Hartford Land Bank Inc
- Assets
- $4.5m
- Revenue
- $557.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Hartford, CT
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 82-3965276
Organization Overview
Hartford Land Bank Inc is located in Hartford, CT. The organization was established in 2019. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 06/2022, Hartford Land Bank Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Land Bank 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 06/2022, Hartford Land Bank Inc generated $557.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $532.2k during the year ending 06/2022. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLIGHT REMEDIATION: THE PURPOSE OF THE PROGRAM IS TO ACQUIRE, MAINTAIN, MANAGE, REHABILITATE, REDEVELOP, LEASE AND/OR SELL VACANT, ABANDONED, DONATED, AND/OR TAX-DELINQUENT PROPERTIES IN THE CITY OF HARTFORD THAT ARE BLIGHTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Shea Interim Executive Director | Officer | 32 | $63,452 |
Arunan Arulampalam Executive Director | Officer | 40 | $53,077 |
Melvyn Colon Chairperson | OfficerTrustee | 1 | $0 |
Steven Harris Vice Chairperson | OfficerTrustee | 1 | $0 |
Violette Haldane Director | Trustee | 1 | $0 |
Jean Holloway Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $498,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,716 |
| Total Program Service Revenue | $0 |
| 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 | -$78,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,796 |
| 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. | $115,530 |
| Compensation of current officers, directors, key employees. | $30,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,907 |
| Payroll taxes | $15,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,615 |
| Fees for services: Lobbying | $20,125 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,368 |
| Advertising and promotion | $0 |
| Office expenses | $5,795 |
| Information technology | $2,594 |
| Royalties | $0 |
| Occupancy | $4,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,872 |
| Insurance | $5,984 |
| All other expenses | $199,584 |
| Total functional expenses | $532,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,419,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,605 |
| 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 | $7,236 |
| Net Land, buildings, and equipment | $8,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,490,781 |
| Accounts payable and accrued expenses | $30,933 |
| Grants payable | $0 |
| Deferred revenue | $4,056,227 |
| 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 | $4,087,160 |
| Net assets without donor restrictions | $403,621 |
| 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 | $4,490,781 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hartford Land Bank Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Mountain Club Boston, MA | $209,341,771 | $39,035,407 |
Cdp North America Inc New York, NY | $33,043,858 | $35,828,788 |
We Mean Business Coalition Inc New York, NY | $24,084,041 | $31,828,485 |
New York City Outward Bound Center Inc Long Island City, NY | $12,099,741 | $5,496,519 |
Thompson Island Outward Bound Education Center Inc Boston, MA | $13,376,568 | $5,176,529 |
Climate Jobs National Resource Center Inc New York, NY | $4,647,680 | $5,515,111 |
Coalition For Rainforest Nations Secretariat New York, NY | $10,118,420 | $9,603,902 |
Adirondack Mountain Club Inc Queensbury, NY | $6,654,615 | $4,843,206 |
Boston Harbor Now Inc Boston, MA | $4,066,521 | $5,208,606 |
Outward Bound Inc Lagrangeville, NY | $11,663,837 | $5,933,839 |
Earthplace The Nature Discovery Center Inc Westport, CT | $3,617,059 | $3,825,424 |
Empire Discovery Institute Inc Rochester, NY | $2,138,425 | $41,665 |