Alaska Corporation For Affordable Housing

Organization Overview

Alaska Corporation For Affordable Housing is located in Anchorage, AK. The organization was established in 2014. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Corporation For Affordable Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Alaska Corporation For Affordable Housing generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.1%) each year. All expenses for the organization totaled $433.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION PROVIDES HOUSING FOR LOW INCOME HOUSEHOLDS AT AFFORDABLE RENT OR OWNERSHIP COSTS, UTILIZING A WIDE RANGE OF STATE AND FEDERAL GOVERNMENT ASSISTANCE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A TOTAL OF 88 UNITS OF AFFORDABLE HOUSING WERE COMPLETED IN PRIOR FISCAL YEARS. CURRENT YEAR PROGRAM REVENUES AND EXPENSES ARE RELATED TO THE DEVELOPMENT AND MANAGEMENT OF THE 88 UNITS OF AFFORDABLE HOUSING FOR LOW INCOME HOUSEHOLDS. THE COVID-19 PANDEMIC HAD NO NOTICEABLE EFFECT ON THE OPERATIONS OF THE CORPORATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$618,465
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$618,465
Total Program Service Revenue$377,048
Investment income $10,142
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,005,655

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