Form 990 for tax year 2023
Filed by INLAND EQUITY COMMUNITY LAND TRUST.
Totals
- Total revenue
- $1,200,921
- Total expenses
- $234,666
- Contributions and grants received
- $1,200,433
- Grants paid
- $22,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $488
- Total assets, end of year
- $1,137,027
- Total liabilities, end of year
- $100,996
- Net assets or fund balances, end of year
- $1,036,031
- Program services expenses (Part IX)
- $201,738
- Management and general expenses
- $32,928
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $201,738
Program services were 86.0% 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.
-
1b · Membership dues
$840
-
1c · Fundraising events
$5,000
-
1e · Government grants (contributions)
$1,000,000
-
1f · All other contributions, gifts and grants
$194,593
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$5,000
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $488 · related or exempt $488
-
11e · Other revenue, total
$488
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $22,500 · program services $22,500
-
5 · Compensation of officers, directors and key employees
total $94,794 · program services $80,575 · management and general $14,219
-
7 · Other salaries and wages
total $42,158 · program services $35,834 · management and general $6,324
-
10 · Payroll taxes
total $11,107 · program services $9,441 · management and general $1,666
-
11c · Fees: accounting
total $965 · program services $820 · management and general $145
-
11g · Fees: other
total $10,787 · program services $9,169 · management and general $1,618
-
12 · Advertising and promotion
total $474 · program services $403 · management and general $71
-
13 · Office expenses
total $3,720 · program services $3,162 · management and general $558
-
16 · Occupancy
total $11,306 · program services $9,610 · management and general $1,696
-
17 · Travel
total $3,180 · program services $2,703 · management and general $477
-
19 · Conferences, conventions and meetings
total $702 · program services $597 · management and general $105
-
20 · Interest
total $17,731 · program services $15,071 · management and general $2,660
-
23 · Insurance
total $9,501 · program services $8,076 · management and general $1,425
-
24a · Other expenses: EVENT EXPENSES
total $2,940 · program services $2,940
-
24b · Other expenses: OTHER EXPENSES
total $1,110 · management and general $1,110
-
24c · Other expenses: PROGRAM EXPENSES
total $837 · program services $837
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $750 · management and general $750
-
24e · All other expenses
total $104 · management and general $104
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $140,628 · end of year $1,037,011
-
10a · Land, buildings and equipment: cost or other basis
$100,000
-
10c · Land, buildings and equipment, net
beginning of year $213,051 · end of year $100,000
-
12 · Investments: other securities
end of year $16
-
17 · Accounts payable and accrued expenses
end of year $101
-
22 · Loans and payables to officers and key people
beginning of year $100,000
-
23 · Secured mortgages and notes payable
end of year $100,895
-
27 · Net assets without donor restrictions
beginning of year $253,679 · end of year $1,036,031
Mission and programs · 2023
Mission
INLAND EQUITY COMMUNITY LAND TRUST IS DEDICATED TO THE SOCIAL AND CHARITABLE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY, AFFORDABLE AND ENVIRONMENTALLY SUSTAINABLE HOUSING SO PEOPLE CAN THRIVE IN THE COMMUNITY WHERE THEY LIVE AND WORK. WHEN FEASIBLE, THE CORPORATION WILL USE LONGTERM LAND USE RESTRICTIONS AND LONG-TERM GROUND LEASES AS A TOOL TO PROVIDE AND PRESERVE AFFORDABLE RENTAL AND OWNERSHIP HOUSING AND TO CREATE HOMEOWNERSHIP OPPORTUNITIES FOR PEOPLE WHO FALL UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTS DEFINITION OF HOUSING COST BURDENED AS DEFINED IN 2018.
Activities or mission (Part I)
INLAND EQUITY COMMUNITY LAND TRUST IS DEDICATED TO THE SOCIAL AND CHARITABLE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY, AFFORDABLE AND ENVIRONMENTALLY SUSTAINABLE HOUSING SO PEOPLE CAN THRIVE IN THE COMMUNITY WHERE THEY LIVE AND WORK. WHEN FEASIBLE, THE CORPORATION WILL USE LONG-TERM LAND USE RESTRICTIONS AND LONG-TERM GROUND LEASES AS A TOOL TO PROVIDE AND PRESERVE AFFORDABLE RENTAL AND OWNERSHIP HOUSING AND TO CREATE HOMEOWNERSHIP OPPORTUNITIES FOR PEOPLE WHO FALL UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTS DEFINITION OF HOUSING COST BURDENED AS DEFINED IN 2018.
-
OUTREACH AND EDUCATION ABOUT REDISTRICTING FOR CALIFORNIA STATE, RIVERSIDE COUNTY AND SOME CITIES IN THE INLAND EMPIRE. WE GATHERED PUBLIC COMMENTS AND BUILD COMMUNITY INTEREST IN THE REDISTRICTING PROCESS.
Expenses $21,102
-
OUTREACH AND EDUCATION ABOUT CALIFORNIA HOUSING AND COMMUNITY DEVELOPMENT'S NEW REQUIREMENTS FOR LOCAL JURISDICTION'S HOUSING ELEMENTS.
Expenses $129,636 · Grants $22,500
-
OUTREACH AND EDUCATION ABOUT THE CALIFORNIA EITC TO ENCOURAGE ELIGIBLE PEOPLE TO APPLY.
Expenses $51,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anabel NevarezANABEL NEVAREZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Gabriella ArmentaGABRIELLA ARMENTA
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Matthew SnyderMATTHEW SNYDER
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Candy DossCANDY DOSS
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Blanca LopezBLANCA LOPEZ
PARLIAMENTARIAN
- Total calculated
- $0
- Hours/week
- 4
-
Penny NewmanPENNY NEWMAN
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Andrew SimolkeANDREW SIMOLKE
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
George AguilarGEORGE AGUILAR
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Deborah HarrmondDEBORAH HARRMOND
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Michael MilanMICHAEL MILAN
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Gerald KatzGERALD KATZ
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Rania SafiRANIA SAFI
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Anthony NoriegaANTHONY NORIEGA
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Maria GalvanMARIA GALVAN
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Maribel NunezMARIBEL NUNEZ
EXECUTIVE DIRECTOR
- Total calculated
- $51,744
- From this org
- $51,744
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Jeff GreenJEFF GREEN
ASSOCIATE DIRECTOR
- Total calculated
- $43,050
- From this org
- $43,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
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
-
PROGRAM ACTIVITIES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422649349300212
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