2025-11-17T09:56:51-06:00 2024-12-31 831576695 COMMON GOOD BOOKKEEPING 1202 Williamson St Madison WI 53703 990 2024-01-01 391680095 Madison Area CLT Corporation MADI 6082852691 902 Royster Oaks Dr Madison WI 53714 Olivia Williams Executive Director 6082852691 2025-11-17 1 1 Andrew Browne P03031253 5125650277 2025-11-17 2024 2025-03-06 01:10:19Z Madison Area Community Land Trust Olivia Williams 902 Royster Oaks Dr Madison WI 53714 487044 0 X www.maclt.org X 1990 WI MACLT liberates land for the benefit of historically marginalized populations at the lowest incomes possible, preserving urban space for community use, and creating deeply and permanently affordable homeownership opportunities for those typically exploited by the housing market. 9 9 4 0 0 0 986336 421707 198874 51970 0 13367 87200 0 1272410 487044 659045 113496 0 0 177854 326761 7575 1650 53173 174442 115582 1018916 557489 253494 -70445 2889094 2782653 2640734 2604738 248360 177915 X MACLT liberates land for the benefit of historically marginalized populations at the lowest incomes possible, preserving urban space for community use, and creating deeply and permanently affordable homeownership opportunities for those typically exploited by the housing market. 0 0 429361 113496 51970 MADISON AREA COMMUNITY LAND TRUST PROVIDES ONGOING STEWARDSHIP OF 62 HOMES AND THE LAND UNDERNEATH THEM THAT ARE KEPT PERMANENTLY AFFORDABLE UNDER THE TERMS OF A GROUND LEASE AND/OR DECLARATION OF RESTRICTIVE COVENANTS WITH THE LAND TRUST. MACLT ALSO STEWARDS THE LAND UNDER 10 MARKET-RATE HOMES AS WELL AS CONSERVATION AND AGRICULTURAL LAND. AND MACLT HAS A MAINTENANCE SERVICES PROGRAM THAT INVOLVES OBTAINING GRANT FUNDING AND COORDINATING MAINTENANCE SERVICES TO THE LOW-INCOME HOMEOWNERS IN OUR HOMEOWNERSHIP PROGRAM. 429361 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X Olivia Williams 6082852691 902 Royster Oaks Madison WI 53714 X Karen von Huene Board President 1.50 X X 0 0 0 Beth Welch Board Vice President 1.50 X X 0 0 0 Evan Bonsall Board Secretary 1.00 X X 0 0 0 Shaya Schreiber Board Treasurer 1.00 X X 0 0 0 Grace Coleman Director 0.50 X 0 0 0 Robert Paolino Director 0.50 X 0 0 0 DaMontae January Director 0.50 X 0 0 0 Eva Wingren Director 0.50 X 0 0 0 Andy Heidt Director 0.50 X 0 0 0 Olivia Williams Executive Director 40.00 X 109524 0 5443 109524 0 5443 1 0 0 0 0 143066 278641 421707 Rental Income 531190 51970 51970 51970 13367 13367 487044 51970 0 13367 113496 113496 290985 212005 44351 34629 5604 4083 854 667 8114 5911 1237 966 22058 16071 3362 2625 10285 6461 3403 421 19837 12461 6564 812 1650 1650 14257 8895 529 4833 11982 6345 5637 6523 4655 1522 346 7627 5339 1907 381 3669 3669 3107 3107 12415 8470 3945 Repairs and Maintenance 24519 24519 Program supplies 650 650 Governance expenses 505 505 Membership dues 206 206 557489 429361 74955 53173 381665 38892 268368 87029 6775 69472 5507 4911 2369299 2369299 2369299 28750 28750 10069 2961 2889094 2782653 33439 4725 2607295 2600013 2640734 2604738 X 118066 88820 130294 89095 248360 177915 2889094 2782653 -70445 0 X 1 X 0 0 0 X 10646 69606 470619 986336 421707 1958914 10646 69606 470619 986336 421707 1958914 10554 1948360 13367 13367 1972281 0.98790 0.77530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2369299 2369299 2369299 Deferred Loans 2596919 Operating Lease Liability 3094 2600013 0 Minor home repair and maintenance 18 113496 cost maintenance & repair services Form 990, Part VI, Section A, line 6 THE CORPORATION HAS THREE CLASSES OF MEMBERSHIP: RESIDENT MEMBERS, GENERAL MEMBERS, AND ORGANIZATIONAL MEMBERS. RESIDENT MEMBERS ARE ALL PERSONS WHO HAVE ENTERED INTO A GROUND LEASE WITH THE CORPORATION. GENERAL MEMBERS ARE THOSE NATURAL PERSONS OTHER THAN RESIDENT MEMBERS WHO ARE 18 YEARS OF AGE OR OLDER, HAVE SUBMITTED AN INITIAL MEMBERSHIP APPLICATION, AND HAVE PAID DUES. ORGANIZATIONAL MEMBERS ARE ORGANIZATIONS THAT HAVE SUBMITTED AN INITIAL MEMBERSHIP APPLICATION AND HAVE PAID DUES. ORGANIZATIONAL MEMBERS ARE NON-VOTING MEMBERS OF THE CORPORATION. Form 990, Part VI, Section A, line 7a RESIDENT AND NON-RESIDENT DIRECTORS OF THE GOVERNING BODY ARE ELECTED BY THE VOTING MEMBERS OF THE CORPORATION AT AN ANNUAL MEETING. Form 990, Part VI, Section A, line 7b RESIDENT MEMBERS AND GENERAL MEMBERS HAVE THE RIGHT TO APPROVE ALTERATIONS OF THE RESALE FORMULA USED BY THE CORPORATION, AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION, AMENDMENTS TO THE CORPORATION'S BYLAWS RELATED TO MEMBERSHIP, AND THE DISSOLUTION OF THE CORPORATION. Form 990, Part VI, Section B, line 11b THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY AND BY MANAGEMENT BEFORE THE RETURN IS FILED WITH THE IRS. THE CORPORATION SENDS A DRAFT OF THE RETURN TO ALL OF THE MEMBERS OF THE GOVERNING BODY WITH A REQUEST THAT THE MEMBERS REVIEW THE DRAFT AND RESPOND TO MANAGEMENT ACCEPTING THE DRAFT. Form 990, Part VI, Section B, line 12c ANNUALLY, ALL OFFICERS AND DIRECTORS SIGN A STATEMENT DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THE SIGNED STATEMENTS ARE KEPT AT THE CORPORATION'S OFFICE. ANY CONFLICTS OF INTEREST THAT ARE IDENTIFIED ARE REVIEWED BY THE MEMBERS OF THE GOVERNING BODY AND ANY PERSON WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS ON THE TRANSACTION. Form 990, Part VI, Section B, line 15a THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. THE BOARD APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES. Form 990, Part VI, Section C, line 19 THE CORPORATION MAKES ITS ARTICLES OF INCORPORATION AND BYLAWS AND ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE CORPORATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO MEMBERS OF THEG OVERNING BODY ON A SECURE SERVER BUT IS NOT MADE AVAILABLE TOT HE PUBLIC.