Overview
What is Africatown Community Land Trust?
Africatown Community Land Trust (ACLT) is a nonprofit organization situated in Seattle, Washington, specifically at 1437 S Jackson Suite 100. Their primary mission involves acquiring, stewarding, and developing land assets in the greater Seattle area to contribute to preserving and empowering the local Black/African diaspora community. This organization collaborates with local stakeholders and the City of Seattle to provide affordable housing solutions for disadvantaged Seattle residents. In response to the city's homelessness crisis, ACLT recently completed a $13.8 million acquisition of the former Keiro Rehabilitation Center. This full block in the Central District was transformed into a culturally responsive shelter, Benu Community Home, which focuses on addressing the over-representation of unsheltered Black men in the homeless population. The shelter, which began serving 30 residents on December 1, 2021, has provided housing and temporary housing to 66 and 79 individuals, respectively, while serving a total of 226 individuals. ACLT receives funding from the City of Seattle Human Services Department and King County Regional Homeless Authority. The organization also hosts community listening and outreach sessions to address concerns and discuss plans for Benu Community Home. At present, ACLT employs a team of 70 individuals.
Official website here: www.africatownlandtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Africatown Community Land Trust has received an 81% score on Charity Navigator, indicating a solid level of accountability and finance. The organization excels particularly in governance, having a fully independent board comprising seven members that demonstrates strict adherence to financial oversight and ethical policies. However, they dropped points due to a missing tax form on their website, which slightly hampers their overall score.
In terms of financial health, the organization has a remarkable program expense ratio of 82%, illustrating a strong dedication to its core mission without significant diversion of assets. Yet, the liabilities to assets ratio is 80.20%, which raises questions about financial stability in the long term. Despite these concerns, the nonprofit receives substantial support from public or governmental sources, signifying community backing for its initiatives.
User reviews from GreatNonprofits could not be fetched, making it challenging to gauge direct public sentiment. Overall, while Africatown Community Land Trust shows strong governance and program commitment, the noted financial concerns warrant further scrutiny for stakeholders considering support or collaboration.
This AI summary has been generated from information found on Charity Navigator.
Is Africatown Community Land Trust legitimate?
Africatown Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Africatown 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: $166,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,997,400
For more financial information, click here
Official website here: www.africatownlandtrust.org
What is the mission statement of Africatown Community Land Trust?
The Africatown Community Land Trust's mission is centered around acquiring, managing, and developing land assets in various areas to preserve and support the Black/African diaspora community in Seattle. They collaborate with local stakeholders and city authorities to provide affordable housing for disadvantaged residents. The organization's recent project involved acquiring the former Keiro Rehabilitation Center, transforming it into a culturally responsive shelter, and providing housing for over 60 individuals, contributing to the reduction of homelessness in the Black community.
Official website here: www.africatownlandtrust.org
Who is the CEO of Africatown Community Land Trust?
K Wyking Garrett is the Chief Executive Officer of Africatown Community Land Trust. The CEO's salary of Africatown Community Land Trust is $166,192 and their total compensation is $166,192.
Official website here: www.africatownlandtrust.org
What is the revenue of Africatown Community Land Trust?
Africatown Community Land Trust's revenue in 2022 was $7,969,878.
Official website here: www.africatownlandtrust.org
Who are the executives of Africatown Community Land Trust and what are their salaries?
The average compensation at Africatown Community Land Trust during 2022 was $30,908. There are 70 employees at Africatown Community Land Trust.
Here are 9 key members and their salaries (Africatown Community Land Trust's CEO's salary is $166,192 and their total compensation is $166,192):
- Compensation: $166,192
- Related: $0
- Other: $0
- Compensation: $124,173
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.africatownlandtrust.org
Where can I find the form 990 for Africatown Community Land Trust?
Africatown Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.africatownlandtrust.org
Learn more at the official website: www.africatownlandtrust.org
Mission Statement of Africatown Community Land Trust
Africatown Community Land Trust, a nonprofit organization, is dedicated to acquiring, stewarding, and developing land assets in various areas of Seattle. Their primary mission is to preserve and support Seattle's Black/African diaspora community and provide affordable housing for vulnerable and disadvantaged residents. They collaborate with local stakeholders and the City of Seattle to achieve these objectives.
In practice, Africatown Community Land Trust has demonstrated its commitment by completing a significant $13.8 million acquisition of the former Keiro Rehabilitation Center. This full block, located in the heart of Seattle's Central District, was originally earmarked for market-rate development. However, Africatown Community Land Trust repurposed the facilities for a culturally responsive shelter, Benu Community Home. This shelter aims to reduce the disproportionate over-representation of unsheltered, Black men in Seattle's homeless population. The organization has received funding from both the City of Seattle Human Services Department and the King County Regional Homeless Authority.
Africatown Community Land Trust has also engaged with the community, hosting several listening and outreach sessions to address concerns and discuss plans for Benu Community Home. Benu Community Home welcomed its first group of 30 residents on December 1, 2021, and has since served 226 individuals. Of these, 66 individuals have secured permanent housing, and 79 have received temporary housing. Africatown Community Land Trust's efforts in providing affordable housing and supporting the Black/African diaspora community in Seattle are ongoing.
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Impact
July, 2024
Africatown Community Land Trust, through its efforts to acquire, steward, and develop land assets in the greater Seattle area, has had a significant impact on preserving and supporting Seattle's Black/African diaspora community. One notable achievement is the $13.8 million acquisition of the former Keiro Rehabilitation Center, a prime location in the Central District originally designated for market-rate development. This initiative led to the establishment of Benu Community Home, a culturally responsive shelter that specifically aims to address the over-representation of unsheltered Black men in Seattle's homeless population.
Furthermore, Africatown Community Land Trust has worked closely with local stakeholders and the City of Seattle to provide affordable housing for vulnerable and disadvantaged residents. By hosting community listening and outreach sessions, they actively engage with the community to address concerns and involve residents in decision-making processes. As a result of these efforts, Benu Community Home has successfully served 226 individuals, with 66 finding permanent housing and 79 accessing temporary housing.
Overall, Africatown Community Land Trust's dedication to creating housing solutions and supporting marginalized communities in Seattle has made a tangible and positive impact on the lives of many individuals in need.
This information is meant to be a general summary of Africatown 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.
- Gross Receipts: $7,969,878
Assets and Liabilities:
- Total Assets: $19,114,449
- Total Liabilities: $15,333,362
- Net Assets: $3,781,087
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Organization Details
Founding Year
2016
Principal Officer
K Wyking Garrett
Main Address
1437 S Jackson Suite 100, Seattle, WA, 98144
Website
www.africatownlandtrust.orgNTEE Category
Code: L20 - Housing
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