Overview
What is East New York Clt Inc?
East New York CLT, a nonprofit organization situated in Brooklyn, NY, is led by local advocates and community members with a shared vision. Their mission is to safeguard and expand the availability of affordable housing, small businesses, and green spaces in East New York and Brownsville, primarily benefiting low- to moderate-income residents who identify as Black and brown. To accomplish this, East New York CLT aims to acquire land and lease it out to building owners and other community-oriented organizations, thereby preserving affordability for future generations and fostering generational wealth in the community.
Official website here: www.eastnewyorkclt.org
Is East New York Clt Inc legitimate?
East New York Clt Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East New York Clt Inc submitted a form 990EZ, 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.eastnewyorkclt.org
What is the mission statement of East New York Clt Inc?
East New York CLT, an organization composed of community leaders and advocates, has a mission to safeguard, stabilize, and expand the supply of affordable housing, locally-owned businesses, and green spaces. This is aimed at benefiting low- to moderate-income residents, primarily of Black and brown descent. The organization seeks to acquire land and lease it out to building owners and community-based organizations to preserve affordability for future generations. By doing so, East New York CLT aims to foster generational wealth within the Brooklyn, NY community.
Official website here: www.eastnewyorkclt.org
What is the revenue of East New York Clt Inc?
East New York Clt Inc's revenue in 2023 was $1,283,341.
Official website here: www.eastnewyorkclt.org
Who are the executives of East New York Clt Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.eastnewyorkclt.org
Where can I find the form 990 for East New York Clt Inc?
East New York Clt Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eastnewyorkclt.org
Learn more at the official website: www.eastnewyorkclt.org
Mission Statement of East New York Clt Inc
East New York CLT, a collective of community leaders and activists, is driven by a mission to safeguard, stabilize, and expand the supply of reasonably priced homes, small businesses, and green spaces in East New York and Brownsville. This mission is primarily aimed at serving low- to moderate-income individuals who identify as Black and brown. The organization's goal is to acquire land and lease it to property owners and other community-based organizations, thereby preserving affordability for future generations and fostering generational wealth within Brooklyn, New York.
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Impact
October, 2024
East New York CLT Inc plays a vital role in safeguarding and enhancing the community's assets in East New York and Brownsville. By focusing on the preservation and expansion of affordable housing, the organization directly addresses the pressing issue of housing instability for low- to moderate-income, Black and brown residents. Their approach of owning land and leasing it to community-focused building owners promotes long-term affordability, ensuring that housing remains accessible for future generations.
Additionally, by supporting locally-owned small businesses and green spaces, East New York CLT fosters economic development and community well-being. This not only enhances the livability of the neighborhood but also empowers residents by creating opportunities for generational wealth. Their commitment to stabilizing the community's resources is crucial for creating a sustainable and equitable environment in Brooklyn, NY.
This information is meant to be a general summary of East New York Clt Inc. 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: $128
- Gross Receipts: $1,283,341
Assets and Liabilities:
- Total Assets: $101,844
- Total Liabilities: $0
- Net Assets: $101,844
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Organization Details
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