HOMESTEAD COMMUNITY LAND TRUST: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- HOMESTEAD COMMUNITY LAND TRUST (EIN 91-1565651)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349329019
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T19:04:39-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 912011386 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACOBSON JARVIS & CO PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 FIRST AVENUE WEST SUITE 200 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 981194219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911565651 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESTEAD COMMUNITY LAND TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOME | BusinessNameControlTxt |
| Phone | 2063231227 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 412 MAYNARD AVE S NO 201 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHLEEN HOSFELD | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2063231227 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KATHLEEN | PersonFirstNm |
| Person Last | HOSFELD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HOWARD DONKIN CPA | PreparerPersonNm |
| PTIN | P00147726 | PTIN |
| Phone | 2066288990 | PhoneNum |
| Preparation | 2021-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KATHLEEN HOSFELD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 412 MAYNARD AVE S NO 201 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,342,321 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOMESTEADCLT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | TO EMPOWER INDIVIDUALS, STABILIZE FAMILIES, AND STRENGTHEN NEIGHBORHOODS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 8 | TotalEmployeeCnt |
| Total Volunteers | 48 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,372,766 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,096,885 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $160,451 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $225,139 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,069 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$11,185 | PYOtherRevenueAmt |
| CY Other Revenue | $12,875 | CYOtherRevenueAmt |
| PY Total Revenue | $1,522,033 | PYTotalRevenueAmt |
| CY Total Revenue | $1,337,968 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $85,392 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $435,571 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $538,161 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $41,673 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $158,219 | PYOtherExpensesAmt |
| CY Other Expenses | $285,479 | CYOtherExpensesAmt |
| PY Total Expenses | $679,182 | PYTotalExpensesAmt |
| CY Total Expenses | $823,640 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $842,851 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $514,328 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,161,237 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,239,411 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,150,614 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,755,461 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,010,623 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,483,950 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO EMPOWER INDIVIDUALS, STABILIZE FAMILIES, AND STRENGTHEN NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR MODEST INCOME HOMEBUYERS IN THE SEATTLE AREA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $646,346 | ExpenseAmt |
| Revenue | $228,063 | RevenueAmt |
| Desc | WITH ITS 29 YEARS OF SERVICE TO THE PUGET SOUND AREA, HOMESTEAD COMBINES HOUSING DEVELOPMENT WITH COUNSELING, EDUCATION, AND OTHER SUPPORT ACTIVITIES TO CREATE A GROWING INVENTORY OF PERMANENTLY AFFORDABLE HOMES. EVERY HOME WE DEVELOP AND SELL AT AN AFFORDABLE PRICE TO AN INCOME-QUALIFIED BUYER IS KEPT AFFORDABLE TO ALL FUTURE BUYERS THROUGH THE COMMUNITY LAND TRUST. WE PROVIDE RESIDENTS WHO KEEP OUR COMMUNITY VITAL -- INCLUDING MAIL CARRIERS, GROCERY CLERKS, SOCIAL WORKERS AND TEACHERS -- THE OPPORTUNITY TO GAIN STABILITY FOR THEIR FAMILIES, SAFELY ACCRUE EQUITY, AND PUT DOWN ROOTS IN THEIR COMMUNITIES. FROM PRE-PURCHASE COUNSELING, HOMEBUYER READINESS, DOWN PAYMENT ASSISTANCE, SUPPORT THROUGH THE PURCHASE CLOSING PROCESS, TO ONGOING SUPPORT AND STEWARDSHIP POST-PURCHASE HOMESTEAD SUPPORTS LONG-TERM HOMEOWNER SUCCESS. OUR PRE-PURCHASE COUNSELING SERVICES REACH 300 PROSPECTIVE HOMEBUYERS PER YEAR. HOMESTEAD CURRENTLY STEWARDS A PORTFOLIO OF OVER 200 HIGH-QUALITY, AFFORDABLE, OWNER-OCCUPIED HOMES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WHEN INDIVIDUALS AND FAMILIES ACHIEVE HOMEOWNERSHIP, THEY ARE NO LONGER SUBJECT TO DISPLACEMENT DUE TO RENT INCREASES, BUILDING SALES OR THE LANDLORD LOSING THE HOUSE IN FORECLOSURE. THEIR RESOURCES ARE NO LONGER TIED UP IN EXCESSIVE COMMUTING, PAYING HIGH RENT OR SERIAL, FREQUENT RELOCATION. THIS INCREASED STABILITY CONTRIBUTES TO HEALTHIER COMMUNITIES, ALLOWING HOUSEHOLDS TO INVEST MORE DEEPLY IN CIVIC ENGAGEMENT AND BUILD STRONGER CONNECTIONS WITH NEIGHBORS, IN ADDITION TO KEEPING CHILDREN IN THE SAME SCHOOL DISTRICT THROUGHOUT THE COURSE OF THEIR EDUCATION. WHEN PEOPLE LIVE NEAR JOB CENTERS AND EXTENDED FAMILY AND FRIENDS, THEIR INTERPERSONAL NETWORKS STRENGTHEN THE FABRIC OF THE COMMUNITY. IN ADDITION, HOMES PURCHASED THROUGH HOMESTEAD HELP TO STABILIZE THE LOCAL HOUSING MARKET IN THE MIDST OF CONSTANT FLUCTUATIONS, WHICH FINANCIALLY STRENGTHENS THE BROADER COMMUNITY. IN FACT, ACROSS THE COUNTRY, COMMUNITY LAND TRUST HOMEOWNERS, LIKE HOMESTEAD HOMEOWNERS, ARE TEN TIMES LESS LIKELY TO EXPERIENCE FORECLOSURE, PROTECTING NEIGHBORHOODS FROM THE HIGH VACANCY RATES, LOSS OF PROPERTY TAX INCOME AND BLIGHT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNLIKE THE TRADITIONAL HOUSING MARKET, HOMESTEAD HOMES REMAIN AFFORDABLE FOR EVERY NEW BUYER. THIS MEANS EACH DOLLAR SPENT ON A HOMESTEAD HOME IS A LIFETIME INVESTMENT TOWARDS SUSTAINABLE HOMEOWNERSHIP AND COMMUNITY STABILITY. THERE IS NO NEED TO INVEST ADDITIONAL PUBLIC AND PRIVATE FUNDS TO KEEP HOMES AFFORDABLE AT RESALE. OUR HOMEOWNERS, AS STEWARDS OF THIS INVALUABLE RESOURCE, ARE BOTH THE KEY INVESTORS AND THE BENEFICIARIES, HELPING TO PRESERVE A LEGACY OF AFFORDABLE HOUSING BOTH FOR THEIR FAMILIES AND THEIR COMMUNITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $646,346 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 8 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATHLEEN HOSFELD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2063231227 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 412 MAYNARD AVE S NO 201 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| KATHLEEN HOSFELD | ||||||
| EXECUTIVE DIRECTOR | 60.00 | Yes (X) | $120,510 | $0 | $0 | |
| ROSS MURAMOTO | ||||||
| FINANCE MANAGER | 21.00 | Yes (X) | $63,638 | $0 | $0 | |
| ARIC HO | ||||||
| PRESIDENT | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| REBECCA GOBEILLE | ||||||
| VICE PRESIDENT | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRIAN CHU | ||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SARAH LEWONTIN | ||||||
| SECRETARY | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ELI KAUFMANN | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| REBECCA LANE | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| SUSAN ZEMEN | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| JOY GARLIN HUNT | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| JASMINE JONES | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL SMITH | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| CHERRYL JACKSON-WILLIAMS | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| JANELLE ROTHFOLK | ||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $184,148 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOSFELD AND ASSOCIATES | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4420 SW LANDER ST | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | EXECUTIVE DIRECTOR | ServicesDesc |
| Compensation | $120,510 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $28,000 | FundraisingAmt |
| Government Grants | $65,267 | GovernmentGrantsAmt |
| All Other Contributions | $1,003,618 | AllOtherContributionsAmt |
| Total Contributions | $1,096,885 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LEASE FEES | 531110 | $111,551 | $111,551 |
| RESALE FEES | 531390 | $96,288 | $96,288 |
| BOOKKEEPING FEES | 900099 | $17,300 | $17,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $225,139 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $145 | TotalRevenueColumnAmt |
| Exclusion | $145 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,924 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,924 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,924 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,924 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $16,506 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $28,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $4,353 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,153 | TotalRevenueColumnAmt |
| Exclusion | $12,153 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $722 | TotalRevenueColumnAmt |
| Exclusion | $722 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $722 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,337,968 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $228,063 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,020 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,148 | TotalAmt |
| Program Services | $122,236 | ProgramServicesAmt |
| Management And General | $49,404 | ManagementAndGeneralAmt |
| Fundraising | $12,508 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,037 | TotalAmt |
| Program Services | $228,705 | ProgramServicesAmt |
| Management And General | $47,711 | ManagementAndGeneralAmt |
| Fundraising | $7,621 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,422 | TotalAmt |
| Program Services | $28,831 | ProgramServicesAmt |
| Management And General | $8,148 | ManagementAndGeneralAmt |
| Fundraising | $1,443 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,554 | TotalAmt |
| Program Services | $23,644 | ProgramServicesAmt |
| Management And General | $7,218 | ManagementAndGeneralAmt |
| Fundraising | $692 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,405 | TotalAmt |
| Program Services | $34,067 | ProgramServicesAmt |
| Management And General | $6,625 | ManagementAndGeneralAmt |
| Fundraising | $4,713 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,888 | TotalAmt |
| Program Services | $175,377 | ProgramServicesAmt |
| Management And General | $7,533 | ManagementAndGeneralAmt |
| Fundraising | $3,978 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,586 | TotalAmt |
| Program Services | $33,486 | ProgramServicesAmt |
| Management And General | $8,982 | ManagementAndGeneralAmt |
| Fundraising | $2,118 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SPECIAL EVENTS | Desc |
| Total | $8,600 | TotalAmt |
| Fundraising | $8,600 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $823,640 | TotalAmt |
| Program Services | $646,346 | ProgramServicesAmt |
| Management And General | $135,621 | ManagementAndGeneralAmt |
| Fundraising | $41,673 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,796 | BOYAmt |
| EOY | $1,344,546 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $695 | BOYAmt |
| EOY | $695 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,650 | BOYAmt |
| EOY | $18,444 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,411 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,334 | BOYAmt |
| EOY | $9,334 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,200 | BOYAmt |
| EOY | $9,814 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,728,648 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,742 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,821,022 | BOYAmt |
| EOY | $17,720,906 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $665,129 | BOYAmt |
| EOY | $5,135,672 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,161,237 | BOYAmt |
| EOY | $24,239,411 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,338 | BOYAmt |
| EOY | $748,692 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,979,930 | BOYAmt |
| EOY | $8,884,564 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,346 | BOYAmt |
| EOY | $122,205 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,150,614 | BOYAmt |
| EOY | $9,755,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,010,623 | BOYAmt |
| EOY | $14,133,950 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $350,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,010,623 | BOYAmt |
| EOY | $14,483,950 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,161,237 | BOYAmt |
| EOY | $24,239,411 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $514,328 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $8,958,999 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $894,593 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,438,230 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $729,593 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,372,766 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,096,885 | CurrentTaxYearAmt |
| Total | $5,532,067 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $894,593 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,438,230 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $729,593 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,372,766 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,096,885 | CurrentTaxYearAmt |
| Total | $5,532,067 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,318,538 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,213,529 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $145 | CurrentTaxYearAmt |
| Total | $168 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $722 | CurrentTaxYearAmt |
| Total | $722 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,532,957 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,850,013 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.58080 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83230 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,720,906 | OtherCostOrOtherBasisAmt |
| Book Value | $17,720,906 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,742 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,742 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $17,720,906 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HOMES INVENTORY | Desc |
| Book Value | $5,135,672 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,135,672 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CASH HELD IN RESERVE | Desc |
| Amt | $122,205 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $122,205 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,337,968 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,337,968 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,337,968 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $823,640 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $823,640 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $823,640 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DINNER PARTY | Event1Nm |
| Gross Receipts Event1 | $44,506 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $28,000 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $16,506 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $4,353 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $44,506 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $28,000 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $16,506 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,353 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $4,353 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $12,153 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD AND MEMBERS MUST APPROVE BYLAW CHANGES, SELLING ASSETS, 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 | NORMALLY, 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. THIS YEAR, THE DRAFT 990 WAS SUBMITTED FOR REVIEW ON THE SATURDAY BEFORE THE MONDAY DUE DATE. THE RETURN WAS SUBMITTED TO THE BOARD OF DELEGATES AND FINANCE COMMITTEE PRIOR TO SUBMISSION BUT WITHOUT SUFFICIENT TIME FOR A THOROUGH REVIEW. A LIMITED REVIEW WAS COMPLETED BY THE FINANCE MANAGER, EXECUTIVE DIRECTOR, BUSINESS MANAGER AND BOARD PRESIDENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, KEY EMPLOYEES, AND BOARD MEMBERS SIGN THE STATEMENT ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD REVIEWS AND APPROVES COMPENSATION BASED ON COMPARABLE DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | OUR ARTICLES OF INCORPORATION, BYLAWS, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE ON OUR WEBSITE. OTHER DOCUMENTS ARE PROVIDED UPON REQUEST. |
| FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENTS: | EFFECTIVE JANUARY 1, 2020, HOMESTEAD ADOPTED THE PROVISIONS OF ASU 2018-08, CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. THIS UPDATE TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDED GUIDANCE ON THE ACCOUNTING TREATMENT AND REPORTING OF CONDITIONAL CONTRIBUTIONS. IN ADOPTING THE NEW GUIDANCE, HOMESTEAD TOOK A PROSPECTIVE APPROACH UNDER WHICH THE NEW GUIDANCE IS TO BE APPLIED TO ANY INCOMPLETE OR NEW AGREEMENTS. CONSISTENT WITH THE GUIDANCE, HOMESTEAD APPLIED A PREVIOUSLY-PERMISSIBLE "PROBABILITY TEST" TO DETERMINE WHICH COMPLETED CONDITIONAL AGREEMENTS WERE HIGHLY-LIKELY TO BE SATISFIED. FOR THOSE FORGIVABLE LOANS MEETING THE CRITERIA, HOMESTEAD RELIEVED THE LIABILITY AND RECOGNIZED CONTRIBUTIONS IN THE TOTAL AMOUNT OF FORGIVEN LOANS. CONCURRENT WITH ADOPTION OF ASU 2018-08, HOMESTEAD REMOVED $8,958,999 OF FORGIVABLE LOANS FROM ITS BOOKS AND RECOGNIZED AN EQUAL AMOUNT OF CONTRIBUTIONS, REPORTED AS "ADOPTION OF ACCOUNTING PRINCIPLE" ON THE STATEMENT OF ACTIVITIES. IN ACCORDANCE WITH THE TERMS OF THE AGREEMENTS WITH COMMUNITY FRAMEWORKS, THIS CHANGE IN POLICY HAS NOT BEEN APPLIED TO REFUNDABLE ADVANCES FROM THAT ENTITY. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|
| 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 | DEVELOPMENT PROJECT AND AFFORDABLE HOUSING | WA | HOMESTEAD COMMUNITY LAND TRUST |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAKIMA AVENUE DEVELOPMENT PARTNERS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 412 MAYNARD AVE S STE 201 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 851116031 | EIN |
| Primary Activities | CONTROL OVER THE LLC IS SHARED BETWEEN THE TWO OWNERS | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.50000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments