Nonprofit · EIN 68-0004389
TWO VALLEYS COMMUNITY LAND TRUST
Also known as San Geronimo Valley Affordable Housing Association
Tax-exempt · WOODACRE, CA 94973
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $310,966 | $436,353 | -$125,387 | $3,049,782 | $2,983,699 | $66,083 |
| December 31, 2023 | 990 | $385,800 | $441,381 | -$55,581 | $3,250,950 | $3,059,484 | $191,466 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $73,490
- Program service revenue
- $228,855
- Investment income
- $43
- Other revenue
- $8,578
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $84,660
- Salaries, compensation and benefits (total)
- $94,204
- Professional fundraising fees
- $0
- Accounting fees
- $33,338
- Occupancy
- $46,641
- Travel
- $3,253
- Depreciation
- $62,833
- Program services (functional)
- $330,302
- Management and general (functional)
- $105,656
- Fundraising (functional)
- $395
Balance sheet and other
- Total assets, start of year
- $3,250,950
- Total assets, end of year
- $3,049,782
- Total liabilities, end of year
- $2,983,699
- Net assets, end of year
- $66,083
- Land, buildings and equipment
- $2,929,260
- Net assets without donor restrictions
- $66,083
- Gross receipts
- $310,966
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kit Krauss | Chair Trustee or director, Officer | 20 | $0 |
| Howie Cort | Secretary Trustee or director, Officer | 6 | $0 |
| Louis Rosenbaum | Treasurer Trustee or director, Officer | 6 | $0 |
| Suzanne Sadowsky | Director Trustee or director | 6 | $0 |
| Laura Sherman | Vice Chair Trustee or director, Officer | 10 | $0 |
| Joe Walsh | Director Trustee or director | 6 | $0 |
| Tobias Green | Director Trustee or director | 6 | $0 |
| Janet Hughes | Director Trustee or director | 6 | $0 |
| Tammy Newcomb | Director Trustee or director | 6 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIT KRAUSS | CHAIR Trustee or director, Officer | 20 | $0 |
| HOWIE CORT | SECRETARY Trustee or director, Officer | 6 | $0 |
| LOUIS ROSENBAUM | TREASURER Trustee or director, Officer | 6 | $0 |
| SUZANNE SADOWSKY | DIRECTOR Trustee or director | 6 | $0 |
| LAURA SHERMAN | VICE CHAIR Trustee or director, Officer | 10 | $0 |
| JOE WALSH | DIRECTOR Trustee or director | 6 | $0 |
| TOBIAS GREEN | DIRECTOR Trustee or director | 6 | $0 |
| JANET HUGHES | DIRECTOR Trustee or director | 6 | $0 |
| TAMMY NEWCOMB | DIRECTOR Trustee or director | 6 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 152, WOODACRE, CA 94973-0152
- Mailing address (990-N for 2011)
- PO 386, Woodacre CA 94973
- Principal officer (990 for 2024)
- Kit Krauss, PO Box 152, Woodacre, CA 94973
- Principal officer (990-N for 2011)
- Valerie Fonteneau, PO 884, Woodacre CA 94973
- Signed the 990
- Kit Krauss, Board Chair
- Phone
- (415) 488-4890
- Return prepared by
- Hiep Pham CPA Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0004389 or by the name TWO VALLEYS COMMUNITY LAND TRUST.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The mission of the Two Valleys Community Land Trust is to create, preserve and manage affordable housing in the San Geronimo Valley and beyond.
Program accomplishments
- Sage Lane Sage Lane has three shared housing units rented to six low-income seniors built as part of the French Ranch Development. Mobile Home Park The Mobile Home Park on Sir Francis Drake Blvd. has 19 owner-occupied spaces, and 1 affordable rental. The Park was acquired by the County of Marin in December 2014 to preserve it for use as long term affordable housing in the Valley. The Association agreed to become a partner in the project in October 2014. The Association began managing the Park when the County assumed ownership, and on December 23, 2015, the Association acquired the Park and began a major rehab project. Rehab Project The Park has a Rehab budget of $859,040 which will include a new water system, wastewater system, paving, electrical and fencing repairs, a new common building and area and landscaping. Sir Francis Drake Blvd On March 30, 2024, the Association purchased real property with 3 units of low income housing on Sir Francis Drake Boulevard in Forest Knolls.Expenses $330,302 · revenue $228,855
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 68-0004389
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $3,049,782
- Income (IRS master file)
- $310,966
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $310,966 | $436,353 | $3,049,782 | XML |
| 990 | December 2023 | $385,800 | $441,381 | $3,250,950 | XML |
| 990 | December 2022 | $293,697 | $341,505 | $2,488,906 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Valerie Fonteneau | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0004389).
Questions about TWO VALLEYS COMMUNITY LAND TRUST
- What is the EIN of TWO VALLEYS COMMUNITY LAND TRUST?
- The employer identification number (EIN) of TWO VALLEYS COMMUNITY LAND TRUST is 68-0004389.
- Is TWO VALLEYS COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to TWO VALLEYS COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TWO VALLEYS COMMUNITY LAND TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TWO VALLEYS COMMUNITY LAND TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWO VALLEYS COMMUNITY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TWO VALLEYS COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 names Kit Krauss.
- Who are the officers and directors of TWO VALLEYS COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does TWO VALLEYS COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $310,966, expenses of $436,353 and total assets of $3,049,782 at year end.
Other nonprofits in WOODACRE
- MARIN TRAIL STEWARDS EIN 82-1392802 · last filed 990 for 2025
- WOODACRE IMPROVEMENT CLUB EIN 94-1246843 · last filed 990 for 2024
- IN SPIRIT EIN 94-3032391 · last filed 990-EZ for 2025
- VALLEY TOYS AND JOYS CHARITABLE FOUNDATION EIN 94-3162170 · last filed 990-EZ for 2025
- FUND FOR THE TIGER EIN 68-0367190 · last filed 990-EZ for 2025
- BALLET AFSANEH ART AND CULTURE SOCI ETY EIN 77-0265426 · last filed 990 for 2025
- INTERNEWS INTERACTIVE INC EIN 94-3281936 · last filed 990-N for 2025
- MARIN BACKYARD HABITATS INC EIN 39-2871228 · last filed 990-N for 2025
All nonprofits in WOODACRE · California · Housing and shelter