Near West Community Land Trust Inc
- Assets
- $710.8k
- Revenue
- $79.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-1857031
Organization Overview
Near West Community Land Trust Inc is located in Cleveland, OH. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Near West Community Land Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEAR WEST COMMUNITY LAND TRUST PROVIDES HIGH-QUALITY, PERMANENTLY AFFORDABLE HOMES FOR BOTH RENTERS AND HOMEOWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEAR WEST COMMUNITY LAND TRUST CURRENTLY OWNS 4 UNITS OF RENTAL HOUSING AS WELL AS 5 PARCELS LEASED TO HOMEOWNERS ON THE NEAR WEST SIDE OF CLEVELAND. THE TRUST IS ACTIVELY WORKING TOWARD DEVELOPING NEW SINGLE FAMILY FOR-SALE PERMANENTLY AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME RESIDENTS. FOR-SALE UNITS WILL SAFEGUARD AFFORDABILITY OF UNITS THROUGH 99 -YEAR LAND LEASES, WHERE THE TRUST WILL CONTINUE TO OWN THE LAND, WHILE SELLING THE IMPROVEMENTS ON THE LAND TO HOMEOWNERS. RENTAL UNITS WILL BE OWNED BY THE TRUST IN ORDER TO CONTROL THEIR AFFORDABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Carden Vice Preside | OfficerTrustee | 3 | $0 |
Sharhonda Greer Trustee | Trustee | 1 | $0 |
Daniel Imfeld Trustee | Trustee | 1 | $0 |
Seronica Powell Trustee | Trustee | 1 | $0 |
Isaac Robb President | OfficerTrustee | 3 | $0 |
Phillip Studmire Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,900 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,018 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,826 |
| Fees for services: Legal | $1,359 |
| Fees for services: Accounting | $80 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,263 |
| Advertising and promotion | $0 |
| Office expenses | $2,276 |
| Information technology | $2,432 |
| Royalties | $0 |
| Occupancy | $21,548 |
| Travel | $0 |
| 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 | $6,210 |
| Insurance | $3,951 |
| All other expenses | $0 |
| Total functional expenses | $44,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| 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 | $619,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $710,842 |
| Accounts payable and accrued expenses | $2,881 |
| 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 | $8,725 |
| Total liabilities | $11,606 |
| Net assets without donor restrictions | $699,236 |
| 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 | $710,842 |