Overview
What is Boston Neighborhood Community Land Trust Inc?
Boston Neighborhood Community Land Trust Inc is a nonprofit organization situated in Roxbury, Massachusetts, specifically at 550 Dudley Street, 02119. Their primary mission involves collaborating with partners to stabilize neighborhoods, primarily in the Greater Boston area. This is achieved through innovative means, such as developing best practice models for home ownership of foreclosed properties and acquiring and rehabilitating at-risk or foreclosed residential units. The organization's focal point is to help as many residents of foreclosed homes as possible to remain in their homes, thereby contributing to neighborhood stability. With a small team of just two employees, Boston Neighborhood Community Land Trust Inc is committed to making a significant impact in its community.
Official website here: www.bnclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Boston Neighborhood Community Land Trust Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization has a notable program expense ratio of 84.05%, indicating a significant commitment to its programs and mission, as opposed to administrative costs.
The nonprofit is governed by an entirely independent board, receiving full points in both the majority independent board member and independent board size categories. Additionally, it excels in financial oversight, as shown by its perfect scores in areas such as audit and oversight, conflict of interest policy, and whistleblower policy.
While the overall score is commendable, it is based solely on the accountability and finance beacon, which means there may be limited insight into other operational aspects of the organization. Nonetheless, the available data paints a picture of a responsible and well-managed nonprofit focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Neighborhood Community Land Trust Inc legitimate?
Boston Neighborhood Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Neighborhood 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: $98,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,509
For more financial information, click here
Official website here: www.bnclt.org
What is the mission statement of Boston Neighborhood Community Land Trust Inc?
Boston Neighborhood Community Land Trust Inc's mission is to collaboratively work towards stabilizing neighborhoods by providing innovative means. They aim to help as many residents of foreclosed homes in the Greater Boston area as possible to continue living in their homes as soon as possible. The organization develops best practice models for home ownership of foreclosed properties and acquires and rehabilitates foreclosed or at-risk residential units in the area.
Official website here: www.bnclt.org
Who is the CEO of Boston Neighborhood Community Land Trust Inc?
Meridith Levy is the President of Boston Neighborhood Community Land Trust Inc.
Official website here: www.bnclt.org
What is the revenue of Boston Neighborhood Community Land Trust Inc?
Boston Neighborhood Community Land Trust Inc's revenue in 2022 was $1,142,668.
Official website here: www.bnclt.org
Who are the executives of Boston Neighborhood Community Land Trust Inc and what are their salaries?
The average compensation at Boston Neighborhood Community Land Trust Inc during 2022 was $73,090. There are 2 employees and 8 volunteers at Boston Neighborhood Community Land Trust Inc.
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- Compensation: $98,670
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- Other: $3,692
Official website here: www.bnclt.org
Where can I find the form 990 for Boston Neighborhood Community Land Trust Inc?
Boston Neighborhood Community Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bnclt.org
Learn more at the official website: www.bnclt.org
Mission Statement of Boston Neighborhood Community Land Trust Inc
Boston Neighborhood Community Land Trust Inc is a collective organization that works in partnership to stabilize neighborhoods by providing innovative means. Their primary mission is to assist as many residents of foreclosed occupied homes as possible to remain in their residences as quickly as possible. To achieve this, the trust develops best practice models for home ownership of foreclosed properties and acquires and rehabilitates foreclosed or at-risk residential units in the Greater Boston area. This approach aims to preserve homes and communities, ensuring the continuity of neighborhood life.
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Impact
July, 2024
Boston Neighborhood Community Land Trust Inc directly impacts the Greater Boston area by stabilizing neighborhoods through innovative means. This includes developing best practice models for home ownership of foreclosed properties and acquiring and rehabilitating foreclosed or at-risk residential units. Their mission is to work collaboratively with partners to ensure as many residents of foreclosed occupied homes as possible can stay in their communities.
This information is meant to be a general summary of Boston Neighborhood 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 2022.
- Investment Income: $835
- Program Service Revenue: $276,309
- Gross Receipts: $1,142,668
Assets and Liabilities:
- Total Assets: $9,881,518
- Total Liabilities: $7,511,642
- Net Assets: $2,369,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$276,309
Organization Details
Founding Year
2014
Phone
(617) 237-6015Principal Officer
Meridith Levy
Main Address
550 DUDLEY STREET, ROXBURY, MA, 02119
Website
www.bnclt.orgNTEE Category
Code: L20 - Housing
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