Africatown Community Land Trust
- Assets
- $18.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Seattle, WA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 82-1710458
Organization Overview
Africatown Community Land Trust is located in Seattle, WA. The organization was established in 2019. 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 12/2021, Africatown Community Land Trust employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africatown 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 12/2021, Africatown Community Land Trust generated $4.8m in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 83.8% per year over the past 4 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
ACQUIRE, STEWARD, DEVELOP LAND ASSETS IN THE GREATER SEATTLE AREA TO PRESERVE AND SUPPORT SEATTLES BLACK/AFRICAN DIASPORA COMMUNITY. WORK WITH LOCAL STAKEHOLDERS AND THE CITY OF SEATTLE TO PROVIDE AFFORDABLE HOUSING FOR VULNERABLE, DISADVANTAGED SEATTLE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFRICATOWN COMMUNITY LAND TRUST (ACLT) COMPLETED A $13.8 MILLION ACQUISITION OF THE FORMER KEIRO REHABILITATION CENTER,A FULL BLOCK IN THE HEART OF THE CENTRAL DISTRICT PREVIOUSLY SLATED FOR MARKET-RATE DEVELOPMENT.IN THE MIDST OF SEATTLES HOMELESSNESS CRISIS, BENU COMMUNITY HOME WILL MAKE USE OF THE EXISTING FACILITIESBY ESTABLISHING A CULTURALLY RESPONSIVE SHELTER FOCUSED ON REDUCING THE DISPROPORTIONATE OVER-REPRESENTATION OF UNSHELTERED, BLACK MEN WITHIN THE POPULATION. ACLT RECEIVED FUNDING FROM CITY OF SEATTLE HUMAN SERVICES DEPARTMENT AND KING COUNTY REGIONAL HOMELESS AUTHORITY.HOSTED SEVERAL COMMUNITY LISTENING AND OUTREACH SESSIONS TO ADDRESS CONCERNS AND DISCUSS PLANS FOR BENU COMMUNITY HOME.BENU COMMUNITY HOME STAFF WELCOMED ITS FIRST GROUP OF 30 COMMUNITY RESIDENTS ON DECEMBER 1ST 2021.
WILLIAM GROSE CENTER FOR CULTURAL INNOVATION AND ENTERPRISE, HOUSED IN THE ICONIC FIRE STATION 6 BUILDING, THE WILLIAM GROSE CENTER WILL BE AN ECONOMIC INCUBATOR THAT SUPPORTS ENTREPRENEURSHIP AND WORKFORCE DEVELOPMENT. IN THE LEGACY OF EARLY SEATTLE PIONEER, REAL ESTATE DEVELOPER AND FOUNDER OF THE CENTRAL DISTRICT, WILLIAM GROSE, THE CENTER WILL CARRY HIS LEGACY INTO THE FUTURE WITH AN EMPHASIS ON INNOVATION THROUGH TRAINING THE NEXT GENERATION OF TECH LEADER.WORKED WITH UW PAUL ALLEN SCHOOL OF COMPUTER SCIENCE TO DEVELOP YOUTH TECH EDUCATION PROGRAMMING AND PARTNERED WITH RENTON TECHNICAL COLLEGE TO PROVIDE ONSITE HIGH SCHOOL PLUS PROGRAMMING. COMPLETED PLANNING PERMITTING FOR PHASE ONE RENOVATIONS AND HIRED COMMUNITY-BASED CONTRACTORS TO START WORK FOR 2022 OPENING.
AFRICATOWN PLAZA IS A SIGNIFICANT ASSET IN SEATTLES EQUITABLE DEVELOPMENT LANDSCAPE WITH FEATURES THATWILL MAKE IT AN ARTS AND CULTURAL DESTINATION FOR THE BLACK COMMUNITY IN ADDITION TO PROVIDING MUCHNEEDED AFFORDABLE HOUSING.THE SEVEN-STORY, MIXED-USE BUILDING WILL OFFER A COMMUNITY ROOM, OFFICE AND RETAIL SPACES, AND APARTMENTS FOR HOUSEHOLDS EARNING UP TO 60% OF SEATTLES AREA MEDIAN INCOME. SELECTED ARTWORK FOR THE SITE FROM LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS WITH A FOCUS ON HEALING AND COMMUNITY CONNECTION. COMPLETED DESIGN AND PERMITTING PROCESS.
THE ORGANIZATIONS OTHER PROGRAM SERVICE ACTIVITIES INCLUDE ACLT SAFETY, YOUTH ACHIEVEMENT CENTER, COVID-19 ASSISTANCE AND COMMUNITY EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Wyking Garrett Chief Executive Officer | Officer | 50 | $131,192 |
Micheal John Green Treasurer | OfficerTrustee | 4 | $0 |
Andrea Caupain Secretary | OfficerTrustee | 4 | $0 |
Jacqueline Armstrong Vice Chair | OfficerTrustee | 4 | $0 |
Margo Jones Chair | OfficerTrustee | 4 | $0 |
Saviour Knowledge Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,924,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,829 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,611,662 |
| Total Program Service Revenue | $2,080,444 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,741 |
| 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 | $4,812,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| Grants and other assistance to domestic individuals. | $85,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,192 |
| Compensation of current officers, directors, key employees. | $11,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $484,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,326 |
| Payroll taxes | $54,392 |
| 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 | $32,863 |
| Advertising and promotion | $18,899 |
| Office expenses | $67,741 |
| Information technology | $10,298 |
| Royalties | $0 |
| Occupancy | $97,707 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,152 |
| Interest | $187,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,801 |
| Insurance | $63,325 |
| All other expenses | $0 |
| Total functional expenses | $2,083,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $600,000 |
| 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 | $114,117 |
| Net Land, buildings, and equipment | $15,584,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,151,651 |
| Total assets | $18,901,202 |
| Accounts payable and accrued expenses | $172,191 |
| 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 | $15,075,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $489,079 |
| Total liabilities | $15,736,270 |
| Net assets without donor restrictions | $3,164,932 |
| 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 | $18,901,202 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Africatown Community Land Trust has recieved totaling $530,008.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $144,648 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: EMERGENCY ACTION FOR RESIDENTS & PARTNERS STABILITY | $115,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $79,000 |
Satterberg Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
The Seattle Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT/COVID-19 RELIEF EFFORTS | $50,000 |
Crescent Collaborative Seattle, WA PURPOSE: ANTI-DISPLACEMENT | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |
Habitat For Humanity International Inc Spokane, WA | $8,447,142 | $6,994,226 |
Homestead Community Land Trust Seattle, WA | $27,329,923 | $6,114,332 |
Network For Oregon Affordable Housing Portland, OR | $195,654,493 | $8,548,248 |
Catholic Charities Housing Services Diocese Of Yakima Yakima, WA | $29,693,210 | $6,976,540 |