Totals
- Total revenue
- $3,972,940
- Total expenses
- $1,114,675
- Contributions and grants received
- $3,285,007
- Grants paid
- $0
- Program service revenue
- $591,191
- Investment income
- $102,348
- Other revenue
- -$5,606
- Total assets, end of year
- $33,080,547
- Total liabilities, end of year
- $6,439,049
- Net assets or fund balances, end of year
- $26,641,498
- Program services expenses (Part IX)
- $894,984
- Management and general expenses
- $148,917
- Fundraising expenses
- $70,774
- Program service expenses (Part III)
- $894,984
Program services were 80.3% 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.
-
1c · Fundraising events
$75,627
-
1e · Government grants (contributions)
$1,200,821
-
1f · All other contributions, gifts and grants
$2,008,559
-
2a · Program service revenue: RENT
total $393,373 · related or exempt $393,373
-
2b · Program service revenue: LEASE FEES
total $175,570 · related or exempt $175,570
-
2c · Program service revenue: HOUSE SALES
total $21,052 · related or exempt $21,052
-
2d · Program service revenue: DEVELOPER FEES
total $1,196 · related or exempt $1,196
-
3 · Investment income
total $102,358 · excluded $102,358
-
7b · Less cost or other basis and sales expenses
securities $10
-
7c · Gain or loss
securities -$10
-
7d · Net gain or loss
total -$10 · excluded -$10
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$75,627
-
8b · Fundraising events: direct expenses
$17,792
-
8c · Net income from fundraising events
total -$17,792 · excluded -$17,792
-
11a · Other revenue: OTHER INCOME
total $12,186 · excluded $12,186
-
11e · Other revenue, total
$12,186
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $117,976 · program services $70,943 · management and general $36,044 · fundraising $10,989
-
7 · Other salaries and wages
total $495,947 · program services $298,229 · management and general $151,520 · fundraising $46,198
-
11b · Fees: legal
total $2,000 · program services $904 · management and general $1,096
-
11c · Fees: accounting
total $10,914 · program services $4,933 · management and general $5,981
-
11g · Fees: other
total $973,962 · program services $952,106 · management and general $21,856
-
12 · Advertising and promotion
total $4,206 · program services $2,265 · management and general $268 · fundraising $1,673
-
16 · Occupancy
total $601,835 · program services $571,248 · management and general $27,617 · fundraising $2,970
-
17 · Travel
total $11,991 · program services $7,176 · management and general $1,255 · fundraising $3,560
-
20 · Interest
total $178,584 · program services $178,584
-
22 · Depreciation, depletion and amortization
total $42,694 · program services $42,694
-
24a · Other expenses: DUES, FEES, & SHARED CO
total $63,615 · program services $137,159 · management and general -$78,928 · fundraising $5,384
-
24b · Other expenses: FUNDRAISING ADJUSTMENT
total -$17,792 · management and general -$17,792
-
24c · Other expenses: PROPERTY MANAGEMENT
total -$375,728 · program services -$375,728
-
24d · Other expenses: CAPITALIZAED COSTS
total -$995,529 · program services -$995,529
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $719,869 · end of year $1,059,900
-
2 · Savings and temporary cash investments
beginning of year $1,156,980 · end of year $1,089,638
-
3 · Pledges and grants receivable
beginning of year $5,150
-
4 · Accounts receivable
beginning of year $50,472 · end of year $133,020
-
7 · Other notes and loans receivable
beginning of year $10,860,835 · end of year $10,975,047
-
10a · Land, buildings and equipment: cost or other basis
$19,209,167
-
10b · Land, buildings and equipment: accumulated depreciation
$1,214,826
-
10c · Land, buildings and equipment, net
beginning of year $15,606,793 · end of year $17,994,341
-
11 · Investments: publicly traded securities
beginning of year $1,475,038 · end of year $1,434,090
-
12 · Investments: other securities
beginning of year -$103 · end of year -$157
-
15 · Other assets
beginning of year $440,722 · end of year $394,668
-
17 · Accounts payable and accrued expenses
beginning of year $467,755 · end of year $482,668
-
23 · Secured mortgages and notes payable
beginning of year $5,927,518 · end of year $5,911,834
-
25 · Other liabilities
beginning of year $40,667 · end of year $44,547
-
27 · Net assets without donor restrictions
beginning of year $22,903,125 · end of year $25,640,631
-
28 · Net assets with donor restrictions
beginning of year $976,691 · end of year $1,000,867
Mission and programs · 2022
Mission
THE MISSION OF OPAL COMMUNITY LAND TRUST IS TO HELP SUSTAIN ORCAS ISLAND AS A HEALTHY, ECONOMICALLY DIVERSE COMMUNITY BY PROVIDING PERMANENTLY AFFORDABLE HOMES AND RELATED EDUCATION AND SUPPORT FOR ISLANDERS-FAMILIES, SENIORS AND SINGLES - WHOSE HOUSING NEEDS ARE NOT MET BY THE TRADITIONAL MARKET.
-
HOUSING DEVELOPMENT: DEVELOP LAND AND HOUSES TO RENT OR OWN THAT ARE AFFORDABLE TO LOW TO MODERATE INCOME HOUSEHOLDS. PROVIDE HOUSING COUNSELING AND RELATED SUPPORT SERVICES.
Expenses $168,433 · Revenue $111,260
-
LOAN PROGRAMS: PROVIDE LOANS TO ELIGIBLE HOUSEHOLDS TO ENABLE THEM TO PURCHASE A HOME.
Expenses $47,874 · Revenue $31,624
-
LEASEHOLD STEWARDSHIP: LEASE LAND AND PROVIDE SUPPORT SERVICES TO HOMEOWNERS WHO LEASE LAND FROM OPAL.
Expenses $214,809 · Revenue $141,894
-
RENTAL STEWARDSHIP: MANAGE PROPERTIES OWNED BY OPAL THAT ARE RENTED BE QUALIFIED INDIVIDUALS.
Expenses $463,868 · Revenue $306,413
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Margaret VinsonMARGARET VINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anne Marie ShanksANNE MARIE SHANKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie BurgBONNIE BURG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bob MorrisBOB MORRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rusty DiggsRUSTY DIGGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anne BertinoANNE BERTINO
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Minor LileMINOR LILE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Tim FullerTIM FULLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Margaret MillsMARGARET MILLS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Elisabeth ByersELISABETH BYERS
EXECUTIVE DIR.
- Total calculated
- $117,976
- From this org
- $110,000
- From related orgs
- $0
- Other
- $7,976
- Hours/week
- 40
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LAVENDER HOLLOW LLC
PROVIDE RENTAL UNITS TO LOW & MODERATE INCOME FAMILIES · WA · income $227,215 · assets $2,063,282
Directly controlled by OPAL COMMUNITY LAND TRUST
-
APRIL'S GROVE GP LLC
PROVIDE RENTAL UNITS TO LOW & MODERATE INCOME FAMILIES · WA · income -$59 · assets $1,594
Directly controlled by OPAL COMMUNITY LAND TRUST
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
APRIL'S GROVE LLLP
PROVIDE RENTAL UNITS TO LOW & MODERATE INCOME FAMILIES · WA · 0.01% owned · share of income -$59 · share of assets $1,594 · general or managing partner
Directly controlled by OPAL COMMUNITY LAND TRUST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313079349302196
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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