Overview
What is Cape Fear Community Land Trust Inc?
Cape Fear Community Land Trust Inc is a nonprofit organization based in Wilmington, North Carolina. Their primary mission is to foster economically diverse communities in the Cape Fear region by providing affordable housing and business opportunities through the Community Land Trust (CLT) model. This model involves leasing the land under individual properties to qualifying low- and moderate-income families, effectively removing the land cost from the sales price equation. By doing so, they aim to ensure affordability for future generations. The Land Trust also seeks to develop community amenities, promoting holistic, vibrant, and economically diverse communities where all citizens can choose their living, working, and recreational spaces without financial constraints.
Official website here: www.foreverplaces.org
Is Cape Fear Community Land Trust Inc legitimate?
Cape Fear Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Fear Community 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: $39,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,106
For more financial information, click here
Official website here: www.foreverplaces.org
What is the mission statement of Cape Fear Community Land Trust Inc?
The Cape Fear Community Land Trust, abbreviated as CFCLT, is committed to fostering vibrant and economically diverse communities by creating opportunities for affordable housing for working families. Their vision encompasses a region where individuals have the freedom to choose where they live, work, and play, without any barriers to quality housing. To achieve this, the CFCLT utilizes the Community Land Trust (CLT) model. They build and renovate homes and businesses on a 99-year lease, keeping the land's ownership while transferring the property to qualified low- to moderate-income families. By doing so, they aim to permanently lock in affordability, ensuring that future generations can also benefit from these housing opportunities.
Official website here: www.foreverplaces.org
Who is the CEO of Cape Fear Community Land Trust Inc?
Roger Gins is the President of Cape Fear Community Land Trust Inc.
Official website here: www.foreverplaces.org
What is the revenue of Cape Fear Community Land Trust Inc?
Cape Fear Community Land Trust Inc's revenue in 2023 was $105,762.
Official website here: www.foreverplaces.org
Who are the executives of Cape Fear Community Land Trust Inc and what are their salaries?
The average compensation at Cape Fear Community Land Trust Inc during 2023 was $23,553. There are 2 employees and 9 volunteers at Cape Fear Community Land Trust Inc.
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Official website here: www.foreverplaces.org
Where can I find the form 990 for Cape Fear Community Land Trust Inc?
Cape Fear Community Land Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foreverplaces.org
Learn more at the official website: www.foreverplaces.org
Mission Statement of Cape Fear Community Land Trust Inc
Cape Fear Community Land Trust, a nonprofit organization, is committed to fostering vibrant, economically diverse communities by providing housing opportunities for working families. Their vision is to establish a region where all citizens have the freedom to choose their living, working, and playing spaces, devoid of any barriers to affordable housing. The organization achieves this by employing the Community Land Trust (CLT) model. Through land stewardship, they offer permanently affordable homes and businesses to qualified low- and moderate-income families. By retaining ownership of the land beneath these properties, they intentionally limit property appreciation, ensuring affordability for future generations. By removing the land cost from the sales price equation, Cape Fear Community Land Trust aims to create a lasting impact on affordability in the community.
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Impact
October, 2024
Cape Fear Community Land Trust Inc plays a crucial role in fostering vibrant and economically diverse communities in the Cape Fear region. By creating affordable housing opportunities for working families, it addresses the critical need for quality living spaces without the heavy burden of land costs. Through the Community Land Trust (CLT) model, properties are offered to low- and moderate-income families under a 99-year, renewable, inheritable ground lease. This unique approach ensures that while families can own their homes, the land itself remains held in trust, thus stabilizing affordability for future generations.
The impact of the Cape Fear Community Land Trust is multifaceted. It not only alleviates housing insecurity but also enhances community vitality by retaining the character and diversity of neighborhoods. By providing business opportunities and community amenities, the organization creates an environment where families can thrive economically and socially. This proactive stance toward land stewardship reduces barriers to housing access, empowering citizens with the freedom to choose their living, working, and recreational spaces. Ultimately, Cape Fear Community Land Trust Inc is instrumental in shaping a region where everyone has a stake in their community's future.
This information is meant to be a general summary of Cape Fear Community 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: $761
- Program Service Revenue: $25,113
- Gross Receipts: $105,762
Assets and Liabilities:
- Total Assets: $412,348
- Total Liabilities: $144,977
- Net Assets: $267,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Rentals
Revenue
$19,263
Land Trust Ground Leas
Revenue
$5,850
Organization Details
Founding Year
2009
Phone
(910) 218-0022Principal Officer
Roger Gins
Main Address
PO Box 1143, Wilmington, NC, 28402
Website
www.foreverplaces.orgNTEE Category
Code: L20 - Housing
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