FORT WORTH COMMUNITY LAND TRUST

EIN: 932188178 501(c)(3) Housing & Shelter

FORT WORTH, TX

Total Revenue
$8,873,068
Total Expenses
$289,176
Total Assets
$19,780,825
Net Assets
$15,846,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
BECKY GLIGO
Phone
6825516031
Tax Period
2024-01-01 to 2024-12-31

FORT WORTH COMMUNITY LAND TRUST, founded in 2023, is a community nonprofit in the Housing & Shelter sector that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 97% operating margin.

Mission

The Fort Worth Community Land Trust (FWCLT) was created to provide relief to the poor and distressed and combat community deterioration. Specifically, FWCLT will create, steward and preserve a permanent supply of safe, secure, and affordable housing for low and moderate income people in multiple neighborhoods across the city to ensure that Fort Worth neighborhoods are diverse and inclusive.

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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 $8,794,219
Program Service Revenue $0
Investment Income $44,349
Other Revenue $34,500
TOTAL REVENUE $8,873,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,462
Fundraising Expenses $0
Program Expenses $221,735
Other Expenses $253,714
TOTAL EXPENSES $289,176

Year-over-Year Comparison

2024 2023 Change
Revenue $8,873,068 $7,261,929 +0.2%
Expenses $289,176 $9,263 +30.2%
Net Income $8,583,892 $7,252,666 +0.2%
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

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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
11

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
$29,769
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BECKY GLIGO Executive Dir. 40.00
Officer
$29,769 $0 $29,769
BRANDON HILL President 1.00
Officer Director
$0 $0 $0
DONNA VANNESS BOARD MEMBER 1.00
Director
$0 $0 $0
FERNANDO COSTA BOARD MEMBER 1.00
Director
$0 $0 $0
GRANT COATES Treasurer 1.00
Officer Director
$0 $0 $0
JAY MCCALL Secretary 1.00
Officer Director
$0 $0 $0
JEREMY SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER BRIM BOARD MEMBER 1.00
Director
$0 $0 $0
NIKETA DENNIS BOARD MEMBER 1.00
Director
$0 $0 $0
JESICA MCEACHERN BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLETRA SHARP BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN WELBORN BOARD MEMBER 1.00
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 $8,873,068 $289,176 $19,780,825 $8,583,892
2023 $7,261,929 $9,263 $11,021,672 $7,252,666
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