2012-11-02T17:32:22-05:00 2011-12-31 910605875 PETERSON SULLIVAN LLP CPA'S 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2011-01-01 911565651 HOMESTEAD COMMUNITY LAND TRUST HOME 2063231227 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 SHELDON COOPER 2063231227 2012-10-22 1 RAYMON G HOLMDAHL P00120599 2063827777 2012-10-22 2011 2016-02-24 21:20:13Z SHELDON COOPER 412 MAYNARD AVE S NO 201 SEATTLE WA 98104 4629018 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. HOMESTEAD HAD 131 HOMES IN ITS PORTFOLIO AT THE END OF 2011 AND EXPECTS TO HAVE OVER 150 BY THE END OF 2012. 10 10 5 20 0 0 1195412 600712 176202 163670 440 410564 -3060 35 1368994 1174981 0 0 0 0 192317 222483 0 0 10967 83645 85589 275962 308072 1093032 866909 6899236 9464961 3473335 5172166 3425901 4292795 X 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. HOMESTEAD HAD 131 HOMES IN ITS PORTFOLIO AT THE END OF 2011 AND EXPECTS TO HAVE OVER 150 BY THE END OF 2012. 0 0 193783 163670 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 131 HOMES IN ITS PORTFOLIO AT THE END OF 2011 AND EXPECTS TO HAVE OVER 150 BY THE END OF 2012. DURING 2011 HOMESTEAD ASSISTED 35 HOUSEHOLDS TO PURCHASE THEIR FIRST HOMES. 193783 1 1 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 0 0 0 1 0 0 0 1 0 0 0 0 0 1 14 0 1 5 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 0 1 1 1 0 0 1 1 0 WA X X SHELDON COOPER 2063231227 2524 16TH AVENUE SOUTH SEATTLE WA 98144 GEOV PARRISH 2.00 X X 0 0 0 CHRIS LAROCHE 2.00 X X 0 0 0 JOHN BIANCHI 2.00 X X 0 0 0 PETER NEVIN 2.00 X X 0 0 0 DIANNE WASSON 2.00 X 0 0 0 SIOBHAN RING 2.00 X 0 0 0 SUSAN BOYD 2.00 X 0 0 0 DARCY JUAREZ 2.00 X 0 0 0 SARAH SAUSNER 2.00 X 0 0 0 SALENA SCOTTI 2.00 X 0 0 0 SHELDON COOPER 40.00 X 59099 0 3980 59099 0 3980 0 0 0 0 OLYMPIC GENERAL CONTRACTORS 3726 BROADWAY EVERETT WA 98201 CONSTRUCTION MANAGEMENT 1492038 1 184073 416639 85520 600712 PROJECT DEVELOPMENT 531390 115140 115140 LEASE PAYMENTS 531110 48530 48530 163670 201 201 3864400 3454037 410363 410363 410363 MISCELLANEOUS 900099 35 35 35 1174981 163670 0 410599 63079 43871 16855 2353 131335 91344 35092 4899 11620 8082 3105 433 16449 11440 4395 614 6220 4326 1662 232 27777 27777 9872 6866 2638 368 175 122 47 6 11484 7987 3069 428 12041 8375 3217 449 3974 2764 1062 148 1003 698 268 37 1385 1385 MISCELLANEOUS 3388 2156 541 691 DUES AND SUBSCRIPTIONS 3190 2219 852 119 FOOD 2774 1929 741 104 BANK SERVICE CHARGES 2306 1604 616 86 308072 193783 103322 10967 11225 487605 165852 392247 34344 24348 86832 1909 8170 3912 8555874 934 6592813 8554940 6899236 9464961 20536 60417 3452799 5111749 3473335 5172166 X 3366116 4052703 59785 240092 3425901 4292795 6899236 9464961 X 866909 -15 X X 0 1 1 X 1 1 X 506348 688959 983612 1195412 600712 3975043 506348 688959 983612 1195412 600712 3975043 974073 3000970 2434 1238 1010 440 201 5323 25 4 35 64 3980430 582949 0.75390 0.99790 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 36 0 0 36 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: ONE HOUR SPENT LOBBYING SEATTLE CITY COUNCIL MEMBERS ON AFFORDABLE HOUSING ISSUES 8554019 8554019 1855 934 921 8554940 1174981 308072 866909 -15 -15 866894 1174981 0 1174981 0 1174981 308072 0 308072 0 308072 PART XI, LINE 8 - OTHER ADJUSTMENTS: TO INCLUDE BEGINNING NET ASSETS FROM DISREGARDED ENTITY -15. X 8 85520 APPRAISAL 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 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 REVIEWS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: TO INCLUDE BEGINNING NET ASSETS FROM DISREGARDED ENTITY -15. TOTAL TO FORM 990, PART XI, LINE 5: -15. 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 2011, THIS RESULTS IN PROGRAM SERVICE EXPENSES REPORTED AT 63% OF TOTAL EXPENSES, BUT WHEN THESE COSTS ARE INCLUDED, HOMESTEAD DEDICATED 80% 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 37%, WHERE THEY WOULD BE 20% IF THE VALUE OF LAND PURCHASES WERE TREATED AS AN EXPENSE. HCLT WOLCOTT LLC 2524 16TH AVE S 300 SEATTLE WA 98144 911565651 DEVELOP AFFORDABLE HOUSING WA 375665 429240 HOMESTEAD COMMUNITY LAND TRUST