Totals
- Total revenue
- $524,628
- Total expenses
- $352,847
- Contributions and grants received
- $470,619
- Grants paid
- $133,966
- Program service revenue
- $54,009
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,141,783
- Total liabilities, end of year
- $3,146,917
- Net assets or fund balances, end of year
- -$5,134
- Program services expenses (Part IX)
- $308,664
- Management and general expenses
- $39,154
- Fundraising expenses
- $5,029
- Program service expenses (Part III)
- $308,664
Program services were 87.5% 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)
$362,298
-
1f · All other contributions, gifts and grants
$108,321
-
2a · Program service revenue: Rental income
total $49,514 · related or exempt $49,514
-
2b · Program service revenue: Gain on sale of
total $4,495 · related or exempt $4,495
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $133,966 · program services $133,966
-
7 · Other salaries and wages
total $92,028 · program services $76,935 · management and general $11,320 · fundraising $3,773
-
9 · Other employee benefits
total $8,748 · program services $7,313 · management and general $1,076 · fundraising $359
-
10 · Payroll taxes
total $7,038 · program services $5,883 · management and general $866 · fundraising $289
-
11b · Fees: legal
total $966 · management and general $966
-
11c · Fees: accounting
total $17,441 · management and general $17,441
-
11g · Fees: other
total $2,853 · program services $2,853
-
12 · Advertising and promotion
total $1,400 · program services $1,258 · fundraising $142
-
13 · Office expenses
total $3,345 · program services $2,643 · management and general $680 · fundraising $22
-
16 · Occupancy
total $7,000 · program services $5,852 · management and general $861 · fundraising $287
-
17 · Travel
total $1,916 · program services $1,759 · fundraising $157
-
19 · Conferences, conventions and meetings
total $2,032 · program services $2,032
-
20 · Interest
total $11,994 · program services $11,994
-
23 · Insurance
total $5,874 · management and general $5,874
-
24a · Other expenses: Governance expenses
total $50 · management and general $50
-
24b · Other expenses: Sales taxes
total $20 · management and general $20
-
24c · Other expenses: Utilities held for property
total $2,818 · program services $2,818
-
24e · All other expenses
total $53,358 · program services $53,358
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $95,147 · end of year $253,305
-
4 · Accounts receivable
end of year $1,899
-
9 · Prepaid expenses and deferred charges
beginning of year $2,480 · end of year $4,303
-
10a · Land, buildings and equipment: cost or other basis
$2,854,526
-
10c · Land, buildings and equipment, net
beginning of year $2,596,691 · end of year $2,854,526
-
13 · Investments: program-related
beginning of year $36,106 · end of year $27,750
-
17 · Accounts payable and accrued expenses
beginning of year $8,223 · end of year $10,276
-
23 · Secured mortgages and notes payable
end of year $539,723
-
25 · Other liabilities
beginning of year $2,873,462 · end of year $2,596,918
-
27 · Net assets without donor restrictions
beginning of year -$151,261 · end of year -$5,134
Mission and programs · 2022
Mission
MACLT liberates land for the benefit of historically marginalized populations at the lowest incomes possible, preserving urban space for community use, and creating deeply and permanently affordable homeownership opportunities for those typically exploited
-
MADISON AREA COMMUNITY LAND TRUST PROVIDES ONGOING STEWARDSHIP OF 62 HOMES AND THE LAND UNDERNEATH THEM THAT ARE KEPT PERMANENTLY AFFORDABLE UNDER THE TERMS OF THE LEASE WITH THE LAND TRUST, AND MACLT ALSO STEWARDS THE LAND UNDER 10 MARKET-RATE HOMES AS WELL AS CONSERVATION AND AGRICULTURAL LAND. IN 2022, MACLT ADDED A HOME TO OUR PROGRAM AND ALSO BEGAN A MAINTENANCE SERVICES PROGRAM THAT INVOLVES DISTRIBUTING FUNDS FOR MAINTENANCE TO THE LOW-INCOME HOMEOWNERS IN OUR HOMEOWNERSHIP PROGRAM
Expenses $308,664 · Grants $133,966 · Revenue $524,628
As filed on the 2022 return.
Listed in Part VII
-
Olivia Williams
Executive Director
- Total calculated
- $54,053
- From this org
- $49,436
- From related orgs
- $0
- Other
- $4,617
- Hours/week
- 30
-
Eva Wingren
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Abha Thakkar
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy Heidt
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shaya Schreiber
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Karen von Huene
President
- Total calculated
- $0
- Hours/week
- 1.5
-
Robert Paolino
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Beth Welch
Vice President
- Total calculated
- $0
- Hours/week
- 1.5
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349321273
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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