Overview
What is The Maggie Walker Community Land Trust?
The Maggie Walker Community Land Trust, situated in Richmond, Virginia, serves as a developer and steward of permanently affordable housing in the region. By acquiring and holding land parcels, constructing homes, and selling them to qualified low-to-moderate income homebuyers who enter into a 99-year land lease agreement, the trust ensures long-term affordability for its residents. Acting as a land bank for the region's primary jurisdictions, including City of Richmond, Henrico County, and Chesterfield County, the Maggie Walker Community Land Trust also operates a pilot lease-to-own program, allowing applicants to rent a home and save towards eventual homeownership. The organization's mission is to provide and maintain permanent, affordable homeownership opportunities for low and moderate income households.
Official website here: www.https//maggiewalkerclt.org
Is The Maggie Walker Community Land Trust legitimate?
The Maggie Walker Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maggie Walker 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $6,300
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Maggie Walker Community Land Trust?
The Maggie Walker Community Land Trust aims to provide and maintain permanently affordable homeownership opportunities for low and moderate-income households. In accomplishing this mission, the organization acts as a developer and steward of affordable housing, acquiring and holding land parcels, building homes on these parcels, and selling them to eligible buyers who enter into a 99-year land lease agreement with the trust. Additionally, the Maggie Walker Community Land Trust serves as the land bank for the region's primary jurisdictions, offering a pilot lease-to-own program, allowing applicants to rent a home and save towards eventual homeownership.
Official website here: www.https//maggiewalkerclt.org
Who is the CEO of The Maggie Walker Community Land Trust?
Erica Sims is the Chair of The Maggie Walker Community Land Trust.
Official website here: www.https//maggiewalkerclt.org
What is the revenue of The Maggie Walker Community Land Trust?
The Maggie Walker Community Land Trust's revenue in 2022 was $5,454,425.
Official website here: www.https//maggiewalkerclt.org
Who are the executives of The Maggie Walker Community Land Trust and what are their salaries?
- Carolyn Champion (Chair) [Trustee/Director]
- Schirra Hayes (Vice Chair) [Trustee/Director]
- William Martin (Treasurer) [Trustee/Director]
- Jeisson Apolo Armas (Secretary) [Trustee/Director]
- Laura Lafayette (Immediate Past Chair) [Trustee/Director]
- Duron Chavis (Director)
- Chanel Dixon (Director)
- Allison Domson (Director)
- Tiffany Goodman (Director)
- Michael Mulville (Director)
- Nelson Reveley (Director)
- Ashleigh Shannon (Director)
- Patricia Trotta (Director)
- Whitney Brown (Director)
- Adrienne Snead (Director)
Official website here: www.https//maggiewalkerclt.org
Where can I find the form 990 for The Maggie Walker Community Land Trust?
The The Maggie Walker Community Land Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.https//maggiewalkerclt.org
Learn more at the official website: www.https//maggiewalkerclt.org
Mission Statement of The Maggie Walker Community Land Trust
The Maggie Walker Community Land Trust, in its mission, strives to establish and preserve affordable homeownership opportunities for low- and moderate-income households. In pursuit of this goal, the organization serves as a developer and caretaker of affordable housing in the Richmond, Virginia region. This is achieved through various means, including the acquisition and retention of land parcels, construction of homes on these sites, and the sale of the dwellings to eligible low-to-moderate income homebuyers who agree to a 99-year land lease contract with the trust. In addition, The Maggie Walker Community Land Trust acts as a land bank for the primary jurisdictions of the city of Richmond, Henrico County, and Chesterfield County, offering a lease-to-own program as a pilot initiative. This program enables interested applicants to rent a home and save towards eventual homeownership.
Impact
This information is meant to be a general summary of The Maggie Walker Community Land Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Maggie Walker Community Land Trust's impact is evident in its efforts to develop and maintain permanently affordable homeownership opportunities for low and moderate-income households. By acquiring and holding land parcels, building homes, and selling them to qualified buyers under a 99-year land lease agreement, the MWCLT is effectively providing a sustainable solution to the housing affordability crisis in the Richmond, Virginia region. Additionally, serving as the land bank for the area's primary jurisdictions, the MWCLT is playing a crucial role in preserving affordable housing options for those in need. Through innovative programs like the lease-to-own initiative, the MWCLT is empowering individuals to rent homes while saving towards future ownership, further expanding access to homeownership. In essence, the Maggie Walker Community Land Trust is making a tangible and lasting impact by creating pathways to homeownership for individuals and families facing financial challenges.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT AND SALES
Revenue
$61,000
RENTAL INCOME
Revenue
$27,176
NET LOSS
Revenue
$-497,585
Organization Details
Founding Year
2015
Phone
(804) 915-6729
Principal Officer
Erica Sims
Main Address
203 N ROBINSON STREET, RICHMOND, VA, 23220
NTEE Category
Code: L20 - Housing
If you are a representative of The Maggie Walker 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.