Overview
What is Piedmont Community Land Trust?
Piedmont Community Land Trust is a nonprofit organization, specifically based in Charlottesville, Virginia. Their primary mission is to establish and maintain a long-term supply of affordable housing within the Thomas Jefferson Planning District of Virginia. To accomplish this objective, they actively work in the Charlottesville area, focusing on the creation and preservation of affordable homes. This nonprofit organization plays a crucial role in addressing housing affordability issues within its community.
Official website here: www.piedmontclt.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Piedmont Community Land Trust has earned a solid Three-Star rating with an overall score of 85%, reflecting its commitment to accountability and financial health. A notable highlight is its perfect score for having a fully independent board, which is essential for governance and transparency. Additionally, the organization has demonstrated strong practices in conflict of interest policies, whistleblower protections, and document retention.
Financially, the trust shows a robust program expense ratio of 93.07%, indicating that a significant majority of its resources directly support its programs. The low liabilities to assets ratio of 22.99% further reinforces its financial stability. These metrics underscore the efficacy of its operations and its dedication to maximizing impact within the community.
While the charity's overall financial management appears commendable, the Three-Star rating suggests there may still be areas for improvement that could elevate its overall effectiveness and impact. However, the strengths in governance and program expenditure highlight a strong foundation for ongoing community support and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Piedmont Community Land Trust legitimate?
Piedmont Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piedmont 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.
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Official website here: www.piedmontclt.org/
What is the mission statement of Piedmont Community Land Trust?
The Piedmont Community Land Trust, in its mission, strives to establish and maintain a perpetual supply of affordable housing within a specific area. This mission is geared towards enhancing living conditions for individuals in need, contributing to a more equitable housing market. By creating and preserving affordable housing units, the organization aims to address the pressing issue of affordability, thereby improving the overall quality of life for many. The focus of their activities is deeply rooted in the belief that everyone deserves a decent place to call home.
Official website here: www.piedmontclt.org/
Who is the CEO of Piedmont Community Land Trust?
Keith Smith is the Chairman of Piedmont Community Land Trust.
Official website here: www.piedmontclt.org/
What is the revenue of Piedmont Community Land Trust?
Piedmont Community Land Trust's revenue in 2023 was $595,689.
Official website here: www.piedmontclt.org/
Who are the executives of Piedmont Community Land Trust and what are their salaries?
There 10 volunteers at Piedmont Community Land Trust.
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Official website here: www.piedmontclt.org/
Where can I find the form 990 for Piedmont Community Land Trust?
Piedmont Community Land Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.piedmontclt.org/
Learn more at the official website: www.piedmontclt.org/
Mission Statement of Piedmont Community Land Trust
Piedmont Community Land Trust, a nonprofit organization, is committed to creating and preserving a lasting supply of affordable homes within the Charlottesville, Virginia area. Their mission is geared towards ensuring the perpetuation of affordable housing within the Thomas Jefferson Planning District of Virginia. By undertaking this mission, Piedmont Community Land Trust seeks to contribute to the overall community by making housing more accessible for a wide range of individuals, thereby promoting social equality and stability.
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Impact
July, 2024
Piedmont Community Land Trust plays a crucial role in creating and preserving a permanent supply of affordable homes in the Charlottesville, Virginia area. Through its mission to ensure affordable housing in the Thomas Jefferson Planning District of Virginia, the organization has a direct impact on addressing housing affordability issues in the region. By focusing on the perpetuation of affordable housing, Piedmont Community Land Trust contributes to the stability and accessibility of housing options for residents in Charlottesville and surrounding areas.
This information is meant to be a general summary of Piedmont 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: $86
- Gross Receipts: $595,689
Assets and Liabilities:
- Total Assets: $1,541,976
- Total Liabilities: $354,592
- Net Assets: $1,187,384
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Organization Details
Founding Year
2008
Phone
(434) 242-3306Principal Officer
Keith Smith
Main Address
806 EAST HIGH STREET, CHARLOTTESVILLE, VA, 22902
Website
www.piedmontclt.org/NTEE Category
Code: L20 - Housing
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