2014-08-15T12:46:37-05:00 2013-12-31 910605875 PETERSON SULLIVAN LLP CPA'S 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2013-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 SHELDON COOPER EXECUTIVE DIRECTOR 2063231227 2014-08-14 1 RAYMON G HOLMDAHL P00120599 2063827777 2014-08-14 2013 2015-11-30 17:44:51Z SHELDON COOPER 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 2205686 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 SEATTLE AREA. 11 11 9 94 0 0 1536926 408372 139192 83281 64484 232785 -2636 -2525 1737966 721913 0 0 0 0 350920 480200 0 0 39581 143695 214453 494615 694653 1243351 27260 12814300 17410620 7278154 11847214 5536146 5563406 HOMESTEAD COMMUNITY LAND TRUST EMPOWERS INDIVIDUALS, STABILIZES FAMILIES AND STRENGTHENS NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR MODEST-INCOME HOMEBUYERS IN THE SEATTLE AREA. 0 0 482547 317551 TO CREATE AND PERMANENTLY PRESERVE AFFORDABLE HOMEOWNERSHIP FOR LOW AND MODERATE INCOME HOUSEHOLDS PRICED OUT OF THE MARKETPLACE AND TO SUPPORT THEIR ONGOING SUCCESS THROUGH EDUCATION, COUNSELING, REFERRAL AND ADVOCACY. HOMESTEAD HAD 162 HOMES IN ITS PORTFOLIO AT THE END OF 2013. TEN OF THE HOMES WERE BROUGHT INTO THE PORTFOLIO THROUGH OUR PROGRAM OF PURCHASING AND REHABILITATING DISTRESSED PROPERTIES AND MAKING THEM AVAILABLE TO QUALIFYING MODEST INCOME HOUSEHOLDS THROUGH OUR HOMEOWNERSHIP PROGRAM. 482547 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 25 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 1 1 0 X SHELDON COOPER 2063231227 412 MAYNARD AVE S SEATTLE WA 98104 JOHN BIANCHI PRESIDENT 3.00 X X 0 0 0 SARAH SAUSNER VICE PRESIDENT 3.00 X X 0 0 0 TIM MORLEY TREASURER 3.00 X X 0 0 0 DIANNE WASSON SECRETARY 3.00 X X 0 0 0 KEN TANZER BOARD MEMBER 2.00 X 0 0 0 RACHAEL MYERS BOARD MEMBER 2.00 X 0 0 0 RAND REDLIN BOARD MEMBER 2.00 X 0 0 0 TONY CASE BOARD MEMBER 2.00 X 0 0 0 AMANDA LICORISH BOARD MEMBER 2.00 X 0 0 0 ARTHUR SCHIFFER BOARD MEMBER 2.00 X 0 0 0 GEOV PARRISH BOARD MEMBER 2.00 X 0 0 0 SHELDON COOPER EXECUTIVE DIRECTOR 40.00 X 75350 0 5294 75350 0 5294 0 0 0 0 REHABITAT NORTHWEST 41604 SE 13ST NORTH BEND WA 98045 GENERAL CONTRACTOR 720040 GALL CONSTRUCTION PO BOX 731911 PUYALLUP WA 98373 GENERAL CONTRACTOR 296241 2 40601 85427 282344 408372 LEASE PAYMENTS 531110 66679 66679 PROJECT DEVELOPMENT 531390 16297 16297 REBATES AND REFUNDS 531390 305 305 83281 565 565 2050 0 2050 2050 2050 1709363 1477143 232220 232220 232220 2055 40601 6630 -4575 -4575 721913 317551 0 -4010 80644 58870 16935 4839 321002 234331 67411 19260 42333 30903 8890 2540 36221 26442 7606 2173 5043 3681 1059 303 20558 20558 37585 27437 7893 2255 4166 3041 875 250 11952 8728 2512 712 17378 12687 3649 1042 34315 25050 7206 2059 7231 5279 1518 434 10131 7396 2128 607 5500 4012 1153 335 12159 12159 DEVELOPMENT COSTS 29623 21626 6220 1777 MISCELLANEOUS 11775 7927 3275 573 MILEAGE AND PARKING 3806 2778 800 228 DUES AND SUBSCRIPTIONS 3231 2359 678 194 694653 482547 172525 39581 207579 327837 887024 287587 15817 65283 23020 37555 965754 3855246 26016 57087 12787767 7742 10689090 12780025 12814300 17410620 44031 158015 7234123 11689199 7278154 11847214 X 4268404 4466088 1267742 1097318 5536146 5563406 12814300 17410620 27260 0 X X 0 1 X 1 1 1 X 983612 1195412 600712 1536926 408372 4725034 983612 1195412 600712 1536926 408372 4725034 1154546 3570488 1010 440 201 650 2615 4916 25 4 35 901 965 4730915 666330 0.75470 0.79400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 1414 1 117 0 1531 0 PART II-B, LINE 1: TALKING TO CITY AND STATE OFFICIALS ABOUT AFFORDABLE HOUSING ISSUES. 12780025 12780025 7742 7742 0 12780025 HOME GAMES 2013 42656 40601 2055 68 1937 2424 500 1701 42656 40601 2055 68 1937 2424 500 1701 6630 -4575 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 BYLAWS 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 11 THE EXECUTIVE DIRECTOR, BOOKKEEPER, AND TREASURER REVIEW THE 990 AND COMPARES TO THE FINANCIAL STATEMENTS. 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 15 THE BOARD REVIEWS AND APPROVES COMPENSATION BASED ON COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I AND PART IX THE COSTS OF PROVIDING THE VARIOUS PROGRAMS AND OTHER ACTIVITIES HAVE BEEN SUMMARIZED ON A FUNCTIONAL BASIS IN THE STATEMENTS OF ACTIVITIES. ACCORDINGLY, CERTAIN COSTS HAVE BEEN ALLOCATED AMONG PROGRAMS AND SUPPORTING SERVICES BENEFITED. HOMESTEAD'S EXPENDITURES GENERALLY RELATED TO ITS OPERATING EXPENSES AND THE PURCHASE OF LAND FOR ITS PROGRAMS. IF REVENUE RECOGNIZED THAT WAS RELATED TO LAND PURCHASE WAS CONSIDERED AN EXPENSE, HOMESTEAD'S RATIO OF PROGRAM EXPENSES TO TOTAL EXPENSES (ON ITS STATEMENT OF FUNCTIONAL EXPENSES) WOULD BE SIGNIFICANTLY HIGHER. FOR 2013, THIS RESULTS IN PROGRAM SERVICE EXPENSES REPORTED AT 70% OF TOTAL EXPENSES, BUT WHEN THESE COSTS ARE INCLUDED, HOMESTEAD DEDICATED 72% OF ITS REVENUES TO PROGRAM RELATED SERVICES. LIKEWISE, EXPENSES RELATED TO MANAGEMENT AND GENERAL AND FUNDRAISING AS A PERCENTAGE OF OVERALL EXPENSES ARE SKEWED SIGNIFICANTLY UPWARD TO 24%, WHERE THEY WOULD BE 22% IF THE VALUE OF LAND PURCHASES WERE TREATED AS AN EXPENSE. COLUMBIA 26 LLC FKA HCLT WOLCOTT LLC 412 MAYNARD AVE S 201 SEATTLE WA 98104 911565651 DEVELOP AND REHABILITATE AFFORDABLE HOUSING WA -20737 4382232 HOMESTEAD COMMUNITY LAND TRUST HOMESTEAD REBUILDING COMMUNITIES 412 MAYNARD AVE S 201 SEATTLE WA 98104 455180363 RENOVATE DISTRESSED PROPERTIES WA 199311 1734577 HOMESTEAD COMMUNITY LAND TRUST