Oakland Community Land Trust
- Assets
- $20.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Oakland, CA
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 32-0285788
Organization Overview
Oakland Community Land Trust is located in Oakland, CA. 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. As of 06/2022, Oakland Community Land Trust employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland 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 06/2022, Oakland Community Land Trust generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
COMBATINQ COMMUNITY DETERIORATION AND EXPANDING HOUSING AND ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS; PROMOTING NEIGHBORHOOD STABILITY AND COMMUNITY INVOLVEMENT THROUGH PERMANENTLY AFFORDABLE HOMEOWNERSHIP AND EQUITY SHARING OPTIONS; SUPPORTING DEVELOPMENT OF COMMERCIAL AND RETAIL FACILITIES THAT SERVE WORKING FAMILIES. STRIVING TO FOSTER LEADERSHIP THROUGH A RESPONSIBLE AND INFORMED BOARD OF COMMUNITY MEMBERS. SERVE AS A VOICE FOR LOW AND MODERATE INCOME OAKLAND RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXPANDS AND PRESERVES HOUSING AND ECONOMIC DEVELOPMENT OPPORTUNITIES FOR BLACK, INDIGENOUS, OTHER COMMUNITIES OF COLOR, AND LOW-INCOME RESIDENTS OF OAKLAND. IT ACQUIRES LAND, HOUSING, AND OTHER CRITICAL COMMUNITY-SERVING REAL ESTATE AND STEWARDS THEM IN TRUST TO ENSURE THAT THEY REMAIN AFFORDABLE FOREVER. IT CREATES INNOVATIVE SHARED-EQUITY OWNERSHIP STRUCTURES THAT BALANCE THE NEEDS OF INDIVIDUALS AND FAMILIES TO BUILD WEALTH WITH THE LONG-TERM GOAL OF PERMANENTLY PRESERVING AFFORDABILITY. IT FOSTERS LEADERSHIP AND BUILDS RESIDENT POWER THROUGH AN ENGAGED BOARD OF OAKCLT RESIDENTS AND COMMUNITY MEMBERS TO ENACT A VISION OF RESIDENT-CONTROLLED DEVELOPMENT ON COMMUNITY-OWNED LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kinq Executive Director | 40 | $94,153 | |
Junious Williams President | OfficerTrustee | 1 | $0 |
Anne Griffith Vice President | OfficerTrustee | 1 | $0 |
Shekinah Samaya-Thomas Secretary/treas | OfficerTrustee | 1 | $0 |
Clint Bolden Director | Trustee | 1 | $0 |
Phoenix Mangrum Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,112,906 |
| Noncash contributions included in lines 1a–1f | $175,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,028 |
| Total Program Service Revenue | $586,869 |
| Investment income | -$141,152 |
| 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 | $2,663,745 |
| 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. | $102,864 |
| Compensation of current officers, directors, key employees. | $14,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,959 |
| Payroll taxes | $27,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,643 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $67,518 |
| 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 | $3,863 |
| Interest | $217,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,831 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,569,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,456,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,820 |
| 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 | $15,239 |
| Net Land, buildings, and equipment | $16,414,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,345 |
| Total assets | $20,517,124 |
| Accounts payable and accrued expenses | $320,486 |
| 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 | $10,281,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,988 |
| Total liabilities | $10,675,243 |
| Net assets without donor restrictions | $7,561,783 |
| Net assets with donor restrictions | $2,280,098 |
| 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 | $20,517,124 |
Grants Awarded
Over the last fiscal year, Oakland Community Land Trust has awarded $84,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRUST SOUTH LA | | | $21,000 |
FIDEICOMISO COMUNITARIO TIERR | | | $21,000 |
SACRAMENTO CLT | | | $21,000 |
THRIVE SANTA ANA | | | $21,000 |