NonprofitsPartnership In Property Commercial Land Trust

Community Improvement & Capacity Building

Partnership In Property Commercial Land Trust

MINNEAPOLIS, MN

Total revenue

$604K

Total expenses

$1.2M

Net assets

$1.8M

Grants received

$3.8M

13 grants

EIN

871177063

Tax year

2024

Mission

The mission of Partnership in Property Commercial Land Trust (PIPCLT) is to (re)develop and preserve long-term affordable commercial spaces through community driven ownership of land.

Programs

1 program

PIPCLT works to explicitly address racial, gender and economic disparities in our community. Commercial land trusts (CLTs) define land as being community owned because the last is entirely owned and managed by a community -based membership. PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust community will be engaged throughout the development process from property selection to business selection. Displace of community-owned businesses has a psychological impact on residents. We will use our resources to preserve and create affordable commercial spaces indefinitely. CLTs uses long-term community ownership of land through a 99-year ground lease agreement, which has demonstrated effectiveness in combating displacement of occupants. In 2022, the organization acquired its second property in March 2022.

Expenses: $89KGrants: $49K

Financials

FY 2024

Revenue

Contributions & grants$526K
Program service revenue$78K
Investment income$11
Other revenue
Total revenue$604K

Expenses

Grants paid$6K
Salaries & benefits$624K
Fundraising$16K
Other expenses$585K
Total expenses$1.2M
Total assets$2.4M
Net assets$1.8M

People

10 listed

NameRoleCompensation

CHERRISH HOLLIE

BOARD CHAIR

Board

2 hrs/wk

ANTHONY BAILEY

BOARD MEMBER/BOARD TREASURER

Board

1 hrs/wk

LYDIA MILLARD

BOARD MEMBER

Board

1 hrs/wk

EDWARDO RIKPRASHAD

BOARD MEMBER/ BOARD VICE CHAIR

Board

1 hrs/wk

BEN DOSSMAN

BOARD MEMBER/ BOARD TREASURER

Board

1 hrs/wk

REUBEN MOORE

BOARD MEMBER

Board

1 hrs/wk

LEBOGANG KEKANA

BOARD MEMBER

Board

1 hrs/wk

LATICHIA HARPER

BOARD MEMBER

Board

1 hrs/wk

BRENDA COLSTON

BOARD MEMBER

Board

1 hrs/wk

DOMONIQUE JONES

EXECUTIVE DIRECTOR

Staff

$163K

40 hrs/wk

Independent contractors

NOIR ARISE ACCOUNTING LLC

ACCOUNTING

$23K

INTENTIONAL CONSULTING SERVICES L

CONSULTING

$4K

LA DEUX SAY EVENTS LLC

EVENT PLANNING

$3K

NOKOMIS LEGAL PLLC

LEGAL

$2K

SEASONS PROPERTY MAINTENANCE LLC

PROPERTY MAINTENANCE

$1K

Grants received

Showing 13 of 13

FromAmountPurposeYear
$56K
PROGRAM COSTS
2024
$50K
for general operating support
2024
$150K
ECONOMIC OPPORTUNITY - HOMETOWN (ECOSYSTEM)
2023
$50K
For general operating support to preserve and develop long-term affordable commercial spaces through community driven ownership of land
2023
$50K
PROGRAM COSTS
2023
$2.3M
Redevelop and preserve long-term affordable commercial spaces through community driven needs.
2022
$25K
PROGRAM COSTS
2022
$25K
GENERAL - SUPPORT THE PIPCLT PILOT COMMUNITY INVESTMENT MODEL AT 1819 LOWRY AVE N
2022
$15K
For general operating support in recognition of Partnership in Property Commercial Land Trust's service on GroundBreak Coalition's work groups
2022
$541K
REDEVELOP AND PRESERVE LONG-TERM AFFORDABLE COMMERCIAL SPACES THROUGH COMMUNITY DRIVEN OWNERSHIP OF LAND.
2021

Funded by

$3.8M from 6 funders · 13 grants · 2021–2024

City of Lakes Community Land Trust

$2.8M · 2 grants · 2021–2022

Local Initiatives Support Corporation

$491K · 2 grants · 2022–2024

Target Foundation

$150K · 1 grant · 2023

Greater Twin Cities United Way

$131K · 3 grants · 2022–2024

The McKnight Foundation

$115K · 3 grants · 2022–2024

The Minneapolis Foundation

$40K · 2 grants · 2022–2024

Details

EIN871177063
NTEE codeS30
Subsection03
Ruling date2022-04
Formed2021
Employees6
PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST — Mission, Financials & Grants Received | Grantivo