Macon-Bibb County Land Bank Authority Properties Inc
- Assets
- $104.7k
- Revenue
- $85.0
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 03/1997
- Data as of
- 06/2023
- EIN
- 58-2270914
Organization Overview
Macon-Bibb County Land Bank Authority Properties Inc is located in Macon, GA. The organization was established in 1997. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macon-Bibb County Land Bank Authority Properties Inc 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 06/2023, Macon-Bibb County Land Bank Authority Properties Inc generated $85.0 in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O: TO ACQUIRE TAX DELINQUENT AND NON REVENUE GENERATING PROPERTY AND PROVIDE NEW HOUSING, NEW JOBS AND NEW INDUSTRIES FOR THE CITIZENS OF BIBB COUNTY AND THE CITY OF MACON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION OF PROPERTY & TECHNICAL SERVICES: ACQUISITION OF UNDER UTILIZED PROPERTIES ON BEHALF OF NON PROFIT AND PRIVATE DEVELOPERS FOR THE PURPOSE OF RETURNING THE PROPERTIES TO A PRODUCTIVE USE STATUS AND RETURNING THE PROPERTIES TO THE TAX ROLL.
HOLDING AND MAINTENANCE OF PROPERTY: TO HOLD AND MAINTAIN PROPERTIES FOR FUTURE REDEVELOPMENT PURPOSES
DISPOSITION OF PROPERTY: TO DISPOSE OF PROPERTIES TO RESPONSIBLE NON PROFIT AND PRIVATE DEVELOPERS FOR DEVELOPMENT PURPOSES. THE REDEVELOPMENT OF THESE PROPERTIES WILL AID IN THE ELIMINATION OF SLUM AND BLIGHT, PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND CONTRIBUTE TO THE OVERALL REVITALIZATION OF INNER-CITY NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Mcgee Chairman | Trustee | 2 | $0 |
Bert Bivins III Vice-Chairman | OfficerTrustee | 2 | $0 |
Sundra Woodford Secretary | OfficerTrustee | 2 | $0 |
Bruce Gerwig Board Member | Trustee | 2 | $0 |
Thomas Ellington Board Member | Trustee | 2 | $0 |
Everett Verner Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $85 |
| 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 | $85 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,672 |
| 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 | $5,000 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $104,672 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $104,672 |
| 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 | $104,672 |