Overview
What is Amherst Community Land Trust Inc?
Amherst Community Land Trust Inc is a nonprofit organization based in Amherst, Massachusetts. Their primary mission is to acquire and manage land for the purpose of providing affordable home ownership opportunities. By holding land in trust, they aim to stabilize neighborhoods and prevent deterioration. Currently, six families own homes on land trust land. The organization is also establishing a maintenance and repair fund to assist resident homeowners in maintaining their properties.
Official website here: www.amherstcommunitylandtrust.org
Is Amherst Community Land Trust Inc legitimate?
Amherst Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amherst 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:
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Official website here: www.amherstcommunitylandtrust.org
What is the mission statement of Amherst Community Land Trust Inc?
The Amherst Community Land Trust Inc's mission is centered around acquiring and managing land for a noble cause. Specifically, they aim to provide opportunities for affordable home ownership and work towards preventing the decline of neighborhoods. By acquiring land and stewarding it responsibly, they offer the chance for several families to own homes at affordable prices. Furthermore, they are establishing a maintenance and repair fund to aid resident homeowners in maintaining their properties.
Official website here: www.amherstcommunitylandtrust.org
Who is the CEO of Amherst Community Land Trust Inc?
Linda Slakey is the President of Amherst Community Land Trust Inc.
Official website here: www.amherstcommunitylandtrust.org
What is the revenue of Amherst Community Land Trust Inc?
Amherst Community Land Trust Inc's revenue in 2022 was $450,365.
Official website here: www.amherstcommunitylandtrust.org
Who are the executives of Amherst Community Land Trust Inc and what are their salaries?
There 20 volunteers at Amherst Community Land Trust Inc.
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Official website here: www.amherstcommunitylandtrust.org
Where can I find the form 990 for Amherst Community Land Trust Inc?
Amherst Community Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amherstcommunitylandtrust.org
Learn more at the official website: www.amherstcommunitylandtrust.org
Mission Statement of Amherst Community Land Trust Inc
Amherst Community Land Trust Inc, a nonprofit organization, is dedicated to acquiring and managing land with the primary aim of providing affordable homeownership opportunities and combating neighborhood deterioration. The mission of this organization is to steward land, previously acquired and held in trust, to facilitate affordable homeownership for families. Currently, six families have homes on land trust property. Amherst Community Land Trust Inc is also establishing a maintenance and repair fund to support the upkeep of these homes for their resident homeowners. This fund will aid in the upkeep of the properties, ensuring the sustainability and longevity of the affordable housing initiative. By providing affordable homeownership opportunities and maintaining the quality of neighborhoods, Amherst Community Land Trust Inc contributes to the overall well-being and stability of its community.
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Impact
October, 2024
Amherst Community Land Trust Inc has a significant impact on the local community by facilitating affordable home ownership and enhancing neighborhood stability in Amherst, Massachusetts. By acquiring and managing land, the organization ensures that housing remains accessible to families who might otherwise be priced out of the market. Currently, six families own homes on land trust properties, which highlights the tangible benefits of their efforts.
Additionally, the land trust is implementing a maintenance and repair fund to support resident homeowners in maintaining their properties. This initiative not only aids individual families but also contributes to the overall health and attractiveness of the neighborhood, reducing the risk of deterioration. By focusing on stewardship and sustainable practices, Amherst Community Land Trust Inc plays a crucial role in fostering community resilience and combating housing instability.
This information is meant to be a general summary of Amherst 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: $400
- Program Service Revenue: $2,100
- Gross Receipts: $450,365
Assets and Liabilities:
- Total Assets: $1,151,833
- Total Liabilities: $130,400
- Net Assets: $1,021,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ground lease fees and maintenance fees
Revenue
$2,100
Organization Details
Founding Year
2014
Phone
(413) 256-6161Principal Officer
Linda Slakey
Main Address
PO Box 395, Amherst, MA, 01004
NTEE Category
Code: L21 - Housing
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