2024-01-15T14:30:38-06:00 2023-06-30 561719839 Earney & Company LLP 710 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2022-07-01 306172153 Cape Fear Community Land Trust Inc CAPE 9102180022 PO Box 1143 Wilmington NC 28402 Roger Gins Treasurer 9102180022 2024-01-15 1 Roger Gins 999009999 0 Ryan Skuce CPA P00742864 9102569995 2024-01-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Roger Gins PO Box 1143 Wilmington NC 28402 105762 0 X www.foreverplaces.org X 2009 NC Cape Fear Community Land Trust (CFCLT) exists to sustain vibrant, diverse communities by creating housing opportunities for working families. Our vision is a region filled with vibrant, holistic, and economically diverse communities with no barriers to quality, affordable housing, so that all citizens have a choice of where to live, work, and play. 9 9 2 9 0 0 81566 79322 21572 25113 26969 761 0 566 130107 105762 0 0 0 0 40973 49318 0 0 2774 36717 38028 77690 87346 52417 18416 347357 412348 98402 144977 248955 267371 X Cape Fear Community Land Trust (CFCLT) exists to sustain vibrant, diverse communities by creating housing opportunities for working families. Our vision is a region filled with vibrant, holistic, and economically diverse communities with no barriers to quality, affordable housing, so that all citizens have a choice of where to live, work, and play. 0 0 65468 25679 The Cape Fear Community Land Trust exists to sustain vibrant and economically diverse communities in the Cape Fear region through land stewardship and seeks to provide permanently affordable housing, business opportunities, and community amenities. It aims to impact affordability on a permanent basis by building and renovating homes and businesses in the Community Land Trust (CLT) model where ownership, or tenancy, is conveyed to qualifying individuals or businesses using a 99-year, renewable, inheritable ground lease which intentionally limits appreciation.By offering homes or businesses to qualified low- and moderate-income families yet retaining ownership of the land under these individual properties the Land Trust removes the land cost component from the sales price equation. By holding the land "in trust," the Land Trust aims to lock in affordability for future generations 65468 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 NC X X Paul Stavovy 9102180022 PO Box 1143 Wilmington NC 28402 Stephen C Whitney President 1.00 X X 0 0 0 Kathy King Vice President 1.00 X X 0 0 0 Roger Gins Treasurer 1.00 X X 0 0 0 Aaron Roberts Secretary 1.00 X X 0 0 0 Al Sharp Director 1.00 X 0 0 0 Dorian Cromartie Director 1.00 X 0 0 0 Gwendolyn Flowers Director 1.00 X 0 0 0 Heather Purdin Director 1.00 X 0 0 0 Vance Williams Director 1.00 X 0 0 0 Paul Stavovy Executive Director - Not Board Member 30.00 X 39000 0 0 39000 0 0 0 0 0 0 0 24000 55322 55200 79322 Program Rentals 531110 19263 19263 Land Trust Ground Leas 532000 5850 5850 25113 761 761 Tax Refund 900099 566 566 566 105762 25679 0 761 39000 31200 5850 1950 8106 6485 1216 405 2212 1770 332 110 1706 1706 493 493 3461 2843 463 155 427 427 3193 2577 462 154 755 755 36 36 2144 2144 4912 4912 5601 5601 Bad Debt Expense 9075 9075 Acquitision and Project 5078 5078 Other program expenses 1147 1147 87346 65468 19104 2774 170237 78934 1050 176070 333414 347357 412348 9587 3284 88815 138732 0 2961 98402 144977 X 151455 71321 97500 196050 248955 267371 347357 412348 18416 0 X X 0 1 X 1 0 X 34827 81897 41052 81566 24122 263464 30623 191418 25475 21572 25113 294201 65450 273315 66527 103138 49235 557665 0 0 0 557665 2 761 763 2 761 763 65450 273315 66527 103140 49996 558428 0.99860 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Property Rental 146409 Property Held for Future Use 184044 ROU Lease Asset 2961 333414 ST Lease Liability 2961 2961 123762 18000 18000 105762 0 105762 105346 18000 18000 87346 0 87346 X X X X 0 0 0 0 0 0 0 0 0 X 1 55200 Tax value 0 0 0 Form 990, Part VI, Section B, line 11b A copy of the Form 990 is provided to the organizations governing body for review prior to filing. Form 990, Part VI, Section B, line 12c Conflict of Interest Policy is reviewed by BOD members and employees annually. Form 990, Part VI, Section B, line 15a The BOD performs an annual performance review for the Executive Director and sets compensation based on the results of that review and analysis. BOD decisions are documented in the minutes. Form 990, Part VI, Section C, line 18 Form 990 is available at guidestar.org or upon request of the organization. Form 990, Part VI, Section C, line 19 Governing documents are available at the NC Secretary of State's website or upon request from the organization. Form 990 Line 2c The process has not changed from the prior year.