Overview
What is West Rehoboth Community Land Trust?
The West Rehoboth Community Land Trust is a nonprofit organization dedicated to offering affordable housing solutions to low-income individuals. Situated in a historical black community, its mission is twofold: firstly, to combat community deterioration by fostering the development, restoration, and upkeep of decent housing. Secondly, it aims to preserve land for the long-term advantage of its residents, enabling them to maintain control over their housing. By doing so, the trust provides a sustainable and affordable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The West Rehoboth Community Land Trust has earned a solid Three-Star rating with an overall score of 87%. This rating reflects strong accountability and financial health, showcasing a commitment to transparency and ethical governance. The organization has a fully independent board, which is critical for maintaining integrity and trustworthiness in its operations.
Strengths highlighted in the data include a perfect score for its independent board structure and policies related to whistleblowing and document retention. Additionally, the trust demonstrates excellent financial management, evidenced by a low liabilities to assets ratio of 19.82% and a high program expense ratio of 93.47%, indicating that a significant portion of its resources is directed towards its mission and programs.
While the organization excels in many areas, the data does not point out any specific limitations or weaknesses. Overall, the West Rehoboth Community Land Trust appears to be a well-managed nonprofit dedicated to its community objectives.
This AI summary has been generated from information found on Charity Navigator.
Is West Rehoboth Community Land Trust legitimate?
West Rehoboth Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Rehoboth Community Land Trust submitted a form 990, 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.
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What is the mission statement of West Rehoboth Community Land Trust?
The West Rehoboth Community Land Trust is committed to providing affordable housing opportunities for low-income individuals. Its mission is to combat community deterioration by promoting the development, rehabilitation, and maintenance of decent housing. Furthermore, the land trust aims to keep land in trust for the long-term benefit of its residents, ensuring that housing remains under their control. The primary objective is to offer housing that is both decent and reasonably priced, thereby contributing to the well-being of its community.
Who is the CEO of West Rehoboth Community Land Trust?
Eleanor Marchtmon is the President of West Rehoboth Community Land Trust.
What is the revenue of West Rehoboth Community Land Trust?
West Rehoboth Community Land Trust's revenue in 2023 was $38,689.
Who are the executives of West Rehoboth Community Land Trust and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for West Rehoboth Community Land Trust?
West Rehoboth Community Land Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of West Rehoboth Community Land Trust
West Rehoboth Community Land Trust is an organization committed to providing housing opportunities for individuals with low income. Its mission is twofold. Firstly, it aims to combat community deterioration by promoting the development, rehabilitation, and maintenance of decent housing within its community. Secondly, the trust holds land in trust for the long-term benefit of its residents, ensuring that housing remains affordable and controlled by its inhabitants over an extended period. The West Rehoboth Community Land Trust seeks to offer decent housing that is both accessible and sustainable, striving to improve the living conditions of its residents and contribute to the overall well-being of the community.
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Impact
August, 2024
The West Rehoboth Community Land Trust impacts the community by providing housing opportunities to low-income individuals, combating community deterioration, promoting the development and maintenance of decent housing, and holding land in trust for the long-term benefit of residents. It aims to offer decent and affordable housing controlled by its residents on a long-term basis.
This information is meant to be a general summary of West Rehoboth Community Land Trust. 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 2023.
- Program Service Revenue: $28,570
- Gross Receipts: $38,689
Assets and Liabilities:
- Total Assets: $675,829
- Total Liabilities: $134,033
- Net Assets: $541,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BURTON
Revenue
$15,925
NORWOOD
Revenue
$11,325
HAZZARD
Revenue
$480
BLACKWELL
Revenue
$480
MARSHTMON
Revenue
$360
Organization Details
Founding Year
2005
Principal Officer
Eleanor Marchtmon
Main Address
PO BOX 633, REHOBOTH BEACH, DE, 19971
NTEE Category
Code: L20 - Housing
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