2024-10-24T10:51:44-07:00 2023-12-31 474242498 Mark Mumm CPA 12655 Fiori Lane Sebastopol CA 95472 990 2023-01-01 943381744 COMMUNITY LAND TRUST ASSOCIATION OF WEST MARIN COMM 4156631005 PO BOX 273 POINT REYES STATION CA 94956 BOB HOUGHTELING Treasurer 2024-10-24 true true Mark Mumm P01765746 4154533341 X 2023 2024-10-15 13:58:12Z PAM DORR PO BOX 273 POINT REYES STATION CA 94956 1940969 false X WWW.CLAM-PTREYES.ORG X 2000 CA the mission of the community land trust association of west marin is to provide stable and permanently affordable housing in an environmentally responsible way in the communities surrounding tomales bay. as a community land trust, clam holds land and housing in trust for the community in perpetuity while creating housing that working people can afford. 16 16 10 131 0 1197943 1559460 324815 360103 1846 21406 0 1524604 1940969 0 0 602471 611764 0 151900 552781 606494 1155252 1218258 369352 722711 9493461 11044727 3195451 3292185 6298010 7752542 the mission of the community land trust association of west marin is to provide stable and permanently affordable housing in an environmentally responsible way in the communities surrounding tomales bay. as a community land trust, clam holds land and housing in trust for the community in perpetuity while creating housing that working people can afford. false false 802933 360103 In 2023, CLAM provided ongoing management and stewardship of its rental properties that provide 18 affordable rentals in the West Marin area. We provided housing to 30 renters in 18 rental housing units and two affordable ownership homes. Significant improvements were made on two rental apartment buildings CLAM owns - the Mesa Apts and Ocean Terrace. In January 2023, CLAM purchased 60 Third Street in downtown Point Reyes Station to be preserved as affordable, community housing in perpetuity. The property was purchased for $630,000, well below the property's estimated market value of $930,000. In 2022, CLAM started an exciting new property acquisition strategy as part of its Age-in-Place initiative, using a Retained Life Estate agreement with a local homeowner in Point Reyes Station. In 2023 CLAM continued renovations on these two properties. 110030 In 2023, CLAM continued our work to secure the Coast Guard Neighborhood Project in Point Reyes Station to provide 54 units of rental housing to over 180 residents. CLAM and co-development partner Eden Housing worked with our design team, including architects, and a consulting General Contractor, and septic engineers to complete the planning submission portion of the low-income housing tax credit project. This project planning submission was deemed substantially complete and the project has moved into the CEQA or environmental phase of permitting, which is expected to last until the end of 2024. 21682 In 2023, CLAMs Real Community Rentals Program provided assessments for homeowners that want to add additional units of housing. Due to financial hardships created by the pandemic, CLAM continued to operate a Resilience Fund to provide direct rental assistance to CLAMs residents who needed it due to significant income loss. 934645 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false true false false false false false false false false true false false false false true 26 0 true 10 true false false false false false false false 0 false false false false false false false X 16 16 false false false false true true false true true false false true true true true true true true false false CA X JARROD RUSSELL 4156631005 PO BOX 273 POINT REYES STATION CA 94956 PAM DORR Executive Dir. 40.00 0.00 X 138044 0 13027 LAURA J GIACOMINI DEVELOPMENT DIRECT 40.00 0.00 125899 0 0 PAMELA WRIGHT President 8.00 0.00 X X 0 0 0 SARAH MYERS Trustee 2.00 0.00 X 0 0 0 CAROL WHITMAN Secretary 2.00 0.00 X X 0 0 0 MAUREEN CORNELIA Trustee 2.00 0.00 X 0 0 0 SUSAN BRAYTON Trustee 2.00 0.00 X 0 0 0 STEVE ANTONAROS Trustee 2.00 0.00 X 0 0 0 Cathleen Dorinson Secretary 2.00 0.00 X X 0 0 0 BOB HOUGHTELING Treasurer 3.00 0.00 X X 0 0 0 JORGE MARTINEZ Trustee 2.00 0.00 X 0 0 0 Jelani Bertoni Trustee 2.00 0.00 X 0 0 0 SUSAN SCOTT Trustee 2.00 0.00 X 0 0 0 Daniel Cordrey Trustee 2.00 0.00 X 0 0 0 Joe Gillach Trustee 2.00 0.00 X 0 0 0 Stephen Horvat Trustee 2.00 0.00 X 0 0 0 Jonathan Barajas Trustee 2.00 0.00 X 0 0 0 ELVIRA XAXNI Trustee 2.00 0.00 X 0 0 0 263943 13027 2 false true false 0 379000 1180460 9705 1559460 OTHER 5356 5356 RENTALS AFFORDABLE HOUSNG 354747 354747 360103 21406 21406 0 0 0 0 0 0 0 0 1940969 360103 21406 0 0 0 0 151071 137475 13596 0 393721 269627 28455 95639 0 26824 17767 1890 7167 40148 29841 3086 7221 0 0 50012 50012 0 0 0 54452 25348 21294 7810 22454 12318 10136 16778 12983 1136 2659 908 908 0 71533 64886 1990 4657 3353 1952 1008 393 0 776 776 53738 53738 0 121012 121012 21510 20261 374 875 PROPERTY MANAGEMENT 112057 112057 EVENTS EXPENSES 25295 14991 2449 7855 STAFF TRAINING 21406 15910 1646 3850 MISCELLANEOUS 6423 6423 24787 17148 4001 3638 1218258 934645 131713 151900 1552274 730444 1023720 305167 598743 0 0 0 35000 35000 0 35539 38068 9306930 882991 7404841 8423939 0 0 0 5310 11848 155330 182965 9493461 11044727 94702 88093 3079549 3131264 21200 72828 3195451 3292185 X 4231882 5543279 2066128 2209263 6298010 7752542 9493461 11044727 722711 731821 X false true X true false X 639006 891166 1427935 1197943 1559460 5715510 0 0 639006 891166 1427935 1197943 1559460 5715510 950323 4765187 2348 1791 845 1846 21406 28236 0 0 5743746 1614352 0.82960 0.74080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4798331 4798331 4504426 878944 3625482 4173 4047 126 8423939 LEASE LIABILITY 47978 TENANT SECURITY DEPOSIT 24850 72828 1940969 1940969 1940969 1218258 1218258 1218258 false false false false false false false false false PAM DORR Executive Dir. 138044 13027 151071 SUSAN SCOTT BOD MEMBER ACQ PROPERT X 100000 100000 false false true 100000 Schedule L, Part V Supplemental Information Bridge loans of $408,000 and the related interest of $6,318 were repaid to two board members during the year. The bridge loans were used to purchase program related land and buildings. The rate of interest paid on the bridge loans was 1.5% per year. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE TREASURER AND PROVIDED TO THE ENTIRE BOARD FOR THEIR REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD ANNUALLY AND A CONFLICT OF INTEREST QUESTIONNAIRE IS FILLED OUT BY EACH BOARD MEMBER ANNUALLY. Form 990, Part VI, Section B, Line 15a THE BOARD REVIEWS THE COMPENSATION OF TOP EMPLOYEES ANNUALLY AND AGAINST COMPARABLE SALARIES IN THE AREA. Form 990, Part VI, Section C, Line 19 ALL DOCUMENTS REQUIRED BY LAW ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORMATION OF OCEAN TERRACE LLC AND PURCHASE OF REAL PROPERTY OCEAN TERRACE LLC, A CALIFORNIA LIMITED LIABILITY COMPANY WAS FORMED BY THE ORGANIZATION AS THE SOLE MEMBER IN SEPTEMBER 2016 FOR THE PURPOSE OF PURCHASING AND OPERATING AN 8-UNIT APARTMENT COMPLEX IN STINSON BEACH, CALIFORNIA.OCEAN TERRACE LLC, IS A WHOLLY OWNED SUBSIDIARY AND IS INCLUDED IN THIS ORGANIZATION'S GROUP FILING:CALIFORNIA CORPORATION NUMBER: 8147150PO BOX 273POINT REYES STA, CA 94956-0273 Statement Note 1 THE FOLLOWING SUBSIDIARY IS INCLUDED IN THIS ORGANIZATION'S FILING:OCEAN TERRACE LLCCALIFORNIA CORPORATION NUMBER: 8147150PO BOX 273PT REYES STA CA 94956-0273 OCEAN TERRACE LLC 11431 HWY 1 12 POINT REYES STATION CA 94956 364847013 RENTAL PROPERTY CA 184537 2614484 COMMUNITY LAND TRUST ASSOC OF WEST MARIN false false false false false false false false false false false false false false false false false false false