Form 990 for tax year 2024
Filed by DURHAM COMMUNITY LAND TRUSTEES INC.
Totals
- Total revenue
- $4,570,542
- Total expenses
- $3,865,393
- Contributions and grants received
- $2,253,052
- Grants paid
- $0
- Program service revenue
- $1,958,610
- Investment income
- $358,111
- Other revenue
- $769
- Total assets, end of year
- $30,920,321
- Total liabilities, end of year
- $13,269,282
- Net assets or fund balances, end of year
- $17,651,039
- Program services expenses (Part IX)
- $2,920,828
- Management and general expenses
- $723,785
- Fundraising expenses
- $220,780
- Program service expenses (Part III)
- $2,920,828
Program services were 75.6% 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)
$1,456,949
-
1f · All other contributions, gifts and grants
$796,103
-
2a · Program service revenue: RENTAL INCOME
total $1,938,775 · related or exempt $1,938,775
-
2b · Program service revenue: GROUND LEASE FEES
total $19,835 · related or exempt $19,835
-
3 · Investment income
total $8,134 · excluded $8,134
-
7a · Gross sales of assets other than inventory
securities $281,508 · other assets $68,469
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $281,508 · other assets $68,469
-
7d · Net gain or loss
total $349,977 · excluded $349,977
-
11a · Other revenue: MISCELLANEOUS
total $769 · related or exempt $769
-
11e · Other revenue, total
$769
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $127,757 · program services $70,541 · management and general $54,584 · fundraising $2,632
-
7 · Other salaries and wages
total $833,911 · program services $460,446 · management and general $356,288 · fundraising $17,177
-
8 · Pension plan contributions
total $64,525 · program services $35,631 · management and general $27,565 · fundraising $1,329
-
9 · Other employee benefits
total $108,352 · program services $59,832 · management and general $46,288 · fundraising $2,232
-
10 · Payroll taxes
total $73,089 · program services $40,360 · management and general $31,224 · fundraising $1,505
-
11b · Fees: legal
total $14,944 · management and general $14,944
-
11c · Fees: accounting
total $11,120 · management and general $11,120
-
11f · Fees: investment management
total $210 · management and general $210
-
11g · Fees: other
total $137,125 · program services $42,944 · management and general $2,741 · fundraising $91,440
-
13 · Office expenses
total $57,752 · program services $31,218 · management and general $15,593 · fundraising $10,941
-
16 · Occupancy
total $1,511,618 · program services $1,431,842 · management and general $51,525 · fundraising $28,251
-
17 · Travel
total $20,331 · program services $12,198 · management and general $5,488 · fundraising $2,645
-
19 · Conferences, conventions and meetings
total $21,796 · program services $6,291 · management and general $13,535 · fundraising $1,970
-
22 · Depreciation, depletion and amortization
total $587,960 · program services $561,929 · management and general $26,031
-
23 · Insurance
total $8,157 · management and general $8,157
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $216,636 · program services $97,486 · management and general $58,492 · fundraising $60,658
-
24b · Other expenses: BAD DEBT EXPENSE
total $63,486 · program services $63,486
-
24c · Other expenses: EQUIPMENT & TOOLS
total $6,624 · program services $6,624
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,912 · end of year $51,579
-
2 · Savings and temporary cash investments
beginning of year $2,000,331 · end of year $1,984,100
-
4 · Accounts receivable
beginning of year $74,424 · end of year $42,613
-
9 · Prepaid expenses and deferred charges
beginning of year $5,447 · end of year $5,447
-
10a · Land, buildings and equipment: cost or other basis
$28,867,168
-
10b · Land, buildings and equipment: accumulated depreciation
$6,000,057
-
10c · Land, buildings and equipment, net
beginning of year $13,706,273 · end of year $22,867,111
-
11 · Investments: publicly traded securities
beginning of year $7,827,793 · end of year $5,959,417
-
15 · Other assets
beginning of year $133,929 · end of year $10,054
-
17 · Accounts payable and accrued expenses
beginning of year $157,123 · end of year $293,478
-
23 · Secured mortgages and notes payable
beginning of year $6,868,590 · end of year $12,803,387
-
25 · Other liabilities
beginning of year $135,604 · end of year $172,417
-
27 · Net assets without donor restrictions
beginning of year $15,322,354 · end of year $16,656,272
-
28 · Net assets with donor restrictions
beginning of year $1,335,438 · end of year $994,767
Mission and programs · 2024
Mission
BUILD STRONG COMMUNITIES BY DEVELOPING, MANAGING, AND ADVOCATING FOR PERMANENT AFFORDABLE HOUSING THAT PROVIDES DURHAM RESIDENTS WITH LOW TO MODERATE INCOMES A STABLE FOUNDATION FOR ACHIEVING ECONOMIC SECURITY.
-
PROVIDED AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
Expenses $2,920,828 · Revenue $1,959,379
As filed on the 2024 return.
Listed in Part VII
-
DONNA MYERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ROCHELLE ARAUJO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DOUG BUDDY AMIS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ANTOINE FREEMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES EBEL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KARL TONY GINYARD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LAURA FRIEDERICH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
THERESA TURNER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ARIEL SPRINGFIELD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEAN THIBODEAUX
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL ENGLISH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GRAHAM FITZSIMONS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RACHEAL V HAMMOND
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SABRINA IRIZARRY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SHERRY TAYLOR
EXECUTIVE DIRECTOR
- Total calculated
- $127,757
- From this org
- $127,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SOUTHSIDE HOUSING ALLIANCE INC
C · REAL ESTATE · NC · 100% owned
Directly controlled by DURHAM CLT
-
C · REAL ESTATE · NC · 100% owned
Directly controlled by DURHAM CLT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621079349300337
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