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ALBANY COMMUNITY LAND TRUST
ALBANY, NY · EIN 222908723 · Form 990 · FY2024 · NTEE L200 · Housing & Shelter · Medium ($1M-$10M) · albanyclt.com
revenue
$1.5M
expenses
$1.4M
net assets
$1.9M
employees
1
volunteers
2
program ratio
94%
mission · from form 990

PRESERVING AND MAINTAINING AFFORDABLE HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS AND FAMILIES IN ALBANY, NEW YORK.

profile · synthesized from sources

Albany Community Land Trust preserves and maintains affordable housing for low-income and disadvantaged individuals and families in Albany, New York. The organization acquires and renovates homes, selling them to qualified buyers while retaining ownership of the land to ensure long-term affordability. It also provides rental housing and supports community stability through anti-gun violence initiatives and neighborhood programs.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $576K
    ACLT'S HOMEOWNERSHIP PROGRAM INVOLVES THE ACQUISITION AND RENOVATION OF A HOME BEFORE SELLING IT TO THE HOMEBUYER. ACLT USES FINANCING AND SUBSIDIES FROM A VARIETY OF SOURCES TO COMPLETE THE REHABILITATION. ACLT RETAINS TITLE TO THE LAND UNDER LAND TRUST PROVISIONS. THE LAND IS THEN LEASED TO THE HOMEBUYER FOR A NOMINAL AMOUNT. ANY FUTURE SALE OF THE RESIDENCE MUST BE TO ANOTHER QUALIFIED HOMEOWNER OR ACLT RETAINS THE RIGHT TO RE-ACQUIRE THE BUILDING AT A PURCHASE PRICE SPECIFIED IN THE LAND LEASE AGREEMENT. THIS ENSURES THAT THE RESIDENCE WILL BE OWNED BY AN APPROVED FAMILY THAT WOULD HAVE MET THE ORIGINALLY DESIGNATED CRITERIA FOR HOMEOWNERSHIP AS DESIGNATED UNDER THE PROGRAM ADMINISTERED BY ACLT. AS OF DECEMBER 31, 2024, 48 FAMILIES HAVE BEEN HELPED BY THIS PROGRAM.
  2. #2 $440K
    THE ALBANY COMMUNITY LAND TRUST IS A PROGRAM PARTICIPANT IN THE NYS DIVISION OF CRIMINAL JUSTICE SERVICE'S PROJECT RISE (RESPOND, INVEST, SUSTAIN, EMPOWER) PROGRAM. DCJS PROVIDED $500,000 IN AN 12 MONTH CONTRACT (STARTING JULY 2024) TO ACLT TO SUPPORT COMMUNITYBASED INITIATIVES TO ADDRESS GUN VIOLENCE. DCJS APPROVED PASS THROUGH GRANTS TO 3 SUBGRANTEES FOR A TOTAL OF $210,000, AND ACLT RETAINED $290,000 FOR IMPLEMENTATION OF PROGRAMS SUCH AS WORKFORCE DEVELOPMENT, PEER MENTORING, MENTAL HEALTH SERVICES AND COMMUNITY BUILDING ACTIVITIES.
named programs · 4 · from sources

What they call their work

Community Building Activities
Supports neighborhood initiatives such as vacant lot cleanups, block parties, back-to-school events, and youth workforce programs in partnership with local organizations.
Gun Violence Prevention Program
Part of NYS Division of Criminal Justice Services' Project RISE, this initiative includes workforce development, peer mentoring, mental health services, and community-building activities to address root causes of gun violence.
Homeownership Program
Acquires and renovates homes, selling them to income-qualified buyers while retaining land ownership through a ground lease to ensure long-term affordability. Homeowners build equity and can sell back to ACLT or to another qualified buyer.
Rental Housing Program
Provides quality, affordable rental units managed through professional property services, with opportunities for tenants to transition to homeownership.
activities · 8 groups

What they do

  • Affordable Home Construction & Rehabilitation 1 activity
    • Acquire, renovate, and resell homes at below-market rates
      Acquires and renovates homes in Albany for resale to eligible low-income buyers at affordable prices, with mechanisms to retain long-term affordability through repurchase rights and shared appreciation agreements. As of December 31, 2024, the program helped 48 families achieve homeownership.
  • Community Resource Navigation and Support Services 1 activity
    • Connect individuals and organizations to supportive resources
      Facilitates access to workforce development, mental health support, mentorship, and leadership opportunities by connecting community members and organizations to needed resources for long-term success.
  • Trauma-Informed Community Resilience Initiatives 1 activity
    • Deliver victim support services related to violence
      Provides recognition, counseling, and assistance to victims of violence as part of its community safety and healing initiatives.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Fund community-based violence prevention and youth intervention programs
      Funds local organizations through the Project RISE program to implement gun violence prevention initiatives, early intervention for youth, trauma-informed support, mentorship, and leadership development. Awarded $210,000 in subgrants annually in 2023 and 2024.
  • Affordable Housing Development and Management 1 activity
    • Manage and maintain affordable rental housing
      Owns and manages a portfolio of affordable rental units in Albany, providing professional property management, accepting applications via waitlist, and using the Buildium platform for rent payments, maintenance requests, and tenant communications.
  • Neighborhood Revitalization Initiatives 1 activity
    • Organize community building and neighborhood improvement activities
      Conducts vacant lot cleanups and beautification projects, sponsors neighborhood block parties, supports back-to-school events, and engages in broader neighborhood revitalization efforts to strengthen community cohesion in Albany.
  • Youth Workforce Readiness Programs 1 activity
    • Provide workforce entry support for young people
      Offers direct support to youth entering the workforce, including stipends, driver’s education, and provision of work clothing to improve employment readiness and economic opportunity.
  • First-Time Homebuyer Support Services 1 activity
    • Support tenant transition to homeownership
      Provides current tenants with pathways to purchase the homes they occupy, supporting wealth-building and long-term housing stability through affordable homeownership opportunities.
financials · form 990 · fy2024
revenue
Total revenue$1.53M
Contributions & grants$985K65%
Program service revenue$584K38%
Investment income$-44K-3%
Other revenue$2K
expenses
Total expenses$1.40M
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$9K
Grants paid out$403K
Largest expense lineFacilities
balance sheet
Total assets$3.75M
Cash$230K
Investments$0
Liabilities$1.87M
Net assets$1.88M
Liquid reserves2.0 mo
4 years on record · 2020–2024 · YoY revenue +32.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SUSAN COTNER EXECUTIVE DIRECTOR 20 $8K
board members · 8
  • HERB MCLAUGHLIN — PRESIDENT
  • JAMES WAUGAMAN — BOARD MEMBER
  • MARTHA CODIO — BOARD MEMBER
  • METORCERY WILSON — BOARD MEMBER
  • NEIL HANNAN — TREASURER
  • NISHAEA RICHARDSON — VICE PRESIDENT
  • ROGER MARKOVICS — SECRETARY
  • STACEY ROLAND — BOARD MEMBER
relationships · 16

Who they work with

  • Affordable Housing Partnership Partner — Provides Homebuyer 101 classes and housing counseling for ACLT homebuyers.
  • Affordable Housing Partnership Partner — Provides pre-purchase and homeownership guidance to help individuals build wealth through collaboration with ACLT.
  • B'nai B'rith Foundation Partner — Supports ACLT through foundation funding.
  • Baby Institute Partner — Collaborates on community building activities including youth programs and neighborhood events.
  • Buildium Partner — Technology partner used for rent payments, maintenance requests, and tenant communication.
  • City of Albany Government — Provides public support and likely subsidies for ACLT programs.
  • Community Loan Fund of the Capital Region Partner — Financial partner supporting ACLT’s housing and community development work.
  • Division of Criminal Justice Services Government — Implementing partner in an anti-gun violence program sponsored by the state agency.
  • Enterprise Community Partners Partner — Supports ACLT’s affordable housing development and preservation efforts.
  • Frank Chapman Memorial Institute Partner — Collaborates on community building activities including youth programs and neighborhood events.
  • Hoods House of Hoops Partner — Collaborates on community building activities including youth programs and neighborhood events.
  • NYS Division of Criminal Justice Service Government — Primary funder and program partner for the Project RISE initiative to address gun violence.
  • SONYMA Partner — Provides mortgage financing products for ACLT homebuyers.
  • State of New York Homes and Community Renewal Government — State agency providing funding or policy support for ACLT’s housing programs.
  • Touhey Homeownership Foundation Partner — Supports ACLT’s affordable homeownership initiatives.
  • local schools Partner — Collaborates closely with local schools in Albany’s neighborhoods.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community Land Trust Model for Permanent Affordability
    methodology: community_land_trust
    By separating land ownership from home ownership and retaining land control through a nonprofit, we ensure long-term housing affordability and enable resident equity-building, because this structure prevents market-driven displacement and embeds resale restrictions that perpetuate access for low- and moderate-income households.
  • Community-Based Violence Intervention Through Trusted Relationships
    methodology: community_based_violence_intervention
    By deploying trusted messengers and peer mentors within high-risk communities, we reduce gun violence and build resilience, because credible interpersonal connections increase program engagement and enable early intervention.
  • Community-Led Governance to Strengthen Ownership and Accountability
    methodology: community_led_development
    By placing decision-making authority in the hands of local residents and homeowners, we produce more responsive and equitable housing policies, because lived experience ensures programming aligns with community needs and fosters long-term stewardship.