2023-11-07T14:17:36-05:00 2022-12-31 NOIR ARISE ACCOUNTING LLC 323 N WASHINGTON AVE SUITE 200 MINNEAPOLIS MN 55416 990 2022-01-01 871177063 PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST PART 6125048325 1819 LOWRY AVENUE N MINNEAPOLIS MN 55441 DOMONIQUE JONES EXECUTIVE DIRECTOR 6125048325 2023-10-16 true DOMONIQUE JONES true LONNIA JEFFERSON P02453605 6124400317 2023-10-18 2022 2023-04-26 12:10:37Z DOMONIQUE JONES 13060 180TH NW ELK RIVER MN 55330 2446548 false X WWW.PIPCLT.ORG X 2021 MN The missing of Partnership in Property Commercial Land Trust (PIPCLT) is to (re)develop and preserve long-term affordable commercial spaces through community driven ownership of land. 11 11 3 0 564321 2388652 0 0 57896 564321 2446548 0 37049 45161 136406 0 873 36847 348128 82008 521583 482313 1924965 542677 2922658 57322 322338 485355 2600320 X PIPCLT envisions neighborhoods as reflections of the economic, cultural and social wealth of a community, where residents claim spaces through decision-making power and ownership of land, and together are building a human-centered economy. false false 64802 10000 PIPCLT works to explicitly address racial, gender, and economic disparities in our community. Commercial land trusts (CLTs) define land as being community owned because the land is entirely owned and managed by a community-based membership. PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust Community will be engaged throughout the development process from property selection to business selection. Displacement of community-owned businesses haspsychological impacts on residents. We will use our resources to preserve and create affordable commercial spaces indefinitely. CLTs use long-term community ownership of land through a 99-year ground lease agreement, which has demonstrated effectiveness in combating displacement of occupants. In 2021, the Organization acquired its first property in December 2021 64453 47735 PIPCLT works to explicitly address racial, gender, and economic disparities in our community. Commercial land trusts (CLTs) define land as being community owned because the land is entirely owned and managed by a community-based membership. PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust Community will be engaged throughout the development process from property selection to business selection. Displacement of community-owned businesses haspsychological impacts on residents. We will use our resources to preserve and createaffordable commercial spaces indefinitely. CLTs use long-term community ownership of land through a 99-year ground lease agreement, which hasdemonstrated effectiveness in combating displacement of occupants. In 2022, the Organization acquired its second property in March 2022 2616 131871 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 3 true false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false MN X DOMONIQUE JONES 6125048325 13060 180TH CT NW ELK RIVER MN 55330 X DOMONINQUE JONES EXECUTIVE DIRECTOR 40 X 140175 0 2924 FELICIA PERRY REAL ESTATE MANAGER 40 X 69154 0 3263 DANIELLE MKALI CHAIR 2 X X 0 0 0 MARK FICK TREASURER 1 X X 0 0 0 DEVON NOLEN DIRECTOR 1 X 0 0 0 BARBARA HALL DIRECTOR 1 X 0 0 0 KOWSAR MOHAMED DIRECTOR 1 X 0 0 0 ZAHNIA HARUT DIRECTOR 1 X 0 0 0 QANNANI OMAR DIRECTOR 1 X 0 0 0 DAVIS SENSEMAN DIRECTOR 1 X 0 0 0 CHERRISH HOLLIE DIRECTOR 1 X 0 0 0 ANNA SCHMIEL DIRECTOR 1 X 0 0 0 CASSIE BEAN DIRECTOR 1 X 0 0 0 209329 6187 1 false false false 61805 2326847 2388652 57896 57896 57896 61805 2446548 X 37049 37049 115981 115981 1917 1917 18508 18508 1114 1114 28716 7420 21296 61907 61907 56768 1615 54328 825 3600 3600 7806 7806 5957 5957 63062 62773 289 9303 9303 38052 38052 4446 3890 556 17759 17759 3762 2258 1504 CLOSING COST 36336 36336 PAYPAL FEES 55 7 48 BANK FEES 453 453 LICENSES AND TAXES 460 460 8572 2616 5956 521583 136947 383763 873 160035 2196758 92290 50000 7213 687284 18597 290352 668687 542677 2922658 4745 24135 50000 298203 2577 57322 322338 X 485355 2600320 485355 2600320 542677 2922658 X 1924965 190000 X false false false X 514321 237612459 238126780 514321 237612459 238126780 238126780 238126780 57896 1 X 0 0 0 0 PART II, LINE 10 Rental income from 35th & Penn and 1819 Lowry Properties. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false 687284 18597 668687 668687 X X false false false false false false false false false false FORM 990, PART III, LINE 4d Racial Equity: PIPCLT works to explicitly address racial, gender, and economic disparities in our community. All decisions are made using an intersectional equity lens. Community Ownership: Commercial land trusts (CLTs) define land as being community owned because the land is entirely owned and managed by a community-based membership organization ensuring long-term agency over assets. Community Engagement and Organizing: PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust and will yield the highest impact for our community. Community will be engaged throughout the development process from property selection to business selection. Anti-displacement: Displacement of community-owned businesses has psychological impacts on residents. We will use our resources to preserve and create affordable commercial spaces indefinitely. CTLs use long-term community ownership of land through a 99-year ground lease agreement, which has demonstrated effectiveness in combating displacement of occupants. In 2021, the new Organization was incorporated and received its 501c3 status, hired an Executive Director, and established a board of directors. The Organization acquired its first property in December 2021 and second in March 2022 PART VI, SECTION B, LINE 11 The form 990 is distributed to the Board of Directors prior to filling. The 990 is approved by the board at the next board meeting. PART VI, SECTION B, LINE 12c Each board member and key staff member is asked to sign the conflict of interest statement annually and to fully disclose any apparent issue that may or may not be a conflict. In addition, they are required to recuse themselves with decisions on such matters. PART VI, SECTION B, LINE 15a The salary for the Executive Director was determined using salary surveys. This process was last done in() PART VII, COLUMN B, HOURS PER WEEK Planning consulting, fund development services, intern services PART VII, COLUMN B, HOURS PER WEEK Real estate manager for both business and commercial properties. PART IX, LINE 11g Consultants for various operational and admin services. PART XI, LINE 9 Opening balance equity for PIP Holding account PIP HOLDING 1819 LOWRY AVE N MINNEAPOLIS MN 55411 871694424 MN 47735 381883 PARTNERSHIP IN PROPERTY COMMERCIAL LAND false false false false false false false false false false false false false false false false false false false