Fiscal year ending 2019. Filed on July 8, 2020.
221 S Figueroa Street No 400
Los Angeles, California 90012
Community Foundation Land Trust (EIN: 95-4827973) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2019 IRS Form 990 filing, Community Foundation Land Trust, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $318,659. The highest compensated employee at Community Foundation Land Trust is John Kobara with fiscal year 2019 compensation of $406,082.
Revenue
Expenses
Employee compensation
No board members were reported during this fiscal year.
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. IN LIMITED CASES, WORKING CLOSELY WITH MUNICIPAL GOVERNMENTS, THE CORPORATION HAS SOLD AFFORDABLE HOUSING IN FEE (AS OPPOSED TO THE LAND TRUST STRUCTURE). FINALLY, THE CORPORATION ALSO HAS PURCHASED PROPERTY TO DEVELOP AS AFFORDABLE RENTAL HOUSING.
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