Nonprofit · EIN 26-2948288
SOUTHERN ARIZONA LAND TRUST INC
Tax-exempt · TUCSON, AZ 85712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,212,148 | $2,021,189 | $190,959 | $21,356,910 | $6,088,205 | $15,268,705 |
| December 31, 2023 | 990 | $2,569,672 | $1,891,881 | $677,791 | $20,670,576 | $5,623,871 | $15,046,705 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,848
- Program service revenue
- $1,897,866
- Investment income
- $238,867
- Net gain from sales of assets
- $215,433
- Other revenue
- $39,567
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $274,319
- Other salaries and wages
- $277,120
- Salaries, compensation and benefits (total)
- $674,978
- Professional fundraising fees
- $0
- Legal fees
- $18,816
- Accounting fees
- $20,336
- Occupancy
- $590,412
- Travel
- $21,850
- Depreciation
- $357,815
- Program services (functional)
- $1,827,595
- Management and general (functional)
- $193,594
Balance sheet and other
- Total assets, start of year
- $20,670,576
- Total assets, end of year
- $21,356,910
- Total liabilities, end of year
- $6,088,205
- Net assets, end of year
- $15,268,705
- Land, buildings and equipment
- $17,007,792
- Publicly traded securities
- $1,162,352
- Net assets without donor restrictions
- $15,268,705
- Gross receipts
- $2,907,106
- Employees
- 7
- Year formed
- 2008
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGG T SASSE | EXECUTIVE DI Officer | 40 | $144,550 | $23,556 |
| DEBRA SEIDL | ACCT/FINANCE Officer | 40 | $90,100 | $16,113 |
| SHAIMA NAMAZIFORD | BOARD SECRET Trustee or director, Officer | 0.25 | $0 | $0 |
| KENNETH SILVERMAN | BOARD TREASU Trustee or director, Officer | 0.33 | $0 | $0 |
| FRANK VALENZUELA | BOARD CHAIRM Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGG T SASSE | EXECUTIVE DI Officer | 40 | $154,790 | $23,022 |
| DEBRA SEIDL | ACCT/FINANCE Officer | 40 | $93,035 | $14,850 |
| SHAIMA NAMAZIFORD | BOARD SECRET Trustee or director, Officer | 0.25 | $0 | $0 |
| KENNETH SILVERMAN | BOARD TREASU Trustee or director, Officer | 0.33 | $0 | $0 |
| FRANK VALENZUELA | BOARD CHAIRM Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3044 N ALVERNON WAY, TUCSON, AZ 85712-1431
- In care of
- % RUSSO RUSSO & SLANIA PC
- Principal officer (990 for 2024)
- GREGG T SASSE, 3044 N ALVERNON WAY, TUCSON, AZ 85712
- Signed the 990
- GREGG T SASSE, EXECUTIVE DIRECTOR
- Phone
- (520) 352-2626
- Return prepared by
- LUDWIG KLEWER & RUDNER PLLC
Mission
THE MISSION OF SOUTHERN ARIZONA LAND TRUST INC. IS TO PROMOTE COMMUNITY INTERESTS IN PIMA COUNTY AND SOUTHERN ARIZONA BY INVESTING IN AND REVITALIZING NEIGHBORHOODS THROUGH THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING.
Program accomplishments
- INVEST AND REVITALIZE AREAS IN TUCSON HIT HARDEST IN THE GREAT RECESSION WITH GRANT FUNDING RECEIVED FROM THE NEIGHBORHOOD STABILIZATION PROGRAM 2 (NSP2) AND IN SUPPORT OF THE ACTIVITIES OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF PIMA COUNTY. ACCOMPLISHMENT: TOTAL RENTAL PORTFOLIO INCLUDES 130 SINGLE FAMILY HOMES, 20% OF WHICH, SERVE FAMILIES AT OR BELOW 50% OF MEDIAN INCOME (AMI). THIS PROGRAM SERVICE CONTINUES TO ACCOMPLISH STABLE AFFORDABLE HOUSING WITH THE AVERAGE LENGTH OF OCCUPANCY OF APPROXIMATELY FIVE (5) YEARS.Expenses $1,827,595 · revenue $1,925,787
- SUPPORT AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT PURPOSES AND ACTIVITIES OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA AND IT'S AFFILIATES. ACCOMPLISHMENT: DEVELOPED AND CONSTRUCTED 3 SINGLE-FAMILY HOMES (BENTLEY) FOR THE PURPOSE OF PROVIDING NEW AFFORDABLE HOUSING TO 120% AMI OR BELOW TENANTS. 100% OF THE HOMES BUILT WERE ADDED TO THE EXISTING RENTAL PORTFOLIO. THE 1M PROJECT AT S BENTLEY AVE PROVIDED ECONOMIC OPPORTUNITIES FOR SUBCONSTRACTORS, VENDORS AND MATERIAL SUPPLIERS. THIS DEVELOPMENT ACTIVITY TRANSFORMED A DONATED LAND PARCEL INTO NEW ENERGY EFFICIENT HOMES AND ADDED VAUABLE HOUSING STOCK TO A COMMUNITY THAT IS LACKING AFFORDABLE HOUSING INVENTORY. SALES OF SELECTED HOMES IN CURRENT RENTAL PORTFOLIO PROVIDED FUNDING NEEDED TO COMPLETE THIS PROJECT.revenue $325,119
- PROVIDE NEW AFFORDABLE HOUSING TO LOW INCOME AND MODERATE INCOME FAMILIES IN TUCSON THROUGH THE DEVELOPMENT OF LANDBANK PROPERTIES. ACCOMPLISHMENT: BELNOR VISTA: SECURED WATER TO BLOCK IV. WORK IN PROGRESS WITH THE DEVELOPMENT PLANS FOR BLOCK I AND THE ONSITE SEWER SYSTEM PLANS. EMERY PARK PLACE: FULLY DEVELOPMENT OF THE 1.3-ACRE SITE AND COMPLETED 80% OF FOUR (4) NEW DUPLEXES IN CONJUNCTION WITH AFFILIATE ORGANIZATION. PINAL VISTA PLACE: SOLD THE PROPERTY TO AFFILIATE ORGANIZATION FOR A FUTURE AFFORDABLE HOUSING. ELSTONE II: DESIGN THREE (3) HOUSE PLANS AND WORKING ON PREDEVELOPMENT FOR THIS FUTURE TEN (10) LOT AFFORDABLE HOUSING SUBDIVISION.revenue -$109,686
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2948288
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $21,356,910
- Income (IRS master file)
- $2,907,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,212,148 | $2,021,189 | $21,356,910 | XML |
| 990 | December 2023 | $2,569,672 | $1,891,881 | $20,670,576 | XML |
| 990 | December 2022 | $2,439,427 | $1,855,560 | $19,963,207 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2948288).
Questions about SOUTHERN ARIZONA LAND TRUST INC
- What is the EIN of SOUTHERN ARIZONA LAND TRUST INC?
- The employer identification number (EIN) of SOUTHERN ARIZONA LAND TRUST INC is 26-2948288.
- Is SOUTHERN ARIZONA LAND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SOUTHERN ARIZONA LAND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SOUTHERN ARIZONA LAND TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHERN ARIZONA LAND TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN ARIZONA LAND TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHERN ARIZONA LAND TRUST INC?
- The 990 for the year ended December 31, 2024 names GREGG T SASSE.
- Who are the officers and directors of SOUTHERN ARIZONA LAND TRUST INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $144,550 (GREGG T SASSE, EXECUTIVE DI).
- How much revenue does SOUTHERN ARIZONA LAND TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,212,148, expenses of $2,021,189 and total assets of $21,356,910 at year end.
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All nonprofits in TUCSON · Arizona · Community improvement and capacity building