Fb Community Land Trust Inc
- Assets
- $221.8k
- Revenue
- $839.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/2018
- Data as of
- 06/2022
- 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
2022
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
CONSTRUCTION OF TWO HOMES TO PROVIDE AFFORDABLE HOUSING IN THE FRUIT BELT NEIGHBORHOOD IN BUFFALO, NEW YORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandi Barrett Resigned Nov 21 Board President | OfficerTrustee | 2 | $16,487 |
Stephanie Simeon Executive Director | OfficerTrustee | 20 | $78,845 |
Elverna Gidney Eff March 22 Board President | OfficerTrustee | 1 | $0 |
Candace Moppins Vice President | OfficerTrustee | 2 | $0 |
Amy Holt Secretary | OfficerTrustee | 2 | $0 |
Shirley Sapp-Burgess Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $979 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $819,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,278 |
| Total Program Service Revenue | $11,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,800 |
| 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 | $839,782 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,365 |
| Fees for services: Accounting | $18,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,761 |
| Advertising and promotion | $500 |
| Office expenses | $3,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,147 |
| Travel | $10,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,556 |
| All other expenses | $480 |
| Total functional expenses | $777,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,677 |
| 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 | $922 |
| 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 | $221,788 |
| Accounts payable and accrued expenses | $12,565 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $13,165 |
| Net assets without donor restrictions | $208,623 |
| 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 | $221,788 |