Atlanta Land Tr Inc
- Assets
- $13.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 90-0605040
Organization Overview
Atlanta Land Tr Inc is located in Atlanta, GA. The organization was established in 2012. 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, Atlanta Land Tr Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Land Tr Inc 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, Atlanta Land Tr Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.4% each year . All expenses for the organization totaled $633.2k during the year ending 12/2022. While expenses have increased by 21.8% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING TO SUPPORT INCLUSIVE, EQUITABLE COMMUNITIES NEAR THE ATLANTA BELTLINE AND OTHER TARGETED AREAS IN THE CITY OF ATLANTA.
Describe the Organization's Program Activity:
THE ATLANTA LAND TRUST COLLABORATES WITH COMMUNITIES TO CO-CREATE SOLUTIONS TO THEIR AFFORDABLE HOUSING CHALLENGES WITH THE GOAL OF CREATING 300 PERMANENTLY AFFORDABLE, ENERGY-EFFICIENT HOMES BY 2025. IN 2022 ALT CONTINUED TO ADVANCE THE DEVELOPMENT OF THREE AFFORDABLE TOWNHOME COMMUNITIES: 1091 TUCKER AVENUE, 1024 DONNELLY AVENUE AND 697 FAYETTEVILLE ROAD. IN 2022, ALT COMMENCED CONSTRUCTION ON PHASE 1 OF 1091 TUCKER AVENUE, CLOSED ON THE ACQUISITION AND FINANCING OF THE 2-ACRE SITE AT 697 FAYETTEVILLE ROAD AND COMPLETED REZONING AND ENTITLEMENTS FOR 1024 DONNELLY AVENUE. SEE FURTHER INFORMATION ON SCHEDULE O
THE ATLANTA LAND TRUST STRIVES TO BE A COMMUNITY-CENTERED 'TRUSTED PARTNER' WITH A PROVEN MODEL AND CAPACITY TO PARTNER WITH COMMUNITIES. WE WORKED TO EXPAND AWARENESS AND UNDERSTANDING OF ALT AND THE COMMUNITY LAND TRUST MODEL SO THAT ALT WILL BE RECOGNIZED AS THE GO-TO ORGANIZATION FOR PERMANENTLY AFFORDABLE HOUSING IN ATLANTA. IN 2022 ALT HOSTED 11 MONTHLY COMMUNITY INFORMATION SESSIONS AND ATTENDED OVER 100 COMMUNITY MEETINGS. SEE FURTHER INFORMATION ON SCHEDULE O
THE ATLANTA LAND TRUST WORKS TO CREATE A FAVORABLE ENVIRONMENT FOR CLT DEVELOPMENT BY ADVOCATING FOR SUPPORTIVE LONG-TERM AFFORDABLE HOUSING POLICY AND FUNDING. ALT WORKED TO DRAFT LEGISLATION TO BE INTRODUCED AT THE STATE LEVEL PROVIDING NONPROFIT ORGANIZATIONS PROPERTY TAX EXEMPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Rhein Executive Director | OfficerTrustee | 50 | $184,973 |
Kyle Lamont Director | Trustee | 2 | $0 |
Lisa Bennett Director | Trustee | 2 | $0 |
Dawn Luke Chair | OfficerTrustee | 2 | $0 |
Cass Brewer Director | Trustee | 2 | $0 |
Rob Brawner Vice-Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kronberg Urbanists Architects Architect | 12/30/22 | $189,390 |
Coxe Curry Associates Consultant | 12/30/22 | $103,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,219,394 |
| Noncash contributions included in lines 1a–1f | $3,850,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,249,394 |
| Total Program Service Revenue | $59,605 |
| Investment income | $1,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,510,406 |
| 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. | $204,815 |
| Compensation of current officers, directors, key employees. | $10,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,696 |
| Pension plan accruals and contributions | $3,753 |
| Other employee benefits | $12,299 |
| Payroll taxes | $20,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $170,923 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,776 |
| Advertising and promotion | $1,267 |
| Office expenses | $6,278 |
| Information technology | $196 |
| Royalties | $0 |
| Occupancy | $1,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,397 |
| All other expenses | $0 |
| Total functional expenses | $633,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,443,624 |
| Savings and temporary cash investments | $1,005,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $732,915 |
| 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 | $3,874 |
| Net Land, buildings, and equipment | $7,144,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $708,417 |
| Total assets | $13,038,602 |
| Accounts payable and accrued expenses | $149,864 |
| Grants payable | $0 |
| Deferred revenue | $6,695 |
| 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 | $2,676,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,910 |
| Total liabilities | $2,837,112 |
| Net assets without donor restrictions | $3,725,732 |
| Net assets with donor restrictions | $6,475,758 |
| 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 | $13,038,602 |