Community Land Trust Association Of West Marin
- Assets
- $8.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Point Reyes Station, CA
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 94-3381744
Organization Overview
Community Land Trust Association Of West Marin is located in Point Reyes Station, CA. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Community Land Trust Association Of West Marin employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Land Trust Association Of West Marin 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 12/2021, Community Land Trust Association Of West Marin generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, CLAM PROVIDED ONGOING MANAGEMENT AND STEWARDSHIP OF ITS RENTAL PROPERTIES THAT PROVIDE 18 AFFORDABLE RENTALS IN THE WEST MARIN AREA. THROUGH OUR ACQUISITIONS, WE HAVE PROVIDED HOUSING TO OVER 30 RENTERS IN 18 RENTAL HOUSING UNITS AND TWO AFFORDABLE OWNERSHIP HOMES. CLAM HAS ALSO FACILITATED THE CREATION AND/OR OCCUPANCY OF 24 AFFORDABLE SECOND UNITS IN PRIVATELY-OWNED HOMES THROUGH OUR REAL COMMUNITY RENTALS PROGRAM. SIGNIFICANT IMPROVEMENTS WERE MADE ON TWO RENTAL APARTMENT BUILDINGS CLAM OWNS - THE MESA APTS AND OCEAN TERRACE.
IN 2021 CONTINUE OUR WORK TO SECURE PT. REYES COAST GUARD HOUSING SITE FOR 51 UNITS OF AFFORDABLE HOUSING. CLAM AND OUR 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.
IN 2021, CLAMS HOMES AND REAL COMMUNITY RENTALS PROGRAM PROVIDED HOUSING FOR 63 PEOPLE WHICH INCLUDED: 12 SENIORS, 13 CHILDREN, 36 WHITES, 23 LATINX, AND 4 PACIFIC ISLANDERS. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Vradelis Executive Dir. | Officer | 40 | $91,742 |
Stacey Laumann Executive Dir. | Officer | 40 | $69,026 |
Maureen Cornelia President | OfficerTrustee | 8 | $0 |
Eric Oldmixon Secretary | OfficerTrustee | 2 | $0 |
Corey Ohama Treasurer | OfficerTrustee | 3 | $0 |
Myn Adess Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $312,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,115,445 |
| Noncash contributions included in lines 1a–1f | $242,313 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,427,935 |
| Total Program Service Revenue | $306,509 |
| Investment income | $845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,731,271 |
| 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. | $160,492 |
| Compensation of current officers, directors, key employees. | $28,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,595 |
| Payroll taxes | $33,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,812 |
| Fees for services: Accounting | $49,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,591 |
| Advertising and promotion | $17,680 |
| Office expenses | $24,838 |
| Information technology | $4,586 |
| Royalties | $0 |
| Occupancy | $37,964 |
| Travel | $2,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,442 |
| Insurance | $12,286 |
| All other expenses | $12,519 |
| Total functional expenses | $1,054,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,580,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,036 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $35,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,660 |
| Net Land, buildings, and equipment | $5,742,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,890 |
| Other assets | $152,304 |
| Total assets | $8,547,517 |
| Accounts payable and accrued expenses | $89,999 |
| 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 | $2,507,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,100 |
| Total liabilities | $2,618,859 |
| Net assets without donor restrictions | $3,618,742 |
| Net assets with donor restrictions | $2,309,916 |
| 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 | $8,547,517 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Community Land Trust Association Of West Marin has recieved totaling $306,040.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $115,000 |
The West Marin Fund Point Reyes Station, CA PURPOSE: various restricted | $47,500 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $40,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $30,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $29,835 |
Patty And Jack Wright Foundation Larkspur, CA PURPOSE: GENERAL BUDGET | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |