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Nonprofiteer
← 24 1 COMMUNITY LAND TRUST

Form 990 for tax year 2023

Filed by 24 1 COMMUNITY LAND TRUST.

Totals

Total revenue
$1,140,558
Total expenses
$1,813,489
Contributions and grants received
$90,052
Grants paid
$0
Program service revenue
$899,584
Investment income
$63,186
Other revenue
$87,736
Total assets, end of year
$27,282,840
Total liabilities, end of year
$3,027,417
Net assets or fund balances, end of year
$24,255,423
Program services expenses (Part IX)
$1,813,489
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,813,489

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $90,052

  • 2a · Program service revenue: COMMUNITY CINEMA

    total $550,263 · related or exempt $550,263

  • 2b · Program service revenue: LAND LEASE & PROPERTY

    total $347,540 · related or exempt $347,540

  • 2c · Program service revenue: DUES AND FEES INCOME

    total $1,781 · related or exempt $1,781

  • 3 · Investment income

    total $63,186 · excluded $63,186

  • 11a · Other revenue: OTHER INCOME

    total $87,736 · excluded $87,736

  • 11e · Other revenue, total

    $87,736

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $285,938 · program services $285,938

  • 9 · Other employee benefits

    total $14,935 · program services $14,935

  • 10 · Payroll taxes

    total $25,055 · program services $25,055

  • 11a · Fees: management

    total $9,594 · program services $9,594

  • 11g · Fees: other

    total $47,078 · program services $47,078

  • 13 · Office expenses

    total $98,180 · program services $98,180

  • 14 · Information technology

    total $6,599 · program services $6,599

  • 16 · Occupancy

    total $80,377 · program services $80,377

  • 17 · Travel

    total $79 · program services $79

  • 20 · Interest

    total $57,225 · program services $57,225

  • 22 · Depreciation, depletion and amortization

    total $511,694 · program services $511,694

  • 23 · Insurance

    total $112,118 · program services $112,118

  • 24a · Other expenses: DIRECT PROGRAM COSTS

    total $403,681 · program services $403,681

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $68,949 · program services $68,949

  • 24c · Other expenses: PERMITS / FEES

    total $52,505 · program services $52,505

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $33,163 · program services $33,163

  • 24e · All other expenses

    total $6,319 · program services $6,319

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $514,875 · end of year $422,602

  • 4 · Accounts receivable

    beginning of year $95,394 · end of year $294,024

  • 7 · Other notes and loans receivable

    beginning of year $1,674,964 · end of year $1,400,622

  • 8 · Inventories for sale or use

    beginning of year $12,829 · end of year $15,359

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,398 · end of year $35,203

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

    $27,373,684

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

    $4,311,468

  • 10c · Land, buildings and equipment, net

    beginning of year $23,196,815 · end of year $23,062,216

  • 13 · Investments: program-related

    beginning of year $2,000,000 · end of year $2,000,000

  • 15 · Other assets

    beginning of year $41,017 · end of year $52,814

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,972 · end of year $72,010

  • 19 · Deferred revenue

    beginning of year $244,910 · end of year $224,072

  • 23 · Secured mortgages and notes payable

    beginning of year $1,701,770 · end of year $1,933,384

  • 25 · Other liabilities

    beginning of year $662,286 · end of year $797,951

  • 27 · Net assets without donor restrictions

    beginning of year $25,089,985 · end of year $24,445,373

  • 28 · Net assets with donor restrictions

    beginning of year -$161,631 · end of year -$189,950

Mission and programs · 2023

Mission

24:1 COMMUNITY LAND TRUST (CLT) PROVIDES LAND TRUST STEWARDSHIP IN THE NORMANDY SCHOOLS COLLABORATIVE TO ADDRESS THE COMMUNITY'S NEEDS OF AFFORDABLE HOUSING, HOME OWNERSHIP, ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD STABILIZATION. CLT IS A SUPPORTING ORGANIZATION TO BEYOND HOUSING, INC.

  • AS A SUPPORTING ORGANIZATION TO BEYOND HOUSING, INC., THE 24:1 COMMUNITY LAND TRUST (CLT) WORKS IN PARTNERSHIP WITH BEYOND HOUSING TO SUPPORT THEIR HOUSING AND ECONOMIC DEVELOPMENT PROGRAMS.

    Expenses $1,813,489 · Revenue $899,584

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRISTOPHER KREHMEYER

    PRESIDENT

    Total calculated
    $305,463
    From this org
    $0
    From related orgs
    $273,263
    Other
    $32,200
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,263 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,000 related
    Nontaxable benefits
    $0 + $17,200 related
    Filer's total
    $0 + $305,463 related

  • WRAY CLAY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JACQUELINE BUCK-HORTON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GAIL CUTTS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THOMAS JONES JR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHEENA BOWERS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEVE JANSEN

    ASSISTANT SECRETARY

    Total calculated
    $159,619
    From this org
    $0
    From related orgs
    $149,135
    Other
    $10,484
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,135 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $484 related
    Filer's total
    $0 + $159,619 related

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • 241 CONSTRUCTION LLC

    ACQUIRE, CONSTRUCT, DEMOLISH LOW-INCOME HOUSING PROPERTY · MO · income $0 · assets $0

    Directly controlled by 241 COMMUNITY LAND TRUST

  • PAGEDALE TOWN CENTER 1 LLC

    DEVELOP AND MAINTAIN PROPERTIES IN LOW-INCOME AREAS · MO · income $738,714 · assets $5,891,013

    Directly controlled by 241 COMMUNITY LAND TRUST

  • 241 CLT DEVELOPMENT LLC

    OPERATE COMMUNITY BUSINESS AND EMPLOY LOW-INCOME RESIDENTS WITHIN THE NSC · MO · income $0 · assets $0

    Directly controlled by 241 COMMUNITY LAND TRUST

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PTC II LEVERAGE LENDER

    RELATED · FURTHER ECONOMIC DEVELOPMENT THROUGH LOAN MAKING · MO · 48.78% owned · share of income $20,373 · share of assets $2,037,479 · general or managing partner

    Directly controlled by 241 COMMUNITY LAND TRUST

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349304938

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