Overview
What is Clt Interboro Clt Housing Development Fund Corporation?
Clt Interboro Clt Housing Development Fund Corporation is a nonprofit organization primarily focused on providing affordable housing opportunities for low-income individuals in New York City. Based in Manhattan, the organization operates as a community land trust, which means it owns the land beneath rental and homeownership projects. In 2022, Interboro made significant strides in its projects, including starting pre-development work, securing public funding, and closing construction-finance on Net Zero homes. These homes, designed to passive house standards, will offer affordable and wealth-building opportunities for lower-income households. Interboro also promotes community land trusts through presentations, media, and engagement with philanthropic leaders. Its mission is to create and preserve affordable homeownership opportunities for New Yorkers, contributing to financial stability and racial diversity in the face of gentrification.
Is Clt Interboro Clt Housing Development Fund Corporation legitimate?
Clt Interboro Clt Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clt Interboro Clt Housing Development Fund Corporation 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: $70,064
For more financial information, click here
What is the mission statement of Clt Interboro Clt Housing Development Fund Corporation?
The Clt Interboro Clt Housing Development Fund Corporation's mission is centered around developing and supporting affordable housing projects for individuals of low income. The corporation achieves this through its ownership and management of the land beneath rental and homeownership subprojects. Interboro CLT, being the first and only citywide community land trust in New York City, is committed to creating and preserving permanently affordable homeownership opportunities for lower-income residents. The organization's pipeline and future community primarily focus on limited-equity cooperatives and single-family homes in low-moderate income census tracts, predominantly in Brooklyn, Queens, and The Bronx. This initiative aims to provide homeownership opportunities to those who might otherwise not have the chance, thereby promoting financial stability for families and preserving economic and racial diversity amidst gentrification.
Who is the CEO of Clt Interboro Clt Housing Development Fund Corporation?
Christie Peale is the Board Chair of Clt Interboro Clt Housing Development Fund Corporation.
What is the revenue of Clt Interboro Clt Housing Development Fund Corporation?
Clt Interboro Clt Housing Development Fund Corporation's revenue in 2022 was $311,735.
Who are the executives of Clt Interboro Clt Housing Development Fund Corporation and what are their salaries?
There 4 volunteers at Clt Interboro Clt Housing Development Fund Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Clt Interboro Clt Housing Development Fund Corporation?
Clt Interboro Clt Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clt Interboro Clt Housing Development Fund Corporation
Clt Interboro Clt Housing Development Fund Corporation is a pioneering organization dedicated to the development and support of affordable housing projects for individuals with low income. By owning and managing the land beneath rental and homeownership subprojects, this nonprofit aims to create and preserve permanently affordable homeownership opportunities for lower-income New Yorkers. This mission is achieved through the collaboration of four prominent community organizations: the Center for NYC Neighborhoods, Habitat for Humanity New York City, the Mutual Housing Association of New York, and the Urban Homesteading Assistance Board.
The nonprofit's vision extends beyond providing shelter, as it focuses on creating a pathway to financial stability for families in low-moderate income census tracts, primarily in Brooklyn, Queens, and The Bronx. By building limited-equity co-ops and single-family homes within these communities, Clt Interboro Clt Housing Development Fund Corporation seeks to empower individuals who might otherwise be excluded from homeownership. This initiative not only supports low-income families but also preserves economic and racial diversity in the face of gentrification.
In summary, Clt Interboro Clt Housing Development Fund Corporation is a forward-thinking nonprofit dedicated to affordable housing and economic mobility. By creating and preserving permanently affordable homeownership opportunities, it aims to uplift lower-income families and preserve diversity in New York City's most vulnerable communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Clt Interboro Clt Housing Development Fund Corporation significantly impacts affordable housing in New York City by pioneering a community land trust model that ensures long-term homeownership opportunities for low-income residents. In 2022, the corporation made substantial progress in advancing various housing projects, including rehabilitation and new constructions aimed at supporting lower income households. This includes the groundbreaking Net Zero homes, which are designed to be sustainably built to passive house standards, marking an important milestone as the first new construction single-family homes on a community land trust in NYC.
Interboro actively engages with local communities and stakeholders, raising awareness and advocating for the community land trust model to improve access to affordable housing. The corporation provides unique pathways for those historically excluded from homeownership, fostering financial stability and promoting economic and racial diversity amid urban gentrification pressures. These efforts not only contribute to the creation of limited-equity co-ops and single-family homes but also support policies that align with the needs of low to moderate-income families throughout Brooklyn, Queens, and The Bronx. Through collaboration with various organizations and city agencies, Interboro CLT is transforming the housing landscape, ensuring that affordable housing remains a priority even in a rapidly changing urban environment.
This information is meant to be a general summary of Clt Interboro Clt Housing Development Fund Corporation. 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: $311,735
Assets and Liabilities:
- Total Assets: $1,382,252
- Total Liabilities: $49,581
- Net Assets: $1,332,671
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(646) 237-5920Principal Officer
Christie Peale
Main Address
55 Broad Street 10 FL, New York, NY, 10004
NTEE Category
Code: L20 - Housing
If you are a representative of Clt Interboro Clt Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.