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Nonprofiteer
← ESSEX COMMUNITY LAND TRUST INC

Form 990 for tax year 2024

Filed by ESSEX COMMUNITY LAND TRUST INC.

Totals

Total revenue
$189,690
Total expenses
$141,139
Contributions and grants received
$186,410
Grants paid
$0
Program service revenue
$3,280
Investment income
$0
Other revenue
$0
Total assets, end of year
$815,156
Total liabilities, end of year
$1,854
Net assets or fund balances, end of year
$813,302
Program services expenses (Part IX)
$141,139
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$141,139

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $185,700

  • 1f · All other contributions, gifts and grants

    $710

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $3,280 · excluded $3,280

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $6,290 · program services $6,290

  • 11c · Fees: accounting

    total $2,394 · program services $2,394

  • 11g · Fees: other

    total $120,050 · program services $120,050

  • 12 · Advertising and promotion

    total $295 · program services $295

  • 13 · Office expenses

    total $590 · program services $590

  • 14 · Information technology

    total $2,911 · program services $2,911

  • 16 · Occupancy

    total $1,168 · program services $1,168

  • 17 · Travel

    total $4,691 · program services $4,691

  • 19 · Conferences, conventions and meetings

    total $457 · program services $457

  • 23 · Insurance

    total $2,293 · program services $2,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,973 · end of year $343,173

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $30,380

  • 4 · Accounts receivable

    beginning of year $9,643 · end of year $9,643

  • 15 · Other assets

    beginning of year $431,960 · end of year $431,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,825 · end of year $1,854

  • 31 · Retained earnings, endowment or other funds

    beginning of year $764,751 · end of year $813,302

Mission and programs · 2024

Mission

TO STRENGTHEN COMMUNITIES IN ESSEX COUNTY AND ACROSS NEW JERSEY BY CREATING PERMANENT AFFORDABLE HOUSING, PROMOTING LAND RIGHTS, PREVENTING DISPLACEMENT, AND OFFERING FINANCIAL EMPOWERMENT OPPORTUNITIES.

Activities or mission (Part I)

THE ESSEX COMMUNITY LAND TRUST IS AN ORGANIZATION THAT HOLDS LAND IN TRUST FOR THE PURPOSES OF PRESERVING AFFORDABILITY OF THE HOMES BUILT ON THE LAND BY COMMUNITY DEVELOPERS. IN DOING THIS, THE ORGANIZATION ALSO PRESERVES PUBLIC DOLLARS USED TO BUILD RECONSTRUCT HOUSING AND ENSURES THE LOW TO MODERATE INCOME BUYERS SUCCEED AS BUYERS AND DO NOT FORECLOSE BY PROVIDING PRE AND POST PURCHASE STEWARDSHIP.

  • THE ESSEX COMMUNITY LAND TRUST (ECLT) EXISTS TO CREATE AND PRESERVE PERMANENT AFFORDABLE HOUSING WHILE PROTECTING VITAL COMMUNITY ASSETS ACROSS NEW JERSEY. OUR PURPOSE IS ROOTED IN PROMOTING LAND RIGHTS, PREVENTING DISPLACEMENT, AND EMPOWERING RESIDENTS THROUGH FINANCIAL EDUCATION AND STEWARDSHIP. WHILE HOMEOWNERSHIP IS A CORE FOCUS, OUR WORK EXTENDS TO SAFEGUARDING CIVIC SPACES, CULTURAL LANDMARKS, AND OTHER COMMUNITY-OWNED RESOURCES THAT CONTRIBUTE TO LONG-TERM NEIGHBORHOOD STABILITY AND ECONOMIC JUSTICE. BY APPLYING THE TRADITIONAL COMMUNITY LAND TRUST MODEL, ECLT ENSURES THAT LAND AND ASSETS REMAIN ACCESSIBLE, AFFORDABLE, AND UNDER COMMUNITY CONTROL.

    Revenue $3,280

  • THE GOALS OF THE ECLT ARE TO PROVIDE PERMANENT AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO MODERATE-INCOME INDIVIDUALS; WARN AGAINST PREDATORY MORTGAGES; FACILITATE HOMEOWNER AND FINANCIAL SUCCESS EDUCATION; DIVERSIFY NEIGHBORHOODS IN TERMS OF ETHNICITY AND INCOME; INCREASE THE LENGTH OF DEED RESTRICTIONS; AND PROVIDE ON-GOING STEWARDSHIP OVER TRANSFORMED ABANDONED HOMES LOCATED ON CLT LAND.

    Expenses $141,139

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Arndt

    BOARD VICE P

    Total calculated
    $0

  • Arnold Cohen

    BOARD MEMBER

    Total calculated
    $0

  • Drew Curtis

    BOARD SECRET

    Total calculated
    $0

  • James Defilippis

    BOARD MEMBER

    Total calculated
    $0

  • Shante Palmer

    BOARD MEMBER

    Total calculated
    $0

  • Renee Pearson

    BOARD MEMBER

    Total calculated
    $0

  • Darlene Reeves

    BOARD MEMBER

    Total calculated
    $0

  • Leonard Robbins

    BOARD MEMBER

    Total calculated
    $0

  • Harold Simon

    CO-FOUNDER

    Total calculated
    $0

  • Alaina Thomas

    BOARD MEMBER

    Total calculated
    $0

  • Britnee Timberlake

    CO-FOUNDER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.0
Source object
202542869349302269

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