Lehigh Valley Community Land Trust
- Assets
- $516.9k
- Revenue
- $24.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 26-4840272
Organization Overview
Lehigh Valley Community Land Trust is located in Bethlehem, PA. The organization was established in 2010. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Lehigh Valley 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 06/2021, Lehigh Valley Community Land Trust generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $6.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (47.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO CREATE AND PRESERVE AFFORDABLE HOMES FOR WORKING FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LVCLT ACQUIRES HOMES AND THEIR RESPECTIVE PROPERTIES THROUGH A VARIETY OF CHANNELS, RENOVATES THESE HOMES IN AN ENERGY-EFFICIENT MANNER AND SELLS THE HOMES TO INCOME QUALIFIED APPLICANTS IN ITS PROGRAM. THE LAND IS HELD PERMANENTLY BY THE ORGANIZATION TO ENSURE PERPETUAL AFFORDABILITY. UNLIKE MANY OTHER HOME PROVIDERS, LVCLT IS COMMITTED TO PROMOTING LONG-TERM SELF- SUFFICIENCY AND SUCCESS WITH HOMEOWNERS. HOMEOWNER SUPPORT IS PROVIDED BOTH BEFORE AND AFTER THE PURCHASE OF A HOME. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. DEVELOPED AND IMPLEMENTED A NEW MODEL OF HOMEOWNERSHIP, WHERE PERMANENT AFFORDABILITY AND OWNER-OCCUPANCY ARE PRESERVED BY DEED RESTRICTIONS RATHER THAN A GROUND LEASE. THIS WILL ALLOW LAND TRUST HOMEOWNERS TO OWN BOTH THE HOME AND THE LAND. REVISED THE FORMULA GOVERNING THE RESALE OF LAND TRUST HOMES TO ALLOW HOMEOWNERS INCREASED EQUITY AT RESALE, PROVIDING THEM GREATER ACCESS TO THE WEALTH-BUILDING POTENTIAL OF HOMEOWNERSHIP. THESE CHANGES REFLECT THE FIRST MAJOR REVISION OF THE LAND TRUST PROGRAM SINCE ITS 2010 INCORPORATION. THE LEHIGH VALLEY COMMUNITY LAND TRUST IS A SEPARATELY-INCORPORATED SUBSIDIARY OF CACLV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hartney Vp- Acting P | OfficerTrustee | 2 | $0 |
Lisa Borick Secretary/ T | OfficerTrustee | 2 | $0 |
Dawn Godshall Executive Di | Officer | 2 | $0 |
Alan Jennings Former Exec | Officer | 2 | $0 |
Judy Hunsicker Board Member | Trustee | 2 | $0 |
Amanda Raudenbush Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | -$1,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,928 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425 |
| Advertising and promotion | $0 |
| Office expenses | $6 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $329,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,909 |
| Accounts payable and accrued expenses | $0 |
| 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 | $209 |
| Total liabilities | $209 |
| Net assets without donor restrictions | $412,680 |
| Net assets with donor restrictions | $104,020 |
| 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 | $516,909 |
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