Atlanta Land Tr Inc
- Assets
- $4.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 04/2012
- Data as of
- 12/2020
- EIN
- 90-0605040
Organization Overview
Atlanta Land Tr Inc is located in Atlanta, GA. The organization was established in 2012. 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, Atlanta Land Tr Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Land Tr 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 12/2020, Atlanta Land Tr Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.8% each year . All expenses for the organization totaled $480.1k during the year ending 12/2020. While expenses have increased by 50.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER AND STEWARD PERMANENTLY AFFORDABLE HOUSING TO SUPPORT INCLUSIVE, EQUITABLE COMMUNITIES NEAR THE ATLANTA BELTLINE AND OTHER TARGETED AREAS IN THE CITY OF ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ATLANTA LAND TRUST COLLABORATES WITH COMMUNITIES TO CO-CREATE SOLUTIONS TO THEIR AFFORDABLE HOUSING CHALLENGES WITH THE GOAL OF CREATING 300 PERMANENTLY AFFORDABLE, ENERGY-EFFICIENT HOMES BY 2025. IN 2021 ALT CONTINUED TO ADVANCE PREDEVELOPMENT ACTIVITIES FOR THREE LARGER-SCALE, NEW DEVELOPMENT PROJECTS: 1091 TUCKER AVENUE, 1024 DONNELLY AVENUE AND 697 FAYETTEVILLE ROAD. SPECIFICALLY, ALT CLOSED ON THE ACQUISITION OF THE 3.5-ACRE SITE AT 1024 DONNELLY AVENUE, FILED LAND DISTURBANCE PERMIT FOR 1091 TUCKER AVENUE, AND COMPLETED REZONING OF 697 FAYETTEVILLE ROAD. SEE FURTHER INFORMATION ON SCHEDULE O.
THE ATLANTA LAND TRUST STRIVES TO BE A COMMUNITY-CENTERED 'TRUSTED PARTNER' WITH A PROVEN MODEL AND CAPACITY TO PARTNER WITH COMMUNITIES. WE WORKED TO EXPAND AWARENESS AND UNDERSTANDING OF ALT AND THE COMMUNITY LAND TRUST MODEL SO THAT ALT WILL BE RECOGNIZED AS THE GO-TO ORGANIZATION FOR PERMANENTLY AFFORDABLE HOUSING IN ATLANTA. IN 2021 ALT HOSTED 11 MONTHLY COMMUNITY INFORMATION SESSIONS AND ATTENDED OVER 100 COMMUNITY MEETINGS. THROUGH THESE ACTIVITIES WE HAVE BEEN ABLE TO GROW OUR PIPELINE OF HOMEBUYERS TO OVER 175 PEOPLE. ALT ALSO HELD POST-PURCHASE EDUCATIONAL PROGRAMMING FOR HOMEOWNERS AND HOSTED TWO CONTINUING EDUCATION CLASSES FOR REAL ESTATE AGENTS.
THE ATLANTA LAND TRUST WORKS TO CREATE A FAVORABLE ENVIRONMENT FOR CLT DEVELOPMENT BY ADVOCATING FOR SUPPORTIVE LONG-TERM AFFORDABLE HOUSING POLICY AND FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Rhein Executive Director | Officer | 50 | $176,800 |
Rob Brawner Vice Chair | OfficerTrustee | 3 | $0 |
Dawn Arnold Chair - Beg Sept '21 | OfficerTrustee | 2 | $0 |
Jim Schroder Treasurer | OfficerTrustee | 2 | $0 |
Kate Little Secretary - Beg Sept '21 | OfficerTrustee | 2 | $0 |
Trish O'connell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,231,009 |
| Investment income | $1,482 |
| 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 | $3,260,412 |
| Statement of Expenses | |
|---|---|
| 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. | $195,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,436 |
| Pension plan accruals and contributions | $5,299 |
| Other employee benefits | $11,518 |
| Payroll taxes | $18,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,072 |
| Fees for services: Accounting | $19,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,270 |
| Advertising and promotion | $0 |
| Office expenses | $2,499 |
| Information technology | $1,325 |
| Royalties | $0 |
| Occupancy | $6,427 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $327 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,287 |
| All other expenses | $0 |
| Total functional expenses | $480,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,553 |
| Savings and temporary cash investments | $203,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,463,811 |
| 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 | $3,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $512,220 |
| Total assets | $4,432,788 |
| Accounts payable and accrued expenses | $47,536 |
| Grants payable | $0 |
| Deferred revenue | $1,420 |
| 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 | $180,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $553 |
| Total liabilities | $229,509 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,203,279 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Atlanta Land Tr Inc has recieved totaling $1,326,823.
| Awarding Organization | Amount |
|---|---|
Kendeda Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $435,000 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: IMPROVING ACCESS TO EQUITY THROUGH PERMANENTLY AFFORDABLE HOUSING | $100,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT FOR PERMANENT AFFORDABLE HOUSING IN ATLANTA | $85,000 |
Kendeda Fund Wilmington, DE PURPOSE: OPERATING RESERVE FUND | $55,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $2,345,171 |
| Other Expense | $1,458,680 |
| Ending Balance | $886,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian College Clinton, SC | $178,788,042 | $82,344,801 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
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 |