Program areas at Albany Community Land Trust
Aclt acquires and rehabilitates vacant buildings in the low-income Albany neighborhoods of west hill, arbor hill and the south end. Aclt uses loans and grant resources to bring the properties back to productive use and continues to own and manage these properties as affordable rental properties. In 2022, 60 families were helped from this program.
Aclt's homeownership program involves the acquisition and renovation of a home before selling it to the homebuyer. Aclt uses financing and subsidies from a variety of sources to complete the rehabilitation. Aclt retains title to the Land under Land Trust provisions. The Land is then leased to the homebuyer for a nominal amount. Any future sale of the residence must be to another qualified homeowner or aclt retains the right to re-acquire the building at a purchase price specified in the Land lease agreement. This ensures that the residence will be owned by an approved family that would have met the originally designated criteria for homeownership as designated under the program administered by aclt. As of december 31, 2022, 39 families have been helped by this program.
Who funds Albany Community Land Trust
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Carl E Touhey Foundation | 2022-12 | To Develop Affordable Housing Opportunities for Low-Income People, Preserve Housing Affordability for Future Generatioms, Combat Community Deterioration By Promotion Economic Opportunities in Low-Income Neighborhoods, and Educate the General Public About Ongoing and Innovative Methods of Community Development. | $50,000 |
Schwab Charitable Fund | 2022-06 | Human Services | $25,000 |
Gideon Lodge #140 B'nai B'rith Housing Foundation | 2022-12 | Restricted Program Grant | $10,000 |
Personnel at Albany Community Land Trust
Name | Title | Compensation | Date of data |
---|
Susan Cotner | Executive Director | $8,000 | 2023-11-14 |
Lisa Petruzzelli | Program Manager | | 2022-03-01 |
Neil Hannan | Treasurer | $0 | 2022-12-31 |
Herb McLaughlin | Vice President | $0 | 2022-12-31 |
Valerie Alexander Moseley | President | $0 | 2022-12-31 |
...and 2 more key personnel |
Financials for Albany Community Land Trust
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $465,563 | $392,202 | 18.7% |
Program services | $551,196 | $539,096 | 2.2% |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $36,321 | $20,345 | 78.5% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $1,077 | $237,877 | -99.5% |
Total revenues | $1,054,157 | $1,189,520 | -11.4% |
Organizations like Albany Community Land Trust
Organization | Type | Location | Revenue |
---|
Dwelling Place Regional Community Land Trust | 501(c)(3) | Grand Rapids, MI | $486,541 |
Arroyo Crossing | 501(c)(3) | Moab, UT | $851,279 |
Colorado Community Land Trust Arapahoe LLC | 501(c)(3) | Denver, CO | $333,855 |
Colorado Community Land Trust Denver LLC | 501(c)(3) | Denver, CO | $475,189 |
BRIDGE Support Corporation | 501(c)(3) | San Francisco, CA | $851,362 |
Place Projects Linking Art Community and Environment | 501(c)(3) | Minneapolis, MN | $896,204 |
Florida Keys Community Land Trust I | 501(c)(3) | Florida City, FL | $489,597 |
FB Community Land Trust | 501(c)(3) | Buffalo, NY | $839,782 |
Marin City Community Land Corp | 501(c)(3) | Sausalito, CA | $562,808 |
Liberty Community Land Trust | 501(c)(3) | Los Angeles, CA | $1,816,743 |
Data update history
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsHousing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
- Address
- 255 Orange St
- Albany, NY 12210
- Metro area
- Albany-Schenectady-Troy, NY
- County
- Albany County, NY
- Website URL
- albanyclt.com/index.htmlÂ
- Phone
- (518) 426-1296
IRS details
- EIN
- 22-2908723
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1987
- 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
- Subordinate organization
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