Overview
What is Minot Area Community Land Trust?
The Minot Area Community Land Trust is a nonprofit organization situated in Minot, North Dakota, specifically at 2020 8th Avenue SE, 58701. Their primary mission is to offer affordable and high-quality housing solutions for families with low to moderate incomes, residing in Ward County. To achieve this goal, they provide opportunities for affordable home ownership, ensuring accessibility and quality living standards for their targeted demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Minot Area Community Land Trust has received a Three-Star rating from Charity Navigator, indicating a solid level of performance with an overall score of 80%. This rating reflects a strong focus on accountability and finance, showcasing the organization’s commitment to financial health and responsible management of resources.
The Trust boasts an exemplary board structure, with 100% of its members being independent, which contributes to a well-governed organization. Additionally, there are no reported diversions of assets, and the organization adheres to conflict of interest policies while maintaining thorough documentation of board meetings. Its low liabilities to assets ratio of 1.81% further demonstrates its financial stability.
One of the standout features of the Minot Area Community Land Trust is its high program expense ratio of 97.15%. This indicates that the vast majority of its expenses are directed towards its charitable programs rather than administrative costs, which reinforces its mission-driven focus. Overall, while the organization shows strong performance, continued transparency and engagement with stakeholders will be essential for sustained trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Minot Area Community Land Trust legitimate?
Minot Area Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minot Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Minot Area Community Land Trust?
The Minot Area Community Land Trust has a mission to provide affordable and high-quality home ownership opportunities for families with modest to moderate incomes. This organization strives to make homeownership a reality for these families, working within Ward County. Their activities are centered around this mission, aiming to ensure that families have access to suitable housing that fits their financial capabilities.
Who is the CEO of Minot Area Community Land Trust?
Emily Contreras is the President of Minot Area Community Land Trust.
What is the revenue of Minot Area Community Land Trust?
Minot Area Community Land Trust's revenue in 2022 was $69,263.
Who are the executives of Minot Area Community Land Trust and what are their salaries?
There 5 volunteers at Minot Area Community Land Trust.
Here are 7 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minot Area Community Land Trust?
Minot Area Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minot Area Community Land Trust
The Minot Area Community Land Trust is dedicated to providing a solution for the housing needs of low to moderate income families. With a clear mission in mind, this organization strives to offer affordable and high-quality home ownership opportunities within Ward County. By focusing on this specific goal, the Minot Area Community Land Trust aims to contribute positively to the community, ensuring that a diverse range of families can call a home their own.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Minot Area Community Land Trust is making a significant impact by providing affordable and quality homeownership opportunities for low to moderate-income families in Ward County. By offering these families the chance to own a home, the land trust is helping to stabilize communities, promote financial security, and empower individuals and families to build a better future. This initiative plays a crucial role in addressing the housing needs of the community and promoting economic equity and resilience.
This information is meant to be a general summary of Minot Area 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: $97
- Program Service Revenue: $68,566
- Gross Receipts: $69,263
Assets and Liabilities:
- Total Assets: $1,303,592
- Total Liabilities: $19,916
- Net Assets: $1,283,676
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$68,566
Organization Details
Founding Year
2012
Phone
(701) 818-0350Principal Officer
Emily Contreras
Main Address
2020 8TH AVE SE, MINOT, ND, 58701
NTEE Category
Code: L20 - Housing
If you are a representative of Minot Area Community Land Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.