Sitka Community Development Corporation

Tax-deductible

Sitka, AK501(c)(3)Since 2008HousingEIN 35-2292107

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Develop affordable housing opportunity in Sitka, alaska

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $200K a year · 56% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$263K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+370% vs prior year
Spent
$306K
To programs
74%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$1.0M
FY2025▲ +370%
Revenue by fiscal year
FY2020$130K
FY2021$99K
FY2022$461K
FY2023$205K
FY2024$223K
FY2025$1.0M
Expenses
$306K
FY2025▼ -3%
Expenses by fiscal year
FY2020$75K
FY2021$71K
FY2022$84K
FY2023$110K
FY2024$317K
FY2025$306K
Net assets
$1.8M
FY2025▲ +69%
Net assets by fiscal year
FY2020$674K
FY2021$701K
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.8M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $227K Management & general 26% · $79K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary /
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Memebe
$0Pt VII · Sec A
Baord Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Sitka Community Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable homes for Sitka, Alaska residents.

Provided by the organization

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1 program · $227K · in their own filed words · FY2025
01

Facilitating the development and construction of affordable housing in sitka, alaska

$227Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$933K
Fees for servicesLn 2g$78K
Investment incomeLn 3$36K
Money outPt IX
$306K
Ln 25
Programscol B$227K
Managementcol C$79K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$2.1M
LiabilitiesLn 26$263K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$933K
Government grantsLn 1e$898K
Fees for servicesLn 2g$78K
Investment incomeLn 3$36K
Gains on assetsLn 7$36K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$326K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$327K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$708K
Total assetsLn 16$2.1M
LiabilitiesLn 26$263K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$54K$327K
Land, buildings, equipmentLn 10c$1.0M$1.0M
Total assetsLn 16$1.3M$2.1M
LiabilitiesLn 26$227K$263K
Net assetsLn 32$1.1M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$42K
Other salaries and wagesLn 7$62K$62K
Other employee benefitsLn 9$34$34
Payroll taxesLn 10$9K$5K$4K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$128$128
Office expensesLn 13$9K$9K
OccupancyLn 16$113K$113K
TravelLn 17$8K$8K
InterestLn 20$19K$19K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$306K$227K$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$306K$740K$1.8M 990 PDF
FY2024 $223K$317K−$94K$1.1M 990 PDF
FY2023 $205K$110K$95K$1.2M 990 PDF
FY2022 $461K$84K$377K$1.1M 990 PDF
FY2021 $99K$71K$28K$701K 990 PDF
FY2020 $130K$75K$55K$674K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,046,405 across 7 lines filed
VIII-1e Government grants$898,044
VIII-1f All other contributions, gifts and grants$34,569
VIII-1h Total contributions, gifts and grants$932,613
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,530$77,530
VIII-3 Investment incomeExcluded from tax $2$2
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,260$36,260
VIII-12 Total revenueRelated to mission $113,790 · Excluded from tax $2$1,046,405
Part IX · Statement of functional expenses $306,142 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $42,000$42,000
IX-7 Other salaries and wagesPrograms $61,512$61,512
IX-9 Other employee benefitsPrograms $34$34
IX-10 Payroll taxesPrograms $5,174 · Management $3,780$8,954
IX-11b Legal feesPrograms $2,408$2,408
IX-11c Accounting feesManagement $23,930$23,930
IX-11g Other fees for servicesPrograms $128$128
IX-13 Office expensesManagement $9,270$9,270
IX-16 OccupancyPrograms $113,110$113,110
IX-17 TravelPrograms $8,200$8,200
IX-20 InterestPrograms $18,842$18,842
IX-23 InsurancePrograms $15,732$15,732
IX-24 Other expenses (24a–d)Programs $2,022$2,022
IX-25 Total functional expensesPrograms $227,162 · Management $78,980 · Fundraising $0$306,142
Part X · Balance sheet $2,083,580 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $47,939$325,762
X-2 Savings and temporary cash investmentsStart of year $6,433$1,435
X-4 Accounts receivableStart of year $2,092$7,888
X-10c Land, buildings and equipment, netStart of year $1,040,622$1,040,622
X-15 Other assetsStart of year $207,350$707,873
X-16 Total assetsStart of year $1,307,494$2,083,580
X-17 Accounts payable and accrued expensesStart of year $547$51,415
X-25 Other liabilitiesStart of year $7,132$10,435
X-26 Total liabilitiesStart of year $227,403$263,226
X-27 Net assets without donor restrictionsStart of year $1,080,091$1,820,354
X-32 Total net assets or fund balancesStart of year $1,080,091$1,820,354
X-33 Total liabilities and net assetsStart of year $1,307,494$2,083,580
Part XI · Reconciliation of net assets $1,820,354 net assets at year end
XI-1 Total revenue$1,046,405
XI-2 Total expenses$306,142
XI-3 Revenue less expenses$740,263
XI-4 Net assets at start of year$1,080,091
XI-10 Net assets at end of year$1,820,354

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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