Rocky Mountain Community Land Trust

Overview

The Rocky Mountain Community Land Trust (RMCLT) is a nonprofit organization dedicated to providing quality, affordable housing for low-income families in El Paso County and the City of Colorado Springs. Established in 1996, RMCLT operates as a community land trust, holding land on behalf of the community to ensure long-term affordability and stability in housing.

Mission and Objectives

The mission of RMCLT is rooted in its commitment to making homeownership accessible to those who face economic barriers. Through its Affordable Homeownership Program, RMCLT enables limited-income households to purchase homes, fostering stability and prosperity for families in the region.

Financial and Organizational Structure

As a large nonprofit organization, RMCLT generates revenue from various sources, including contributions, program services, and investment income. The organization's financial reports indicate significant contributions and sales of assets as key revenue streams[1]. RMCLT's governance structure includes a board of directors comprised of local community leaders, ensuring that decision-making is aligned with community needs and values[5].

Activities and Impact

RMCLT plays a critical role in El Paso County by providing affordable housing options. This not only aids in maintaining the affordability of housing in the area but also helps prevent displacement of vulnerable populations. The organization's programs are designed to balance individual needs for secure housing with broader community objectives, fostering economic and racial inclusivity.

Community and Partnerships

RMCLT works closely with local partners to fulfill its mission. The organization's activities are part of a broader effort to strengthen community cohesion and economic stability in the region. By offering affordable housing solutions, RMCLT supports long-term community development and contributes to the well-being of low-income families.

Tax Status

As a 501(c)(3) nonprofit organization, donations to RMCLT are tax-deductible, allowing supporters to make charitable contributions towards affordable housing initiatives[1].

[1] https://projects.propublica.org/nonprofits/organizations/840777280 [2] https://en.wikipedia.org/wiki/Community_land_trust [3] https://www.coloradogives.org/organization/RMCLT [4] https://peakradar.com/organization/the-rocky-mountain-community-land-trust/ [5] https://www.guidestar.org/profile/84-0777280