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Commonwealth Land Trust Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222753637 ✦ Roxbury, MA ✦ Designated as a 501(c)(3)

Overview

What is Commonwealth Land Trust Inc?

Commonwealth Land Trust Inc is a nonprofit organization situated in Roxbury, Massachusetts, specifically at 1059 Tremont Street Suite 2. Their primary mission is to provide safe and affordable housing for society's most vulnerable populations, including low-income families, single parents, the mentally and physically disabled, the homeless, and individuals with HIV and AIDS. Their operations encompass the management of both residential and commercial rental properties, catering to these groups. The organization's asset management business oversees these properties to ensure they are well-maintained and functioning effectively. With a workforce of 65 employees, Commonwealth Land Trust Inc plays a crucial role in addressing housing needs within its community.


Official website here: www.commonwealthlandtrust.org

Is Commonwealth Land Trust Inc legitimate?

Commonwealth Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Land Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,132,875

For more financial information, click here


Official website here: www.commonwealthlandtrust.org

What is the mission statement of Commonwealth Land Trust Inc?

Commonwealth Land Trust Inc's mission is centered around providing safe and affordable housing for those most in need within society. This includes low-income families, single parents, individuals with mental and physical disabilities, the homeless, and people living with HIV and AIDS. To accomplish this, the organization engages in real estate operations, overseeing the management of residential and commercial rental properties serving the needs of homeless and low to moderate income families.


Official website here: www.commonwealthlandtrust.org

Who is the CEO of Commonwealth Land Trust Inc?

Iva Comey is the President/Ceo of Commonwealth Land Trust Inc. The CEO's salary of Commonwealth Land Trust Inc is $180,229 and their total compensation is $180,768.


Official website here: www.commonwealthlandtrust.org

What is the revenue of Commonwealth Land Trust Inc?

Commonwealth Land Trust Inc's revenue in 2022 was $7,239,229.


Official website here: www.commonwealthlandtrust.org

Who are the executives of Commonwealth Land Trust Inc and what are their salaries?

The average compensation at Commonwealth Land Trust Inc during 2022 was $32,813. There are 65 employees at Commonwealth Land Trust Inc.

Here are 14 key members and their salaries (Commonwealth Land Trust Inc's CEO's salary is $180,229 and their total compensation is $180,768):

    Iva Comey (President/Ceo) [Trustee/Director]
  • Compensation: $180,229
  • Related: $0
  • Other: $539

    • Monica Juscen (Cfo)
  • Compensation: $124,435
  • Related: $0
  • Other: $1,608

    • Brenda Wilson (Dir Of Housing)
  • Compensation: $112,201
  • Related: $0
  • Other: $1,341

    • Elise Ranger (Dir Of Clinical Services)
  • Compensation: $111,838
  • Related: $0
  • Other: $201

    • Steve Wilkens (Dir Of Outreach)
  • Compensation: $107,237
  • Related: $0
  • Other: $1,281

    • Alberto Chang Lcsw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexander Schultz (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexandra Schweitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr S Atyia Martin Cem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Henderson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marva Serotkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Hale (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamirirashe Gambiza (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Wall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.commonwealthlandtrust.org

    Where can I find the form 990 for Commonwealth Land Trust Inc?

    The Commonwealth Land Trust Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.commonwealthlandtrust.org

    Learn more at the official website: www.commonwealthlandtrust.org

    Mission Statement of Commonwealth Land Trust Inc

    Commonwealth Land Trust Inc, a nonprofit organization, is dedicated to providing safe and affordable housing for some of society's most vulnerable individuals. This includes low-income families, single parents, individuals with mental and physical disabilities, the homeless, and people living with HIV and AIDS. In its mission to address this critical need, the organization engages in real estate operations. This encompasses its asset management business, which oversees the operations of both residential and commercial rental properties, catering to homeless and low to moderate income families. By offering secure housing solutions, Commonwealth Land Trust Inc aims to contribute positively to its community and ensure that everyone has a roof over their heads, regardless of their circumstances.

    Impact

    This information is meant to be a general summary of Commonwealth Land Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Commonwealth Land Trust Inc's impact is significant in providing safe, affordable housing for vulnerable populations in society. Through its low-income housing initiatives, the organization serves homeless individuals, low to moderate income families, single-parent households, the mentally and physically disabled, as well as those living with HIV and AIDS. By overseeing the operations of residential and commercial rental properties, Commonwealth Land Trust Inc plays a crucial role in ensuring that these marginalized groups have access to stable housing options.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $853
  • Program Service Revenue: $3,579,619
  • Gross Receipts: $7,239,229

    • Assets and Liabilities:
  • Total Assets: $30,569,151
  • Total Liabilities: $18,428,875
  • Net Assets: $12,140,276
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $2,528,635

    MANAGEMENT FEE

    Revenue

    $576,267

    INTEREST PROGRAMATIC

    Revenue

    $424,697

    DEVELOPMENT FEE

    Revenue

    $42,705

    PROGRAM SERVICE FEES

    Revenue

    $7,315

    Organization Details

    Founding Year

    1985

    Principal Officer

    Iva Comey

    Main Address

    1059 TREMONT STREET SUITE 2, ROXBURY, MA, 02120

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Commonwealth Land Trust Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.