Overview
What is Dwelling Place Regional Community Land Trust?
Dwelling Place Regional Community Land Trust is a nonprofit organization located in Grand Rapids, Michigan. Their primary mission is to assist low-income working families by providing equity funding. This funding aims to permanently reduce the cost of homes for income-eligible homebuyers. Through this initiative, individuals and families can purchase and own affordably priced homes, entering into an 89-year ground lease agreement that grants them an exclusive, durable, and enforceable right to the land where their home is situated. The lease is transferable to qualified heirs and renewable for a second 89-year term. The organization's objective is to provide opportunities for low-income people to secure housing that is both decent and affordable, allowing them to have long-term control over their homes.
Official website here: www.dpgr.org
Is Dwelling Place Regional Community Land Trust legitimate?
Dwelling Place Regional Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dwelling Place Regional 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dwelling Place Regional Community Land Trust?
The Dwelling Place Regional Community Land Trust's mission is centered around providing opportunities for low-income individuals to secure decent and affordable housing on a long-term basis. By operating as a community land trust, the organization offers voluntary assistance to low-income working families. This aid comes in the form of equity funding, which reduces the cost of homes for income-qualified homebuyers. Consequently, these households can purchase and own affordably priced homes, entering into an 89-year ground lease agreement. This agreement grants them an exclusive, durable, and enforceable right to the lot where their home is situated. The lease can be assigned to qualified heirs and is renewable for a second 89-year term, ensuring a long-term housing solution for these families.
Official website here: www.dpgr.org
Who is the CEO of Dwelling Place Regional Community Land Trust?
Jeremy Deroo is the Chief Executive Officer of Dwelling Place Regional Community Land Trust. The CEO's salary of Dwelling Place Regional Community Land Trust is $0 and their total compensation is $210,036.
Official website here: www.dpgr.org
What is the revenue of Dwelling Place Regional Community Land Trust?
Dwelling Place Regional Community Land Trust's revenue in 2022 was $486,541.
Official website here: www.dpgr.org
Who are the executives of Dwelling Place Regional Community Land Trust and what are their salaries?
- Jeremy Deroo (Chief Executive Officer) [Trustee/Director]
- Kim Cross (Chief Operating Officer)
- Steve Recker (Chief Financial Officer)
- Alonda Trammell-Miller (Chief Services Officer)
- Rich Kogelschatz (Trustee)
- Lee Nelson Weber (Chairperson) [Trustee/Director]
- Doretha Ardoin (Trustee)
- Gil Segovia (Treasurer) [Trustee/Director]
- David De Velder (Director Of Community Land Trust)
Official website here: www.dpgr.org
Where can I find the form 990 for Dwelling Place Regional Community Land Trust?
The Dwelling Place Regional Community Land Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.dpgr.org
Learn more at the official website: www.dpgr.org
Mission Statement of Dwelling Place Regional Community Land Trust
Dwelling Place Regional Community Land Trust is an organization dedicated to providing opportunities for low-income individuals to secure decent, affordable housing on a long-term basis. By acting as a community land trust, Dwelling Place offers voluntary assistance to low-income working families, providing equity funding to reduce the cost of homes for income-qualified home buyers. In this arrangement, low-income households purchase and own affordably priced homes, entering into an 89-year ground lease agreement that grants them an exclusive, durable, and enforceable right to the lot where their home is situated. This lease is assignable to qualified heirs and renewable for a second 89-year term, ensuring the long-term control and affordability of the housing for these families.
Impact
This information is meant to be a general summary of Dwelling Place Regional Community Land Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Dwelling Place Regional Community Land Trust's impact lies in providing low-income individuals with the opportunity to secure decent and affordable housing that they can control on a long-term basis. By offering equity funding and facilitating the purchase of affordably priced homes through a ground lease agreement, DP CLT empowers low-income working families to become homeowners and establish a stable living situation for themselves. This initiative not only addresses the issue of housing affordability but also helps build financial stability and asset ownership among communities in Grand Rapids, MI.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$16,145
GROUND LEASE FEE
Revenue
$1,265
Organization Details
Founding Year
2020
Phone
(616) 454-0928
Principal Officer
Jeremy Deroo
Main Address
101 SHELDON BLVD SE STE 2, GRAND RAPIDS, MI, 495034262
Website
www.dpgr.org
NTEE Category
Code: L20 - Housing
If you are a representative of Dwelling Place Regional 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.