Housing Land Trust of Sonoma County

Analysis

Housing Land Trust of Sonoma County is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Land Trust of Sonoma County reported income of $3.0m and spending of $508k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.0m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Land Trust of Sonoma County sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Crotona Estates Housing Development Fund Company Inc ($3.0m), The Safe Alliance Affordable Housing Corporation ($3.0m) and North Pacific Homes Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $176k (35% of expenses). Other salaries and wages came to $75k. At year end it held assets of $26.2m against liabilities of $2,389, net assets of $26.2m. It reported 3 employees.