2024-08-14T14:16:37-04:00 2023-12-31 364538293 LUDWIG KLEWER & RUDNER PLLC 4783 E CAMP LOWELL DR TUCSON AZ 85712 990 2023-01-01 262948288 SOUTHERN ARIZONA LAND TRUST INC SOUT 5203522626 3044 N ALVERNON WAY TUCSON AZ 85712 GREGG T SASSE EXECUTIVE DIRECTOR 5203522626 2024-08-13 false JULIE S KLEWER CPA P00343046 5205450500 2024-08-13 2023 2024-08-08 14:25:15Z GREGG T SASSE 3044 N ALVERNON WAY TUCSON AZ 85712 3539259 false X X 2008 AZ THE MISSION OF SOUTHERN ARIZONA LAND TRUST INC. IS TO PROMOTE COMMUNITY INTERESTS IN PIMA COUNTY AND SOUTHERN ARIZONA BY INVESTING IN AND REVITALIZING NEIGHBORHOODS THROUGH THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING. 3 3 7 0 2823 36855 1634396 1724289 751530 768333 50678 40195 2439427 2569672 0 0 586144 622362 0 0 1269416 1269519 1855560 1891881 583867 677791 19963207 20670576 5630802 5623871 14332405 15046705 X THE MISSION OF SOUTHERN ARIZONA LAND TRUST INC. IS TO PROMOTE COMMUNITY INTERESTS IN PIMA COUNTY AND SOUTHERN ARIZONA BY INVESTING IN AND REVITALIZING NEIGHBORHOODS THROUGH THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING. false false 1731025 1754164 INVEST AND REVITALIZE AREAS IN TUCSON HIT HARDEST IN THE GREAT RECESSION WITH GRANT FUNDING RECEIVED FROM THE NEIGHBORHOOD STABILIZATION PROGRAM 2 (NSP2) AND IN SUPPORT OF THE ACTIVITIES OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF PIMA COUNTY. ACCOMPLISHMENT: TOTAL RENTAL PORTFOLIO INCLUDES 128 SINGLE FAMILY HOMES, 20% OF WHICH, SERVE FAMILIES AT OR BELOW 50% OF MEDIAN INCOME (AMI). THIS PROGRAM SERVICE CONTINUES TO ACCOMPLISH STABLE AFFORDABLE HOUSING WITH THE AVERAGE LENGTH OF OCCUPANCY OF APPROXIMATELY FIVE (5) YEARS. 753335 SUPPORT THE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT PURPOSES AND ACTIVITIES OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA. ACCOMPLISHMENT: DEVELOPED AND CONSTRUCTED 4 SINGLE-FAMILY HOMES (CDP) FOR THE PURPOSE OF PROVIDING NEW AFFORDABLE HOUSING TO MODERATE INCOME FAMILIES IN TUCSON. 100% OF THE HOMES BUILT WERE ADDED TO THE EXISTING RENTAL PORTFOLIO. THE LATEST 1.2M PROJECT AT CORAZON DEL PUEBLO (CDP) PROVIDED ECONOMIC OPPORTUNITIES FOR SUBCONSTRACTORS, VENDORS AND MATERIAL SUPPLIERS. THIS NEW CONSRUCTION ACTIVITY, WHICH CONVERTED VACANT LOTS INTO NEW ENERGY EFFICIENT HOMES & ADDED VALUABLE HOUSING STOCK TO A COMMUNITY THAT IS LACKING AFFORDABLE HOUSING INVENTORY. PROVIDE NEW AFFORDABLE HOUSING TO LOW INCOME AND MODERATE INCOME FAMILIES IN TUCSON THROUGH DEVELOPMENT OF LANDBANK PROPERTIES. BELNOR VISTA: SECURED WATER TO BLOCK I & BLOCK V, DESIGNING LOT LAYOUT AND SEWER PLANS FOR BLOCK I. BENTLEY ON THE LOOP: STARTED CONSTRUCTION ON THREE NEW ENERGY EFFICIENT AND AFFORDABLE HOMES. EMERY PARK PLACE: OBTAINED A GRANT COMMITMENT AS A CO-APPLICANT TO BUILD FOUR(4) DUPLEXES. PINAL VISTA PLACE: PLANNING THE INSTALLATION OF UTILITIES, GRADING AND DEVELOPMENT ACTIVITIES FOR THIS NEW SIX (6) LOT SUBDIVISION WHICH COULD EITHER BE A HOMEOWNERSHIP OR RENTAL PROJECT. 1731025 true true false false false false false false false false true false true false false true true false false false false false false false false false false false false true false false false true false true false true false false false false false true false false false true 28 0 true 7 true false false false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true true false X X SOUTHERN ARIZONA LAND TRUST 5203522626 3044 N ALVERNON WAY TUCSON AZ 85712 GREGG T SASSE EXECUTIVE DI 40.00 X 154790 0 23022 DEBRA SEIDL ACCT/FINANCE 40.00 X 93035 0 14850 SHAIMA NAMAZIFORD BOARD SECRET 0.25 X X 0 0 0 KENNETH SILVERMAN BOARD TREASU 0.33 X X 0 0 0 FRANK VALENZUELA BOARD CHAIRM 0.50 X X 0 0 0 247825 37872 1 false true false EXHILARATING BUILDING & DESIGN LLC PO BOX 18819 TUCSON AZ 85731 RENOVATIONS 160267 1 36855 36855 RENTAL INCOME 531110 1724289 1724289 1724289 14998 14998 1722922 969587 753335 753335 753335 MORTGAGE PAYOFF INCOME 531390 29875 29875 OTHER REVENUE 900099 10320 10320 40195 2569672 2507499 25318 285697 243229 42468 248154 210609 37545 50545 42898 7647 37966 32271 5695 14354 10048 4306 18480 18480 9831 7865 1966 14277 12368 1909 7606 7606 36837 22465 14372 532070 516943 15127 27873 25086 2787 177694 177694 405477 400710 4767 14178 13753 425 CONTRIBUTIONS 6154 6154 MEALS AND ENTERTAINMENT 2652 1326 1326 TRAINING AND EDUCATION 2036 2036 1891881 1731025 160856 0 494880 661014 503432 211051 12342 5087 1944 2085 32313 35803 19469117 3285645 15453131 16183472 752820 1034241 2712345 2537823 19963207 20670576 170783 240240 165071 180130 2000000 2000000 3294948 3203501 5630802 5623871 X 14332405 15046705 14332405 15046705 19963207 20670576 677791 36509 X false true X true false X X X 1 INDUSTRIAL DEVELOPMENT AUTHORITY 860445981 6 true 0 0 1 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3838030 46300 3884330 15235077 315392 3251327 12299142 34318 34318 16183472 OTHER REAL ESTATE 2537823 2537823 X 2606181 36509 36509 2569672 2569672 1891881 1891881 1891881 SCHEDULE D, PAGE 3, PART X THE ORANIZATION'S POLICY IS TO DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLE POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX POSITIONS. AS OF DECEMBER 31, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS THAT ARE POTENTIALLY MATERIAL. IN ADDITION, MANAGEMENT IS NOT AWARE OF ANY MATTER WHICH WOULD CAUSE THE ORGANIZATION TO LOSE IT TAX- EXEMPT STATUS. X false false false false false false false false false GREGG T SASSE EXECUTIVE DIRECTOR 154790 23022 177812 INDUSTRIAL DEVELOPMENT AUTHORITY SUPPORTED ORG FINANCING X 3000000 2000000 false false true 2000000 THE INSURANCE HOUSE BOARD MEMBER 159039 INSURANCE PAYMENT false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF SOUTHERN ARIZONA LAND TRUST INC. IS TO PROMOTE COMMUNITY INTERESTS IN PIMA COUNTY AND SOUTHERN ARIZONA BY INVESTING IN AND REVITALIZING NEIGHBORHOODS THROUGH THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING. FORM 990, PAGE 2, PART III, LINE 4C PROVIDE NEW AFFORDABLE HOUSING TO LOW INCOME AND MODERATE INCOME FAMILIES IN TUCSON THROUGH DEVELOPMENT OF LANDBANK PROPERTIES. BELNOR VISTA: SECURED WATER TO BLOCK I & BLOCK V, DESIGNING LOT LAYOUT AND SEWER PLANS FOR BLOCK I. BENTLEY ON THE LOOP: STARTED CONSTRUCTION ON THREE NEW ENERGY EFFICIENT AND AFFORDABLE HOMES. EMERY PARK PLACE: OBTAINED A GRANT COMMITMENT AS A CO-APPLICANT TO BUILD FOUR(4) DUPLEXES. PINAL VISTA PLACE: PLANNING THE INSTALLATION OF UTILITIES, GRADING AND DEVELOPMENT ACTIVITIES FOR THIS NEW SIX (6) LOT SUBDIVISION WHICH COULD EITHER BE A HOMEOWNERSHIP OR RENTAL PROJECT. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S INDEPENDENT AUDITOR PREPARES THE 990 BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE COMPLETED RETURN IS REVIEWED BY MANAGEMENT AND VARIOUS MEMBERS OF THE BOARD. AUTHORIZATION IS THEN GIVEN TO FILE THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL DISCLOSURE STATEMENTS FROM OFFICERS, DIRECTORS AND KEY EMPLOYEES. ORGANIZATION ALSO PERFORMS PERIODIC REVIEWS AS OUTLINED IN THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE TOP OFFICIAL IS DETERMINED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABLE SALARIES FOR THE SAME POSITIONS AT SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMIEND BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABLE SALARIES FOR THE SAME POSITIONS AT SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND OTHER RELATED DOCUMENTS ARE AVAILABLE UPON REQUEST, OR ON GUIDESTAR.ORG'S WEBSITE INDUSTRIAL DEVELOPMENT AUTHORITY 2980 N SWAN RD 222 TUCSON AZ 85712 860445981 FINANCING AZ N/A false false false false false false false false false false false false false false false false false false false false