Overview
What is Albany Community Land Trust?
Albany Community Land Trust, situated in Albany, New York, is a dedicated nonprofit organization with a mission to preserve and maintain affordable housing for low-income and disadvantaged individuals and families. They accomplish this by acquiring and rehabilitating vacant buildings in the neighborhoods of West Hill, Arbor Hill, and the South End. Using loans and grant resources, they bring these properties back to productive use and continue to own and manage them as affordable rental properties. In 2022, their efforts helped 60 families. With a small yet dedicated workforce of one, Albany Community Land Trust significantly contributes to the community by providing affordable housing solutions.
Official website here: www.albanyclt.com
Is Albany Community Land Trust legitimate?
Albany Community Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany Community Land Trust 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: $8,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.albanyclt.com
What is the mission statement of Albany Community Land Trust?
The Albany Community Land Trust is committed to preserving and maintaining affordable housing for low-income and disadvantaged individuals and families. Through acquiring and rehabilitating vacant buildings in underserved neighborhoods, they bring these properties back to productive use and manage them as affordable rental properties. In 2022, their efforts helped provide housing for 60 families, demonstrating their dedication to this mission. The organization utilizes loan and grant resources to ensure the sustainability and accessibility of affordable housing in the community.
Official website here: www.albanyclt.com
Who is the CEO of Albany Community Land Trust?
Susan Cotner is the Board Member of Albany Community Land Trust.
Official website here: www.albanyclt.com
What is the revenue of Albany Community Land Trust?
Albany Community Land Trust's revenue in 2022 was $1,054,157.
Official website here: www.albanyclt.com
Who are the executives of Albany Community Land Trust and what are their salaries?
The average compensation at Albany Community Land Trust during 2022 was $8,000. There are 1 employees and 11 volunteers at Albany Community Land Trust.
Here are 10 key members and their salaries:
- Susan Cotner (Executive Director)
- Nishaea Richardson (Board Member) [Trustee/Director]
- James Waugaman (Board Member) [Trustee/Director]
- Aprecia Cabey (Board Member) [Trustee/Director]
- Martha Codio (Board Member) [Trustee/Director]
- Patricia Blunt-Bey (Board Member) [Trustee/Director]
- Valerie Alexander Moseley (President) [Trustee/Director]
- Herb Mclaughlin (Vice President) [Trustee/Director]
- Roger Markovics (Secretary) [Trustee/Director]
- Neil Hannan (Treasurer) [Trustee/Director]
Official website here: www.albanyclt.com
Where can I find the form 990 for Albany Community Land Trust?
The Albany Community Land Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.albanyclt.com
Learn more at the official website: www.albanyclt.com
Mission Statement of Albany Community Land Trust
Albany Community Land Trust, a nonprofit organization, is committed to preserving and maintaining affordable housing for low-income and disadvantaged individuals and families. Their mission is to revitalize vacant buildings in the low-income neighborhoods of West Hill, Arbor Hill, and the South End in Albany, New York. They achieve this by utilizing loan and grant resources to bring these properties back to productive use. Once the rehabilitation is complete, Albany Community Land Trust continues to own and manage these properties as affordable rental properties. In 2022, this initiative helped provide housing for 60 families, demonstrating their dedication to enhancing living conditions for those in need.
Impact
This information is meant to be a general summary of Albany Community Land Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Albany Community Land Trust's impact is evident in the preservation and maintenance of affordable housing for low-income and disadvantaged individuals and families in Albany, New York. By acquiring and rehabilitating vacant buildings in the low-income neighborhoods of West Hill, Arbor Hill, and the South End, ACLT ensures these properties are brought back to productive use. Through the use of loans and grant resources, ACLT continues to own and manage these properties as affordable rental units, providing much-needed housing support to the community. In 2022 alone, 60 families benefited from this program, highlighting the tangible difference ACLT is making in addressing housing challenges in Albany.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY RENTAL AND RE
Revenue
$551,196
Organization Details
Founding Year
1987
Phone
(518) 426-1296
Principal Officer
Susan Cotner
Main Address
255 ORANGE STREET, ALBANY, NY, 12210
Website
www.albanyclt.com
NTEE Category
Code: L200 - Housing
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