2025-05-01T12:26:17-05:00 2023-12-31 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2023-01-01 900605040 ATLANTA LAND TRUST INC ATLA 4042576866 245 NORTH HIGHLAND AVE NE 230-724 ATLANTA GA 30307 AMANDA RHEIN EXECUTIVE DIRECTOR 4042576866 2025-05-01 1 0 ALEX ZHOU P02372382 7703962200 2025-05-01 2023 2025-03-06 01:10:19Z AMANDA RHEIN 245 NORTH HIGHLAND AVE NE 230-724 ATLANTA GA 30307 3807837 0 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. 18 18 5 0 0 0 6249394 3106593 59605 71643 183374 409444 18033 181252 6510406 3768932 0 0 0 0 342529 414352 170923 0 158341 119725 1138463 633177 1552815 5877229 2216117 13038602 20238649 2837112 8147968 10201490 12090681 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. 0 0 873635 THE ATLANTA LAND TRUST COLLABORATES WITH COMMUNITIES TO CO-CREATESOLUTIONS TO THEIR AFFORDABLE HOUSING CHALLENGES WITH THE GOAL OFCREATING 300 PERMANENTLY AFFORDABLE, ENERGY-EFFICIENT HOMES BY2025. IN 2022 ALT CONTINUED TO ADVANCE THE DEVELOPMENT OF THREEAFFORDABLE TOWNHOME COMMUNITIES: 1091 TUCKER AVENUE, 1024 DONNELLYAVENUE AND 697 FAYETTEVILLE ROAD. IN 2023, ALT COMMENCEDCONSTRUCTION ON PHASE 1 OF 1091 TUCKER AVENUE, CLOSED ON THEACQUISITION AND FINANCING OF THE 2-ACRE SITE AT 697 FAYETTEVILLEROAD AND COMPLETED REZONING AND ENTITLEMENTS FOR 1024 DONNELLYAVENUE.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 2023, 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. 252895 THE ATLANTA LAND TRUST STRIVES TO BE A COMMUNITY-CENTERED 'TRUSTEDPARTNER' WITH A PROVEN MODEL AND CAPACITY TO PARTNER WITHCOMMUNITIES. WE WORKED TO EXPAND AWARENESS AND UNDERSTANDING OFALT AND THE COMMUNITY LAND TRUST MODEL SO THAT ALT WILL BERECOGNIZED AS THE GO-TO ORGANIZATION FOR PERMANENTLY AFFORDABLEHOUSING IN ATLANTA. IN 2023 ALT HOSTED 11 MONTHLY COMMUNITYINFORMATION SESSIONS AND ATTENDED OVER 100 COMMUNITY MEETINGS.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. THE ATLANTA LAND TRUST WORKS TO CREATE A FAVORABLE ENVIRONMENT FORCLT DEVELOPMENT BY ADVOCATING FOR SUPPORTIVE LONG-TERM AFFORDABLEHOUSING POLICY AND FUNDING. ALT WORKED TO DRAFT LEGISLATION TO BEINTRODUCED AT THE STATE LEVEL PROVIDING NONPROFIT ORGANIZATIONSPROPERTY TAX EXEMPTIONS. 873635 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 20 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 1 1 GA X AMANDA RHEIN 4045276866 245 NORTH HIGHLAND AVE NE SUITE ATLANTA GA 30307 AMANDA RHEIN EXECUTIVE DIRECTOR 50.00 X X 185000 0 23052 CASS BREWER DIRECTOR 2.00 X 0 0 0 DAWN ARNOLD DIRECTOR 2.00 X X 0 0 0 JIM SCHRODER TREASURER 2.00 X X 0 0 0 ROB BRAWNER VICE-CHAIR 2.00 X X 0 0 0 KYLE LAMONT DIRECTOR 2.00 X 0 0 0 MAKEISHA ROBEY DIRECTOR 2.00 X 0 0 0 TARA MITCHELL DIRECTOR 2.00 X 0 0 0 SULE CARPENTER DIRECTOR 2.00 X 0 0 0 ANDY SCHNEGGENBURGER SECRETARY 2.00 X X 0 0 0 KARIM SHARIFF DIRECTOR 2.00 X X 0 0 0 TERRI BLOCK DIRECTOR 2.00 X 0 0 0 WESLEY BROOKS DIRECTOR 2.00 X 0 0 0 CHANEL ZEISEL DIRECTOR 2.00 X 0 0 0 LISA BENNETT DIRECTOR 2.00 X 0 0 0 185000 0 23052 1 0 1 0 ELEMENTAL GREEN LLC 256 HAAS AVE SE ATLANTA GA 30316 CONSULANT 106360 1 1365313 1741280 1201789 3106593 RESIDENT STEWARDSHIP F 900099 61643 61643 DEVELOPMENT FEES 900099 10000 10000 71643 96543 96543 351806 38905 312901 312901 312901 OTHER INCOME 900099 181252 181252 181252 3768932 252895 0 409444 X 185000 127650 40408 16942 145916 100682 31871 13363 19439 13413 4246 1780 21284 14686 4649 1949 42713 29472 9329 3912 137106 137106 264863 79621 132315 52927 8598 5933 1878 787 8150 5624 1780 746 294 203 64 27 2679 1849 585 245 3272 2186 765 321 10551 7280 2305 966 175 121 38 16 249291 172011 54450 22830 MISCELLANEOUS EXPENSE 370744 255813 80978 33953 REPAIRS & MAINTENANCE 32410 22363 7079 2968 BAD DEBT EXPENSE 20182 13926 4408 1848 MEMBERSHIP & SUBSCRIPTI 13060 9011 2853 1196 17088 11791 3732 1565 1552815 873635 520839 158341 3443624 1371394 1005724 2819927 732915 165710 3874 3874 8183570 0 7144048 8183570 708417 7694174 13038602 20238649 149864 239299 6695 608120 2676643 6074412 3910 1226137 2837112 8147968 X 3725732 4927105 6475758 7163576 10201490 12090681 13038602 20238649 2216117 -326926 0 X 0 1 X 1 0 X 908513 3132026 805525 6249394 2859894 13955352 908513 3132026 805525 6249394 2859894 13955352 7490507 6464845 1482 1585 1958 31952 36977 1497 4099 14096 18033 181252 218977 14211306 0.45490 0.77960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6475758 3106593 2418775 7163576 886491 6052776 463509 6475758 2345171 1458680 886491 716491 2165000 536320 2345171 358460 632389 274358 716491 0 0 7823901 7823901 359669 359669 8183570 CONSTRUCTION IN PROGRESS 7694174 7694174 CREDIT CARD PAYABLE 2851 ACCRUED INTEREST 1297 DUE TO URGAN REALTY DONNELLY PARTNERS 1201989 DUE TO INTOWN BUILDERS 20000 1226137 3807837 0 3807837 -38905 -38905 3768932 1591720 38905 38905 1552815 0 1552815 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON LAND PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON LAND 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, 2023, 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, 2020. X X X 1 PURPOSE POSSIBLE 581 GRANT STREET ATLANTA GA 30312 SEE SUPPLEMENT INFORMATION 0 0 62400 -62400 62400 -62400 GA FORM 990, SCHEDULE G, LINE 2B - HIGHEST PAID INDIVIDUALS/ENTITIES NAME: PURPOSE POSSIBLE ADDRESS: 581 GRANT STREET ATLANTA, GA 30312 ACTIVITY : FUNDRAISING CUSTODY OR CONTROL OF CONTRIBUTION? NO AMOUNT PAID TO (OR RETAINED BY) FUNDRAISER : $62,400 X X X 0 0 0 0 0 0 0 1 0 AMANDA RHEIN EXECUTIVE DIRECTOR 178500 0 6500 0 0 0 11417 0 11635 0 208052 0 0 0 X 1 1201789 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED AND APPROVED BY FINANCE & AUDIT COMMITTEE, THEN DISSEMINATED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, 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 TO 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. FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 79,621. MANAGEMENT AND GENERAL EXPENSES 132,315. FUNDRAISING EXPENSES 52,927. TOTAL EXPENSES 264,863. ALT 602 HOPE STREET LLC 245 N HIGHLAND AVE NE STE 2307 ATLANTA GA 30307 LAND ACQUISITION GA 187700 ALT TUCKER AVENUE LLC 245 N HIGHLAND AVE NE STE 2307 ATLANTA GA 30307 CONSTRUCTION GA 2043738 ALT FAYETTEVILLE LLC 245 N HIGHLAND AVE NE STE 2307 ATLANTA GA 30307 LAND GA 3850000 URBAN REALTY DONNELLY PARTNERS LLC 245 N HIGHLAND AVE NE STE 2307 ATLANTA GA 30307 LAND GA 0 THE AVENUE AT OAKLAND CITY LLC 245 N HIGHLAND AVE NE STE 2307 ATLANTA GA 30307 LAND GA 0