Asheville Buncombe Community Land Trust
- Assets
- $1.1m
- Revenue
- $553.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Asheville, NC
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-1409504
Organization Overview
Asheville Buncombe Community Land Trust is located in Asheville, NC. 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 12/2022, Asheville Buncombe Community Land Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Buncombe 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 12/2022, Asheville Buncombe Community Land Trust generated $553.2k in total revenue. All expenses for the organization totaled $229.1k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF FIRST HOME - WE SOLD OUR FIRST HOME AND EXECUTED OUR FIRST GROUND LEASE WITH RESALE RESTRICTIONS ENSURING THAT THE HOME REMAINS PERMANENTLY AFFORDABLE. PURCHASE OF ADDITIONAL PROPERTIES - WE PURCHASED TWO EXISTING HOMES IN THE EAST END NEIGHBORHOOD AND BEGAN RENOVATIONS ON BOTH. CREATION OF A HOME REPAIR PROGRAM AND A COMMUNITY AMBASSADOR PROGRAM - WE ESTABLISHED TWO NEW INITIATIVES: A HOME REPAIR PROGRAM WITHIN OUR TWO NEIGHBORHOOD-BASED FUNDS AND A COMMUNITY AMBASSADOR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Zuevskaya Executive Director | Officer | 40 | $80,080 |
Libby Kyles Board Chair | OfficerTrustee | 2 | $0 |
Renee White Vice-Chair | OfficerTrustee | 2 | $0 |
C Nicole Hinebaugh Secretary | OfficerTrustee | 2 | $0 |
Tara Brown Treasurer | OfficerTrustee | 2 | $0 |
Rev Brent La Prince Edwards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,920 |
| Related organizations | $0 |
| Government grants | $275,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,819 |
| Noncash contributions included in lines 1a–1f | $31,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,739 |
| Total Program Service Revenue | $325 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$2,091 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,223 |
| 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. | $85,327 |
| Compensation of current officers, directors, key employees. | $25,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,489 |
| Payroll taxes | $9,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,847 |
| Fees for services: Accounting | $11,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,999 |
| Advertising and promotion | $5,414 |
| Office expenses | $6,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $1,791 |
| 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 | $6,876 |
| All other expenses | $13,636 |
| Total functional expenses | $229,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,000 |
| 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 | $7,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $712,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,180 |
| Accounts payable and accrued expenses | $2,960 |
| 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 | $0 |
| Total liabilities | $2,960 |
| Net assets without donor restrictions | $880,012 |
| Net assets with donor restrictions | $174,208 |
| 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 | $1,057,180 |