Form 990 for tax year 2024
Filed by SOUTH TOWER COMMUNITY LAND TRUST.
Totals
- Total revenue
- $1,195,120
- Total expenses
- $313,377
- Contributions and grants received
- $1,179,358
- Grants paid
- $1,000
- Program service revenue
- $15,762
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,013,642
- Total liabilities, end of year
- $1,555
- Net assets or fund balances, end of year
- $1,012,087
- Program services expenses (Part IX)
- $56,687
- Management and general expenses
- $256,690
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $56,687
Program services were 18.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,179,358
-
2a · Program service revenue: Housing
total $13,462 · related or exempt $13,462
-
2b · Program service revenue: Bike Racks
total $2,300 · related or exempt $2,300
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
5 · Compensation of officers, directors and key employees
total $104,000 · management and general $104,000
-
7 · Other salaries and wages
total $37,584 · management and general $37,584
-
9 · Other employee benefits
total $12,535 · management and general $12,535
-
10 · Payroll taxes
total $58,711 · management and general $58,711
-
11b · Fees: legal
total $2,501 · management and general $2,501
-
11g · Fees: other
total $18,716 · program services $18,716
-
12 · Advertising and promotion
total $3,254 · program services $3,254
-
13 · Office expenses
total $10,140 · program services $8,951 · management and general $1,189
-
14 · Information technology
total $1,648 · program services $544 · management and general $1,104
-
17 · Travel
total $6,553 · program services $1,000 · management and general $5,553
-
19 · Conferences, conventions and meetings
total $13,388 · program services $11,463 · management and general $1,925
-
23 · Insurance
total $22,682 · management and general $22,682
-
24a · Other expenses: Printing and Stationary
total $2,356 · program services $403 · management and general $1,953
-
24b · Other expenses: Dues and Subscriptions
total $2,957 · management and general $2,957
-
24c · Other expenses: Design Services
total $2,292 · program services $294 · management and general $1,998
-
24d · Other expenses: Payroll Processing
total $4,166 · program services $4,166
-
24e · All other expenses
total $8,894 · program services $6,896 · management and general $1,998
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $130,344 · end of year $652,248
-
4 · Accounts receivable
end of year $3,800
-
10a · Land, buildings and equipment: cost or other basis
$357,594
-
10c · Land, buildings and equipment, net
end of year $357,594
-
17 · Accounts payable and accrued expenses
end of year $1,555
-
27 · Net assets without donor restrictions
beginning of year $130,344 · end of year $1,012,087
Mission and programs · 2024
Mission
To help the community have access to affordable housing that they will ultimatley own as well as supporting the arts and beautification of Fresnos Tower District.
-
The organization was able to beautify a neighborhood park (Broadway Parque) with custom art bike racks that they designed and manufactured. They were also able to complete the planning for 3 murals with 4 local artists that will be installed in 2025 at San Pablo Park.
Expenses $29,455 · Revenue $46,179
-
The organization hosted the 2nd annual Queer Housing Summit, a conference that connected over 250 individuals who identify as LGBTQ with housing resources and connections
Expenses $23,066 · Revenue $23,733
-
The organization purchased one single family home and began renovations for sale to a moderate income first time homebuyer in 2025.
Expenses $4,166 · Revenue $1,300,114
As filed on the 2024 return.
Listed in Part VII
-
Kiel Schmidt
Executive Director
- Total calculated
- $101,507
- From this org
- $101,507
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
German Quinonez
- Total calculated
- $77,267
- From this org
- $77,267
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Elliot Bailey
- Total calculated
- $48,720
- From this org
- $48,720
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Jess Fitzpatrick
CEO
- Total calculated
- $575
- From this org
- $575
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Miguel Arambula
CFO
- Total calculated
- $0
- Hours/week
- 0
-
Alexandria Desiga
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Stanley Johnson
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Jacob Bailey
- Total calculated
- $0
- Hours/week
- 0
-
Casey Lauderdale
- Total calculated
- $0
- Hours/week
- 0
-
Edgar Salazar
- Total calculated
- $0
- Hours/week
- 0
-
Yania Escobar
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511769349300116
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