Moab Area Community Land Trust

Nonprofit profile at a glance

EIN
454885063
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Moab, UT, USA
Phone
4352100248
Rating
68
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$1,864,136
Expenses
$218,295
Assets
$5,693,472
Liabilities
$213,695

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

Leadership & pay

8 people listed

Executive titles in this filing

  • Kaitlin Myers (Executive Director)

Highest reported compensation

  • Kaitlin Myers (Executive Director): $87,247 total reported compensation

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

Overview

Mission

To create the opportunity for permanent affordable housing by preserving land held in trust in Moab city, Grand County, and Northern San Juan County.

What it reported doing in 2024

To create the opportunity for permanently affordable housing by preserving land held in trust in Moab City, Grand County, and northern San Juan County. During 2024, the land trust supervised the installation of infrastructure and housing units for a 40-acre affordable housing project in Grand County Utah called Arroyo Crossing. At the end of 2024, there were 46 built and occupied homes, 98 homes under construction, and 5 homes in the predevelopment process. When completed, Arroyo Crossing will provide 300 units for workforce housing including single family homes, townhomes, and apartments. The land trust leases the land for this project to Arroyo Crossing, an affiliated 501(c)(3) nonprofit corporation, to facilitate this program; this corporation sells leasehold interest to housing development partners and donates the revenue to the land trust. In 2024, the Arroyo Crossing corporation sold leasehold interest for 91 homes, resulting in an abnormally high amount of revenue earned by the land trust.

Operating model

Revenue model
Affiliate-supported. 78% of the money available for current operations came from contributions from related organizations.
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: 84
  • Sustainability: 82
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.7%; rating input score 10
  • Program expense ratio: 55.4%; rating input score 55
  • Fundraising efficiency: $224.15 raised per $1 spent on fundraising; rating input score 92; 92nd 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: Limited
  • 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: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 88.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 26.08; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 40%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 44.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -6.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 9.7% of revenue deployed · 55.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $121K in reported program spending
  • Leadership: top reported pay $87K · 8 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors and related organizations
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 10/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.