SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMESTEAD COMMUNITY LAND TRUST, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $11.0M left a modest 6% surplus.
HOMESTEAD CLT DEVELOPS LAND AND HOUSING IN TRUST THAT GIVES LOWER-INCOME HOUSEHOLDS THE OPPORTUNITY TO OWN A HOME THAT IS AFFORDABLE TO THEM AND REMAINS AFFORDABLE TO FUTURE OWNERS.
WITH 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...
WITH 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 AND STABILITY. BY CONSTRUCTING WITH A HIGH ENVIRONMENTAL STANDARD, WE CREATE HOUSING AND CLIMATE EQUITY FOR THESE LOWER-INCOME HOMEOWNERS. THROUGH PARTNERSHIPS WITH PRIVATE DONORS AND PUBLIC AGENCIES, HOMESTEAD IDENTIFIED A PIPELINE OF 218 MORE HOMES TO BUILD OVER THE NEXT FIVE YEARS, ON SURPLUS AND DONATED LAND. BY YEAR END, HOMESTEAD HELD 257 HOMES IN TRUST, AND HAD CREATED OVER 329 FIRST TIME HOMEBUYING OPPORTUNITIES FOR INCOME-QUALIFIED HOUSEHOLDS. BY REMOVING HOMES FROM THE SPECULATIVE MARKET AND HOLDING THEM IN TRUST IN PERPETUITY, HOMESTEAD IS CREATING AN ALTERNATE, AFFORDABLE ECONOMY FOR HOUSING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,670,323 | $22,126,975 | -0.5% |
| Expenses | $10,983,987 | $3,777,581 | +1.9% |
| Net Income | $686,336 | $18,349,394 | -1.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KATHLEEN HOSFELD | EXECUTIVE DIRECTOR | 60.00 |
Officer
|
$168,208 | $10,117 | $178,325 |
| MARTINA JAMBRICHOVA | FINANCE DIRECTOR | 36.00 |
Officer
Director
|
$127,072 | $13,936 | $141,008 |
| ERIC PRAVITZ | DIRECTOR OF REAL ESTATE DEVELOPMENT | 40.00 |
Highest
|
$105,911 | $8,707 | $114,618 |
| CHERYL JACKSON WILLIAMS | BOARD PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PEARL NELSON | BOARD VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHANTE HOUSTON | BOARD SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANELLE ROTHFOLK | BOARD SECRETARY (THRU 02/2024) | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN SKINNER | BOARD TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHANDLER GAYTON | BOARD MEMBER (THRU 08/2024) | 3.00 |
Director
|
$0 | $0 | $0 |
| EILEEN FRANZ | BOARD MEMBER (THRU 07/2024) | 3.00 |
Director
|
$0 | $0 | $0 |
| SHAVON JONES | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| REBECCA LANE | BOARD MEMBER (THRU 01/2024) | 3.00 |
Director
|
$0 | $0 | $0 |
| FRANK ELIZONDO-ALCALA | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| SUSAN ZEMAN | BOARD MEMBER (THRU 01/2024) | 3.00 |
Director
|
$0 | $0 | $0 |
| RACHEL FABER MACHACHA | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LAING | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JARROD KLUK | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JULIA JANNON SHIELDS | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| BRIAN NEVILLE | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,670,323 | $10,983,987 | $50,664,783 | $686,336 |
| 2023 | $22,126,975 | $3,777,581 | $50,235,057 | $18,349,394 |
| 2022 | $11,061,346 | $10,945,680 | $24,071,925 | $115,666 |
| 2021 | $6,114,332 | $6,612,774 | $27,329,923 | $-498,442 |
| 2020 | $1,337,968 | $823,640 | $24,239,411 | $514,328 |
| 2019 | $1,522,033 | $679,182 | $16,161,237 | $842,851 |
| 2018 | $915,455 | $1,486,419 | $14,564,764 | $-570,964 |
Compare HOMESTEAD COMMUNITY LAND TRUST with other nonprofits in Washington and across the country.