Overview
What is Community Land Trust Of Palm Beach County And The Treasure Coast Inc?
Community Land Trust of Palm Beach County and the Treasure Coast Inc is a dedicated nonprofit organization that prioritizes increasing the availability of affordable housing for individuals with moderate, low, and very-low incomes in Palm Beach County. They accomplish this mission by engaging in activities such as land acquisition and housing development. Most notably, they secured $2 million in state funding to construct Davis Commons, a 20-unit affordable housing complex catering to households earning 120% of the area median income. Moreover, the organization has expanded its reach to encompass the city of Port Saint Lucie, extending its services to a broader community.
Official website here: www.cltofpbc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Community Land Trust of Palm Beach County and the Treasure Coast Inc has received a solid Three-Star rating, reflecting a commendable overall score of 82%. This rating is primarily based on their accountability and finance aspects, indicating strong governance practices and transparency in operations. The organization boasts a fully independent board and an impressive program expense ratio of 91.19%, demonstrating a focus on utilizing funds directly for their mission.
Strengths of the nonprofit include robust policies such as conflict of interest, whistleblower protection, and document retention, all of which contribute to a well-structured and accountable organization. Their commitment to financial integrity is also evident, as there has been no material diversion of assets reported, suggesting a reliable stewardship of resources.
However, a notable limitation is the ratio of liabilities to assets, which stands at 109.98%. This indicates that the organization has more liabilities than assets, raising potential concerns about financial stability in the long term. Overall, while the organization demonstrates strong governance and program efficiency, attention should be paid to its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Community Land Trust Of Palm Beach County And The Treasure Coast Inc legitimate?
Community Land Trust Of Palm Beach County And The Treasure Coast Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Land Trust Of Palm Beach County And The Treasure Coast 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: $104,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,236
For more financial information, click here
Official website here: www.cltofpbc.org
What is the mission statement of Community Land Trust Of Palm Beach County And The Treasure Coast Inc?
The Community Land Trust of Palm Beach County and the Treasure Coast Inc is committed to increasing the long-term availability of affordable housing for residents with moderate, low, and very-low incomes. To fulfill this mission, the organization engages in various activities, including land acquisition and housing development. Notably, it secured $2 million in state funding to construct Davis Commons, a 20-unit affordable housing complex catering to households with incomes at 120% of the Area Median Income (AMI). Additionally, the organization has expanded its service area to include the city of Port Saint Lucie.
Official website here: www.cltofpbc.org
Who is the CEO of Community Land Trust Of Palm Beach County And The Treasure Coast Inc?
Cindee Lacourse-Blum is the President of Community Land Trust Of Palm Beach County And The Treasure Coast Inc.
Official website here: www.cltofpbc.org
What is the revenue of Community Land Trust Of Palm Beach County And The Treasure Coast Inc?
Community Land Trust Of Palm Beach County And The Treasure Coast Inc's revenue in 2022 was $941,353.
Official website here: www.cltofpbc.org
Who are the executives of Community Land Trust Of Palm Beach County And The Treasure Coast Inc and what are their salaries?
The average compensation at Community Land Trust Of Palm Beach County And The Treasure Coast Inc during 2022 was $63,727. There are 3 employees and 20 volunteers at Community Land Trust Of Palm Beach County And The Treasure Coast Inc.
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- Compensation: $108,511
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- Other: $2,980
Official website here: www.cltofpbc.org
Where can I find the form 990 for Community Land Trust Of Palm Beach County And The Treasure Coast Inc?
Community Land Trust Of Palm Beach County And The Treasure Coast Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cltofpbc.org
Learn more at the official website: www.cltofpbc.org
Mission Statement of Community Land Trust Of Palm Beach County And The Treasure Coast Inc
The Community Land Trust of Palm Beach County and the Treasure Coast is a dedicated organization with a mission to augment the long-term availability of reasonably priced housing for individuals and families with limited income. To accomplish this objective, they engage in various activities, including land acquisition and housing development. One of their accomplishments is securing $2 million in state housing aid to finance the construction of Davis Commons, a 20-unit housing complex catering to families with an income of 120% of the Area Median Income (AMI). Beyond this, the organization has broadened its service area to encompass the city of Port Saint Lucie.
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Impact
October, 2024
Community Land Trust of Palm Beach County and the Treasure Coast has a significant impact on housing affordability in the region, particularly for very-low, low, and moderate-income residents. By focusing on increasing the permanent supply of affordable housing, the organization undertakes vital activities such as land acquisition and housing development, directly addressing the ongoing housing crisis.
One of its notable achievements includes securing $2 million in state housing assistance, which has facilitated the construction of Davis Commons, a 20-unit affordable housing development designed for households earning up to 120% of the Area Median Income (AMI). This initiative not only provides much-needed housing options but also fosters community stability and economic diversity.
Additionally, the expansion of its service area to include Port Saint Lucie demonstrates a commitment to addressing the broader housing needs across the Treasure Coast. Through these efforts, the Community Land Trust positively contributes to the social fabric of the region, ensuring that more residents have access to safe and affordable housing, which is essential for community well-being and growth.
This information is meant to be a general summary of Community Land Trust Of Palm Beach County And The Treasure Coast 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: -$770,559
- Program Service Revenue: $325,726
- Gross Receipts: $2,251,527
Assets and Liabilities:
- Total Assets: $7,684,960
- Total Liabilities: $8,151,014
- Net Assets: -$466,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$240,718
FEES AND CONTRACTS GOV AGENCY
Revenue
$85,008
Organization Details
Founding Year
2006
Phone
(561) 318-8430Principal Officer
Cindee Lacourse-Blum
Main Address
4938 DAVIS ROAD, LAKE WORTH, FL, 33461
Website
www.cltofpbc.orgNTEE Category
Code: L20 - Housing
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