN PAYMENT OR A SECOND MORTGAGE SECURED BY A DEED OF TRUST ON THE PROPERTY.
Expenses $3,529,195 · Revenue $1,031,167
As filed on the 2023 return.
Listed in Part VII
-
Michael BolingMICHAEL BOLING
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Debra MorrisDEBRA MORRIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert JuliussenROBERT JULIUSSEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara DonatelliBARBARA DONATELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick DukePATRICK DUKE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jewel JonesJEWEL JONES
DIRECTOR
- Total calculated
- $8,500
- From this org
- $8,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Maria TagliaventoMARIA TAGLIAVENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff TickleJEFF TICKLE
PRESIDENT
- Total calculated
- $231,694
- From this org
- $231,694
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,694
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $231,694
-
Kari CoonKARI COON
OFFICER
- Total calculated
- $125,314
- From this org
- $125,314
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COOK INLET HOUSING AUTHORITY
GOVERNMNET UNIT · PROVIDE AFFORDABLE HOUSING TO ELIGIBLE PARTICIPANTS IN THE COOK INLET REGION · AK
Directly controlled by NONE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349320795
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