Overview
What is Bay Area Community Land Trust?
Bay Area Community Land Trust, situated in Berkeley, California, is a dedicated nonprofit organization with a mission to support and foster low-income, affordable cooperative housing. Over the past year, they have engaged in various activities, including renovating two buildings, acquiring one property, and preparing for renovation and purchase of additional properties in Berkeley and Oakland. Their efforts are geared towards providing affordable housing solutions. Furthermore, they conduct educational workshops for low-income housing cooperatives and facilitate co-op elections for additional housing cooperatives. The organization also actively participates in policy work, advocating for community land trusts and housing cooperatives. With a team of five employees, Bay Area Community Land Trust is committed to making a positive impact in its community.
Official website here: www.bayareaclt.org
What do the Facebook reviews say about Bay Area Community Land Trust?
Four reviews for the Bay Area Community Land Trust indicate a positive outlook on their mission and services. The nonprofit is praised for its commitment to providing permanently affordable housing solutions, which resonates well with those in need, including workers, families, students, and low to middle-income individuals.
The feedback highlights the belief that the organization delivers valuable community support and fosters resident-owned cooperative housing, distinguishing it as a meaningful resource. Reviewers appreciate the diversity and inclusivity emphasized in their initiatives, suggesting a genuine dedication to serving varied backgrounds within the community.
While there is currently no formal rating due to the limited number of reviews, the overall sentiment is encouraging, illustrating a strong local endorsement for the important work being done by the Bay Area Community Land Trust in promoting affordable housing.
This AI summary has been generated from reviews found on Facebook.
Is Bay Area Community Land Trust legitimate?
Bay Area Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,188
For more financial information, click here
Official website here: www.bayareaclt.org
What is the mission statement of Bay Area Community Land Trust?
The Bay Area Community Land Trust's mission is centered around supporting and developing low-income, affordable cooperative housing. They actively engage in renovating existing properties, acquiring new ones, and preparing for future acquisitions. The organization also conducts educational workshops for low-income housing cooperatives and oversees cooperative elections. Moreover, Bay Area Community Land Trust is involved in policy work, aiming to educate the community about community land trusts and housing cooperatives.
Official website here: www.bayareaclt.org
What is the revenue of Bay Area Community Land Trust?
Bay Area Community Land Trust's revenue in 2023 was $636,417.
Official website here: www.bayareaclt.org
Who are the executives of Bay Area Community Land Trust and what are their salaries?
The average compensation at Bay Area Community Land Trust during 2023 was $50,797. There are 4 employees and 6 volunteers at Bay Area Community Land Trust.
Here are 12 key members and their salaries:
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Official website here: www.bayareaclt.org
Where can I find the form 990 for Bay Area Community Land Trust?
Bay Area Community Land Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bayareaclt.org
Learn more at the official website: www.bayareaclt.org
Mission Statement of Bay Area Community Land Trust
Bay Area Community Land Trust, or BACLT, is committed to supporting and developing low-income, affordable cooperative housing. This mission is carried out through various activities. The organization has renovated two buildings and acquired one property, with plans to renovate and purchase additional properties in Berkeley and Oakland. Beyond physical property expansion, BACLT conducts workshops to train low-income housing cooperatives and oversees co-op elections for additional housing cooperatives. Furthermore, BACLT actively participates in policy work to educate about community land trusts and housing cooperatives, advocating for the development of affordable housing solutions.
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Impact
October, 2024
The Bay Area Community Land Trust (BACLT) has made a significant impact on low-income affordable housing in the region. By renovating two buildings and acquiring one property, BACLT is actively expanding its portfolio to include additional properties in Berkeley and Oakland. This strategic approach not only increases the availability of affordable housing but also enhances community stability for low-income residents.
In addition to its acquisition and renovation efforts, BACLT prioritizes education and empowerment through workshops focused on low-income housing cooperatives and cooperative elections. These initiatives foster community engagement and provide residents with the tools they need to advocate for and manage their own housing cooperatives.
Furthermore, BACLT's active participation in policy work raises awareness about community land trusts and the importance of housing cooperatives as sustainable, long-term solutions to housing insecurity. Through these efforts, BACLT is not just addressing immediate housing needs; it is also advocating for systemic change in the housing landscape, contributing to a more equitable and sustainable future for low-income residents in the Bay Area.
This information is meant to be a general summary of Bay Area 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: $294
- Program Service Revenue: $241,434
- Gross Receipts: $960,804
Assets and Liabilities:
- Total Assets: $15,948,538
- Total Liabilities: $12,760,457
- Net Assets: $3,188,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
In Kind Service
Revenue
$30,767
Government Contracts
Revenue
$205,200
MembershipElection
Revenue
$1,375
Technical AssistTrain
Revenue
$4,092
Organization Details
Founding Year
2006
Principal Officer
Michael Chao
Website
www.bayareaclt.orgNTEE Category
Code: L20 - Housing
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