2025-11-17T11:32:56-06:00 2024-12-31 450250958 Eide Bailly LLP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2024-01-01 454885063 Moab Area Community Land Trust MOAB 4352100248 125 W 200 S 125 Moab UT 84532 Kara Stoner Treasurer 4352100248 2025-11-14 1 1 Kyle Fritch CPA P01313374 8015322200 2025-11-11 2024 2025-03-06 01:10:19Z Kara Stoner 125 W 200 S 125 Moab UT 84532 1864136 0 X MOABCLT.ORG X 2012 UT To create the opportunity for permanent, affordable housing by preserving land held in trust. 6 6 2 20 0 0 263015 1730407 28082 56759 36236 76970 0 0 327333 1864136 0 0 0 0 90384 106517 0 0 7720 57678 111778 148062 218295 179271 1645841 4037894 5693472 203958 213695 3833936 5479777 X To create the opportunity for permanent affordable housing by preserving land held in trust in Moab city, Grand County, and Northern San Juan County. 0 0 120972 56759 To create the opportunity for permanently affordable housing by preserving land held in trust in Moab City, Grand County, and northern San Juan County. During 2024, the land trust supervised the installation of infrastructure and housing units for a 40-acre affordable housing project in Grand County Utah called Arroyo Crossing. At the end of 2024, there were 46 built and occupied homes, 98 homes under construction, and 5 homes in the predevelopment process. When completed, Arroyo Crossing will provide 300 units for workforce housing including single family homes, townhomes, and apartments. The land trust leases the land for this project to Arroyo Crossing, an affiliated 501(c)(3) nonprofit corporation, to facilitate this program; this corporation sells leasehold interest to housing development partners and donates the revenue to the land trust. In 2024, the Arroyo Crossing corporation sold leasehold interest for 91 homes, resulting in an abnormally high amount of revenue earned by the land trust. 120972 1 1 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 1 0 UT X Kya Marienfeld Shalee Bryant (Interim) 4352100248 125 W 200 S 125 Moab UT 84532 Sheri Griffith Chair 5.00 X X 0 0 0 Carly Castle Vice Chair (Jan-Jun) 2.00 X X 0 0 0 Kara Stoner Treasurer 2.00 1.00 X X 0 0 0 Kya Marienfeld Secretary 2.00 X X 0 0 0 Audrey Graham Board Director 2.00 X 0 0 0 Brian Quigley Board Director (Sept-Dec) 2.00 X 0 0 0 Shalee Bryant Board Director (Nov-Dec) 2.00 X 0 0 0 Kaitlin Myers Executive Director 40.00 X 78778 0 8469 78778 0 8469 0 0 0 0 0 1450000 270000 10407 1730407 Lot Lease Income 531390 56759 56759 56759 76970 76970 1864136 56759 0 76970 87246 26174 56710 4362 12191 6095 3048 3048 7080 1864 4906 310 1184 1184 8625 8625 16994 16994 409 409 1509 1509 18082 18082 6220 480 5740 1082 1082 525 525 4160 4160 4279 4279 Repairs & Maintenance 40226 40226 Misc Fees 5309 2504 2805 Vista Volunteer 2800 2800 Meals 374 374 218295 120972 89603 7720 49857 62245 6131 845139 1377 5020 1170340 1970340 2810189 2810189 2810189 0 539 4037894 5693472 3227 13695 200000 200000 731 0 203958 213695 X 3833936 5479777 3833936 5479777 4037894 5693472 1645841 0 X 0 0 0 X 1390 230820 655577 263015 1730407 2881209 1390 230820 655577 263015 1730407 2881209 2402734 478475 2203 2203 14491 36236 76970 132103 3013312 98931 0.15880 0.16770 X Part II, Section C, Line 17A, Facts and Circumstances Test: Schedule A, Part II, Section C, Line 17A: Moab Area Community Land Trust (MACLT) fails to meet the public support test for the year ended December 31, 2024. However, based on the following facts and circumstances, the organization should continue to be recognized as a publicly supported organization under Internal Revenue Code Section 509(a)(1). Ten-Percent of Support: The total amount of public support for the organization during the above-mentioned period is 15.88%. Therefore, the total public support is greater than the required 10%. Attraction of Public Support: The organization does not receive more than 33 1/3% of its support from government units or from contributions from the general public due to the fact that in calendar year 2024 the organization received a sizeable contribution from Arroyo Crossing, a 509(a)(3) support organization, that materially affected its public support test. The organization received New Markets Tax Credits (NMTC) in 2019 to facilitate the construction of a 300-unit affordable housing subdivision and was thereby required by the IRS to establish this 509(a)(3) organization for the revenue and expenses of the NMTC-funded project. Although MACLT consistently receives contributions from different public sources each year and is an organization which serves and is supported by the general public, the 33 1/3% support test could not be met due to the proportional contributions from Arroyo Crossing. The organization has implemented new strategies to help broaden the public support of the organization and has received proportionally donations from multiple organizations and individuals. In the last year, the organization hired an Americorps VISTA volunteer to solicit more donations from the general public by including a donations link on our website and focusing on fundraising efforts to bring in donations from private companies, individuals, and governmental entities. MACLT currently has resources in place to accept public donations. Sources of Support: MACLT historically has received support from Arroyo Crossing, a 509(a)(3) support organization. MACLT also has received ongoing support from Grand County and provides affordable housing opportunities for the general public residing in the Moab community. The organization also receives support from various other public donors. However, because of the size of donations from Arroyo Crossing, the organization failed to meet the 33 1/3% requirement for public support. Representative Governing Body: MACLT is currently served by a governing body that represents the interest of the affordable housing industry; it does not represent the interests of the donors of MACLT. These representatives ensure that the organization meets the needs of the affordable housing industry. The organization has currently implemented a review of its governance model to identify new prospective directors/governors to represent a broader range of the affordable housing industry and the general public. Based on the above facts and circumstances, MACLT should continue to be considered as publicly supported under Internal Revenue Code Section 509(a)(1). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2810189 2810189 2810189 Form 990, Part VI, Section A, line 4 Updates made to bylaws to better define various aspects Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed and approved by the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c Annually, the conflict of interest policy is distributed to the board and officers to see if there are any conflicts. If conflicts exist, those conflicts are addressed on an individual basis, depending on the conflict. Form 990, Part VI, Section B, line 15b Compensation for the Executive Director is first reviewed by the Human Resources Committee of the MACLT Board, which includes the Board Chair, Vice Chair, and Treasurer, at the time of the Executive Director's annual evaluation. The employment contract by and between the Board and the Executive Director specifies that "Employee may be eligible for salary increases at the discretion of Employer, based on Employee's Evaluation, and Employee will receive cost-of-living adjustments to the Salary if approved by the Board of Directors. Form 990, Part VI, Section C, line 19 The Organization does not make its documents available to the public. ARROYO CROSSING PO BOX 1383 MOAB UT 84532 843433558 AFFORDABLE HOUSING UT 501(c)(3) Line 12c, III-FI Moab Area Community Land Trust 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Arroyo Crossing C 1450000 CASH