Totals
- Total revenue
- $6,510,406
- Total expenses
- $633,177
- Contributions and grants received
- $6,249,394
- Grants paid
- $0
- Program service revenue
- $59,605
- Investment income
- $183,374
- Other revenue
- $18,033
- Total assets, end of year
- $13,038,602
- Total liabilities, end of year
- $2,837,112
- Net assets or fund balances, end of year
- $10,201,490
- Program services expenses (Part IX)
- $385,200
- Management and general expenses
- $55,654
- Fundraising expenses
- $192,323
- Program service expenses (Part III)
- $385,200
Program services were 60.8% 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)
$30,000
-
1f · All other contributions, gifts and grants
$6,219,394
-
1g · Noncash contributions included above
$3,850,000
-
2a · Program service revenue: RESIDENT STEWARDSHIP FEES
total $11,605 · related or exempt $11,605
-
2b · Program service revenue: DEVELOPMENT FEES
total $48,000 · related or exempt $48,000
-
3 · Investment income
total $1,958 · excluded $1,958
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $497,389
-
7b · Less cost or other basis and sales expenses
other assets $315,973
-
7c · Gain or loss
other assets $181,416
-
7d · Net gain or loss
total $181,416 · excluded $181,416
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $18,033 · related or exempt $18,033
-
11e · Other revenue, total
$18,033
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $204,815 · program services $184,333 · management and general $10,241 · fundraising $10,241
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $100,696 · program services $90,626 · management and general $5,035 · fundraising $5,035
-
8 · Pension plan contributions
total $3,753 · program services $3,377 · management and general $188 · fundraising $188
-
9 · Other employee benefits
total $12,299 · program services $11,069 · management and general $615 · fundraising $615
-
10 · Payroll taxes
total $20,966 · program services $18,870 · management and general $1,048 · fundraising $1,048
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $34,255 · management and general $34,255
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $170,923 · fundraising $170,923
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $37,776 · program services $33,998 · management and general $1,889 · fundraising $1,889
-
12 · Advertising and promotion
total $1,267 · program services $1,141 · management and general $63 · fundraising $63
-
13 · Office expenses
total $6,278 · program services $5,650 · management and general $314 · fundraising $314
-
14 · Information technology
total $196 · program services $176 · management and general $10 · fundraising $10
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,139 · program services $1,025 · management and general $57 · fundraising $57
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,300 · program services $4,770 · management and general $265 · fundraising $265
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,397 · program services $3,057 · management and general $170 · fundraising $170
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $20,476 · program services $18,431 · management and general $1,022 · fundraising $1,023
-
24b · Other expenses: MEMBERSHIP & SUBSCRIPTIONS
total $9,641 · program services $8,677 · management and general $482 · fundraising $482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,011,840 · end of year $3,443,624
-
2 · Savings and temporary cash investments
beginning of year $277,653 · end of year $1,005,724
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $747,946 · end of year $732,915
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $4,553 · end of year $3,874
-
10a · Land, buildings and equipment: cost or other basis
$7,144,048
-
10c · Land, buildings and equipment, net
beginning of year $2,174,071 · end of year $7,144,048
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $705,569 · end of year $708,417
-
17 · Accounts payable and accrued expenses
beginning of year $42,169 · end of year $149,864
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $4,160 · end of year $6,695
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $550,000 · end of year $2,676,643
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,042 · end of year $3,910
-
27 · Net assets without donor restrictions
beginning of year $3,437,770 · end of year $3,725,732
-
28 · Net assets with donor restrictions
beginning of year $886,491 · end of year $6,475,758
Mission and programs · 2022
Mission
THE MISSION OF THE ATLANTA LAND TRUST (ALT) IS TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING TO SUPPORT INCLUSIVE, EQUITABLE COMMUNITIES NEAR THE ATLANTA BELTLINE AND OTHER TARGETED AREAS IN THE CITY OF ATLANTA.
Activities or mission (Part I)
TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING to support inclusive, equitable communities near the Atlanta beltline and other targeted areas in the city of atlanta.
-
The Atlanta Land Trust collaborates with communities to co-create solutions to their affordable housing challenges with the goal of creating 300 permanently affordable, energy-efficient homes by 2025. In 2022 ALT continued to advance the development of three affordable townhome communities: 1091 Tucker Avenue, 1024 Donnelly Avenue and 697 Fayetteville Road. In 2022, ALT commenced construction on phase 1 of 1091 Tucker Avenue, closed on the acquisition and financing of the 2-acre site at 697 Fayetteville Road and completed rezoning and entitlements for 1024 Donnelly Avenue. See further information on Schedule O
Expenses $385,200
-
The Atlanta Land Trust strives to be a community-centered 'Trusted Partner' with a proven model and capacity to partner with communities. We worked to expand awareness and understanding of ALT and the community land trust model so that ALT will be recognized as the go-to organization for permanently affordable housing in Atlanta. In 2022 ALT hosted 11 monthly Community Information Sessions and attended over 100 community meetings. See further information on Schedule O
Revenue $77,638
-
The Atlanta Land Trust works to create a favorable environment for CLT development by advocating for supportive long-term affordable housing policy and funding. ALT worked to draft legislation to be introduced at the state level providing nonprofit organizations property tax exemptions.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amanda Rhein
Executive Director
- Total calculated
- $207,568
- From this org
- $184,973
- From related orgs
- $0
- Other
- $22,595
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $178,173
- Bonus
- $6,800
- Other
- $0
- Deferred
- $11,098
- Nontaxable benefits
- $11,497
- Filer's total
- $207,568
-
Kyle Lamont
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Bennett
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dawn Luke
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Cass Brewer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rob Brawner
Vice-Chair
- Total calculated
- $0
- Hours/week
- 2
-
Jim Schroder
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Tara Mitchell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Chanel Zeisel
Director
- Total calculated
- $0
- Hours/week
- 2
-
Makeisha Robey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Karim Shariff
Director
- Total calculated
- $0
- Hours/week
- 2
-
Andy Schneggenburger
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sule Carpenter
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wesley Brooks
Director
- Total calculated
- $0
- Hours/week
- 2
-
Terri Block
Director
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE ORGANIZATION'S BOARD OF DIRECTORS APPROVED AND IMPLEMENTED A PERFORMANCE REVIEW SYSTEM IN CALENDAR YEAR 2020. THE PERFORMANCE REVIEW SYSTEM ESTABLISHES THAT THE BOARD OF DIRECTORS WILL DETERMINE THE AMOUNT OF THE BONUS POOL AS PART OF THE ANNUAL BUDGET PROCESS, TO BE OFFERED IN A RANGE UP TO 5% OF AN EMPLOYEE'S SALARY AND DISTRIBUTED HIERARCHICALLY AMONG THE ELIGIBLE EMPLOYEES BASED ON THE NUMERIC RANK. THE BONUS IS ONE-TIME AND DOES NOT ADJUST THE SALARY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
ALT 602 Hope Street LLC
Land Acqu · GA · assets $187,700
Directly controlled by NA
-
ALT Tucker Avenue LLC
CONSTRUCTION · GA · assets $181,851
Directly controlled by NA
-
ALT Fayetteville LLC
LAND · GA · assets $4,023,864
Directly controlled by NA
-
Urban Realty Donnelly Partners LLC
LAND · GA · assets $1,222,376
Directly controlled by NA
-
The Avenue at Oakland City LLC
LAND · GA · assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349313658
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