Overview
What is Holyoke Community Land Trust Inc?
Holyoke Community Land Trust Inc is a nonprofit organization dedicated to maintaining and preserving affordable housing. They manage a total of seventeen buildings and nineteen dwelling units, with a recent amendment to the ground lease. After fifteen years, these properties are conveyed to the leaseholders. Additionally, the organization manages nineteen homes with twenty-two dwelling units, which are permanently affordable due to a 99-year renewable ground lease. Through these initiatives, Holyoke Community Land Trust Inc promotes and ensures long-term affordability of housing in their community.
Official website here: www.holyokeclt.org
Is Holyoke Community Land Trust Inc legitimate?
Holyoke Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holyoke Community Land Trust Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.holyokeclt.org
What is the mission statement of Holyoke Community Land Trust Inc?
Holyoke Community Land Trust Inc's mission is centered around the stewardship of its community-owned properties. Currently, the trust manages 17 buildings with 19 dwelling units, maintaining these properties for fifteen years before transferring the deeds to the leaseholders. The trust also oversees 19 homes with 22 dwelling units, ensuring these properties remain permanently affordable through a 99-year renewable ground lease. The organization's mission can be summarized as preserving and maintaining affordable housing for its community members.
Official website here: www.holyokeclt.org
What is the revenue of Holyoke Community Land Trust Inc?
Holyoke Community Land Trust Inc's revenue in 2021 was -$147,755.
Official website here: www.holyokeclt.org
Who are the executives of Holyoke Community Land Trust Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.holyokeclt.org
Where can I find the form 990EZ for Holyoke Community Land Trust Inc?
Holyoke Community Land Trust Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Official website here: www.holyokeclt.org
Learn more at the official website: www.holyokeclt.org
Mission Statement of Holyoke Community Land Trust Inc
Holyoke Community Land Trust Inc, a nonprofit organization, is committed to ensuring the affordability and accessibility of housing for its community members. Their mission involves the stewardship of existing properties, specifically seventeen buildings with nineteen dwelling units and nineteen homes with twenty-two dwelling units. These properties are subject to deed-restrictions, ensuring their affordability for a minimum of fifteen years. After this period, the deeds are conveyed to the leaseholders. This process of deed amendment was recently implemented within the organization. The properties under Holyoke Community Land Trust Inc's management are perpetually affordable, thanks to a 99-year renewable ground lease. This commitment to affordability and property stewardship is a significant contribution to the community, ensuring that housing remains a viable option for its members.
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Impact
October, 2024
Holyoke Community Land Trust Inc significantly contributes to housing stability and affordability in Holyoke, MA. By managing a portfolio of nineteen homes across seventeen buildings, it ensures that these properties remain perpetually affordable for community members. The stewardship of these units includes a commitment to long-term affordability through a 99-year renewable ground lease, allowing families to build roots in the community without the burden of escalating housing costs.
The organization's recent amendment to the ground lease demonstrates an adaptive approach to housing solutions, transitioning certain properties to leaseholders after a 15-year deed restriction period. This promotes homeownership and offers residents a pathway to equity while maintaining affordable housing options in the face of market pressures. Overall, the Holyoke Community Land Trust plays a vital role in fostering sustainable and equitable housing opportunities, empowering residents and strengthening the local community.
This information is meant to be a general summary of Holyoke Community Land Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Assets and Liabilities:
- Total Assets: $1
- Total Liabilities: $0
- Net Assets: $1
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Organization Details
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