24 1 Community Land Trust
- Assets
- $27.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pine Lawn, MO
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-5284861
Organization Overview
24 1 Community Land Trust is located in Pine Lawn, MO. The organization was established in 2011. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. 24 1 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, 24 1 Community Land Trust generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
24:1 COMMUNITY LAND TRUST (CLT) PROVIDES LAND TRUST STEWARDSHIP IN THE NORMANDY SCHOOLS COLLABORATIVE TO ADDRESS THE COMMUNITY'S NEEDS OF AFFORDABLE HOUSING, HOME OWNERSHIP, ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD STABILIZATION. CLT IS A SUPPORTING ORGANIZATION TO BEYOND HOUSING, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING ORGANIZATION TO BEYOND HOUSING, INC., THE 24:1 COMMUNITY LAND TRUST (CLT) WORKS IN PARTNERSHIP WITH BEYOND HOUSING TO SUPPORT THEIR HOUSING AND ECONOMIC DEVELOPMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Krehmeyer President | OfficerTrustee | 2 | $0 |
Jacqueline Buck-Horton Member | Trustee | 2 | $0 |
Wray Clay Secretary | OfficerTrustee | 2 | $0 |
Gail Cutts Member | Trustee | 2 | $0 |
Thomas Jones Jr Member | Trustee | 2 | $0 |
Sheena Bowers Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hill And Sons Investment Construction | 12/30/19 | $654,350 |
Dj Contracting Llc Construction | 12/30/19 | $382,300 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $939,778 |
| Investment income | $62,705 |
| 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 | $1,098,444 |
| 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 | $271,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,608 |
| Payroll taxes | $24,642 |
| Fees for services: Management | $12,757 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,338 |
| Advertising and promotion | $0 |
| Office expenses | $107,239 |
| Information technology | $4,108 |
| Royalties | $0 |
| Occupancy | $78,473 |
| Travel | $1,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106 |
| Interest | $58,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,788 |
| Insurance | $118,164 |
| All other expenses | $69,099 |
| Total functional expenses | $1,974,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $514,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,674,964 |
| Inventories for sale or use | $12,829 |
| Prepaid expenses and deferred charges | $45,398 |
| Net Land, buildings, and equipment | $23,196,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,000,000 |
| Intangible assets | $0 |
| Other assets | $41,017 |
| Total assets | $27,581,292 |
| Accounts payable and accrued expenses | $43,972 |
| Grants payable | $0 |
| Deferred revenue | $244,910 |
| 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 | $1,701,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $662,286 |
| Total liabilities | $2,652,938 |
| Net assets without donor restrictions | $25,089,985 |
| Net assets with donor restrictions | -$161,631 |
| 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 | $27,581,292 |