Alaska Housing Development Corporation (EIN 237121924) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

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

ALASKA HOUSING DEVELOPMENT CORPORATION OPERATES AFFORDABLE APARTMENTS TO PROVIDE AFFORDABLE HOUSING TO LOW/ MEDIUM/MODERATE INCOME FAMILIES AND THE ELDERLY.

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$171,206

Total Directors

Key Employees

Highest Compensated

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

Alaska Housing Development Corporation