Totals
- Total revenue
- $2,728,389
- Total expenses
- $2,136,907
- Contributions and grants received
- $1,837,508
- Grants paid
- $0
- Program service revenue
- $830,967
- Investment income
- $59,914
- Other revenue
- $0
- Total assets, end of year
- $20,583,449
- Total liabilities, end of year
- $10,150,086
- Net assets or fund balances, end of year
- $10,433,363
- Program services expenses (Part IX)
- $1,899,810
- Management and general expenses
- $178,677
- Fundraising expenses
- $58,420
- Program service expenses (Part III)
- $1,899,810
Program services were 88.9% 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)
$177,675
-
1f · All other contributions, gifts and grants
$1,659,833
-
2a · Program service revenue: Other income
total $44,740 · related or exempt $44,740
-
2b · Program service revenue: Rental income
total $786,227 · related or exempt $786,227
-
3 · Investment income
total $59,914 · related or exempt $59,914
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $138,452 · program services $108,549 · management and general $18,763 · fundraising $11,140
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $343,865 · program services $269,594 · management and general $46,602 · fundraising $27,669
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $80,370 · program services $63,012 · management and general $10,892 · fundraising $6,466
-
10 · Payroll taxes
total $38,174 · program services $29,929 · management and general $5,173 · fundraising $3,072
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $45,170 · program services $24,748 · management and general $20,422
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $66,744 · program services $43,331 · management and general $13,340 · fundraising $10,073
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,894 · program services $1,894
-
20 · Interest
total $298,713 · program services $298,713
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $282,345 · program services $282,345
-
23 · Insurance
total $0
-
24a · Other expenses: Property expenses
total $571,742 · program services $568,949 · management and general $2,793
-
24b · Other expenses: Contract services
total $160,533 · program services $101,883 · management and general $58,650
-
24c · Other expenses: Subgrants and pass through
total $106,863 · program services $106,863
-
24d · Other expenses: Miscellaneous expense
total $2,042 · management and general $2,042
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,456,836 · end of year $3,652,605
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $395,820 · end of year $382,602
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $15,239 · end of year $25,250
-
10a · Land, buildings and equipment: cost or other basis
$16,557,691
-
10b · Land, buildings and equipment: accumulated depreciation
$282,351
-
10c · Land, buildings and equipment, net
beginning of year $16,414,884 · end of year $16,275,340
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $234,345 · end of year $247,652
-
17 · Accounts payable and accrued expenses
beginning of year $320,486 · end of year $341,134
-
23 · Secured mortgages and notes payable
beginning of year $10,281,769 · end of year $9,751,621
-
25 · Other liabilities
beginning of year $72,988 · end of year $57,331
-
27 · Net assets without donor restrictions
beginning of year $7,561,783 · end of year $8,173,757
-
28 · Net assets with donor restrictions
beginning of year $2,280,098 · end of year $2,259,606
Mission and programs · 2022
Mission
Combatinq community deterioration and expanding housing and economic opportunities for low and moderate income residents; promoting neighborhood stability and community involvement through permanently affordable homeownership and equity sharing options; supporting development of commercial and retail facilities that serve working families. Striving to foster leadership through a responsible and informed board of community members. Serve as a voice for low and moderate income Oakland residents.
-
The organization expands and preserves housing and economic development opportunities for Black, Indigenous, other communities of color, and low-income residents of Oakland. It acquires land, housing, and other critical community-serving real estate and stewards them in trust to ensure that they remain affordable forever. It creates innovative shared-equity ownership structures that balance the needs of individuals and families to build wealth with the long-term goal of permanently preserving affordability. It fosters leadership and builds resident power through an engaged board of OakCLT residents and community members to enact a vision of resident-controlled development on community-owned land.
Expenses $1,899,810
As filed on the 2022 return.
Listed in Part VII
-
Steve Kinq
Executive Director
- Total calculated
- $114,119
- From this org
- $114,119
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Junious Williams
President
- Total calculated
- $0
- Hours/week
- 1
-
Anne Griffith
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Shekinah Samaya-Thomas
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 1
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
E 24 Community Studios LLC
Preserves housing and opportunities for low income · CA · income $57,989 · assets $1,159,675
Directly controlled by Oakland Community Land Trust
-
Liberated 23Rd Ave LLC
Preserves housing and opportunities for low income · CA · income $122,089 · assets $1,498,534
Directly controlled by Oakland Community Land Trust
-
Amigxs De Hasta Muerte LLC
Preserves housing and opportunities for low income · CA · income $6,080 · assets $360,717
Directly controlled by Oakland Community Land Trust
-
Avenida 29 Oakland LLC
Preserves housing and opportunities for low income · CA · income $234,687 · assets $3,547,083
Directly controlled by OaklandCommunity Land Trust
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431359349312618
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