Chinatown Community Land Trust Inc

What it reported doing in 2024

Planning for a healthy community "chinatown clt led a participatory planning process to produce chinatown master plan 2020 and co-facilitates the ongoing chinatown master plan committee in order to guide implementation steps to achieve the community's vision. Ongoing focuses include stewardship of public land, promotion of a healthy environment, economic stability, and shared public spaces. As an outgrowth of the participatory planning work, chinatown clt has become a leading advocate and planner of open space improvement projects, as a core partner in the redesign of reggie wong memorial partner, an organizing anchor for a green space by the planned chinatown library, and an active participant in public planning processes for the tunney lee plaza and reconnecting chinatown projects." community building and collective governance "clt works with residents, small business owners, and other stakeholders to strengthen the community fabric and its sense of community. An important goal is to reclaim the practice of the community commons, collectively governing and protecting public land, shared spaces, and resources that are important for community life, not their monetary value. Recent activities include organizing residents around a variety of street improvements, for community governance of reggie wong park, and developing a shared community land trust loan fund with boston area partners.chinatown clt is part of a growing movement for collective control and stewardship of land to stabilize our communities and plays an active role in the greater boston clt network, the right to the city alliance, and other movement building networks. Focuses include peer learning, shared resources, and promotion of policies and practices that limit land speculation, increase community control, and stabilize neighborhoods."

Financial Efficiency

• Mission deployment rate: 97.2%; rating input score 97
• Program expense ratio: 89.1%; rating input score 89
• Fundraising efficiency: $282.04 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -9.1%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 1.82; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
• Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: 21.6% per year; rating input score 100; 84th percentile among comparable filings
• Revenue growth: 21.7% per year; rating input score 100; 87th percentile among comparable filings
• Asset growth: -0.7% per year; rating input score 0; 15th percentile among comparable filings