Overview
What is Beverly-Vermont Community Land Trust?
Beverly-Vermont Community Land Trust (BVCLT) is a community-focused nonprofit organization situated in Los Angeles, California. Its mission is to empower low-to-moderate income residents by offering them long-term, affordable, and resident-controlled housing opportunities. BVCLT is also dedicated to preserving the environment and community well-being by utilizing land and natural resources effectively. In pursuit of these goals, BVCLT collaborates with other organizations, such as the California Center for Cooperative Development, to support community-owned housing projects. Currently, BVCLT has 2 employees. Additionally, BVCLT conducts research and advocacy, analyzing data to understand the state of local communities, and has launched an ownership fellowship program to engage local residents in cooperative development initiatives. In 2023, they plan to release a report summarizing their findings to the community.
Official website here: www.bvclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three Stars
The Beverly-Vermont Community Land Trust has achieved a solid rating of 88%, earning a Three-Star out of Four Stars designation based on its accountability and finance practices. This score is a strong indicator of the organization's commitment to transparency and sound financial management. The trust has an independent board consisting of 81% independent members, demonstrating a commitment to governance that prioritizes independent oversight.
The organization showcases effective financial practices, with a program expense ratio of 85.22%, indicating that a significant portion of its funds directly supports its mission. Additionally, the trust has no material diversion of assets, which reflects responsible stewardship of donor contributions. It has also implemented essential policies like a conflict of interest policy and provides access to board meeting minutes.
However, it is noteworthy that the Beverly-Vermont Community Land Trust is lacking a whistleblower policy and a document retention and destruction policy, which could be areas for improvement. While these omissions do not significantly impact the overall score, addressing them could enhance the organization's accountability framework and reinforce trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Beverly-Vermont Community Land Trust legitimate?
Beverly-Vermont Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beverly-Vermont 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: $160,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bvclt.org
What is the mission statement of Beverly-Vermont Community Land Trust?
The Beverly Community Land Trust is a community-oriented organization with a mission to offer housing opportunities for individuals with low to moderate income. This housing is intended to be decent, affordable, and controlled by the residents on a long-term basis. Beyond housing, the land trust is equally committed to utilizing land and natural resources to enhance the community's long-term well-being and the environment. Their long-term objective is to preserve and expand affordable, resident-controlled housing opportunities for low to moderate income individuals, promote environmental restoration, encourage pedestrian-oriented transportation, provide recreational green space, and support sustainable small businesses.
Official website here: www.bvclt.org
Who is the CEO of Beverly-Vermont Community Land Trust?
Faizah Barlas is the President of Beverly-Vermont Community Land Trust.
Official website here: www.bvclt.org
What is the revenue of Beverly-Vermont Community Land Trust?
Beverly-Vermont Community Land Trust's revenue in 2022 was $750,314.
Official website here: www.bvclt.org
Who are the executives of Beverly-Vermont Community Land Trust and what are their salaries?
The average compensation at Beverly-Vermont Community Land Trust during 2022 was $80,038. There are 2 employees and 9 volunteers at Beverly-Vermont Community Land Trust.
Here are 11 key members and their salaries:
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- Compensation: $64,876
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- Other: $10,500
- Compensation: $64,877
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- Other: $10,500
Official website here: www.bvclt.org
Where can I find the form 990 for Beverly-Vermont Community Land Trust?
Beverly-Vermont Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bvclt.org
Learn more at the official website: www.bvclt.org
Mission Statement of Beverly-Vermont Community Land Trust
Beverly-Vermont Community Land Trust is a community-focused organization with a mission to offer opportunities for low-to-moderate income residents to secure decent and affordable housing that they can control on a long-term basis. This mission is equally important for the organization in promoting the long-term well-being of the community and the environment. The organization's long-term goal is to ensure the continuation and expansion of long-term, affordable, resident-controlled housing opportunities for low-to-moderate income residents. Additionally, Beverly-Vermont Community Land Trust is dedicated to environmental restoration, promoting pedestrian-oriented transportation, creating recreational green spaces, and fostering sustainable small businesses. The organization's commitment to these various aspects is aimed at bettering the community and ensuring a sustainable future for its residents.
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Impact
October, 2024
The Beverly-Vermont Community Land Trust (BVCLT) significantly impacts the community by providing low-to-moderate income residents with secure, affordable housing options that are controlled by the residents themselves. This approach fosters stability and empowerment, enabling residents to build equity and foster a sense of community ownership. BVCLT actively promotes environmental stewardship and sustainability, ensuring that land and natural resources are utilized in ways that enhance the well-being of both residents and the local environment.
Through a range of initiatives, BVCLT has made strides in public advocacy, coalition-building, and community engagement. Collaborating with over 200 organizations, BVCLT played a critical role in successfully passing the United to House LA (ULA) ballot measure, which aims to address the housing crisis in Los Angeles. Additionally, BVCLT has partnered with the California Center for Cooperative Development to assist in transitioning rental properties into cooperatively owned buildings, further empowering residents.
The launch of the community ownership fellowship program exemplifies BVCLT's commitment to engaging local residents directly in cooperative development and public advocacy. By bringing community members into the fold, BVCLT nurtures grassroots leadership and encourages active participation in shaping housing solutions.
Moreover, BVCLT has undertaken research initiatives that provide valuable insights about local housing conditions. A year-long capstone project led by a UCLA master's student examined displacement trends, rental increases, and opportunities for communal ownership in Koreatown, equipping the community with essential data to advocate for fair housing practices and policies.
Overall, BVCLT’s multifaceted approach to community development not only addresses immediate housing needs but also lays the groundwork for a more equitable and sustainable future for its residents.
This information is meant to be a general summary of Beverly-Vermont 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 2022.
- Investment Income: $3
- Program Service Revenue: $1,550
- Gross Receipts: $750,764
Assets and Liabilities:
- Total Assets: $5,190,811
- Total Liabilities: $507,937
- Net Assets: $4,682,874
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATION FEES
Revenue
$1,550
Organization Details
Founding Year
2008
Phone
(213) 537-7295Principal Officer
Faizah Barlas
Main Address
117 BIMINI PLACE, LOS ANGELES, CA, 90004
Website
www.bvclt.orgNTEE Category
Code: L99 - Housing
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