City of Lakes Community Land Trust
Creating community ownership that preserves affordability and inclusivity is the mission of the City of Lakes Community Land Trust.
City of Lakes Community Land Trust at a glance
- Total assets
- $31,414,217
- -2.1% vs 2023
- Revenue (2024)
- $3,142,461
- -76.4% vs 2023
- Net investment income (2024)
- $440,880
- +146.3% vs 2023
- Expenses (2024)
- $3,512,334
- +59.5% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who City of Lakes Community Land Trust funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $541K (2021) to $2.3M (2022). In 2022 it made 1 grant totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Partnership in Property Commercial Land Trust Minneapolis, MN | Redevelop and preserve long-term affordable commercial spaces through community driven needs. | $2,307,366 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $31,414,217 | $3,142,461 | $3,512,334 | — | — | $440,880 |
| 2023 | $32,072,076 | $13,296,198 | $2,202,127 | — | — | $178,997 |
| 2022 | $15,797,710 | $2,266,852 | $4,308,132 | $2,307,366 | 1 | $2,072 |
| 2021 | $16,464,418 | $5,065,737 | $2,327,987 | $541,491 | 1 | $1,342 |
| 2020 | $12,567,753 | $2,548,331 | $1,795,887 | — | — | $686 |
About City of Lakes Community Land Trust
Based on IRS filings
City of Lakes Community Land Trust is a public charity focused on Housing & Shelter, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $31.4M in total assets. Net investment income was $441K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
City of Lakes Community Land Trust is led by Andrea Reese, Executive Director since 2023 (on filings since 2020); 3 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Andrea Reese
Executive Director
Secretary → Vice Chair, 2022
Vice Chair → Executive Director, 2023
On filings since 2020
37 hrs/week
$55K (2023) → $104K (2024)
Catrice Williams
Chair
Member → Chair, 2024
On filings since 2023
0.5 hrs/week
No compensation reported
Staci Horwitz
Operations Director
On filings since 2020
36.5 hrs/week
$84K (2020) → $91K (2024)
Mollie Mosman
Finance Director
On filings since 2022
36.5 hrs/week
$94K (2022) → $92K (2024)
Christina A. Jennings
Treasurer
Treasurer → Member, 2023
Member → Treasurer, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
J. Ralph Pace
Member
On filings since 2020
0.5 hrs/week
No compensation reported
Libby F. Murphy
Secretary
Member → Secretary, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Nataly Sanchez
Member
Secretary → Chair, 2021
Chair → Member, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Minkara Tezet
Member
On filings since 2021
0.5 hrs/week
No compensation reported
Bonita Turnipseed
Member
On filings since 2023
0.5 hrs/week
No compensation reported
Jasmine Billey
Member
New on the 2024 filing
0.5 hrs/week
No compensation reported
Lucie Skjefte
Member
New on the 2024 filing
0.5 hrs/week
No compensation reported
Mary Christianson
Vice Chair
New on the 2024 filing
0.5 hrs/week
No compensation reported
Rhea Bluearm
Member
New on the 2024 filing
0.5 hrs/week
No compensation reported
Former officers (18)
- Former: Jeff Washburne (2020–2023) — Former Executive Director
- Former: Matthew C. Sargent (2020–2023) — Member
- Former: Alicia Smith (2021–2023) — Chair
- Former: Lao Lu Hang (2021–2023) — Treasurer
- Former: Peggy Moore (2021–2023) — Member
- Former: Sheila Bland (2022–2023) — Member
- Former: Taylor Smirkarava (2022–2023) — Member
- Former: Jackline Mukiibi (2020–2022) — Member
- Former: Michael A Dill (2020–2022) — Member
- Former: Dave Higgins (2022) — Member
- Former: David Higgins Esq. (2020–2021) — Member
- Former: Kristi Peterson (2020–2021) — Member
- Former: Taylor Smrikarova (2021) — Member
- Former: Barbara Lightsy (2020) — Vice Chair
- Former: Brian Humphrey (2020) — Member
- Former: Lynn Ogren (2020) — Member
- Former: Nicole Wright (2020) — Member
- Former: Taylor Cooper (2020) — Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $104K, to Andrea Reese (Executive Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about City of Lakes Community Land Trust
How large is City of Lakes Community Land Trust?
City of Lakes Community Land Trust reported $31.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.1M.
What is City of Lakes Community Land Trust?
City of Lakes Community Land Trust is a public charity focused on Housing & Shelter, based in Minneapolis, MN. It holds $31.4M in total assets as of 2024.
Where does City of Lakes Community Land Trust operate?
City of Lakes Community Land Trust has awarded grants in Minnesota.
What is City of Lakes Community Land Trust's EIN?
City of Lakes Community Land Trust's EIN (Employer Identification Number) is 06-1665031. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS July 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 27, 2023)
- Added Form 990 for fiscal year 2024 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in City of Lakes Community Land Trust's focus areas in our free grants database
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City of Lakes Community Land Trust down — hundreds of funders to go?