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EIN 47-5629011

The Maggie Walker Community Land Trust

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Richmond
State
Virginia
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
L80: Housing Support Services
Description
The Maggie Walker Community Land Trust develops affordable housing and promotes racial equity in Richmond, Henrico, and Chesterfield through a community land trust model.
Total revenues
$5,796,103
2023
Total expenses
$2,720,869
2023
Total assets
$13,102,332
2023
Num. employees
6
2023

Program areas at The Maggie Walker Community Land Trust

The mwclt acts as a developer and steward of permanently affordable housing in The richmond, Virginia region by: (1) acquiring and holding Land parcels (2) building homes on The parcels and (3) selling homes to qualified low-to-moderate income home buyers who enter into a 99 year Land lease agreement with The mwclt. Mwclt also acts as The Land bank for The region's three primary jurisdictions: city of richmond, henrico county and chesterfield county. Mwclt also occasionally builds and sells market-rate homes in mixed-income developments where The sales proceeds go towards subsidizing The development costs of affordable homes.

Who funds The Maggie Walker Community Land Trust

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Pauley Family FoundationCapital Support for Land and Construction Costs and General Operating Funds To Support Affordable Lots for Affordable Housing Construction$350,000
Virginia Nonprofit Housing CoalitionHenrico Housing Development$252,300
The Community FoundationEconomic Prosperity$207,250
...and 12 more grants received

Personnel at The Maggie Walker Community Land Trust

NameTitleCompensation
Erica SimsFinancial Manager$0
Lark WashingtonChief Operating Officer
Maria DoughertyDirector of Real Estate
Candice Turner, MSWDirector of Homeownership
Daronte Rollins, MSWConstruction Project Manager

Financials for The Maggie Walker Community Land Trust

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,384,759
Program services$85,699
Investment income and dividends$72,197
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,250,100
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,348
Total revenues$5,796,103

Form 990s for The Maggie Walker Community Land Trust

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-09990View PDF
2021-122022-11-07990View PDF
2020-122021-09-13990View PDF
2019-122020-11-18990View PDF
...and 3 more Form 990s
Data update history
February 15, 2025
Updated personnel
Identified 1 new personnel
February 3, 2025
Used new vendors
Identified 1 new vendor, including
January 23, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 12, 2025
Updated personnel
Identified 1 new personnel
January 11, 2025
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Social advocacy organizationsHousing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
203 N Robinson St
Richmond, VA 23220
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
maggiewalkerclt.org/ 
Phone
(804) 915-6729
IRS details
EIN
47-5629011
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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