Overview
What is Lehigh Valley Community Land Trust?
Lehigh Valley Community Land Trust (LVCLT) is a nonprofit organization based in Bethlehem, Pennsylvania, with a mission to create and preserve affordable homes for working families. They acquire homes and their properties through various channels, renovate them in an energy-efficient manner, and sell them to income-qualified applicants. The land is held permanently by the organization to ensure perpetual affordability, setting LVCLT apart from many other home providers. LVCLT is committed to promoting long-term self-sufficiency and success among homeowners, providing support before and after home purchases. LVCLT has revised its formula for reselling land trust homes, allowing homeowners to build greater equity at resale. This is a significant revision of their land trust program, which was first introduced in 2010. LVCLT has also developed and implemented a new model of homeownership, preserving both permanent affordability and owner-occupancy through deed restrictions, rather than a ground lease. As a separately incorporated subsidiary of CACLV, LVCLT is dedicated to providing affordable housing solutions in the Lehigh Valley community.
Official website here: www.communityactionlv.org/homes
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Lehigh Valley Community Land Trust has achieved a commendable 93% rating, indicative of strong financial health and transparency. The organization is recognized for its high accountability and finance standards, with a perfect score in key areas such as independent board membership, asset management, and policy implementation. This strong rating reflects the trustworthiness of the organization in its financial practices.
The charity's board is entirely independent, ensuring unbiased governance, and it has established robust policies, including conflict of interest and whistleblower protections. Additionally, the organization maintains transparency by documenting board meeting minutes and making essential tax documents available on its website. The low liabilities to assets ratio of 0.04% further emphasizes its financial stability.
One of the notable strengths of Lehigh Valley Community Land Trust is its program expense ratio of 93.88%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This efficiency underscores its commitment to maximizing the impact of its services within the community. Overall, the nonprofit demonstrates strong organizational health and accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lehigh Valley Community Land Trust?
98% of 23 reviewers on Facebook recommend the Lehigh Valley Community Land Trust. Here is a summary of their reviews: Many individuals have expressed their appreciation for the support provided by the organization, particularly highlighting its effectiveness as a resource for families and those in need.
Customers emphasize the nonprofit's commitment to helping the community, noting that it is a recommended option for those seeking assistance. People feel confident in referring others to the Land Trust, showcasing its positive reputation in the local area.
Overall, it is evident that the Lehigh Valley Community Land Trust delivers valuable services, garnering a solid sense of trust and satisfaction from those who have engaged with its programs.
This AI summary has been generated from reviews found on Facebook.
Is Lehigh Valley Community Land Trust legitimate?
Lehigh Valley Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lehigh Valley 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:
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For more financial information, click here
Official website here: www.communityactionlv.org/homes
What is the mission statement of Lehigh Valley Community Land Trust?
The Lehigh Valley Community Land Trust's mission is centered around creating and preserving affordable homes for working families. The organization achieves this by acquiring houses and their properties through various channels, renovating them in an energy-efficient manner, and selling them to income-qualified applicants in its program. To ensure perpetual affordability, the land is held permanently by the organization. The Lehigh Valley Community Land Trust is committed to promoting long-term self-sufficiency and success with homeowners, providing support before and after the purchase of a home. They have revised the formula governing the resale of land trust homes, allowing homeowners increased equity at resale, providing them with greater access to the wealth-building potential of homeownership. This marks the first major revision of the land trust program since its 2010 incorporation.
Official website here: www.communityactionlv.org/homes
Who is the CEO of Lehigh Valley Community Land Trust?
Mark Hartney is the Vp- Acting P of Lehigh Valley Community Land Trust.
Official website here: www.communityactionlv.org/homes
What is the revenue of Lehigh Valley Community Land Trust?
Lehigh Valley Community Land Trust's revenue in 2021 was $24,928.
Official website here: www.communityactionlv.org/homes
Who are the executives of Lehigh Valley Community Land Trust and what are their salaries?
There 4 volunteers at Lehigh Valley Community Land Trust.
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Official website here: www.communityactionlv.org/homes
Where can I find the form 990 for Lehigh Valley Community Land Trust?
Lehigh Valley Community Land Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.communityactionlv.org/homes
Learn more at the official website: www.communityactionlv.org/homes
Mission Statement of Lehigh Valley Community Land Trust
Lehigh Valley Community Land Trust, a separately-incorporated subsidiary of CACLV, is dedicated to creating and preserving affordable homes for working families. The organization accomplishes this mission by acquiring homes and their respective properties through various channels, renovating them in an energy-efficient manner, and selling them to income-qualified applicants within its program. Crucially, the land associated with these homes is held permanently by the organization to ensure the homes' affordability in the long term.
Unlike many other home providers, Lehigh Valley Community Land Trust focuses on promoting long-term self-sufficiency and success among its homeowners. This commitment extends beyond the sale of homes, with homeowner support provided both before and after the purchase. The organization has developed and implemented a new model of homeownership, where permanent affordability and owner-occupancy are preserved by deed restrictions rather than a ground lease. This innovative approach allows land trust homeowners to own both the home and the land, providing them with greater stability and security.
Furthermore, Lehigh Valley Community Land Trust has revised the formula governing the resale of land trust homes to allow homeowners increased equity at resale, providing them with greater access to the wealth-building potential of homeownership. These changes represent the first major revision of the land trust program since its 2010 incorporation. By focusing on creating and preserving affordable homes, Lehigh Valley Community Land Trust empowers working families to build a stable and secure future for themselves.
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Impact
August, 2024
Lehigh Valley Community Land Trust's impact is significant in creating and preserving affordable homes for working families in the Bethlehem, PA area. The organization acquires homes and properties through various channels, renovates them in an energy-efficient manner, and sells them to income-qualified applicants. By holding the land permanently, LVCLT ensures perpetual affordability and promotes long-term self-sufficiency and success for homeowners. Through innovative models of homeownership and deed restrictions, LVCLT allows homeowners to own both the home and land, providing them with increased equity at resale. These initiatives reflect the organization's commitment to facilitating wealth-building potential through homeownership while maintaining affordability for the community.
This information is meant to be a general summary of Lehigh Valley 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 2021.
- Gross Receipts: $272,380
Assets and Liabilities:
- Total Assets: $516,909
- Total Liabilities: $209
- Net Assets: $516,700
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Organization Details
Founding Year
2009
Phone
(610) 691-5620Principal Officer
Mark Hartney
Main Address
1337 EAST FIFTH STREET, BETHLEHEM, PA, 18015
NTEE Category
Code: L25 - Housing
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