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Nonprofit · EIN 47-5629011

THE MAGGIE@WALKER COMMUNITY LAND TRUST

Tax-exempt · RICHMOND, VA 23220

Financials

$5.8M$2.7M2023$5.8M$5.4M2024
Revenue Expenses · by fiscal year end
Financials of THE MAGGIE@WALKER COMMUNITY LAND TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,835,075$5,374,553$460,522$14,786,695$1,962,957$12,823,738
December 31, 2023990$5,796,103$2,720,869$3,075,234$13,102,332$739,116$12,363,216
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,628,811
of which government grants
$411,937
Program service revenue
$32,616
Investment income
$2,172,210
Net gain from sales of assets
$2,032,500
Other revenue
$1,438

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$599,989
Salaries, compensation and benefits (total)
$599,989
Professional fundraising fees
$0
Legal fees
$11,871
Occupancy
$33,274
Travel
$4,999
Program services (functional)
$4,915,020
Management and general (functional)
$332,214
Fundraising (functional)
$127,319

Balance sheet and other

Total assets, start of year
$13,102,332
Total assets, end of year
$14,786,695
Total liabilities, end of year
$1,962,957
Net assets, end of year
$12,823,738
Land, buildings and equipment
$5,572,534
Net assets without donor restrictions
$8,663,053
Net assets with donor restrictions
$4,160,685
Gross receipts
$5,835,075
Employees
0
Volunteers
3
Year formed
2015
State of legal domicile
VA

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 / weekCompensation
CAROLYN CHAMPIONCHAIR
Trustee or director, Officer
3$0
MICHELLE TAYLORDIRECTOR
Trustee or director
1$0
JAMIE SEAGRAVESDIRECTOR
Trustee or director
1$0
JEISSON APOLO ARMASVICE CHAIR
Trustee or director, Officer
3$0
LAURA LAFAYETTEIMMEDIATE PAST CHAIR
Trustee or director, Officer
3$0
DURON CHAVISDIRECTOR
Trustee or director
1$0
ALLISON DOMSONDIRECTOR
Trustee or director
1$0
TIFFANY GOODMANDIRECTOR
Trustee or director
1$0
MICHAEL MULVIHILLDIRECTOR
Trustee or director
1$0
NELSON REVELEYTREASURER
Trustee or director, Officer
1$0
ASHLEIGH SHANNONDIRECTOR
Trustee or director
1$0
WHITNEY BROWNSECRETARY
Trustee or director, Officer
1$0
ADRIENNE SNEADDIRECTOR
Trustee or director
1$0
GABRIEL BOUDALIDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
CAROLYN CHAMPIONCHAIR
Trustee or director, Officer
3$0
MICHELLE TAYLORDIRECTOR
Trustee or director
1$0
JAMIE SEAGRAVESDIRECTOR
Trustee or director
1$0
JEISSON APOLO ARMASVICE CHAIR
Trustee or director, Officer
3$0
LAURA LAFAYETTEIMMEDIATE PAST CHAIR
Trustee or director, Officer
3$0
DURON CHAVISDIRECTOR
Trustee or director
1$0
ALLISON DOMSONDIRECTOR
Trustee or director
1$0
TIFFANY GOODMANDIRECTOR
Trustee or director
1$0
MICHAEL MULVILLEDIRECTOR
Trustee or director
1$0
NELSON REVELEYTREASURER
Trustee or director, Officer
1$0
ASHLEIGH SHANNONDIRECTOR
Trustee or director
1$0
WHITNEY BROWNSECRETARY
Trustee or director, Officer
1$0
ADRIENNE SNEADDIRECTOR
Trustee or director
1$0
GABRIEL BOUDALIDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
203 N ROBINSON ST, RICHMOND, VA 23220-4018
Principal officer (990 for 2024)
MAE WORTHEY-THOMAS, 2114 DABNEY ROAD, RICHMOND, VA 23223
Signed the 990
MAE WORTHEY-THOMAS, CEO
Phone
(804) 718-0135
Return prepared by
KEITER STEPHENS HURST GARY & SHREAVES

Mission

THE MWCLT SEEKS TO DEVELOP AND MAINTAIN PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $4,915,020

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
47-5629011
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,786,695
Income (IRS master file)
$5,835,075

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,835,075$5,374,553$14,786,695IRS
990December 2023$5,796,103$2,720,869$13,102,332XML
990December 2022$5,454,425$610,121$13,928,536IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 47-5629011).

Questions about THE MAGGIE@WALKER COMMUNITY LAND TRUST

What is the EIN of THE MAGGIE@WALKER COMMUNITY LAND TRUST?
The employer identification number (EIN) of THE MAGGIE@WALKER COMMUNITY LAND TRUST is 47-5629011.
Is THE MAGGIE@WALKER COMMUNITY LAND TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to THE MAGGIE@WALKER COMMUNITY LAND TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE MAGGIE@WALKER 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 THE MAGGIE@WALKER 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 THE MAGGIE@WALKER 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 THE MAGGIE@WALKER COMMUNITY LAND TRUST?
The 990 for the year ended December 31, 2024 names MAE WORTHEY-THOMAS.
Who are the officers and directors of THE MAGGIE@WALKER COMMUNITY LAND TRUST?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does THE MAGGIE@WALKER COMMUNITY LAND TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,835,075, expenses of $5,374,553 and total assets of $14,786,695 at year end.

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