Fb Community Land Trust Inc
- Assets
- $438.1k
- Revenue
- $74.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 04/2018
- Data as of
- 06/2021
- EIN
- 82-1388918
Organization Overview
Fb Community Land Trust Inc is located in Buffalo, NY. The organization was established in 2018. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fb Community Land Trust Inc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PERMANENTLY AFFORDABLE HOUSING AND GENERATE COMMUNITY WEALTH THROUGH COLLECTIVE OWNERSHIP OF LAND IN THE HISTORIC FRUIT BELT NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE SUMMER OF 2020, FRUIT BELT COMMUNITY LAND TRUST IN PARTNERSHIP WITH HABITAT FOR HUMANITY BROKE GROUND ON THE CONSTRUCTION OF TWO HOMES IN THE TARGET AREA OF THE FRUIT BELT NEIGHBORHOOD.
REHABILITATION OF TWO HOMES TO PROVIDE AFFORDABLE HOUSING IN THE FRUIT BELT NEIGHBORHOOD IN BUFFALO, NY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Simeon Executive Di | Officer | 20 | $8,523 |
Zaid Islam President | OfficerTrustee | 2 | $0 |
Barrett Brandi Vice-Chair | OfficerTrustee | 2 | $0 |
Robert Knoer Secretary | OfficerTrustee | 2 | $0 |
Annette Lott Treasurer | OfficerTrustee | 2 | $0 |
Brandi Barrett Vice-President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,721 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $74,721 |
| 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 | $84,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,184 |
| Payroll taxes | $6,737 |
| Fees for services: Management | $61,126 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,439 |
| Office expenses | $9,479 |
| Information technology | $1,055 |
| Royalties | $0 |
| Occupancy | $1,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $927 |
| All other expenses | $51 |
| Total functional expenses | $137,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $319 |
| Net Land, buildings, and equipment | $37,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,123 |
| Accounts payable and accrued expenses | $34,269 |
| Grants payable | $0 |
| Deferred revenue | $257,858 |
| 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 | $292,127 |
| Net assets without donor restrictions | $145,996 |
| 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 | $438,123 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fb Community Land Trust Inc has recieved totaling $157,920.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $53,960 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $53,960 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Committee Of Cape Cod & Islands Inc Hyannis, MA | $2,759,831 | $21,367,135 |
Community Action Inc Haverhill, MA | $8,979,922 | $19,940,316 |
The Promesa Housing Development Fund Corporation Bronx, NY | $39,360,301 | $8,538,986 |
Spanish American Civic Association For Equality Inc Lancaster, PA | $3,870,631 | $8,827,092 |
Northwest Bronx Community And Clergy Coalition Inc Bronx, NY | $5,985,223 | $6,738,060 |
Pennsylvania Rural Electric Assoc Harrisburg, PA | $2,337,852 | $4,606,290 |
O D A Community Development Corp Brooklyn, NY | $670,721 | $3,199,814 |
Citizens Committee For New York City Inc New York, NY | $7,691,250 | $2,979,222 |
Pennsylvania Rural Water Assn Bellefonte, PA | $3,869,851 | $3,373,669 |
Warren-Hamilton Counties Action Committee For Economic Opportunity Glens Falls, NY | $823,409 | $2,609,574 |
Vital Communities Inc White River Junction, VT | $1,663,364 | $2,954,150 |
Polish American Citizens Association Of Cambridge Incorpora Danvers, MA | $0 | $0 |