Aclt P2

Not tax-deductible

Anchorage, AKMutual-benefit / member-servingCommunity Development EIN 83-3566954Revenue −$22K in FY2024

On file with the IRS3701 Mountain View Dr, 99508-1324 · Anchorage, AKTax-exempt since Jul 2019

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Hold Title to the property located at 4133 Mountain View Drive, 3701 Mountain View Drive, and 3709 Mountain View Drive (Altogether, The Properties formerly owned by ACLT Properties 2, LLC, wholly owned by the Anchorage Community Land Trust.

Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $37K a year · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$6K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$22K
-3% vs prior year
Spent
$0
Net assets
$766K
By yearFY2020–FY2024
Revenue
−$22K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020−$58K
FY2021−$68K
FY2022−$16K
FY2023−$22K
FY2024−$22K
Expenses
$0
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Net assets
$766K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.0M
FY2023$799K
FY2024$766K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Aclt P2 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 15aYes

Programs and updates

Owns and manages three properties on Mountain View Drive.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The Corporation is required to collect income from its rental property and to turn over the entire income, less expenses, to the Anchorage Community Land Trust or other Organization(s) exempt under 501(a); expenses include maintenance, debt service, reserves, and other expenses proper for a Corporation holding title to real property.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$22K
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$766K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$772K
LiabilitiesLn 26$6K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Total revenueLn 12−$22K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$724K
Other assetsLn 15$4K
Total assetsLn 16$772K
LiabilitiesLn 26$6K
Net assetsLn 32$766K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1K$35K
Land, buildings, equipmentLn 10c$798K$724K
Total assetsLn 16$807K$772K
LiabilitiesLn 26$8K$6K
Net assetsLn 32$799K$766K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing −$22K$0−$22K$766K 990 PDF
FY2023 −$22K$0−$22K$799K 990 PDF
FY2022 −$16K$0−$16K$1.0M 990 PDF
FY2021 −$68K$0−$68K$1.1M 990 PDF
FY2020 −$58K$0−$58K$1.1M 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 FY2024 990 (6 parts)
Part I · Summary −$22,299 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$21,753−$22,299
I-12 Total revenuePrior year −$21,753−$22,299
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 expenses$0
I-18 Total expenses$0
I-19 Revenue less expensesPrior year −$21,753−$22,299
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue −$22,299 across 3 lines filed
VIII-6 Net rental income or lossExcluded from tax −$22,299−$22,299
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$22,299−$22,299
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $772,042 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,177$35,036
X-4 Accounts receivable$4,783
X-9 Prepaid expenses and deferred chargesStart of year $3,399$3,596
X-10c Land, buildings and equipment, netStart of year $798,437$724,173
X-15 Other assetsStart of year $4,454$4,454
X-16 Total assetsStart of year $807,467$772,042
X-17 Accounts payable and accrued expensesStart of year $2,501$1,814
X-25 Other liabilitiesStart of year $5,549$4,597
X-26 Total liabilitiesStart of year $8,050$6,411
X-27 Net assets without donor restrictionsStart of year $799,417$765,631
X-32 Total net assets or fund balancesStart of year $799,417$765,631
X-33 Total liabilities and net assetsStart of year $807,467$772,042
Part XI · Reconciliation of net assets $765,631 net assets at year end
XI-1 Total revenue−$22,299
XI-2 Total expenses$0
XI-3 Revenue less expenses−$22,299
XI-4 Net assets at start of year$799,417
XI-9 Other changes in net assets−$11,487
XI-10 Net assets at end of year$765,631

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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