Community Land Trust Of Palm Beach County
Community Land Trust of Palm Beach County consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 205090958 · Lake Worth, FL · NTEE: L20 · Updated: 2026-03-28
Is Community Land Trust Of Palm Beach County Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Land Trust Of Palm Beach County directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Land Trust Of Palm Beach County
Community Land Trust Of Palm Beach County (EIN: 205090958) is a nonprofit organization based in Lake Worth, FL, classified under NTEE code L20. The organization reported total revenue of $1.4M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Land Trust Of Palm Beach County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Land Trust Of Palm Beach County with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Community Land Trust Of Palm Beach County allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized differently, which enhances transparency regarding direct officer salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Land Trust Of Palm Beach County's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most recent years, e.g., $871,895 expenses vs. $470,845 revenue in 2023).
- Liabilities frequently exceed assets (e.g., $9,551,981 liabilities vs. $8,684,877 assets in 2023), indicating a potentially high debt burden relative to equity.
Strengths
The following positive indicators were identified for Community Land Trust Of Palm Beach County:
- Substantial asset base ($9,358,473 latest assets), indicating significant resources dedicated to its mission.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to minimizing executive overhead or a volunteer-driven leadership.
- Long filing history (13 filings), indicating consistent compliance and operational longevity.
Frequently Asked Questions about Community Land Trust Of Palm Beach County
Is Community Land Trust Of Palm Beach County a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Land Trust Of Palm Beach County (EIN: 205090958) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Community Land Trust Of Palm Beach County spend its money?
Community Land Trust Of Palm Beach County directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Land Trust Of Palm Beach County tax-deductible?
Community Land Trust Of Palm Beach County is registered as a tax-exempt nonprofit (EIN: 205090958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization cover its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $871,895 expenses vs. $470,845 revenue in 2023). This suggests they are either drawing down reserves, utilizing prior year surpluses, or receiving non-operating income not reflected in the 'Revenue' line item, which warrants further investigation into their funding model.
What is the nature of the organization's liabilities, which often exceed assets?
The organization's liabilities have frequently exceeded its assets, for example, $9,551,981 in liabilities against $8,684,877 in assets in 2023. Given its NTEE code and asset type, these liabilities likely represent mortgages or other financing related to its land and housing programs. Understanding the terms and sustainability of this debt is crucial.
How does the organization sustain its operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and asset base. This could indicate a fully volunteer executive leadership, or that compensation is reported under other expense categories, which would impact the true administrative cost.
Filing History
IRS 990 filing history for Community Land Trust Of Palm Beach County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Land Trust Of Palm Beach County's revenue has declined by 43.9%, moving from $839K to $471K. Total assets increased by 206.2% over the same period, from $2.8M to $8.7M. Total functional expenses rose by 28.2%, from $680K to $872K. In its most recent filing year (2023), Community Land Trust Of Palm Beach County reported a deficit of $401K, with expenses exceeding revenue. The organization holds $9.6M in liabilities against $8.7M in assets (debt-to-asset ratio: 110.0%), resulting in net assets of $-867,104.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $471K | $872K | $8.7M | $9.6M | — | — |
| 2022 | $941K | $1.0M | $7.7M | $8.2M | — | — |
| 2021 | $-51,546 | $847K | $7.2M | $7.6M | — | View 990 |
| 2020 | $471K | $748K | $8.3M | $7.8M | — | — |
| 2019 | $565K | $707K | $8.5M | $7.7M | — | View 990 |
| 2018 | $618K | $850K | $12.0M | $10.7M | — | View 990 |
| 2017 | $735K | $749K | $12.4M | $10.8M | — | View 990 |
| 2016 | $276K | $1.1M | $9.2M | $7.6M | — | View 990 |
| 2015 | $266K | $812K | $8.5M | $6.0M | — | View 990 |
| 2014 | $249K | $789K | $8.9M | $5.9M | — | View 990 |
| 2013 | $1.1M | $810K | $9.4M | $5.8M | — | View 990 |
| 2012 | $1.7M | $690K | $8.9M | $5.6M | — | View 990 |
| 2011 | $839K | $680K | $2.8M | $490K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $471K, expenses of $872K, and assets of $8.7M (revenue -50.0% year-over-year).
- 2022: Revenue of $941K, expenses of $1.0M, and assets of $7.7M.
- 2021: Revenue of $-51,546, expenses of $847K, and assets of $7.2M (revenue -110.9% year-over-year).
- 2020: Revenue of $471K, expenses of $748K, and assets of $8.3M (revenue -16.6% year-over-year).
- 2019: Revenue of $565K, expenses of $707K, and assets of $8.5M (revenue -8.6% year-over-year).
- 2018: Revenue of $618K, expenses of $850K, and assets of $12.0M (revenue -15.9% year-over-year).
- 2017: Revenue of $735K, expenses of $749K, and assets of $12.4M (revenue +166.0% year-over-year).
- 2016: Revenue of $276K, expenses of $1.1M, and assets of $9.2M (revenue +3.8% year-over-year).
- 2015: Revenue of $266K, expenses of $812K, and assets of $8.5M (revenue +6.8% year-over-year).
- 2014: Revenue of $249K, expenses of $789K, and assets of $8.9M (revenue -76.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $810K, and assets of $9.4M (revenue -36.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $690K, and assets of $8.9M (revenue +99.3% year-over-year).
- 2011: Revenue of $839K, expenses of $680K, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Community Land Trust Of Palm Beach County is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.