Houston Community Land Trust
- Assets
- $3.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-1135085
Organization Overview
Houston Community Land Trust is located in Houston, TX. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston 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 06/2022, Houston Community Land Trust generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $994.7k during the year ending 06/2022. While expenses have increased by 24.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT-MAKE AFFORDABLE HOMEOWNERSHIP ACHEIVABLE FOR LIMITED-INCOME HOUSEHOLDS IN HOUSTON, TEXAS, BY CONNECTING INCOME-QUALIFIED HOMEBUYERS WITH PERPETUALLY AFFORDABLE HOMES IN NEIGHBORHOODS ACROSS HOUSTON, TEXAS. PROVIDE STEWARDSHIP SERVICES AND LONG- TERM SUPPORT NECESSARY FOR HOMEBUYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Assata Richards President | 2 | $0 | |
Rey Guerra Vp/treasurer | 2 | $0 | |
Ladonna Parker Director | 2 | $0 | |
Elaine Morales Secretary | 2 | $0 | |
Whitney Crayton Director | 2 | $0 | |
Donald Bell Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,361,512 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,166 |
| Total Revenue | $1,474,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,000 |
| Other employee salaries and wages | $336,005 |
| Pension plans, employee benefits | $151,893 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $37,636 |
| Occupancy | $39,167 |
| Travel, conferences, and meetings | $1,667 |
| Printing and publications | $0 |
| Other expenses | $225,068 |
| Total operating and administrative expenses | $994,650 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $994,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,103 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,529 |
| Net Pledges Receivable | $390,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,762 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,113,091 |
| Other assets | $0 |
| Total assets | $2,958,485 |
| Accounts payable and accrued expenses | $23,494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $101,936 |
| Total liabilities | $125,430 |