The Rondo Community Land Trust
The Rondo Community Land Trust reported $14.8 million in revenue and $7.9 million in expenses for calendar year 2024. Of every $100 it spent, $94.84 went to program services, $3.33 to management and general costs and $1.83 to fundraising. Its largest source of revenue was contributions and grants: 97.2% of the total. Government grants made up 35.5%. The highest compensation it reported for one person was $140,655 (EXECUTIVE DIRECTOR). 2 people received more than $100,000 in reportable compensation. Revenue rose 5292% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $7.9MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15M- Contributions & grants (non-government)$61.13 $9.1M
- Government grants$35.21 $5.3M
- Program service revenue$1.61 $240K
- Investment income$2.05 $306K
Other revenue was negative: −$126K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.2% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 35.5% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.6% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $140,655 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.77% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 29.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe organization, a Community Land Trust (clt), achieves permanent, long term housing affordability through the use of ground leases. Clt homebuyers purchase only the house, and enter into a 99 year ground lease with the organization for the exclusive use of the land. The organization's ground lease states that when a homeowner decides to sell their home, the house is sold to another low to moderate income household for the original purchase price plus 25% of any appreciation in the home's value. By limiting market appreciation, permanent affordability is ensured and initial subsidies…
The Rondo Community Land Trust (rondo clt) created the rondo development on selby, llc. A subsidiary limited liability corporation for the selby milton victoria (smv) commercial Land Trust and senior housing project on selby avenue. Rondo clt, along with its partner community housing development corporation (chdc), developed two mixed use commercial/residential buildings. These buildings provide long-term affordable commercial space for small, local, and minority owned businesses along with affordable senior housing. The buildings are located at 852 selby and 940 selby in st. Paul. There are…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $128,139 | $0 | $12,516 | $140,655 |
| DEPUTY DIRECTOR Highest compensated employee, 40.00 hrs/week | $104,561 | $0 | $3,137 | $107,698 |
2 people received more than $100,000 in reportable compensation from The Rondo Community Land Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $140K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 510
- Volunteers Part I, line 615
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HOMES BY BELTRAN LLC Construction | $832,999 |
| ZURI 3 CONSTRUCTION LLC Construction | $483,723 |
| IS RESTAURANT DESIGN & EQUIPMENT COMPANY Design & installation services | $300,515 |
| ALL IN ONE ACCOUNTING Accounting services | $175,042 |
| URBANE DEVELOPMENT GROUP LTD Discover & field research climate projec | $150,967 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to The Rondo Community Land Trust totaling $1.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Rondo Community Land Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Rondo Community Land Trust, you can publish a response that is linked from this page.
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Of every $100 The Rondo Community Land Trust spent in 2024, $94.84 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Minnesota
Questions people ask
How much of The Rondo Community Land Trust's spending goes to programs?
In calendar year 2024, The Rondo Community Land Trust reported that 94.8% of its $7.9 million in expenses went to program services, 3.3% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does The Rondo Community Land Trust pay its top executive?
The largest total compensation The Rondo Community Land Trust reported for one person in calendar year 2024 was $140,655, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Rondo Community Land Trust get its money?
Of $14.8 million in revenue in calendar year 2024, 97.2% came from contributions and grants (including 35.5% from government grants) and 1.6% from program service revenue (Form 990, Part VIII).
Is The Rondo Community Land Trust a registered charity?
The IRS lists EIN 41-1753148 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349322564 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443109349300504 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349325140 · read the filing
- 2021: Form 990 for calendar year 2021 (amended), object 202332009349300713 · read the filing
- 2020: Form 990 for calendar year 2020 (amended), object 202321539349300017 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349304238 · read the filing
All filings for EIN 41-1753148: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.