Two Valleys Community Land Trust
- Assets
- $3.3m
- Revenue
- $385.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Woodacre, CA
- Founding
- 05/1984
- Data as of
- 12/2023
- EIN
- 68-0004389
Organization Overview
Two Valleys Community Land Trust is located in Woodacre, CA. The organization was established in 1984. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Two Valleys Community Land Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Valleys Community Land Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Two Valleys Community Land Trust generated $385.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $441.4k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TWO VALLEYS COMMUNITY LAND TRUST IS TO CREATE, PRESERVE AND MANAGE AFFORDABLE HOUSING IN THE SAN GERONIMO VALLEY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT & MAINTENANCE OF 6 LOW-INCOME AFFORDABLE HOUSING UNITS IN FOREST KNOLLS, CA
MISCELLANEOUS EXPENSE
MANAGEMENT & MAINTENANCE OF LOW-INCOME AFFORDABLE HOUSING 20 UNIT MOBILE HOME PARK KNOWN AS "FOREST KNOLLS TRAILER COURT".
ORGANIZATION PURCHASED A 3 UNIT APARTMENT BUILDING WHICH NEEDED A LOT OF WORK TO MAKE HABITABLE. WE ARE UNABLE TO GET APPROVAL FOR A LARGE ENOUGH SEPTIC SYSTEM, SO PLAN TO SELL THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kit Krauss Chair | OfficerTrustee | 20 | $0 |
Howie Cort Secretary | OfficerTrustee | 6 | $0 |
Louis Rosenbaum Treasurer | OfficerTrustee | 6 | $0 |
Suzanne Sadowsky Director | Trustee | 6 | $0 |
Laura Sherman Vice Chair | OfficerTrustee | 10 | $0 |
Joe Walsh Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,079 |
| Total Program Service Revenue | $225,678 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,800 |
| Fees for services: Accounting | $26,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,050 |
| Advertising and promotion | $0 |
| Office expenses | $2,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $802 |
| Interest | $60,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,005 |
| Insurance | $14,200 |
| All other expenses | $36,501 |
| Total functional expenses | $441,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,411 |
| Savings and temporary cash investments | $62,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $800 |
| Net Land, buildings, and equipment | $2,992,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,250,950 |
| Accounts payable and accrued expenses | $6,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,049,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,585 |
| Total liabilities | $3,059,484 |
| Net assets without donor restrictions | $191,466 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,250,950 |