DURHAM COMMUNITY LAND TRUSTEES INC

EIN: 561203878 501(c)(3) Housing & Shelter

DURHAM, NC

Total Revenue
$4,570,542
Total Expenses
$3,865,393
Total Assets
$30,920,321
Net Assets
$17,651,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
SHERRY TAYLOR
Phone
9194900063
Tax Period
2024-07-01 to 2025-06-30

DURHAM COMMUNITY LAND TRUSTEES INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $705K, a strong 15% operating margin.

Mission

BUILD STRONG COMMUNITIES BY DEVELOPING, MANAGING, AND ADVOCATING FOR PERMANENT AFFORDABLE HOUSING THAT PROVIDES DURHAM RESIDENTS WITH LOW TO MODERATE INCOMES A STABLE FOUNDATION FOR ACHIEVING ECONOMIC SECURITY.

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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 $2,253,052
Program Service Revenue $1,958,610
Investment Income $358,111
Other Revenue $769
TOTAL REVENUE $4,570,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,207,634
Fundraising Expenses $220,780
Program Expenses $2,920,828
Other Expenses $2,657,759
TOTAL EXPENSES $3,865,393

Year-over-Year Comparison

2024 2023 Change
Revenue $4,570,542 $12,502,669 -0.6%
Expenses $3,865,393 $2,865,765 +0.3%
Net Income $705,149 $9,636,904 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
13
Volunteers
134

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
4
$127,757
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA MYERS PRESIDENT 1.00
Officer Director
$0 $0 $0
ROCHELLE ARAUJO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DOUG BUDDY AMIS TREASURER 1.00
Officer Director
$0 $0 $0
ANTOINE FREEMAN MEMBER 1.00
Director
$0 $0 $0
CHARLES EBEL MEMBER 1.00
Director
$0 $0 $0
KARL TONY GINYARD MEMBER 1.00
Director
$0 $0 $0
LAURA FRIEDERICH MEMBER 1.00
Director
$0 $0 $0
THERESA TURNER MEMBER 1.00
Director
$0 $0 $0
ARIEL SPRINGFIELD MEMBER 1.00
Director
$0 $0 $0
JEAN THIBODEAUX MEMBER 1.00
Director
$0 $0 $0
MICHAEL ENGLISH MEMBER 1.00
Director
$0 $0 $0
GRAHAM FITZSIMONS MEMBER 1.00
Director
$0 $0 $0
RACHEAL V HAMMOND MEMBER 1.00
Director
$0 $0 $0
SABRINA IRIZARRY MEMBER 1.00
Director
$0 $0 $0
SHERRY TAYLOR EXECUTIVE DIRECTOR 40.00
Officer
$127,757 $0 $127,757
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 $4,570,542 $3,865,393 $30,920,321 $705,149
2024 No data No data No data No data
2023 $3,112,357 $2,383,170 $16,276,390 $729,187
2022 $2,449,395 $2,261,644 $15,575,971 $187,751
2021 $2,494,261 $2,041,274 $14,237,352 $452,987
2020 $2,288,339 $1,861,303 $13,448,414 $427,036
2019 $2,867,164 $1,827,483 $12,779,371 $1,039,681
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