Overview
What is Central Ohio Community Land Trust Corporation?
The Central Ohio Community Land Trust Corporation is a dedicated nonprofit organization situated in Columbus, Ohio. Established with the primary goal of ensuring permanent affordable housing, they focus on providing single residential, multi-family, and multi-use properties within Franklin County. These properties are transformed into community assets, securing their existence in perpetuity. By doing so, the corporation aims to contribute to the local housing market and cater to the needs of the community, ensuring affordable housing options remain accessible.
What are the reviews and ratings of this charity?
**Rating from Charity Navigator:** 94% (Four-Star out of Four Star rating)
The Central Ohio Community Land Trust Corporation has achieved a significant 94% rating, which reflects its strong performance in accountability and finance. With a perfect score of 100% for program expense ratio, the organization effectively channels its resources into its core mission. The board is entirely independent, comprising nine members with robust governance structures in place, including comprehensive oversight and conflict of interest policies.
While the high score for accountability and finance underscores the organization’s commitment to transparency and effective use of funds, it is important to note that the organization has not yet been evaluated for impact and measurement or culture and community. This may limit a full understanding of the organization's effectiveness in achieving its long-term goals and engaging with the communities it serves.
User reviews from GreatNonprofits are currently unavailable, leaving a gap in user sentiment evaluations. Overall, the organization presents a solid financial foundation, but more insight into its operational impact and community interactions could enhance its profile.
This AI summary has been generated from information found on Charity Navigator.
Is Central Ohio Community Land Trust Corporation legitimate?
Central Ohio Community Land Trust Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Ohio Community Land Trust 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.
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What is the mission statement of Central Ohio Community Land Trust Corporation?
The Central Ohio Community Land Trust Corporation's mission is centered around promoting affordable housing in Franklin County. They achieve this by providing and maintaining single residential, multi-family, and multi-use properties as community assets, ensuring their perpetuity. This organization's purpose is to ensure that affordable housing remains a permanent fixture in the community, benefiting its residents. By holding these properties in perpetuity, the Land Trust Corporation aims to contribute to the long-term housing needs of the community.
Who is the CEO of Central Ohio Community Land Trust Corporation?
Curtiss L Williams is the Ex-Officio Member of Central Ohio Community Land Trust Corporation.
What is the revenue of Central Ohio Community Land Trust Corporation?
Central Ohio Community Land Trust Corporation's revenue in 2022 was $9,643,065.
Who are the executives of Central Ohio Community Land Trust Corporation and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Central Ohio Community Land Trust Corporation?
Central Ohio Community Land Trust Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Ohio Community Land Trust Corporation
Central Ohio Community Land Trust Corporation, as a nonprofit organization, is committed to providing permanent affordable housing in Franklin County. To achieve this mission, the corporation acquires and manages single residential, multi-family, and multi-use properties, ensuring they remain community assets in perpetuity. By holding these properties, the organization aims to make housing affordable and sustainable for generations to come. This mission is crucial in addressing housing affordability challenges, contributing to a more equitable and stable community.
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Impact
July, 2024
Central Ohio Community Land Trust Corporation's impact can be seen in the increased availability of permanent affordable housing options in Franklin County. By providing single residential, multi-family, and multi-use properties to be held as community assets in perpetuity, the organization is addressing the critical issue of housing affordability in the region. Through its mission to support permanent affordable housing, Central Ohio Community Land Trust Corporation is creating a lasting impact on the community, ensuring that individuals and families have access to stable and affordable housing options for years to come.
This information is meant to be a general summary of Central Ohio Community Land Trust 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.
- Investment Income: $2,534
- Program Service Revenue: $3,226,670
- Gross Receipts: $9,643,065
Assets and Liabilities:
- Total Assets: $5,615,112
- Total Liabilities: $901,011
- Net Assets: $4,714,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Home Sales
Revenue
$3,212,000
Land Lease Income
Revenue
$14,670
Organization Details
Founding Year
2019
Principal Officer
Curtiss L Williams
Main Address
845 Parsons Ave, Columbus, OH, 43206
NTEE Category
Code: L80 - Housing
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