Overview
What is Juneau Housing Trust Inc?
Juneau Housing Trust Inc is a community land trust established with a mission to promote affordable homeownership in Juneau, Alaska. Acting as a steward, this nonprofit organization sets the resale price of homes within its trust, ensuring affordability for each subsequent homebuyer. Under its resale formula, the homeowner receives the entire paid-off mortgage amount, plus 25% of the home's appreciated value upon resale. This way, the seller secures a portion of the home's appreciation. The trust's primary objective is to provide decent housing opportunities for low and moderate-income individuals, ensuring long-term control and preserving affordability. By developing, rehabilitating, and maintaining decent housing, Juneau Housing Trust Inc strives to improve housing conditions for its community residents.
Official website here: www.juneauhousingtrust.org
Is Juneau Housing Trust Inc legitimate?
Juneau Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Juneau Housing 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:
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Official website here: www.juneauhousingtrust.org
What is the mission statement of Juneau Housing Trust Inc?
The Juneau Housing Trust Inc, serving as a community land trust, strives to provide affordable housing opportunities for individuals with moderate and low income. Their mission is to ensure that residents can secure decent housing on a long-term basis, with control over their living spaces. The organization is also dedicated to preserving the quality and affordability of existing housing and promoting the development, rehabilitation, and maintenance of decent housing for these residents in Juneau.
Official website here: www.juneauhousingtrust.org
Who is the CEO of Juneau Housing Trust Inc?
Tamara Rowcroft is the Board Presid of Juneau Housing Trust Inc.
Official website here: www.juneauhousingtrust.org
What is the revenue of Juneau Housing Trust Inc?
Juneau Housing Trust Inc's revenue in 2022 was $93,454.
Official website here: www.juneauhousingtrust.org
Who are the executives of Juneau Housing Trust Inc and what are their salaries?
There 6 volunteers at Juneau Housing Trust Inc.
Here are 4 key members and their salaries:
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Official website here: www.juneauhousingtrust.org
Where can I find the form 990 for Juneau Housing Trust Inc?
Juneau Housing Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.juneauhousingtrust.org
Learn more at the official website: www.juneauhousingtrust.org
Mission Statement of Juneau Housing Trust Inc
Juneau Housing Trust Inc, as a community land trust, is dedicated to providing opportunities for affordable homeownership. Its mission is threefold. Firstly, it aims to ensure that low and moderate-income individuals can secure housing that is both decent and affordable. This is a crucial aspect of the trust's mission, as affordable housing is often a challenge for many income groups.
Secondly, Juneau Housing Trust Inc is committed to preserving the quality and affordability of existing housing. This is a proactive step to prevent the escalation of housing costs and to maintain the standard of living for its beneficiaries.
Lastly, the trust promotes the development, rehabilitation, and maintenance of decent housing for low-income residents in Juneau. This includes not only building new homes but also improving and maintaining existing ones to ensure they meet the necessary standards. In doing so, Juneau Housing Trust Inc plays a significant role in enhancing the living conditions of its community members.
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Impact
October, 2024
Juneau Housing Trust Inc significantly impacts the community by developing opportunities for affordable homeownership in Juneau. Through its innovative resale formula, the Trust ensures that homes remain affordable for future buyers while allowing sellers to benefit from their investment. When a home is sold, homeowners receive the equity they've paid off on their mortgage plus 25% of the home's appreciated value. This model not only preserves the affordability of housing but also enables low and moderate-income individuals and families to secure decent and affordable housing that residents control on a long-term basis.
By setting the resale prices of homes in the community land trust, Juneau Housing Trust Inc safeguards housing quality and affordability in an area where these can often be at risk. The Trust's focus on the preservation and maintenance of decent housing contributes to a stable and vibrant community, making Juneau a more accessible place for those in need of affordable housing options. In 2022, the successful transactions involving an original house sale and a resale demonstrate the effectiveness of this model in promoting homeownership and community resilience.
This information is meant to be a general summary of Juneau Housing 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 2022.
- Investment Income: $17,334
- Program Service Revenue: $76,120
- Gross Receipts: $411,120
Assets and Liabilities:
- Total Assets: $1,175,951
- Total Liabilities: $220,824
- Net Assets: $955,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY RESALE FEES
Revenue
$54,235
PROPERTY MAINTENANCE FEES
Revenue
$21,885
Organization Details
Founding Year
1999
Phone
(907) 586-1901Principal Officer
Tamara Rowcroft
Main Address
PO BOX 32045, JUNEAU, AK, 99803
Website
www.juneauhousingtrust.orgNTEE Category
Code: L20 - Housing
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