Totals
- Total revenue
- $539,634
- Total expenses
- $146,057
- Contributions and grants received
- $511,175
- Grants paid
- $0
- Program service revenue
- $20,920
- Investment income
- $7,539
- Other revenue
- $0
- Total assets, end of year
- $1,271,832
- Total liabilities, end of year
- $363,519
- Net assets or fund balances, end of year
- $908,313
- Program services expenses (Part IX)
- $133,181
- Management and general expenses
- $6,802
- Fundraising expenses
- $6,074
- Program service expenses (Part III)
- $133,181
Program services were 91.2% 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)
$55,383
-
1f · All other contributions, gifts and grants
$455,792
-
2a · Program service revenue: RENTAL INCOME
total $20,440 · related or exempt $20,440
-
2b · Program service revenue: GROUND LEASE
total $480 · related or exempt $480
-
3 · Investment income
total $7,539 · related or exempt $7,539
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $2,133 · program services $2,133
-
11g · Fees: other
total $6,759 · program services $6,759
-
12 · Advertising and promotion
total $5,000 · fundraising $5,000
-
13 · Office expenses
total $765 · management and general $765
-
14 · Information technology
total $1,180 · management and general $1,180
-
20 · Interest
total $40,414 · program services $40,414
-
22 · Depreciation, depletion and amortization
total $6,058 · program services $6,058
-
23 · Insurance
total $3,054 · management and general $3,054
-
24a · Other expenses: PLANNING & DESIGN
total $50,371 · program services $50,371
-
24b · Other expenses: PROPERTY TAXES
total $16,925 · program services $16,925
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $6,328 · program services $6,328
-
24d · Other expenses: LOSS ON SALE OF HOMES
total $2,212 · program services $2,212
-
24e · All other expenses
total $4,858 · program services $1,981 · management and general $1,803 · fundraising $1,074
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $30,255 · end of year $38,856
-
2 · Savings and temporary cash investments
beginning of year $146,609 · end of year $212,422
-
10a · Land, buildings and equipment: cost or other basis
$725,741
-
10b · Land, buildings and equipment: accumulated depreciation
$12,545
-
10c · Land, buildings and equipment, net
beginning of year $427,559 · end of year $713,196
-
15 · Other assets
beginning of year $1,014,213 · end of year $307,358
-
23 · Secured mortgages and notes payable
beginning of year $742,500 · end of year $361,639
-
24 · Unsecured notes and loans payable
beginning of year $360,000
-
25 · Other liabilities
beginning of year $1,400 · end of year $1,880
-
31 · Retained earnings, endowment or other funds
beginning of year $514,736 · end of year $908,313
Mission and programs · 2024
Mission
A COMMUNITY LAND TRUST DEDICATED TO PROVIDING SECURE, AFFORDABLE HOUSING IN LEELANAU COUNTY.
Activities or mission (Part I)
A COMMUNITY LAND TRUST DEDICATED TO PROVIDING SECURE, AFFORDABLE HOUSING IN LEELANU COUNTY.
-
PURCHASE AND UPDATE RESIDENTIAL PROPERTIES. SELL THE HOUSE, BUT NOT THE LAND, TO INDIVIDUALS WHO WOULD OTHERWISE NOT BE ABLE TO AFFORD THE HOME. PENINSULA HOUSING LEASES THE LAND TO THE HOMEOWNER ON A LONG TERM LEASE.
Expenses $133,181
As filed on the 2024 return.
Listed in Part VII
-
John BevingtonJOHN BEVINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Meg DelorMEG DELOR
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
James DyerJAMES DYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lawrence MawbyLAWRENCE MAWBY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Sara MichaelSARA MICHAEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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
- 29 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513179349305271
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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