Community Foundation Land Trust

Nonprofit profile at a glance

EIN
954827973
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
2134134130
Rating
39
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$78,823
Expenses
$13,288
Assets
$6,823,171
Liabilities
$6,657,472

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

Leadership & pay

3 people listed

Executive titles in this filing

  • MARIA CABILDO (PRESIDENT)

Highest reported compensation

  • CAROL BRADFORD (SECRETARY): $380,740 total reported compensation
  • SUMMER MOORE (TREASURER): $261,901 total reported compensation
  • MARIA CABILDO (PRESIDENT): $242,091 total reported compensation

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

Overview

Mission

Provide affordable housing to low and moderate income families, to combat community deterioration and to stabilize neighborhoods, and lessen the burdens of government by promoting home ownership and providing affordable rental housing in los angeles.

What it reported doing in 2024

The community foundation land trust has initiated projects to preserve strategic parcels of land within los angeles county with the intention of creating and sustaining affordable housing for entry level homeowners, using a "land trust" as the key tool. The goal is to enable low-income residents to purchase their own home, while at the same time providing a mechanism that allows those homes to remain permanently affordable for subsequent qualifying purchases. Finally, the corporation also has purchased property to develop as affordable rental housing.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 60
  • Accountability: 42
  • Sustainability: 75
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.7%; rating input score 9
  • Program expense ratio: 50%; rating input score 50
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 83.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 513.48; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.98; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 836.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -24.8% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -15.8% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -7.4% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 8.7% of revenue deployed · 50% of spending went to programs
  • Governance: 0 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $381K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • 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 9/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.