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Nonprofiteer
← OPAL COMMUNITY LAND TRUST

Form 990 for tax year 2025

Filed by OPAL COMMUNITY LAND TRUST.

Totals

Total revenue
$11,237,298
Total expenses
$1,762,237
Contributions and grants received
$9,824,268
Grants paid
$0
Program service revenue
$1,175,982
Investment income
$211,761
Other revenue
$25,287
Total assets, end of year
$47,955,764
Total liabilities, end of year
$6,046,001
Net assets or fund balances, end of year
$41,909,763
Program services expenses (Part IX)
$1,271,139
Management and general expenses
$430,976
Fundraising expenses
$60,122
Program service expenses (Part III)
$1,271,139

Program services were 72.1% 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.

  • 1c · Fundraising events

    $91,800

  • 1e · Government grants (contributions)

    $3,792,426

  • 1f · All other contributions, gifts and grants

    $5,940,042

  • 2a · Program service revenue: RENT

    total $618,750 · related or exempt $618,750

  • 2b · Program service revenue: DEVELOPER FEES

    total $245,556 · related or exempt $245,556

  • 2c · Program service revenue: LEASE FEES

    total $198,470 · related or exempt $198,470

  • 2d · Program service revenue: INTEREST FROM ISLAND LOAN FUND

    total $78,297 · related or exempt $78,297

  • 2e · Program service revenue: HOUSE SALES

    total $23,207 · related or exempt $23,207

  • 2f · All other program service revenue

    total $11,702 · related or exempt $11,702

  • 3 · Investment income

    total $211,216 · excluded $211,216

  • 7a · Gross sales of assets other than inventory

    securities $26,000

  • 7b · Less cost or other basis and sales expenses

    securities $25,455

  • 7c · Gain or loss

    securities $545

  • 7d · Net gain or loss

    total $545 · excluded $545

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $91,800

  • 8b · Fundraising events: direct expenses

    $5,819

  • 8c · Net income from fundraising events

    total -$5,819 · excluded -$5,819

  • 11a · Other revenue: OTHER INCOME

    total $31,106 · excluded $31,106

  • 11e · Other revenue, total

    $31,106

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,191 · program services $87,557 · management and general $50,155 · fundraising $5,479

  • 7 · Other salaries and wages

    total $1,007,370 · program services $615,976 · management and general $352,845 · fundraising $38,549

  • 11a · Fees: management

    total $23,850 · program services $14,052 · management and general $9,798

  • 11b · Fees: legal

    total $5,148 · program services $3,033 · management and general $2,115

  • 11c · Fees: accounting

    total $1,816 · program services $1,070 · management and general $746

  • 11g · Fees: other

    total $8,358,702 · program services $8,318,183 · management and general $40,519

  • 12 · Advertising and promotion

    total $7,875 · program services $4,167 · management and general $1,306 · fundraising $2,402

  • 16 · Occupancy

    total $810,359 · program services $763,115 · management and general $44,969 · fundraising $2,275

  • 17 · Travel

    total $16,079 · program services $8,311 · management and general $5,794 · fundraising $1,974

  • 20 · Interest

    total $172,814 · program services $172,814

  • 22 · Depreciation, depletion and amortization

    total $206,253 · program services $206,253

  • 24a · Other expenses: DUES, FEES, & SHARED CO

    total $34,779 · program services $100,837 · management and general -$75,501 · fundraising $9,443

  • 24b · Other expenses: IN-KIND ADJUSTMENT

    total -$1,770 · management and general -$1,770

  • 24c · Other expenses: PROPERTY MANAGEMENT

    total -$537,110 · program services -$537,110

  • 24d · Other expenses: CAPITALIZAED COSTS

    total -$8,487,119 · program services -$8,487,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,624,959 · end of year $420,256

  • 2 · Savings and temporary cash investments

    beginning of year $191,172 · end of year $1,586,194

  • 4 · Accounts receivable

    beginning of year $483,954 · end of year $555,382

  • 7 · Other notes and loans receivable

    beginning of year $9,593,976 · end of year $9,332,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,469 · end of year $4,296

  • 10a · Land, buildings and equipment: cost or other basis

    $31,333,538

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,682,090

  • 10c · Land, buildings and equipment, net

    beginning of year $23,538,215 · end of year $29,651,448

  • 11 · Investments: publicly traded securities

    beginning of year $2,278,899 · end of year $3,876,162

  • 12 · Investments: other securities

    beginning of year -$263 · end of year -$320

  • 15 · Other assets

    beginning of year $288,886 · end of year $2,529,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $715,921 · end of year $973,331

  • 23 · Secured mortgages and notes payable

    beginning of year $4,865,113 · end of year $5,002,866

  • 25 · Other liabilities

    beginning of year $51,234 · end of year $69,804

  • 27 · Net assets without donor restrictions

    beginning of year $31,945,494 · end of year $39,534,258

  • 28 · Net assets with donor restrictions

    beginning of year $425,505 · end of year $2,375,505

Mission and programs · 2025

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 $180,284 · Revenue $280,465

  • LOAN PROGRAMS: PROVIDE LOANS TO ELIGIBLE HOUSEHOLDS TO ENABLE THEM TO PURCHASE A HOME.

    Expenses $70,732 · Revenue $78,297

  • LEASEHOLD STEWARDSHIP: LEASE LAND AND PROVIDE SUPPORT SERVICES TO HOMEOWNERS WHO LEASE LAND FROM OPAL.

    Expenses $212,707 · Revenue $198,470

  • Expenses $807,416 · Revenue $618,750

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Bertino

    FORMER SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Minor Lile

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Burg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eros Belliveau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anne Marie Shanks

    SECRETARY/ FORMER VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bob Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rusty Diggs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Margaret Mills

    FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mallory Hagel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jami Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mandy Randolph

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elisabeth Byers

    EXECUTIVE DIR.

    Total calculated
    $143,191
    From this org
    $139,020
    From related orgs
    $0
    Other
    $4,171
    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 $324,853 · assets $1,896,125

    Directly controlled by OPAL COMMUNITY LAND TRUST

  • APRIL'S GROVE GP LLC

    PROVIDE RENTAL UNITS TO LOW & MODERATE INCOME FAMILIES · WA · income -$57 · assets -$320

    Directly controlled by OPAL COMMUNITY LAND TRUST

  • NORTHERN HEIGHTS LLC

    PROVIDE RENTAL UNITS TO LOW & MODERATE INCOME FAMILIES · WA · income $32,233 · assets $2,212,635

    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 -$56 · share of assets -$342 · general or managing partner

    Directly controlled by OPAL COMMUNITY LAND TRUST

Provenance

Return type
form_990
Tax year
2025
Filed
21 September 2026
IRS schema version
2025v4.2
Source object
202622669349300907

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