Black Owned and Operated Community Land Trust Inc

Nonprofit profile at a glance

EIN
822764286
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2019
Location
Los Angeles, CA, USA
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$901,561
Expenses
$396,692
Assets
$7,490,061
Liabilities
$7,337,358

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Anthony L Jolly Jr (Vice President)

People named in this filing

  • Prophet Walker (Chair)
  • Anthony L Jolly Jr (Vice President)
  • Diandra Bremond EdD (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dedicated to empowering Black communities in Leimert Park and beyond focusing on economic resilience community stability self-governance and small business development. Integrating healing modalities art and cultural preservation the organization aims to acquire develop and preserve land and housing for low- to moderate-income individuals and families particularly in historically Black communities in Los Angeles. It promotes economic development prevents displacement and offers affordable housing and commercial space to support small businesses cultural programming and community self-governance. Activities include property acquisition tenant stabilization leadership training and partnerships for equitable development and cultural heritage preservation.

What it reported doing in 2024

Community Business Stabilization & Support: Provides affordable and accessible commercial space to long-term small business owners focusing on those at risk of displacement. Offers lease education rent stabilization assistance and resources to strengthen business operations and sustainability. Black Business & Street Vendor Incubator: Supports Black-owned small businesses and independent street vendors through affordable retail opportunities permitting assistance technical training and marketing support. Helps vendors formalize operations increase income and connect to local markets while protecting cultural street economies. Cultural Corridor Preservation: Preserves and celebrates the historical and cultural legacy of Black communities in Los Angeles with a focus on Leimert Park Village. Supports arts music cultural events and heritage projects that reinforce community identity and pride. Community Land Stewardship & Activation: Stewards commercial properties and public spaces for perpetual community benefit. Activates spaces for markets pop-ups performances and events that generate economic opportunity and foster cultural expression. Equitable Development Partnerships: Works with public agencies philanthropic partners and private investors to design and implement projects that advance economic opportunity protect cultural identity and close racial wealth gaps-all while centering community voice. Community Relations & Engagement: Builds and maintains strong relationships among residents businesses street vendors cultural organizations and public agencies. Facilitates neighborhood meetings listening sessions and collaborative projects that strengthen trust resolve conflicts and promote shared goals for the communitys future.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.5%; rating input score 26
  • Program expense ratio: 58%; rating input score 58
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 56%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 18.88; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.98; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -34.4% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 49.3% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 25.5% of revenue deployed · 58% of spending went to programs
  • Governance: 6 of 6 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $230K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Highest-paid contractors: 1 contractor listed · $180K reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.