2013-11-15T11:05:44-06:00 2012-12-31 910605875 PETERSON SULLIVAN LLP CPA'S 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2012-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 SHELDON COOPER 2063231227 2013-11-14 1 RAYMON G HOLMDAHL P00120599 2063827777 2013-11-14 2012 2016-02-25 16:41:14Z SHELDON COOPER 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 2027830 0 X WWW.HOMESTEADCLT.ORG X 1992 WA TO CREATE AND PERMANENTLY PERSERVE AFFORDABLE HOMEOWNERSHIP FOR LOW AND MODERATE INCOME HOUSEHOLDS PRICED OUT OF THE MARKETPLACE AND SUPPORT THEIR ONGOING SUCCESS THROUGH EDUCATION, COUNSELING, REFERRAL AND ADVOCACY. 11 11 9 65 0 0 600712 1536926 163670 139192 410564 64484 35 -2636 1174981 1737966 0 0 0 0 222483 350920 0 0 23016 85589 143695 308072 494615 866909 1243351 9464961 12814300 5172166 7278154 4292795 5536146 TO CREATE AND PERMANENTLY PERSERVE AFFORDABLE HOMEOWNERSHIP FOR LOW AND MODERATE INCOME HOUSEHOLDS PRICED OUT OF THE MARKETPLACE AND SUPPORT THEIR ONGOING SUCCESS THROUGH EDUCATION, COUNSELING, REFERRAL AND ADVOCACY. 0 0 295219 203026 TO CREATE AND PERMANENTLY PERSERVE 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 149 HOMES IN ITS PORTFOLIO AT THE END OF 2012 AND EXPECTS TO HAVE OVER 170 BY THE END OF 2013. DURING 2012, HOMESTEAD ASSISTED 18 HOUSEHOLDS TO PURCHASE THEIR FIRST HOMES. IN 2012, HOMESTEAD ADDED A PROGRAM OF PURCHASING AND REHABILITATING DISTRESSED PROPERTIES TO BE AVAILABLE TO LOW AND MODERATE INCOME HOUSEHOLDS THROUGH ITS HOMEOWNERSHIP PROGRAM AND ADDED TO ITS LAND TRUST PORTFOLIO. 295219 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 1 0 0 0 1 0 0 0 0 1 22 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 1 1 0 X X SHELDON COOPER 2063231227 412 MAYNARD AVE S SEATTLE WA 98104 DIANNE WASSON 2.00 X X 0 0 0 SIOBHAN RING 2.00 X X 0 0 0 JOHN BIANCHI 2.00 X X 0 0 0 SARAH SAUSNER 2.00 X X 0 0 0 AMANDA LICORISH 2.00 X 0 0 0 SUSAN BOYD 2.00 X 0 0 0 DARCY JUAREZ 2.00 X 0 0 0 GEOV PARRISH 2.00 X 0 0 0 RACHAEL MYERS 2.00 X 0 0 0 TONY CASE 2.00 X 0 0 0 TIM MORLEY 2.00 X 0 0 0 SALENA SCOTTI 2.00 X 0 0 0 SHELDON COOPER 40.00 X 70000 0 4609 70000 0 4609 0 0 0 0 REHABITAT NORTHWEST 41604 SE 13ST NORTH BEND WA 98045 GENERAL CONTRACTOR 196122 1 39655 1189906 307365 74500 1536926 PROJECT DEVELOPMENT 531390 72735 72735 LEASE PAYMENTS 531110 59566 59566 REBATES AND REFUNDS 531390 6891 6891 139192 650 650 348286 284452 63834 63834 63834 1875 39655 5412 -3537 -3537 MISCELLANEOUS 900099 901 901 901 1737966 203026 0 -1986 74609 47004 23875 3730 228544 143983 73133 11428 21759 13708 6963 1088 26008 16385 8323 1300 10734 6762 3435 537 24355 24355 13149 8284 4208 657 2937 1850 940 147 6665 4199 2132 334 12426 7828 3977 621 21336 13442 6827 1067 10439 6577 3341 521 6721 4234 2151 336 1307 824 418 65 4182 4182 MISCELLANEOUS 19712 14008 5006 698 BANK SERVICE CHARGES 3357 2115 1074 168 DUES AND SUBSCRIPTIONS 3340 2104 1069 167 MILEAGE AND PARKING 3035 1912 971 152 494615 295219 176380 23016 487605 207579 392247 887024 24348 15817 1909 23020 965754 3912 26016 10691331 2241 8554940 10689090 9464961 12814300 60417 44031 5111749 7234123 5172166 7278154 X 4052703 4268404 240092 1267742 4292795 5536146 9464961 12814300 1243351 0 X X 0 1 X 1 1 1 X 688959 983612 1195412 600712 1536926 5005621 688959 983612 1195412 600712 1536926 5005621 1027791 3977830 1238 1010 440 201 650 3539 25 4 35 901 965 5010125 669689 0.79400 0.75390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 101 0 0 101 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THREE HOURS SPENT LOBBYING SEATTLE CITY COUNCIL MEMBERS ON AFFORDABLE HOUSING ISSUES 10683590 10683590 7741 2241 5500 10689090 1743378 5412 5412 1737966 0 1737966 500027 5412 5412 494615 0 494615 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE INCLUDED ON PAGE 9, LINE 8B 5,412. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE INCLUDED ON PAGE 9, LINE 8B 5,412. HOME GAMES 2012 41530 39655 1875 109 1937 2336 500 530 41530 39655 1875 109 1937 2336 500 530 5412 -3537 X 5 74500 APPRAISAL 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 AMENDMENTS IN JANUARY 2012: 1) NAMING KING COUNTY AS HOMESTEAD'S SERVICE AREA; 2) INCREASING NUMBER OF BOARD MEMBERS TO A RANGE OF 9-15; 3) MOVING ANNUAL MEMBERSHIP MEETING TO 1ST QTR; 4) CHANGING BOARD OFFICER TITLES TO CONFORM TO STANDARD PRACTICE (PRESIDENT, TREASURER, SECRETARY) AND ADDING VICE PRESIDENT ROLE; 5) DESIGNATING DECISION MAKING STRUCTURE AS MODIFIED ROBERTS RULES TO CONFORM TO STANDARD PRACTICE 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 2012, THIS RESULTS IN PROGRAM SERVICE EXPENSES REPORTED AT 59% OF TOTAL EXPENSES, BUT WHEN THESE COSTS ARE INCLUDED, HOMESTEAD DEDICATED 74% 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 35%, WHERE THEY WOULD BE 22% IF THE VALUE OF LAND PURCHASES WERE TREATED AS AN EXPENSE. HCLT WOLCOTT LLC 412 MAYNARD AVE S 201 SEATTLE WA 98104 911565651 DEVELOP AFFORDABLE HOUSING WA 23811 24783 HOMESTEAD COMMUNITY LAND TRUST HOMESTEAD REBUILDING COMMUNITIES 412 MAYNARD AVE S 201 SEATTLE WA 98104 455180363 RENOVATE DISTRESSED PROPERTIES WA 245417 1900339 HOMESTEAD COMMUNITY LAND TRUST