Overview
What is Kulshan Community Land Trust?
Kulshan Community Land Trust is a nonprofit organization located in Bellingham, Washington, with an address at 1303 Commercial Street 6. Its mission is to strengthen the community and support the local economy by providing secure and affordable access to land and homeownership for households of modest means. To achieve this, the trust builds new affordable housing, rehabilitates existing homes, and holds land in trust to create permanently affordable housing. Additionally, it offers educational and financial services to people of modest means. Kulshan Community Land Trust, with a team of seven employees, operates in the state of Washington, assisting qualified families in purchasing houses and condominiums.
Official website here: www.kulshanclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Kulshan Community Land Trust has demonstrated a solid performance with an overall score of 89%, reflecting strengths in accountability and finance, where it received a score of 90%. The organization boasts a fully independent board and has effectively managed its financial oversight, as indicated by high marks for its audit and oversight committee. Additionally, concerns around asset diversion are non-existent, and the organization maintains transparency through listed financial statements and board meeting minutes.
However, while the organization excels in many areas, it faces challenges in its culture and community score, which stands at 82%. Notably, the absence of a whistleblower policy could be a red flag in terms of internal governance. Moreover, the equity strategies score is a moderate 73, with particularly low marks in equity policies and processes, signaling room for improvement in inclusivity and equity practices. Overall, while Kulshan Community Land Trust is largely effective and accountable, it should address governance and equity concerns to enhance its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Kulshan Community Land Trust legitimate?
Kulshan Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kulshan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,171
For more financial information, click here
Official website here: www.kulshanclt.org
What is the mission statement of Kulshan Community Land Trust?
The Kulshan Community Land Trust, in its mission, works towards strengthening communities and supporting local economies by providing secure and affordable access to land and homeownership for households of modest means. To achieve this, the trust builds new affordable housing, rehabilitates existing ones, and holds land in trust to create permanently affordable housing. In addition, they offer educational and financial services to individuals of modest means. The organization aids qualified families in purchasing houses and condominiums within the state of Washington.
Official website here: www.kulshanclt.org
Who is the CEO of Kulshan Community Land Trust?
Dean Fearing is the Trustee of Kulshan Community Land Trust.
Official website here: www.kulshanclt.org
What is the revenue of Kulshan Community Land Trust?
Kulshan Community Land Trust's revenue in 2022 was $1,789,576.
Official website here: www.kulshanclt.org
Who are the executives of Kulshan Community Land Trust and what are their salaries?
The average compensation at Kulshan Community Land Trust during 2022 was $51,453. There are 7 employees and 4 volunteers at Kulshan Community Land Trust.
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Official website here: www.kulshanclt.org
Where can I find the form 990 for Kulshan Community Land Trust?
Kulshan Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kulshanclt.org
Learn more at the official website: www.kulshanclt.org
Mission Statement of Kulshan Community Land Trust
Kulshan Community Land Trust is dedicated to strengthening communities and supporting local economies by ensuring secure, affordable access to land and homeownership for households of modest means. The organization's mission is multifaceted, encompassing the construction of new affordable housing, the rehabilitation of existing properties, and the preservation of land in trust to create permanently affordable housing options. Kulshan Community Land Trust also provides educational and financial services to individuals and families within this income bracket. By assisting qualified families in the purchase of houses and condominiums in Washington State, the organization aims to contribute to a more equitable and sustainable housing market.
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Impact
July, 2024
Kulshan Community Land Trust strengthens our community by providing secure affordable access to land and homeownership for households of modest means in Bellingham, Washington. They build new affordable housing, rehabilitate existing housing, and hold land in trust to create permanently affordable housing. Additionally, they provide educational and financial services to people of modest means. Their impact is felt through the increased availability of affordable housing options, empowering more families to achieve homeownership and stability in their communities.
This information is meant to be a general summary of Kulshan 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: $1,581
- Program Service Revenue: $134,610
- Gross Receipts: $1,795,798
Assets and Liabilities:
- Total Assets: $9,301,406
- Total Liabilities: $3,761,403
- Net Assets: $5,540,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE FEES AND RENTAL
Revenue
$71,454
PROGRAM INCOME AND FEE
Revenue
$54,656
DEVELOPER FEES
Revenue
$8,500
Organization Details
Founding Year
1999
Phone
(360) 671-5600Principal Officer
Dean Fearing
Main Address
1303 COMMERCIAL STREET 6, BELLINGHAM, WA, 98225
Website
www.kulshanclt.orgNTEE Category
Code: L200 - Housing
If you are a representative of Kulshan 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.