Alaska Housing Development Corporation

EIN: 237121924

Juneau, AK

Total Revenue
$2,449,701
Total Expenses
$2,125,714
Total Assets
$4,109,594
Net Assets
$2,503,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AK
Principal Officer
Tamara Rowcroft
Phone
9077806666
Tax Period
2024-05-01 to 2025-04-30

Alaska Housing Development Corporation, founded in 1988, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 13% surplus.

Mission

TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING OPPORTUNITIES TO RESIDENTS OF JUNEAU, ALASKA.

Program Service Accomplishments

Program 1
Expenses: $1,927,169 Revenue: $2,104,827

THE ORGANIZATIONS EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO PERSONS WITH LOW TO MODERATE INCOMES.

Program 2
Expenses: $1,462

HOUSING ASSISTANCE PROGRAM - GRANT PASS-THROUGH FROM GASTINEAU HUMAN SERVICES TO PROVIDE FUNDS FOR SECURITY DEPOSITS AND EVICTION PREVENTION TO LOW-INCOME HOUSEHOLDS IN JUNEAU.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $76,742
Program Service Revenue $2,059,531
Investment Income $22,844
Other Revenue $290,584
TOTAL REVENUE $2,449,701

Expense Breakdown

Grants Paid $0
Salaries & Benefits $653,791
Fundraising Expenses $0
Program Expenses $1,928,631
Other Expenses $1,471,923
TOTAL EXPENSES $2,125,714

Year-over-Year Comparison

2024 2023 Change
Revenue $2,449,701 $2,000,667 +0.2%
Expenses $2,125,714 $2,234,564 0.0%
Net Income $323,987 $-233,897 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
13
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$171,206
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tamara Rowcroft Executive Director 37.5
Officer
$139,192 $32,014 $171,206
Shari Partin Grants Program Coordinator 37.5
Highest
$101,483 $23,525 $125,008
Stephen Sorensen President 0.5
Officer Director
$0 $0 $0
Minerva Mac Carandang Vice President 0.5
Officer Director
$0 $0 $0
Mary Bernadette Blankenship Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
Juli Leder Member 0.5
Director
$0 $0 $0
Lisa Bogert Member 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,449,701 $2,125,714 $4,109,594 $323,987
2024 $2,000,667 $2,234,564 $3,915,932 $-233,897
2023 $1,969,347 $2,041,177 $4,081,577 $-71,830
2022 $1,940,857 $1,942,377 $4,317,973 $-1,520
2021 $2,072,272 $1,780,534 $4,368,393 $291,738
2020 $1,976,654 $1,743,482 $4,354,252 $233,172
2019 $1,889,194 $1,758,245 $4,178,859 $130,949
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