Oakland Community Land Trust
- Assets
- $15.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Oakland, CA
- Founding
- 04/2010
- Data as of
- 06/2021
- 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 06/2021, Oakland Community Land Trust employed 4 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 06/2021, Oakland Community Land Trust generated $4.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 14.1% per year over the past 6 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
2021
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 |
Sasha Werblin Director | Trustee | 1 | $0 |
Clint Bolden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,810,181 |
| Noncash contributions included in lines 1a–1f | $2,406,740 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,869,066 |
| Total Program Service Revenue | $566,726 |
| Investment income | $22,555 |
| 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 | $4,458,347 |
| 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. | $15,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,279 |
| Payroll taxes | $17,437 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,261 |
| 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 | $57 |
| Interest | $205,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,548 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,205,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,622,949 |
| Savings and temporary cash investments | $1,324,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,170 |
| 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 | $14,289 |
| Net Land, buildings, and equipment | $12,106,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,401 |
| Total assets | $15,577,472 |
| Accounts payable and accrued expenses | $205,608 |
| 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 | $6,564,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,676 |
| Total liabilities | $6,830,152 |
| Net assets without donor restrictions | $6,991,226 |
| Net assets with donor restrictions | $1,756,094 |
| 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 | $15,577,472 |
Grants Awarded
Over the last fiscal year, Oakland Community Land Trust has awarded $168,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Ana, CA | | $21,000 |
Los Angeles, CA | | $21,000 |
Los Angeles, CA | | $21,000 |
Sacramento, CA | | $21,000 |
Los Angeles, CA | | $21,000 |
Sacramento, CA | | $21,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Oakland Community Land Trust has recieved totaling $949,932.
| Awarding Organization | Amount |
|---|---|
The California Endowment Los Angeles, CA PURPOSE: INCREASING POWER AND HEALTH THROUGH COMMUNITY LAND TRUSTS: TO ENHANCE ORGANIZATIONAL CAPACITY AND PARTNERSHIPS TO OPERATIONALIZE CAPITAL STRATEGIES IN ORDER TO IMPROVE THE PHYSICAL, MENTAL AND SOCIAL HEALTH OF PLACE-BASED COMMUNITIES THROUGH RESIDENT EMPOWERMENT, SELF-DETERMINATION AND THE PROVISION OF PERMANENTLY AFFORDABLE HOUSING IN CALIFORNIA. | $425,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING - FAITH-BASED DEVELOPMENT | $150,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $130,200 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR THE OAKLAND NEIGHBORS FUND, WHICH A PROVIDES UPFRONT FUNDS FOR PROPERTY PURCHASES | $100,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $48,667 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $39,650 |
Endowment Analysis
| Beg. Balance | $3,944,021 |
| Net Contributions | $437,847 |
| Other Expense | $523,034 |
| Ending Balance | $3,858,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Improvement Program Incorporated Chico, CA | $21,391,562 | $12,094,024 |
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Corporation For Better Housing Woodland Hills, CA | $296,535,247 | $11,913,598 |
Heritage Housing Partners Pasadena, CA | $46,963,988 | $3,328,873 |
Habitat For Humanity International Inc Fairfield, CA | $2,927,144 | $1,679,465 |
Rebuilding Together Sacramento Sacramento, CA | $605,075 | $1,258,303 |
Oakland Community Land Trust Oakland, CA | $15,577,472 | $4,458,347 |
Rebuilding Together Oakland Oakland, CA | $294,014 | $544,113 |
Esperanza-39th Street Partners Corporation Los Angeles, CA | $1,434,255 | $357,264 |
Los Angeles Communities Advocating For Unity Social Justice & Action Montebello, CA | $90,519 | $242,052 |
Sullivan Senior Housing Inc Portland, OR | $2,127,510 | $201,448 |
Rebuilding Together Of The City Of Angels Studio City, CA | $142,680 | $405,025 |