Community Land Trust Of Palm Beach County
- Assets
- $7.2m
- Revenue
- -$51.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lake Worth, FL
- Founding
- 03/2007
- Data as of
- 09/2021
- EIN
- 20-5090958
Organization Overview
Community Land Trust Of Palm Beach County is located in Lake Worth, FL. 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 09/2021, Community Land Trust Of Palm Beach County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Land Trust Of Palm Beach County 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE PERMANENT SUPPLY OF HOUSING AFFORDABLE FOR VERY-LOW, LOW AND MODERATE INCOME RESIDENTS IN PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HOUSING CONSTRUCTIONCOMPLETED PHASE 2 OF THE KIRK ROAD CLT HOMES PROJECT. THIS PHASE IS COMPRISED OF TWO (2) 3BD/2BA HOMES. THE PROJECT WAS FINANCED WITH A $185K FEDERAL HOME CHDO LOAN FROM PALM BEACH COUNTY AND A $500K REVOLVING CONSTRUCTION LOAN FROM THE PALM BEACH COUNTY HOUSING FINANCE AUTHORITY. THE HOMES WERE SOLD TO UNDER THE CLT MODEL OF HOMEOWNERSHIP TO FIRST-TIME HOMEBUYERS WHOSE INCOMES DID NOT EXCEED 80% OF THE AMI.CLT OF PBC HOUSING REHAB PROGRAMBLUE CYPRESSCOMPLETED THE REHABILITATION OF A 3BD/2BA UNIT IN WEST LAKE WORTH THAT HAS BEEN SOLD UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO A HOMEBUYER WHOSE HOUSEHOLD INCOME IS BELOW 120% OF THE AMI. CLT HOMEOWNERSHIP SOLD 4 AFFORDABLE HOUSES UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO ELIGIBLE FAMILIES WITH INCOMES BELOW 80% AMI. SOLD 3 AFFORDABLE HOUSES UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO ELIGIBLE FAMILIES WITH INCOMES BELOW 120% AMI. CLT RENTALS MADE 82 AFFORDABLE RENTAL HOUSING UNITS AVAILABLE TO HOUSEHOLDS WITH INCOMES RANGING FROM 30% AMI TO 120% AMI AT DAVIS LANDINGS AND LA JOYA VILLAGES.
COVID RELIEF PROVIDED 480 GROCERY BOXES EACH COMPRISED OF A WEEK'S WORTH OF VEGETABLES, MEAT, CHEESE AND DAIRY FOR TWO PEOPLE THROUGH A PARTNERSHIP WITH PALM BEACH COUNTY OCR, LIVING HUNGRY INC., AND PBSO. SERVICE AREA EXPANSION AWARDED CONTRACT TO DEVELOP AND ADMINISTER CITY OF PORT SAINT LUCIE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindee Lacourse-Blum Executive Director | Officer | 40 | $105,332 |
Timothy P Wheat President | OfficerTrustee | 0.5 | $0 |
Hazel Lucas Vice President | OfficerTrustee | 0.5 | $0 |
Andrew Zeeman Treasurer | OfficerTrustee | 0.5 | $0 |
Silvia Ricketts Secretary | OfficerTrustee | 0.5 | $0 |
Tangenica Henry Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,256 |
| Total Program Service Revenue | $358,226 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$524,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$51,546 |
| 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. | $105,332 |
| Compensation of current officers, directors, key employees. | $21,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,019 |
| Payroll taxes | $14,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,934 |
| Fees for services: Accounting | $49,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,668 |
| Office expenses | $13,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,251 |
| Insurance | $49,649 |
| All other expenses | $0 |
| Total functional expenses | $846,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,191 |
| 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 | $7,806 |
| Net Land, buildings, and equipment | $6,016,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,237,875 |
| Accounts payable and accrued expenses | $902,764 |
| 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 | $5,906,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $793,387 |
| Total liabilities | $7,602,709 |
| Net assets without donor restrictions | -$2,644,778 |
| Net assets with donor restrictions | $2,279,944 |
| 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 | $7,237,875 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Land Trust Of Palm Beach County has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |