Alaska Community Development Corporation

EIN: 920073911 501(c)(3) Community Improvement

Palmer, AK

Total Revenue
$4,116,530
Total Expenses
$4,088,581
Total Assets
$1,234,550
Net Assets
$238,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
AK
Principal Officer
Curt Christiansen
Phone
9077465680
Tax Period
2024-07-01 to 2025-06-30

Alaska Community Development Corporation, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To assist low income individuals and families with housing and housing improvements in Alaska.

Program Service Accomplishments

Program 1
Expenses: $2,531,154

Weatherization:ACDC provides weatherization assistance in the copper River Basin, Kenai Peninsula Borough, Kodiak Island Borough, Lake and Peninsula Borough, Mat- Su Borough, many Southeast Alaska...

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Weatherization:ACDC provides weatherization assistance in the copper River Basin, Kenai Peninsula Borough, Kodiak Island Borough, Lake and Peninsula Borough, Mat- Su Borough, many Southeast Alaska communities, the Taylor Highway System, and the Tok area. The weatherization program provides home weatherization for low-to-moderate-income households who own or rent eligible homes: apartments, cabins, condominiums, houses, mobile homes, and multi-family dwellings (duplexes and larger) in order to bring homes up to safe, healthy, and energy-efficient standards.

Program 2
Expenses: $965,130

Housing Rehabilitation:ACDC administers two different groups under this program. The first is for individuals who have a disability. This program serves in the Kenai Peninsula and Mat-Su Borough and...

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Housing Rehabilitation:ACDC administers two different groups under this program. The first is for individuals who have a disability. This program serves in the Kenai Peninsula and Mat-Su Borough and improves accessibility to existing homes to mitigate daily functional limitations. The second provides modifications to improve accessibility for seniors (55 years of age or older) currently in need of such modifications in the municipality of Anchorage, Mat-Su Borough, Kenai Peninsula Borough, Copper River Basin, City of Kodiak, and Tok area.

Program 3
Expenses: $416,690

Housing Assistance & General Administrative:ACDC's housing assistance program promotes homeownership for low-income households in Kenai Peninsula, the mat-Su Borough, Glennallen, Valdez, Cordova...

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Housing Assistance & General Administrative:ACDC's housing assistance program promotes homeownership for low-income households in Kenai Peninsula, the mat-Su Borough, Glennallen, Valdez, Cordova, Juneau, Haines, Ketchikan, Petersburg, Wrangell, Sitka and kodiak. Additionally, under this program, ACDC purchases lands, develops, and constructs new homes in an existing subdivision. Also includes general administration.

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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 $4,101,442
Program Service Revenue $11,113
Investment Income $2,993
Other Revenue $982
TOTAL REVENUE $4,116,530

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,328,268
Fundraising Expenses $0
Program Expenses $4,101,660
Other Expenses $2,760,313
TOTAL EXPENSES $4,088,581

Year-over-Year Comparison

2024 2023 Change
Revenue $4,116,530 $3,322,006 +0.2%
Expenses $4,088,581 $3,286,884 +0.2%
Net Income $27,949 $35,122 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
13
Volunteers
5

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
$297,368
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick Shiflea Associate Direc 40.00
Officer
$113,776 $42,335 $156,111
Curt Christiansen Executive Dir. 40.00
Officer
$101,980 $39,277 $141,257
Patrick Ian Sharrock Inspector 40.00
$82,320 $54,045 $136,365
Stacy Flora Program Manager 40.00
$82,760 $40,784 $123,544
Pete Byrne Construction Super 40.00
$88,400 $32,915 $121,315
Jared Lindman Board Chair 0.25
Officer Director
$0 $0 $0
Peter Barber Vice-Chair 0.25
Officer Director
$0 $0 $0
Eric Anderson Sec/Treasurer 0.25
Officer Director
$0 $0 $0
Paul Beer Board Member 0.25
Director
$0 $0 $0
Joseph Moran Board Member 0.25
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 $4,116,530 $4,088,581 $1,234,550 $27,949
2024 $3,322,006 $3,286,884 $939,194 $35,122
2023 $3,112,743 $3,164,963 $940,488 $-52,220
2022 $3,057,741 $2,912,660 $768,492 $145,081
2021 $2,874,631 $2,887,443 $841,252 $-12,812
2020 $3,614,994 $3,809,194 $1,080,304 $-194,200
2019 $3,864,504 $3,814,632 $875,072 $49,872
2018 $3,581,178 $3,598,045 $869,568 $-16,867
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