Chautauqua County Land Bank Corporation
- Assets
- $1.4m
- Revenue
- $525.0k
- Investments
- $500.0k
- Employees
- 5
- Location
- Dunkirk, NY
- Founding
- 01/2014
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Chautauqua County Land Bank Corporation generated $525.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $637.4k during the year ending 12/2022. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Paradis Executive Director | 40 | $80,328 | |
Diane Hannum President | OfficerTrustee | 1 | $0 |
Nicole May Secretary | OfficerTrustee | 1 | $0 |
Bonnie Strickland Director | Trustee | 0 | $0 |
Rebecca Meeder Director | Trustee | 1 | $0 |
Paul Whitford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $496,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,760 |
| Total Program Service Revenue | $0 |
| Investment income | $185 |
| 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 | $27,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,970 |
| 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. | $80,328 |
| Compensation of current officers, directors, key employees. | $40,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,875 |
| Pension plan accruals and contributions | $11,698 |
| Other employee benefits | $0 |
| Payroll taxes | $14,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $7,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $356,710 |
| Advertising and promotion | $4,700 |
| Office expenses | $3,759 |
| Information technology | $11,832 |
| Royalties | $0 |
| Occupancy | $5,125 |
| Travel | $6,995 |
| 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 | $2,770 |
| All other expenses | $0 |
| Total functional expenses | $637,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,398 |
| 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 | $488,734 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $500,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,365,132 |
| Accounts payable and accrued expenses | $639 |
| Grants payable | $0 |
| Deferred revenue | $59,841 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $96,350 |
| 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 | $156,830 |
| Net assets without donor restrictions | $1,208,302 |
| 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 | $1,365,132 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chautauqua County Land Bank Corporation has recieved totaling $1,436,984.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $718,492 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $718,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Praxis Housing Initiatives Inc New York, NY | $17,550,749 | $43,469,449 |
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |