Chicago Community Land Trust
- Assets
- $3.4m
- Revenue
- $513.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 01-0883062
Organization Overview
Chicago Community Land Trust is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Community Land Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Chicago Community Land Trust generated $513.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $439.8k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHICAGO COMMUNITY LAND TRUST (CCLT) IS TO PROVIDE AND SUSTAIN QUALITY, AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND A COMMUNITY OF SUPPORT FOR WORKING FAMILIES AND INDIVIDUALS IN CHICAGO AND TO PRESERVE THESE OPPORTUNITIES FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACTIVITIES INCLUDE COMMUNITY OUTREACH AND MARKETING TO INFORM LOW-INCOME WORKING FAMILIES ABOUT AFFORDABLE PURCHASE OPPORTUNITIES THROUGH THE ORGANIZATION; PROVISION OF HOMEBUYER RESOURCES INCLUDING BUYER EDUCATION ON THE ORGANIZATION OWNERSHIP MODEL AND TRAINING FOR MORTGAGE LENDERS, ATTORNEYS AND OTHER REAL ESTATE PROFESSIONALS; AND POST PURCHASE HOMEOWNER SUPPORT AND MONITORING TO ENSURE THAT THE ORGANIZATION OWNERS ARE STABILIZED IN THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Novara Ex-Officio Director | Trustee | 3 | $0 |
Jennie Fronzczak Executive Director | Officer | 40 | $107,772 |
Joy Aruguete President | OfficerTrustee | 2 | $0 |
William W Towns Vice President | OfficerTrustee | 2 | $0 |
Calvin Holmes Treasurer | OfficerTrustee | 3 | $0 |
Ciere Boatright Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $508,856 |
| Total Program Service Revenue | $0 |
| Investment income | $4,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,098 |
| Compensation of current officers, directors, key employees. | $6,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,684 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,356 |
| Fees for services: Accounting | $24,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,486 |
| Office expenses | $1,031 |
| Information technology | $517 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,504 |
| All other expenses | $0 |
| Total functional expenses | $439,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,160,210 |
| Pledges and grants receivable | $106,096 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $968,847 |
| Prepaid expenses and deferred charges | $3,142 |
| Net Land, buildings, and equipment | $132,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,371,280 |
| Accounts payable and accrued expenses | $85,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,774 |
| Net assets without donor restrictions | $1,525,309 |
| Net assets with donor restrictions | $1,760,197 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,371,280 |