Overview
What is Opal Community Land Trust?
Opal Community Land Trust is a nonprofit organization situated in Eastsound, Washington. Its primary mission is to preserve Orcas Island's economic diversity and overall health by supplying permanently affordable housing and associated educational and support services for local residents, particularly families, seniors, and singles whose housing needs are not catered to by the conventional market. The organization engages in housing development activities, constructing and renting or selling properties at affordable prices. Their workforce comprises nine dedicated individuals, and they offer housing counseling services as part of their commitment to the community.
Official website here: www.opalclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star rating
Opal Community Land Trust has achieved an impressive 99% score with a Four-Star rating, indicating a high level of accountability and financial health. The organization boasts a perfect Accountability & Finance Score of 100, with all board members being independent, ensuring transparent governance. Their financial practices are well-regarded, with no material diversion of assets reported and a strong program expense ratio, reflecting their commitment to effective resource allocation.
The nonprofit also excels in community engagement, as evidenced by a Culture & Community Score of 95 and perfect ratings in constituent feedback collection and usage. This highlights their responsiveness to the community's needs and their focus on equity strategies, though there is slight room for improvement in their equity policies and processes.
While Opal Community Land Trust is performing exceptionally well overall, the data suggests that continued attention to enhancing equity policies could further strengthen their impact. Their strong financial standing and commitment to community feedback place them in a favorable position within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Opal Community Land Trust legitimate?
Opal Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opal 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: $117,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $495,947
For more financial information, click here
Official website here: www.opalclt.org
What is the mission statement of Opal Community Land Trust?
The Opal Community Land Trust aims to sustain a healthy and economically diverse community by offering permanently affordable homes and related educational and supportive resources to families, seniors, and singles whose housing needs are not met by the traditional market. This organization engages in housing development, developing land and houses that are affordable to low to moderate income households. Additionally, they provide housing counseling and related support services to assist individuals in need.
Official website here: www.opalclt.org
Who is the CEO of Opal Community Land Trust?
Minor Lile is the Trustee of Opal Community Land Trust.
Official website here: www.opalclt.org
What is the revenue of Opal Community Land Trust?
Opal Community Land Trust's revenue in 2022 was $3,972,940.
Official website here: www.opalclt.org
Who are the executives of Opal Community Land Trust and what are their salaries?
The average compensation at Opal Community Land Trust during 2022 was $68,214. There are 9 employees and 55 volunteers at Opal Community Land Trust.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,000
- Related: $0
- Other: $7,976
Official website here: www.opalclt.org
Where can I find the form 990 for Opal Community Land Trust?
Opal Community Land Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opalclt.org
Learn more at the official website: www.opalclt.org
Mission Statement of Opal Community Land Trust
Opal Community Land Trust is a mission-driven organization dedicated to sustaining a healthy and economically diverse community on Orcas Island. Their primary goal is to address the housing needs of families, seniors, and singles whose requirements are not met by the traditional market. To achieve this, Opal Community Land Trust engages in housing development, developing land and houses for rent or purchase that are affordable for low to moderate income households. In addition to their housing initiatives, they also provide housing counseling and related support services to assist their residents. By doing so, the organization aims to contribute to the overall well-being of Orcas Island, ensuring that it remains a vibrant and inclusive community for all its inhabitants.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Opal Community Land Trust plays a vital role in sustaining Orcas Island as a healthy, economically diverse community by providing permanently affordable homes and related education and support for islanders. Through their housing development initiatives, they develop land and houses that are accessible to low to moderate-income households. This ensures that families, seniors, and singles who are underserved by the traditional market have access to housing that meets their needs. Additionally, Opal Community Land Trust offers housing counseling and support services to further assist individuals in securing affordable housing. Their impact is significant in addressing the housing challenges faced by the community on Orcas Island.
This information is meant to be a general summary of Opal 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: $102,348
- Program Service Revenue: $591,191
- Gross Receipts: $3,990,742
Assets and Liabilities:
- Total Assets: $33,080,547
- Total Liabilities: $6,439,049
- Net Assets: $26,641,498
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$393,373
LEASE FEES
Revenue
$175,570
HOUSE SALES
Revenue
$21,052
DEVELOPER FEES
Revenue
$1,196
Organization Details
Founding Year
1989
Phone
(360) 376-3191Principal Officer
Minor Lile
Main Address
PO BOX 1133, EASTSOUND, WA, 98245
Website
www.opalclt.orgNTEE Category
Code: L200 - Housing
If you are a representative of Opal 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.