City of Lakes Community Land Trust

Mission Statement

Creating Community Ownership that Preserves Affordability and Inclusivity is the mission of the City of Lakes Community Land Trust.

Impact and Programs

Accomplishments Assisted another 31 low-income households achieve perpetually affordable homeownership in Minneapolis. Grew the CLCLT to 340 homes. Grew the total number of low-income households assisted into homeownership to 446 households. Served households at an average of 51% of Area Median Income. Served Households of Color at rate of 56% of all households served. No CLCLT homeowner foreclosures in 2021.
Current Goals 40 new CLCLT homeowners in 2022. At least 60% of households served will represent Households of Color. No (0) CLCLT homeowner foreclosures. At least 30 CLCLT homebuyer orientations. Host at least 12 homeowner post-purchase events or trainings.
Community or Constituency Served Low- and moderate-income households seeking homeownership in the City of Minneapolis.
Geographic Area Served City of Minneapolis

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their website, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
Major Program Expenses
Community Land Trust Program:
$1,186,656
Lending Activity:
$342,362
City of Lakes Community Realty:
$35,530
Commercial Land Trust Program:
$805,597
Management and General:
$53,252
Fundraising:
$14,702
3 Year Average Expenses
Program Services
$1,768,558
96%
Management
$60,682
3.3%
Fundraising
$13,207
0.7%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2021
$5,108,571
$4,601,605
$506,966
2020
$4,601,605
$3,549,776
$1,051,829
2019
$3,549,876
$3,281,227
$268,649

Notes from the Council

Organization Last Reviewed on 09/12/2022

This date is representative of when we completed our initial Accountability Wizard® nonprofit review, and provided the organization with their results. This review is good for three years from the date provided
Return to List of Reviewed Nonprofits

Connect

Address:
1930 Glenwood Avenue
Minneapolis, Minnesota 55405
Phone: 6125947150
Website: www.clclt.org

General Information

Alternative Name: City of Lakes Community Land Trust, City of Lakes CLT, CLCLT
EIN: 06-1665031
Principal Staff: Jeffrey Washburne
Number of Full-Time Equivalents (FTE): 6.75
Volunteer Opportunities: Yes
Number of Clients: 1,700
Ruling Year: 2003

Board

Board Chair: Nataly Sanchez
Number of Board Members: 15
Board Meetings with Quorum: 9
Average Member Attendance: 10.3

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Charities Review Council

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Let’s Connect

1915 Highway 36 W Ste 133 • Roseville, Minnesota 55113-2709
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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