EIN 94-3116010

Opal Community Land Trust

Name: Opal Community Land Trust financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Eastsound

State

Washington

Year formed

1989

Most recent tax filings

2022-12-01

NTEE code, primary

L20: Housing Development, Construction, Management

Description

The mission of Opal Community Land Trust is to help sustain orcas island as a healthy, economically diverse Community by providing permanently affordable homes and related education and support for islanders-families, seniors and singles - whose housing needs are not met by the traditional market.

Also known as...

Elisabeth C Byers Ttee

Total revenues

$3,972,940

2022

Total expenses

$1,114,675

2022

Total assets

$33,080,547

2022

Num. employees

2022

Program areas at Opal Community Land Trust

Housing development: develop Land and houses to rent or own that are affordable to low to moderate income households. Provide housing counseling and related support services.

Leasehold stewardship: lease Land and provide support services to homeowners who lease Land from Opal.

Loan programs: provide loans to eligible households to enable them to purchase a home.

Rental stewardship: manage properties owned by Opal that are rented be qualified individuals.

Who funds Opal Community Land Trust

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2022-06	For Grant Recipient's Exempt Purposes	$879,650
Orcas Island Community Foundation (OICF)	2022-12	Various Purposes As Approved By Oicf Board	$336,668
Vincent J Coates Foundation	2022-12	Grant To Help With Purchasing & Renovating 12 Affordable Rental Apartments in the Northern Heights Property.	$100,000
...and 17 more grants received

Personnel at Opal Community Land Trust

Name	Title	Compensation	Date of data
Elisabeth Byers	Executive Director	$110,000	2022-12-31
Minor Lile	Treasurer	$0	2023-11-03
Anne Bertino	Secretary and Treasurer / Secretary / Board Member	$0	2022-12-31
Tim Fuller	Vice President	$0	2022-12-31
Margaret Mills	Vice President / Trustee	$0	2022-12-31
...and 4 more key personnel

Financials for Opal Community Land Trust

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$3,285,007	$2,523,830	30.2%
Program services	$591,191	$551,915	7.1%
Investment income and dividends	$102,358	$123,834	-17.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-10	$0	-999%
Net income from fundraising events	$-17,792	$-19,898	10.6%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$12,186	$5,447	123.7%
Total revenues	$3,972,940	$3,185,128	24.7%

Form 990s for Opal Community Land Trust

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-03	990	View PDF
2021-12	2023-02-17	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-10-26	990	View PDF
2019-12	2021-02-18	990	View PDF
...and 9 more Form 990s

Organizations like Opal Community Land Trust

Organization	Type	Location	Revenue
Planning Office for Urban Affairs	501(c)(3)	Boston, MA	$9,656,311
Atlanta Land Trust	501(c)(3)	Atlanta, GA	$6,510,406
Athens Land Trust (ALT)	501(c)(3)	Athens, GA	$2,698,765
Grounded Solutions Network	501(c)(3)	Oakland, CA	$4,060,693
Kulshan Community Land Trust	501(c)(3)	Bellingham, WA	$1,789,576
Durham Community Land Trustees (DCLT)	501(c)(3)	Durham, NC	$2,449,395
Habitat for Humanity of Summit and Wasatch Counties Utah	501(c)(3)	Park City, UT	$1,339,918
Iowa Heartland Habitat for Humanity	501(c)(3)	Waterloo, IA	$2,565,470
Rocky Mountain Community Land Trust	501(c)(3)	Colorado Springs, CO	$1,546,070
Bolinas Community Land Trust	501(c)(3)	Bolinas, CA	$3,145,170

Data update history

January 23, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 23, 2024

Updated personnel

Identified 2 new personnel

December 26, 2023

Received grants

Identified 11 new grant, including a grant for $336,668 from Orcas Island Community Foundation (OICF)

June 27, 2023

Posted financials

Added Form 990 for fiscal year 2020

June 18, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Social advocacy organizationsHousing and shelter organizationsCharities

Issues

Human servicesHousing

Characteristics

Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingEndowed supportGala fundraisersTax deductible donations

General information

Address: PO Box 1133; Eastsound, WA 98245
County: San Juan County, WA
Website URL: opalclt.org/
Phone: (360) 376-3191

IRS details

EIN: 94-3116010
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1989
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L20: Housing Development, Construction, Management
NAICS code, primary: 813312: Environment, Conservation, and Wildlife Organizations
Parent/child status: Independent

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Opal Community Land Trust

Program areas at Opal Community Land Trust

Who funds Opal Community Land Trust

Personnel at Opal Community Land Trust

Financials for Opal Community Land Trust

Form 990s for Opal Community Land Trust

Organizations like Opal Community Land Trust

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