Landmarks Community Capital Corporation
- Assets
- $8.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-1114298
Organization Overview
Landmarks Community Capital Corporation is located in Pittsburgh, PA. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landmarks Community Capital Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Landmarks Community Capital Corporation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $645.5k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LANDMARKS COMMUNITY CAPITAL CORPORATION (LCCC) SUPPORTS THE REVITALIZATION AND REDEVELOPMENT OF HISTORIC COMMUNITIES THROUGH LENDING, PROVIDING EQUITY INVESTMENTS, AND OTHER PROGRAMS AIMED AT AMELIORATING COMMUNITY DETERIORATION AND BLIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS PRESERVATION LOAN FUND, LCCC MAKES LOANS TO NONPROFIT OR FOR PROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES, FOR THE PURPOSES OF PRESERVING, REHABILITATING, ACQUIRING AND DEVELOPING BUILDINGS AND SITES THAT ARE OF HISTORICAL, ARCHITECTURAL, AND/OR CULTURAL SIGNIFICANCE, IN AN EFFORT TO REVITALIZE BLIGHTED AND DETERIORATING COMMUNITIES. TREASURY REGULATION 501(C)(3)-1 (D)(2) PROVIDES THAT THE TERM CHARITABLE INCLUDES PROMOTION OF SOCIAL WELFARE BY ORGANIZATIONS DESIGNED TO COMBAT COMMUNITY DETERIORATION.
THROUGH ITS GENERAL PROJECTS, LCCC INITIATES AND EXPANDS COMMUNITY REVITALIZATION BY PROVIDING CREATIVE FINANCING AND TECHNICAL ASSISTANCE TO HISTORIC, LOW-TO-MODERATE-INCOME NEIGHBORHOODS AND URBAN CENTERS THROUGHOUT WESTERN PENNSYLVANIA, EASTERN OHIO, AND WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cash Wade Chair | OfficerTrustee | 0.5 | $0 |
Joe Dimenno Vice Chair | OfficerTrustee | 0.25 | $0 |
Dianne Swan Vice Chair | OfficerTrustee | 0.1 | $0 |
Kasey Connors Secretary | OfficerTrustee | 0.5 | $0 |
Scott L Brown Treasurer | OfficerTrustee | 1 | $0 |
John Bendel Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $855,000 |
| Government grants | $62,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $917,305 |
| Total Program Service Revenue | $408,116 |
| Investment income | $6,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,011 |
| Compensation of current officers, directors, key employees. | $3,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,633 |
| Pension plan accruals and contributions | $14,997 |
| Other employee benefits | $47,329 |
| Payroll taxes | $21,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,342 |
| Advertising and promotion | $0 |
| Office expenses | $10,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,733 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $10,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $891 |
| Insurance | $24,453 |
| All other expenses | $0 |
| Total functional expenses | $645,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,136,552 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,238 |
| Net Land, buildings, and equipment | $1,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,703 |
| Total assets | $8,769,588 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $598,718 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,628 |
| Total liabilities | $743,346 |
| Net assets without donor restrictions | $7,773,162 |
| Net assets with donor restrictions | $253,080 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,769,588 |