Overview
What is Trust Neighborhoods?
Trust Neighborhoods is a nonprofit organization dedicated to revitalizing neighborhoods experiencing decline and deterioration. They establish mixed income neighborhood trusts, known as "mints," which are community-governed housing solutions. These trusts aim to provide affordability and contribute positively to the local community. The organization's mission is to leverage growth in these areas to prevent displacement of existing residents and ultimately benefit them.
Official website here: www.trustneighborhoods.com
Is Trust Neighborhoods legitimate?
Trust Neighborhoods is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trust Neighborhoods 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: $421,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,161
For more financial information, click here
Official website here: www.trustneighborhoods.com
What is the mission statement of Trust Neighborhoods?
Trust Neighborhoods, an organization, aims to support neighborhoods experiencing decline and deterioration. Their mission is to establish mixed-income neighborhood trusts, often referred to as 'MINTs', which are community-governed housing solutions. These MINTs are designed to provide affordability and contribute to the overall benefit of the neighborhood. The organization's primary objective is to harness growth in these areas, thereby preventing displacement of existing residents and ensuring that they benefit from the development.
Official website here: www.trustneighborhoods.com
Who is the CEO of Trust Neighborhoods?
David B Kemper is the CEO of Trust Neighborhoods The CEO's salary of Trust Neighborhoods is $131,722 and their total compensation is $139,642.
Official website here: www.trustneighborhoods.com
What is the revenue of Trust Neighborhoods?
Trust Neighborhoods's revenue in 2023 was $4,245,454.
Official website here: www.trustneighborhoods.com
Who are the executives of Trust Neighborhoods and what are their salaries?
The average compensation at Trust Neighborhoods during 2023 was $101,080. There are 7 employees and 4 volunteers at Trust Neighborhoods.
Here are 7 key members and their salaries (Trust Neighborhoods's CEO's salary is $131,722 and their total compensation is $139,642):
- Compensation: $131,722
- Related: $0
- Other: $7,920
- Compensation: $131,589
- Related: $0
- Other: $9,554
- Compensation: $131,642
- Related: $0
- Other: $8,974
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $123,894
- Related: $0
- Other: $8,793
Official website here: www.trustneighborhoods.com
Where can I find the form 990 for Trust Neighborhoods?
Trust Neighborhoods's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.trustneighborhoods.com
Learn more at the official website: www.trustneighborhoods.com
Mission Statement of Trust Neighborhoods
Trust Neighborhoods, an organization dedicated to community welfare, works towards establishing mixed income neighborhood trusts, often referred to as "MINTs." Their mission is to help neighborhoods in decline and deterioration by creating these trusts. The primary objective is to provide affordable housing while also benefiting the existing community. By harnessing growth and preventing displacement, Trust Neighborhoods aims to ensure that existing residents continue to thrive in their neighborhoods.
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Impact
October, 2024
Trust Neighborhoods has a profound impact on communities by establishing mixed income neighborhood trusts, known as MINTS, which focus on creating affordable housing while fostering community governance. By targeting neighborhoods experiencing decline, Trust Neighborhoods facilitates the development of sustainable, community-led solutions that not only provide housing affordability but also enhance the overall neighborhood environment.
These MINTS empower residents to participate in the decision-making processes that affect their homes and communities, ensuring that local needs and preferences shape development. This approach helps prevent displacement as neighborhoods grow, allowing existing residents to benefit from revitalization efforts rather than being pushed out by rising costs.
Through this model, Trust Neighborhoods promotes a more equitable landscape where diverse income groups can coexist, strengthening social ties and community resilience. Ultimately, the initiative addresses critical housing challenges while nurturing a sense of ownership and connectedness among residents, which contributes to long-term neighborhood improvement and stability.
This information is meant to be a general summary of Trust Neighborhoods. 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: $589
- Program Service Revenue: $64,167
- Gross Receipts: $4,245,454
Assets and Liabilities:
- Total Assets: $1,394,026
- Total Liabilities: $298,487
- Net Assets: $1,095,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE/FEE INCOME
Revenue
$64,167
Organization Details
Founding Year
2020
Principal Officer
David Kemper
Website
www.trustneighborhoods.comNTEE Category
Code: S20 - Community improvement
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