Overview
What is New Columbia Community Land Trust?
The New Columbia Community Land Trust is a dedicated nonprofit organization that primarily focuses on the development of real estate to address the need for affordable housing within the community. By leasing properties to low- and moderate-income residents, this organization ensures that housing remains accessible to those who require it most. Beyond property development, the New Columbia Community Land Trust also engages in community education and various activities to further its mission of providing affordable housing. This holistic approach aims to create a sustainable and inclusive community, fostering a better quality of life for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating.
New Columbia Community Land Trust received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial transparency. The organization demonstrates strengths in governance, with a fully independent board and several strong policies in place, such as a conflict of interest and whistleblower policy. Their program expense ratio is also commendable, indicating that a significant portion of their expenses goes directly toward their programs.
However, the Trust faces notable limitations in financial transparency, as it has not provided financial statements or posted its tax form on its website. The absence of these key documents detracts from its overall accountability score. Additionally, the liabilities to assets ratio suggests potential financial concerns that could be addressed through improved financial disclosures. Overall, while the organization is well-governed, enhancing its financial transparency would help build greater trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Columbia Community Land Trust legitimate?
New Columbia Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Columbia 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,000
For more financial information, click here
What is the mission statement of New Columbia Community Land Trust?
The New Columbia Community Land Trust is dedicated to the development of real estate, primarily for the purpose of offering affordable housing to low and moderate-income community members. Beyond this, they engage in community education and various related activities, all in pursuit of their mission to provide affordable housing. They lease the developed properties to residents within the community.
Who is the CEO of New Columbia Community Land Trust?
Christina Northern is the Secretary of New Columbia Community Land Trust.
What is the revenue of New Columbia Community Land Trust?
New Columbia Community Land Trust's revenue in 2022 was $571,918.
Who are the executives of New Columbia Community Land Trust and what are their salaries?
The average compensation at New Columbia Community Land Trust during 2022 was $53,000. There are 2 employees at New Columbia Community Land Trust.
Here are 8 key members and their salaries:
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Where can I find the form 990 for New Columbia Community Land Trust?
New Columbia Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Columbia Community Land Trust
The New Columbia Community Land Trust, a dedicated organization, focuses on land development with a primary goal of providing affordable housing. By developing real estate, this nonprofit leases properties to low and moderate-income community members, making housing more accessible to those who might otherwise struggle. In addition to property development, the Land Trust also offers community education and various activities, all in line with their mission to ensure affordable housing for all. The organization's efforts extend beyond mere property management, as they strive to empower their residents and contribute to the overall well-being of their community.
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Impact
July, 2024
New Columbia Community Land Trust's impact can be seen in the development of real property to provide affordable housing. By leasing properties to low and moderate-income community residents, the organization is addressing the issue of housing affordability in Washington, DC. Additionally, through community education and related activities, New Columbia Community Land Trust is contributing to the overall well-being of the community and promoting sustainable, inclusive development.
This information is meant to be a general summary of New Columbia 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.
- Program Service Revenue: $567,068
- Gross Receipts: $571,918
Assets and Liabilities:
- Total Assets: $2,106,735
- Total Liabilities: $1,346,910
- Net Assets: $759,825
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$532,218
GROUND LEASE FEES
Revenue
$24,350
ASSET MANAGEMENT FEES
Revenue
$10,500
Organization Details
Founding Year
1991
Phone
(202) 986-9225Principal Officer
Christina Northern
Main Address
1419 V STREET NW, WASHINGTON, DC, 20009
NTEE Category
Code: C340 - Environment
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