City Roots Community Land Trust Inc
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, NY
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-3543369
Organization Overview
City Roots Community Land Trust Inc is located in Rochester, NY. The organization was established in 2016. As of 12/2021, City Roots Community Land Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Roots Community Land Trust 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 12/2021, City Roots Community Land Trust Inc generated $1.3m in total revenue. All expenses for the organization totaled $381.1k during the year ending 12/2021. While expenses have increased by 65.7% per year over the past 2 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
PURCHASING AND DEVELOPING RESIDENTIAL PROPERTIES TO PROMOTE AFFORDABLE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY ROOTS WORKS TO SECURE PERMANENT AFFORDABLE HOUSING FOR ALL NEIGHBORHOODS IN ROCHESTER. CITY ROOTS IS COMMITTED TO DEVELOPMENT WITHOUT DISPLACEMENT, CONTINUING TO PURCHASE PROPERTIES AND ENSURE THAT AFFORDABLE HOMES WILL PERMANENTLY EXIST IN AREAS FACING INCREASING HOUSING PRICES. IN ADDITION TO AFFORDABLE HOUSING, CITY ROOTS ENGAGES IN COMMUNITY CONTROL TECHNIQUES THAT ALLOW COMMUNITY MEMBERS TO TAKE THE LEAD IN IMPROVING NOT ONLY THEIR HOMES, BUT ALSO THEIR NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Di Fiore Executive Director | Officer | 40.4 | $64,333 |
Melissa Marquez President | OfficerTrustee | 0.8 | $0 |
Elizabeth Mcgriff Vice President | OfficerTrustee | 0.7 | $0 |
Dr Cynthia Cole Secretary | OfficerTrustee | 0.7 | $0 |
Burt Betchart Treasurer | OfficerTrustee | 1 | $0 |
Shane Wiegand Director | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $607,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $610,689 |
| Noncash contributions included in lines 1a–1f | $60,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,217,972 |
| Total Program Service Revenue | $115,800 |
| 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 | $1,334,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,842 |
| Compensation of current officers, directors, key employees. | $57,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $913 |
| Payroll taxes | $14,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,059 |
| Advertising and promotion | $2,026 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,214 |
| Insurance | $18,669 |
| All other expenses | $4,393 |
| Total functional expenses | $381,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $107,287 |
| Accounts receivable, net | $19,706 |
| 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 | $8,907 |
| Net Land, buildings, and equipment | $883,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,350 |
| Total assets | $1,407,359 |
| Accounts payable and accrued expenses | $10,502 |
| Grants payable | $0 |
| Deferred revenue | $13,784 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,350 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $51,817 |
| Other liabilities | $0 |
| Total liabilities | $80,453 |
| Net assets without donor restrictions | $1,058,802 |
| Net assets with donor restrictions | $268,104 |
| 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 | $1,407,359 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that City Roots Community Land Trust Inc has recieved totaling $565,548.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $250,000 |
Esl Charitable Foundation Inc Rochester, NY PURPOSE: DEVELOPMENT WITHOUT DISPLACEMENT: TRANSFORMING DERELICT PROPERTIES INTO COMMUNITY-CONTROLLED ASSETS | $250,000 |
Marie C And Joseph C Wilson Foundation Inc Pittsford, NY PURPOSE: HOUSING DEVELOPMENT | $65,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |