ELEVATION COMMUNITY LAND TRUST

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

STEFKA FANCHI

Phone

7208220052

Tax Period

2023-01-01 to 2023-12-31

ELEVATION COMMUNITY LAND TRUST, founded in 2020, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 50% operating margin.

Mission

ELEVATION COMMUNITY LAND TRUST PARTNERS WITH COMMUNITIES TO CREATE EQUITABLE OPPORTUNITIES FOR FAMILIES THROUGH PERMANENTLY AFFORDABLE HOMEOWNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $6,022,141 Revenue: $6,821,831

ECLT PROVIDES AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES TO ELIGIBLE LOW-TO-MODERATE INCOME COLORADO FAMILIES USING THE COMMUNITY LAND TRUST MODEL, THROUGH WHICH THE IMPROVEMENTS ON A PROPERTY ARE SOLD TO A QUALIFIED HOUSEHOLD AND THE LAND IS HELD IN TRUST AS A COMMUNITY ASSET. ECLT ACQUIRES HOMES, COMPLETES REHABILITATION IF NEEDED, AND SELLS THE HOMES TO LOW-TO-MODERATE INCOME HOUSEHOLDS. SUCH HOMES ARE GENERALLY SOLD AT A LOSS, SINCE THE COST TO ACQUIRE AND AND REHABILITATE A PROPERTY USUALLY EXCEEDS THE AFFORDABLE SALES PRICE TO A QUALIFIED HOMEBUYER. THIS LOSS ($241,542 IN 2023 SHOWN ON PART VIII, LINE 7) REPRESENTS ECLT'S SUBSIDY INVESTMENT TO ENSURE THAT THE HOMES IN ITS PORTFOLIO REMAIN PERMANENTLY AFFORDABLE FOR GENERATIONS TO COME. IN 2023, ECLT SOLD 23 HOMES TO QUALIFIED BUYERS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,736,084

Program Service Revenue $2,171,381

Investment Income $-111,414

Other Revenue $0

TOTAL REVENUE $13,796,051

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $1,989,937

Fundraising Expenses $234,783

Program Expenses $6,022,141

Other Expenses $4,809,382

TOTAL EXPENSES $6,889,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,796,051	$12,223,973	+0.1%
Expenses	$6,889,319	$5,922,826	+0.2%
Net Income	$6,906,732	$6,301,147	+0.1%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$633,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE ESPARZA	DIRECTOR	0.50	Director	$0	$0	$0
KAREN FOX ELWELL	SECRETARY	0.50	Officer Director	$0	$0	$0
ANNE GARCIA	VICE CHAIR & TREASURER	0.50	Officer Director	$0	$0	$0
SHANNON GIFFORD	DIRECTOR	0.50	Director	$0	$0	$0
TOM GOUGEON	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN POWERS	DIRECTOR	0.50	Director	$0	$0	$0
DAVE YOUNGGREN	CHAIR	0.50	Officer Director	$0	$0	$0
KELLY EVANS	DIRECTOR	0.50	Director	$0	$0	$0
ALEJANDRA CHAVEZ	DIRECTOR	0.50	Director	$0	$0	$0
CARMEN MAYTA	DIRECTOR	0.50	Director	$0	$0	$0
JEANNIE NEWELL	DIRECTOR	0.50	Director	$0	$0	$0
STEFKA FANCHI	PRESIDENT AND CEO	45.00	Officer	$207,680	$50,717	$258,397
ROBIN HICKEY	CHIEF FINANCIAL OFFICER	45.00	Officer	$170,201	$37,376	$207,577
LAUREN DEBELL	CHIEF STRATEGY OFFICER	45.00	Officer	$144,007	$23,473	$167,480
DAVID OGUNSANYA	VICE PRESIDENT OF REAL EST	45.00	Highest	$124,548	$40,120	$164,668
TIANA PATTERSON	VP SOCIAL IMPACT & WEALTH	40.00	Highest	$122,662	$33,701	$156,363
JUDITH GOMEZ	CONTROLLER DIRECTOR OF ACCOUNTING	40.00	Highest	$102,204	$31,837	$134,041
SHANNON MCGINTY	REAL ESTATE PROJECT MANAGER	40.00	Highest	$100,817	$20,955	$121,772

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	No data	No data	No data	No data
2023	$13,796,051	$6,889,319	$82,848,781	$6,906,732
2022	$12,223,973	$5,922,826	$67,907,518	$6,301,147
2021	$8,122,320	$5,309,593	$49,445,560	$2,812,727