WEST HENNEPIN AFFORDABLE HOUSING LAND TR: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- WEST HENNEPIN AFFORDABLE HOUSING LAND TR (EIN 41-2019107)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-25
- IRS object ID
- 202402699349301530
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-25T16:59:07-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411647057 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAHONEY ULBRICH CHRISTIANSEN & RUSS PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 RIVER PARK PLAZA SUITE 800 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412019107 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEST HENNEPIN AFFORDABLE HOUSING LAND | BusinessNameLine1Txt |
| Business Name Line2 | TRUST | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WEST | BusinessNameControlTxt |
| Phone | 9524017071 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 THIMSEN AVENUE SUITE 120 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55345 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRENDA LANO-WOLKE | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9524017071 | PhoneNum |
| Signature | 2024-09-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARC A KOTSONAS | PreparerPersonNm |
| PTIN | P00544551 | PTIN |
| Phone | 6512276695 | PhoneNum |
| Preparation | 2024-09-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMES WITHIN REACH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRENDA LANO-WOLKE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 THIMSEN AVENUE SUITE 120 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55345 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,799,388 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOMESWITHINREACH.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION PROVIDES PERMANENTLY AFFORDABLE HOUSING OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES WITHIN SUBURBAN HENNEPIN COUNTY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,086,041 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,354,281 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $280,275 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $419,977 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$777,412 | PYInvestmentIncomeAmt |
| CY Investment Income | -$853,001 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,588,904 | PYTotalRevenueAmt |
| CY Total Revenue | $3,921,257 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $236,421 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $264,627 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $32,265 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $100,189 | PYOtherExpensesAmt |
| CY Other Expenses | $87,863 | CYOtherExpensesAmt |
| PY Total Expenses | $336,610 | PYTotalExpensesAmt |
| CY Total Expenses | $352,490 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,252,294 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,568,767 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $25,109,895 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,468,416 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,483,856 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,273,610 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,626,039 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $23,194,806 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (WHAHLT) DBA HOMES WITHIN REACH (HWR) WAS CREATED IN MAY 2001; A COMMUNITY LAND TRUST WHOSE SERVICE AREA IS THE 44 COMMUNITIES OF SUBURBAN HENNEPIN COUNTY; AND CURRENTLY ACTIVE IN FOURTEEN (14) COMMUNITIES. WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST VISION IS TO TRANSFORM PEOPLE'S LIVES THROUGH HOMEOWNERSHIP. THE MISSION IS TO USE THE COMMUNITY LAND TRUST PRACTICE TO PROVIDE AFFORDABLE HOMEOWNERSHIP FOR WORKING FAMILIES THAT WOULD BE OTHERWISE UNABLE TO PURCHASE A HOME IN SUBURBAN HENNEPIN COUNTY, OFFERING BOTH COMMUNITIES AND HOMEBUYERS THE ABILITY TO SUSTAIN PERMANENTLY AFFORDABLE HOMEOWNERSHIP. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $186,108 | ExpenseAmt |
| Revenue | -$456,154 | RevenueAmt |
| Desc | HOUSING IS A MULTIPLIER, A BASIC NEED THAT IMPACTS EVERY PART OF LIFE: EDUCATION, HEALTH AND ECONOMIC SUCCESS. HWR HAS WITNESSED FIRST-HAND HOW HOMEOWNERSHIP FOR WORK-FORCE FAMILIES STABILIZES LIVES, ENABLES GREATER COMMUNITY AND ECONOMIC PARTICIPATION, AND BUILDS ASSETS. HWR ACQUIRES THE OWNERSHIP OF REAL PROPERTY, REHABILITATING AND THEN SELLING THE IMPROVEMENTS (HOME) TO HOMEOWNERS EARNING LESS THAN 80% AREA MEDIAN INCOME. THIS ARRANGEMENT BETWEEN THE HOMEOWNER AND HWR PROTECTS HOUSING AFFORDABILITY IN PERPETUITY BY ENSURING THAT THE HOME IS AFFORDABLE FOR LOW TO MODERATE INCOME WORKFORCE HOUSEHOLDS UPON THE SALE AND FUTURE SALES OF A SINGLE-FAMILY HOME.AS OF DECEMBER 31, 2023, WHAHLT HAS PLACED 205 PROPERTIES INTO ITS TRUST SINCE IT BEGAN CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP AND HAS ASSISTED 245 FAMILIES, WITH AN AVERAGE AREA MEDIAN INCOME OF 58.6%, IN PURCHASING A HOME IN THE COMMUNITIES OF BLOOMINGTON, BROOKLYN PARK, CRYSTAL, DEEP HAVEN, EDINA, EDEN PRAIRIE, GOLDEN VALLEY, MAPLE GROVE, MINNETONKA, NEW HOPE, PLYMOUTH, RICHFIELD, ST. LOUIS PARK AND WAYZATA. THE REASON FOR GROWING IN THESE SPECIFIC COMMUNITIES IS THAT EACH ONE OF THESE CITIES HAS DEMONSTRATED A WILLINGNESS TO COLLABORATE WITH WHAHLT IN CREATING AFFORDABLE HOMEOWNERSHIP. THE PROGRAM OFFERS AN OPPORTUNITY FOR WORKFORCE HOUSEHOLDS TO BECOME HOMEOWNERS, WHICH IN TURN STABILIZES THE FAMILY UNIT, ADDS VALUE TO THE COMMUNITY WHERE THEY WORK OR LIVE, BY INCREASING THE LABOR POOL TO LOCAL BUSINESSES, ADDING NEW FAMILIES TO THE COMMUNITY, PRESERVING AND REHABILITATING OF EXISTING HOUSING STOCK AND PROVIDING A MECHANISM TO INVEST IN LONG TERM AFFORDABLE HOMEOWNERSHIP, THEREBY LINKING HOUSING WITH JOBS, TRANSIT AND SUPPORT SERVICES.IN 2023 HWR ADDED 19 HOMES IN 9 COMMUNITIES. NOTABLE HIGHLIGHTS FOR 2023 WERE; A UNIQUE OPPORTUNITY IN EDINA. EDINA HAD ACQUIRED A HOME VIA TAX FORFEITURE 12 YEARS PRIOR. THE HOME HAD SUFFERED A FIRE. IT WAS ABANDONED WITH ALL THE PREVIOUS OWNERS' BELONGINGS IN THE HOUSE. IT WAS A HOARDER HOME. THIS CITY APPROACHED HWR WITH AN OFFER TO SELL THE HOME TO OUR ORGANIZATION FOR $1.00. STAFF RESEARCHED WHETHER IT MADE SENSE TO ACQUIRE THE HOME FOR EXTENSIVE REHAB OR TEAR IT DOWN FOR NEW CONSTRUCTION AND WAS IT FINANCIALLY FEASIBLE. GIVEN A TEAR DOWN WOULD REQUIRE NEW SETBACKS MEANING THE FOUNDATION COULDN'T EVEN BE SAVED, THE PLAN WAS TO REHAB THE HOME. THE HOME WAS ORIGINALLY A 2 BED, 1 BATH HOME WITH A SINGLE CAR ATTACHED GARAGE AND AN ADDITIONAL 2 CARE DETACHED. BY RAISING THE ROOF AND CONVERTING THE GARAGE INTO BEDROOM SPACE, THE HOME WAS TRANSFORMED INTO A BEAUTIFUL, ENERGY EFFICIENT 4 BED, 2 BATH WITH MAIN FLOOR LAUNDRY. IT IS TRULY A FLAGSHIP HOME FOR THE PROGRAM. ADDITIONALLY, 2023 WAS THE LARGEST FUNDING AWARD FROM MINNESOTA HOUSING IN THE ORGANIZATIONS HISTORY WHICH WILL ENSURE CONTINUED GROWTH AND EXPANSION FOR THE NEXT FEW YEARS. THE CITY OF GOLDEN VALLEY ALSO RECEIVED A SIGNIFICANT AWARD WHICH WILL BENEFIT HWR AS IT WILL ALLOW THEM TO AWARD FUNDS TO DEVELOPERS TO BUILD ON CITY OWNED LOTS WITH THE CAVEAT THAT THE HOMES MUST BE PLACED IN HOMES WITHIN REACH LAND TRUST PROGRAM. OVER TIME, 20 HOMES WILL BE ADDED IN THE COMMUNITY. 2023 BROUGHT SIGNIFICANT GROWTH AND OPPORTUNITY FOR WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST, DBA, HOMES WITHIN REACH (HWR) CREATING AND PRESERVING LONG-TERM AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR WORK-FORCE HOUSEHOLDS WHO PROVIDE ESSENTIAL SERVICES TO HENNEPIN COUNTY SUBURBAN COMMUNITIES. SERVICE PROVIDERS SUCH AS TEACHERS, MUNICIPAL WORKERS, RETAIL STAFF, OFFICE PERSONNEL, FOOD SERVICE, CUSTOMER SERVICE REPRESENTATIVES, MEDICAL SUPPORT STAFF AND MANY MORE, WHO ARE UNABLE TO PURCHASE A HOME IN THE COMMUNITIES WHERE THEY WORK AND LIVE. | Desc |
| Total Program Service Expenses | $186,108 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9524017071 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 THIMSEN AVENUE SUITE 120 | AddressLine1Txt |
| City | MINNETONKA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55345 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| NOEL KLINNERT | ||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEVE SCHMIDT | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRAD WIERSUM | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JESSICA BRUE | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PAT GLEASON | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BARRETT ANDERSON | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BELETE AEBA | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAN JOHNSON | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA LANO-WOLKE | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $94,256 | $0 | $10,485 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $94,256 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $10,485 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TJU CONSTRUCTION INC | |||||
| 14400 WOODHAVEN RD | MINNETONKA | MN | 553452358 | CONSTRUCTION SERVICES | $966,275 |
| CCR HOMES LLC | |||||
| 8925 COUNTY ROAD 43 | CHASKA | MN | 553189242 | CONSTRUCTION SERVICES | $314,059 |
| RANDY KIRSCH CONSTRUCTION LLC | |||||
| 47560 280TH STREET | GAYLORD | MN | 55334 | CONSTRUCTION SERVICES | $268,280 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,894,089 | GovernmentGrantsAmt |
| All Other Contributions | $460,192 | AllOtherContributionsAmt |
| Noncash Contributions | $399,999 | NoncashContributionsAmt |
| Total Contributions | $4,354,281 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPER FEES | 531390 | $251,086 | $251,086 |
| HOME BUYER CLOSING FEES | 531390 | $100,000 | $100,000 |
| LAND LEASE FEES | 531390 | $68,880 | $68,880 |
| MISCELLANEOUS | 531390 | $11 | $11 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $419,977 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,130 | TotalRevenueColumnAmt |
| Exclusion | $23,130 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,002,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,878,131 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$876,131 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$876,131 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$876,131 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,921,257 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$456,154 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,130 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,741 | TotalAmt |
| Program Services | $54,795 | ProgramServicesAmt |
| Management And General | $24,973 | ManagementAndGeneralAmt |
| Fundraising | $24,973 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,959 | TotalAmt |
| Program Services | $90,361 | ProgramServicesAmt |
| Management And General | $38,678 | ManagementAndGeneralAmt |
| Fundraising | $920 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,291 | TotalAmt |
| Program Services | $2,879 | ProgramServicesAmt |
| Management And General | $1,281 | ManagementAndGeneralAmt |
| Fundraising | $1,131 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,483 | TotalAmt |
| Program Services | $3,716 | ProgramServicesAmt |
| Management And General | $3,767 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,153 | TotalAmt |
| Program Services | $10,518 | ProgramServicesAmt |
| Management And General | $4,762 | ManagementAndGeneralAmt |
| Fundraising | $1,873 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,500 | TotalAmt |
| Program Services | $3,000 | ProgramServicesAmt |
| Management And General | $500 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,091 | TotalAmt |
| Management And General | $20,091 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,490 | TotalAmt |
| Program Services | $1,650 | ProgramServicesAmt |
| Management And General | $3,840 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,216 | TotalAmt |
| Program Services | $160 | ProgramServicesAmt |
| Management And General | $3,027 | ManagementAndGeneralAmt |
| Fundraising | $29 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,974 | TotalAmt |
| Program Services | $1,823 | ProgramServicesAmt |
| Management And General | $826 | ManagementAndGeneralAmt |
| Fundraising | $325 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,415 | TotalAmt |
| Program Services | $13,745 | ProgramServicesAmt |
| Management And General | $6,222 | ManagementAndGeneralAmt |
| Fundraising | $2,448 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,242 | TotalAmt |
| Program Services | $760 | ProgramServicesAmt |
| Management And General | $346 | ManagementAndGeneralAmt |
| Fundraising | $136 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249 | TotalAmt |
| Program Services | $153 | ProgramServicesAmt |
| Management And General | $69 | ManagementAndGeneralAmt |
| Fundraising | $27 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,643 | TotalAmt |
| Management And General | $12,643 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $11,958 | $11,958 | ||
| EQUIPMENT REPAIR/RENTAL | $3,689 | $1,024 | $2,262 | $403 |
| BOARD DEVELOPMENT | $396 | $110 | $286 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,490 | TotalAmt |
| Program Services | $186,108 | ProgramServicesAmt |
| Management And General | $134,117 | ManagementAndGeneralAmt |
| Fundraising | $32,265 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,240 | BOYAmt |
| EOY | $158,533 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $727,010 | BOYAmt |
| EOY | $730,366 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $823,800 | BOYAmt |
| EOY | $1,431,514 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,074,753 | BOYAmt |
| EOY | $2,264,284 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,204 | BOYAmt |
| EOY | $26,316 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,277 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,173 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353 | BOYAmt |
| EOY | $104 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,282,800 | BOYAmt |
| EOY | $22,819,800 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,735 | BOYAmt |
| EOY | $37,499 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,109,895 | BOYAmt |
| EOY | $27,468,416 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,083,194 | BOYAmt |
| EOY | $370,333 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,000 | BOYAmt |
| EOY | $600,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,850,756 | BOYAmt |
| EOY | $2,873,925 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $223,906 | BOYAmt |
| EOY | $429,352 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,483,856 | BOYAmt |
| EOY | $4,273,610 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,626,039 | BOYAmt |
| EOY | $23,194,806 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,626,039 | BOYAmt |
| EOY | $23,194,806 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,109,895 | BOYAmt |
| EOY | $27,468,416 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,568,767 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,792,243 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,584,837 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,610,151 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,086,041 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,354,281 | CurrentTaxYearAmt |
| Total | $13,427,553 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,792,243 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,584,837 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,610,151 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,086,041 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,354,281 | CurrentTaxYearAmt |
| Total | $13,427,553 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $13,427,553 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $64 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,833 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,130 | CurrentTaxYearAmt |
| Total | $30,806 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $13,458,359 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $12,688,318 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99770 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99930 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,277 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,173 | DepreciationAmt |
| Book Value | $104 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $104 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LAND HELD IN TRUST | Desc |
| Book Value | $22,819,800 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $22,819,800 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| PREPAID RENT | $5,453 |
| REFUNDABLE ADVANCES | $409,350 |
| LEASE LIABILITY | $14,549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $429,352 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,799,388 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $4,878,131 | OtherRevenueAmt |
| Revenue Not Reported | $4,878,131 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,921,257 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,921,257 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,230,620 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,878,130 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,878,130 | ExpensesNotReportedAmt |
| Expenses Subtotal | $352,490 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $352,490 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE LAND TRUST IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE INCOME TAX RETURNS FOR A PRIOR OF THREE YEARS AFTER THEY ARE FILED. THE LAND TRUST EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF DECEMBER 31, 2023, MANAGEMENT DOES NOT BELIEVE THEY HAVE TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DIRECT PROPERTY COSTS 4,478,132. IN-KIND DIRECT PROPERTY COSTS 399,999. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT PROPERTY COSTS 4,478,131. IN-KIND DIRECT PROPERTY COSTS 399,999. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRAD WIERSUM | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | TREASURER OF WHAHLT AND THE MAYOR OF THE CITY OF MINNETONKA | RelationshipDescriptionTxt |
| Transaction | WHAHLT HAS A $750,000 LINE OF CREDIT WITH THE CITY OF MINNETONKA. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $399,999 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERSHIP OF THE TRUST CONSISTS OF SUPPORTING MEMBERS, LEASEHOLD MEMBERS, AND GENERAL MEMBERS. THE LEASEHOLD AND GENERAL MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN IT IS PRESENTED TO THE BOARD FOR REVIEW AND THEIR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS AND STAFF ANNUALLY COMPLETE THE WRITTEN POLICY AND IT IS REVIEWED BY THE BOARD AND HANDLED ACCORDINGLY. NO ISSUES TO DATE. |
| FORM 990, PART VI, SECTION B, LINE 15A | OFFICERS COMPENSATION IS DETERMINED DURING END OF THE YEAR BUDGET PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |