Totals
- Total revenue
- $1,526,993
- Total expenses
- $1,401,165
- Contributions and grants received
- $984,911
- Grants paid
- $402,560
- Program service revenue
- $584,325
- Investment income
- -$44,351
- Other revenue
- $2,108
- Total assets, end of year
- $3,745,849
- Total liabilities, end of year
- $1,870,603
- Net assets or fund balances, end of year
- $1,875,246
- Program services expenses (Part IX)
- $1,314,717
- Management and general expenses
- $86,448
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,314,717
Program services were 93.8% 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)
$705,543
-
1f · All other contributions, gifts and grants
$279,368
-
2a · Program service revenue: PROPERTY RENTAL AND RE
total $584,325 · related or exempt $584,325
-
7a · Gross sales of assets other than inventory
other assets $219,826
-
7b · Less cost or other basis and sales expenses
other assets $264,177
-
7c · Gain or loss
other assets -$44,351
-
7d · Net gain or loss
total -$44,351 · excluded -$44,351
-
11a · Other revenue: OTHER REVENUE
total $2,108 · excluded $2,108
-
11e · Other revenue, total
$2,108
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $402,560 · program services $402,560
-
5 · Compensation of officers, directors and key employees
total $8,000 · management and general $8,000
-
10 · Payroll taxes
total $1,092 · management and general $1,092
-
11a · Fees: management
total $76,049 · program services $76,049
-
11c · Fees: accounting
total $19,630 · management and general $19,630
-
11g · Fees: other
total $27,627 · management and general $27,627
-
13 · Office expenses
total $1,982 · program services $460 · management and general $1,522
-
16 · Occupancy
total $7,517 · management and general $7,517
-
20 · Interest
total $51,579 · program services $51,579
-
22 · Depreciation, depletion and amortization
total $177,925 · program services $177,925
-
23 · Insurance
total $79,346 · program services $75,160 · management and general $4,186
-
24a · Other expenses: REPAIRS, MAINTENANCE &
total $401,589 · program services $401,589
-
24b · Other expenses: PROGRAM DIRECTOR CONTRA
total $87,400 · program services $74,177 · management and general $13,223
-
24c · Other expenses: UTILITIES
total $45,867 · program services $45,867
-
24d · Other expenses: MISCELLANEOUS/OTHER EXP
total $8,988 · program services $8,988
-
24e · All other expenses
total $4,014 · program services $363 · management and general $3,651
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,157 · end of year $56,754
-
2 · Savings and temporary cash investments
beginning of year $27,355 · end of year $173,069
-
3 · Pledges and grants receivable
beginning of year $191,196 · end of year $152,964
-
4 · Accounts receivable
beginning of year $11,791 · end of year $12,097
-
9 · Prepaid expenses and deferred charges
beginning of year $1,359 · end of year $18,653
-
10a · Land, buildings and equipment: cost or other basis
$4,942,605
-
10b · Land, buildings and equipment: accumulated depreciation
$1,610,293
-
10c · Land, buildings and equipment, net
beginning of year $3,212,253 · end of year $3,332,312
-
17 · Accounts payable and accrued expenses
beginning of year $290,976 · end of year $395,074
-
19 · Deferred revenue
beginning of year $114,087 · end of year $211,415
-
23 · Secured mortgages and notes payable
beginning of year $1,387,568 · end of year $1,219,252
-
25 · Other liabilities
beginning of year $44,062 · end of year $44,862
-
27 · Net assets without donor restrictions
beginning of year $1,277,418 · end of year $1,442,579
-
28 · Net assets with donor restrictions
beginning of year $472,000 · end of year $432,667
Mission and programs · 2024
Mission
PRESERVE AND MAINTAIN AFFORDABLE HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS AND FAMILIES IN ALBANY, NEW YORK.
Activities or mission (Part I)
PRESERVING AND MAINTAINING AFFORDABLE HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS AND FAMILIES IN ALBANY, NEW YORK.
-
ACLT ACQUIRES AND REHABILITATES VACANT BUILDINGS IN THE LOW-INCOME ALBANY NEIGHBORHOODS OF WEST HILL, ARBOR HILL AND THE SOUTH END. ACLT USES LOANS AND GRANT RESOURCES TO BRING THE PROPERTIES BACK TO PRODUCTIVE USE AND CONTINUES TO OWN AND MANAGE THESE PROPERTIES AS AFFORDABLE RENTAL PROPERTIES. IN 2024, 57 FAMILIES WERE HELPED FROM THIS PROGRAM.
Expenses $298,042 · Revenue $584,325
-
ACLT'S HOMEOWNERSHIP PROGRAM INVOLVES THE ACQUISITION AND RENOVATION OF A HOME BEFORE SELLING IT TO THE HOMEBUYER. ACLT USES FINANCING AND SUBSIDIES FROM A VARIETY OF SOURCES TO COMPLETE THE REHABILITATION. ACLT RETAINS TITLE TO THE LAND UNDER LAND TRUST PROVISIONS. THE LAND IS THEN LEASED TO THE HOMEBUYER FOR A NOMINAL AMOUNT. ANY FUTURE SALE OF THE RESIDENCE MUST BE TO ANOTHER QUALIFIED HOMEOWNER OR ACLT RETAINS THE RIGHT TO RE-ACQUIRE THE BUILDING AT A PURCHASE PRICE SPECIFIED IN THE LAND LEASE AGREEMENT. THIS ENSURES THAT THE RESIDENCE WILL BE OWNED BY AN APPROVED FAMILY THAT WOULD HAVE MET THE ORIGINALLY DESIGNATED CRITERIA FOR HOMEOWNERSHIP AS DESIGNATED UNDER THE PROGRAM ADMINISTERED BY ACLT. AS OF DECEMBER 31, 2024, 48 FAMILIES HAVE BEEN HELPED BY THIS PROGRAM.
Expenses $576,433
-
THE ALBANY COMMUNITY LAND TRUST IS A PROGRAM PARTICIPANT IN THE NYS DIVISION OF CRIMINAL JUSTICE SERVICE'S PROJECT RISE (RESPOND, INVEST, SUSTAIN, EMPOWER) PROGRAM. DCJS PROVIDED $500,000 IN AN 12 MONTH CONTRACT (STARTING JULY 2024) TO ACLT TO SUPPORT COMMUNITYBASED INITIATIVES TO ADDRESS GUN VIOLENCE. DCJS APPROVED PASS THROUGH GRANTS TO 3 SUBGRANTEES FOR A TOTAL OF $210,000, AND ACLT RETAINED $290,000 FOR IMPLEMENTATION OF PROGRAMS SUCH AS WORKFORCE DEVELOPMENT, PEER MENTORING, MENTAL HEALTH SERVICES AND COMMUNITY BUILDING ACTIVITIES.
Expenses $440,242 · Grants $402,560
As filed on the 2024 return.
Listed in Part VII
-
Metorcery WilsonMETORCERY WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James WaugamanJAMES WAUGAMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martha CodioMARTHA CODIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stacey RolandSTACEY ROLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Herb McLaughlinHERB MCLAUGHLIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nishaea RichardsonNISHAEA RICHARDSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Neil HannanNEIL HANNAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Roger MarkovicsROGER MARKOVICS
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Susan CotnerSUSAN COTNER
EXECUTIVE DIRECTOR
- Total calculated
- $8,000
- From this org
- $8,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
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
-
FRANK CHAPMAN MEMORIAL INSTITUTE
$68,500
PASS-THROUGH GRANT FROM DCJS
-
THE BABY INSTITUTE INC
$66,000
PASS-THROUGH GRANT FROM DCJS
-
HOODS HOUSE OF HOOPS
$65,250
PASS-THROUGH GRANT FROM DCJS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AFFORDABLE HOUSING PARTNERSHIP OF THE CAPITAL REGION INC
501(C)(3) · STRENGTHEN NEIGHBORHOODS AND FINANCIAL INDEPENDENCE OF RESIDENTS · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543149349304549
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