Milwaukee Community Land Trust Ltd
- Assets
- $388.0k
- Revenue
- $158.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Milwaukee, WI
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3276401
Organization Overview
Milwaukee Community Land Trust Ltd is located in Milwaukee, WI. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Milwaukee Community Land Trust Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER NEIGHBORHOODS AND NEIGHBORHOOD ORGANIZATIONS IN MILWAUKEE TO USE THE COMMUNITY LAND TRUST MODEL TO SUPPORT PERMANENTLY AFFORDABLE HOUSING, COMMUNITY CONTROL OVER REAL ESTATE, AND DEVELOPMENT WITHOUT DISPLACEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHANGING THE NORMAL PROCESS OF HOMEBUYING TO MAKE HOUSING PERMANENTLY AFFORDABLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lamont Davis Executive Di | Officer | 40 | $72,229 |
Russell Borkin President | Officer | 10 | $0 |
Teresa Thomas Boyd Vice Preside | Officer | 5 | $0 |
Dana Williamson Treasurer | Trustee | 2 | $0 |
Bethany Sanchez Board Member | Trustee | 6 | $0 |
Dean Muller Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,108 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $158,113 |
| 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 | $72,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,526 |
| 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 | $43,138 |
| Advertising and promotion | $1,184 |
| Office expenses | $219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,950 |
| All other expenses | $116 |
| Total functional expenses | $136,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,365 |
| Savings and temporary cash investments | $5,031 |
| Pledges and grants receivable | $200,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,652 |
| Total assets | $388,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $289,028 |
| 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 | $0 |
| Total liabilities | $289,028 |
| Net assets without donor restrictions | $99,020 |
| Net assets with donor restrictions | $0 |
| 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 | $388,048 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Milwaukee Community Land Trust Ltd has recieved totaling $230,000.
| Awarding Organization | Amount |
|---|---|
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $150,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING SUPPORT | $40,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING SUPPORT | $40,000 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |