Homestead Community Land Trust
Homestead Community Land Trust reported $11.7 million in revenue and $11.0 million in expenses for calendar year 2024. Of every $100 it spent, $93.81 went to program services, $3.81 to management and general costs and $2.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.3% of the total. The highest compensation it reported for one person was $178,325 (EXECUTIVE DIRECTOR). 3 people received more than $100,000 in reportable compensation. Revenue rose 667% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.14 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 15.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.1% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 72.3% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $178,325 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.62% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.6 | 10.0 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseWith 30+ years' service to king county, homestead combines housing development with buyer and owner support to grow and preserve an inventory of permanently affordable homes and successful homeowners. Every home in trust is sold at an affordable price to an income-qualified household and is kept affordable to all future buyers. Our homes put the financial, social, health and economic mobility benefits of ownership within reach of those shut out of ownership by our high-cost market, and/or the legacy of systemic housing inequities. As a result, owners are placed on a path to wealth building…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 60.00 hrs/week | $168,208 | $0 | $10,117 | $178,325 |
| FINANCE DIRECTOR Director/trustee, officer, 36.00 hrs/week | $127,072 | $0 | $13,936 | $141,008 |
| DIRECTOR OF REAL ESTATE DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $105,911 | $0 | $8,707 | $114,618 |
3 people received more than $100,000 in reportable compensation from Homestead Community Land Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $319K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 514
- Volunteers Part I, line 646
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| EDGE COMMUNITY BUILDERS LLC General contractor | $4,387,074 |
| THIRD PLACE DESIGN CO-OPERATIVE Architects | $339,526 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Homestead Community Land Trust totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Homestead Community Land Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Homestead Community Land Trust, you can publish a response that is linked from this page.
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Of every $100 Homestead Community Land Trust spent in 2024, $93.81 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Elim Senior HousingEdina, MN · revenue $12M · programs 89.1% · 2024
- Bridgewater VillageBridgewater, VA · revenue $12M · programs 82.9% · FY2025
- Modesto Gospel MissionModesto, CA · revenue $12M · programs 85.8% · FY2024
- Meadowbrook Village Christian Retirement CommunityEscondido, CA · revenue $12M · programs 97.3% · 2025
- Habitat for Humanity Roaring ForkGlenwood Springs, CO · revenue $12M · programs 93.7% · FY2025
All housing & shelter charities · Largest charities in Washington
Questions people ask
How much of Homestead Community Land Trust's spending goes to programs?
In calendar year 2024, Homestead Community Land Trust reported that 93.8% of its $11.0 million in expenses went to program services, 3.8% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does Homestead Community Land Trust pay its top executive?
The largest total compensation Homestead Community Land Trust reported for one person in calendar year 2024 was $178,325, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Homestead Community Land Trust get its money?
Of $11.7 million in revenue in calendar year 2024, 15.7% came from contributions and grants (including 1.1% from government grants) and 72.3% from program service revenue (Form 990, Part VIII).
Is Homestead Community Land Trust a registered charity?
The IRS lists EIN 91-1565651 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512889349303301 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442979349300824 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349305876 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223139349304092 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349329019 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349320520 · read the filing
All filings for EIN 91-1565651: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.