2025-11-17T14:50:15-06:00 2024-12-31 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2024-01-01 900605040 ATLANTA LAND TRUST INC ATLA 4042576866 245 NORTH HIGHLAND AVE NE 230-724 ATLANTA GA 30307 AMANDA RHEIN EXECUTIVE DIRECTOR 4042576866 2025-11-17 1 1 ALEX ZHOU P02372382 7703962200 2025-11-17 2024 2025-03-06 01:10:19Z AMANDA RHEIN 245 NORTH HIGHLAND AVE NE 230-724 ATLANTA GA 30307 3909071 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 9 0 0 0 3106593 2846744 71643 427102 409444 137849 181252 497376 3768932 3909071 0 0 0 0 414352 454762 0 0 212703 1138463 2006614 1552815 2461376 2216117 1447695 20238649 26259726 8147968 12119860 12090681 14139866 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 1603280 THE ATLANTA LAND TRUST COLLABORATES WITH COMMUNITIES TO CO-CREATE CREATING 300 PERMANENTLY AFFORDABLE, ENERGY-EFFICIENT HOMES BY 2025. IN 2024, ALT COMPLETED AND SOLD 40 HOMES AND NOW HAS 110 UNITS IN VARIOUS STAGES OF DEVELOPMENT. IN ADDITION, WE HAVE 170 UNITS THAT REPRESENT FUTURE DEVELOPMENT OPPORTUNITIES. NOTABLY, IN 2024 ALT COMMENCED CONSTRUCTION ON 1024 DONNELLYAVENUE AND AQUIRED LAND FOR A NEW 14-UNIT TOWNHOMES PROJECT IN GROVE PARK. 924477 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 2024 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. 1603280 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 40 0 1 9 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 1 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 190000 0 22966 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 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 CHANEL ZEISEL DIRECTOR 2.00 X 0 0 0 LISA BENNETT DIRECTOR 2.00 X 0 0 0 RICHARD SLATON DIRECTOR 2.00 X 0 0 0 BEM JOINER DIRECTOR 2.00 X 0 0 0 RONIT HOFFER DIRECTOR 2.00 X 0 0 0 ALISON SOLOMON DIRECTOR 2.00 X 0 0 0 KENNETH HAIDER-BARDILL DIRECTOR 2.00 X 0 0 0 190000 0 22966 1 0 1 0 ELEMENTAL GREEN LLC 256 HAAS AVE SE ATLANTA GA 30316 CONSULANT 153753 1 643889 2202855 2846744 DEVELOPMENT FEES 900099 261425 261425 RESIDENT STEWARDSHIP F 900099 147629 147629 GROUND LEASE FEES 900099 16622 16622 THOUGHT LEADERSHIP 900099 1426 1426 427102 137849 137849 OTHER INCOME 900099 497376 497376 497376 3909071 924478 0 137849 X 190000 131100 41500 17400 175429 121046 38317 16066 21119 14572 4613 1934 26275 18130 5739 2406 41939 28938 9160 3841 138089 138089 617973 426401 134978 56594 10923 7537 2386 1000 23872 16472 5214 2186 37 26 8 3 2990 2063 653 274 4080 2815 891 374 7700 5313 1682 705 97870 67530 21377 8963 750 517 164 69 37555 25913 8203 3439 MISCELLANEOUS EXPENSE 795255 548726 173700 72829 ENGINEERING FEES 167854 115819 36663 15372 REPAIRS & MAINTENANCE 53426 36864 11669 4893 MEMBERSHIP & SUBSCRIPTI 21937 15137 4791 2009 26303 18361 5596 2346 2461376 1603280 645393 212703 1371394 1892989 2819927 3651596 165710 842103 3874 8874 8183626 0 8183570 8183626 7694174 11680538 20238649 26259726 239299 811920 608120 315570 6074412 9666313 1226137 1326057 8147968 12119860 X 4927105 7420187 7163576 6719679 12090681 14139866 20238649 26259726 1447695 601490 0 X 0 1 X 1 0 X 3132026 805525 6249394 2859894 2435666 15482505 3132026 805525 6249394 2859894 2435666 15482505 7762857 7719648 1482 1585 1958 31952 107831 144808 4099 14096 18033 181252 513998 731478 16358791 0.47190 0.45490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7163576 2846745 3290642 6719679 6475758 3106593 2418775 7163576 886491 6052776 463509 6475758 2345171 1458680 886491 716491 2165000 536320 2345171 0 0 7823901 7823901 359725 359725 8183626 CONSTRUCTION IN PROGRESS 11680538 11680538 CREDIT CARD PAYABLE 2771 ACCRUED INTEREST 1297 DUE TO URBAN REALTY DONNELLY PARTNERS 1201989 DUE TO INTOWN BUILDERS 20000 DUE TO ATLANTA LAND TRUST, INC. 100000 1326057 3909070 0 3909070 0 3909070 2461376 0 2461376 0 2461376 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, 2024, 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, 2021. X X X 1 PURPOSE POSSIBLE 581 GRANT STREET ATLANTA GA 30312 SEE SUPPLEMENT INFORMATION 0 0 64819 -64819 64819 -64819 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 : $64,819 X X X 0 0 0 0 0 0 0 1 0 AMANDA RHEIN EXECUTIVE DIRECTOR 190000 0 0 0 0 0 11601 0 11365 0 212966 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 426,401. MANAGEMENT AND GENERAL EXPENSES 134,978. FUNDRAISING EXPENSES 56,594. TOTAL EXPENSES 617,973. 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 4876989 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