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Nonprofiteer
← ACLT P1

Form 990 for tax year 2022

Filed by ACLT P1.

Totals

Total revenue
$383,793
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$87
Other revenue
$383,706
Total assets, end of year
$5,827,848
Total liabilities, end of year
$1,244,938
Net assets or fund balances, end of year
$4,582,910
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $87 · excluded $87

  • 6a · Gross rents

    real property $965,146

  • 6b · Less rental expenses

    real property $581,440

  • 6c · Rental income or loss

    real property $383,706

  • 6d · Net rental income or loss

    total $383,706 · excluded $383,706

  • 11a · Other revenue: Miscellaneous

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,047,899 · end of year $1,268,952

  • 2 · Savings and temporary cash investments

    beginning of year $326,937 · end of year $356,531

  • 4 · Accounts receivable

    end of year $2,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,243 · end of year $9,960

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

    $9,898,520

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

    $5,708,133

  • 10c · Land, buildings and equipment, net

    beginning of year $4,453,779 · end of year $4,190,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,786 · end of year $43,655

  • 23 · Secured mortgages and notes payable

    beginning of year $977,000 · end of year $977,000

  • 25 · Other liabilities

    beginning of year $234,708 · end of year $224,283

  • 27 · Net assets without donor restrictions

    beginning of year $4,570,364 · end of year $4,582,910

Mission and programs · 2022

Mission

Hold Title to the property at 161 Klevin Street, formerly owned by ACLT Properties 1, LLC, wholly owned by the Anchorage Community Land Trust

  • The Corporation is required to collect income from its rental property and to turn over the entire income, less expenses, to the Anchorage Community Land Trust or other Organization(s) exempt under 501(a); expenses include maintenance, debt service, reserves, and other expenses proper for a Corporation holding title to real property.

As filed on the 2022 return.

Listed in Part VII

  • Barry Evans

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lori McCaffrey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • LeeAnn Garrick

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Judith Crotty

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Bittner

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lucy Hansen

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Pam Kauvieyakul

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Gary Scott

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Katie Kavanaugh

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Halpin

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Kirk Rose

    CEO

    Total calculated
    $0
    Hours/week
    1 + 40 related

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313199349328251

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