Overview
What is City Roots Community Land Trust Inc?
City Roots Community Land Trust Inc is a nonprofit organization situated in Rochester, New York, specifically at 20 First Street Unit B. Their primary mission is to secure and maintain affordable housing in various neighborhoods of the city, with a focus on preventing displacement as housing prices rise. They achieve this by purchasing properties and ensuring that these affordable homes will be permanently available. City Roots also promotes community control, empowering local residents to take the lead in improving their homes and neighborhoods. This organization is supported by contributions and is dedicated to bridging socioeconomic divisions, fostering a sense of community and equity in housing.
Official website here: www.cityrootsclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
City Roots Community Land Trust Inc has received an 83% score from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a perfect score for having 100% independent board members and a robust independent board size. Additional strengths include the absence of material asset diversions and comprehensive financial statements, further validating their financial integrity.
The organization demonstrates effective governance, with a well-documented conflict of interest policy and whistleblower policy in place. This commitment to transparency is reinforced by their documented board meeting minutes, which enhances stakeholder confidence in their operations. However, their program expense ratio of 59.37%, while decent, suggests there may be room for improvement in directing funds toward programmatic activities.
Overall, City Roots Community Land Trust Inc shows a strong commitment to accountability and responsible financial management, but they may need to focus on increasing their program expenditure to improve their impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is City Roots Community Land Trust Inc legitimate?
City Roots Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Roots 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: $97,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,702
For more financial information, click here
Official website here: www.cityrootsclt.org
What is the mission statement of City Roots Community Land Trust Inc?
City Roots Community Land Trust Inc's mission is to establish and promote permanently affordable housing, fostering equity, in an unspecified location. They aim to prevent displacement during property development and encourage community ownership and management of land. The organization's mission also involves bridging socioeconomic divisions by empowering neighbors to improve their homes and neighborhoods. City Roots is dedicated to securing affordable housing in areas with rising housing prices and supports this initiative through community contributions.
Official website here: www.cityrootsclt.org
Who is the CEO of City Roots Community Land Trust Inc?
Amber Powers is the President of City Roots Community Land Trust Inc.
Official website here: www.cityrootsclt.org
What is the revenue of City Roots Community Land Trust Inc?
City Roots Community Land Trust Inc's revenue in 2022 was $513,777.
Official website here: www.cityrootsclt.org
Who are the executives of City Roots Community Land Trust Inc and what are their salaries?
The average compensation at City Roots Community Land Trust Inc during 2022 was $52,591. There are 5 employees and 12 volunteers at City Roots Community Land Trust Inc.
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- Compensation: $66,675
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- Compensation: $45,751
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Official website here: www.cityrootsclt.org
Where can I find the form 990 for City Roots Community Land Trust Inc?
City Roots Community Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cityrootsclt.org
Learn more at the official website: www.cityrootsclt.org
Mission Statement of City Roots Community Land Trust Inc
City Roots Community Land Trust Inc, as a community-driven organization, works tirelessly to establish and promote permanently affordable, equitable housing in various neighborhoods. Their mission is to ensure development without displacement, a crucial aspect that sets them apart. By purchasing and developing residential properties, they aim to bridge socioeconomic divisions and empower neighbors. City Roots encourages community members to take the lead in improving not only their homes but also their neighborhoods. This approach enables the organization to secure permanent affordable housing for all, even in areas experiencing an increase in housing prices. Their efforts are supported by contributions, further strengthening their commitment to this cause.
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Impact
July, 2024
City Roots Community Land Trust Inc's impact lies in its diligent efforts to secure permanent affordable housing for all neighborhoods in Rochester. By purchasing and developing residential properties, City Roots promotes the availability of affordable homes in areas facing increasing housing prices. The organization's commitment to development without displacement ensures the preservation of affordable housing options in the community. Through community control techniques, City Roots empowers neighbors to actively participate in improving their homes and neighborhoods, fostering a sense of ownership and unity. This grassroots approach bridges socioeconomic divisions and champions the cause of equitable housing for all residents of Rochester.
This information is meant to be a general summary of City Roots 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: -$178,950
- Program Service Revenue: $80,990
- Gross Receipts: $796,442
Assets and Liabilities:
- Total Assets: $1,461,960
- Total Liabilities: $150,034
- Net Assets: $1,311,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$80,990
Organization Details
Founding Year
2016
Phone
(585) 576-9990Principal Officer
Amber Powers
Main Address
20 First Street Unit B, Rochester, NY, 14605
Website
www.cityrootsclt.orgNTEE Category
Code: L80 - Housing
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