Ivan V Fosheim House Foundation in Fairbanks, Alaska (AK)
Table of contents:
| Ivan V Fosheim House Foundation | |
| Employer Identification Number (EIN) | 920165509 |
| Name of Organization | Ivan V Fosheim House Foundation |
| Address | 805 Airport Way, Fairbanks, AK 99701-6039 |
| Subsection | Charitable Organization |
| Ruling Date | 02/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $339,282 |
| Amount of Income | $61,597 |
| Form 990 Revenue Amount | $61,597 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $61,597 (it was $72,407 in 2013)
| This organization: | $61,597 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2014: $339,282 (it was $394,870 in 2013)
| This organization: | $339,282 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2013: $113,961
| Ivan V Fosheim House Foundation: | $113,961 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2013: 0.5
| This organization: | 0.5 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 45.2%
| This organization: | 45.2% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $67,327 | $72,407 |
| Contributions, gifts, grants, and similar amounts received | $29,403 | $32,694 |
| Program service revenue including government fees and contracts | $37,924 | $39,713 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $102,422 | $113,961 |
| Total net assets | $417,688 | $376,134 |
| Excess/Deficit for the year | $-35,095 | $-41,554 |
| Net assets or fund balances at beginning of year | $452,783 | $417,688 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $417,688 | $376,134 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $436,222 | $394,870 |
| Total liabilities | $18,534 | $18,736 |
| Net assets or fund balances | $417,688 | $376,134 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $105,603 |
| Subtotal Support | $105,603 |
| Gifts, grants, contributions, and membership fees received | $105,603 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $105,603 |
| Public Support | $105,603 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $188,461 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Hope Network, Group Return | PO BOX 890, Grand Rapids, MI 49518-0890 | MI | 2011-02 | $124,096,888 |
| 4 | Gmf-Pac | 65 Germantown Ct Ste 409, Cordova, TN 38018-4258 | TN | 2013-11 | $61,689,852 |
| 5 | Hometown Community Development Corporation | 8711 Monroe Court Suite A, Rancho Cucamonga, CA 91730 | CA | 1999-04 | $55,417,325 |
| 6 | Connolly Square Incorporated | 480 W Tudor Rd, Anchorage, AK 99503-6614 | AK | 2011-04 | $180,076 |
| 7 | Roosevelt Inc | 480 W Tudor Rd, Anchorage, AK 99503-6614 | AK | 2011-05 | $114,449 |
| 8 | Aasc Housing I Inc | 480 W Tudor Rd, Anchorage, AK 99503-6614 | AK | 1998-07 | $93,794 |
| 9 | Opportunity Inc | 721 Stedman St, Ketchikan, AK 99901-6632 | AK | 2008-06 | $88,837 |
| 10 | Jack & Virginia Wright Apartment Foundation | 805 Airport Way, Fairbanks, AK 99701-6039 | AK | 2000-09 | $88,414 |
| 11 | Rivers Edge Property Inc | 113 Metlakatla St, Sitka, AK 99835-7666 | AK | 2005-03 | $77,880 |
| 12 | Ivan V Fosheim House Foundation | 805 Airport Way, Fairbanks, AK 99701-6039 | AK | 1999-02 | $61,597 |
| 13 | Sitka Community Development Corporation | Po Box 6461, Sitka, AK 99835 | AK | 2008-08 | $32,501 |
| 14 | Reach For Housing Inc | 213 3rd St, Juneau, AK 99801-1220 | AK | 2008-04 | $24,318 |
| 15 | Juneau Housing Trust Inc | PO BOX 32045, Juneau, AK 99803-2045 | AK | 2000-06 | $15,633 |
| 16 | Alaska Corporation For Affordable Housing | PO BOX 101020, Anchorage, AK 99510 | AK | 2014-08 | $0 |
| 17 | Channel View Inc | 8617 Teal Street, Juneau, AK 99801 | AK | 2015-03 | $0 |
| 18 | Peer Properties Inc | 4020 Folker Street, Anchorage, AK 99508 | AK | 2002-07 | $0 |
| 19 | Stebbins Elder Housing Center Inc | Po Box 71149, Stebbins, AK 99671 | AK | 1999-08 | $0 |
| 20 | Tupiq Services Inc | PO BOX 536, Kotzebue, AK 99752-0536 | AK | 1999-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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