Madison Area Clt Corp
- Assets
- $2.7m
- Revenue
- $118.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, WI
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 39-1680095
Organization Overview
Madison Area Clt Corp, operating under the name Madison Area Community Land Trust, is located in Madison, WI. The organization was established in 1991. 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 12/2021, Madison Area Community Land Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Area 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 12/2021, Madison Area Community Land Trust generated $118.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $99.2k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR DECENT HOUSING THAT IS AFFORDABLE TO PERSONS OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON AREA COMMUNITY LAND TRUST PROVIDES ONGOING STEWARDSHIP OF 60 HOMES AND THE LAND UNDERNEATH THEM THAT ARE KEPT PERMANENTLY AFFORDABLE UNDER THE TERMS OF THE LEASE WITH THE LAND TRUST, AND MACLT ALSO STEWARDS THE LAND UNDER 10 MARKET-RATE HOMES AS WELL AS CONSERVATION AND AGRICULTURAL LAND. IN 2021, MACLT ADDED A HOME TO OUR PROGRAM AND ALSO BEGAN A MAINTENANCE SERVICES PROGRAM THAT INVOLVES DISTRIBUTING FUNDS FOR MAINTENANCE TO THE LOW-INCOME HOMEOWNERS IN OUR HOMEOWNERSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Williams Executive Director | Officer | 30 | $39,745 |
Karen Von Huene President | OfficerTrustee | 3 | $0 |
Beth Welch Vice President | OfficerTrustee | 2 | $0 |
Shaya Shreiber Treasurer | OfficerTrustee | 1 | $0 |
Robert Paolino Secretary | OfficerTrustee | 1 | $0 |
Abha Thakkar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,931 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,606 |
| Total Program Service Revenue | $49,214 |
| 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 | $118,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,545 |
| Compensation of current officers, directors, key employees. | $6,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113 |
| Payroll taxes | $4,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,372 |
| Fees for services: Accounting | $3,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,063 |
| Advertising and promotion | $377 |
| Office expenses | $2,280 |
| Information technology | $3,099 |
| Royalties | $0 |
| Occupancy | $12,539 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,678 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,086 |
| All other expenses | $75 |
| Total functional expenses | $99,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,147 |
| 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 | $2,480 |
| Net Land, buildings, and equipment | $2,596,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $36,106 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,730,424 |
| Accounts payable and accrued expenses | $8,223 |
| 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 | $2,873,462 |
| Total liabilities | $2,881,685 |
| Net assets without donor restrictions | -$151,261 |
| 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 | $2,730,424 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison Area Clt Corp has recieved totaling $5,387.
| Awarding Organization | Amount |
|---|---|
Community Shares Of Wisconsin Inc Madison, WI PURPOSE: GENERAL SUPPORT | $5,369 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Lake View Towers Residents Association Inc Chicago, IL | $58,558,713 | $9,007,735 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Saints Incorporated Wayne, MI | $4,505,745 | $8,843,014 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |
Homes Of Opportunity Incorporated Grand Rapids, MI | $1,211,913 | $7,041,682 |
Habitat For Humanity International Inc Menasha, WI | $15,348,102 | $7,467,447 |
Habitat For Humanity International Inc Ann Arbor, MI | $11,009,731 | $7,460,340 |