AccomplishmentsIncreased the number of new homeowners served by over 50% over previous year from 27 2014
to 41 in 2015.
60% of new homeowners in 2015 represented Community of Color households, up from 52% in 2014.
Developed and revised previous CLCLT homeowner survey, which was administered in the 1st quarter of 2016.
Current GoalsA. 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 to 400 by 2020.
B. 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.
C. Deepen and grow CLCLT organizational and programmatic capacity to best serve the voiced needs of the community.
D. 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 ServedLow-to Moderate-Income households (less than 80% AMI) seeking to achieve affordable, supportive, sustainable homeownership in Minneapolis.
Geographic Area ServedCity of Minneapolis
Reports & Finances
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Major Program Expenses
Buyer Assistance and Post Purchase Support:
$2,231,749
Lending:
$350,256
3 Year Average Expenses
Program Services
$942,437
94.9%
Management
$37,678
3.8%
Fundraising
$13,108
1.3%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2014
$2,284,882
$1,995,926
$288,956
2013
$1,995,926
$1,811,206
$184,720
2012
$1,811,206
$1,623,064
$188,142
Organization Last Reviewed on 08/17/2016
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
Alternative Name:CLCLT. CLCLT acquired Neighborhood Housing Services of Minneapolis (NHSM) in 2015. Neither CLCLT nor NHSM fundraise for the NHSM purposes/past programs.
EIN:06-1665031
Principal Staff:Jeff Washburne
Number of Full-Time Equivalents (FTE):5.25
Number of Volunteers:100
Number of Clients:2,000 (approximate number of households touched - classes, programs, homes, etc.)
Our mission is building donor and nonprofit relationships for strong, vibrant and just communities. We envision healthy communities for all, benefiting from effective and trustworthy nonprofits that are supported by a well-informed public’s generosity.
Let’s Connect
700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org
