Overview
What is Durham Community Land Trustees Inc?
Durham Community Land Trustees Inc, located in Durham, North Carolina, is a dedicated nonprofit organization with a mission to construct and maintain affordable housing for families with moderate to low income. With a team of 13 dedicated individuals, they strive to foster strong communities by developing, managing, and advocating for permanent affordable housing. This initiative provides a stable foundation for Durham residents, enabling them to work towards economic security. Their activities encompass not only the construction and management of affordable housing but also advocacy efforts to ensure these resources remain accessible to those in need.
Official website here: www.dclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Durham Community Land Trustees Inc has received an impressive 89% rating from Charity Navigator, demonstrating a strong commitment to accountability and financial transparency. This rating is based entirely on their Accountability & Finance score, indicating that the organization excels in managing its resources effectively and maintaining high ethical standards.
The nonprofit boasts a fully independent board of directors, with all 13 members meeting the criteria for independence. It has also implemented robust policies including conflict of interest and whistleblower protections, contributing to its high marks in governance. Additionally, the organization has received full points in several financial metrics, demonstrating efficient fundraising practices and a high program expense ratio, which shows that a significant portion of its budget is directed towards its mission.
While the overall performance is commendable, the absence of a broader evaluation beyond the financial aspect may limit a comprehensive understanding of its impact on the community. Nonetheless, the organization's solid financial health and governance structure position it as a reliable entity within the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Durham Community Land Trustees Inc legitimate?
Durham Community Land Trustees Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Durham Community Land Trustees 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: $84,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $588,280
For more financial information, click here
Official website here: www.dclt.org
What is the mission statement of Durham Community Land Trustees Inc?
Durham Community Land Trustees Inc is dedicated to strengthening communities by actively developing, managing, and advocating for permanent affordable housing. This initiative aims to provide a stable foundation for individuals and families with low to moderate incomes, thereby helping them achieve economic security. By undertaking these activities, the organization seeks to contribute to the overall well-being of its residents, fostering a sense of community and stability.
Official website here: www.dclt.org
Who is the CEO of Durham Community Land Trustees Inc?
Sherry Taylor is the Executive Di of Durham Community Land Trustees Inc.
Official website here: www.dclt.org
What is the revenue of Durham Community Land Trustees Inc?
Durham Community Land Trustees Inc's revenue in 2023 was $3,112,357.
Official website here: www.dclt.org
Who are the executives of Durham Community Land Trustees Inc and what are their salaries?
The average compensation at Durham Community Land Trustees Inc during 2023 was $51,743. There are 13 employees and 157 volunteers at Durham Community Land Trustees Inc.
Here are 14 key members and their salaries:
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Official website here: www.dclt.org
Where can I find the form 990 for Durham Community Land Trustees Inc?
Durham Community Land Trustees Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dclt.org
Learn more at the official website: www.dclt.org
Mission Statement of Durham Community Land Trustees Inc
Durham Community Land Trustees Inc, a nonprofit organization, is dedicated to strengthening communities by developing, managing, and advocating for permanent affordable housing. This mission aims to provide a stable foundation for Durham residents with low to moderate incomes, helping them achieve economic security. By doing so, Durham Community Land Trustees Inc contributes to the overall well-being of the community, ensuring that affordable housing remains accessible for those in need. Through their initiatives, they not only offer housing but also contribute to the economic stability of the community, providing a solid foundation for its residents to build upon.
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Impact
July, 2024
Durham Community Land Trustees Inc has a significant impact on the Durham community by providing affordable housing for low to moderate-income families. Their work contributes to building strong communities by offering residents a stable foundation for achieving economic security. Through developing, managing, and advocating for permanent affordable housing, Durham Community Land Trustees Inc plays a vital role in addressing the housing needs of residents in Durham, NC.
This information is meant to be a general summary of Durham Community Land Trustees 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 2023.
- Investment Income: $11,712
- Program Service Revenue: $1,416,068
- Gross Receipts: $3,255,400
Assets and Liabilities:
- Total Assets: $16,276,390
- Total Liabilities: $9,423,389
- Net Assets: $6,853,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,388,730
MANAGEMENT & DEVELOPMENT FEES
Revenue
$14,118
GROUND LEASE FEES
Revenue
$13,040
TENANT FEES
Revenue
$180
Organization Details
Founding Year
1987
Phone
(919) 490-0063Principal Officer
Sherry Taylor
Main Address
1208 WEST CHAPEL HILL STREET, DURHAM, NC, 27701
Website
www.dclt.orgNTEE Category
Code: L200 - Housing
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