Cass Clay Community Land Trust
- Assets
- $2.0m
- Revenue
- $802.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- Data as of
- 12/2022
- EIN
- 83-4077611
Organization Overview
Cass Clay Community Land Trust is located in Fargo, ND. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Cass Clay 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, Cass Clay Community Land Trust generated $802.6k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SAFEGUARD LAND/ACQUIRE TO PROVIDE AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, CCCLT STAFF, BOARD MEMBERS, AND OTHER VOLUNTEERS:(1)DEVELOPED & SOLD FOUR AFFORDABLE, OWNER-OCCUPIED HOMES IN PARTNERSHIP WITH OTHER NON-PROFITS AND LOCAL GOVERNMENT. (2)VOLUNTEER SELECTION AND STEWARDSHIP COMMITTEES WERE CREATED AND ACTIVATED. (3)DEVELOPED AND FORMALIZED PARTNERSHIPS WITH OTHER NON-PROFITS FOR PROGRAM PURPOSES. (4)PILOTED HOME REHAB PROGRAM BY PURCHASING AND REHABBING ONE UNIT. (5)SECURED SIX PROPERTIES FOR FUTURE DEVELOPMENT OF HOMES TO ADD TO PORTFOLIO. (6)BEGAN FORMAL RESEARCH OF SHARIA-COMPLIANT LENDING OPTION NEEDS AND STRATEGIES THAT MEET THE ISLAMIC FINANCE LAW REQUIREMENTS OF MANY PROSPECTIVE CCCLT HOMEBUYERS. (7)ENTERED INTO MOU WITH NON-PROFIT PARTNER TO CONVERT A MULTI-UNIT RENTAL DEVELOPMENT INTO OWNER-OCCUPIED HOMES BEGINNING 2021.
IN 2022, CCCLT STAFF, BOARD MEMBERS, AND OTHER VOLUNTEERS:(1)DEVELOPED & SOLD ONE AFFORDABLE, OWNER-OCCUPIED HOME IN PARTNERSHIP WITH OTHER NON-PROFITS AND LOCAL GOVERNMENT. (2)VOLUNTEER SELECTION AND STEWARDSHIP COMMITTEES WERE CREATED AND ACTIVATED. (3)DEVELOPED AND FORMALIZED PARTNERSHIPS WITH OTHER NON-PROFITS FOR PROGRAM PURPOSES. (4)PURCHASED AND BEGAN REHAB ON ONE UNIT. (5)SECURED 17 PROPERTIES FOR FUTURE DEVELOPMENT OF HOMES TO ADD TO PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocky Schneider President | OfficerTrustee | 0.75 | $0 |
Cindy Gray Board Secretary | OfficerTrustee | 0.75 | $0 |
John Gunkelman Vice President | OfficerTrustee | 0.75 | $0 |
Marilyn Guy Director | Trustee | 0.5 | $0 |
John Strand Director | Trustee | 0.5 | $0 |
Zach Jastram Board Treasurer | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $562,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,349 |
| Noncash contributions included in lines 1a–1f | $61,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,849 |
| Total Program Service Revenue | $103,075 |
| Investment income | $133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,550 |
| Net Gain/Loss on Asset Sales | $42,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $802,632 |
| 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. | $95,420 |
| Compensation of current officers, directors, key employees. | $4,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,328 |
| Pension plan accruals and contributions | $2,738 |
| Other employee benefits | $2,050 |
| Payroll taxes | $11,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,731 |
| 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 | $0 |
| Advertising and promotion | $6,065 |
| Office expenses | $7,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,663 |
| Travel | $410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $758 |
| Interest | $16,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,248 |
| All other expenses | $9 |
| Total functional expenses | $268,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $567,095 |
| Accounts receivable, net | $36,600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,138,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,017,356 |
| Accounts payable and accrued expenses | $45,861 |
| 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 | $539,377 |
| Other liabilities | $6,550 |
| Total liabilities | $591,788 |
| Net assets without donor restrictions | $1,348,654 |
| Net assets with donor restrictions | $76,914 |
| 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 | $1,085,566 |
| Total liabilities and net assets/fund balances | $2,017,356 |