Inland Equity Community Land Trust
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $16.0
- Employees
- 3
- Location
- Palm Desert, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4985523
Organization Overview
Inland Equity Community Land Trust, operating under the name Inland Equity Partnership, is located in Palm Desert, CA. 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 12/2023, Inland Equity Partnership employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Equity Partnership 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 12/2023, Inland Equity Partnership generated $1.2m in total revenue. All expenses for the organization totaled $234.7k during the year ending 12/2023. While expenses have increased by 16.7% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INLAND EQUITY COMMUNITY LAND TRUST IS DEDICATED TO THE SOCIAL AND CHARITABLE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY, AFFORDABLE AND ENVIRONMENTALLY SUSTAINABLE HOUSING SO PEOPLE CAN THRIVE IN THE COMMUNITY WHERE THEY LIVE AND WORK. WHEN FEASIBLE, THE CORPORATION WILL USE LONG-TERM LAND USE RESTRICTIONS AND LONG-TERM GROUND LEASES AS A TOOL TO PROVIDE AND PRESERVE AFFORDABLE RENTAL AND OWNERSHIP HOUSING AND TO CREATE HOMEOWNERSHIP OPPORTUNITIES FOR PEOPLE WHO FALL UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTS DEFINITION OF HOUSING COST BURDENED AS DEFINED IN 2018.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH AND EDUCATION ABOUT REDISTRICTING FOR CALIFORNIA STATE, RIVERSIDE COUNTY AND SOME CITIES IN THE INLAND EMPIRE. WE GATHERED PUBLIC COMMENTS AND BUILD COMMUNITY INTEREST IN THE REDISTRICTING PROCESS.
OUTREACH AND EDUCATION ABOUT CALIFORNIA HOUSING AND COMMUNITY DEVELOPMENT'S NEW REQUIREMENTS FOR LOCAL JURISDICTION'S HOUSING ELEMENTS.
OUTREACH AND EDUCATION ABOUT THE CALIFORNIA EITC TO ENCOURAGE ELIGIBLE PEOPLE TO APPLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anabel Nevarez President | OfficerTrustee | 4 | $0 |
Gabriella Armenta Vice-President | OfficerTrustee | 4 | $0 |
Matthew Snyder Secretary | OfficerTrustee | 4 | $0 |
Candy Doss Treasurer | OfficerTrustee | 4 | $0 |
Blanca Lopez Parliamentarian | Trustee | 4 | $0 |
Penny Newman Advisory Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $840 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,433 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,200,921 |
| 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 | $22,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,794 |
| Compensation of current officers, directors, key employees. | $14,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,787 |
| Advertising and promotion | $474 |
| Office expenses | $3,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,306 |
| Travel | $3,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $702 |
| Interest | $17,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,501 |
| All other expenses | $104 |
| Total functional expenses | $234,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $100,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,137,027 |
| Accounts payable and accrued expenses | $101 |
| 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 | $100,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,996 |
| Net assets without donor restrictions | $1,036,031 |
| 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 | $1,137,027 |