2025-10-15T17:05:43-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2219 RIMLAND DRIVE SUITE 215 BELLINGHAM WA 982266641 990 2024-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 2063231227 2025-10-15 1 1 EMINA O CRESSWELL P01217304 3606761920 2025-10-15 2024 2025-03-06 01:10:19Z KATHLEEN HOSFELD 412 MAYNARD AVE S 201 SEATTLE WA 98104 12282868 0 X WWW.HOMESTEADCLT.ORG X 1992 WA HOUSING JUSTICE, CLIMATE EQUITY THROUGH AFFORDABLE, SUSTAINABLE HOMEOWNERSHIP 12 12 14 46 0 0 20217422 1828099 1211567 8437333 117786 739592 580200 665299 22126975 11670323 0 288889 0 0 903407 1457343 0 0 261414 2874174 9237755 3777581 10983987 18349394 686336 50235057 50664783 17433337 17176727 32801720 33488056 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 10304340 288889 8437333 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 218 MORE HOMES TO BUILD OVER THE NEXT FIVE YEARS, ON SURPLUS AND DONATED LAND. BY YEAR END, HOMESTEAD HELD 257 HOMES IN TRUST, AND HAD CREATED OVER 329 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. 10304340 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 34 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 168208 0 10117 MARTINA JAMBRICHOVA FINANCE DIRECTOR 36.00 X X 127072 0 13936 ERIC PRAVITZ DIRECTOR OF REAL ESTATE DEVELOPMENT 40.00 X 105911 0 8707 CHERYL JACKSON WILLIAMS BOARD PRESIDENT 3.00 X X 0 0 0 PEARL NELSON BOARD VICE PRESIDENT 3.00 X X 0 0 0 CHANTE HOUSTON BOARD SECRETARY 3.00 X X 0 0 0 JANELLE ROTHFOLK BOARD SECRETARY (THRU 02/2024) 3.00 X X 0 0 0 KEVIN SKINNER BOARD TREASURER 3.00 X X 0 0 0 CHANDLER GAYTON BOARD MEMBER (THRU 08/2024) 3.00 X 0 0 0 EILEEN FRANZ BOARD MEMBER (THRU 07/2024) 3.00 X 0 0 0 SHAVON JONES BOARD MEMBER 3.00 X 0 0 0 REBECCA LANE BOARD MEMBER (THRU 01/2024) 3.00 X 0 0 0 FRANK ELIZONDO-ALCALA BOARD MEMBER 3.00 X 0 0 0 SUSAN ZEMAN BOARD MEMBER (THRU 01/2024) 3.00 X 0 0 0 RACHEL FABER MACHACHA BOARD MEMBER 3.00 X 0 0 0 ROBERT LAING BOARD MEMBER 3.00 X 0 0 0 JARROD KLUK BOARD MEMBER 3.00 X 0 0 0 JULIA JANNON SHIELDS BOARD MEMBER 3.00 X 0 0 0 BRIAN NEVILLE BOARD MEMBER 3.00 X 0 0 0 401191 0 32760 3 0 1 0 EDGE COMMUNITY BUILDERS LLC 1225 S WELLER STRET SUITE 550 SEATTLE WA 98144 GENERAL CONTRACTOR 4387074 HILLIS CLARK MARTIN & PETERSON 999 THIRD AVE SUITE 4600 SEATTLE WA 98104 ATTORNEYS 399777 THIRD PLACE DESIGN CO-OPERATIVE 304 ALASKAN WAY S SUITE 301 SEATTLE WA 98104 ARCHITECTS 339526 3 132000 124940 1571159 809155 1828099 PROJECT HOME SALES 531390 4362650 4362650 PROJECT FUNDING 531390 3854417 3854417 FEES 531390 153955 153955 MANAGEMENT REVENUE 531390 62822 62822 ACCOUNTING SERVICES 531390 2400 2400 1089 1089 8437333 450703 450703 622449 488985 133464 133464 133464 288889 0 288889 288889 288889 50313 132000 123560 -73247 -73247 LOAN FORGIVENESS 900001 600000 600000 MISCELLANEOUS 900001 5082 5082 605082 11670323 8437333 0 1404891 288889 288889 319333 226726 47900 44707 845368 600211 126805 118352 24607 17471 3691 3445 172568 122523 25885 24160 95467 67782 14320 13365 64379 64379 89260 89260 76943 54630 11541 10772 56646 40219 8497 7930 33362 23687 5004 4671 45115 32032 6767 6316 67313 47792 10097 9424 2143 1522 321 300 15652 11113 2348 2191 3460 2457 519 484 COST OF HOMES SOLD 8675708 8675708 PROGRAM EXPENSES 87259 87259 FUNDRAISING EXPENSES 14445 14445 6070 4319 899 852 10983987 10304340 418233 261414 1638634 1018564 696 923085 135750 217115 73500 121000 27685500 416888 26440438 27268612 9641021 8047073 12305018 13069334 50235057 50664783 947662 2270050 157031 123433 16328644 14783244 17433337 17176727 X 30119720 26474056 2682000 7014000 32801720 33488056 50235057 50664783 686336 0 X 0 1 X 1 0 X 1096885 679274 1918172 20217422 1828099 25739852 1096885 679274 1918172 20217422 1828099 25739852 2554293 23185559 145 41 187 927939 1073152 2001464 722 1983 1588 19280 605082 628655 28369971 24647403 0.81730 0.86310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 722. 2021 AMOUNT: $ 1,983. 2022 AMOUNT: $ 1,588. 2023 AMOUNT: $ 19,280. 2024 AMOUNT: $ 5,082. LOAN FORGIVENESS - 2024 AMOUNT: $ 600,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 21950937 21950937 5602235 407268 5194967 132328 9620 122708 27268612 PROJECTS IN DEVELOPMENT 12421274 HOMES - HELD FOR RESALE 648060 13069334 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. ISABEL WILKERSON EVENT 182313 132000 50313 1075 2263 8685 8394 68556 34587 182313 132000 50313 1075 2263 8685 8394 68556 34587 123560 -73247 0 PARKVIEW SERVICES 4720 200TH STREET SW SUITE 200 LYNNWOOD WA 98036 910828809 501(C)(3) 0 288889 APPRAISAL LAND AFFORDABLE HOUSING DEVELOPMENT 1 0 0 0 0 0 0 0 0 0 0 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 167708 0 500 0 0 0 1750 0 8367 0 178325 0 0 0 X 1 2155 FMV X LAND 1 807000 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 DIRECTOR, 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. 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 AFFORDABLE HOUSING WA HOMESTEAD COMMUNITY LAND TRUST BENSON EAST LLC PO BOX 5981 KENT WA 98064 460474983 OPERATE AND MAINTAIN AFFORDABLE HOUSING WA 649986 8222079 HOMESTEAD COMMUNITY LAND TRUST YAKIMA AVENUE DEVELOPMENT PARTNERS LLC 412 MAYNARD AVE S STE 201 SEATTLE WA 98104 851116031 REAL ESTATE DEVELOPMENT WA HOMESTEAD COMMUNITY LAND TRUST RELATED 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0