ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALBANY COMMUNITY LAND TRUST, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 12% surplus.
PRESERVE AND MAINTAIN AFFORDABLE HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS AND FAMILIES IN ALBANY, NEW YORK.
ACLT ACQUIRES AND REHABILITATES VACANT BUILDINGS IN THE LOW-INCOME ALBANY NEIGHBORHOODS OF WEST HILL, ARBOR HILL AND THE SOUTH END. ACLT USES LOANS AND GRANT RESOURCES TO BRING THE PROPERTIES BACK TO...
ACLT ACQUIRES AND REHABILITATES VACANT BUILDINGS IN THE LOW-INCOME ALBANY NEIGHBORHOODS OF WEST HILL, ARBOR HILL AND THE SOUTH END. ACLT USES LOANS AND GRANT RESOURCES TO BRING THE PROPERTIES BACK TO PRODUCTIVE USE AND CONTINUES TO OWN AND MANAGE THESE PROPERTIES AS AFFORDABLE RENTAL PROPERTIES. IN 2023, 60 FAMILIES WERE HELPED FROM THIS PROGRAM.
ACLT'S HOMEOWNERSHIP PROGRAM INVOLVES THE ACQUISITION AND RENOVATION OF A HOME BEFORE SELLING IT TO THE HOMEBUYER. ACLT USES FINANCING AND SUBSIDIES FROM A VARIETY OF SOURCES TO COMPLETE THE...
ACLT'S HOMEOWNERSHIP PROGRAM INVOLVES THE ACQUISITION AND RENOVATION OF A HOME BEFORE SELLING IT TO THE HOMEBUYER. ACLT USES FINANCING AND SUBSIDIES FROM A VARIETY OF SOURCES TO COMPLETE THE REHABILITATION. ACLT RETAINS TITLE TO THE LAND UNDER LAND TRUST PROVISIONS. THE LAND IS THEN LEASED TO THE HOMEBUYER FOR A NOMINAL AMOUNT. ANY FUTURE SALE OF THE RESIDENCE MUST BE TO ANOTHER QUALIFIED HOMEOWNER OR ACLT RETAINS THE RIGHT TO RE-ACQUIRE THE BUILDING AT A PURCHASE PRICE SPECIFIED IN THE LAND LEASE AGREEMENT. THIS ENSURES THAT THE RESIDENCE WILL BE OWNED BY AN APPROVED FAMILY THAT WOULD HAVE MET THE ORIGINALLY DESIGNATED CRITERIA FOR HOMEOWNERSHIP AS DESIGNATED UNDER THE PROGRAM ADMINISTERED BY ACLT. AS OF DECEMBER 31, 2023, 39 FAMILIES HAVE BEEN HELPED BY THIS PROGRAM.
THE ALBANY COMMUNITY LAND TRUST IS A PROGRAM PARTICIPANT IN THE NYS DIVISION OF CRIMINAL JUSTICE SERVICE'S PROJECT RISE (RESPOND, INVEST, SUSTAIN, EMPOWER) PROGRAM. DCJS PROVIDED $500,000 IN AN 18...
THE ALBANY COMMUNITY LAND TRUST IS A PROGRAM PARTICIPANT IN THE NYS DIVISION OF CRIMINAL JUSTICE SERVICE'S PROJECT RISE (RESPOND, INVEST, SUSTAIN, EMPOWER) PROGRAM. DCJS PROVIDED $500,000 IN AN 18 MONTH CONTRACT (STARTING JANUARY 2023) TO ACLT TO SUPPORT COMMUNITYBASED INITIATIVES TO ADDRESS GUN VIOLENCE. DCJS APPROVED PASS THROUGH GRANTS TO 3 SUBGRANTEES FOR A TOTAL OF $210,000, AND ACLT RETAINED $290,000 FOR IMPLEMENTATION OF PROGRAMS SUCH AS WORKFORCE DEVELOPMENT, PEER MENTORING, MENTAL HEALTH SERVICES AND COMMUNITY BUILDING ACTIVITIES.
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 | $1,155,550 | $1,054,157 | +0.1% |
| Expenses | $1,022,424 | $1,189,348 | -0.1% |
| Net Income | $133,126 | $-135,191 | -2.0% |
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 |
|---|---|---|---|---|---|---|
| METORCERY WILSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES WAUGAMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTHA CODIO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NISHAEA RICHARDSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA BLUNT-BEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| APRECIA CABEY | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HERB MCLAUGHLIN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NEIL HANNAN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROGER MARKOVICS | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN COTNER | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$8,000 | $0 | $8,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,155,550 | $1,022,424 | $3,586,111 | $133,126 |
| 2022 | $1,054,157 | $1,189,348 | $3,293,149 | $-135,191 |
| 2021 | $1,189,520 | $914,989 | $3,279,832 | $274,531 |
| 2020 | $1,245,859 | $1,140,760 | $2,980,928 | $105,099 |
| 2019 | $1,056,937 | $780,540 | $2,799,356 | $276,397 |
| 2018 | $759,142 | $713,517 | $2,787,168 | $45,625 |
Compare ALBANY COMMUNITY LAND TRUST with other nonprofits in New York and across the country.