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Maggie Walker Community Land Trust

Maggie Walker Community Land Trust

Richmond, VA 23220
Tax ID47-5629011

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About this organization

Revenue

$2,272,356

Expenses

$174,177

Website

maggiewalkerclt.org

Mission

The Maggie Walker Community Land Trust's mission is to develop and steward permanently affordable housing opportunities to foster racially equitable communities.

About

The MWCLT is a recently formed nonprofit corporation. It acts as the developer and steward of permanently affordable housing in the Richmond, Virginia region by: (1) acquiring and holding land parcels (2) building homes on the parcels and (3) selling the homes to qualified low-to- moderate-income home buyers who enter into a 99-year land lease agreement with the MWCLT.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “The maggie walker community land trust (mwclt) seeks to develop and maintain permanently affordable homeownership opportunities for low and moderate income households.”.

When discussing its operations, they were characterized as: “The maggie walker community land trust (mwclt) seeks to develop and maintain permanently affordable homeownership opportunities for low and moderate income households.”.

  • The non-profit's legally reported state of operation is VA.
  • The filing states that the non-profit's address in the year 2020 is 203 N Robinson Street, Richmond, VA, 23220.
  • The form submitted by the non-profit for 2020 shows a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $2,098,179.
  • The CEO's remuneration policy within the organization is not determined through a review and approval process by a neutral source.
  • The organization has 11 independent voting members.
  • The organization was formed in 2015.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $16,500 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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