2024-11-13T14:51:59-06:00 2023-12-31 450250958 Eide Bailly LLP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2023-01-01 843433558 Arroyo Crossing ARRO 4352100248 125 W 200 S 125 Moab UT 84532 Kara Stoner Treasurer 4352599100 2024-11-13 1 1 Kyle Fritch CPA P01313374 8015322200 2024-11-05 2023 2024-10-15 13:58:12Z Kara Stoner 125 W 200 S 125 Moab UT 84532 366488 0 X N/A X 2019 UT To support the Mission of Moab Area Community Land Trust. 3 3 0 4 0 0 0 24 850672 365056 607 1408 0 0 851279 366488 551000 261500 0 0 0 0 0 0 0 205704 283071 756704 544571 94575 -178083 406747 153264 4398211 4322811 -3991464 -4169547 To support the mission of Moab Area Community Land Trust in order to create the opportunity for permanent affordable housing by preserving land held in trust. 0 0 376114 261500 365056 To provide all necessary infrastructure improvements needed to construct approximately 300 deed restricted residential units and 5 commercial lots on 41 acres located in Grand County, Utah. The mixed use affordable housing project comprised of apartments, cottages, duplexes and single family homes that will be made available to qualifying residents of Grand and San Juan counties in Utah. 376114 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 UT X Karry Deeter 4356869973 148 E Markle Rd La Sal UT 84530 X Elizabeth Dana President 1.00 X X 0 0 0 Jon McKay Vice President 1.00 X X 0 0 0 Barbara Hicks Secretary, Treasurer Jan-Jun 1.00 2.00 X X 0 0 0 Kara Stoner Secretary, Treasurer Jun-Dec 1.00 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 24 24 Lot Leasehold Interest 236000 365056 365056 365056 1408 1408 366488 365056 0 1408 261500 261500 3285 3285 17980 17980 22000 22000 111994 111994 12602 12602 Infrastructure & Equipm 97165 97165 Utilities & Maintenance 17449 17449 Closing Costs 524 524 Postage & Mailing 72 72 544571 376114 168457 0 135538 25710 271209 127554 406747 153264 108211 32811 4290000 4290000 4398211 4322811 X -3991464 -4169547 -3991464 -4169547 406747 153264 -178083 0 X 0 1 X 1 0 X X X 1 MOAB AREA COMMUNITY LAND TRUST 454885063 7 1 261500 0 1 261500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 Part I, Line 12g, Column (vi) The amount reported as other support to Moab Area Community Land Trust reflects amounts capitalized during the tax year and reported as construction and development in process on the Balance Sheet. Part IV, Section D, Line 3 The purpose of Arroyo Crossing is to operate exclusively for the benefit of, to perform functions of, and to carry out the purposes of Moab Area Community Land Trust (MACLT), and operate in connection with MACLT. MACLT entered into a 99-year ground lease to lease land to Arroyo Crossing on which Arroyo Crossing intends to construct and lease new permanently affordable housing and a community facility to MACLT, thereby furthering one of the tax-exempt, charitable purposes of MACLT. One of the directors of MACLT is appointed to serve as member of Arroyo Crossing's Board of Directors. This director also serves as Secretary and Treasurer of Arroyo Crossing. Arroyo Crossing and MACLT share offices, all of which evidence a close and continual relationship as well as a significant voice in investment policies. For example, Arroyo Crossing paid for Earthwork expense to prepare the land for the construction of housing. Part IV, Section E, Line 2a Arroyo Crossing assists Moab Area Community Land Trust (MACLT) with fundraising efforts to support MACLT's charitable mission and to provide the aforementioned new, permanently affordable housing and community facility at favorable, below market rent, which allows MACLT to devote more of its assets to its charitable mission. But for Arroyo Crossing, MACLT would conduct these activities to carry out its mission. 0 X 366488 0 366488 0 366488 544571 0 544571 0 544571 Part X, Line 2: Management believes that Arroyo has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. Arroyo would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Moab Area Community Land Trust PO Box 1383 Moab UT 84532 454885063 501(c)(3) 261500 0 Assist with Permanent Affordable Housing 1 0 Part I, Line 2: The organization keeps records of the grants that have been awarded. They require the recipients to report back to the organization on how the funds were spent to ensure that the grants were spent in accordance with the grant purpose. Form 990, Part VI, Section A, line 6 Arroyo Crossing has one member, Moab Area Community Land Trust. Form 990, Part VI, Section A, line 7a Moab Area Community Land Trust has the ability to appoint one Board Member to Arroyo Crossing's Board of Directors. Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed and approved by the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c Annually, the conflict of interest policy is distributed to the board and officers to see if there are any conflicts. If conflicts exist, those conflicts are addressed on an individual basis, depending on the conflict. Form 990, Part VI, Section B, line 15 Arroyo Crossing does not have any compensated employees. Form 990, Part VI, Section C, line 19 The Organization does not make its governing documents, conflict of interest policy, or audited financial statements available to the public. MOAB AREA COMMUNITY LAND TRUST 1701 MURPHY LANE MOAB UT 84532 454885063 AFFORDABLE HOUSING UT 501(c)(3) Line 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0