2025-04-01T11:02:01-05:00 2024-06-30 561719839 EARNEY Accountants & Advisors PLLC 700 Military Cutoff Road Suite 250 Wilmington NC 28405 990 2023-07-01 306172153 Cape Fear Community Land Trust Inc CAPE 9102180022 PO Box 1143 Wilmington NC 28402 Roger Gins Treasurer 9102180022 2025-04-01 1 0 Ryan Skuce CPA P00742864 9102569995 2025-03-25 2023 2025-03-06 01:10:19Z Roger Gins PO Box 1143 Wilmington NC 28402 251937 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 79322 202072 25113 20020 761 29845 566 0 105762 251937 0 0 0 0 49318 87417 0 0 9251 38028 39070 87346 126487 18416 125450 412348 437330 144977 44509 267371 392821 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 80613 48600 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 80613 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 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 B 30.00 X 79849 0 0 79849 0 0 0 0 0 0 0 37500 164572 96000 202072 Program Rentals 531110 11023 11023 Project Income 900099 6000 6000 Land Trust Ground Leas 532000 2997 2997 20020 1265 1265 28580 0 28580 28580 28580 251937 48600 0 1265 79848 59887 11977 7984 226 169 34 23 7343 5508 1101 734 17611 17611 131 131 1714 1166 210 338 1037 1037 3868 3181 515 172 888 888 385 385 4910 4910 984 984 Bad Debt Expense 5175 5175 Other program expenses 1919 1919 Acquitision and Project 448 448 126487 80613 36623 9251 78934 116502 300 2579 333414 317949 412348 437330 3284 4238 138732 37310 2961 2961 144977 44509 X 71321 198071 196050 194750 267371 392821 412348 437330 125450 0 X 0 1 X 1 0 X 81897 41052 81566 24122 40000 268637 191418 25475 21572 25113 10495 274073 273315 66527 103138 49235 50495 542710 0 0 0 542710 2 761 1265 2028 2 761 1265 2028 273315 66527 103140 49996 51760 544738 0.99630 0.99860 0.00370 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Property Rental 138538 Property Held for Future Use 175950 ROU Lease Asset 2961 Ernest Money 500 317949 ST Lease Liability 2961 2961 271937 20000 20000 251937 0 251937 146487 20000 20000 126487 0 126487 X 8 96000 FMV 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.