COMMUNITY LAND TRUST ASSOCIATION OF WEST MARIN

EIN: 943381744 501(c)(3) Housing & Shelter

POINT REYES STATION, CA

Total Revenue
$1,312,440
Total Expenses
$1,335,001
Total Assets
$11,493,368
Net Assets
$7,729,981
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
JARROD RUSSELL
Phone
4156631005
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY LAND TRUST ASSOCIATION OF WEST MARIN, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $7.7M represent 71 months of operating reserves.

Mission

CLAM strengthens communities in West Marin through the creation and stewardship of permanently affordable homes.We envision a diverse West Marin community where people have a secure place to call home.

Program Service Accomplishments

Program 1
Expenses: $899,636 Revenue: $379,206

In 2024, CLAM provided ongoing management and stewardship of its rental properties that provide 20 affordable rentals in the West Marin area. We provided housing to 40 renters in 20 rental housing...

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In 2024, CLAM provided ongoing management and stewardship of its rental properties that provide 20 affordable rentals in the West Marin area. We provided housing to 40 renters in 20 rental housing units and three affordable ownership homes. Significant improvements were made on two rental apartment buildings CLAM owns - the Mesa Apts and Ocean Terrace.

Program 2
Expenses: $58,044

In 2024, CLAM continued our work to secure the Coast Guard Neighborhood Project in Point Reyes Station to provide 54 units of rental housing to over 180 residents. CLAM and co-development partner...

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In 2024, CLAM continued our work to secure the Coast Guard Neighborhood Project in Point Reyes Station to provide 54 units of rental housing to over 180 residents. CLAM and co-development partner Eden Housing worked with our design team, including architects, and a consulting General Contractor, and septic engineers to complete the planning submission portion of the low-income housing tax credit project. This project planning submission was deemed substantially complete and the project comlpeted the CEQA phase of environmental review, as well as secured planning entitlements and a use permit.

Program 3
Expenses: $36,326

Martinelli Ranch/Displaced Families-2024 Marked the start of CLAMs work assisting displaced families. CLAM began the process of investigating potential property acquisitions for the purpose of...

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Martinelli Ranch/Displaced Families-2024 Marked the start of CLAMs work assisting displaced families. CLAM began the process of investigating potential property acquisitions for the purpose of rehousing soon to be displaced ranch families. CLAM received funding from Marin Community Foundation to perform an Interim Housing Feasibility Study, reviewing more than 30 local sites to assess for lease or acquisition.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $901,700
Program Service Revenue $379,206
Investment Income $31,534
Other Revenue $0
TOTAL REVENUE $1,312,440

Expense Breakdown

Grants Paid $81,000
Salaries & Benefits $533,643
Fundraising Expenses $117,781
Program Expenses $994,006
Other Expenses $720,358
TOTAL EXPENSES $1,335,001

Year-over-Year Comparison

2024 2023 Change
Revenue $1,312,440 $1,940,969 -0.3%
Expenses $1,335,001 $1,218,258 +0.1%
Net Income $-22,561 $722,711 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
7
Volunteers
44

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
6
$112,658
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA J GIACOMINI DEVELOPMENT DIRECT 40.00
$126,569 $8,500 $135,069
JARROD RUSSELL Ex Dir 6/5/24- 40.00
Officer
$70,364 $7,752 $78,116
PAM DORR Ex Dir -6/5/24 40.00
Officer
$32,481 $2,061 $34,542
PAMELA WRIGHT President 8.00
Officer Director
$0 $0 $0
SARAH MYERS Trustee 2.00
Director
$0 $0 $0
Cathleen Dorinson Secretary 2.00
Officer Director
$0 $0 $0
NICOLE BARTOLINI Trustee 2.00
Director
$0 $0 $0
LYNN GIACOMINI Trustee 2.00
Director
$0 $0 $0
STEVE ANTONAROS Trustee 2.00
Director
$0 $0 $0
ANGELA MOTA Secretary 2.00
Officer Director
$0 $0 $0
BOB HOUGHTELING Treasurer 3.00
Officer Director
$0 $0 $0
JORGE MARTINEZ Trustee 2.00
Director
$0 $0 $0
Jelani Bertoni Trustee 2.00
Director
$0 $0 $0
Daniel Cordrey Trustee 2.00
Director
$0 $0 $0
Joe Gillach Trustee 2.00
Director
$0 $0 $0
Stephen Horvat Trustee 2.00
Director
$0 $0 $0
Jonathan Barajas Trustee 2.00
Director
$0 $0 $0
ELVIRA XAXNI Trustee 2.00
Director
$0 $0 $0
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 $1,312,440 $1,335,001 $11,493,368 $-22,561
2023 $1,940,969 $1,218,258 $11,044,727 $722,711
2022 $1,524,604 $1,155,252 $9,493,461 $369,352
2021 $1,731,271 $1,054,287 $8,547,517 $676,984
2020 $1,202,855 $768,457 $7,873,797 $434,398
2019 $955,579 $699,778 $7,382,845 $255,801
2018 $2,437,236 $780,616 $7,178,761 $1,656,620
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