Form 990 for tax year 2024

Filed by SOUTH BAY COMMUNITY LAND TRUST.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 7 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $457,077 changed to $510,399
Total expenses: $809,034 changed to $862,357
Program service revenue: $3,666 changed to $3,670
Other revenue: -$105,972 changed to -$52,654
Program services expenses: $150,741 changed to $561,745
Management and general expenses: $658,293 changed to $219,546
Fundraising expenses: $0 changed to $81,066
Program service expenses (Part III): $150,741 changed to $561,745

Listed only on the earlier return

Juan Lujano
Tafhari Franklin

Listed only on the later return

Delma Hernandez
Dina Ree
Jose Lujano
Laura Diaz Tovar

Listed under a different title

Elizabeth Gonzalez: President then Board President

Totals

Total revenue: $457,077
Total expenses: $809,034
Contributions and grants received: $558,268
Grants paid: $0
Program service revenue: $3,666
Investment income: $1,115
Other revenue: -$105,972
Total assets, end of year: $6,658,005
Total liabilities, end of year: $6,186,425
Net assets or fund balances, end of year: $471,580
Program services expenses (Part IX): $150,741
Management and general expenses: $658,293
Fundraising expenses: $0
Program service expenses (Part III): $150,741

Program services were 18.6% 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.

1e · Government grants (contributions)

$89,771
1f · All other contributions, gifts and grants

$468,497
2a · Program service revenue: Program Revenue

total $3,666 · related or exempt $3,666
3 · Investment income

total $1,115 · related or exempt $1,115
6a · Gross rents

real property $235,382
6b · Less rental expenses

real property $361,614
6c · Rental income or loss

real property -$126,232
6d · Net rental income or loss

total -$126,232 · related or exempt -$126,232
8c · Net income from fundraising events

total $0
11a · Other revenue: Other Income

total $20,260 · related or exempt $20,260
11e · Other revenue, total

$20,260

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $444,234 · management and general $444,234
9 · Other employee benefits

total $57,533 · management and general $57,533
10 · Payroll taxes

total $36,902 · management and general $36,902
11b · Fees: legal

total $6,565 · program services $5,071 · management and general $1,494
11c · Fees: accounting

total $69,396 · management and general $69,396
11g · Fees: other

total $14,570 · program services $13,036 · management and general $1,534
13 · Office expenses

total $46,774 · program services $9,513 · management and general $37,261
17 · Travel

total $4,162 · management and general $4,162
19 · Conferences, conventions and meetings

total $3,141 · management and general $3,141
22 · Depreciation, depletion and amortization

total $123,121 · program services $123,121
23 · Insurance

total $1,773 · management and general $1,773
24a · Other expenses: Meals

total $862 · management and general $862
24b · Other expenses: Rounding

total $1 · management and general $1

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $478,305 · end of year $243,774
2 · Savings and temporary cash investments

beginning of year $64,908 · end of year $11,836
3 · Pledges and grants receivable

beginning of year $33,101 · end of year $51,988
4 · Accounts receivable

beginning of year $155,139 · end of year $70,983
9 · Prepaid expenses and deferred charges

beginning of year $9,117 · end of year $25,715
10a · Land, buildings and equipment: cost or other basis

$6,428,147
10b · Land, buildings and equipment: accumulated depreciation

$174,440
10c · Land, buildings and equipment, net

beginning of year $1,690,705 · end of year $6,253,707
15 · Other assets

beginning of year $2 · end of year $2
17 · Accounts payable and accrued expenses

beginning of year $18,149 · end of year $9,186
23 · Secured mortgages and notes payable

end of year $6,087,283
25 · Other liabilities

beginning of year $1,589,594 · end of year $89,956
27 · Net assets without donor restrictions

beginning of year $206,386 · end of year $283,268
28 · Net assets with donor restrictions

beginning of year $617,148 · end of year $188,312

Mission and programs · 2024

Mission

The mission of South Bay Community Land Trust (SBCLT) is to acquire and manage real property for community benefit to combat displacement, land speculation, and community deterioration, and to expand housing and economic development opportunities resident for Santa Clara County.

General Programs are used to combat displacement, land speculation, and community deterioration, and expand housing, and economic development opportunities for low-income and moderate-income residents in Santa Clara County.

Expenses $150,741 · Revenue $457,077

As filed on the 2024 return.

Listed in Part VII

Juan Lujano

Treasurer

Total calculated

$82,979

From this org

$82,979

From related orgs

$0

Other

$0

Hours/week

0
Tafhari Franklin

Board Member

Total calculated

$0

Hours/week

0
Elizabeth Gonzalez

President

Total calculated

$0

Hours/week

0
Sandy Perry

Vice President

Total calculated

$0

Hours/week

0
Alyssa Serrano

Secretary

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 2026
IRS schema version: 2024v5.2
Source object: 202611259349304001

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