LAKE WORTH, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 21% operating margin.
IT IS THE MISSION OF THE COMMUNITY LAND TRUST OF PALM BEACH COUNTY TO INCREASE THE PERMANENT SUPPLY OF HOUSING AFFORDABLE FOR VERY-LOW, LOW AND MODERATE INCOME RESIDENTS IN PALM BEACH COUNTY BY UNDERTAKING THE FOLLOWING ACTIVITIES: LAND ACQUISITION, HOUSING DEVELOPMENT AND PRESERVATION; TO CREATE A PERMANENT SUPPLY OF BOTH RENTAL AND HOWEOWNERSHIP OPPORTUNITIES; TO DEVELOP THE COMMUNTIY LAND TRUST MODEL AS AN EFFECTIVE TOOL IN MEETING THE LONG TERM AFFORDABLE HOUSING NEEDS OF PALM BEACH COUNTY RESIDENTS; TO CREATE VIBRANT MIXED-INCOME COMMUNITIES CONSISTING OF VERY-LOW, LOW AND MODERATE INCOME FAMILIES; TO UNDERTAKE A CLIENT FOCUSED APPROACH TO COMMUNITY DEVELOPMENT; TO CREATE SUSTAINABLE COMMUNITIES AND TO COLLABORATE.
THROUGH THE COMMITMENT OF ITS ALL-VOLUNTEER BOARD OF DIRECTORS, THE DEDICATION OF ITS STAFF, AND SUPPORT OF ITS MEMBERS, THE CLT OF PBCTC HAS BEEN ABLE TO ACCOMPLISH THE FOLLOWING IN FY...
THROUGH THE COMMITMENT OF ITS ALL-VOLUNTEER BOARD OF DIRECTORS, THE DEDICATION OF ITS STAFF, AND SUPPORT OF ITS MEMBERS, THE CLT OF PBCTC HAS BEEN ABLE TO ACCOMPLISH THE FOLLOWING IN FY 2023-24:COMPLETED THE LAKE WORTH BEACH E STREET CLT COTTAGE HOMES PROJECT. THIS PROJECT IS COMPRISED OF THREE 3 BD/2BA SINGLE FAMILY HOMES TARGETED TO 100% AMI HOMEBUYERS. THE PROJECT WAS AWARDED $287,700 IN AMERICAN RECOVERY ACT DOLLARS FROM PALM BEACH COUNTY AND THE LWBCRA DONATED THE LOTS. BELOW MARKET CONSTRUCTION FINANCING WAS PROVIDED BY JP MORGAN CHASE THROUGH THEIR PRONEIGHBORHOODS GRANT PROGRAM. BEGAN PREDEVELOPMENT OF THE LAKE WORTH BEACH CLT VILLAS PROJECT. THIS PHASE OF THE LAKE WORTH BEACH CLT COTTAGE HOMES PROJECT WILL BE COMPRISED OF EIGHT 3 BED/2BA ATTACHED SINGLE FAMILY HOMES ON 4 LOTS. THE LOTS WERE DONATED BY THE LAKE WORTH BEACH CRA. THE UNITS WILL BE TARGETED TO HOUSEHOLDS WITH INCOMES AT OR BELOW 80% OF THE AMI. THE PROJECT HAS BEEN AWARDED $1 MILLION IN FEDERAL HOME CHDO FUNDING AND HAS RECEIVED CONCEPTUAL APPROVAL OF $1.64 MILLION IN PALM BEACH COUNTY HOUSING BOND FINANCING.SOLD 3 (THREE) AFFORDABLE HOUSES UNDER THE COMMUNITY LAND TRUST MODEL OF HOMEOWNERSHIP TO ELIGIBLE HOUSEHOLDS WITH INCOMES BELOW 100% AMI.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,161,237 | $470,845 | +1.5% |
| Expenses | $921,753 | $871,895 | +0.1% |
| Net Income | $239,484 | $-401,050 | -1.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIMOTHY P WHEAT | PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| TAMMY MCDONALD | VICE PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW ZEEMAN | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SILVIA RICKETTS | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY ERAZO | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| TANGENICA HENRY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DERRICK PENN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| RANDY S WERTEPNY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SANDRA YOUNG | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CYNTHIA LACOURSE-BLUM | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$115,254 | $3,420 | $118,674 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,161,237 | $921,753 | $9,358,473 | $239,484 |
| 2023 | $470,845 | $871,895 | $8,684,877 | $-401,050 |
| 2022 | $941,353 | $1,042,573 | $7,684,960 | $-101,220 |
| 2021 | $-51,546 | $846,722 | $7,237,875 | $-898,268 |
| 2020 | $471,117 | $747,567 | $8,343,800 | $-276,450 |
| 2019 | $564,708 | $707,217 | $8,531,418 | $-142,509 |
| 2018 | $618,076 | $850,267 | $12,026,731 | $-232,191 |
Compare COMMUNITY LAND TRUST OF PALM BEACH COUNTY AND THE TREASURE COAST INC with other nonprofits in Florida and across the country.