Community Housing Trust of Sarasota Inc.
Community Housing Trust of Sarasota Inc.
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About this organization
Revenue
$8,560
Expenses
$25,587
Mission
To create permanently affordable housing opportunities for low and moderate income individuals and families. CHT works with public, private, and other non-profit groups and partners with financial institutions and great sources to increase the supply of affordable homes.
About
Employer assisted housing program - the organization intends to create permanent affordability by acquiring land and building homes for qualified individuals. A low market ninety-nine year ground lease on the land in exchange for a below-market rate purchase price for their home includes a purchase option for the organization to purchase the house if the buyer intends to sell. Further, if the buyer sells the house at a future date to a qualified third party, the organization has the right to receive a percentage of the appreciated value of the house as defined in the agreement.
Interesting data from their 2019 990 filing
According to the filing documents, the non-profit's mission is defined as “To create permanently affordable housing opportunities for low and moderate income individuals and families. cht works with public, private, and other non-profit groups and partners with financial institutions and great sources to increase the supply of afforable homes.”.
When referring to its tasks, they were referred to as: “To create permanently affordable housing opportunities for low and moderate income individuals and families. cht works with public, private, and other non-profit groups and partners with financial institutions and great sources to increase the supply of afforable homes.”.
- The non-profit's state of operation has been legally reported as FL.
- According to the latest filing, the non-profit's address in 2019 is 1945 FRUITVILLE ROAD, SARASOTA, FL, 34236.
- The total number of employees reported by the non-profit on their form for 2019 is 0.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$17,027.
- The CEO compensation package within the organization is not determined through a thorough evaluation and endorsement by a neutral source.
- The organization has 8 independent voting members.
- The organization was formed in 2005.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.