AFRICATOWN COMMUNITY LAND TRUST

EIN: 821710458 501(c)(3) Housing & Shelter

Seattle, WA

Total Revenue
$7,207,996
Total Expenses
$7,832,683
Total Assets
$21,424,465
Net Assets
$3,221,404
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WA
Principal Officer
Jacqueline Armstrong
Tax Period
2024-01-01 to 2024-12-31

AFRICATOWN COMMUNITY LAND TRUST, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

Acquire, steward, develop land assets in the greater Seattle area to preserve and support Seattles Black/African diaspora community. Work with local stakeholders and the City of Seattle to provide affordable housing for vulnerable, disadvantaged Seattle residents.

Program Service Accomplishments

Program 1
Expenses: $4,280,993

Africatown Community Land Trust (ACLT) completed a $13.8 million acquisition of the former Keiro Rehabilitation Center, a full block in the heart of the Central District previously slated for...

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Africatown Community Land Trust (ACLT) completed a $13.8 million acquisition of the former Keiro Rehabilitation Center, a full block in the heart of the Central District previously slated for market-rate development. In the midst of Seattles homelessness crisis, Benu Community Home made use of the existing facilities and established a culturally responsive shelter focused on reducing the disproportionate over-representation of unsheltered, Black men within the population. ACLT received funding from City of Seattle Human Services Department and King County Regional Homeless Authority. Hosted several community listening and outreach sessions to address concerns and discuss plans for Benu Community Home. Benu Community Home staff welcomed its first group of 30 community residents on December 1st 2021. For 2024, 190 individuals have been served, 116 Individuals got housing and 54 individuals got a temporary housing.

Program 2
Expenses: $1,517,338

The organizations other program service activities include Africatown Plaza, Youth Achievement Center, South Walker and community events

Program 3
Expenses: $503,716

The William Grose Center was revitalized, transformed, and officially opened its doors in the summer of 2022. WGC engages, empowers, and uplifts Seattles Black community by providing necessary...

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The William Grose Center was revitalized, transformed, and officially opened its doors in the summer of 2022. WGC engages, empowers, and uplifts Seattles Black community by providing necessary resources- through the amplification of physical, intellectual and cultural assets-to break into new and emerging industries. The Center continues to function as a hub for entrepreneurship and small business development while serving as a nexus for innovation in Seattles Central District. WGC provided various programs to youth and adults in the community. Some of those programs included 7 Mad construction architecture workshops, 14 Time Armor Hackathon & Workshops, 17 Media Content, 15 Summer University Shirt workshops, 13 Summer of Sensors, 12 Smart Farming Summer Program: AI in Hydroponics & Vertical Farming, 24 FIUTS SUSI, 12 Virtual reality, 12 AI business development and 18 Worlds food cooking class.

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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 $6,976,388
Program Service Revenue $11,928
Investment Income $0
Other Revenue $219,680
TOTAL REVENUE $7,207,996

Expense Breakdown

Grants Paid $121,564
Salaries & Benefits $3,166,159
Fundraising Expenses $184,085
Program Expenses $6,302,047
Other Expenses $4,544,960
TOTAL EXPENSES $7,832,683

Year-over-Year Comparison

2024 2023 Change
Revenue $7,207,996 N/A N/A
Expenses $7,832,683 N/A N/A
Net Income $-624,687 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
59
Volunteers
N/A

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
2
$0
Total Directors
3
$0
Key Employees
1
$223,250
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
K Wyking Garrett Chief Executive Officer 50.00
Key Emp
$223,250 $0 $223,250
Cochise More Director of Operations 40.00
Highest
$112,350 $0 $112,350
Rita Green Finance Director 40.00
Highest
$112,350 $0 $112,350
Jorge Perez-Barros Program Coordinator 40.00
Highest
$111,332 $0 $111,332
Jacqueline Armstrong Chair 4.00
Officer Director
$0 $0 $0
Evan Kim Treasurer 4.00
Officer Director
$0 $0 $0
Imani Moronkola Board Member 4.00
Director
$0 $0 $0
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
2024 $7,207,996 $7,832,683 $21,424,465 $-624,687
2023 $7,121,393 $7,259,906 $20,444,144 $-138,513
2022 $7,969,878 $7,339,776 $19,114,449 $630,102
2021 $4,812,847 $2,083,342 $18,901,202 $2,729,505
2020 $1,726,990 $1,282,955 $2,025,701 $444,035
2019 $436,258 $367,688 $1,447,465 $68,570
2018 $161,755 $182,360 $1,316,395 $-20,605
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