Overview
What is American Communities Trust?
American Communities Trust is a nonprofit organization dedicated to revitalizing distressed urban communities, specifically Baltimore's Broadway East. They focus on fostering economic opportunities by transforming a neglected 4-acre site with five historic buildings into a small business town center. The initiative, named the Baltimore Pumphouse, aims to eliminate blight, support local businesses, create jobs, boost commerce, and improve community services, including access to healthy food. The project, currently in its final phase, has already completed environmental remediation, infrastructure repairs, and construction of commercial spaces. Key achievements include rehabilitating a historic storehouse and stable buildings, which now house creative enterprises and event spaces. American Communities Trust collaborates with various organizations to develop community investment strategies that create lasting social impact and promote economic growth.
Official website here: www.actimpact.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
American Communities Trust has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's 96% score is derived from a comprehensive evaluation of its financial practices, underscoring a commitment to transparency and effective management of resources.
The organization demonstrates exemplary governance, with 100% of its board members being independent, ensuring the integrity of its decision-making processes. Its financial oversight is evidenced by a robust audit committee and thorough policies regarding conflicts of interest, whistleblower protections, and document retention. With a program expense ratio of 74.14%, the charity allocates a significant portion of its funding directly to its programs.
Despite the commendable performance, it's important for potential donors to consider ongoing operational needs and the charity's long-term sustainability. Overall, American Communities Trust appears to be a reliable nonprofit with a solid financial foundation and a strong commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is American Communities Trust legitimate?
American Communities Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Communities 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: $255,623
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Official website here: www.actimpact.org
What is the mission statement of American Communities Trust?
American Communities Trust aims to improve inner city neighborhoods by increasing economic opportunities. They achieve this mission by partnering with both non-profit and for-profit organizations to develop community investment strategies. These strategies have a lasting social impact and create economic opportunities, primarily benefiting low-income residents. One of their initiatives is the Baltimore Pumphouse, a small business town center in a distressed community. The goal of this project is to eliminate blight, support local business ownership, create jobs, boost commerce, reduce social service usage, increase access to healthy food, and restore historical landmarks. The project is currently in its final phase of completion, with previous work including environmental remediation, infrastructure repair, and the renovation of several buildings for creative use.
Official website here: www.actimpact.org
Who is the CEO of American Communities Trust?
China Boak Terrell is the Vice President of American Communities Trust. The CEO's salary of American Communities Trust is $127,000 and their total compensation is $127,000.
Official website here: www.actimpact.org
What is the revenue of American Communities Trust?
American Communities Trust's revenue in 2022 was $1,678,107.
Official website here: www.actimpact.org
Who are the executives of American Communities Trust and what are their salaries?
The average compensation at American Communities Trust during 2022 was $51,125. There are 5 employees at American Communities Trust.
Here are 6 key members and their salaries (American Communities Trust's CEO's salary is $127,000 and their total compensation is $127,000):
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- Compensation: $127,000
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Official website here: www.actimpact.org
Where can I find the form 990 for American Communities Trust?
American Communities Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.actimpact.org
Learn more at the official website: www.actimpact.org
Mission Statement of American Communities Trust
American Communities Trust, a non-profit community development partner, aims to enhance inner city neighborhoods by increasing economic opportunities. Their mission is to collaborate with both nonprofit and for-profit organizations to develop strategic community investment plans. These strategies aim to create lasting social impact and generate economic prosperity, particularly for low-income residents.
In pursuit of this goal, American Communities Trust embarked on the Baltimore Pumphouse project. Located in a distressed community, the Baltimore Pumphouse spans 4.1 acres and five historic buildings. The project's main objective is to eliminate blight, support local businesses, create jobs, enhance commercial opportunities, reduce pressure on social services, and provide easy access to healthy food. Restoring these historical treasures is also a key priority. The project is currently in its final phase of completion.
To date, significant progress has been made. Environmental remediation, site work, and infrastructure repair were completed in 2017, followed by the construction of new commercial production and teaching kitchens. In 2019, the historic storehouse was rehabilitated, now serving as a creative hub for photography studios, motion studios, and fashion ateliers. The latest phase, completed in 2022, saw the rehabilitation of the historic stables and the construction of a connector between two buildings, transforming them into a single venue suitable for weddings and small conferences. These efforts demonstrate American Communities Trust's commitment to revitalizing communities and creating lasting economic opportunities.
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Impact
October, 2024
American Communities Trust has made significant strides in revitalizing inner-city neighborhoods by enhancing economic opportunities. The Baltimore Pumphouse initiative, a $27 million multi-phased project, serves as a prime example of this impact. Situated in the heart of Baltimore’s Broadway East community, which has faced severe economic distress, the Pumphouse project spans 4.1 acres and includes the rehabilitation of five historic buildings.
Key objectives of the initiative include eliminating blight, supporting minority and locally owned small businesses, creating local jobs, and increasing access to commerce. The project also aims to improve the circulation of money within the community, alleviate reliance on social services, and provide better access to healthy food options while restoring historical landmarks.
To date, significant progress has been made, with construction on various phases completed between 2017 and 2022. This includes the establishment of commercial production kitchens, a photography and motion studio, fashion ateliers, and facilities to host events such as weddings and small conferences in rehabilitated historic stables. The transformative work undertaken has not only revitalized a neglected area but also fostered a sense of community and provided vital resources for local residents, illustrating a committed approach to creating inclusive economic development.
This information is meant to be a general summary of American Communities 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: $49
- Program Service Revenue: $3,893
- Gross Receipts: $1,678,107
Assets and Liabilities:
- Total Assets: $9,045,085
- Total Liabilities: $2,764,151
- Net Assets: $6,280,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAM CHARGES
Revenue
$3,893
Organization Details
Founding Year
2008
Phone
(410) 989-1607Principal Officer
China Boak Terrell
Main Address
PO BOX 50160, BALTIMORE, MD, 21211
Website
www.actimpact.orgNTEE Category
Code: T12 - Philanthropy
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