Alaska Corporation for Affordable Housing

EIN: 460942043 501(c)(3) Housing & Shelter

Anchorage, AK

Total Revenue
$13,904,288
Total Expenses
$9,037,022
Total Assets
$43,540,748
Net Assets
$37,934,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AK
Principal Officer
Bryan Butcher
Phone
9073308416
Tax Period
2024-07-01 to 2025-06-30

Alaska Corporation for Affordable Housing, founded in 2012, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2024. Revenue surged 480% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 35% operating margin.

Mission

The corporation's mission is to undertake the types of affordable housing and services that are not open to Alaska Housing directly, but support Alaska Housing's mission of providing affordable housing and services to individuals and groups in need.

Program Service Accomplishments

Program 1
Expenses: $8,955,454 Revenue: $732,605

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...

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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.

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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 $8,254,329
Program Service Revenue $732,605
Investment Income $244,885
Other Revenue $4,672,469
TOTAL REVENUE $13,904,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $244,294
Fundraising Expenses $0
Program Expenses $8,955,454
Other Expenses $8,792,728
TOTAL EXPENSES $9,037,022

Year-over-Year Comparison

2024 2023 Change
Revenue $13,904,288 $2,395,702 +4.8%
Expenses $9,037,022 $7,548,236 +0.2%
Net Income $4,867,266 $-5,152,534 -1.9%
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
9
Independent Members
9
Employees
N/A
Volunteers
11

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
5
$1,180,135
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brent Levalley Chair Officer 1.00
Officer Director
$0 $0 $0
Jess Hall Vice Chair 1.00
Officer Director
$0 $0 $0
Allen Hippler Director 1.00
Director
$0 $0 $0
David Pruhs Director 1.00
Director
$0 $0 $0
Fadil Limani Director 1.00
Director
$0 $0 $0
Heidi Hedberg Director 1.00
Director
$0 $0 $0
Julie Sande Director 1.00
Director
$0 $0 $0
Sandra Moller Director 1.00
Director
$0 $0 $0
Janelle Earls Director 1.00
Director
$0 $0 $0
Adam Crum Director (Left Mid Year) 1.00
Director
$0 $0 $0
Bryan Butcher President 1.00
Officer
$0 $138,795 $520,724
Catherine Stone Vice President 1.00
Officer
$0 $101,118 $330,486
Vasilios Gialopsos Vice President 1.00
Officer
$0 $91,783 $328,925
Chelsea Smith Director of Operations 40.00
Highest
$0 $44,125 $157,470
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 $13,904,288 $9,037,022 $43,540,748 $4,867,266
2024 $2,395,702 $7,548,236 $37,903,464 $-5,152,534
2023 $13,889,658 $205,455 $43,840,762 $13,684,203
2022 $485,131 $654,097 $29,559,235 $-168,966
2021 $1,005,655 $433,884 $28,659,432 $571,771
2020 $2,084,595 $244,254 $28,094,385 $1,840,341
2019 $479,737 $304,978 $26,283,964 $174,759
2018 $474,658 $287,432 $26,107,750 $187,226
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