DWELLING PLACE REGIONAL COMMUNITY … - Form 990 Financial Data

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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

VINCE LAMBERT

Phone

6168550411

Tax Period

2024-01-01 to 2024-12-31

DWELLING PLACE REGIONAL COMMUNITY LAND TRUST, founded in 2020, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1744% from the prior year, signaling strong growth momentum. The organization ran a surplus of $899K, a strong 73% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR LOW-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THEM ON A LONG-TERM BASIS.

Program Service Accomplishments

Program 1

Expenses: $300,549 Revenue: $145,627

AS A COMMUNITY LAND TRUST, DP CLT PROVIDES VOLUNTARY ASSISTANCE FOR LOW-INCOME WORKING FAMILIES BY PROVIDING EQUITY FUNDING TO PERMANENTLY REDUCE THE COST OF HOMES FOR INCOME-QUALIFIED HOME BUYERS...

AS A COMMUNITY LAND TRUST, DP CLT PROVIDES VOLUNTARY ASSISTANCE FOR LOW-INCOME WORKING FAMILIES BY PROVIDING EQUITY FUNDING TO PERMANENTLY REDUCE THE COST OF HOMES FOR INCOME-QUALIFIED HOME BUYERS. LOW-INCOME HOUSEHOLDS WILL PURCHASE AND OWN AFFORDABLY PRICED HOMES AND ENTER AN 89 YEAR GROUND LEASE AGREEMENT GRANTING THEM AN EXCLUSIVE, DURABLE, ENFORCEABLE RIGHT TO THE LOT ON WHICH THEIR HOME SITS; THE LEASE WILL BE ASSIGNABLE TO QUALIFIED HEIRS AND RENEWABLE FOR A SECOND 89 YEAR TERM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,334,250

Program Service Revenue $145,627

Investment Income $-245,802

Other Revenue $0

TOTAL REVENUE $1,234,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,549

Other Expenses $334,822

TOTAL EXPENSES $334,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,234,075	$66,916	+17.4%
Expenses	$334,822	$241,557	+0.4%
Net Income	$899,253	$-174,641	-6.1%

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

N/A

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

$963,419

Total Directors

$240,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY DEROO	FORMER CEO	0.10	Officer Director	$0	$0	$240,829
RICH KOGELSCHATZ	TRUSTEE	0.10	Director	$0	$0	$0
LEE NELSON WEBER	TRUSTEE	0.10	Officer Director	$0	$0	$0
DORETHA ARDOIN	TRUSTEE	0.10	Director	$0	$0	$0
KIM SIMS	TRUSTEE	0.10	Officer Director	$0	$0	$0
GIL SEGOVIA	FORMER TRUSTEE	0.10	Director	$0	$0	$0
GEORGE LARIMORE	TRUSTEE	0.10	Director	$0	$0	$0
JEFF WASHBURNE	TRUSTEE	0.10	Director	$0	$0	$0
ALONDA TRAMMELL-MILLER	CHIEF PROGRAMS OFFICER	0.10	Officer	$0	$0	$177,424
FELISHA RODRIGUEZ	FORMER COO	0.10	Officer	$0	$0	$201,112
VINCE LAMBERT	CHIEF FINANCIAL OFFICER	0.10	Officer	$0	$0	$170,410
JACOB HORNER	CHIEF REAL ESTATE DEVELOPM	0.10	Officer	$0	$0	$173,644

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	$1,234,075	$334,822	$10,660,756	$899,253
2023	$66,916	$241,557	$3,461,259	$-174,641
2022	$486,541	$408,973	$811,728	$77,568
2021	$585,534	$316,860	$521,542	$268,674
2020	$132,755	$132,755	No data	No data

DWELLING PLACE REGIONAL COMMUNITY LAND TRUST