Overview
What is Housing Land Trust Of Sonoma County?
Housing Land Trust of Sonoma County is a nonprofit organization located in Petaluma, California. Their primary objective is to alleviate the pressure on government resources by facilitating the development of affordable housing in Sonoma County. They collaborate with government agencies and private groups to promote awareness about affordable housing programs and offer administrative and management services for existing and new projects. The organization's mission is grounded in the belief that every working family deserves a home of their own and that communities thrive when they have a diverse range of homeowners. With a mission to increase home ownership opportunities for low- and moderate-income families, they employ a land trust model to ensure permanent housing affordability. The nonprofit currently employs a team of three individuals.
Official website here: www.housinglandtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Housing Land Trust of Sonoma County has received a solid Three-Star rating from Charity Navigator, primarily based on its accountability and finance practices. The organization boasts a high percentage of independent board members and demonstrates strong governance policies, reflecting a commitment to transparency and ethical management. This indicates a stable foundation for conducting its charitable work.
One of the organization's strengths lies in its financial ratios, which show minimal liabilities and a significant amount of working capital, suggesting that it is well-positioned to sustain its operations over the long term. Additionally, the absence of material asset diversions and loans to officers further enhances its credibility and trustworthiness in managing resources effectively.
However, the nonprofit has some limitations, particularly regarding its program expense ratio, which at 71.70% indicates that a portion of funds may not be directed to program services as efficiently. Additionally, the fundraising efficiency ratio of $0.00 suggests that the organization may not have generated revenue from fundraising efforts, which could raise questions about its sustainability. Overall, while the organization shows strong governance and financial health, there is room for improvement in resource allocation toward its core programs.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Land Trust Of Sonoma County legitimate?
Housing Land Trust Of Sonoma County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Land Trust Of Sonoma County 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: $161,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,966
For more financial information, click here
Official website here: www.housinglandtrust.org
What is the mission statement of Housing Land Trust Of Sonoma County?
The Housing Land Trust of Sonoma County's mission is focused on enhancing home ownership chances for low- and moderate-income families. This is achieved by ensuring permanent housing affordability through the implementation of a land trust model. Their belief is that (1) every working family has the right to own a home, and (2) communities benefit from a diverse socio-economic range of homeowners, making them stronger and more vibrant.
Official website here: www.housinglandtrust.org
Who is the CEO of Housing Land Trust Of Sonoma County?
Devika Goetschius is the Executive Direc of Housing Land Trust Of Sonoma County.
Official website here: www.housinglandtrust.org
What is the revenue of Housing Land Trust Of Sonoma County?
Housing Land Trust Of Sonoma County's revenue in 2022 was $5,624,297.
Official website here: www.housinglandtrust.org
Who are the executives of Housing Land Trust Of Sonoma County and what are their salaries?
The average compensation at Housing Land Trust Of Sonoma County during 2022 was $77,705. There are 3 employees at Housing Land Trust Of Sonoma County.
Here are 6 key members and their salaries:
- Compensation: $161,150
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.housinglandtrust.org
Where can I find the form 990 for Housing Land Trust Of Sonoma County?
Housing Land Trust Of Sonoma County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housinglandtrust.org
Learn more at the official website: www.housinglandtrust.org
Mission Statement of Housing Land Trust Of Sonoma County
The Housing Land Trust of Sonoma County is dedicated to expanding home ownership chances for low- and moderate-income families. Their mission is rooted in the belief that every working family deserves a place they can call their own. By using a land trust model, they aim to ensure permanent housing affordability, fostering communities that boast a diverse socio-economic range of homeowners. These communities are considered stronger and more vibrant when they have a broad spectrum of homeowners.
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Impact
October, 2024
The Housing Land Trust of Sonoma County significantly enhances homeownership opportunities for low- and moderate-income families in the region, tackling the crucial issue of housing affordability. By utilizing a land trust model, the organization ensures that homes remain affordable for future generations, creating a sustainable solution to the housing crisis.
Through collaborative partnerships with government agencies and private organizations, the trust plays a vital role in developing affordable housing and educating the community about available options and benefits. This effort not only alleviates government burdens but also promotes a diverse socio-economic landscape within the community, fostering stronger and more vibrant neighborhoods.
By focusing on increasing homeownership among working families, the Housing Land Trust of Sonoma County reinforces the belief that everyone deserves a stable, lasting home. Its impact reaches far beyond individual families, contributing to a healthier overall community by creating inclusive environments where a variety of voices and experiences can thrive.
This information is meant to be a general summary of Housing Land Trust Of Sonoma County. 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: $275
- Program Service Revenue: $363,326
- Gross Receipts: $5,624,297
Assets and Liabilities:
- Total Assets: $23,629,609
- Total Liabilities: $7,516
- Net Assets: $23,622,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASE FEES
Revenue
$100,844
MAINTENANCE FEE
Revenue
$4,446
MONITORING FEE
Revenue
$23,275
PROGRAM ADMIN FEE
Revenue
$190,338
PROJECT FEES
Revenue
$44,423
Organization Details
Founding Year
2002
Phone
(707) 766-8875Principal Officer
Devika Goetschius
Main Address
PO Box 5431, Petaluma, CA, 94955
Website
www.housinglandtrust.orgNTEE Category
Code: L80 - Housing
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