OPAL COMMUNITY LAND TRUST

EIN: 943116010 501(c)(3) Housing & Shelter

EASTSOUND, WA

Total Revenue
$4,098,134
Total Expenses
$1,546,200
Total Assets
$38,003,267
Net Assets
$32,370,999
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WA
Principal Officer
MINOR LILE
Phone
3603763191
Tax Period
2024-01-01 to 2024-12-31

OPAL COMMUNITY LAND TRUST, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.6M, a strong 62% operating margin.

Mission

THE MISSION OF OPAL COMMUNITY LAND TRUST IS TO HELP SUSTAIN ORCAS ISLAND AS A HEALTHY, ECONOMICALLY DIVERSE COMMUNITY BY PROVIDING PERMANENTLY AFFORDABLE HOMES AND RELATED EDUCATION AND SUPPORT FOR ISLANDERS-FAMILIES, SENIORS AND SINGLES - WHOSE HOUSING NEEDS ARE NOT MET BY THE TRADITIONAL MARKET.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,151,329
Program Service Revenue $700,683
Investment Income $179,971
Other Revenue $66,151
TOTAL REVENUE $4,098,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $936,508
Fundraising Expenses $71,430
Program Expenses $1,054,870
Other Expenses $609,692
TOTAL EXPENSES $1,546,200

Year-over-Year Comparison

2024 2023 Change
Revenue $4,098,134 $4,687,739 -0.1%
Expenses $1,546,200 $1,659,566 -0.1%
Net Income $2,551,934 $3,028,173 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
31

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$140,105
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EROS BELLIVEAU TRUSTEE 2.00
Director
$0 $0 $0
BONNIE BURG TRUSTEE 2.00
Director
$0 $0 $0
BOB MORRIS TRUSTEE 2.00
Director
$0 $0 $0
RUSTY DIGGS TRUSTEE 2.00
Director
$0 $0 $0
MALLORY HAGEL TRUSTEE 2.00
Director
$0 $0 $0
JAMI MITCHELL TRUSTEE 2.00
Director
$0 $0 $0
MANDY RANDOLPH TRUSTEE 2.00
Director
$0 $0 $0
ANNE BERTINO SECRETARY 2.00
Officer
$0 $0 $0
MINOR LILE TREASURER 2.00
Officer
$0 $0 $0
ANNE MARIE SHANKS VICE PRESIDENT 2.00
Officer
$0 $0 $0
MARGARET MILLS PRESIDENT 2.00
Officer
$0 $0 $0
ELISABETH BYERS EXECUTIVE DIR. 40.00
Officer
$132,000 $8,105 $140,105
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,098,134 $1,546,200 $38,003,267 $2,551,934
2023 $4,687,739 $1,659,566 $37,312,290 $3,028,173
2022 $3,972,940 $1,114,675 $33,080,547 $2,858,265
2021 $3,185,128 $1,226,283 $30,315,756 $1,958,845
2021 $3,185,128 $528,195 $30,315,756 $2,656,933
2020 $5,795,157 $1,068,000 $27,993,891 $4,727,157
2019 $2,661,157 $813,611 $22,301,158 $1,847,546
2018 $2,422,428 $804,616 $19,052,477 $1,617,812
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