Overview
What is Raleigh Area Land Trust?
Raleigh Area Land Trust is a dedicated nonprofit organization situated in Raleigh, North Carolina. Their primary mission is to expand affordable homeownership opportunities for families with low to moderate incomes, enabling them to live or remain in their preferred communities. To achieve this, they are currently preparing a 17-unit affordable housing development named Cottages of Idlewild. This initiative aims to provide both home purchase and rental opportunities for residents with income levels below 80% of the area median income. By implementing the community land trust model, the Raleigh Area Land Trust safeguards neighborhoods from the affordable housing crisis, ensuring that working families can afford to reside in their community and preserving affordability for future generations.
Official website here: www.ralt.org
Is Raleigh Area Land Trust legitimate?
Raleigh Area Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raleigh Area 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.
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Official website here: www.ralt.org
What is the mission statement of Raleigh Area Land Trust?
The Raleigh Area Land Trust's mission is to expand affordable homeownership prospects for families with modest incomes, enabling them to reside or continue living in communities of their preference. The organization achieves this mission by creating permanently affordable homeownership opportunities for first-time homebuyers, employing the community land trust model. Investments made by the trust safeguard neighborhoods from the affordable housing crisis by ensuring that working families can afford to live in their community and by maintaining the affordability of homes for future generations.
Official website here: www.ralt.org
Who is the CEO of Raleigh Area Land Trust?
Kia Baker is the Director of Raleigh Area Land Trust.
Official website here: www.ralt.org
What is the revenue of Raleigh Area Land Trust?
Raleigh Area Land Trust's revenue in 2022 was $355,363.
Official website here: www.ralt.org
Who are the executives of Raleigh Area Land Trust and what are their salaries?
There 7 volunteers at Raleigh Area Land Trust.
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Official website here: www.ralt.org
Where can I find the form 990 for Raleigh Area Land Trust?
Raleigh Area Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ralt.org
Learn more at the official website: www.ralt.org
Mission Statement of Raleigh Area Land Trust
The Raleigh Area Land Trust, a non-profit organization, works towards expanding affordable homeownership opportunities for families with low to moderate incomes. This is accomplished by creating permanently affordable housing options for first-time homebuyers, utilizing the community land trust model. By doing so, the organization aims to protect neighborhoods from the affordable housing crisis, ensuring that working families can afford to reside in their community and maintain affordability for future generations. This mission of the Raleigh Area Land Trust is instrumental in preserving communities and providing sustainable housing solutions for families in need.
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Impact
October, 2024
Raleigh Area Land Trust significantly impacts communities by expanding affordable homeownership opportunities for families with low to moderate incomes. This initiative enables these families to either move into or stay within their preferred neighborhoods, contributing to the stability and diversity of these areas.
Their recent project, Cottages of Idlewild, exemplifies this commitment, as it will provide a 17-unit affordable housing development specifically aimed at residents earning below 80% of the area median income. By utilizing the community land trust model, the Raleigh Area Land Trust ensures that homes remain affordable for future generations, safeguarding neighborhoods against the pressures of the affordable housing crisis.
This approach not only bolsters local communities by allowing working families to thrive but also preserves the affordability of housing in these areas long-term. Overall, the Raleigh Area Land Trust plays a vital role in enhancing the quality of life for families who might otherwise be priced out of their communities.
This information is meant to be a general summary of Raleigh Area 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.
- Investment Income: $66
- Gross Receipts: $355,363
Assets and Liabilities:
- Total Assets: $1,139,637
- Total Liabilities: $357,245
- Net Assets: $782,392
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Organization Details
Founding Year
2018
Phone
(503) 333-5774Principal Officer
Kia Baker
Main Address
311 NEW BERN AVENUE 28363, RALEIGH, NC, 27611
Website
www.ralt.orgNTEE Category
Code: L21 - Housing
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