Nonprofit · EIN 91-1565651
HOMESTEAD COMMUNITY LAND TRUST
Tax-exempt · SEATTLE, WA 98104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,670,323 | $10,983,987 | $686,336 | $50,664,783 | $17,176,727 | $33,488,056 |
| December 31, 2023 | 990 | $22,126,975 | $3,777,581 | $18,349,394 | $50,235,057 | $17,433,337 | $32,801,720 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,828,099
- of which government grants
- $124,940
- Program service revenue
- $8,437,333
- Investment income
- $739,592
- Net rental income
- $133,464
- Net gain from sales of assets
- $288,889
- Net income from fundraising events
- -$73,247
- Other revenue
- $665,299
Expenses
- Grants and similar amounts paid
- $288,889
- Compensation of officers, directors and key employees
- $319,333
- Other salaries and wages
- $845,368
- Salaries, compensation and benefits (total)
- $1,457,343
- Professional fundraising fees
- $0
- Legal fees
- $64,379
- Accounting fees
- $89,260
- Occupancy
- $67,313
- Travel
- $2,143
- Program services (functional)
- $10,304,340
- Management and general (functional)
- $418,233
- Fundraising (functional)
- $261,414
Balance sheet and other
- Total assets, start of year
- $50,235,057
- Total assets, end of year
- $50,664,783
- Total liabilities, end of year
- $17,176,727
- Net assets, end of year
- $33,488,056
- Land, buildings and equipment
- $27,268,612
- Publicly traded securities
- $8,047,073
- Net assets without donor restrictions
- $26,474,056
- Net assets with donor restrictions
- $7,014,000
- Gross receipts
- $12,282,868
- Employees
- 14
- Volunteers
- 46
- Year formed
- 1992
- State of legal domicile
- WA
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 | Other / benefits |
|---|---|---|---|---|
| KATHLEEN HOSFELD | EXECUTIVE DIRECTOR Officer | 60 | $168,208 | $10,117 |
| MARTINA JAMBRICHOVA | FINANCE DIRECTOR Trustee or director, Officer | 36 | $127,072 | $13,936 |
| ERIC PRAVITZ | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 40 | $105,911 | $8,707 |
| CHERYL JACKSON WILLIAMS | BOARD PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| PEARL NELSON | BOARD VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| CHANTE HOUSTON | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JANELLE ROTHFOLK | BOARD SECRETARY (THRU 02/2024) Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN SKINNER | BOARD TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CHANDLER GAYTON | BOARD MEMBER (THRU 08/2024) Trustee or director | 3 | $0 | $0 |
| EILEEN FRANZ | BOARD MEMBER (THRU 07/2024) Trustee or director | 3 | $0 | $0 |
| SHAVON JONES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| REBECCA LANE | BOARD MEMBER (THRU 01/2024) Trustee or director | 3 | $0 | $0 |
| FRANK ELIZONDO-ALCALA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SUSAN ZEMAN | BOARD MEMBER (THRU 01/2024) Trustee or director | 3 | $0 | $0 |
| RACHEL FABER MACHACHA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT LAING | BOARD MEMBER Trustee or director | 3 | $0 |
| JARROD KLUK | BOARD MEMBER Trustee or director | 3 | $0 |
| JULIA JANNON SHIELDS | BOARD MEMBER Trustee or director | 3 | $0 |
| BRIAN NEVILLE | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN HOSFELD | EXECUTIVE DIRECTOR Officer | 60 | $139,515 | $0 |
| MARTINA JAMBRICHOVA | FINANCE DIRECTOR Trustee or director, Officer | 36 | $95,000 | $3,214 |
| BRIAN NEVILLE | INTERIM FINANCE DIRECTOR Officer | 23 | $40,062 | $0 |
| CHERYL JACKSON WILLIAMS | BOARD PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| REBECCA GOBEILLE | BOARD PRESIDENT (THRU 01/2023) Trustee or director, Officer | 3 | $0 | $0 |
| PEARL NELSON | BOARD VICE PRESIDENT Officer | 3 | $0 | $0 |
| JANELLE ROTHFOLK | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ELI KAUFMAN | BOARD SECRETARY (THRU 01/2023) Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN SKINNER | BOARD TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| SUSAN ZEMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SHAVON JONES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| FRANK ELIZONDO-ALCALA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| EILEEN FRANZ | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHANTE HOUSTON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| REBECCA LANE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHANDLER GAYTON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JUANITA MCLAUGHLIN | BOARD MEMBER (THRU 01/2023) Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 412 MAYNARD AVE S, SEATTLE, WA 98104-2917
- In care of
- % JANE DAVIES
- Principal officer (990 for 2024)
- KATHLEEN HOSFELD, 412 MAYNARD AVE S 201, SEATTLE, WA 98104
- Signed the 990
- KATHLEEN HOSFELD, EXECUTIVE DIRECTOR
- Phone
- (206) 323-1227
- Website
- WWW.HOMESTEADCLT.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
HOMESTEAD CLT DEVELOPS LAND AND HOUSING IN TRUST THAT GIVES LOWER-INCOME HOUSEHOLDS THE OPPORTUNITY TO OWN A HOME THAT IS AFFORDABLE TO THEM AND REMAINS AFFORDABLE TO FUTURE OWNERS.
Program accomplishments
- WITH 30+ YEARS' SERVICE TO KING COUNTY, HOMESTEAD COMBINES HOUSING DEVELOPMENT WITH BUYER AND OWNER SUPPORT TO GROW AND PRESERVE AN INVENTORY OF PERMANENTLY AFFORDABLE HOMES AND SUCCESSFUL HOMEOWNERS. EVERY HOME IN TRUST IS SOLD AT AN AFFORDABLE PRICE TO AN INCOME-QUALIFIED HOUSEHOLD AND IS KEPT AFFORDABLE TO ALL FUTURE BUYERS. OUR HOMES PUT THE FINANCIAL, SOCIAL, HEALTH AND ECONOMIC MOBILITY BENEFITS OF OWNERSHIP WITHIN REACH OF THOSE SHUT OUT OF OWNERSHIP BY OUR HIGH-COST MARKET, AND/OR THE LEGACY OF SYSTEMIC HOUSING INEQUITIES. AS A RESULT, OWNERS ARE PLACED ON A PATH TO WEALTH BUILDING AND STABILITY. BY CONSTRUCTING WITH A HIGH ENVIRONMENTAL STANDARD, WE CREATE HOUSING AND CLIMATE EQUITY FOR THESE LOWER-INCOME HOMEOWNERS. THROUGH PARTNERSHIPS WITH PRIVATE DONORS AND PUBLIC AGENCIES, HOMESTEAD IDENTIFIED A PIPELINE OF 218 MORE HOMES TO BUILD OVER THE NEXT FIVE YEARS, ON SURPLUS AND DONATED LAND. BY YEAR END, HOMESTEAD HELD 257 HOMES IN TRUST, AND HAD CREATED OVER 329 FIRST TIME HOMEBUYING OPPORTUNITIES FOR INCOME-QUALIFIED HOUSEHOLDS. BY REMOVING HOMES FROM THE SPECULATIVE MARKET AND HOLDING THEM IN TRUST IN PERPETUITY, HOMESTEAD IS CREATING AN ALTERNATE, AFFORDABLE ECONOMY FOR HOUSING.Expenses $10,304,340 · grants $288,889 · revenue $8,437,333
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
- 91-1565651
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $50,664,783
- Income (IRS master file)
- $12,282,868
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,670,323 | $10,983,987 | $50,664,783 | XML |
| 990 | December 2023 | $22,126,975 | $3,777,581 | $50,235,057 | XML |
| 990 | December 2022 | $11,061,346 | $10,945,680 | $24,071,925 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 91-1565651).
Questions about HOMESTEAD COMMUNITY LAND TRUST
- What is the EIN of HOMESTEAD COMMUNITY LAND TRUST?
- The employer identification number (EIN) of HOMESTEAD COMMUNITY LAND TRUST is 91-1565651.
- Is HOMESTEAD COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to HOMESTEAD COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMESTEAD 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 HOMESTEAD 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 HOMESTEAD 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 HOMESTEAD COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 names KATHLEEN HOSFELD.
- Who are the officers and directors of HOMESTEAD COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 lists 19 people; 3 received compensation from the organization, the highest $168,208 (KATHLEEN HOSFELD, EXECUTIVE DIRECTOR).
- How much revenue does HOMESTEAD COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,670,323, expenses of $10,983,987 and total assets of $50,664,783 at year end.
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