Durham Community Land Trustees Inc
- Assets
- $15.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Durham, NC
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 56-1203878
Organization Overview
Durham Community Land Trustees Inc is located in Durham, NC. The organization was established in 1979. 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. As of 06/2022, Durham Community Land Trustees Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Community Land Trustees Inc 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, Durham Community Land Trustees Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 9.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILD STRONG COMMUNITIES BY DEVELOPING, MANAGING, AND ADVOCATING FOR PERMANENT AFFORDABLE HOUSING THAT OFFERS DURHAM RESIDENTS WITH LOW TO MODERATE INCOMES A STABLE FOUNDATION FOR ACHIEVING ECONOMIC SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selina Mack Executive Di | Officer | 40 | $86,833 |
Rochelle Araujo Vice Preside | OfficerTrustee | 1 | $0 |
Diane Catotti Secretary | OfficerTrustee | 1 | $0 |
Armeer Kenchen Treasurer | OfficerTrustee | 1 | $0 |
Happy Sayre-Mccord President | OfficerTrustee | 1 | $0 |
Lucia Constantine Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B J Commercial Residential Svcs Repairs/upgrade | 6/29/21 | $186,035 |
Rsg Property Services Llc Property Mgt | 6/29/21 | $100,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,026,753 |
| Total Program Service Revenue | $1,392,987 |
| Investment income | $2,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,820 |
| Net Income from Fundraising Events | $5,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,326 |
| 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 | $590,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,485 |
| Payroll taxes | $49,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,347 |
| Advertising and promotion | $0 |
| Office expenses | $4,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,500 |
| Travel | $418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $296,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,908 |
| Insurance | $127,961 |
| All other expenses | $7,797 |
| Total functional expenses | $2,261,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,790 |
| Savings and temporary cash investments | $1,986,562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,177 |
| 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 | $447 |
| Net Land, buildings, and equipment | $13,481,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,062 |
| Total assets | $15,575,971 |
| Accounts payable and accrued expenses | $52,099 |
| 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 | $8,974,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $426,053 |
| Total liabilities | $9,452,157 |
| Net assets without donor restrictions | $5,344,785 |
| Net assets with donor restrictions | $779,029 |
| 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 | $15,575,971 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Durham Community Land Trustees Inc has recieved totaling $362,363.
| Awarding Organization | Amount |
|---|---|
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $260,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $56,443 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $41,200 |
Mary Duke Biddle Foundation Durham, NC PURPOSE: 2021 COVID RELIEF | $2,500 |
Adele And Willard Gidwitz Family Foundation Durham, NC PURPOSE: GENERAL SUPPORT | $2,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |