PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST

EIN: 871177063 501(c)(3) Community Improvement

MINNEAPOLIS, MN

Total Revenue
$548,421
Total Expenses
$877,303
Total Assets
$3,083,902
Net Assets
$2,459,989
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MN
Principal Officer
DOMONIQUE JONES
Phone
6125048325
Tax Period
2023-01-01 to 2023-12-31

PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $548K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $877K exceeded revenue, resulting in a 60% operating deficit.

Mission

The mission of Partnership in Property Commercial Land Trust (PIPCLT) is to (re)develop and preserve long-term affordable commercial spaces through community driven ownership of land.

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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 (2023)

Revenue Breakdown

Contributions & Grants $483,093
Program Service Revenue $65,251
Investment Income $77
Other Revenue $0
TOTAL REVENUE $548,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $473,773
Fundraising Expenses $13,550
Program Expenses $53,039
Other Expenses $403,530
TOTAL EXPENSES $877,303

Year-over-Year Comparison

2023 2022 Change
Revenue $548,421 $2,446,548 -0.8%
Expenses $877,303 $521,583 +0.7%
Net Income $-328,882 $1,924,965 -1.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
5
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
0
$0
Total Directors
19
$50,864
Key Employees
2
$202,471
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOMONIQUE JONES EXECUTIVE DIRECTOR 40
Key Emp
$151,607 $0 $151,607
FELICIA PERRY REAL ESTATE MANAGER 40
Highest
$92,273 $0 $92,273
CHERRISH HOLLIE BOARD CHAIR 2
Director
$0 $0 $0
DEVON NOLEN BOARD VICE CHAIR 1
Director
$0 $0 $0
ANNA SCHMIEL BOARD SECRETARY 2
Director
$0 $0 $0
ZAHNIA HARUT BOARD SECRETARY 1
Director
$0 $0 $0
ANTHONY BAILEY BOARD MEMBER/BOARD TREASURER 1
Director
$0 $0 $0
BARBARA HALL BOARD MEMBER 1
Director
$0 $0 $0
LYDIA MILLARD BOARD MEMBER 1
Director
$0 $0 $0
DAVIS SENSEMAN BOARD MEMBER 1
Director
$0 $0 $0
QANNANI OMAR BOARD MEMBER 1
Director
$0 $0 $0
DANIELLE MKALI BOARD MEMBER 1
Director
$0 $0 $0
MALIZA KALEMA BOARD MEMBER 1
Director
$0 $0 $0
EDWARDO RIKPRASHAD BOARD MEMBER/ BOARD VICE CHAIR 1
Director
$0 $0 $0
BEN DOSSMAN BOARD MEMBER/ BOARD TREASURER 1
Director
$0 $0 $0
MARK FICK BOARD TREASURER 1
Director
$0 $0 $0
KOWSAR MOHAMED BOARD MEMBER 1
Director
$0 $0 $0
ARTHUR MARTIN BOARD SECRETARY 2
Director Key Emp
$50,864 $0 $50,864
REUBEN MOORE BOARD MEMBER 1
Director
$0 $0 $0
LEBOGANG KEKANA BOARD MEMBER 1
Director
$0 $0 $0
LATICHIA HARPER BOARD MEMBER 1
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 No data No data No data No data
2023 $548,421 $877,303 $3,083,902 $-328,882
2022 $2,446,548 $521,583 $2,922,658 $1,924,965
2021 $564,321 $82,008 $537,515 $482,313
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