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Nonprofiteer
← NeighborWorks Alaska HomeOwnership

Form 990 for tax year 2022

Filed by NeighborWorks Alaska HomeOwnership.

Totals

Total revenue
$677,285
Total expenses
$583,657
Contributions and grants received
$521,636
Grants paid
$0
Program service revenue
$155,619
Investment income
$30
Other revenue
$0
Total assets, end of year
$3,114,624
Total liabilities, end of year
$897,402
Net assets or fund balances, end of year
$2,217,222
Program services expenses (Part IX)
$483,657
Management and general expenses
$100,000
Fundraising expenses
$0
Program service expenses (Part III)
$483,657

Program services were 82.9% 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.

  • 1d · Related organizations

    $277,094

  • 1f · All other contributions, gifts and grants

    $244,542

  • 2a · Program service revenue: Fee income

    total $45,313 · related or exempt $45,313

  • 2b · Program service revenue: Loan interest

    total $110,306 · related or exempt $110,306

  • 3 · Investment income

    total $30 · excluded $30

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,866 · program services $95,866

  • 8 · Pension plan contributions

    total $3,690 · program services $3,690

  • 9 · Other employee benefits

    total $3,867 · program services $3,867

  • 10 · Payroll taxes

    total $9,761 · program services $9,761

  • 11a · Fees: management

    total $100,000 · management and general $100,000

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $99,896 · program services $99,896

  • 12 · Advertising and promotion

    total $5,794 · program services $5,794

  • 13 · Office expenses

    total $8,619 · program services $8,619

  • 16 · Occupancy

    total $240 · program services $240

  • 17 · Travel

    total $470 · program services $470

  • 20 · Interest

    total $26,805 · program services $26,805

  • 24a · Other expenses: Lending Fees

    total $740 · program services $740

  • 24b · Other expenses: Bank Fees

    total $1,849 · program services $1,849

  • 24c · Other expenses: Servicing Expense

    total $5,860 · program services $5,860

  • 24d · Other expenses: Grant Expenses

    total $218,220 · program services $218,220

  • 24e · All other expenses

    total $980 · program services $980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,690 · end of year $857,627

  • 4 · Accounts receivable

    beginning of year $16,286 · end of year $17,689

  • 7 · Other notes and loans receivable

    beginning of year $2,191,265 · end of year $2,239,308

  • 15 · Other assets

    beginning of year $158

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,595 · end of year $13,642

  • 19 · Deferred revenue

    beginning of year $54,000 · end of year $53,700

  • 23 · Secured mortgages and notes payable

    beginning of year $987,210 · end of year $830,060

  • 27 · Net assets without donor restrictions

    beginning of year $2,123,594 · end of year $2,217,222

Mission and programs · 2022

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 $483,657 · Revenue $155,619

As filed on the 2022 return.

Listed in Part VII

  • Calvin Cockroft

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321399349300822

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