2024-10-23T08:30:29-05:00 2023-12-31 910189318 MOSS ADAMS LLP 2219 RIMLAND DRIVE SUITE 215 BELLINGHAM WA 982266641 990 2023-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 2063231227 2024-10-22 1 0 EMINA O CRESSWELL CPA P01217304 3606761920 2024-10-17 2023 2024-10-15 13:58:12Z KATHLEEN HOSFELD 412 MAYNARD AVE S 201 SEATTLE WA 98104 22426051 0 X WWW.HOMESTEADCLT.ORG X 1992 WA HOUSING JUSTICE, CLIMATE EQUITY THROUGH AFFORDABLE, SUSTAINABLE HOMEOWNERSHIP 13 13 12 46 0 0 1918172 20217422 9150024 1211567 187 117786 -7037 580200 11061346 22126975 0 0 0 0 725055 903407 0 0 117371 10220625 2874174 10945680 3777581 115666 18349394 24071925 50235057 9970751 17433337 14101174 32801720 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 3027969 1211567 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 A HIGH ENVIRONMENTAL STANDARD, WE CREATE HOUSING AND CLIMATE EQUITY FOR THESE LOWER-INCOME HOMEOWNERS. 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 246 HOMES IN TRUST, AND HAD CREATED OVER 317 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. 3027969 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 33 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 60.00 X 139515 0 0 BRIAN NEVILLE INTERIM FINANCE DIRECTOR 23.00 X 40062 0 0 MARTINA JAMBRICHOVA FINANCE DIRECTOR 36.00 X X 95000 0 3214 CHERYL JACKSON WILLIAMS BOARD PRESIDENT 3.00 X X 0 0 0 REBECCA GOBEILLE BOARD PRESIDENT (THRU 01/2023) 3.00 X X 0 0 0 PEARL NELSON BOARD VICE PRESIDENT 3.00 X 0 0 0 JANELLE ROTHFOLK BOARD SECRETARY 3.00 X X 0 0 0 ELI KAUFMAN BOARD SECRETARY (THRU 01/2023) 3.00 X X 0 0 0 KEVIN SKINNER BOARD TREASURER 3.00 X X 0 0 0 SUSAN ZEMAN BOARD MEMBER 3.00 X 0 0 0 SHAVON JONES 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 CHANDLER GAYTON BOARD MEMBER 3.00 X 0 0 0 JUANITA MCLAUGHLIN BOARD MEMBER (THRU 01/2023) 3.00 X 0 0 0 274577 0 3214 1 0 0 0 EDGE COMMUNITY BUILDERS 1225 S WELLER STREET SUITE 550 SEATTLE WA 98144 GENERAL CONTRACTOR 6211382 SUNERGY SYSTEMS INC 4546 LEARY WAY NW SEATTLE WA 98107 SOLAR ENERGY SYSTEM SERVICE 300000 EDGE DEVELOPERS LLC 1225 S WELLER STREET SUITE 550 SEATTLE WA 98144 DEVELOPER 200023 HOSFELD AND ASSOCIATES 4420 SW LANDER STREET SEATTLE WA 98116 EXECUTIVE DIRECTOR 139515 SCHEMATA WORKSHOP INC 1720 12TH AVENUE SEATTLE WA 98122 ARCHITECT 135346 7 79480 20137942 9523428 20217422 PROJECT HOME SALES 531390 785000 785000 PROJECT FUNDING 531390 191677 191677 FEES 531390 147715 147715 MANAGEMENT REVENUE 531390 84000 84000 ACCOUNTING SERVICES 531390 2400 2400 775 775 1211567 117786 117786 810153 186426 623727 623727 623727 49843 79480 112650 -62807 -62807 MISCELLANEOUS 900001 19280 19280 19280 22126975 1211567 0 697986 277791 205565 52780 19446 504579 373388 95870 35321 1900 1406 361 133 69254 51248 13158 4848 49883 36913 9478 3492 23451 17354 4456 1641 23331 17265 4433 1633 65289 48314 12405 4570 23499 17389 4465 1645 8529 6311 1621 597 102473 75830 19470 7173 38200 28268 7258 2674 57841 42802 10990 4049 2564 1897 487 180 15681 11604 2979 1098 194485 143919 36952 13614 20217 14961 3841 1415 COST OF HOMES SOLD 1924970 1924970 CONTRIBUTION EXPENSE 351171 351171 FUNDRAISING EXPENSES 13818 13818 PROGRAM EXPENSES 8310 8310 345 255 66 24 3777581 3027969 632241 117371 1888536 1638634 695 696 628000 135750 5334 0 1000 73500 26642665 202227 16494138 26440438 0 9641021 5054222 12305018 24071925 50235057 971243 947662 136389 157031 8863119 16328644 9970751 17433337 X 11524174 30119720 2577000 2682000 14101174 32801720 24071925 50235057 X 18349394 351152 X 0 1 X 1 0 X 1372766 1096885 679274 1918172 20217422 25284519 1372766 1096885 679274 1918172 20217422 25284519 2639635 22644884 1 145 41 187 927939 928313 722 1983 1588 19280 23573 26236405 16199874 0.86310 0.62240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 722. 2021 AMOUNT: $ 1,983. 2022 AMOUNT: $ 1,588. 2023 AMOUNT: $ 19,280. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 20943048 20943048 5602235 198772 5403463 97382 3455 93927 26440438 PROJECTS IN DEVELOPMENT 12305018 12305018 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. HENRY LOUIS GATES EVENT 129323 79480 49843 1000 375 7331 6817 63204 33923 129323 79480 49843 1000 375 7331 6817 63204 33923 112650 -62807 X 1 24423 FMV X 1 7023428 BOOK EQUITY X 1 2500000 APPRAISAL 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 THE BOARD AND MEMBERS MUST APPROVE BYLAW CHANGES, SELLING ASSETS, AND CHANGING RESELL FORMULAS AND DUES. 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. FORM 990, PART XI, LINE 9: NET ASSETS ATTRIBUTABLE TO NON-CONTROLLING INTEREST 367,317. CHANGE IN NET ASSETS ATTRIBUTABLE TO NON-CONTROLLING INTEREST -16,165. HOMESTEAD REBUILDING COMMUNITIES LLC 412 MAYNARD AVE S STE 201 SEATTLE WA 98104 455180363 RENOVATE DISTRESSED PROPERTIES WA HOMESTEAD COMMUNITY LAND TRUST COLUMBIA 26 LLC 412 MAYNARD AVE S STE 201 SEATTLE WA 98104 273621947 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA HOMESTEAD COMMUNITY LAND TRUST WILLOWCREST AFFORDABLE TOWNHOMES LLC 412 MAYNARD AVE S STE 201 SEATTLE WA 98104 850511473 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA HOMESTEAD COMMUNITY LAND TRUST BENSON EAST LLC PO BOX 5981 KENT WA 98064 460474983 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA 810513 8146715 HOMESTEAD COMMUNITY LAND TRUST YAKIMA AVENUE DEVELOPMENT PARTNERS LLC 412 MAYNARD AVE S STE 201 SEATTLE WA 98104 851116031 REAL ESTATE DEVELOPMENT WA CONTROL OVER THE LLC IS SHARED BETWEEN THE TWO OWNERS RELATED 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0