Nonprofits›City Of Lakes Community Land Trust

Housing & Shelter

City Of Lakes Community Land Trust

MINNEAPOLIS, MN

WebsiteView as a funder

Total revenue

$13.3M

Total expenses

$2.2M

Net assets

$16.9M

Grants received

$13.8M

68 grants

EIN

061665031

Tax year

2023

Mission

Creating community ownership that preserves affordability and inclusivity is the mission of the city of lakes community land trust.

Programs

1 program

City of lakes community realty (clcr), a minnesota limited liabilty nonprofit company, was formed to facilitate land trust resales, purchases, and sell residential real estate on behalf of clclt, and to represent real estate transactions of partner organizations providing affordable home ownership. The activities are supported primarily from commissions on real estate sales.

Expenses: $33K

Financials

FY 2023

Revenue

Contributions & grants$12.8M
Program service revenue$265K
Investment income$179K
Other revenue$49K
Total revenue$13.3M

Expenses

Grants paid—
Salaries & benefits$626K
Fundraising$18K
Other expenses$1.6M
Total expenses$2.2M
Total assets$32.1M
Net assets$16.9M

People

17 listed

NameRoleCompensation

STACI HORWITZ

OPERATIONS DIRECTOR

Board

$99K

36.5 hrs/wk

MOLLIE MOSMAN

FINANCE DIRECTOR

Board

$97K

36.5 hrs/wk

JEFF WASHBURNE

FORMER EXECUTIVE DIRECTOR

Board

$87K

37 hrs/wk

ANDREA REESE

EXECUTIVE DIRECTOR

Board

$55K

37 hrs/wk

J RALPH PACE

MEMBER

Board

—

1 hrs/wk

NATALY SANCHEZ

MEMBER

Board

—

1 hrs/wk

MATTHEW C SARGENT

MEMBER

Board

—

1 hrs/wk

PEGGY MOORE

MEMBER

Board

—

1 hrs/wk

ALICIA SMITH

CHAIR

Board

—

2 hrs/wk

MINKARA TEZET

MEMBER

Board

—

1 hrs/wk

CHRISTINA JENNINGS

MEMBER

Board

—

1 hrs/wk

BONITA TURNIPSEED

MEMBER

Board

—

1 hrs/wk

CATRICE WILLIAMS

MEMBER

Board

—

1 hrs/wk

TAYLOR SMIRKARAVA

MEMBER

Board

—

1 hrs/wk

LAO LU HANG

TREASURER

Board

—

2 hrs/wk

LIBBY MURPHY

SECRETARY

Board

—

2 hrs/wk

SHEILA BLAND

MEMBER

Board

—

1 hrs/wk

Independent contractors

MERIDIAN PROPERTIES LLC

PROPERTY MANAGEMENT SERVICES

$374K

J LEWIS BUILDING & REMODELING LLC

CONSTRUCTION SERVICES

$198K

Grants received

Showing 68 of 68

FromAmountPurposeYear
The McKnight Foundation
$250K
for general operating support
2024
TARGET FOUNDATION
$75K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
OTTO BREMER TRUST
$60K
GENERAL OPERATIONS
2024
WALTER C RASMUSSEN - NORTHEAST BANK
$2K
AFFORDABLE HOUSING
2024
The McKnight Foundation
$250K
For general operating support
2023
OTTO BREMER TRUST
$120K
GENERAL OPERATIONS
2023
THE MINNEAPOLIS FOUNDATION
$104K
HUMAN SERVICES, DONOR-ADVISED, HUMAN SERVICES
2023
TARGET FOUNDATION
$75K
ECONOMIC OPPORTUNITY - HOMETOWN
2023
CENTERPOINT ENERGY FOUNDATION INC
$50K
GENERAL DONATION
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$26K
For grant recipient's exempt purposes
2023
NEXUS COMMUNITY PARTNERS
$25K
Grant for general operating support
2023
NEIGHBORHOOD REINVESTMENT CORPORATION
$20K
GENERAL SUPPORT
2023
THE KATHY AND TOM MILLER FAMILY
$3K
GENERAL OPERATING
2023
WALTER C RASMUSSEN - NORTHEAST BANK
$2K
AFFORDABLE HOUSING
2023
The Chicago Community Trust
$10M
General operating support
2022
The McKnight Foundation
$200K
For general operating support, and for project funding to support the first Commercial Land Trust Initiative properties in Minneapolis
2022
THE JAY AND ROSE PHILLIPS FAMILY
$150K
COMMERCIAL LAND TRUST RENEWAL
2022
GROUNDED SOLUTIONS NETWORK
$125K
—
2022
LOCAL INITIATIVES SUPPORT CORPORATION
$112K
SEE PART IV
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$58K
For grant recipient's exempt purposes
2022
The Bank of America Charitable Foundation Inc
$40K
PROGRAM/OPERATING SUPPORT
2022
NEXUS COMMUNITY PARTNERS
$25K
Grant for general operating support / community engagement
2022
NEIGHBORHOOD REINVESTMENT CORPORATION
$25K
GENERAL SUPPORT
2022
NEXUS COMMUNITY PARTNERS
$25K
general operating grant during pandemic relief
2022
CENTERPOINT ENERGY FOUNDATION INC
$20K
GENERAL DONATION
2022
THE RICHARD M SCHULZE FAMILY FOUNDATION
$15K
HUMAN SERVICES
2022
The McKnight Foundation
$15K
For general operating support in recognition of City of Lakes Community Land Trust's contribution to the GroundBreak coalition's work groups
2022
FAMILY HOUSING FUND
$12K
BUILDING EQUITY REFERRAL PARTNER GRANT
2022
DONOR ADVISED CHARITABLE GIVING INC
$10K
HUMAN SERVICES
2022
WALTER C RASMUSSEN - NORTHEAST BANK
$2K
AFFORDABLE HOUSING
2022
THE KATHY AND TOM MILLER FAMILY
$1K
GENERAL OPERATING
2022
POHLAD FAMILY FOUNDATION
$333
GENERAL OPERATING
2022
The McKnight Foundation
$200K
for general operating support, and for project funding to support the first Commercial Land Trust Initiative properties in Minneapolis
2021
The McKnight Foundation
$200K
for general operating support, and for project funding to support the first Commercial Land Trust Initiative properties in Minneapolis
2021
THE MINNEAPOLIS FOUNDATION
$133K
COMMUNITY & ECONOMIC DEVELOPMENT
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$99K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$99K
For grant recipient's exempt purposes
2021
PROPEL NONPROFITS
$75K
RECOVERY CAPITAL LOAN FORGIVENESS
2021
The Bank of America Charitable Foundation Inc
$50K
OPERATIONAL SUPPORT
2021
Lake Street Council
$50K
General Support
2021
NEIGHBORHOOD REINVESTMENT CORPORATION
$50K
GENERAL SUPPORT
2021
THE KATHY AND TOM MILLER FAMILY
$3K
GENERAL OPERATING
2021
WALTER C RASMUSSEN - NORTHEAST BANK
$2K
AFFORDABLE HOUSING
2021
THE MINNEAPOLIS FOUNDATION
$155K
COMMERCIAL LAND TRUST
2020
The McKnight Foundation
$125K
For general operating and project support
2020
The McKnight Foundation
$125K
For general operating and project support
2020
OTTO BREMER TRUST
$105K
CLT = PERPETUALLY AFFORDABLE HOUSING
2020
TARGET FOUNDATION
$95K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY
2020
NEXUS COMMUNITY PARTNERS
$27K
Asset and Wealth Building
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$26K
For grant recipient's exempt purposes
2020
NEIGHBORHOOD REINVESTMENT CORPORATION
$25K
GENERAL SUPPORT
2020
LOCAL INITIATIVES SUPPORT CORPORATION
$20K
SEE PART IV
2020
The Bank of America Charitable Foundation Inc
$20K
GENERAL SUPPORT
2020
THE KATHY AND TOM MILLER FAMILY
$5K
GENERAL OPERATING
2020
WALTER C RASMUSSEN - NORTHEAST BANK
$2K
AFFORDABLE HOUSING
2020
The Constellation Fund
$60K
General operating support and COVID relief for general operating support
2019
COMMUNITY NEIGHBORHOOD HOUSING SERVICES
$45K
NWA SHARED EQUITY HOUSING GRANT
2019
ENTERPRISE COMMUNITY PARTNERS INC
$27K
CAPACITY BUILDING
2019
NEIGHBORHOOD REINVESTMENT CORPORATION
$25K
—
2019
HEADWATERS FOUNDATION FOR JUSTICE
$15K
IN FEBRUARY 2019, THE CITY OF LAKES COMMUNITY LAND TRUST (CLCLT) BOARD OF DIRECTORS ENDORSED THE RECOMMENDATION OF 20+ ECONOMIC DEVELOPMENT STAKEHOLDERS TO INITIATE A COMMERCIAL LAND TRUST INITIATIVE (CLTI) PILOT IN MINNEAPOLIS, WHICH INCLUDED THE INTENTI
2019
RIVERWAY FOUNDATION
$1K
PROGRAM SUPPORT
2019
NEIGHBORHOOD REINVESTMENT CORPORATION
$25K
UNRESTRICTED
2018
The Bank of America Charitable Foundation Inc
$20K
PROGRAM/OPERATING SUPPORT
2018
ENTERPRISE COMMUNITY PARTNERS INC
$13K
CAPACITY BUILDING
2018
THE MINNEAPOLIS FOUNDATION
$10K
TO ASSIST LOW-INCOME HOUSEHOLDS IN ACHIEVING AFFORDABLE HOME OWNERSHIP
2018
KOPP FAMILY FOUNDATION
$7K
CHARITABLE
2018
DONOR ADVISED CHARITABLE GIVING INC
$6K
HUMAN SERVICES
2018
THE KATHY AND TOM MILLER FAMILY
$4K
GENERAL OPERATING
2018

Funded by

$13.8M from 27 funders · 68 grants · 2018–2024

The Chicago Community Trust

$10M · 1 grant · 2022

The McKnight Foundation

$1.4M · 8 grants · 2020–2024

The Minneapolis Foundation

$402K · 4 grants · 2018–2023

Fidelity Investments Charitable Gift Fund

$307K · 5 grants · 2020–2023

Otto Bremer Trust

$285K · 3 grants · 2020–2024

Target Foundation

$245K · 3 grants · 2020–2024

Neighborhood Reinvestment Corporation

$170K · 6 grants · 2018–2023

The Jay And Rose Phillips Family

$150K · 1 grant · 2022

Details

EIN061665031
NTEE codeL20
Subsection03
Ruling date2003-07
Formed2002
Employees8
Volunteers50
CITY OF LAKES COMMUNITY LAND TRUST — Mission, Financials & Grants Received | Grantivo