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Alaska Corporation for Affordable Housing

Anchorage, AK · EIN 46-0942043 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Alaska Corporation for Affordable Housing reported $13.9 million in revenue and $9.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.10 went to program services, $0.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 59.4% of the total. Government grants made up 51.7%. The highest compensation it reported for one person was $520,724 (President). Revenue rose 567% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.0M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 933 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.1%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
0.9%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
59.4%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
51.7%1.0%
Program service revenue share
Part VIII 2g ÷ 12
5.3%66.2%
Highest reported compensation
Part VII-A, columns D–F
$520,724$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.76%1.57%
People paid over $100,000
Part VII, line 2
05
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
50.410.0
Independent voting board members
Part VI 1a–1b
9 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$9.0M expenses · 100.0% of program spending · revenue $733K

A total of 106 units of affordable housing were completed in prior fiscal years. 40 units of family housing were put into operation in the current year for a total of 146 units of affordable housing in operation. Revenues and expenses are related to the development and management of the 146 units of affordable housing for low income households, as well as the development of 20 new units located in Valdez, Alaska that are expected to be ready for occupation in 2026

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 1.00 hrs/week
$0$381,929$138,795$520,724
Vice President
Officer, 1.00 hrs/week
$0$229,368$101,118$330,486
Vice President
Officer, 1.00 hrs/week
$0$237,142$91,783$328,925
Director of Operations
Highest compensated employee, 40.00 hrs/week
$0$113,345$44,125$157,470

0 people received more than $100,000 in reportable compensation from Alaska Corporation for Affordable Housing (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$14M$9.0M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$14M$9.0M99.1%$38M$520,724
FY2024 ⓘ$2.4M$7.5M99.7%$33M$466,726
FY2023 ⓘ$14M$205K93.5%$38M$444,177
FY2022 ⓘ$485K$654K98.3%$25M$411,052
FY2021 ⓘ$1.0M$434K95.6%$27M$396,157
FY2020 ⓘ$2.1M$244K90.8%$26M$390,598

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 611

Correct a figure or respond

Every number above is copied from Alaska Corporation for Affordable Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Alaska Corporation for Affordable Housing, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in Alaska

Questions people ask

How much of Alaska Corporation for Affordable Housing's spending goes to programs?

In the fiscal year ending June 30, 2025, Alaska Corporation for Affordable Housing reported that 99.1% of its $9.0 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Alaska Corporation for Affordable Housing pay its top executive?

The largest total compensation Alaska Corporation for Affordable Housing reported for one person in the fiscal year ending June 30, 2025 was $520,724, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Alaska Corporation for Affordable Housing get its money?

Of $13.9 million in revenue in the fiscal year ending June 30, 2025, 59.4% came from contributions and grants (including 51.7% from government grants) and 5.3% from program service revenue (Form 990, Part VIII).

Is Alaska Corporation for Affordable Housing a registered charity?

The IRS lists EIN 46-0942043 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349309811 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349317061 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349305228 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349318860 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349308156 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101359349302350 · read the filing

All filings for EIN 46-0942043: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.