2026-08-17T12:27:43-05:00 2025-09-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-10-01 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 2026-08-17 1 1 WALT MAXWELL P00186333 5617989988 2024 2025-03-06 01:10:19Z CINDEE LACOURSE-BLUM 4938 DAVIS ROAD LAKE WORTH FL 33461 1434206 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. 11 11 3 18 0 0 730660 657670 314619 745308 115958 31228 0 0 1161237 1434206 0 300000 0 0 246980 278843 0 0 0 674773 718110 921753 1296953 239484 137253 9358473 10223436 9986093 10426094 -627620 -202658 X SEE SCHEDULE O. 0 0 1206608 300000 745308 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 2024-25:LAKE WORTH BEACH CLT VILLAS PROJECT - CONSTRUCTION BEGAN ON LAKE WORTH BEACH CLT VILLAS, THE NEXT PHASE OF THE LAKE WORTH BEACH CLT COTTAGE HOMES INITIATIVE. THIS PHASE INCLUDES EIGHT (8) ATTACHED SINGLE-FAMILY HOMES, EACH WITH THREE BEDROOMS AND TWO BATHROOMS, LOCATED ON FOUR LOTS DONATED BY THE LAKE WORTH BEACH CRA. HOMES ARE SET-ASIDE FOR HOUSEHOLDS EARNING AT OR BELOW 80% OF THE AREA MEDIAN INCOME (AMI). THE PROJECT RECEIVED $1 MILLION IN FEDERAL HOME CHDO FUNDING AND $1.64 MILLION IN PALM BEACH COUNTY HOUSING BOND FINANCING.AFFORDABLE HOME SALES - SOLD FOUR (4) AFFORDABLE HOMES UNDER THE COMMUNITY LAND TRUST MODEL TO ELIGIBLE HOUSEHOLDS EARNING BELOW 100% OF THE AREA MEDIAN INCOME (AMI). THESE SALES EXPANDED ACCESS TO STABLE, PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOCAL WORKING FAMILIES.PROVIDED AND MAINTAINED 80 AFFORDABLE RENTAL UNITS AT DAVIS LANDINGS AND LA JOYA VILLAGES, SERVING HOUSEHOLDS WITH INCOMES RANGING FROM 30% TO 120% OF THE AREA MEDIAN INCOME (AMI). THESE DEVELOPMENTS CONTINUE TO OFFER HIGH-QUALITY, STABLE HOUSING OPTIONS FOR A DIVERSE RANGE OF WORKING FAMILIES IN PALM BEACH COUNTY. 1206608 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 3 0 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 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 CYNTHIA LACOURSE-BLUM EXECUTIVE DIRECTOR 40.00 X 122476 0 3420 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 RANDY S WERTEPNY SECRETARY 0.50 X X 0 0 0 SILVIA RICKETTS DIRECTOR 0.50 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 HAZEL LUCAS DIRECTOR 0.50 X 0 0 0 AIME ROGERS DIRECTOR 0.50 X 0 0 0 STACEY STEVENS DIRECTOR 0.50 X 0 0 0 122476 0 3420 1 0 0 0 0 624467 33203 624467 657670 FEES AND CONTRACTS GOV 531390 496412 496412 RENTAL INCOME 531110 248896 248896 745308 31228 31228 1434206 745308 0 31228 300000 300000 121340 103139 18201 114845 97618 17227 25196 21417 3779 17462 14843 2619 13550 8943 4607 43800 28909 14891 11506 7594 3912 22865 12827 10038 15908 15748 160 134789 134789 205526 205526 87671 78903 8768 REPAIRS, MAINT AND EQUI 124305 123346 959 TELECOMMUNICATIONS 30851 25916 4935 PROPERTY TAXES 27339 27090 249 1296953 1206608 90345 0 1269058 1429730 52176 33350 25216 16704 11380773 2637121 7964593 8743652 47430 0 9358473 10223436 1495723 1606694 7766960 8085354 723410 734046 9986093 10426094 X -5355632 -5916955 4728012 5714297 -627620 -202658 9358473 10223436 137253 287709 0 X X 0 1 X 1 0 X 114256 32272 25033 127500 33203 332264 114256 32272 25033 127500 33203 332264 332264 42 115 445 291 31228 32121 317 526 843 365228 2066746 0.90970 0.99600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4557584 4557584 6806969 2622601 4184368 1700 1700 14520 14520 0 8743652 DEPOSITS 26366 LINE OF CREDIT 14706 DUE TO PALM BEACH COUNTY 692974 734046 X 1434206 0 1434206 0 1434206 1296953 0 1296953 0 1296953 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, 2025 OR 2024. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2022. 0 HOMEOWNER ASSISTANCE 3 300000 FMV X 5 624467 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. FORM 990, PART XI, LINE 8: IN MARCH 2024, THE ORGANIZATION ENTERED INTO A LOAN AGREEMENT WITH BHP COMMUNITY LAND TRUST, INC. IN THE FORM OF A PROMISSORY NOTE TOTALING $287,709. FUNDING WAS SECURED IN ORDER TO PURCHASE AND REFURBISH A RESIDENCE LOCATED IN LAKE WORTH BEACH, FLORIDA. THE LOAN WAS ORIGINALLY INTENDED TO BE A NON-INTEREST BEARING LOAN, COLLATERALIZED BY A MORTGAGE LIEN ON CERTAIN REAL PROPERTY, DUE UPON THE SALE OF THE RESIDENCE. THIS OBLIGATION WAS FORGIVEN IN AUGUST OF 2024, AND WAS RECOGNIZED AS A GRANT ON THE CONSOLIDATED STATEMENT OF ACTIVITIES. 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 LLC 4938 DAVIS ROAD LAKE WORTH FL 33461 DEVELOP AND MARKET AFFORDABLE HOUSING FL COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND TREASURE COAST