Develop affordable housing opportunity in Sitka, alaska

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.2 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
$950
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130K
Spent
$75K
To programs
100%
Net assets
$674K
By yearFY2020–FY2025
Revenue
$130K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$130K
FY2021$99K
FY2022$461K
FY2023$205K
FY2024$223K
FY2025$1.0M
Expenses
$75K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$71K
FY2022$84K
FY2023$110K
FY2024$317K
FY2025$306K
Net assets
$674K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$674K
FY2021$701K
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.8M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $75K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 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 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.

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Provided by the organization

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1 program · $75K · in their own filed words · FY2020
01

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

$75Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$130K
Ln 12
Gifts and grantsLn 1h$80K
Fees for servicesLn 2g$26K
Investment incomeLn 3$24K
Money outPt IX
$75K
Ln 25
Programscol B$75K
Owns and owesPt X
$674K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$675K
LiabilitiesLn 26$950
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Government grantsLn 1e$24K
Fees for servicesLn 2g$26K
Investment incomeLn 3$24K
Gains on assetsLn 7$24K
Total revenueLn 12$130K
Assets in detailPt X, end of year
CashLn 1$39K
SavingsLn 2$100
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$636K
Total assetsLn 16$675K
LiabilitiesLn 26$950
Net assetsLn 32$674K
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 FY20End FY20
Cash and savingsLn 1–2$5K$39K
Land, buildings, equipmentLn 10c$667K$636K
Total assetsLn 16$672K$675K
LiabilitiesLn 26$53K$950
Net assetsLn 32$619K$674K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$49K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$5K$5K
TravelLn 17$154$154
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$166$166
Total functional expensesLn 25$75K$75K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $130K$75K$55K$674K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $129,963 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,853$80,460
I-9 Program service revenuePrior year $125$25,503
I-10 Investment income$24,000
I-11 Other revenue$0
I-12 Total revenuePrior year $102,978$129,963
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,155$53,082
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $26,547$21,600
I-18 Total expensesPrior year $79,702$74,682
I-19 Revenue less expensesPrior year $23,276$55,281
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $129,963 across 6 lines filed
VIII-1e Government grants$23,753
VIII-1f All other contributions, gifts and grants$56,707
VIII-1h Total contributions, gifts and grants$80,460
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,503$25,503
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,000$24,000
VIII-12 Total revenueRelated to mission $49,503$129,963
Part IX · Statement of functional expenses $74,682 across 9 lines filed
IX-7 Other salaries and wagesPrograms $48,701$48,701
IX-10 Payroll taxesPrograms $4,381$4,381
IX-11b Legal feesPrograms $6,033$6,033
IX-11c Accounting feesPrograms $1,878$1,878
IX-11g Other fees for servicesPrograms $5,895$5,895
IX-13 Office expensesPrograms $5,479$5,479
IX-17 TravelPrograms $154$154
IX-23 InsurancePrograms $1,995$1,995
IX-24 Other expenses (24a–d)Programs $166$166
IX-25 Total functional expensesPrograms $74,682 · Management $0 · Fundraising $0$74,682
Part X · Balance sheet $674,874 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,184$38,600
X-2 Savings and temporary cash investmentsStart of year $100$100
X-9 Prepaid expenses and deferred chargesStart of year $25$25
X-10c Land, buildings and equipment, netStart of year $666,678$636,149
X-16 Total assetsStart of year $671,987$674,874
X-17 Accounts payable and accrued expensesStart of year $126$950
X-26 Total liabilitiesStart of year $53,344$950
X-27 Net assets without donor restrictionsStart of year $618,643$673,924
X-32 Total net assets or fund balancesStart of year $618,643$673,924
X-33 Total liabilities and net assetsStart of year $671,987$674,874
Part XI · Reconciliation of net assets $673,924 net assets at year end
XI-1 Total revenue$129,963
XI-2 Total expenses$74,682
XI-3 Revenue less expenses$55,281
XI-4 Net assets at start of year$618,643
XI-10 Net assets at end of year$673,924

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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