Swap Community Land Trust Inc
- Assets
- $245.2k
- Revenue
- $288.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 05-0453207
Organization Overview
Swap Community Land Trust Inc is located in Providence, RI. The organization was established in 1991. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Swap Community Land Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE PRODUCTION OF AFFORDABLE HOUSING THROUGH DEVELOPMENT, CONSULTING, AND PROPERTY MANAGEMENT FOR THE PURPOSE OF IMPROVING INNER CITY NEIGHBORHOOD BY WORKING WITH RESIDENTS TO PROMOTE THE REHABILITATION AND RENOVATION OF VACANT AND ABANDONED HOUSES. THE TRUST ALSO ASSISTS ON AFFORDABLE HOUSING COMPONENTS OF MASTER PLANNED DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Destefano Executive Director | 1 | $0 | |
Peter Bortolotti President | 0.25 | $0 | |
Rosetta Clark Brooks Vice President | 0.25 | $0 | |
Graham Kilvert Treasurer | 0.25 | $0 | |
Nancy Whit Secretary | 0.25 | $0 | |
Jeff Austin Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,942 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $216,688 |
| Total Revenue | $288,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $382 |
| Printing and publications | $0 |
| Other expenses | $881 |
| Total operating and administrative expenses | $285,763 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $285,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,485 |
| Savings and temporary cash investments | $2,000 |
| Net Accounts receivable | $25,695 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $245,180 |
| Accounts payable and accrued expenses | $18,504 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,827 |
| Total liabilities | $26,331 |