Overview
What is Fb Community Land Trust Inc?
Fb Community Land Trust Inc is a nonprofit organization situated in Buffalo, New York, specifically at 1440 Jefferson Ave 236. Their primary mission is to foster affordable housing and community wealth in the Fruit Belt neighborhood. To achieve this, they are engaged in constructing two new houses. Their approach involves collective land ownership, which is a unique method to ensure the homes remain affordable in the long term. By doing so, Fb Community Land Trust Inc aims to revitalize the historic Fruit Belt neighborhood.
Official website here: www.fruitbelt-clt.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Fb Community Land Trust Inc has achieved an impressive rating of 97%, which qualifies it for a Four-Star charity designation. This high score reflects a strong emphasis on accountability and finance, with a perfect score in several key areas, indicating that the organization effectively manages its resources and maintains transparency.
The nonprofit boasts a fully independent board, with 100% of its members qualifying as independent, which underscores its commitment to governance and ethical practices. Additionally, the organization has no material diversion of assets, ensuring that funds are allocated appropriately to support its mission. The strong program expense ratio of 75.12% further demonstrates that a significant portion of its budget is directed toward its programs and services.
While the data highlights many strengths, it also reflects a commitment to policies that promote accountability, such as maintaining a conflict of interest policy and a whistleblower policy. This focus on integrity and transparency is crucial for building trust with donors and the community. Overall, Fb Community Land Trust Inc is recognized for its responsible financial practices and robust governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Fb Community Land Trust Inc legitimate?
Fb Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fb 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fruitbelt-clt.org/
What is the mission statement of Fb Community Land Trust Inc?
Fb Community Land Trust Inc's mission is centered around creating affordable housing and fostering community wealth. They achieve this goal by promoting collective ownership of land in a specific area. In particular, their focus is on the historic Fruit Belt neighborhood in an unspecified location. By implementing this approach, they aim to make housing more affordable while simultaneously generating wealth within the community. As part of their mission, they have initiated construction projects to provide affordable housing units.
Official website here: www.fruitbelt-clt.org/
Who is the CEO of Fb Community Land Trust Inc?
Elverna Gidney is the Board President of Fb Community Land Trust Inc.
Official website here: www.fruitbelt-clt.org/
What is the revenue of Fb Community Land Trust Inc?
Fb Community Land Trust Inc's revenue in 2022 was $839,782.
Official website here: www.fruitbelt-clt.org/
Who are the executives of Fb Community Land Trust Inc and what are their salaries?
There 7 volunteers at Fb Community Land Trust Inc.
Here are 12 key members and their salaries:
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Official website here: www.fruitbelt-clt.org/
Where can I find the form 990 for Fb Community Land Trust Inc?
Fb Community Land Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fruitbelt-clt.org/
Learn more at the official website: www.fruitbelt-clt.org/
Mission Statement of Fb Community Land Trust Inc
Fb Community Land Trust Inc, a nonprofit organization, is committed to achieving two primary goals. Firstly, it aims to provide affordable housing by collectively owning land in communities. In this context, the organization focuses on the historic Fruit Belt neighborhood in Buffalo, New York. Secondly, Fb Community Land Trust Inc strives to generate community wealth through its land ownership model. By constructing homes that are permanently affordable, the nonprofit seeks to empower local residents and contribute to a more economically sustainable community. This mission is integral to the organization's efforts to improve housing accessibility and promote community development.
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Impact
July, 2024
Fb Community Land Trust Inc is making a tangible impact by creating permanently affordable housing and generating community wealth through collective ownership of land in Buffalo's historic Fruit Belt neighborhood. Through the construction of two homes, they are providing much-needed affordable housing options in an area facing rising housing costs. By focusing on collective land ownership, they are not only addressing housing affordability but also building a sense of community ownership and empowerment. This initiative is a concrete step towards improving the lives of residents in the Fruit Belt neighborhood and promoting long-term sustainability and inclusivity.
This information is meant to be a general summary of Fb 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.
- Program Service Revenue: $11,500
- Gross Receipts: $839,782
Assets and Liabilities:
- Total Assets: $221,788
- Total Liabilities: $13,165
- Net Assets: $208,623
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Organization Details
Founding Year
2017
Phone
(716) 587-2472Principal Officer
Elverna Gidney
Main Address
1440 Jefferson Ave 236, Buffalo, NY, 14208
Website
www.fruitbelt-clt.org/NTEE Category
Code: S21 - Community improvement
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