2018-11-14T18:12:28-06:00 2017-12-31 910605875 PETERSON SULLIVAN LLP CPA'S 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2017-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 2063231227 2018-11-14 1 RAY HOLMDAHL P00120599 2063827777 2018-11-14 38.100.226.178 2018-11-14 14:28:35 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A272B792B793EC1E877CF5E4667DA94DDB04F032 2017 2019-02-21 02:37:17Z KATHLEEN HOSFELD 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 2237033 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 7 30 0 0 894593 1438230 125289 133768 763778 150885 -4908 -28333 1778752 1694550 0 182916 0 0 321104 371760 0 8293 108994 1642515 455271 1963619 1018240 -184867 676310 14986371 15193847 10885293 10416459 4101078 4777388 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 765768 182916 284649 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: $189,900 - MEDIAN PRICE SEATTLE: $820,000 - MEDIAN PRICE KING COUNTY: $777,000- SOURCES: HOMESTEAD AUGUST 2018, SEATTLE TIMES, MULTIPLE LISTING SERVICES MARCH-MAY 20182) SECURITY AND STABILITY OF HOMEOWNERSHIP: - MORE THAN 252 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 215 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) 765768 1 1 0 1 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 0 0 0 0 1 0 0 0 0 1 20 0 1 7 1 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 0 1 0 0 X KATHLEEN HOSFELD 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 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 JASON KNAGGS SECRETARY 3.00 X X 0 0 0 CHRIS FRANCIS BOARD MEMBER 3.00 X 0 0 0 DAVID GARCIA 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 SARAH RICK LEWONTIN BOARD MEMBER 3.00 X 0 0 0 SUSAN ZEMAN BOARD MEMBER 3.00 X 0 0 0 KATHLEEN HOSFELD EXECUTIVE DIRECTOR 60.00 X 117000 0 0 117000 0 0 1 0 0 0 WEST CORP CONTSTUCTION 227 BELLEVUE WAY NE 177 BELLEVUE WA 98004 RESTORATION OF WATER DAMAGED UNITS 182916 1 69382 1368848 1438230 LEASE FEE PAYMENTS 531110 105493 105493 PROJECT DEVELOPMENT 531390 24000 24000 NOVA HOA FEE 900099 3600 3600 APPLICATION FEE 900099 675 675 133768 4 4 654203 503322 150881 150881 150881 10828 69382 39161 -28333 -28333 1694550 284649 0 -28329 182916 182916 117000 70083 21879 25038 213128 127663 39855 45610 1375 824 257 294 17213 10311 3218 3684 23044 13803 4310 4931 16045 16045 22132 22132 8293 8293 70446 23886 44014 2546 2875 2118 757 11098 8177 2921 8897 6555 2342 38412 23009 7183 8220 3817 2812 1005 9028 9028 2669 1599 499 571 PROJECT DEVELOPMENT 137454 137454 HOME CLOSING SUBSIDY 114900 114900 MISCELLANEOUS 17498 14585 131 2782 1018240 765768 143478 108994 611037 1380205 1092 1021 74829 44079 288073 8842 17333 15334 1905 11276 13522837 7742 13495095 13515095 497007 217995 14986371 15193847 119447 89871 10704130 10247186 61716 79402 10885293 10416459 X 3873608 3690304 227470 1087084 4101078 4777388 14986371 15193847 676310 0 X 0 1 X 1 1 1 X 408372 928193 629090 894593 438230 3298478 408372 928193 629090 894593 438230 3298478 619904 2678574 2615 2468 1954 16 4 7057 1134 7054 8188 3313723 593357 0.80830 0.90700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS ENERGY REBATE SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH DATE: 10/02/18 AMOUNT: 1000000. 1 0 0 0 0 0 1 1 0 0 0 PART II-B, LINE 1: TALKING TO CITY AND STATE OFFICIALS ABOUT AFFORDABLE HOUSING ISSUES. 13515095 13515095 7742 7742 0 13515095 CASH HELD IN RESERVE FOR HOA 79402 79402 1697876 3326 3326 1694550 0 1694550 1021566 3326 3326 1018240 0 1018240 PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENTS NETTED WITH REVENUE 3,326. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENTS NETTED WITH REVENUE 3,326. GALA 56295 47065 9230 5250 10969 4286 7230 HOME GAMES 17542 15944 1598 1693 1581 599 3254 3 6373 6373 4299 80210 69382 10828 6943 12550 4885 14783 39161 -28333 1 ASSISTANCE TO PAY FOR CONSTRUCTION COSTS TO REPAIR WATER DAMANGE 65 182916 FMV PART I, LINE 2: HOMESTEAD PAID GRANTS TO THE VALTERRA HOA, AS THERE WAS WATER DAMAGE ON THE VALTERRA UNITS PREVIOUSLY SOLD BY HOMESTEAD. THE HOA IS RESPONSIBLE FOR MAINTENANCE RELATED TO THIS WATER DAMAGE, BUT HOMESTEAD IS MAKING CONTRIBUTIONS TO THE PROJECT TO BENEFIT THE PREVIOUS HOMEOWNERS. 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 COMMITTEES MAKE RECOMMENDATIONS TO THE FULL BOARD. THE FULL BOARD MAKES THE DECISIONS. 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 AVAILABLE UPON REQUEST. COLUMBIA 26 LLC FKA HCLT WOLCOTT LLC 412 MAYNARD AVE S 201 SEATTLE WA 98104 273621947 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA 185 18114 HOMESTEAD COMMUNITY LAND TRUST HOMESTEAD REBUILDING COMMUNITIES 412 MAYNARD AVE S 201 SEATTLE WA 98104 455180363 RENOVATE DISTRESSED PROPERTIES WA 5796 152428 HOMESTEAD COMMUNITY LAND TRUST