Overview
What is Partnership In Property Commercial Land Trust?
Partnership In Property Commercial Land Trust (PIPCLT) is a Minneapolis-based nonprofit organization with a mission to combat racial, gender, and economic disparities in the community. They achieve this by establishing commercial land trusts, where the land is community-owned and managed. PIPCLT believes in shared decision-making and community engagement, involving residents in the selection and operation of businesses to preserve their community-owned spaces. The organization seeks to protect against displacement, using long-term 99-year ground lease agreements. In 2021, PIPCLT acquired its first property, demonstrating their commitment to preserving and creating affordable commercial spaces indefinitely. With a focus on community-driven ownership, PIPCLT aims to contribute to a human-centered economy where residents can claim and own their neighborhoods.
Official website here: www.pipclt.org
Is Partnership In Property Commercial Land Trust legitimate?
Partnership In Property Commercial Land Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership In Property Commercial 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: $115,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pipclt.org
What is the mission statement of Partnership In Property Commercial Land Trust?
The Partnership in Property Commercial Land Trust (PIPCLT) aims to redevelop and preserve long-term affordable commercial spaces through community-driven ownership of land. Their vision is to create neighborhoods that reflect the economic, cultural, and social wealth of a community, where residents have decision-making power and ownership over land, thereby fostering a human-centered economy. PIPCLT actively works to address racial, gender, and economic disparities within the community. They engage the community throughout the development process, from property selection to business selection, to preserve and create affordable commercial spaces indefinitely. PIPCLT utilizes community-owned commercial land trusts, which have demonstrated effectiveness in combating displacement of occupants, through a 99-year ground lease agreement. In 2021, the organization acquired its first property.
Official website here: www.pipclt.org
Who is the CEO of Partnership In Property Commercial Land Trust?
Domonique Jones is the Executive Director of Partnership In Property Commercial Land Trust.
Official website here: www.pipclt.org
What is the revenue of Partnership In Property Commercial Land Trust?
Partnership In Property Commercial Land Trust's revenue in 2022 was $2,446,548.
Official website here: www.pipclt.org
Who are the executives of Partnership In Property Commercial Land Trust and what are their salaries?
The average compensation at Partnership In Property Commercial Land Trust during 2022 was $38,660. There are 3 employees at Partnership In Property Commercial Land Trust.
Here are 13 key members and their salaries:
- Domoninque Jones (Executive Director)
- Felicia Perry (Real Estate Manager)
- Danielle Mkali (Chair) [Trustee/Director]
- Mark Fick (Treasurer) [Trustee/Director]
- Devon Nolen (Director)
- Barbara Hall (Director)
- Kowsar Mohamed (Director)
- Zahnia Harut (Director)
- Qannani Omar (Director)
- Davis Senseman (Director)
- Cherrish Hollie (Director)
- Anna Schmiel (Director)
- Cassie Bean (Director)
Official website here: www.pipclt.org
Where can I find the form 990 for Partnership In Property Commercial Land Trust?
The Partnership In Property Commercial Land Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pipclt.org
Learn more at the official website: www.pipclt.org
Mission Statement of Partnership In Property Commercial Land Trust
Partnership In Property Commercial Land Trust, often referred to as PIPCLT, has a mission to redevelop and preserve long-term affordable commercial spaces within communities. This is achieved through community-driven ownership of land, allowing residents to claim spaces through decision-making power and land ownership. PIPCLT envisions neighborhoods as reflections of a community's economic, cultural, and social wealth. By promoting participatory community engagement, shared learning, and collective decision-making, PIPCLT aims to build a human-centered economy where residents can actively shape their community's development.
PIPCLT recognizes and addresses racial, gender, and economic disparities within the community. The organization believes that true community engagement involves shared learning and trust-building through the development process, from property selection to business selection. To combat displacement of community-owned businesses, PIPCLT uses a 99-year ground lease agreement, which has proven effective in preserving affordable commercial spaces. In 2021, PIPCLT took a significant step in realizing its mission by acquiring its first property. By focusing on long-term community ownership and engagement, PIPCLT seeks to create and preserve commercially viable spaces that reflect the needs and aspirations of the community, fostering a sense of belonging and empowerment among its residents.
Impact
This information is meant to be a general summary of Partnership In Property Commercial Land Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The impact of Partnership In Property Commercial Land Trust (PIPCLT) can be seen in its efforts to (re)develop and preserve long-term affordable commercial spaces through community-driven ownership of land. By explicitly addressing racial, gender, and economic disparities in the community, PIPCLT aims to create a more equitable and inclusive environment.
Through the use of commercial land trusts (CLTs), PIPCLT defines land as community-owned, ensuring that it is entirely managed by a community-based membership. This approach promotes shared learning and decision-making processes, building trust and engagement within the community. By engaging residents throughout the development process and preserving affordable commercial spaces indefinitely, PIPCLT helps combat displacement of community-owned businesses and the associated psychological impacts on residents.
By utilizing a 99-year ground lease agreement for long-term community ownership of land, PIPCLT has demonstrated effectiveness in preventing displacement of occupants. The acquisition of their first property in December 2021 in Minneapolis, MN, marks a significant milestone in realizing their mission of creating neighborhoods that reflect the economic, cultural, and social wealth of the community. Through initiatives focused on community improvement, PIPCLT is contributing to the building of a human-centered economy where residents have decision-making power and ownership of land.
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:
Organization Details
Founding Year
2021
Phone
(612) 504-8325
Principal Officer
Domonique Jones
Main Address
1819 LOWRY AVENUE N, MINNEAPOLIS, MN, 55441
Website
www.pipclt.org
NTEE Category
Code: S30 - Community improvement
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