Overview
What is Southern Arizona Land Trust Inc?
Southern Arizona Land Trust Inc, based in Tucson, Arizona, is a nonprofit organization committed to revitalizing and investing in local communities, particularly those affected by the economic downturn. They receive grant funding from the Neighborhood Stabilization Program 2 (NSP2) and the Industrial Development Authority of Pima County. Their mission involves promoting community interests in Pima County and Southern Arizona by developing quality affordable housing. As of now, their rental portfolio includes 128 single-family homes, with 20% serving families at or below 50% of the median income. This initiative has resulted in the provision of stable, affordable housing for an average of five years. The nonprofit employs a team of seven individuals to carry out these initiatives.
Is Southern Arizona Land Trust Inc legitimate?
Southern Arizona Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Arizona 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: $285,697
Professional Fundraising Fees: $0
Other Salaries and Wages: $248,154
For more financial information, click here
What is the mission statement of Southern Arizona Land Trust Inc?
Southern Arizona Land Trust Inc's mission is centered around promoting community interests in certain areas, specifically Pima County and Southern Arizona. They achieve this by investing in and revitalizing neighborhoods, primarily through the development of affordable housing. By doing so, they aim to improve living conditions in areas that were significantly impacted during the Great Recession. The Trust has successfully revitalized numerous neighborhoods, with a total rental portfolio that includes 128 single-family homes, 20% of which cater to families with income levels at or below 50% of the median income. This initiative has resulted in the establishment of stable, affordable housing, with an average length of occupancy of approximately five years.
What is the revenue of Southern Arizona Land Trust Inc?
Southern Arizona Land Trust Inc's revenue in 2023 was $2,569,672.
Who are the executives of Southern Arizona Land Trust Inc and what are their salaries?
The average compensation at Southern Arizona Land Trust Inc during 2023 was $76,264. There are 7 employees at Southern Arizona Land Trust Inc.
Here are 5 key members and their salaries:
- Compensation: $154,790
- Related: $0
- Other: $23,022
- Compensation: $93,035
- Related: $0
- Other: $14,850
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southern Arizona Land Trust Inc?
Southern Arizona Land Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southern Arizona Land Trust Inc
Southern Arizona Land Trust Inc, with a mission at its core, aims to foster community interests in Pima County and Southern Arizona. This nonprofit organization achieves this goal by investing in and revitalizing neighborhoods through the development of quality, affordable housing. By doing so, Southern Arizona Land Trust Inc seeks to improve living conditions in areas that were significantly affected during the Great Recession.
The nonprofit has made substantial strides in achieving this mission, having received grant funding from the Neighborhood Stabilization Program 2 (NSP2) and supporting the activities of the Industrial Development Authority of Pima County. As a result, the organization has developed a rental portfolio consisting of 128 single-family homes. Notably, 20% of these homes cater to families who fall below 50% of the median income (AMI). This initiative by Southern Arizona Land Trust Inc has been instrumental in providing stable, affordable housing for these families, with an average length of occupancy of approximately five years.
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Impact
October, 2024
Southern Arizona Land Trust Inc significantly impacts communities in Pima County and Southern Arizona by focusing on the development and revitalization of neighborhoods through quality affordable housing. By investing in areas of Tucson that were severely affected by the Great Recession, they not only address housing needs but also contribute to overall community stability.
Their accomplishments include a diverse rental portfolio featuring 128 single-family homes, with 20% designated for families earning at or below 50% of the median income. This commitment to affordable housing results in approximately five years of average occupancy per household, reflecting their success in fostering long-term stability for residents. By securing grant funding from the Neighborhood Stabilization Program 2 (NSP2) and supporting the efforts of the Industrial Development Authority of Pima County, Southern Arizona Land Trust actively promotes community improvement and economic resilience in the region.
This information is meant to be a general summary of Southern Arizona 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 2023.
- Investment Income: $14,998
- Program Service Revenue: $1,724,289
- Gross Receipts: $3,539,259
Assets and Liabilities:
- Total Assets: $19,963,207
- Total Liabilities: $5,630,802
- Net Assets: $14,332,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,724,289
Organization Details
Founding Year
2008
Principal Officer
Gregg T Sasse
NTEE Category
Code: S32 - Community improvement
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