Chautauqua County Land Bank Corporation
- Assets
- $1.6m
- Revenue
- $660.9k
- Investments
- $517.5k
- Employees
- 5
- Location
- Dunkirk, NY
- Founding
- 01/2014
- Data as of
- 12/2023
- EIN
- 46-1480852
Organization Overview
Chautauqua County Land Bank Corporation is located in Dunkirk, NY. The organization was established in 2014. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Chautauqua County Land Bank Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chautauqua County Land Bank 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, Chautauqua County Land Bank Corporation generated $660.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $347.4k during the year ending 12/2023. While expenses have increased by 10.2% 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
TO REVERSE THE TREND OF FURTHER DETERIORATION OF THE COUNTY OF CHAUTAUQUA'S HOUSING AND COMMERCIAL STOCK; CONTROL AND MODESTLY IMPROVE PROMISING PROPERTIES SO THAT REPUTABLE BUYERS CAN BE ATTRACTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATED AND SOLD PROPERTIES IN CHAUTAUQUA COUNTY IN ORDER TO RETURN THEM TO THE TAX ROLLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Paradis Executive Director | 40 | $77,608 | |
Hugh Butler Director | Trustee | 1 | $0 |
Charles Cornell Director | Trustee | 1 | $0 |
Bonnie Strickland Director | Trustee | 0 | $0 |
Mark Geise Director | Trustee | 1 | $0 |
Nicole May Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,067 |
| Total Program Service Revenue | $0 |
| Investment income | $17,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $496,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,895 |
| 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. | $77,608 |
| Compensation of current officers, directors, key employees. | $38,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,510 |
| Payroll taxes | $16,746 |
| Fees for services: Management | $38,620 |
| 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 | $26,732 |
| Advertising and promotion | $3,073 |
| Office expenses | $1,651 |
| Information technology | $24,271 |
| Royalties | $0 |
| Occupancy | $5,075 |
| Travel | $6,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $216 |
| All other expenses | $0 |
| Total functional expenses | $347,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,957 |
| 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 | $0 |
| Inventories for sale or use | $585,107 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $517,481 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,624,546 |
| Accounts payable and accrued expenses | $27 |
| Grants payable | $0 |
| Deferred revenue | $39,541 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $63,200 |
| 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 | $0 |
| Total liabilities | $102,768 |
| Net assets without donor restrictions | $1,521,778 |
| Net assets with donor restrictions | $0 |
| 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 | $1,624,546 |