Cattaraugus County Land Bank Corporation
- Assets
- $542.3k
- Revenue
- $425.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Valley, NY
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3344989
Organization Overview
Cattaraugus County Land Bank Corporation is located in Little Valley, NY. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Cattaraugus 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, Cattaraugus County Land Bank Corporation generated $425.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $257.5k during the year ending 12/2022. While expenses have increased by 36.3% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORING AND BUILDING VALUE IN THE COMMUNITY BY RETURNING UNDERUTILIZED PROPERTIES TO DYNAMIC AND PRODUCTIVE USE, PRESERVING AND CREATING QUALITY HOUSING, ENHANCING THE QUALITY OF LIFE WITHIN NEIGHBORHOODS, AND ENCOURAGING PRIVATE SECTOR INVESTMENT IN COOPERATION WITH STAKEHOLDERS WHO VALUE RESPONSIBLE LAND OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFRONTING AND ALLEVIATING THE PROBLEMS CAUSED BY VACANT, ABANDONED, TAX-DELINQUENT, AND TAX FORECLOSED PROPERTIES IN CATTARAUGUS COUNTYLESSENING THE BURDEN ON THE LOCAL GOVERNMENT WITHIN THE COUNTY BY STRATEGICALLY ACQUIRING, DEVELOPING, IMPROVING, ASSEMBLING, AND SELLING DISTRESSED, VACANT, ABANDONED AND/OR TAX DELINQUENT PROPERTIES, WHICH WILLRETURN IMPROVED PROPERTIES TO THE TAX ROLL AND PRODUCTIVE USEINCREASE HOME OWNERSHIP AND AFFORDABLE HOUSING OPPORTUNITIESCOMBATING COMMUNITY DETERIORATION AND URBAN DECAY CAUSED BY VACANT, ABANDONED, TAX-DELINQUENT, AND TAX FORECLOSED PROPERTIES BY TAKING REMEDIAL ACTION TO ELIMINATE THE PHYSICAL, ECONOMIC, AND SOCIAL CAUSES OF SUCH DETERIORATIONCONTROLLING AND MODESTLY IMPROVING PROMISING PROPERTIES TO ATTRACT REPUTABLE BUYERS COMMITTED TO INVESTING TIME AND RESOURCES IN IMPROVING THEMSECURING AND HOLDING PROPERTIES THAT MAY ADDRESS A FUTURE COMMUNITY NEEDCOLLABORATING WITH THE PRIVATE SECTOR, MUNICIPALITIES, AND HOUSING PROVIDER AGENCIES TO IMPROVE STRUCTURES FOR VIABLE END USE AND REMOVE DERELICT STRUCTURES THAT DO NOT MEET COMMUNITY NEEDLEVERAGING INTERNAL ASSETS WITH EXTERNAL RESOURCES TO EFFECT CHANGEPLANNING AND IMPLEMENTING PROGRAMS, PROJECTS AND ACTIVITIES DESIGNED TO CREATE OR STIMULATE ECONOMIC AND COMMUNITY DEVELOPMENTSUPPORTING MUNICIPAL AND REGIONAL DEVELOPMENT EFFORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Keller Treasurer | OfficerTrustee | 1 | $0 |
Crystal Abers Secretary | OfficerTrustee | 1 | $0 |
David Koch Vice Chairman | OfficerTrustee | 1 | $0 |
Dan Martonis Chairman | OfficerTrustee | 1 | $0 |
Joe Snyder Director | Trustee | 1 | $0 |
Richard Helmich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,872 |
| 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 | $235,872 |
| Total Program Service Revenue | $189,900 |
| Investment income | $0 |
| 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 | $425,772 |
| 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 | $5,000 |
| 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 | $10,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,102 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,353 |
| All other expenses | $0 |
| Total functional expenses | $257,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,264 |
| 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 | $0 |
| 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 | $542,264 |
| Accounts payable and accrued expenses | $27,402 |
| 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 | $27,402 |
| Net assets without donor restrictions | $514,862 |
| 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 | $542,264 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cattaraugus County Land Bank Corporation has recieved totaling $518,068.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $259,034 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $259,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |