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EIN 47-5629011

The Maggie Walker Community Land Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Richmond
State
Virginia
Year formed
2015
Most recent tax filings
2022-12-01
NTEE code, primary
L20: Housing Development, Construction, Management
Description
The Maggie Walker Community Land Trust develops and maintains permanently affordable homeownership opportunities for low and moderate income households. As a developer and steward of permanently affordable housing in Richmond, Virginia region, it acquires and holds land parcels, builds homes on the parcels, and sells the homes to qualified low-to-moderate income home buyers.
Total revenues
$5,454,425
2022
Total expenses
$610,121
2022
Total assets
$13,928,536
2022
Num. employees
0
2022

Program areas at The Maggie Walker Community Land Trust

The mwclt acts as a developer and steward of permanently affordable housing in The richmond, Virginia region by:(1) acquiring and holding Land parcels (2) building homes on The parcels and (3) selling The homes to qualified low-to-moderate income home buyers who enter into a 99 year Land lease agreement with The mwclt. Mwclt also acts as The Land bank for The region's three primary jurisdictions city of richmond, henrico county and chesterfield county. Mwclt operates a pilot lease-to-own program whereby applicants rent a home and save for ultimately purchasing.

Who funds The Maggie Walker Community Land Trust

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Pauley Family FoundationCapital Support for Land and Construction Costs$250,000
Bon Secours VirginiaMission Support$150,000
Marietta M and Samuel Tate Morgan JR TrustUnrestricted General$100,000
...and 9 more grants received

Personnel at The Maggie Walker Community Land Trust

NameTitleCompensation
Erica SimsChief Executive Officer$0
Schirra HayesVice Chair / Treasurer$0
Laura LafayetteImmediate Past Chair$0
William MartinTreasurer$0
Carolyn ChampionVice Chair$0
...and 2 more key personnel

Financials for The Maggie Walker Community Land Trust

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,853,900
Program services$-409,409
Investment income and dividends$8,554
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,380
Total revenues$5,454,425

Form 990s for The Maggie Walker Community Land Trust

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-07990View PDF
2020-122021-09-13990View PDF
2019-122020-11-18990View PDF
2018-122020-02-05990View PDF
...and 2 more Form 990s
Data update history
July 9, 2024
Received grants
Identified 3 new grant, including a grant for $250,000 from The Pauley Family Foundation
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 11, 2024
Updated personnel
Identified 4 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
December 28, 2023
Received grants
Identified 4 new grant, including a grant for $57,500 from The Community Foundation
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
203 N Robinson St
Richmond, VA 23220
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
maggiewalkerclt.org/ 
Phone
(804) 915-6729
IRS details
EIN
47-5629011
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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