2023-11-14T11:00:02-06:00 2022-12-31 910189318 MOSS ADAMS LLP 2219 RIMLAND DRIVE SUITE 215 BELLINGHAM WA 982266641 990 2022-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 2063231227 2023-11-13 1 KATHLEEN HOSFELD 999009999 1 EMINA O CRESSWELL CPA P01217304 3606761920 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHLEEN HOSFELD 412 MAYNARD AVE S 201 SEATTLE WA 98104 11092307 0 X WWW.HOMESTEADCLT.ORG X 1992 WA HOUSING JUSTICE, CLIMATE EQUITY THROUGH AFFORDABLE, SUSTAINABLE HOMEOWNERSHIP 14 14 9 46 0 0 678749 1918172 5452693 9150024 -5533 187 -11577 -7037 6114332 11061346 0 0 0 0 662574 725055 0 0 75494 5950200 10220625 6612774 10945680 -498442 115666 27329923 24071925 13344415 9970751 13985508 14101174 X HOMESTEAD CLT DEVELOPS LAND AND HOUSING IN TRUST THAT GIVES LOWER-INCOME HOUSEHOLDS THE OPPORTUNITY TO OWN A HOME THAT IS AFFORDABLE TO THEM AND REMAINS AFFORDABLE TO FUTURE OWNERS. 0 0 10709241 9150024 WITH 30 YEARS' SERVICE TO KING COUNTY, HOMESTEAD COMBINES HOUSING DEVELOPMENT WITH BUYER AND OWNER SUPPORT TO GROW AND PRESERVE AN INVENTORY OF PERMANENTLY AFFORDABLE HOMES AND SUCCESSFUL HOMEOWNERS. EVERY HOME IN TRUST IS SOLD AT AN AFFORDABLE PRICE TO AN INCOME-QUALIFIED HOUSEHOLD AND IS KEPT AFFORDABLE TO ALL FUTURE BUYERS. OUR HOMES PUT THE FINANCIAL, SOCIAL, HEALTH AND ECONOMIC MOBILITY BENEFITS OF OWNERSHIP WITHIN REACH OF THOSE SHUT OUT OF OWNERSHIP BY OUR HIGH-COST MARKET, AND/OR THE LEGACY OF SYSTEMIC HOUSING INEQUITIES. AS A RESULT, OWNERS ARE PLACED ON A PATH TO WEALTH BUILDING AND STABILITY. BY CONSTRUCTING WITH CODE-EXCEEDING ENVIRONMENTAL STANDARDS, WE CREATE HOUSING AND CLIMATE EQUITY FOR THESE LOWER-INCOME HOMEOWNERS.IN 2022, HOMESTEAD COMPLETED CONSTRUCTION ON VILLAGE GARDENS. THROUGH ENERGY EFFICIENT SYSTEMS AND ONSITE ENERGY GENERATION THROUGH SOLAR PANELS, THESE HOMES REDUCE CLIMATE IMPACTS AND LOWER OWNERS' UTILITY COSTS. NINE HOMES WERE SOLD IN 2022 AND ONE IN 2023 TO INCOME-QUALIFIED FAMILIES INCLUDING TWO WHO WERE EXPERIENCING HOMELESSNESS. THROUGH PARTNERSHIPS WITH PRIVATE DONORS AND PUBLIC AGENCIES, HOMESTEAD IDENTIFIED A PIPELINE OF 181 MORE HOMES TO BUILD OVER THE NEXT FIVE YEARS, ON SURPLUS AND DONATED LAND. IT WAS IN ACTIVE PREDEVELOPMENT ON THREE PROJECTS WITH CONSTRUCTION TO BEGIN IN 2022 AND 2023. BY YEAR END, HOMESTEAD HELD 245 HOMES IN TRUST, AND HAD CREATED OVER 310 FIRST-TIME HOMEBUYING OPPORTUNITIES FOR INCOME-QUALIFIED HOUSEHOLDS. BY REMOVING HOMES FROM THE SPECULATIVE MARKET AND HOLDING THEM IN TRUST IN PERPETUITY, HOMESTEAD IS CREATING AN ALTERNATE, AFFORDABLE ECONOMY FOR HOUSING. 10709241 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 14 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 1 1 X KATHLEEN HOSFELD 2063231227 412 MAYNARD AVE S SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 61.00 X 132852 0 0 ROSS MURAMOTO FINANCE MANAGER (THRU 11/2022) 21.00 X 75315 0 7924 BRIAN NEVILLE INTERIM FINANCE DIRECTOR 18.00 X 9163 0 0 REBECCA GOBEILLE BOARD PRESIDENT 3.00 X X 0 0 0 CHERYL JACKSON-WILLIAMS BOARD VICE PRESIDENT 3.00 X X 0 0 0 ELI KAUFMAN BOARD SECRETARY 3.00 X X 0 0 0 JANELLE ROTHFOLK BOARD TREASURER 3.00 X X 0 0 0 JOY HUNT BOARD MEMBER (THRU 01/22) 3.00 X 0 0 0 SUSAN ZEMAN BOARD MEMBER 3.00 X 0 0 0 SHAVON JONES BOARD MEMBER 3.00 X 0 0 0 JUANITA MCLAUGHLIN BOARD MEMBER 3.00 X 0 0 0 FRANK ELIZONDO-ALCALA BOARD MEMBER 3.00 X 0 0 0 EILEEN FRANZ BOARD MEMBER 3.00 X 0 0 0 CHANTE HOUSTON BOARD MEMBER 3.00 X 0 0 0 REBECCA LANE BOARD MEMBER 3.00 X 0 0 0 PEARL NELSON BOARD MEMBER 3.00 X 0 0 0 CHANDLER GAYTON BOARD MEMBER 3.00 X 0 0 0 KEVIN SKINNER BOARD MEMBER 3.00 X 0 0 0 217330 0 7924 1 0 0 0 HOSFELD AND ASSOCIATES 4420 SW LANDER STREET SEATTLE WA 98116 EXECUTIVE DIRECTOR 132852 1 38000 1880172 1189091 1918172 PROJECT HOME SALES 531390 7769000 7769000 PROJECT FUNDING 531390 1143440 1143440 LEASE FEE 531110 133576 133576 RESALE FEES 531390 53496 53496 PROJECT MANAGEMENT REVENUE 531390 44000 44000 6512 6512 9150024 187 187 22336 38000 30961 -8625 -8625 MISCELLANEOUS 900001 1588 1588 1588 11061346 9150024 0 -6850 142016 104221 21188 16607 488759 376051 86902 25806 54666 42060 9720 2886 39614 30479 7043 2092 27213 27213 65763 50598 11693 3472 29617 26304 2554 759 6990 5378 1243 369 44279 34117 7835 2327 50213 38634 8928 2651 3474 2673 618 183 8443 6469 1522 452 2715 2089 483 143 COST OF HOMES SOLD 9941170 9941170 FUNDRAISING EXPENSES 17386 17386 PROGRAM EXPENSES 9871 9871 STEWARDSHIP EXPENSES 6749 6749 6742 5165 1216 361 10945680 10709241 160945 75494 712061 1888536 695 695 740168 628000 5334 5334 92 1000 16501880 7742 15724047 16494138 10147526 5054222 27329923 24071925 497216 971243 146623 136389 12700576 8863119 13344415 9970751 X 12003508 11524174 1982000 2577000 13985508 14101174 27329923 24071925 115666 0 X 0 1 X 1 1 1 X 729593 1372766 1096885 679274 1918172 5796690 729593 1372766 1096885 679274 1918172 5796690 2186062 3610628 2 1 145 41 187 376 722 1983 1588 4293 5801359 15167358 0.62240 0.56620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 722. 2021 AMOUNT: $ 1,983. 2022 AMOUNT: $ 1,588. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14363995 14363995 2124053 2124053 13832 7742 6090 16494138 INVESTMENT IN HOMES AVAILABLE FOR SALE 584132 PROJECTS IN DEVELOPMENT 4470090 5054222 X PART IV, LINE 2B: CASH HELD IN RESERVE FOR HOMES ON HOA IS COMPOSED OF AMOUNTS HELD BY HOMESTEAD FOR A HOMEOWNER'S ASSOCIATION THAT GOVERNS SOME OF THE LAND HOMESTEAD OWNS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED HOMESTEAD AS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISION OF SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) AND NOT AS A PRIVATE FOUNDATION. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. HOME GAMES 60336 38000 22336 246 9997 9986 10732 60336 38000 22336 246 9997 9986 10732 30961 -8625 X 1 6091 FMV X 1 1183000 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD AND MEMBERS MUST APPROVE BYLAW CHANGES, SELLING ASSETS, AND CHANGING RESELL FORMULAS AND DUES. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR, FINANCE MANAGER, OFFICE MANAGER AND BOARD TREASURER REVIEW THE PREPARED 990 FOR ACCURACY. THE RETURN IS THEN CIRCULATED TO THE FULL BOARD FOR THEIR REVIEW BEFORE ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, BOARD COMMITTEE MEMBERS, STAFF MEMBERS AND ANY OTHER KEY VOLUNTEERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICIES. THE BOARD OVERSEES ANY POTENTIAL CONFLICTS WITH BOARD MEMBERS. THE EXECUTIVE DIRECTOR OVERSEES CONFLICTS OF INTEREST AFFECTING STAFF OR KEY VOLUNTEERS. ALL POTENTIAL CONFLICTS ARE BROUGHT BEFORE THE BOARD FOR DELIBERATION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD PERIODICALLY REVIEWS PUBLISHED SALARY INFORMATION, DOCUMENTS THE DELIBERATION IN BOARD MINUTES, AND APPROVES COMPENSATION BASED ON COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE ON OUR WEBSITE. OTHER DOCUMENTS ARE PROVIDED UPON REQUEST. 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