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Nonprofit · EIN 41-1753148

RONDO COMMUNITY LAND TRUST

Tax-exempt · SAINT PAUL, MN 55104

Financials

$9.9M$2.7M2023$14.8M$7.9M2024
Revenue Expenses · by fiscal year end
Financials of RONDO COMMUNITY LAND TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,807,249$7,940,161$6,867,088$22,434,789$3,158,829$19,275,960
December 31, 2023990$9,886,783$2,724,604$7,162,179$14,858,035$2,539,370$12,318,665
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,386,815
of which government grants
$5,258,701
Program service revenue
$239,879
Investment income
$306,291
Net gain from sales of assets
$91,811
Net income from fundraising events
-$148,628
Other revenue
-$125,736

Expenses

Grants and similar amounts paid
$4,640,115
Compensation of officers, directors and key employees
$139,643
Other salaries and wages
$571,962
Salaries, compensation and benefits (total)
$894,983
Professional fundraising fees
$0
Legal fees
$85,386
Accounting fees
$221,015
Occupancy
$123,688
Depreciation
$251,375
Program services (functional)
$7,530,590
Management and general (functional)
$264,630
Fundraising (functional)
$144,941

Balance sheet and other

Total assets, start of year
$14,858,035
Total assets, end of year
$22,434,789
Total liabilities, end of year
$3,158,829
Net assets, end of year
$19,275,960
Land, buildings and equipment
$12,663,405
Publicly traded securities
$6,827,129
Net assets without donor restrictions
$15,133,111
Net assets with donor restrictions
$4,142,849
Gross receipts
$17,730,328
Employees
10
Volunteers
15
Year formed
1993
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MIKEYA GRIFFINEXECUTIVE DIRECTOR
Officer
40$128,139$12,516
ELIZABETH COCODEPUTY DIRECTOR
Highest-paid employee
40$104,561$3,137
CHARLES BRADLEYPRESIDENT
Trustee or director, Officer
1$0$0
SHANNON BRUNETTEVICE PRESIDENT
Trustee or director, Officer
1$0$0
KATE SPEEDTREASURER
Trustee or director, Officer
1$0$0
TRISH DEANDATREASURER
Trustee or director, Officer
1$0$0
BROOKE BLAKEYSECRETARY
Trustee or director, Officer
1$0$0
PARIS SERVIN-GONZALESSECRETARY (END 6/2024)
Trustee or director, Officer
1$0$0
TAMEKA JONESDIRECTOR
Trustee or director
1$0$0
MELVIN GILESDIRECTOR
Trustee or director
1$0$0
KRYSTAL D'ALENCARDIRECTOR
Trustee or director
1$0$0
ANA CRUZDIRECTOR
Trustee or director
1$0$0
JESSICA JAMESDIRECTOR
Trustee or director
1$0$0
TIFFANCY PRICEDIRECTOR (BEG 6/2024)
Trustee or director
1$0$0
REKIK ENDESHAWDIRECTOR (BEG 6/2024)
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
RALONDA MCKINLEYDIRECTOR (END 6/2024)
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
MIKEYA GRIFFINEXECUTIVE DIRECTOR
Officer
40$102,850$11,796
CHARLES BRADLEYPRESIDENT
Trustee or director, Officer
1$0$0
SHANNON BRUNETTEVICE PRESIDENT
Trustee or director, Officer
1$0$0
TRISH DEANDATREASURER
Trustee or director, Officer
1$0$0
PARIS SERVIN-GONZALESSECRETARY
Trustee or director, Officer
1$0$0
TAMEKA JONESDIRECTOR
Trustee or director
1$0$0
MELVIN GILESDIRECTOR
Trustee or director
1$0$0
KRYSTAL D'ALENCARDIRECTOR
Trustee or director
1$0$0
ANA CRUZDIRECTOR
Trustee or director
1$0$0
BROOKE BLAKEYDIRECTOR
Trustee or director
1$0$0
RALONDA MCKINLEYDIRECTOR
Trustee or director
1$0$0
KATE SPEEDDIRECTOR
Trustee or director
1$0$0
JESSICA JAMESDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1041 SELBY AVE, SAINT PAUL, MN 55104-6535
In care of
% GREG FINZELL
Principal officer (990 for 2024)
MIKEYA GRIFFIN, 1041 SELBY AVE, ST PAUL, MN 55104
Signed the 990
MIKEYA GRIFFIN, EXECUTIVE DIRECTOR
Phone
(651) 221-9884
Return prepared by
CREATIVE PLANNING TAX LLC

Mission

EMPOWERING WITH AFFORDABLE HOUSING. STRENGTHEN AND PRESERVE COMMUNITIES BY PROVIDING AND ADVOCATING FOR PERMANENTLY AFFORDABLE, SUSTAINABLE HOUSING FOR FAMILIES AND INDIVIDUALS WITH LOW TO MODERATE INCOMES. PROMOTE THE UTILIZATION OF THE LAND TRUST MODEL AS A METHOD OF PRESERVING AFFORDABLE HOUSING, ECONOMIC GROWTH AND NEIGHBORHOOD STABILIZATION. SUPPORT AND CELEBRATE CULTURAL DIVERSITY BY PROVIDING AFFORDABLE BUSINESS OPPORTUNITIES TO INCREASE COMMUNITY ECONOMIC WEALTH, PROPERTY VALUES AND JOBS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION, A COMMUNITY LAND TRUST (CLT), ACHIEVES PERMANENT, LONG TERM HOUSING AFFORDABILITY THROUGH THE USE OF GROUND LEASES. CLT HOMEBUYERS PURCHASE ONLY THE HOUSE, AND ENTER INTO A 99 YEAR GROUND LEASE WITH THE ORGANIZATION FOR THE EXCLUSIVE USE OF THE LAND. THE ORGANIZATION'S GROUND LEASE STATES THAT WHEN A HOMEOWNER DECIDES TO SELL THEIR HOME, THE HOUSE IS SOLD TO ANOTHER LOW TO MODERATE INCOME HOUSEHOLD FOR THE ORIGINAL PURCHASE PRICE PLUS 25% OF ANY APPRECIATION IN THE HOME'S VALUE. BY LIMITING MARKET APPRECIATION, PERMANENT AFFORDABILITY IS ENSURED AND INITIAL SUBSIDIES INVESTED IN MAKING THE HOME AFFORDABLE ARE SPREAD ACROSS GENERATIONS OF LOW TO MODERATE INCOME HOMEBUYERS. MOST IMPORTANTLY, THIS AFFORDABLE HOUSING OPTION GIVES HOUSEHOLDS THAT COULD OTHERWISE ONLY AFFFORD TO RENT THE OPPORTUNITY TO TAKE ADVANTAGE OF ALL OF THE BENEFITS OF HOMEOWNERSHIP STABILITY, SECURITY, TAX BENEFITS, AND THE OPPORTUNITY TO EARN EQUITY AND APPRECIATION IN REAL ESTATE THAT IS NOT AVAILABLE THROUGH RENTING.
    Expenses $7,386,388 · grants $4,640,115 · revenue $231,795
  • THE RONDO COMMUNITY LAND TRUST (RONDO CLT) CREATED THE RONDO DEVELOPMENT ON SELBY, LLC. A SUBSIDIARY LIMITED LIABILITY CORPORATION FOR THE SELBY MILTON VICTORIA (SMV) COMMERCIAL LAND TRUST AND SENIOR HOUSING PROJECT ON SELBY AVENUE. RONDO CLT, ALONG WITH ITS PARTNER COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDC), DEVELOPED TWO MIXED USE COMMERCIAL/RESIDENTIAL BUILDINGS. THESE BUILDINGS PROVIDE LONG-TERM AFFORDABLE COMMERCIAL SPACE FOR SMALL, LOCAL, AND MINORITY OWNED BUSINESSES ALONG WITH AFFORDABLE SENIOR HOUSING. THE BUILDINGS ARE LOCATED AT 852 SELBY AND 940 SELBY IN ST. PAUL. THERE ARE A TOTAL OF 34 UNITS OF LOW INCOME SENIOR HOUSING. THE 34 UNITS OF AFFORDABLE SENIOR HOUSING BUILT ON THE TOP TWO FLOORS OF THESE BUILDINGS AND WERE FINANCED BY A COMBINATION OF DEFERRED LOANS AND LOW INCOME HOUSING TAX CREDITS. THE UNITS ARE AFFORDABLE TO THOSE AT 30% TO 60% OF THE AREA MEDIAN INCOME. THE AFFORDABILITY WILL BE SECURED WITH RESTRICTIVE COVENANTS. THERE IS 9,300 SQUARE FEET OF COMMERCIAL SPACE. THERE ARE FIVE COMMERCIAL SPACES AND TWO LIVE WORK UNITS. THE HOUSING PORTION OF THIS PROJECT IS OWNED BY THE CHDC RONDO LIMITED PARTNERSHIP. RONDO DEVELOPMENT ON SELBY LLC IS A COGENERAL PARTNER IN THIS LIMITED PARTNERSHIP.
    Expenses $144,202 · revenue $30,976

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1753148
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$22,434,789
Income (IRS master file)
$17,730,328

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,807,249$7,940,161$22,434,789IRS
990December 2023$9,886,783$2,724,604$14,858,035XML
990December 2022$2,961,756$1,414,616$6,317,796IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1753148).

Questions about RONDO COMMUNITY LAND TRUST

What is the EIN of RONDO COMMUNITY LAND TRUST?
The employer identification number (EIN) of RONDO COMMUNITY LAND TRUST is 41-1753148.
Is RONDO COMMUNITY LAND TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to RONDO COMMUNITY LAND TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RONDO COMMUNITY LAND TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RONDO COMMUNITY LAND TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RONDO COMMUNITY LAND TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RONDO COMMUNITY LAND TRUST?
The 990 for the year ended December 31, 2024 names MIKEYA GRIFFIN.
Who are the officers and directors of RONDO COMMUNITY LAND TRUST?
The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $128,139 (MIKEYA GRIFFIN, EXECUTIVE DIRECTOR).
How much revenue does RONDO COMMUNITY LAND TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,807,249, expenses of $7,940,161 and total assets of $22,434,789 at year end.

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