Form 990 for tax year 2024
Filed by INLAND EQUITY COMMUNITY LAND TRUST.
Totals
- Total revenue
- $129,385
- Total expenses
- $311,958
- Contributions and grants received
- $129,385
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,353,458
- Total liabilities, end of year
- $500,000
- Net assets or fund balances, end of year
- $853,458
- Program services expenses (Part IX)
- $226,300
- Management and general expenses
- $11,320
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $357,427
Program services were 72.5% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$990
-
1c · Fundraising events
$2,081
-
1d · Related organizations
$122,500
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$3,814
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue
total $0
-
2b · Program service revenue
total $0
-
2c · Program service revenue
total $0
-
2d · Program service revenue
total $0
-
2e · Program service revenue
total $0
-
2f · All other program service revenue
total $0
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
11a · Other revenue
total $0
-
11b · Other revenue
total $0
-
11c · Other revenue
total $0
-
11d · All other revenue
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $113,507 · program services $103,291 · management and general $10,216
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $12,264 · program services $11,160 · management and general $1,104
-
8 · Pension plan contributions
total $0 · program services $0
-
9 · Other employee benefits
total $16,675 · program services $0
-
10 · Payroll taxes
total $12,371 · program services $0
-
11a · Fees: management
total $0 · program services $0
-
11b · Fees: legal
total $0 · program services $0
-
11c · Fees: accounting
total $14,176 · program services $0
-
11d · Fees: lobbying
total $0 · program services $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $0 · program services $0
-
12 · Advertising and promotion
total $2,428 · program services $2,428
-
13 · Office expenses
total $2,316 · program services $2,316
-
14 · Information technology
total $326 · program services $326
-
15 · Royalties
total $0 · program services $0
-
16 · Occupancy
total $1,596 · program services $0
-
17 · Travel
total $8,641 · program services $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0
-
19 · Conferences, conventions and meetings
total $7,147 · program services $2,250
-
20 · Interest
total $31,875 · program services $31,875
-
21 · Payments to affiliates
total $0 · program services $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0
-
23 · Insurance
total $16,096 · program services $6,114
-
24a · Other expenses: Plan Adelanto Project Management
total $66,240 · program services $66,240
-
24b · Other expenses: Fundraising Expenses
total $6,000 · program services $0
-
24c · Other expenses: CCLTN Membership Dues
total $300 · program services $300
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,037,011 · end of year $447,286
-
2 · Savings and temporary cash investments
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$100,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $100,000 · end of year $100,000
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $16
-
13 · Investments: program-related
end of year $228,832
-
15 · Other assets
end of year $577,340
-
17 · Accounts payable and accrued expenses
beginning of year $101
-
24 · Unsecured notes and loans payable
beginning of year $100,895 · end of year $500,000
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,036,031 · end of year $853,458
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
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.
Activities or mission (Part I)
INLAND EQUITY COMMUNITY LAND TRUST IS BUILDING AFFORDABLE HOUSING USING THE CLT MODEL
-
The development of the well, site plans and entitlement requirements for Plan Adelanto. Phase One of Plan Adelanto is to build the four homes and make them available to low to moderate income families. The families will complete a home ownership program and receive some education about the community land trust structure and equity sharing.
Expenses $199,527
-
Outreach and education about renter's rights, pro-housing policies and jurisdictions' commitments in their Housing Elements.
Expenses $103,000
-
Outreach and education about the California EITC to encourage eligible people to apply.
Expenses $54,900
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Maribel Nunez
Executive Director
- Total calculated
- $36,143
- From this org
- $36,143
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Jeffery Green
Associate Director
- Total calculated
- $34,026
- From this org
- $34,026
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Anabel NevarezANABEL NEVAREZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Deborah HarrmondDEBORAH HARRMOND
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
-
Anthony NoriegaANTHONY NORIEGA
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Maria GalvanMARIA GALVAN
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Ruben Mendoza
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Yasmin
Ramirez
- Total calculated
- $43,338
- From this org
- $43,338
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202500939349300205
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