Irvine Community Land Trust

Organization Overview

Irvine Community Land Trust is located in Irvine, CA. The organization was established in 2007. 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 06/2022, Irvine Community Land Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irvine 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 06/2022, Irvine Community Land Trust generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO LESSEN THE BURDENS OF GOVERNMENT BY, AMONG OTHER THINGS, DEVELOPING, CONSTRUCTING, FINANCING, MANAGING, SELLING, RENTING, SUBSIDIZING, AND MONITORING SINGLE AND MULTI-FAMILY HOUSING, AND BY HOLDING IN-PERPETUITY, LAND AND ASSETS FOR AFFORDABLE HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE IRVINE COMMUNITY LAND TRUSTS THREE LARGEST PROGRAM SERVICES TO DATE HAVE BEEN TO 1) SUBSIDIZE DEVELOPMENT COSTS FOR AFFORDABLE MULTI-FAMILY RENTAL PROJECTS AND 2)ACQUIRE, REHABILITATE AND RENT AT AN AFFORDABLE COST SCATTERED SITE HOUSING UNITS AND 3)ACQUIRE LAND FOR DEVELOPMENT AS AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony Kuo
Chairpresident
$0
Mark Asturias
Exec Director
$0
Ryan Aeh
Vice-President
$0
Nancy Donnelly
Secretary Treas
$0
Patrick Strader
Board Member Director
$0
Tammy Kim
Director
$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$766,925
Investment income $462,255
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$72,079
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 $1,157,101

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Irvine Community Land Trust has recieved totaling $9,186.

Awarding OrganizationAmount
Shelter Partnership Inc

Los Angeles, CA

PURPOSE: TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS

$9,186
View Grant Recipient Profile

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