Elevation Community Land Trust
Elevation Community Land Trust reported $15.4 million in revenue and $8.1 million in expenses for calendar year 2024. Of every $100 it spent, $87.49 went to program services, $9.46 to management and general costs and $3.05 to fundraising. Its largest source of revenue was contributions and grants: 105.1% of the total. Government grants made up 86.1%. The highest compensation it reported for one person was $271,812 (PRESIDENT AND CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 90% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.1MFor 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)$15.35 $2.9M
- Government grants$69.66 $13M
- Program service revenue$14.99 $2.9M
Investment income was negative: −$3.7M. 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) | 87.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 105.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 86.1% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 18.5% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $271,812 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.34% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 8 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 62.1 | 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 expenseEclt 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 ($3,833,417 in 2024 shown on…
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 |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 45.00 hrs/week | $214,354 | $0 | $57,458 | $271,812 |
| CHIEF FINANCIAL OFFICER Officer, 45.00 hrs/week | $173,955 | $0 | $41,086 | $215,041 |
| VP OF REAL ESTATE Highest compensated employee, 45.00 hrs/week | $125,120 | $0 | $46,116 | $171,236 |
| VP SOCIAL IMPACT & WEALTH EQUITY Highest compensated employee, 40.00 hrs/week | $123,478 | $0 | $38,108 | $161,586 |
| CONTROLLER DIRECTOR OF ACCOUNTING Highest compensated employee, 40.00 hrs/week | $103,969 | $0 | $35,102 | $139,071 |
| REAL ESTATE PROJECT MANAGER Highest compensated employee, 40.00 hrs/week | $101,950 | $0 | $22,417 | $124,367 |
| CHIEF PROGRAM OFFICER Officer, 45.00 hrs/week | $78,592 | $0 | $15,232 | $93,824 |
| CHIEF STRATEGY OFFICER Officer, 45.00 hrs/week | $60,634 | $0 | $10,413 | $71,047 |
8 people received more than $100,000 in reportable compensation from Elevation Community Land Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $652K (Part IX, line 5).
4 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 11aYes
- 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 4Yes
- 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 517
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BLUE SPRINGS CONSTRUCTION Home rehabilitation services | $1,436,004 |
| BONSAI DESIGN BUILD LLC Home builder/developer/contractor | $185,815 |
| 1200 RALEIGH LLC Home rehabilitation services | $114,458 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Elevation Community Land Trust totaling $2.3M 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 Elevation 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 Elevation Community Land Trust, you can publish a response that is linked from this page.
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Of every $100 Elevation Community Land Trust spent in 2024, $87.49 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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- New Community CorporationNewark, NJ · revenue $15M · programs 85.5% · 2024
All housing & shelter charities · Largest charities in Colorado
Questions people ask
How much of Elevation Community Land Trust's spending goes to programs?
In calendar year 2024, Elevation Community Land Trust reported that 87.5% of its $8.1 million in expenses went to program services, 9.5% to management and general and 3.0% to fundraising (Form 990, Part IX).
How much does Elevation Community Land Trust pay its top executive?
The largest total compensation Elevation Community Land Trust reported for one person in calendar year 2024 was $271,812, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Elevation Community Land Trust get its money?
Of $15.4 million in revenue in calendar year 2024, 105.1% came from contributions and grants (including 86.1% from government grants) and 18.5% from program service revenue (Form 990, Part VIII).
Is Elevation Community Land Trust a registered charity?
The IRS lists EIN 85-0671360 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 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 202513179349306691 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423139349302832 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349311200 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349304017 · read the filing
All filings for EIN 85-0671360: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.