Skip to content
Nonprofiteer
← JUNEAU HOUSING TRUST INC

Form 990 for tax year 2023

Filed by JUNEAU HOUSING TRUST INC.

Totals

Total revenue
$25,277
Total expenses
$30,320
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,277
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,139,189
Total liabilities, end of year
$189,105
Net assets or fund balances, end of year
$950,084
Program services expenses (Part IX)
$27,261
Management and general expenses
$3,059
Fundraising expenses
$0
Program service expenses (Part III)
$27,261

Program services were 89.9% 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: PROPERTY MAINTENANCE FEES

    total $25,277 · related or exempt $25,277

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,599 · management and general $1,599

  • 13 · Office expenses

    total $486 · management and general $486

  • 16 · Occupancy

    total $27,261 · program services $27,261

  • 23 · Insurance

    total $974 · management and general $974

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,748 · end of year $44,062

  • 9 · Prepaid expenses and deferred charges

    end of year $6,397

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

    $1,088,730

  • 10c · Land, buildings and equipment, net

    beginning of year $1,066,203 · end of year $1,088,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,405 · end of year $686

  • 23 · Secured mortgages and notes payable

    beginning of year $141,429 · end of year $45,429

  • 25 · Other liabilities

    beginning of year $46,990 · end of year $142,990

  • 27 · Net assets without donor restrictions

    beginning of year $955,127 · end of year $950,084

Mission and programs · 2023

Mission

THE PURPOSE OF THE CORPORATION SHALL BE, AS A COMMUNITY LAND TRUST, TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THE RESIDENTS ON A LONG-TERM BASIS, TO PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING AND TO PROMOTE THE DEVELOPMENT, REHABILITATION, AND MAINTENANCE OF DECENT HOUSING FOR LOW-INCOME JUNEAU RESIDENTS.

Activities or mission (Part I)

DEVELOP OPPORTUNITIES FOR AFFORDABLE HOMEOWNERSHIP IN JUNEAU.

  • THE SECOND PHASE OF THE NSP GRANT IS TO UTILIZE THE "PROGRAM INCOME", THE FUNDS REALIZED BACK INTO THE JUNEAU HOUSING TRUST AFTER THE RESALE OF THE TWO HOMES TO THE LOW INCOME HOMEBUYERS. THIS PHASE WAS TO PURCHASE UNIMPROVED BUILDING LOTS AND CONTRACT WITH THE LOCAL SCHOOL DISTRICT TO HAVE THEM CONSTRUCT SMALL ENERGY EFFICIENT HOMES WITH THE HIGH SCHOOL CONSTRUCTION CLASS AND THE LOCAL UNIVERSITY OF ALASKA THESE HOMES WILL THEN BE SOLD TO PROGRAM AND INCOME QUALIFIED HOMEBUYERS.

    Expenses $24,987 · Revenue $25,277

  • THE JUNEAU HOUSING TRUST SETS THE RESALE PRICE OF ANY HOME IN THE COMMUNITY LAND TRUST, ENSURING ITS AFFORDABILITY FOR EACH SUCCESSIVE HOME BUYER UNDER ITS RESALE FORMULA, THE HOMEOWNER, WHEN THE HOME IS SOLD, RECEIVES ALL THE MONEY OR EQUITY THEY HAVE PAID OFF THE HOME MORTGAGE, PLUS 25% OF THE APPRECIATED VALUE OF THE HOME. PUT ANOTHER WAY, THE SELLER RECEIVES 25% OF THE DIFFERENCE IN APPRECIATION OF THE HOME.

    Expenses $2,274

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Sorensen

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    2

  • Tamara Rowcroft

    BOARD VP/TRE

    Total calculated
    $134,837
    From this org
    $0
    From related orgs
    $134,837
    Other
    $0
    Hours/week
    5 + 37.5 related

  • Mary Bernadette Blankenship

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Minerva Carandang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.0
Source object
202413139349304296

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.