Overview
What is Two Rivers Community Land Trust?
Two Rivers Community Land Trust is a nonprofit organization situated in Woodbury, Minnesota. Their primary mission is to provide affordable housing solutions for low and moderate-income individuals, families, and households, earning up to 80% of the median income within Washington County in Minnesota. The organization offers a range of services, including buyer outreach, referral to community housing resources, training for potential homebuyers, facilitating the homebuying process, and post-purchase support for homeowners. In addition to these services, they also engage in housing development, creating opportunities for new construction and acquisition, rehabilitation, and negotiation of projects with partners. Financial management of housing development projects, partnering with cities and counties, and raising both private and government funds are also crucial aspects of their work. They maintain a workforce of three individuals.
Official website here: www.tworiversclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Two Rivers Community Land Trust has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is based solely on Accountability & Finance, which indicates a strong emphasis on maintaining transparent financial practices. The organization has demonstrated high standards with a perfect score in various accountability metrics, including having a fully independent board and no material diversion of assets.
Strengths of the organization include its commitment to financial integrity, as evidenced by its program expense ratio of 96.65%, indicating that a significant portion of its resources directly supports its mission. Additionally, the trust has implemented essential policies such as conflict of interest and whistleblower policies, which enhance its governance structure and accountability.
While the score is commendable, potential donors and supporters may wish to consider that the rating is based exclusively on accountability metrics, and further insight into program impact and effectiveness may not be fully captured in this score alone. Overall, Two Rivers Community Land Trust appears to operate with a strong focus on financial responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Two Rivers Community Land Trust legitimate?
Two Rivers Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Two Rivers 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:
Executive Compensation: $90,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,787
For more financial information, click here
Official website here: www.tworiversclt.org
What is the mission statement of Two Rivers Community Land Trust?
Two Rivers Community Land Trust aims to provide permanently affordable housing options for individuals, families, and households with income levels up to 80% of the median income. This organization operates within Washington County in Minnesota. Their mission is to create housing alternatives that are accessible to this income group, ensuring they have stable and affordable living spaces.
The organization provides various services to facilitate this mission. They offer buyer outreach, referral to community housing resources, training for potential community land trust homebuyers, and post-purchase support to homeowners. In terms of housing development, they create opportunities for new construction and acquisition, negotiate projects with partners, and secure financing for programs.
Two Rivers Community Land Trust also raises private and government funds for housing development projects and forms partnerships with cities and counties. They manage the financial aspects of housing development projects and work with contracted service providers to manage rehabilitation on units. Overall, their goal is to make affordable housing a reality for a significant portion of the population.
Official website here: www.tworiversclt.org
Who is the CEO of Two Rivers Community Land Trust?
Sunny Bjorklund Schultz is the Chair of Two Rivers Community Land Trust.
Official website here: www.tworiversclt.org
What is the revenue of Two Rivers Community Land Trust?
Two Rivers Community Land Trust's revenue in 2022 was $1,632,577.
Official website here: www.tworiversclt.org
Who are the executives of Two Rivers Community Land Trust and what are their salaries?
The average compensation at Two Rivers Community Land Trust during 2022 was $38,677. There are 3 employees at Two Rivers Community Land Trust.
Here are 10 key members and their salaries:
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- Compensation: $90,244
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- Other: $0
Official website here: www.tworiversclt.org
Where can I find the form 990 for Two Rivers Community Land Trust?
Two Rivers Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tworiversclt.org
Learn more at the official website: www.tworiversclt.org
Mission Statement of Two Rivers Community Land Trust
Two Rivers Community Land Trust, as a nonprofit organization, is committed to providing permanently affordable housing alternatives for low and moderate-income individuals, families, and households. Earning up to 80% of the median income, these individuals and families are the primary focus of the organization's mission. By doing so, Two Rivers Community Land Trust aims to contribute to a more equitable housing market within the community, ensuring that these individuals and families have access to safe and affordable housing options.
The organization's mission is carried out through various services and initiatives. Two Rivers Community Land Trust offers ownership services, including buyer outreach, referrals to community housing resources, training for potential community land trust homebuyers, facilitation of the buyer process and closing, and post-purchase support to owners. Furthermore, the organization is involved in housing development, creating opportunities for new construction and acquisition and rehabilitation. They negotiate projects with partners, develop project pro forma for multi-year housing development projects, and manage housing development projects financially.
In summary, Two Rivers Community Land Trust is an important resource for individuals and families within the low and moderate-income bracket. By providing permanently affordable housing alternatives, the organization is committed to ensuring that these individuals and families have access to safe and secure housing options. Through its various services and initiatives, Two Rivers Community Land Trust is dedicated to creating a more equitable housing market and contributing to a stronger, more inclusive community.
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Impact
July, 2024
Two Rivers Community Land Trust's impact is focused on providing permanently affordable housing alternatives for low and moderate-income individuals, families, and households earning up to 80% of median income within Washington County in the state of Minnesota. The organization offers ownership services, including buyer outreach, referral to community housing resources, training for potential community land trust homebuyers, and post-purchase support to owners. Additionally, Two Rivers Community Land Trust engages in housing development activities by creating opportunities for new construction, acquisition, and rehabilitation, negotiating projects with partners, developing project pro formas, negotiating financing, raising funds, creating partnerships with cities and counties, and managing housing development projects financially. Through these efforts, the organization contributes to addressing the affordable housing needs in the community and empowering individuals to access secure and affordable housing options.
This information is meant to be a general summary of Two Rivers 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 2022.
- Investment Income: $205
- Program Service Revenue: $1,171,531
- Gross Receipts: $1,632,577
Assets and Liabilities:
- Total Assets: $3,595,116
- Total Liabilities: $713,203
- Net Assets: $2,881,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY SALES
Revenue
$1,115,000
LAND LEASE INCOME
Revenue
$56,531
Organization Details
Founding Year
2000
Phone
(651) 994-9194Principal Officer
Sunny Bjorklund Schultz
Main Address
PO BOX 25451, WOODBURY, MN, 55125
Website
www.tworiversclt.orgNTEE Category
Code: L200 - Housing
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