2024-07-25T17:29:05-05:00 2023-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2022-10-01 205090958 COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC COMM 5613188430 4938 DAVIS ROAD LAKE WORTH FL 33461 CINDEE LACOURSE-BLUM EXECUTIVE DIRECTOR 5613188430 2024-07-25 1 CINDEE LACOURSE-BLUM XXX-XX-XXXX 1 WALT MAXWELL P00186333 5617989988 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDEE LACOURSE-BLUM 4938 DAVIS ROAD LAKE WORTH FL 33461 943163 0 X WWW.CLTOFPBC.ORG X 2006 FL TO INCREASE THE PERMANENT SUPPLY OF HOUSING AFFORDABLE FOR VERY-LOW, LOW AND MODERATE INCOME RESIDENTS IN PALM BEACH COUNTY. 10 10 3 11 0 0 1385660 242008 325726 322867 -770559 -94030 526 0 941353 470845 0 0 0 0 251954 255873 0 0 0 790619 616022 1042573 871895 -101220 -401050 7684960 8684877 8151014 9551981 -466054 -867104 X SEE SCHEDULE O. 0 0 793839 228392 THROUGH THE COMMITMENT OF ITS ALL-VOLUNTEER BOARD OF DIRECTORS, THE DEDICATION OF ITS STAFF, AND SUPPORT OF ITS MEMBERS, THE CLT OF PBCTC HAS BEEN ABLE TO ACCOMPLISH THE FOLLOWING IN FY 2022-23:NEW HOUSING CONSTRUCTION: COMPLETED THE FIRST HOME IN THE LAKE WORTH BEACH CLT COTTAGE HOMES PROJECT. THIS HOME IS SET ASIDE FOR HOUSEHOLDS WITH INCOMES AT 80% AND BELOW OF THE AMI.BROKE GROUND ON THE LAKE WORTH BEACH E STREET CLT COTTAGE HOMES PROJECT. THIS PROJECT IS COMPRISED OF THREE 3 BD/2BA SINGLE FAMILY HOMES TARGETED TO HOUSEHOLDS AT 100% OF THE AMI. THE PROJECT WAS AWARDED $287,700 IN AMERICAN RECOVERY ACT DOLLARS FROM PALM BEACH COUNTY AND THE LWBCRA DONATED THE LOTS.INITIATED THE DONATION OF AN ADDITIONAL 3 THREE LOTS FROM THE LAKE WORTH BEACH CRA FOR THE LAKE WORTH BEACH COTTAGE HOMES PROJECT.CLT HOMEOWNERSHIP:SOLD 1 (ONE) AFFORDABLE HOUSE UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO AN ELIGIBLE HOUSEHOLD WITH AN INCOME BELOW 80% AMI.EXECUTED NINE (9) PRESALE AGREEMENTS FOR DAVIS COMMONS WITH BUYERS WHOSE ANNUAL INCOME IS AT OR BELOW 120% AMI.CLT RENTALS:MADE 82 AFFORDABLE RENTAL HOUSING UNITS AVAILABLE TO HOUSEHOLDS WITH INCOMES RANGING FROM 30% AMI TO 120% AMI AT DAVIS LANDINGS AND LA JOYA VILLAGES.GRANTS AWARDED:AWARDED $20,000 OPERATING GRANT FROM WELLS FARGOAWARDED $10,000 OPERATING GRANT FROM BANKUNITEDAWARDED $5,000 OPERATING GRANT FROM FINEMARK NATIONAL BANK AND TRUSTAWARDED $2,000 OPERATING GRANT FROM SYNOVUSSUBMITTED FOR $65K IN EMPLOYEE RETENTION CREDIT FROM IRSPROGRAM EXPANSION:OBTAINED THE CITY OF PORT ST LUCIE COUNCIL'S APPROVAL TO MOVE FORWARD WITH A BUYER INITIATED CLT PROGRAM IN THE CITY THE FIRST IN THE STATE OF FLORIDA. 793839 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 0 0 0 0 1 1 0 3 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X CINDEE LACOURSE-BLUM 5613188430 4938 DAVIS ROAD LAKE WORTH FL 33461 TIMOTHY P WHEAT PRESIDENT 0.50 X X 0 0 0 HAZEL LUCAS VICE PRESIDENT 0.50 X X 0 0 0 ANDREW ZEEMAN TREASURER 0.50 X X 0 0 0 SILVIA RICKETTS SECRETARY 0.50 X X 0 0 0 SHIRLEY ERAZO DIRECTOR 0.50 X 0 0 0 TANGENICA HENRY DIRECTOR 0.50 X 0 0 0 TAMMY MCDONALD DIRECTOR 0.50 X 0 0 0 DERRICK PENN DIRECTOR 0.50 X 0 0 0 RANDY S WERTEPNY DIRECTOR 0.50 X 0 0 0 SANDRA YOUNG DIRECTOR 0.50 X 0 0 0 CINDEE LACOURSE-BLUM EXECUTIVE DIRECTOR 40.00 X 108493 0 0 108493 0 0 1 0 0 0 0 216975 25033 216975 242008 RENTAL INCOME 531110 244504 244504 FEES AND CONTRACTS GOV 531390 78363 78363 322867 445 445 377843 472318 -94475 -94475 -94475 470845 228392 0 445 111410 94699 16711 92406 78545 13861 3725 3166 559 32365 27510 4855 15967 13572 2395 3625 2393 1232 55138 36392 18746 239 158 81 93 7 86 18643 10445 8198 17669 17491 178 136198 136198 204687 204687 69729 62756 6973 REPAIRS, MAINT AND EQUI 78686 78023 663 TELECOMMUNICATIONS 21993 18475 3518 PROPERTY TAXES 9322 9322 871895 793839 78056 0 976988 1334570 14202 21478 11652 17509 9471552 2226069 6616281 7245483 65837 65837 7684960 8684877 1366911 1363533 5989094 7393990 795009 794458 8151014 9551981 X -3474068 -4672180 3008014 3805076 -466054 -867104 7684960 8684877 -401050 0 X X 0 1 X 1 0 X 196969 155728 114256 32272 25033 524258 196969 155728 114256 32272 25033 524258 524258 162 101 42 115 445 865 2898 317 526 3741 528864 1703607 0.99130 0.98990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2978494 2978494 6476838 2211549 4265289 1700 1700 14520 14520 0 7245483 DEPOSITS 24407 LINE OF CREDIT 77077 DUE TO PALM BEACH COUNTY 692974 794458 X 470845 0 470845 0 470845 871895 0 871895 0 871895 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2023 OR 2022. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2020. X 3 216975 APPRAISAL 0 0 0 FORM 990, PART III, LINE 1: IT IS THE MISSION OF THE COMMUNITY LAND TRUST OF PALM BEACH COUNTY TO INCREASE THE PERMANENT SUPPLY OF HOUSING AFFORDABLE FOR VERY-LOW, LOW AND MODERATE INCOME RESIDENTS IN PALM BEACH COUNTY BY UNDERTAKING THE FOLLOWING ACTIVITIES: LAND ACQUISITION, HOUSING DEVELOPMENT AND PRESERVATION; TO CREATE A PERMANENT SUPPLY OF BOTH RENTAL AND HOWEOWNERSHIP OPPORTUNITIES; TO DEVELOP THE COMMUNTIY LAND TRUST MODEL AS AN EFFECTIVE TOOL IN MEETING THE LONG TERM AFFORDABLE HOUSING NEEDS OF PALM BEACH COUNTY RESIDENTS; TO CREATE VIBRANT MIXED-INCOME COMMUNITIES CONSISTING OF VERY-LOW, LOW AND MODERATE INCOME FAMILIES; TO UNDERTAKE A CLIENT FOCUSED APPROACH TO COMMUNITY DEVELOPMENT; TO CREATE SUSTAINABLE COMMUNITIES AND TO COLLABORATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS ARE DISCLOSED AS THEY ARISE AND AN OPINION IS THEN SOUGHT FROM THE ORGANIZATION'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVE THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR, AFTER A RECORDED DISCUSSION AT A PUBLICALLY NOTICED MEETING. THEY COMPARE THE PACKAGE WITH THAT OF OTHER EXECUTIVE DIRECTORS OF OTHER COMMUNITY LAND TRUSTS IN PALM BEACH COUNTY. FORM 990, PART VI, SECTION C, LINE 19 THE DISCLOSURES OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT POLICY HAS NOT CHANGED. LA JOYA LLC 1600 NE 12TH TERRACE FORT LAUDERDALE FL 33305 814359229 PROVIDE AFFORDABLE HOUSING FL COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND TREASURE COAST DAVIS COMMONS LLLC 4938 DAVIS ROAD LAKE WORTH FL 33461 DEVELOP AND MARKET AFFORDABLE HOUSING FL COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND TREASURE COAST