2025-08-14T12:57:56-05:00 2024-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2023-10-01 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 2025-08-14 1 1 WALT MAXWELL P00186333 5617989988 2023 2025-03-06 01:10:19Z CINDEE LACOURSE-BLUM 4938 DAVIS ROAD LAKE WORTH FL 33461 1423413 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. 9 9 3 6 0 0 242008 730660 322867 314619 -94030 115958 0 0 470845 1161237 0 0 0 0 255873 246980 0 0 0 616022 674773 871895 921753 -401050 239484 8684877 9358473 9551981 9986093 -867104 -627620 X SEE SCHEDULE O. 0 0 830176 430286 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 2023-24:COMPLETED THE LAKE WORTH BEACH E STREET CLT COTTAGE HOMES PROJECT. THIS PROJECT IS COMPRISED OF THREE 3 BD/2BA SINGLE FAMILY HOMES TARGETED TO 100% AMI HOMEBUYERS. THE PROJECT WAS AWARDED $287,700 IN AMERICAN RECOVERY ACT DOLLARS FROM PALM BEACH COUNTY AND THE LWBCRA DONATED THE LOTS. BELOW MARKET CONSTRUCTION FINANCING WAS PROVIDED BY JP MORGAN CHASE THROUGH THEIR PRONEIGHBORHOODS GRANT PROGRAM. BEGAN PREDEVELOPMENT OF THE LAKE WORTH BEACH CLT VILLAS PROJECT. THIS PHASE OF THE LAKE WORTH BEACH CLT COTTAGE HOMES PROJECT WILL BE COMPRISED OF EIGHT 3 BED/2BA ATTACHED SINGLE FAMILY HOMES ON 4 LOTS. THE LOTS WERE DONATED BY THE LAKE WORTH BEACH CRA. THE UNITS WILL BE TARGETED TO HOUSEHOLDS WITH INCOMES AT OR BELOW 80% OF THE AMI. THE PROJECT HAS BEEN AWARDED $1 MILLION IN FEDERAL HOME CHDO FUNDING AND HAS RECEIVED CONCEPTUAL APPROVAL OF $1.64 MILLION IN PALM BEACH COUNTY HOUSING BOND FINANCING.SOLD 3 (THREE) AFFORDABLE HOUSES UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO ELIGIBLE HOUSEHOLDS WITH INCOMES BELOW 100% AMI. 830176 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 0 0 X 9 9 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 TAMMY MCDONALD 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 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 CYNTHIA LACOURSE-BLUM EXECUTIVE DIRECTOR 40.00 X 115254 0 3420 115254 0 3420 1 0 0 0 0 603160 127500 603160 730660 RENTAL INCOME 531110 249476 249476 FEES AND CONTRACTS GOV 531390 65143 65143 314619 291 291 377843 262176 115667 115667 115667 1161237 430286 0 291 108572 92286 16286 88387 75129 13258 33815 28743 5072 16206 13775 2431 1574 1039 535 64238 42398 21840 22882 15102 7780 24567 13759 10808 20332 20127 205 119740 119740 205526 205526 82114 73902 8212 REPAIRS, MAINT AND EQUI 99719 98860 859 TELECOMMUNICATIONS 26388 22167 4221 PROPERTY TAXES 7693 7623 70 921753 830176 91577 0 1334570 1269058 21478 52176 17509 25216 10396188 2431595 7245483 7964593 65837 47430 8684877 9358473 1363533 1495723 7393990 7766960 794458 723410 9551981 9986093 X -4672180 -5355632 3805076 4728012 -867104 -627620 8684877 9358473 239484 0 X X 0 1 X 1 0 X 155728 114256 32272 25033 127500 454789 155728 114256 32272 25033 127500 454789 454789 101 42 115 445 291 994 317 526 843 456626 1636726 0.99600 0.99130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3927434 3927434 6452534 2417075 4035459 1700 1700 14520 14520 0 7964593 DEPOSITS 25624 LINE OF CREDIT 4812 DUE TO PALM BEACH COUNTY 692974 723410 X 1161237 0 1161237 0 1161237 921753 0 921753 0 921753 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, 2024 OR 2023. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2021. X 5 603160 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