Overview
What is Delray Beach Community Land Trust Inc?
Delray Beach Community Land Trust Inc is a nonprofit organization situated in Delray Beach, Florida, specifically at 141 SW 12th Avenue. Their primary mission is to offer affordable housing options for individuals with low to moderate income levels. With a dedicated workforce of four employees, they strive to make a significant impact in their community by providing essential housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Delray Beach Community Land Trust Inc has achieved a high level of accountability and financial health, as evidenced by its 94% score from Charity Navigator. The organization boasts a perfect score in critical areas such as independent board membership and financial oversight, indicating strong governance practices. With 100% of its board members being independent and a solid structure for audits, the organization demonstrates a commitment to transparency and effective management.
The nonprofit allocates a substantial portion of its budget to program expenses, with nearly 93% of its expenditures directed toward fulfilling its mission. This high program expense ratio reflects the organization's dedication to its community initiatives, suggesting that it effectively utilizes its resources to support its objectives. Additionally, the absence of material asset diversions further enhances its reputation as a responsible steward of donor funds.
Overall, the Delray Beach Community Land Trust Inc has established itself as a well-managed nonprofit with robust financial practices. While the data does not indicate any notable limitations, its strong accountability measures and high program spending position it favorably among its peers in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Delray Beach Community Land Trust Inc legitimate?
Delray Beach Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delray Beach Community Land Trust Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $142,653
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,305
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What is the mission statement of Delray Beach Community Land Trust Inc?
Delray Beach Community Land Trust Inc is committed to providing affordable housing options for individuals with low to moderate income levels. Their mission is to ensure that everyone, regardless of their financial situation, has access to a decent and affordable place to call home. The organization strives to make a significant impact in the community by creating and preserving affordable housing options, thereby promoting social equity and inclusivity. Through their initiatives, they aim to bridge the gap between housing affordability and economic disparity, thereby contributing to a more equitable society.
Who is the CEO of Delray Beach Community Land Trust Inc?
Evelyn S Dobson is the President of Delray Beach Community Land Trust Inc.
What is the revenue of Delray Beach Community Land Trust Inc?
Delray Beach Community Land Trust Inc's revenue in 2022 was $1,416,345.
Who are the executives of Delray Beach Community Land Trust Inc and what are their salaries?
The average compensation at Delray Beach Community Land Trust Inc during 2022 was $69,990. There are 4 employees at Delray Beach Community Land Trust Inc.
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- Compensation: $142,653
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Where can I find the form 990 for Delray Beach Community Land Trust Inc?
Delray Beach Community Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delray Beach Community Land Trust Inc
Delray Beach Community Land Trust Inc is dedicated to providing affordable housing solutions for individuals with low to moderate income levels. Their mission, simply put, is to ensure that everyone has access to a decent and affordable place to call home, regardless of their income status. By focusing on this crucial need, the organization aims to make a significant impact in the lives of many, promoting stability and a sense of security within communities.
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Impact
October, 2024
Delray Beach Community Land Trust Inc significantly impacts the community by promoting affordable housing solutions for very low to moderate-income individuals. By providing accessible housing options, the organization addresses the growing need for affordable living spaces in Delray Beach, helping to alleviate issues of housing insecurity. This initiative not only enhances the quality of life for residents but also stabilizes the community by fostering long-term residency and economic diversity. By focusing on affordable housing, the organization contributes to a more inclusive environment, ensuring that individuals and families from various socioeconomic backgrounds can thrive in Delray Beach.
This information is meant to be a general summary of Delray Beach 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 2022.
- Investment Income: $2,081
- Program Service Revenue: $635,817
- Gross Receipts: $1,416,345
Assets and Liabilities:
- Total Assets: $7,669,029
- Total Liabilities: $437,700
- Net Assets: $7,231,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PALM MANOR-RENT
Revenue
$263,475
2100 SW 12TH-RENTS
Revenue
$137,434
DEVELOPER FEES
Revenue
$52,828
GROUND LEASE FEES
Revenue
$44,017
36 NW 13TH AVE DUPLEX
Revenue
$25,150
Organization Details
Founding Year
2006
Principal Officer
Evelyn S Dobson
Main Address
141 SW 12TH AVENUE, DELRAY BEACH, FL, 33444
NTEE Category
Code: L22 - Housing
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