Overview
What is Irvine Community Land Trust?
The Irvine Community Land Trust is a nonprofit organization situated in Irvine, California, at 503 Nightmist. Its primary mission is to alleviate government burdens by developing, constructing, financing, managing, selling, renting, subsidizing, and monitoring affordable housing facilities. This includes single-family and multi-family housing units, as well as acquiring and holding land for such purposes in perpetuity. To date, the organization's largest program services involve subsidizing development costs for affordable multi-family rental projects, acquiring, rehabilitating, and renting out scattered site housing units, and acquiring land for future affordable housing development. The Irvine Community Land Trust operates with a dedicated workforce of one individual.
Official website here: www.irvineclt.org
Is Irvine Community Land Trust legitimate?
Irvine Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irvine 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $188,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.irvineclt.org
What is the mission statement of Irvine Community Land Trust?
The Irvine Community Land Trust aims to alleviate governmental burdens by engaging in various housing-related activities. This includes developing, constructing, financing, managing, selling, renting, subsidizing, and monitoring both single and multi-family housing units. Moreover, the trust holds land and assets in perpetuity for affordable housing purposes. To date, the Irvine Community Land Trust has subsidized development costs for affordable multi-family rental projects, acquired, rehabilitated, and rented out scattered site housing units at affordable prices, and acquired land for development as affordable housing.
Official website here: www.irvineclt.org
Who is the CEO of Irvine Community Land Trust?
William Hughes is the Exec Director of Irvine Community Land Trust.
Official website here: www.irvineclt.org
What is the revenue of Irvine Community Land Trust?
Irvine Community Land Trust's revenue in 2023 was $2,078,400.
Official website here: www.irvineclt.org
Who are the executives of Irvine Community Land Trust and what are their salaries?
The average compensation at Irvine Community Land Trust during 2023 was $188,192. There is 1 employee at Irvine Community Land Trust.
Here are 10 key members and their salaries:
- Compensation: $172,634
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- Other: $0
- Compensation: $15,558
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- Compensation: $0
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- Other: $0
Official website here: www.irvineclt.org
Where can I find the form 990 for Irvine Community Land Trust?
Irvine Community Land Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.irvineclt.org
Learn more at the official website: www.irvineclt.org
Mission Statement of Irvine Community Land Trust
Irvine Community Land Trust, as a nonprofit organization, aims to alleviate government burdens in part by engaging in various housing-related activities. One of its significant missions involves the development, construction, financing, management, selling, renting, subsidizing, and monitoring of both single and multi-family housing units. Furthermore, Irvine Community Land Trust holds in perpetuity land and assets for the purpose of providing affordable housing.
In pursuit of this mission, the organization has undertaken several key program services. Firstly, Irvine Community Land Trust has subsidized development costs for numerous affordable multi-family rental projects. Secondly, they have acquired, rehabilitated, and rented out scattered site housing units at affordable rates. Lastly, the nonprofit has acquired land for development as affordable housing. Through these initiatives, Irvine Community Land Trust has demonstrated its commitment to making housing affordable and accessible for a broader segment of the population.
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Impact
October, 2024
The Irvine Community Land Trust has made a significant impact in addressing the affordable housing crisis in the region. By actively engaging in the development, construction, financing, and management of both single and multi-family housing, it plays a crucial role in providing affordable living options for the community.
Key programs have included subsidizing development costs for affordable multi-family rental projects, acquiring and rehabilitating scattered-site housing units for rent at affordable rates, and acquiring land dedicated to the development of affordable housing. Through these efforts, the Trust not only helps to alleviate the financial burdens faced by local residents but also strengthens the housing market by ensuring that essential affordable options remain available.
By maintaining control over land and assets designated for affordable housing in perpetuity, the Irvine Community Land Trust is committed to long-term solutions that foster community stability and enhance the quality of life for vulnerable populations in Irvine, California.
This information is meant to be a general summary of Irvine 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.
- Investment Income: $1,578,550
- Program Service Revenue: $526,440
- Gross Receipts: $2,263,180
Assets and Liabilities:
- Total Assets: $77,740,372
- Total Liabilities: $25,713
- Net Assets: $77,714,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE FEE
Revenue
$348,088
Unreal gain donated RE
Revenue
$177,552
Other Income
Revenue
$800
Organization Details
Founding Year
2006
Principal Officer
William Hughes
Main Address
503 Nightmist, Irvine, CA, 92618
Website
www.irvineclt.orgNTEE Category
Code: L20 - Housing
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