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Connolly Square Incorporated FY2020 filing

Tax-deductible

Anchorage, AK501(c)(3)HousingEIN 45-1547056Revenue $192K in FY2020

On file with the IRSnwalaska.org2515 a St, 99503-2709 · Anchorage, AKTax-exempt since Apr 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Provide affordable housing to elderly persons in the Anchorage, Alaska area.

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
0 of 6
filings with a surplus
Average deficit $116K a year · 58% of revenue · last 6 filings
Concern: a surplus in 0 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
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.5M
109% of total assets
Concern: liabilities are 109% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
Spent
$295K
To programs
100%
Net assets
−$374K
By yearFY2020–FY2025
Revenue
$192K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2021$190K
FY2022$196K
FY2023$198K
FY2024$200K
FY2025$217K
Expenses
$295K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$302K
FY2022$293K
FY2023$325K
FY2024$344K
FY2025$331K
Net assets
−$374K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$374K
FY2021−$485K
FY2022−$576K
FY2023−$702K
FY2024−$846K
FY2025−$961K

From the FY2020 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 Apr 2011.

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% · $295K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Bill Gee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike McCormack
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim F Fredrick
Secretarytreasurer
$0Pt VII · Sec A
See Connolly Square Incorporated 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

Provides affordable housing for seniors in Anchorage, Alaska.

Questions for Connolly Square Incorporated

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Provided by the organization

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1 program · $295K · in their own filed words · FY2020
01

Provide quality, affordable housing to elderly persons in Anchorage, Alaska

$295Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$192K
Ln 12
Fees for servicesLn 2g$192K
Investment incomeLn 3$122
Money outPt IX
$295K
Ln 25
Programscol B$295K
Owns and owesPt X
−$374K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$4.2M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$192K
Investment incomeLn 3$122
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Land, buildings, equipmentLn 10c$3.9M
Other assetsLn 15$189K
Total assetsLn 16$4.2M
LiabilitiesLn 26$4.5M
Net assetsLn 32−$374K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9K$24K
Land, buildings, equipmentLn 10c$4.0M$3.9M
Total assetsLn 16$4.2M$4.2M
LiabilitiesLn 26$4.5M$4.5M
Net assetsLn 32−$270K−$374K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$30$30
Accounting feesLn 11c$8K$8K
OccupancyLn 16$64K$64K
Depreciation, depletion and amortizationLn 22$124K$124K
Other expenses (24a–d)Ln 24$88K$88K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$295K$295K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $217K$331K−$115K−$961K 990 PDF
FY2024 $200K$344K−$144K−$846K 990 PDF
FY2023 $198K$325K−$127K−$702K 990 PDF
FY2022 $196K$293K−$97K−$576K 990 PDF
FY2021 $190K$302K−$111K−$485K 990 PDF
FY2020 Viewing $192K$295K−$104K−$374K 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 FY2020 990 (6 parts)
Part I · Summary $191,757 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $194,649$191,635
I-10 Investment incomePrior year $158$122
I-11 Other revenue$0
I-12 Total revenuePrior year $194,807$191,757
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $307,299$295,444
I-18 Total expensesPrior year $307,299$295,444
I-19 Revenue less expensesPrior year −$112,492−$103,687
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $191,757 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,635$191,635
VIII-3 Investment incomeExcluded from tax $122$122
VIII-12 Total revenueRelated to mission $191,635 · Unrelated business $0 · Excluded from tax $122$191,757
Part IX · Statement of functional expenses $295,444 across 6 lines filed
IX-11b Legal feesPrograms $30$30
IX-11c Accounting feesPrograms $7,500$7,500
IX-16 OccupancyPrograms $64,446$64,446
IX-22 Depreciation, depletion and amortizationPrograms $123,848$123,848
IX-24 Other expenses (24a–d)Programs $88,410$88,410
IX-24e All other expensesPrograms $11,210$11,210
IX-25 Total functional expensesPrograms $295,444 · Management $0 · Fundraising $0$295,444
Part X · Balance sheet $4,153,093 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,796$24,247
X-9 Prepaid expenses and deferred chargesStart of year $8,276$8,769
X-10c Land, buildings and equipment, netStart of year $4,042,842$3,930,615
X-15 Other assetsStart of year $187,869$189,462
X-16 Total assetsStart of year $4,248,290$4,153,093
X-17 Accounts payable and accrued expensesStart of year $7,787$24,088
X-25 Other liabilitiesStart of year $10,995$14,148
X-26 Total liabilitiesStart of year $4,518,165$4,526,655
X-27 Net assets without donor restrictionsStart of year −$403,021−$524,951
X-28 Net assets with donor restrictionsStart of year $133,146$151,389
X-32 Total net assets or fund balancesStart of year −$269,875−$373,562
X-33 Total liabilities and net assetsStart of year $4,248,290$4,153,093
Part XI · Reconciliation of net assets −$373,562 net assets at year end
XI-1 Total revenue$191,757
XI-2 Total expenses$295,444
XI-3 Revenue less expenses−$103,687
XI-4 Net assets at start of year−$269,875
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$373,562

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

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