2020-11-16T17:06:35-06:00 2019-12-31 135381590 BDO USA LLP 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2019-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 2063231227 2020-11-16 1 RAY HOLMDAHL P00120599 2063827777 2020-11-16 24.22.236.13 2020-11-16 15:39:51 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B411F393A9CAFE4F4D0499E0ADDE6C2813C362DC 2019 2021-01-29 14:40:06Z KATHLEEN HOSFELD 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 1553504 0 X WWW.HOMESTEADCLT.ORG X 1992 WA HOMESTEAD COMMUNITY LAND TRUST EMPOWERS INDIVIDUALS, STABILIZES FAMILIES AND STRENGTHENS NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR MODEST-INCOME HOMEBUYERS IN THE GREATER SEATTLE/PUGET SOUND AREA. 10 10 9 30 0 0 729593 1372766 179051 160451 20778 1 -13967 -11185 915455 1522033 828072 85392 0 0 414804 435571 1390 0 45898 242153 158219 1486419 679182 -570964 842851 14564764 16161237 10396992 11150614 4167772 5010623 X HOMESTEAD COMMUNITY LAND TRUST EMPOWERS INDIVIDUALS, STABILIZES FAMILIES AND STRENGTHENS NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR MODEST-INCOME HOMEBUYERS IN THE GREATER SEATTLE/PUGET SOUND AREA. 0 0 498562 85392 160451 TO CREATE AND PERMANENTLY PRESERVE AFFORDABLE HOME OWNERSHIP FOR MODEST INCOME HOUSEHOLDS PRICED OUT OF THE MARKETPLACE AND TO SUPPORT THEIR ONGOING SUCCESS THROUGH EDUCATION, COUNSELING, REFERRAL AND ADVOCACY. HOMESTEAD HAS ACCOMPLISHED THIS THROUGH THE FOLLOWING:1) PUTTING HOMEOWNERSHIP WITHIN REACH (ANNUAL REPORT):- HOMESTEAD HOMES ARE AFFORDABLE TO THOSE WHO MAKE LESS THAN 80% OF AREA MEDIAN INCOME. - MEDIAN PRICE HOMESTEAD HOME: $210,000 - MEDIAN PRICE SEATTLE: $770,000 - MEDIAN PRICE KING COUNTY: $550,000- SOURCES: LATEST PRICES AS OF DECEMBER 20192) SECURITY AND STABILITY OF HOMEOWNERSHIP: - MORE THAN 540 INDIVIDUALS NOW HAVE ACCESS TO THE SECURITY AND STABILITY OF HOMEOWNERSHIP, AND MORE THAN 160 ARE CHILDREN UNDER THE AGE OF 18.3) EQUITY GAINS: - OVER HALF, 54%, OF HOMESTEAD HOMEOWNING HOUSEHOLDS ARE HOUSEHOLDS OF COLOR.- AVERAGE AREA MEDIAN INCOME (AMI), ADJUSTED FOR HOUSEHOLD SIZE OF CURRENT HOMESTEAD HOMEOWNERS IS 57%. - HOMESTEAD HOMEOWNERS ARE INDIVIDUALS (32%) AND FAMILIES (68%).4) CREATING JOBS AND ECONOMIC GROWTH (ANNUAL REPORT). OUR 216 HOMES HAVE CONTRIBUTED TO THE ECONOMY: - JOBS 594 - WAGES $12,400,000 - BUSINESS INCOME $3,600,000 - TAX REVENUE $1,100,000 - ESTIMATED BASED ON NATIONAL ASSOCIATION OF HOME BUILDERS STATISTICS (2016) 498562 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 17 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 NO 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 50.00 X 120510 0 0 ROSS MURAMOTO FINANCE MANAGER 21.00 X 38421 0 0 ARIC HO PRESIDENT 3.50 X X 0 0 0 ESTHER HANDY VICE PRESIDENT 3.00 X X 0 0 0 BRIAN CHU TREASURER 3.00 X X 0 0 0 SARAH LEWONTIN SECRETARY 3.00 X X 0 0 0 JOY GARLIN HUNT BOARD MEMBER 3.00 X 0 0 0 REBECCA GOBEILLE BOARD MEMBER 3.00 X 0 0 0 ELI KAUFMAN BOARD MEMBER 3.00 X 0 0 0 REBECCA LANE BOARD MEMBER 3.00 X 0 0 0 KEVIN LYNN BOARD MEMBER 3.00 X 0 0 0 SUSAN ZEMAN BOARD MEMBER 3.00 X 0 0 0 158931 0 0 1 0 0 0 HOSFELD AND ASSOCIATES 4420 SW LANDER STREET SEATTLE WA 98116 EXECUTIVE DIRECTOR 120510 1 46838 37500 1288428 1050000 1372766 LEASE FEE PAYMENTS 531110 107293 107293 PROJECT DEVELOPMENT 531390 44144 44144 QUALIFICATION SERVICES 900099 5445 5445 NOVA HOA FEE 900099 3569 3569 160451 1 1 20286 46838 31471 -11185 -11185 1522033 160451 0 -11184 85392 85392 158932 109594 34274 15064 207608 157367 44099 6142 2226 1597 573 56 35343 25366 9095 882 31462 22581 8096 785 5976 4525 1159 292 20099 15218 3899 982 27287 12100 14873 314 1739 1252 418 69 11491 8271 2761 459 9654 6949 2320 385 44801 33921 8691 2189 225 162 54 9 848 610 204 34 3846 2912 746 188 2141 1621 415 105 FUNDRAISING EXPENSES 17437 17437 MISCELLANEOUS 8294 5971 1992 331 DUES & SUBSCRIPTIONS 4381 3153 1053 175 679182 498562 134722 45898 681872 308796 695 695 18650 14969 334411 13334 11334 3578 1200 14828764 7742 13686022 14821022 164294 665129 14564764 16161237 102397 65338 10208735 10979930 85860 105346 10396992 11150614 X 3878903 5010623 288869 0 4167772 5010623 14564764 16161237 842851 0 X 0 1 X 1 1 1 X 629090 894593 438230 729593 1372766 4064272 629090 894593 438230 729593 1372766 4064272 674136 3390136 1954 16 4 2 1 1977 7054 7054 4073303 722110 0.83230 0.81300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS ENERGY REBATE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14821022 14821022 7742 7742 0 14821022 CASH HELD IN RESERVE FOR HOA 105346 105346 1522033 0 1522033 0 1522033 679182 0 679182 0 679182 DINNER PARTY 50750 34424 16326 500 16326 8236 HOME GAMES 16374 12414 3960 3960 599 1850 67124 46838 20286 500 20286 599 10086 31471 -11185 1 ASSISTANCE TO PAY FOR CONSTRUCTION COSTS TO REPAIR WATER DAMANGE DUE TO CONSTRUCTION DEFECTS. 65 85392 FMV PAYMENTS WERE MADE DIRECTLY TO A CONTRACTOR TO MAKE THE CONSTRUCTION REPAIRS FOR BENEFIT THE PREVIOUS HOMEOWNERS. PART I, LINE 2: HOMESTEAD SECURED AND DISTRIBUTED GRANT FUNDS TO PAY FOR THE REPAIRS OF THE CONSTRUCTION DEFECTS. HOMESTEAD IS WORKING WITH THE HOA TO MAKE SURE ALL HOMES THAT WERE AFFECTED BY THE DEFECTS ARE RESTORED. X LAND CONTRIBUTION 1 1050000 FMV 0 0 0 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 THE EXECUTIVE DIRECTOR, FINANCE MANAGER, OFFICE MANAGER AND 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 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. COLUMBIA 26 LLC FKA HCLT WOLCOTT LLC 412 MAYNARD AVE S 201 SEATTLE WA 98104 273621947 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA 2451 0 HOMESTEAD COMMUNITY LAND TRUST HOMESTEAD REBUILDING COMMUNITIES 412 MAYNARD AVE S 201 SEATTLE WA 98104 455180363 RENOVATE DISTRESSED PROPERTIES WA 0 0 HOMESTEAD COMMUNITY LAND TRUST YAKIMA AVENUE DEVELOPMENT PARTNERS LLC 412 MAYNARD AVE S 201 SEATTLE WA 98104 851116031 REAL ESTATE WA CONTROL OVER THE LLC IS SHARED BETWEEN THE TWO OWNERS N/A 172087 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0