SWAP COMMUNITY LAND TRUST INC

EIN: 050453207 501(c)(3) Housing & Shelter

PROVIDENCE, RI

Total Revenue
$244,642
Total Expenses
$219,652
Total Assets
$322,060
Net Assets
$288,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
RI
Principal Officer
CARLA DESTEFANO
Phone
4012720526
Tax Period
2024-07-01 to 2025-06-30

SWAP COMMUNITY LAND TRUST INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $245K in total revenue in fiscal year 2024. Expenses of $220K left a modest 10% surplus.

Mission

TO PROMOTE THE PRODUCTION OF AFFORDABLE HOUSING THROUGH DEVELOPMENT, CONSULTING, AND PROPERTY MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $192,500 Revenue: $234,637

TO PROMOTE THE PRODUCTION OF AFFORDABLE HOUSING THROUGH DEVELOPMENT, CONSULTING, AND PROPERTY MANAGEMENT BY SUPPORTING SWAP, INC. (STOP WASTING ABANDONED PROPERTY).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $234,637
Investment Income $0
Other Revenue $10,005
TOTAL REVENUE $244,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,500
Fundraising Expenses $0
Program Expenses $192,500
Other Expenses $207,152
TOTAL EXPENSES $219,652

Year-over-Year Comparison

2024 2023 Change
Revenue $244,642 $231,886 +0.1%
Expenses $219,652 $153,292 +0.4%
Net Income $24,990 $78,594 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
17
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$157,401
Total Directors
11
$157,401
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA DESTEFANO EXECUTIVE DIRECTOR 1.00
Officer Director
$5,910 $12,243 $157,401
PETER BORTOLOTTI VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
PAUL DUMOCHEL TREASURER 0.25
Officer Director
$0 $0 $0
GRAHAM KILVERT DIRECTOR 0.25
Officer Director
$0 $0 $0
NANCY WHIT SECRETARY 0.25
Officer Director
$0 $0 $0
FABIOLA BRUNACHE DIRECTOR 0.25
Director
$0 $0 $0
NANCY HOWARD DIRECTOR 0.25
Director
$0 $0 $0
CLARIBEL MEJIA DIRECTOR 0.25
Director
$0 $0 $0
JOHN PRINCE DIRECTOR 0.25
Director
$0 $0 $0
MIGUEL QUEZADA PRESIDENT 0.25
Director
$0 $0 $0
GAYLE RODGERS DIRECTOR 0.25
Director
$0 $0 $0
MARILYN CARLSON SENIOR DEPUTY DIRECTOR 1.00
Highest
$0 $4,486 $121,140
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $244,642 $219,652 $322,060 $24,990
2024 No data No data No data No data
2023 $220,415 $254,624 $227,448 $-34,209
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