Houston Community Land Trust
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 83-1135085
Organization Overview
Houston Community Land Trust is located in Houston, TX. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston 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 06/2021, Houston Community Land Trust generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 67.4% each year . All expenses for the organization totaled $675.1k during the year ending 06/2021. While expenses have increased by 17.4% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT-MAKE AFFORDABLE HOMEOWNERSHIP ACHEIVABLE FOR LIMITED-INCOME HOUSEHOLDS IN HOUSTON, TEXAS, BY CONNECTING INCOME-QUALIFIED HOMEBUYERS WITH PERPETUALLY AFFORDABLE HOMES IN NEIGHBORHOODS ACROSS HOUSTON, TEXAS. PROVIDE STEWARDSHIP SERVICES AND LONG- TERM SUPPORT NECESSARY FOR HOMEBUYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Allen Executive Di | 40 | $113,890 | |
Assata Richards President | 0 | $0 | |
Redrick Edwards Director | 0 | $0 | |
Adelle Main Director | 0 | $0 | |
Rey Guerra Vp/treasurer | 0 | $0 | |
Diana Del Pilar Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,190,364 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,683 |
| Total Revenue | $2,257,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,890 |
| Other employee salaries and wages | $248,531 |
| Pension plans, employee benefits | $97,737 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $37,636 |
| Occupancy | $38,803 |
| Travel, conferences, and meetings | $2,883 |
| Printing and publications | $0 |
| Other expenses | $65,876 |
| Total operating and administrative expenses | $675,107 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $675,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,796 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,746 |
| Net Pledges Receivable | $700,000 |
| Grants receivable | $215,545 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,427 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,046,727 |
| Other assets | $5,351 |
| Total assets | $2,535,592 |
| Accounts payable and accrued expenses | $16,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $166,565 |
| Total liabilities | $182,565 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Houston Community Land Trust has recieved totaling $1,220,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $700,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $500,000 |
Grounded Solutions Network Oakland, CA | | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |