2023-11-15T12:44:25-06:00 2022-12-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-01-01 900605040 ATLANTA LAND TRUST INC % AMANDA RHEIN ATLA 4042576866 245 North Highland Ave NE 230-724 ATLANTA GA 30307 AMANDA RHEIN EXECUTIVE DIRECTOR 4042576866 2023-11-15 true AMANDA RHEIN 999009999 MARC A AZAR P91739349 4048746244 2023-11-15 3 2022 2023-04-26 12:10:37Z AMANDA RHEIN 245 N Highland Ave NE 230-724 ATLANTA GA 30307 6826379 false X n/a X 2009 GA TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING to support inclusive, equitable communities near the Atlanta beltline and other targeted areas in the city of atlanta. 14 14 6 14 0 0 904508 6249394 6728 59605 -69506 183374 14096 18033 855826 6510406 0 0 0 0 391383 342529 135022 170923 192323 109456 119725 635861 633177 219965 5877229 4921632 13038602 597371 2837112 4324261 10201490 X THE MISSION OF THE ATLANTA LAND TRUST (ALT) IS TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING TO SUPPORT INCLUSIVE, EQUITABLE COMMUNITIES NEAR THE ATLANTA BELTLINE AND OTHER TARGETED AREAS IN THE CITY OF ATLANTA. false false 385200 The Atlanta Land Trust collaborates with communities to co-create solutions to their affordable housing challenges with the goal of creating 300 permanently affordable, energy-efficient homes by 2025. In 2022 ALT continued to advance the development of three affordable townhome communities: 1091 Tucker Avenue, 1024 Donnelly Avenue and 697 Fayetteville Road. In 2022, ALT commenced construction on phase 1 of 1091 Tucker Avenue, closed on the acquisition and financing of the 2-acre site at 697 Fayetteville Road and completed rezoning and entitlements for 1024 Donnelly Avenue. See further information on Schedule O 77638 The Atlanta Land Trust strives to be a community-centered 'Trusted Partner' with a proven model and capacity to partner with communities. We worked to expand awareness and understanding of ALT and the community land trust model so that ALT will be recognized as the go-to organization for permanently affordable housing in Atlanta. In 2022 ALT hosted 11 monthly Community Information Sessions and attended over 100 community meetings. See further information on Schedule O The Atlanta Land Trust works to create a favorable environment for CLT development by advocating for supportive long-term affordable housing policy and funding. ALT worked to draft legislation to be introduced at the state level providing nonprofit organizations property tax exemptions. 385200 true true false false false false false false false true true false false true true true true false false false false false false true false false false false false true false false false false false false false false true false false false true false false false false true 11 0 true 6 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true false true true false GA X AMANDA RHEIN 4045276866 245 NORTH HIGHLAND AVE NE SUITE 23 ATLANTA GA 30307 X Amanda Rhein Executive Director 50.0 0.0 X X 184973 0 22595 Kyle Lamont Director 2.0 0.0 X 0 0 0 Lisa Bennett Director 2.0 0.0 X 0 0 0 Dawn Luke Chair 2.0 0.0 X X 0 0 0 Cass Brewer Director 2.0 0.0 X 0 0 0 Rob Brawner Vice-Chair 2.0 0.0 X X 0 0 0 Jim Schroder Treasurer 2.0 0.0 X X 0 0 0 Tara Mitchell Director 2.0 0.0 X 0 0 0 Chanel Zeisel Director 2.0 0.0 X 0 0 0 Makeisha Robey Director 2.0 0.0 X 0 0 0 Karim Shariff Director 2.0 0.0 X 0 0 0 Andy Schneggenburger Director 2.0 0.0 X 0 0 0 Sule Carpenter Director 2.0 0.0 X 0 0 0 Wesley Brooks Director 2.0 0.0 X 0 0 0 Terri Block Director 2.0 0.0 X 0 0 0 184973 0 22595 1 false true false KRONBERG URBANISTS ARCHITECTS 887 Wylie Street SE ATLANTA GA 30316 ARCHITECT 189390 COXE CURRY ASSOCIATES 191 Peachtree Street Suite 450 ATLANTA GA 30303 CONSULTANT 103568 2 30000 6219394 3850000 6249394 RESIDENT STEWARDSHIP FEES 11605 11605 DEVELOPMENT FEES 48000 48000 59605 1958 1958 0 0 0 0 0 497389 315973 181416 181416 181416 0 0 0 0 0 0 0 0 0 OTHER INCOME 18033 18033 18033 6510406 77638 183374 0 0 0 0 204815 184333 10241 10241 0 100696 90626 5035 5035 3753 3377 188 188 12299 11069 615 615 20966 18870 1048 1048 0 0 34255 34255 0 170923 170923 0 37776 33998 1889 1889 1267 1141 63 63 6278 5650 314 314 196 176 10 10 0 1139 1025 57 57 0 0 5300 4770 265 265 0 0 0 3397 3057 170 170 MISCELLANEOUS EXPENSE 20476 18431 1022 1023 MEMBERSHIP & SUBSCRIPTIONS 9641 8677 482 482 633177 385200 55654 192323 X 1011840 3443624 277653 1005724 0 0 747946 732915 0 0 0 0 0 0 0 0 4553 3874 7144048 2174071 7144048 0 0 0 0 0 0 0 0 705569 708417 4921632 13038602 42169 149864 0 0 4160 6695 0 0 0 0 0 0 550000 2676643 0 0 1042 3910 597371 2837112 X 3437770 3725732 886491 6475758 4324261 10201490 4921632 13038602 5877229 X false true X true false X 162467 908513 3132026 805525 6249394 11257925 0 0 162467 908513 3132026 805525 6249394 11257925 2447280 8810645 3 0 1482 1585 1958 5028 0 315 1497 4099 14096 18033 38040 11300993 104766 0.77963 0.59691 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 886491 6052776 463509 6475758 2345171 1458680 886491 716491 2165000 536320 2345171 358460 632389 274358 716491 47712 325000 14252 358460 1.00000 false false 7144048 7144048 7144048 CONSTRUCTION IN PROGRESS 708417 708417 0 CREDIT CARD PAYABLE 2613 ACCRUED INTEREST 1297 3910 X 7225685 653779 653779 6571906 -61500 -61500 6510406 1348456 653779 61500 715279 633177 633177 ASC 740 ALT is a tax-exempt organization under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, the accompanying financial statements do not include federal and state income taxes from ALT's activities. ALT follows authoritative guidance which requires ALT to evaluate its tax positions for any uncertainties based on the technical merits of the position taken. ALT recognizes the tax obligation from an uncertain tax position only if it is more likely than not that the tax position will be upheld upon examination by taxing authorities. As of December 31, 2022, ALT does not believe it has any uncertain tax positions. In the normal course of business, ALT is subject to examination by the federal and state taxing authorities. In general, ALT is no longer subject to tax examinations for tax years ended before December 31, 2019. SCHedule D PART XI Line 4B ($61,500) LOSS ON LAND INCLUDED IN EXPENSES SCHEDULE D PART XII LINE 2D ($61,500) LOSS ON LAND INCLUDED IN EXPENSES X X X true PURPOSE POSSIBLE 581 Grant Street atlanta GA 30312 fundraising false 55098 COXE CURRY ASSOCIATES 191 Peachtree Street Suite 450 At atlanta GA 30303 FUNDRAISING false 103568 158666 GA X X X false false false false false false false true false Amanda Rhein Executive Director 178173 0 6800 0 0 0 11098 0 11497 0 207568 0 0 0 PART I, LINE 7 THE ORGANIZATION'S BOARD OF DIRECTORS APPROVED AND IMPLEMENTED A PERFORMANCE REVIEW SYSTEM IN CALENDAR YEAR 2020. THE PERFORMANCE REVIEW SYSTEM ESTABLISHES THAT THE BOARD OF DIRECTORS WILL DETERMINE THE AMOUNT OF THE BONUS POOL AS PART OF THE ANNUAL BUDGET PROCESS, TO BE OFFERED IN A RANGE UP TO 5% OF AN EMPLOYEE'S SALARY AND DISTRIBUTED HIERARCHICALLY AMONG THE ELIGIBLE EMPLOYEES BASED ON THE NUMERIC RANK. THE BONUS IS ONE-TIME AND DOES NOT ADJUST THE SALARY. X 1 3850000 Fair Market Value 0 false false false PART III, LINE 4A In total these projects will create 120 new townhome units of which 90 will be permanently affordable. ALT as also been working to grow its portfolio of scattered-site single family homes and hired a new staff member to oversee this work. At the end of 2022, ALT's portfolio of occupied homes totaled 20 units and its pipeline has grown to approximately 300 units which are expected to be delivered within the next several years. PART III, LINE 4b Through these activities we have been able to grow our pipeline of homebuyers to over 400 people. ALT also held post-purchase educational programming for homeowners, including an estate planning workshop, and hosted two continuing education classes for real estate agents. PART III, LINE 4D IN 2020, THE ATLANTA LAND TRUST BEGAN PREDEVELOPMENT ACTIVITIES FOR THREE AFFORDABLE HOUSING DEVELOPMENTS THAT WILL CONTAIN A TOTAL OF APPROXIMATELY 90 AFFORDABLE UNITS. THEY CONTINUED THIS WORK IN 2022. ALT hosted and/or participated in over 100 community meetings and grew our pipeline of prospective homebuyers to over 400 people. PART VI, LINE 11A The completed Form 990 is reviewed and approved by Finance & Audit Committee, then disseminated to the Board of Directors for review. PART VI, LINE 12C ALT has had and continues to have a policy that no person, while serving ALT as a Director, Officer, Committee member, or in any other leadership capacity, may take personal advantage of his or her position with ALT. Activities performed by a person in a leadership capacity with ALT must serve the best interests of ALT and may not favor the personal interests of such person. Further, every person serving in a leadership capacity with ALT must disclose any circumstances that either constitute or appear to constitute a prohibited conflict of interest between such person's duty of loyalty to ALT and such person's personal interests. Compliance with this policy requires a Leader to avoid and disclose any prohibited conflicts of interest or appearance of prohibited conflicts of interest between his or her respective individual financial, business, or investment interests and the interests of ALT. On an annual basis (or on an interim basis if necessary due a new appointment or a newly-arising actual or potential conflict of interest) each Leader must disclose on the form of disclosure statement any actual or potential prohibited conflicts of interest such Leader may have with ALT as of the date seT forth on Exhibit A; and acknowledge and agree to the policy and the terms of the disclosure statement and deliver an executed original thereof to the Chair of the Board of Directors. In the event a Leader and ALT propose to enter into an arrangement, transaction, or circumstance that otherwise would constitute or would appear to constitute a prohibited conflict of interest, then such arrangement, transaction, or circumstance nevertheless may be authorized and approved in compliance with this policy if, in addition to meeting any other requirements of applicable law, the following conditions are met: (I) the Leader proposing to enter into the otherwise prohibited conflict of interest arrangement, transaction, or circumstance with ALT provides written notice to the Board of Directors of ALT; and (ii) such Leader thereafter refrains from any deliberation or voting with respect to ALT's decision to participate or not to participate in such arrangement, transaction, or circumstance and the manner of terms of such participation. Minutes of appropriate meetings regarding such matters should reflect clearly that such disclosure was made, and that such Leader recused him or herself from deliberations and abstained from voting on the matter. PART VI, LINE 15A ALT engaged an executive search firm to identify and select the Executive Director. As part of this scope of work, CarterBaldwin conducted an analysis of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. PART VI, LINE 19 All documents are available to the public upon request. ALT 602 Hope Street LLC 245 N HIGHLAND AVE NE STE 230724 Atlanta GA 30307 Land Acqu GA 187700 NA ALT Tucker Avenue LLC 245 N HIGHLAND AVE NE STE 230724 Atlanta GA 30307 CONSTRUCTION GA 181851 NA ALT Fayetteville LLC 245 N HIGHLAND AVE NE STE 230724 aTLANTA GA 30307 LAND GA 4023864 NA Urban Realty Donnelly Partners LLC 245 N HIGHLAND AVE NE STE 230724 aTLANTA GA 30307 LAND GA 1222376 NA The Avenue at Oakland City LLC 245 N HIGHLAND AVE NE STE 230724 ATLANTA GA 30307 LAND GA 0 NA