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← SOUTH BAY COMMUNITY LAND TRUST

Form 990 for tax year 2024

Filed by SOUTH BAY COMMUNITY LAND TRUST.

What the amendment changed

Compared with the return it replaced , filed 5 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$457,077 changed to $510,399
Total expenses
$809,034 changed to $862,357
Program service revenue
$3,666 changed to $3,670
Other revenue
-$105,972 changed to -$52,654
Program services expenses
$150,741 changed to $561,745
Management and general expenses
$658,293 changed to $219,546
Fundraising expenses
$0 changed to $81,066
Program service expenses (Part III)
$150,741 changed to $561,745

Listed only on the earlier return

  • Juan Lujano
  • Tafhari Franklin

Listed only on the later return

  • Delma Hernandez
  • Dina Ree
  • Jose Lujano
  • Laura Diaz Tovar

Listed under a different title

  • Elizabeth Gonzalez: President then Board President

Totals

Total revenue
$510,399
Total expenses
$862,357
Contributions and grants received
$558,268
Grants paid
$0
Program service revenue
$3,670
Investment income
$1,115
Other revenue
-$52,654
Total assets, end of year
$6,658,005
Total liabilities, end of year
$6,186,425
Net assets or fund balances, end of year
$471,580
Program services expenses (Part IX)
$561,745
Management and general expenses
$219,546
Fundraising expenses
$81,066
Program service expenses (Part III)
$561,745

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)

    $89,771

  • 1f · All other contributions, gifts and grants

    $468,497

  • 2a · Program service revenue: Program Revenue

    total $3,666 · related or exempt $3,666

  • 2b · Program service revenue: Rounding

    total $4 · related or exempt $4

  • 3 · Investment income

    total $1,115 · related or exempt $1,115

  • 6a · Gross rents

    real property $235,382

  • 6b · Less rental expenses

    real property $308,296

  • 6c · Rental income or loss

    real property -$72,914

  • 6d · Net rental income or loss

    total -$72,914 · related or exempt -$72,914

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other Income

    total $20,260 · related or exempt $20,260

  • 11e · Other revenue, total

    $20,260

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $444,233 · program services $275,425 · management and general $106,616 · fundraising $62,192

  • 9 · Other employee benefits

    total $59,306 · program services $36,770 · management and general $14,233 · fundraising $8,303

  • 10 · Payroll taxes

    total $36,901 · program services $22,879 · management and general $8,856 · fundraising $5,166

  • 11b · Fees: legal

    total $6,565 · program services $5,071 · management and general $1,494

  • 11c · Fees: accounting

    total $45,707 · management and general $45,707

  • 11g · Fees: other

    total $50,186 · program services $24,965 · management and general $25,221

  • 13 · Office expenses

    total $62,144 · program services $48,972 · management and general $8,469 · fundraising $4,703

  • 19 · Conferences, conventions and meetings

    total $7,303 · management and general $7,303

  • 22 · Depreciation, depletion and amortization

    total $123,121 · program services $123,121

  • 23 · Insurance

    total $24,640 · program services $24,529 · management and general $70 · fundraising $41

  • 24a · Other expenses: Utilities

    total $2,238 · management and general $1,577 · fundraising $661

  • 24b · Other expenses: Rounding

    total $13 · program services $13

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,305 · end of year $243,774

  • 2 · Savings and temporary cash investments

    beginning of year $64,908 · end of year $11,836

  • 3 · Pledges and grants receivable

    beginning of year $33,101 · end of year $51,988

  • 4 · Accounts receivable

    beginning of year $155,139 · end of year $70,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,117 · end of year $25,715

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

    $6,428,147

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

    $174,440

  • 10c · Land, buildings and equipment, net

    beginning of year $1,690,705 · end of year $6,253,707

  • 15 · Other assets

    beginning of year $2 · end of year $2

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,149 · end of year $9,186

  • 23 · Secured mortgages and notes payable

    end of year $6,087,283

  • 25 · Other liabilities

    beginning of year $1,589,594 · end of year $89,956

  • 27 · Net assets without donor restrictions

    beginning of year $206,386 · end of year $283,268

  • 28 · Net assets with donor restrictions

    beginning of year $617,148 · end of year $188,312

Mission and programs · 2024

Mission

The mission of South Bay Community Land Trust (SBCLT) is to acquire & manage real estate for community benefit to combat displacement, land speculation, and community deterioration, and to expand housing development opportunities for residents of Santa Clara County.

  • General Programs are used to combat displacement, land speculation, and community deterioration, and expand housing, and economic development opportunities for low-income and moderate-income residents in Santa Clara County.

    Expenses $561,745 · Revenue $510,399

As filed on the 2024 return.

Listed in Part VII

  • Laura Diaz Tovar

    Operational Co-DirectorStaff

    Total calculated
    $95,939
    From this org
    $95,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Jose Lujano

    Organizing Co-DirectorTreasurer

    Total calculated
    $82,880
    From this org
    $82,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Delma Hernandez

    Organizing Co-DirectorStaff

    Total calculated
    $82,880
    From this org
    $82,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Dina Ree

    ManagerStaff

    Total calculated
    $64,480
    From this org
    $64,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Elizabeth Gonzalez

    Board President

    Total calculated
    $0
    Hours/week
    0

  • Sandy Perry

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • Alyssa Serrano

    Secretary

    Total calculated
    $0
    Hours/week
    0

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
7 May 2026
IRS schema version
2024v5.2
Source object
202611409349300711

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