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← NeighborWorks Alaska HomeOwnership

Form 990 for tax year 2023

Filed by NeighborWorks Alaska HomeOwnership.

Totals

Total revenue
$85,862
Total expenses
$145,895
Contributions and grants received
$4,601
Grants paid
$0
Program service revenue
$81,261
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$108,895
Management and general expenses
$37,000
Fundraising expenses
$0
Program service expenses (Part III)
$108,895

Program services were 74.6% 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.

  • 1d · Related organizations

    $4,576

  • 1f · All other contributions, gifts and grants

    $25

  • 2a · Program service revenue: Fee income

    total $10,715 · related or exempt $10,715

  • 2b · Program service revenue: Loan interest

    total $70,546 · related or exempt $70,546

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $36 · program services $36

  • 11a · Fees: management

    total $37,000 · management and general $37,000

  • 11b · Fees: legal

    total $1,425 · program services $1,425

  • 11c · Fees: accounting

    total $1,000 · program services $1,000

  • 11g · Fees: other

    total $79,449 · program services $79,449

  • 13 · Office expenses

    total $1,226 · program services $1,226

  • 17 · Travel

    total $538 · program services $538

  • 20 · Interest

    total $18,521 · program services $18,521

  • 23 · Insurance

    total $1,313 · program services $1,313

  • 24a · Other expenses: Lending Fees

    total $611 · program services $611

  • 24b · Other expenses: Bank Fees

    total $1,000 · program services $1,000

  • 24c · Other expenses: Servicing Expense

    total $3,776 · program services $3,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $857,627

  • 4 · Accounts receivable

    beginning of year $17,689

  • 7 · Other notes and loans receivable

    beginning of year $2,239,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,642

  • 19 · Deferred revenue

    beginning of year $53,700

  • 23 · Secured mortgages and notes payable

    beginning of year $830,060

  • 27 · Net assets without donor restrictions

    beginning of year $2,217,222

Mission and programs · 2023

Mission

Dedicated to improving the quality of life for families and individuals by preserving homes, creating new housing opportunties and strengthening neighborhoods through lending activities.

  • Improving the quality of life in Alaska by providing mortgages and housing rehabilitation loans to targeted low and medium income populations, neighborhoods, and communities within Alaska.

    Expenses $108,895 · Revenue $81,261

As filed on the 2023 return.

Listed in Part VII

  • Tasha Hotch

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Owen Carey

    Vice PresidentTreasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Syl Fowlis

    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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $3,114,624. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
18 June 2024
IRS schema version
2023v5.1
Source object
202431729349300928

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