Ashtabula County Land Reutilization Corporation
- Assets
- $1.1m
- Revenue
- $363.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson, OH
- Founding
- Data as of
- 12/2022
- EIN
- 47-1129824
Organization Overview
Ashtabula County Land Reutilization Corporation is located in Jefferson, OH. 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. Ashtabula County Land Reutilization 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, Ashtabula County Land Reutilization Corporation generated $363.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $287.5k 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 RECLAIM, REHABILITATE, & REUTILIZE VACANT, ABANDONED, TAX FORECLOSED AND OTHER REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR DEMOLITION, RECLAIMATION, & REHABILITATION OF VACANT, ABANDONED OR FORECLOSED PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Timonere Trustee | Trustee | 5 | $0 |
Jp Ducro IV Trustee | Trustee | 5 | $0 |
Janis Dorsten Trustee | Trustee | 5 | $0 |
Alex Iarocci Executive Director | Trustee | 30 | $0 |
Deb Friedstrom Trustee | Trustee | 5 | $0 |
Angie Maki-Cliff Chair | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,879 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,698 |
| Total Program Service Revenue | $118,071 |
| Investment income | $8,800 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,569 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,264 |
| Fees for services: Legal | $1,225 |
| Fees for services: Accounting | $3,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,233 |
| Advertising and promotion | $1,560 |
| Office expenses | $660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $553 |
| All other expenses | $814 |
| Total functional expenses | $287,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,206 |
| Savings and temporary cash investments | $762,838 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $208 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,075,252 |
| Accounts payable and accrued expenses | $98,879 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $98,879 |
| Net assets without donor restrictions | $976,373 |
| 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 | $1,075,252 |