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Avcp Development Corporation FY2021 filing

Tax-deductible

Bethel, AK501(c)(3)Since 1979Housing EIN 92-0072904Revenue $351K in FY2021

On file with the IRSPo Box 767, 99559-0767 · Bethel, AKTax-exempt since Sep 1979Publicly supported charity — 170(b)(1)(A)(vi)

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The primary mission of Avcp Development corp is to provide low-cost housing for the elderly.

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

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FY2021 · 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
4 of 6
filings with a surplus
Average surplus $48K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 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
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$447K
113% of total assets
Concern: liabilities are 113% 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
$351K
-41% vs prior year
Spent
$295K
To programs
100%
Net assets
−$52K
By yearFY2020–FY2025
Revenue
$351K
FY2021▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$594K
FY2021$351K
FY2022$395K
FY2023$372K
FY2024$402K
FY2025$489K
Expenses
$295K
FY2021▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$600K
FY2021$295K
FY2022$339K
FY2023$339K
FY2024$407K
FY2025$332K
Net assets
−$52K
FY2021▲ +68%
Tap a bar for its year
Net assets by fiscal year
FY2020−$161K
FY2021−$52K
FY2022$4K
FY2023$37K
FY2024$32K
FY2025$188K

From the FY2021 Form 990 (year ending September 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 Sep 1979.

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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Robert Nick
Chairman
$0Pt VII · Sec A
Timothy Kaganak
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Moses White
Treasurer
$0Pt VII · Sec A
Ron Alstrom
Sergeant at Arms
$0Pt VII · Sec A
See Avcp 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

Provides affordable housing for seniors with limited incomes.

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Provided by the organization

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

Avcp development corporation provides low-cost housing for the elderly.

$295Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$351K
Ln 12
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$121K
Investment incomeLn 3$8
Money outPt IX
$295K
Ln 25
Programscol B$295K
Owns and owesPt X
−$52K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$395K
LiabilitiesLn 26$447K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Government grantsLn 1e$230K
Fees for servicesLn 2g$121K
Investment incomeLn 3$8
Total revenueLn 12$351K
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$257K
Total assetsLn 16$395K
LiabilitiesLn 26$447K
Net assetsLn 32−$52K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$725K$129K
Land, buildings, equipmentLn 10c$996K$257K
Total assetsLn 16$1.8M$395K
LiabilitiesLn 26$1.9M$447K
Net assetsLn 32−$161K−$52K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$85K$85K
Management feesLn 11a$22K$22K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$5K$5K
Information technologyLn 14$851$851
OccupancyLn 16$124K$124K
Conferences, conventions and meetingsLn 19$115$115
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$295K$295K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $489K$332K$156K$188K 990 PDF
FY2024 $402K$407K−$5K$32K 990 PDF
FY2023 $372K$339K$33K$37K 990 PDF
FY2022 $395K$339K$55K$4K 990 PDF
FY2021 Viewing $351K$295K$55K−$52K 990 PDF
FY2020 $594K$600K−$6K−$161K 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 FY2021 990 (6 parts)
Part I · Summary $350,545 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $375,323$229,845
I-9 Program service revenuePrior year $171,485$120,692
I-10 Investment incomePrior year $46,533$8
I-11 Other revenuePrior year $558$0
I-12 Total revenuePrior year $593,899$350,545
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $116,483$84,967
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $483,622$210,201
I-18 Total expensesPrior year $600,105$295,168
I-19 Revenue less expensesPrior year −$6,206$55,377
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 $350,545 across 5 lines filed
VIII-1e Government grants$229,845
VIII-1h Total contributions, gifts and grants$229,845
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,692$120,692
VIII-3 Investment incomeRelated to mission $8$8
VIII-12 Total revenueRelated to mission $120,700 · Unrelated business $0 · Excluded from tax $0$350,545
Part IX · Statement of functional expenses $295,168 across 12 lines filed
IX-7 Other salaries and wagesPrograms $84,967$84,967
IX-11a Management feesPrograms $21,856$21,856
IX-11c Accounting feesPrograms $10,000$10,000
IX-11g Other fees for servicesPrograms $3,863$3,863
IX-12 Advertising and promotionPrograms $4,860$4,860
IX-14 Information technologyPrograms $851$851
IX-16 OccupancyPrograms $123,953$123,953
IX-19 Conferences, conventions and meetingsPrograms $115$115
IX-20 InterestPrograms $4,009$4,009
IX-22 Depreciation, depletion and amortizationPrograms $9,508$9,508
IX-23 InsurancePrograms $23,338$23,338
IX-24 Other expenses (24a–d)Programs $7,848$7,848
IX-25 Total functional expensesPrograms $295,168 · Management $0 · Fundraising $0$295,168
Part X · Balance sheet $395,018 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $271,384$67,233
X-2 Savings and temporary cash investmentsStart of year $453,688$61,338
X-4 Accounts receivableStart of year $40,938$9,856
X-10c Land, buildings and equipment, netStart of year $995,783$256,591
X-16 Total assetsStart of year $1,761,793$395,018
X-19 Deferred revenueStart of year $6,933$6,853
X-25 Other liabilitiesStart of year $46,756$34,937
X-26 Total liabilitiesStart of year $1,922,340$446,699
X-27 Net assets without donor restrictionsStart of year −$160,547−$51,681
X-32 Total net assets or fund balancesStart of year −$160,547−$51,681
X-33 Total liabilities and net assetsStart of year $1,761,793$395,018
Part XI · Reconciliation of net assets −$51,681 net assets at year end
XI-1 Total revenue$350,545
XI-2 Total expenses$295,168
XI-3 Revenue less expenses$55,377
XI-4 Net assets at start of year−$160,547
XI-9 Other changes in net assets$53,489
XI-10 Net assets at end of year−$51,681

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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