Overview
What is Landmarks Community Capital Corporation?
Landmarks Community Capital Corporation (LCCC) is a nonprofit organization based in Pittsburgh, Pennsylvania. Its primary mission is to revitalize and redevelop historically significant communities by offering loans, equity investments, and various programs aimed at combating community deterioration and blight. Through these initiatives, LCCC helps preserve, rehabilitate, acquire, and develop historical, architectural, and culturally significant buildings and sites, ultimately enhancing the living conditions in blighted areas. LCCC operates under the Treasury Regulation 501(C)(3)-1 (D)(2), which defines charitable organizations as those that promote social welfare, including the combat of community deterioration.
Official website here: www.landmarkscommunitycapital.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Landmarks Community Capital Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The rating is based entirely on a comprehensive evaluation of their financial practices, showcasing a high level of transparency and responsibility in their operations. Notably, they have a 100% independent board, which enhances their governance and oversight.
The organization demonstrates effective management of its resources, evidenced by an 81.42% program expense ratio, indicating that the majority of their funds directly support mission-related activities. Additionally, their robust financial oversight mechanisms, such as an audit and oversight committee, further bolster their credibility and reliability as a nonprofit.
While the ratings highlight many strengths, it's essential for potential donors and stakeholders to continuously monitor the organization’s performance and impact over time. Overall, Landmarks Community Capital Corporation exemplifies a well-managed nonprofit dedicated to accountability, making it a strong candidate for those looking to support impactful charitable work.
This AI summary has been generated from information found on Charity Navigator.
Is Landmarks Community Capital Corporation legitimate?
Landmarks Community Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Landmarks Community Capital Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,603
For more financial information, click here
Official website here: www.landmarkscommunitycapital.org
What is the mission statement of Landmarks Community Capital Corporation?
Landmarks Community Capital Corporation (LCCC) is committed to revitalizing and redeveloping historic communities. They achieve this goal by offering loans, providing equity investments, and implementing various programs aimed at improving community deterioration and blight. The organization's Preservation Loan Fund extends loans to nonprofit, for-profit organizations, and government agencies, enabling them to preserve, rehabilitate, acquire, and develop historically significant buildings and sites in blighted communities. According to Treasury Regulation 501(C)(3)-1(D)(2), organizations that combat community deterioration also fall under the category of charitable, as they promote social welfare.
Official website here: www.landmarkscommunitycapital.org
Who is the CEO of Landmarks Community Capital Corporation?
Michael Sriprasert is the Chair of Landmarks Community Capital Corporation.
Official website here: www.landmarkscommunitycapital.org
What is the revenue of Landmarks Community Capital Corporation?
Landmarks Community Capital Corporation's revenue in 2022 was $2,614,691.
Official website here: www.landmarkscommunitycapital.org
Who are the executives of Landmarks Community Capital Corporation and what are their salaries?
There 14 volunteers at Landmarks Community Capital Corporation.
Here are 21 key members and their salaries:
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- Related: $112,934
- Other: $27,702
Official website here: www.landmarkscommunitycapital.org
Where can I find the form 990 for Landmarks Community Capital Corporation?
Landmarks Community Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.landmarkscommunitycapital.org
Learn more at the official website: www.landmarkscommunitycapital.org
Mission Statement of Landmarks Community Capital Corporation
Landmarks Community Capital Corporation, commonly referred to as LCCC, is dedicated to revitalizing and redeveloping historic communities. They achieve this mission by providing loans, equity investments, and various programs aimed at improving community deterioration and eliminating blight. By doing so, LCCC aims to preserve, rehabilitate, acquire, and develop buildings and sites that hold historical, architectural, and cultural significance. These efforts contribute to the revitalization of blighted and deteriorating communities, aligning with the definition of a charitable organization under Treasury Regulation 501(C)(3)-1 (D)(2), which includes the promotion of social welfare by organizations designed to combat community deterioration.
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Impact
October, 2024
Landmarks Community Capital Corporation (LCCC) plays a crucial role in revitalizing and redeveloping historic communities. Through its Preservation Loan Fund, LCCC provides financial support in the form of loans to for-profit organizations and government agencies. This funding is aimed at preserving, rehabilitating, acquiring, and developing buildings and sites that have historical, architectural, or cultural significance.
By focusing on areas suffering from deterioration and blight, LCCC actively combats community decline, facilitating projects that breathe new life into neglected spaces. This approach not only aids in the physical restoration of properties but also contributes to the economic enhancement and social revitalization of neighborhoods. The impact of LCCC's efforts extends beyond mere aesthetics—it promotes social welfare and community stability, making a meaningful difference in the quality of life for residents in Pittsburgh and beyond.
This information is meant to be a general summary of Landmarks Community Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$14,638
- Program Service Revenue: $377,912
- Gross Receipts: $2,963,391
Assets and Liabilities:
- Total Assets: $7,909,896
- Total Liabilities: $569,879
- Net Assets: $7,340,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESERV. LOAN INTEREST
Revenue
$335,043
PRESERV. LOAN FEES
Revenue
$42,869
Organization Details
Founding Year
2007
Phone
(412) 471-5808Principal Officer
Michael Sriprasert
Main Address
100 W STATION SQUARE DRIVE 450, PITTSBURGH, PA, 15219
NTEE Category
Code: S20 - Community improvement
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