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Nonprofiteer
← STATE COLLEGE COMMUNITY LAND TRUST INC

Form 990 for tax year 2023

Filed by STATE COLLEGE COMMUNITY LAND TRUST INC.

Totals

Total revenue
$462,215
Total expenses
$307,718
Contributions and grants received
$429,840
Grants paid
$136,240
Program service revenue
$19,600
Investment income
$4,695
Other revenue
$8,080
Total assets, end of year
$2,509,857
Total liabilities, end of year
$890,407
Net assets or fund balances, end of year
$1,619,450
Program services expenses (Part IX)
$191,161
Management and general expenses
$66,677
Fundraising expenses
$49,880
Program service expenses (Part III)
$191,161

Program services were 62.1% 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.

  • 1b · Membership dues

    $79,807

  • 1e · Government grants (contributions)

    $114,685

  • 1f · All other contributions, gifts and grants

    $235,348

  • 2a · Program service revenue: GROUND LEASE RENTALS

    total $13,800 · related or exempt $13,800

  • 2b · Program service revenue: HOUSE RENTALS

    total $5,800 · related or exempt $5,800

  • 3 · Investment income

    total $4,695 · excluded $4,695

  • 11a · Other revenue: MISCELLANEOUS

    total $8,080 · related or exempt $8,080

  • 11e · Other revenue, total

    $8,080

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $136,240 · program services $136,240

  • 5 · Compensation of officers, directors and key employees

    total $54,905 · program services $13,727 · management and general $27,452 · fundraising $13,726

  • 7 · Other salaries and wages

    total $50,269 · program services $16,324 · management and general $9,503 · fundraising $24,442

  • 9 · Other employee benefits

    total $1,362 · program services $1,022 · management and general $136 · fundraising $204

  • 10 · Payroll taxes

    total $4,093 · program services $1,330 · management and general $773 · fundraising $1,990

  • 11b · Fees: legal

    total $933 · management and general $933

  • 11c · Fees: accounting

    total $19,032 · management and general $19,032

  • 13 · Office expenses

    total $13,776 · program services $3,963 · management and general $4,727 · fundraising $5,086

  • 16 · Occupancy

    total $6,912 · program services $1,989 · management and general $2,372 · fundraising $2,551

  • 20 · Interest

    total $3,858 · program services $3,858

  • 22 · Depreciation, depletion and amortization

    total $328 · program services $94 · management and general $113 · fundraising $121

  • 23 · Insurance

    total $2,628 · program services $756 · management and general $902 · fundraising $970

  • 24a · Other expenses: TRAINING

    total $6,414 · program services $6,414

  • 24b · Other expenses: SUPPORT FOR HOME OWNERS

    total $3,323 · program services $3,323

  • 24c · Other expenses: COPYING

    total $2,139 · program services $615 · management and general $734 · fundraising $790

  • 24d · Other expenses: REAL ESTATE TAXES

    total $1,506 · program services $1,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $265,574 · end of year $42,044

  • 2 · Savings and temporary cash investments

    beginning of year $147,063 · end of year $155,443

  • 4 · Accounts receivable

    beginning of year $3,740 · end of year $4,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $369 · end of year $369

  • 10a · Land, buildings and equipment: cost or other basis

    $6,986

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,542

  • 10c · Land, buildings and equipment, net

    beginning of year $572 · end of year $3,444

  • 15 · Other assets

    beginning of year $1,342,475 · end of year $2,303,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,703 · end of year $3,870

  • 19 · Deferred revenue

    beginning of year $293,137 · end of year $752,195

  • 23 · Secured mortgages and notes payable

    end of year $134,342

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,464,953 · end of year $1,619,450

Mission and programs · 2023

Mission

THE STATE COLLEGE COMMUNITY LAND TRUSTS ("SCCLT") SUPPORTS VIBRANT NEIGHBORHOODS BY CREATING AND MAINTAINING SUSTAINABLE HOUSING OPPORTUNITITES FOR LOW OR MODERATE INCOME FAMILIES AND INDIVIDUALS WHO VALUE LIVING IN THE BOROUGH OF STATE COLLEGE.

Activities or mission (Part I)

TO INCREASE THE ABILITY OF LOW OR MODERATE INCOME FAMILIES TO SECURE AFFORDABLE HOUSING.

  • SCCLT STRIVES TO ATTRACT FAMILIES AND INDIVIDUALS TO RESIDE WITHIN THE BOROUGH OF STATE COLLEGE, CREATE AFFORDABLE HOUSING FOR GENERATIONS OF HOME OWNERS, HELP COMBAT COMMUNITY DETERIORATION IN RESIDENTIAL NEIGHBORHOODS BY PROMOTING THE DEVELOPMENT, REHABILITATION,AND MAINTENANCE OF QUALITY HOUSING, PROTECT THE NATURAL ENVIRONMENT AND PROMOTE THE ECOLOGICALLY SOUND USE OF LAND AND NATURAL RESOURCES, AS WELL AS THE LONG-TERM HEALTH AND WELL-BEING OF THE COMMUNITY, AND PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY BY BROADENING HOUSING OPPORTUNITIES FOR THOSE CURRENTLY PRICED OUT OF THE MARKET.

    Expenses $191,161 · Grants $136,240 · Revenue $27,680

As filed on the 2023 return.

Listed in Part VII

  • Peter Kemper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Tsultrim Datso

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jay Hummer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kathy Yeaple

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Abdulai Rashid

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Derek Canova

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Joe Cartazzo

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Emily Rosenman

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ben Wideman

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Vicki Fong

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Colin Webster

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Matt Toms

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Colleen Ritter

    EXECUTIVE DIRECTOR

    Total calculated
    $54,905
    From this org
    $47,600
    From related orgs
    $0
    Other
    $7,305
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202423059349300222

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