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Nonprofiteer
← AFRICATOWN COMMUNITY LAND TRUST

Form 990 for tax year 2022

Filed by AFRICATOWN COMMUNITY LAND TRUST.

Totals

Total revenue
$7,969,878
Total expenses
$7,339,776
Contributions and grants received
$7,604,435
Grants paid
$2,455
Program service revenue
$0
Investment income
$0
Other revenue
$365,443
Total assets, end of year
$19,114,449
Total liabilities, end of year
$15,333,362
Net assets or fund balances, end of year
$3,781,087
Program services expenses (Part IX)
$6,090,930
Management and general expenses
$1,024,218
Fundraising expenses
$224,628
Program service expenses (Part III)
$6,090,930

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $5,728,083

  • 1f · All other contributions, gifts and grants

    $1,876,352

  • 1g · Noncash contributions included above

    $588

  • 6a · Gross rents

    real property $365,443

  • 6c · Rental income or loss

    real property $365,443

  • 6d · Net rental income or loss

    total $365,443 · related or exempt $365,443

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,455 · program services $2,455

  • 5 · Compensation of officers, directors and key employees

    total $166,192 · program services $135,637 · management and general $15,071 · fundraising $15,484

  • 7 · Other salaries and wages

    total $1,997,400 · program services $1,641,486 · management and general $175,552 · fundraising $180,362

  • 9 · Other employee benefits

    total $115,621 · program services $94,474 · management and general $10,431 · fundraising $10,716

  • 10 · Payroll taxes

    total $203,236 · program services $167,586 · management and general $17,584 · fundraising $18,066

  • 11b · Fees: legal

    total $43,071 · management and general $43,071

  • 11c · Fees: accounting

    total $47,900 · management and general $47,900

  • 12 · Advertising and promotion

    total $76,048 · management and general $76,048

  • 13 · Office expenses

    total $173,943 · program services $59,266 · management and general $114,677

  • 14 · Information technology

    total $34,047 · program services $25,075 · management and general $8,972

  • 16 · Occupancy

    total $574,043 · program services $561,453 · management and general $12,590

  • 19 · Conferences, conventions and meetings

    total $227,764 · program services $215,700 · management and general $12,064

  • 22 · Depreciation, depletion and amortization

    total $600,330 · program services $600,330

  • 23 · Insurance

    total $312,181 · program services $282,217 · management and general $29,964

  • 24a · Other expenses: Repair and maintenance

    total $273,210 · program services $239,585 · management and general $33,625

  • 24b · Other expenses: Professional & contract fees

    total $1,950,540 · program services $1,577,149 · management and general $373,391

  • 24c · Other expenses: Security and safety

    total $234,883 · program services $234,883

  • 24d · Other expenses: Property Taxes

    total $127,375 · program services $127,375

  • 24e · All other expenses

    total $179,537 · program services $126,259 · management and general $53,278

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,450,858 · end of year $602,644

  • 3 · Pledges and grants receivable

    beginning of year $600,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,117 · end of year $114,023

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

    $17,145,679

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

    $759,894

  • 10c · Land, buildings and equipment, net

    beginning of year $15,584,576 · end of year $16,385,785

  • 15 · Other assets

    beginning of year $1,151,651 · end of year $2,011,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,191 · end of year $291,002

  • 23 · Secured mortgages and notes payable

    beginning of year $15,075,000 · end of year $14,575,000

  • 25 · Other liabilities

    beginning of year $489,079 · end of year $467,360

  • 27 · Net assets without donor restrictions

    beginning of year $3,164,932 · end of year $3,781,087

Mission and programs · 2022

Mission

Acquire, steward, develop land assets in the greater Seattle area to preserve and support Seattles Black/African diaspora community. Work with local stakeholders and the City of Seattle to provide affordable housing for vulnerable, disadvantaged Seattle residents.

  • Africatown Community Land Trust (ACLT) completed a $13.8 million acquisition of the former Keiro Rehabilitation Center,a full block in the heart of the Central District previously slated for market-rate development.In the midst of Seattles homelessness crisis, Benu Community Home made use of the existing facilities and established a culturally responsive shelter focused on reducing the disproportionate over-representation of unsheltered, Black men within the population. ACLT received funding from City of Seattle Human Services Department and King County Regional Homeless Authority.Hosted several community listening and outreach sessions to address concerns and discuss plans for Benu Community Home.Benu Community Home staff welcomed its first group of 30 community residents on December 1st 2021. 226 individuals have been served. 66 Individuals got housing and 79 individuals got a temporary housing.

    Expenses $4,773,519

  • In response to the need for culturally responsive spaces for workforce and business development, The William Grose Center for Cultural Innovationformerly Fire Station No. 6was revitalized, transformed, and officially opened its doors in the summer of 2022.WGC engages, empowers, and uplifts Seattles Black community by providing necessary resources- through the amplification of physical, intellectual and cultural assets-to break into new and emerging industries. The Center continues to function as a hub for entrepreneurship and small business development while serving as a nexus for innovation in Seattles Central District.With a vision fueled by the legacy of early Seattle pioneer, real estate developer and founder of the Central District, William Grose, WGC carries this legacy into the future with an emphasis on innovation through training of the next generation of tech leaders, intentional and diverse programming and community partnerships.

    Expenses $1,063,285

  • Africatown Plaza is a significant asset in Seattles equitable development landscape with features thatwill make it an arts and cultural destination for the Black community in addition to providing much needed affordable housing.The seven-story, mixed-use building will offer a community room, office and retail spaces, and apartments for households earning up to 60% of Seattles area median income. Selected artwork for the site from local, national, and international artists with a focus on healing and community connection. Completed design and permitting process.

    Expenses $58,095

  • The organizations other program service activities include ACLT safety, Youth Achievement Center, and community events

    Expenses $196,031 · Grants $2,455

As filed on the 2022 return.

Listed in Part VII

  • K Wyking Garrett

    Chief Executive Officer

    Total calculated
    $166,192
    From this org
    $166,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,192
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $166,192

  • Cochise More

    Director of Operations

    Total calculated
    $124,173
    From this org
    $124,173
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Andriana Alexis

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Saviour Knowledge

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Rev Martin Lawson

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Jacqueline Armstrong

    Vice Chair

    Total calculated
    $0
    Hours/week
    4

  • Margo Jones

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Amanda Licorish

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Micheal John Green

    Treasurer

    Total calculated
    $0
    Hours/week
    4

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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.

  • South Walker LLC

    Develop affordable housing for low income people · WA · income $35,443 · assets $32,258

    Directly controlled by Africatown Community Land Trust

  • 1601 Yesler LLC

    Low income and affordable housing · WA · income $330,000 · assets $14,288,189

    Directly controlled by Africatown Community Land Trust

  • Africatown Community Loan Fund

    Financial services tech & development assistance · WA · income $75,100 · assets $74,856

    Directly controlled by Africatown Community Land Trust

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323219349302162

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