Overview
What is Asheville-Buncombe Community Land Trust?
Asheville-Buncombe Community Land Trust is a nonprofit organization situated in Asheville, North Carolina. Their primary mission is to provide affordable housing solutions for low- and moderate-income families. They have recently achieved milestones such as selling their first home with resale restrictions ensuring long-term affordability, purchasing two properties in the East End neighborhood for renovation, and launching two new initiatives: a home repair program within their neighborhood-based funds and a community ambassador program to engage with the local community. The organization currently employs a team of three individuals.
Official website here: www.abclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Asheville-Buncombe Community Land Trust has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The rating is primarily based on a comprehensive evaluation of the organization's financial practices, where it excelled in areas such as having an entirely independent board and maintaining strong audit and oversight procedures.
Strengths include a fully independent board of directors and a robust conflict of interest policy, which contribute to the organization's governance integrity. Additionally, the organization has demonstrated sound fiscal management, reflected in its low liability-to-assets ratio. However, the nonprofit's program expense ratio of 51.68% suggests that a significant portion of its budget is directed towards administrative costs rather than direct program services, which may be a concern for some donors seeking impactful contributions.
While the Asheville-Buncombe Community Land Trust has solid governance practices, potential supporters might want to consider the implications of its financial allocations. The organization appears committed to transparency, as evidenced by its well-documented policies and procedures, but its program spending could be an area for improvement to enhance its overall effectiveness and mission delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Asheville-Buncombe Community Land Trust legitimate?
Asheville-Buncombe Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asheville-Buncombe 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: $85,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,771
For more financial information, click here
Official website here: www.abclt.org
What is the mission statement of Asheville-Buncombe Community Land Trust?
The mission of Asheville-Buncombe Community Land Trust is centered around providing affordable housing opportunities for individuals with modest income levels. This mission is accomplished through various initiatives, such as the sale of homes with resale restrictions to ensure perpetual affordability, the purchase and renovation of existing properties, and the establishment of initiatives like a home repair program and a community ambassador program, all aimed at enhancing access to affordable housing.
Official website here: www.abclt.org
Who is the CEO of Asheville-Buncombe Community Land Trust?
Anna Zuevskaya is the Executive Director of Asheville-Buncombe Community Land Trust.
Official website here: www.abclt.org
What is the revenue of Asheville-Buncombe Community Land Trust?
Asheville-Buncombe Community Land Trust's revenue in 2022 was $553,223.
Official website here: www.abclt.org
Who are the executives of Asheville-Buncombe Community Land Trust and what are their salaries?
The average compensation at Asheville-Buncombe Community Land Trust during 2022 was $41,366. There are 3 employees and 20 volunteers at Asheville-Buncombe Community Land Trust.
Here are 15 key members and their salaries:
- Compensation: $80,080
- Related: $0
- Other: $5,247
- 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
- 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.abclt.org
Where can I find the form 990 for Asheville-Buncombe Community Land Trust?
Asheville-Buncombe Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abclt.org
Learn more at the official website: www.abclt.org
Mission Statement of Asheville-Buncombe Community Land Trust
Asheville-Buncombe Community Land Trust, a nonprofit organization, is committed to providing affordable housing solutions for low- and moderate-income households. To achieve this mission, the trust has taken several steps. One of their initial accomplishments was the sale of their first home and the execution of a ground lease with resale restrictions, ensuring that the property would remain permanently affordable.
Furthermore, Asheville-Buncombe Community Land Trust expanded its efforts by purchasing two existing homes in the East End neighborhood and initiating renovations on both properties. Beyond these physical endeavors, the trust has also established two new initiatives. The first is a home repair program within their neighborhood-based funds, which aims to support and maintain the affordability of existing homes. The second initiative is a community ambassador program, designed to engage and empower local residents to advocate for and contribute to the preservation of affordable housing in their 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
July, 2024
Asheville-Buncombe Community Land Trust has made a significant impact in providing affordable housing for low- and moderate-income households in Asheville. By selling their first home and executing ground leases with resale restrictions, they have ensured that the homes remain permanently affordable. Additionally, the organization purchased and began renovations on two existing homes in the East End neighborhood, further expanding their impact. The creation of a Home Repair Program and a Community Ambassador Program demonstrates their commitment to addressing housing needs in the community. Overall, Asheville-Buncombe Community Land Trust's efforts are crucial in addressing the housing affordability crisis in the region.
This information is meant to be a general summary of Asheville-Buncombe 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.
- Investment Income: -$45,000
- Program Service Revenue: $325
- Gross Receipts: $727,264
Assets and Liabilities:
- Total Assets: $1,057,180
- Total Liabilities: $2,960
- Net Assets: $1,054,220
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Processing Fees
Revenue
$325
Organization Details
Founding Year
2018
Phone
(828) 222-0812Principal Officer
Anna Zuevskaya
Main Address
825 Merrimon Ave, Asheville, NC, 28804
Website
www.abclt.orgNTEE Category
Code: L20 - Housing
If you are a representative of Asheville-Buncombe Community Land Trust 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.