Overview
What is Thurston Housing Land Trust?
Thurston Housing Land Trust is a nonprofit organization situated in Olympia, Washington. Their primary mission is to provide and build affordable housing for individuals with low to moderate income, ensuring housing affordability for future generations. They accomplish this through a unique shared equity form of home ownership. In addition to this, Thurston Housing Land Trust develops policies and procedures for homeowner selection and offers guidance for their first land trust home. They also educate the public on the land trust model, fostering partnerships for future home acquisition and development. Their activities are geared towards addressing housing affordability issues, benefiting the local community.
Official website here: www.thurstonhousinglandtrust.org
Is Thurston Housing Land Trust legitimate?
Thurston Housing Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thurston Housing 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:
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Official website here: www.thurstonhousinglandtrust.org
What is the mission statement of Thurston Housing Land Trust?
The Thurston Housing Land Trust's mission is centered around acquiring and constructing affordable housing for individuals with low and moderate incomes. This mission extends beyond the present, aiming to preserve housing affordability for future generations as well. They accomplish this objective through a unique shared equity form of home ownership. The trust has developed and implemented policies and procedures for homeowner selection and provides guidance for their first land trust home. Additionally, they educate the public on the land trust model and its significance in ensuring permanent housing affordability. The trust also establishes partnerships for future home acquisition and development.
Official website here: www.thurstonhousinglandtrust.org
What is the revenue of Thurston Housing Land Trust?
Thurston Housing Land Trust's revenue in 2023 was $257,062.
Official website here: www.thurstonhousinglandtrust.org
Who are the executives of Thurston Housing Land Trust and what are their salaries?
There 14 volunteers at Thurston Housing Land Trust.
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Official website here: www.thurstonhousinglandtrust.org
Where can I find the form 990 for Thurston Housing Land Trust?
Thurston Housing Land Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thurstonhousinglandtrust.org
Learn more at the official website: www.thurstonhousinglandtrust.org
Mission Statement of Thurston Housing Land Trust
Thurston Housing Land Trust is dedicated to a mission that involves acquiring and building affordable housing for individuals with low and moderate incomes. This mission is carried out through a unique approach called shared equity home ownership. The goal is not only to provide affordable housing at present but also to preserve this affordability for future generations of low and moderate income individuals. The organization has developed and implemented policies and procedures for homeowner selection and guidance, as well as educating the public on the land trust model and the concept of permanent housing affordability. Additionally, Thurston Housing Land Trust has established partnerships for future home acquisition and development, furthering their mission to provide affordable housing solutions.
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Impact
October, 2024
Thurston Housing Land Trust significantly enhances housing accessibility for low and moderate-income individuals and families. By acquiring and building affordable housing, it directly addresses the growing need for secure and sustainable living options. The Trust utilizes a shared equity model of homeownership, allowing families to invest in their homes without the burden of rising costs, ensuring that housing remains affordable over time.
Through the development and implementation of effective policies for homeowner selection, the Trust provides guidance and support to prospective homeowners, making the pathway to homeownership clearer and more achievable. Moreover, the organization actively educates the public about the land trust model and the importance of maintaining permanent housing affordability, fostering a greater understanding of these critical issues within the community.
Additionally, by establishing partnerships for future acquisition and development, Thurston Housing Land Trust is poised to create a lasting impact, continuously expanding the availability of affordable housing options for future generations. This proactive approach not only addresses immediate housing needs but also contributes to the stability and sustainability of the community at large.
This information is meant to be a general summary of Thurston Housing 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 2023.
- Investment Income: $164
- Program Service Revenue: $250
- Gross Receipts: $257,062
Assets and Liabilities:
- Total Assets: $177,150
- Total Liabilities: $0
- Net Assets: $177,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE FEES
Revenue
$250
Organization Details
Founding Year
2018
Principal Officer
Jerry Bustamante
NTEE Category
Code: L99 - Housing
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