City of Lakes Community Land Trust

Mission Statement

Creating community ownership that preserves affordability and inclusivity.

Impact and Programs

Accomplishments In 2018, the CLCLT helped 37 new homeowners move into their own home, increasing the total number of homeowners assisted since 2003 to over 335 households in 275 homes. In addition to assisting homeowners, the land trust is building or rehabbing 10 properties to eventually be included among the growing list of CLCLT homes. In addition to the work done with potential homeowners, the land trust has made an increased effort to keep in continual touch with current homeowners. In 2018, as part of a larger national study with City University New York, 119 CLCLT homeowners responded to a broad array of questions describing their current situation and outlook over the years to come. Current CLCLT homeowners reported a better quality of life since moving into a CLCLT home a majority of the time (50-65%).
Current Goals Be the catalyst to ensure proactive permanent affordable homeownership policy(ies) and investments at the City of Minneapolis in order to double the number of CLCLT homes from 200 in 2015 to 400 by 2020. Prioritize the Homebuyer Initiated Program (HIP) as the preferred buyer program while balancing earned income streams presented through development opportunities with policies/funding that would significantly grow the number of CLCLT units. Deepen and grow CLCLT organizational and programmatic capacity to best serve the voiced needs of the community. Explore and support the development of Commercial CLTs and other innovative community-driven initiatives that prioritize the long-term benefit to the community through CLCLT principles.
Community or Constituency Served Low income families and individuals who are looking to own their own home.
Geographic Area Served The 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:
$1,752,099
Community Lending:
$142,228
City of Lakes Community Realty:
$33,517
3 Year Average Expenses
Program Services
$1,239,015
94.4%
Management
$68,082
5.2%
Fundraising
$6,026
0.5%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2017
$2,910,759
$2,642,284
$268,475
2016
$2,642,284
$2,460,816
$181,468
2015
$2,460,816
$2,284,882
$175,934

Organization Last Reviewed on 09/03/2019

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 Ave
Minneapolis, MN 55414
Phone: 612-594-7150
Website: clclt.org

General Information

EIN: 06-1665031
Principal Staff: Jeff Washburne
Number of Full-Time Equivalents (FTE): 5
Volunteer Opportunities: No
Number of Clients: 40
Ruling Year: 2003

Board

Board Chair: David Higgins
Number of Board Members: 15
Board Meetings with Quorum: 6
Average Member Attendance: 10.7

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Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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