Two Rivers Community Land Trust

Organization Overview

Two Rivers Community Land Trust is located in Woodbury, MN. The organization was established in 2000. 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, Two Rivers Community Land Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Rivers 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, Two Rivers Community Land Trust generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $839.0k during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PERMANENTLY AFFORDABLE HOUSING ALTERNATIVES FOR LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND HOUSEHOLDS EARNING UP TO 80% OF MEDIAN INCOME WITHIN WASHINGTON COUNTY IN THE STATE OF MINNESOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OWNERSHIP SERVICES: PROVIDES BUYER OUTREACH, REFERRAL TO COMMUNITY HOUSING RESOURCES, TRAINING FOR POTENTIAL OCMMUNITY LAND TRUST HOMEBUYERS, FACILITATES BUYER PROCESS & CLOSING, PROVIDES POST PURCHASE SUPPORT TO OWNERS. HOUSING DEVELOPMENT: CREATES HOUSING DEVELOPMENT OPPORTUNITIES FOR NEW CONSTRUCTION & ACQUISISTION AND REHAB; NEGOTIATES PROJECTS WITH PARTNERS; DEVELOPS PROJECT PRO FORMA FOR MULTI-YEAR HOUSING DEVELOPMENT PROJECTS; NEGOTIATES FINANCING FOR PROGRAMS; RAISES HOUSING DEVELOPMENT PRIVATE & GOVERNMENT FUNDS; CREATES PARTNERSHIPS WITH CITIES & COUNTIES; FINANCIAL MANAGEMENT OF HOUSING DEVELOPMENT PROJECTS; WORKS WITH CONTRACTED SERVICE PROVIDER TO MANAGE REHAB ON UNITS.


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Board, Officers & Key Employees

Name (title)Compensation
Sherry Timmermann Goodpaster
Executive Di
$92,924
Sunny Bjorklund Schultz
Chair
$0
Gene Aho
Secretary
$0
Michael Meis
Vice Chair
$0
Alison Denoma
Treasurer
$0
Tanner Johnson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $247,369
All other contributions, gifts, grants, and similar amounts not included above$153,499
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$400,868
Total Program Service Revenue$602,523
Investment income $211
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 $1,003,602

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Two Rivers Community Land Trust has recieved totaling $89,830.

Awarding OrganizationAmount
Hugh J Andersen Foundation

Bayport, MN

PURPOSE: GENERAL OPERATING & CAPITAL SUPPORT

$44,000
Otto Bremer Trust

St Paul, MN

PURPOSE: GENERAL OPERATIONS

$40,000
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$5,830
View Grant Recipient Profile

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