Skip to content
Nonprofiteer
← ATLANTA LAND TR INC

Form 990 for tax year 2024

Filed by ATLANTA LAND TR INC.

Totals

Total revenue
$3,909,071
Total expenses
$2,461,376
Contributions and grants received
$2,846,744
Grants paid
$0
Program service revenue
$427,102
Investment income
$137,849
Other revenue
$497,376
Total assets, end of year
$26,259,726
Total liabilities, end of year
$12,119,860
Net assets or fund balances, end of year
$14,139,866
Program services expenses (Part IX)
$1,603,280
Management and general expenses
$645,393
Fundraising expenses
$212,703
Program service expenses (Part III)
$1,603,280

Program services were 65.1% 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.

  • 1e · Government grants (contributions)

    $643,889

  • 1f · All other contributions, gifts and grants

    $2,202,855

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $261,425 · related or exempt $261,425

  • 2b · Program service revenue: RESIDENT STEWARDSHIP F

    total $147,629 · related or exempt $147,629

  • 2c · Program service revenue: GROUND LEASE FEES

    total $16,622 · related or exempt $16,622

  • 2d · Program service revenue: THOUGHT LEADERSHIP

    total $1,426 · related or exempt $1,426

  • 3 · Investment income

    total $137,849 · excluded $137,849

  • 11a · Other revenue: OTHER INCOME

    total $497,376 · related or exempt $497,376

  • 11e · Other revenue, total

    $497,376

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $190,000 · program services $131,100 · management and general $41,500 · fundraising $17,400

  • 7 · Other salaries and wages

    total $175,429 · program services $121,046 · management and general $38,317 · fundraising $16,066

  • 8 · Pension plan contributions

    total $21,119 · program services $14,572 · management and general $4,613 · fundraising $1,934

  • 9 · Other employee benefits

    total $26,275 · program services $18,130 · management and general $5,739 · fundraising $2,406

  • 10 · Payroll taxes

    total $41,939 · program services $28,938 · management and general $9,160 · fundraising $3,841

  • 11c · Fees: accounting

    total $138,089 · management and general $138,089

  • 11g · Fees: other

    total $617,973 · program services $426,401 · management and general $134,978 · fundraising $56,594

  • 12 · Advertising and promotion

    total $10,923 · program services $7,537 · management and general $2,386 · fundraising $1,000

  • 13 · Office expenses

    total $23,872 · program services $16,472 · management and general $5,214 · fundraising $2,186

  • 14 · Information technology

    total $37 · program services $26 · management and general $8 · fundraising $3

  • 16 · Occupancy

    total $2,990 · program services $2,063 · management and general $653 · fundraising $274

  • 17 · Travel

    total $4,080 · program services $2,815 · management and general $891 · fundraising $374

  • 19 · Conferences, conventions and meetings

    total $7,700 · program services $5,313 · management and general $1,682 · fundraising $705

  • 20 · Interest

    total $97,870 · program services $67,530 · management and general $21,377 · fundraising $8,963

  • 22 · Depreciation, depletion and amortization

    total $750 · program services $517 · management and general $164 · fundraising $69

  • 23 · Insurance

    total $37,555 · program services $25,913 · management and general $8,203 · fundraising $3,439

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $795,255 · program services $548,726 · management and general $173,700 · fundraising $72,829

  • 24b · Other expenses: ENGINEERING FEES

    total $167,854 · program services $115,819 · management and general $36,663 · fundraising $15,372

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $53,426 · program services $36,864 · management and general $11,669 · fundraising $4,893

  • 24d · Other expenses: MEMBERSHIP & SUBSCRIPTI

    total $21,937 · program services $15,137 · management and general $4,791 · fundraising $2,009

  • 24e · All other expenses

    total $26,303 · program services $18,361 · management and general $5,596 · fundraising $2,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,371,394 · end of year $1,892,989

  • 2 · Savings and temporary cash investments

    beginning of year $2,819,927 · end of year $3,651,596

  • 4 · Accounts receivable

    beginning of year $165,710 · end of year $842,103

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,874 · end of year $8,874

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

    $8,183,626

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $8,183,570 · end of year $8,183,626

  • 15 · Other assets

    beginning of year $7,694,174 · end of year $11,680,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,299 · end of year $811,920

  • 19 · Deferred revenue

    beginning of year $608,120 · end of year $315,570

  • 23 · Secured mortgages and notes payable

    beginning of year $6,074,412 · end of year $9,666,313

  • 25 · Other liabilities

    beginning of year $1,226,137 · end of year $1,326,057

  • 27 · Net assets without donor restrictions

    beginning of year $4,927,105 · end of year $7,420,187

  • 28 · Net assets with donor restrictions

    beginning of year $7,163,576 · end of year $6,719,679

Mission and programs · 2024

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 CREATING 300 PERMANENTLY AFFORDABLE, ENERGY-EFFICIENT HOMES BY 2025. IN 2024, ALT COMPLETED AND SOLD 40 HOMES AND NOW HAS 110 UNITS IN VARIOUS STAGES OF DEVELOPMENT. IN ADDITION, WE HAVE 170 UNITS THAT REPRESENT FUTURE DEVELOPMENT OPPORTUNITIES. NOTABLY, IN 2024 ALT COMMENCED CONSTRUCTION ON 1024 DONNELLYAVENUE AND AQUIRED LAND FOR A NEW 14-UNIT TOWNHOMES PROJECT IN GROVE PARK.

    Expenses $1,603,280

  • THE ATLANTA LAND TRUST STRIVES TO BE A COMMUNITY-CENTERED 'TRUSTEDPARTNER' WITH A PROVEN MODEL AND CAPACITY TO PARTNER WITHCOMMUNITIES. WE WORKED TO EXPAND AWARENESS AND UNDERSTANDING OFALT AND THE COMMUNITY LAND TRUST MODEL SO THAT ALT WILL BERECOGNIZED AS THE GO-TO ORGANIZATION FOR PERMANENTLY AFFORDABLEHOUSING IN ATLANTA. IN 2024 ALT HOSTED 11 MONTHLY COMMUNITYINFORMATION SESSIONS AND ATTENDED OVER 100 COMMUNITY MEETINGS.THROUGH THESE ACTIVITIES WE HAVE BEEN ABLE TO GROW OUR PIPELINE OF HOMEBUYERS TO OVER 400 PEOPLE. ALT ALSO HELD POST-PURCHASE EDUCATIONAL PROGRAMMING FOR HOMEOWNERS, INCLUDING AN ESTATE PLANNING WORKSHOP, AND HOSTED TWO CONTINUING EDUCATION CLASSES FOR REAL ESTATE AGENTS.

    Revenue $924,477

  • THE ATLANTA LAND TRUST WORKS TO CREATE A FAVORABLE ENVIRONMENT FORCLT DEVELOPMENT BY ADVOCATING FOR SUPPORTIVE LONG-TERM AFFORDABLEHOUSING POLICY AND FUNDING. ALT WORKED TO DRAFT LEGISLATION TO BEINTRODUCED AT THE STATE LEVEL PROVIDING NONPROFIT ORGANIZATIONSPROPERTY TAX EXEMPTIONS.

As filed on the 2024 return.

Listed in Part VII

  • Amanda Rhein

    EXECUTIVE DIRECTOR

    Total calculated
    $212,966
    From this org
    $190,000
    From related orgs
    $0
    Other
    $22,966
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $11,601
    Nontaxable benefits
    $11,365
    Filer's total
    $212,966
  • Dawn Arnold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jim Schroder

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Rob Brawner

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Makeisha Robey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tara Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sule Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Andy Schneggenburger

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Karim Shariff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chanel Zeisel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lisa Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Richard Slaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bem Joiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ronit Hoffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alison Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kenneth Haider-Bardill

    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

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 ACQUISITION · GA · assets $187,700

  • ALT TUCKER AVENUE LLC

    CONSTRUCTION · GA · assets $4,876,989

  • ALT FAYETTEVILLE LLC

    LAND · GA · assets $3,850,000

  • URBAN REALTY DONNELLY PARTNERS LLC

    LAND · GA · assets $0

  • THE AVENUE AT OAKLAND CITY LLC

    LAND · GA · assets $0

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349316428

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.