2024-11-12T13:59:05-06:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 831319881 RALEIGH AREA LAND TRUST RALE 5033335774 311 NEW BERN AVENUE 28363 RALEIGH NC 27611 KEVIN CAMPBELL EXECUTIVE DIRECTOR 5033335774 2024-11-08 1 1 JANICE A RATICA P00358837 7043338881 2024-11-04 2023 2024-10-15 13:58:12Z KEVIN CAMPBELL 311 NEW BERN AVENUE 28363 RALEIGH NC 27611 1046455 0 X WWW.RALT.ORG X 2018 NC THE RALEIGH AREA LAND TRUST EXPANDS AFFORDABLE HOME-OWNERSHIP OPPORTUNITIES FOR FAMILIES WITH LOW TO MODERATE INCOMES SO THAT THEY ARE ABLE TO LIVE OR REMAIN IN COMMUNITIES OF THEIR CHOICE. 9 9 0 25 0 0 345551 644203 0 0 66 274 9746 67341 355363 711818 0 0 0 0 0 0 0 0 11953 58004 95260 58004 95260 297359 616558 1132690 1493809 357245 137142 775445 1356667 X THE RALEIGH AREA LAND TRUST CREATES PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR FIRST-TIME HOMEBUYERS USING THE COMMUNITY LAND TRUST MODEL. INVESTMENTS PROTECT NEIGHBORHOODS FROM THE AFFORDABLE HOUSING CRISIS BY ENSURING WORKING FAMILIES CAN AFFORD TO LIVE IN THEIR COMMUNITY AND BY KEEPING HOMES IN THEIR COMMUNITY AFFORDABLE FOR GENERATIONS TO COME. 0 0 2525 103 CONTINUED SITE PREPARATION FOR COTTAGES OF IDLEWILD, AN 18-UNIT AFFORDABLE HOUSING DEVELOPMENT AIMING TO PROVIDE HOME PURCHASE AND RENTAL OPPORTUNITIES FOR LOW INCOME RESIDENTS (BELOW 80% AMI) 28301 67238 EXPANDED HOMEOWNERSHIP PROGRAM TO SERVE 15 PROSPECTIVE HOMEBUYERS BY PROVIDING HOMEBUYER EDUCATION AND CONNECTIONS TO SUPPORT SERVICES INCLUDING FINANCIAL COUNSELING AND DOWN PAYMENT ASSISTANCE PROGRAMS COMPLETED COMMUNITY OUTREACH TO 105 POTENTIAL HOMEBUYERS AND COMMUNITY RESIDENTS SOLD TWO HOMES AT AN AFFORDABLE PRICE TO LOW-INCOME HOMEBUYERS AND PRESERVED LAND IN COMMUNITY LAND TRUST FOR 99+ YEARS HOSTED A TWO-DAY VOLUNTEER EVENT TO PROVIDE LANDSCAPING AND PROPERTY UPGRADES TO TWO AFFORDABLE HOMES FOR FUTURE RESIDENTS 30826 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X ESCALON SERICES INC 6509185724 2345 YALE STREET FIRST FLOOR PALO ALTO CA 94306 X LEE NORRIS DIRECTOR 2.00 X 0 0 0 DR RASHEEDA MONROE DIRECTOR 2.00 X 0 0 0 DR JOE STEVENSON DIRECTOR 2.00 X 0 0 0 JEANNE TEDROW DIRECTOR 2.00 X 0 0 0 KIA BAKER PRESIDENT 2.00 X X 0 0 0 LOUISE MARTIN SECRETARY 2.00 X X 0 0 0 JENNIFER LAMPMAN TREASURER START 12/23 2.00 X X 0 0 0 KEVIN CAMPBELL TREASURER THRU 12/23 2.00 X X 0 0 0 REV FRANK WHITE VICE PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 644203 644203 274 274 401875 334637 67238 67238 MISCELLANEOUS REVENUE 900099 103 103 103 711818 67341 0 274 X 75751 24437 41500 9814 228 228 7556 1833 5723 3817 2505 1312 265 265 235 23 212 3931 790 3141 FUNDRAISING 1834 1834 CONSTRUCTION 1238 1238 TAXES & LICENSES 305 305 MISCELLANEOUS EXPENSE 100 100 95260 30826 52481 11953 113863 726654 150000 150500 60625 14078 798632 592460 9570 10117 1132690 1493809 112495 7142 114750 130000 130000 357245 137142 X 769083 1073435 6362 283232 775445 1356667 1132690 1493809 X 616558 -35336 X 0 1 X 1 0 X 318145 345551 644203 1307899 318145 345551 644203 1307899 344552 963347 9295 274 9569 517 103 620 1318088 67238 0.73090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 676482 0 676482 35336 35336 711818 95260 0 95260 0 95260 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE STATUTES. CONSEQUENTLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON REVALUATION OF ASSETS 35,336. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE BOARD, FINANCIAL MANAGEMENT COMPANY AND EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 22,140. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,140. CONSULTANTS: PROGRAM SERVICE EXPENSES 24,437. MANAGEMENT AND GENERAL EXPENSES 19,360. FUNDRAISING EXPENSES 9,814. TOTAL EXPENSES 53,611. FORM 990, PART XI, LINE 9: GAIN/LOSS ON REVALUATION OF ASSETS -35,336.