Overview
What is Portage County Land Reutilization Corporation?
Portage County Land Reutilization Corporation (PCLRC) is a nonprofit organization situated in Ravenna, Ohio. Its primary objective is to revitalize, renovate, or repurpose economically non-productive land across Portage County. This mission aims to contribute positively to the local community by transforming underutilized areas into useful spaces, potentially promoting economic growth and improving the overall quality of life. PCLRC operates as a dedicated entity focused on enhancing the land use in its jurisdiction.
Official website here: www.pclandbank.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Portage County Land Reutilization Corporation has achieved a strong rating of 92%, indicating high performance in accountability and finance. With all 100% of its score derived from the Accountability & Finance beacon, the organization demonstrates a solid commitment to financial transparency and governance. It has an independent board with all members meeting the criteria of being independent, which contributes to its high score.
The organization excels in various aspects of financial oversight, including having no material diversion of assets and a very favorable liabilities to assets ratio of 1.99%. Furthermore, the program expense ratio is an impressive 97.63%, highlighting a strong focus on programmatic activities rather than administrative overhead. These metrics suggest that the majority of funds are directed towards the corporation's mission.
However, there are some areas for improvement, as the organization lacks a whistleblower policy and has not posted its tax form on its website. Addressing these limitations could enhance its accountability practices further, reinforcing the confidence of donors and stakeholders in its operations. Overall, the Portage County Land Reutilization Corporation presents itself as a financially sound and transparent nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Portage County Land Reutilization Corporation legitimate?
Portage County Land Reutilization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage County Land Reutilization 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.
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Official website here: www.pclandbank.com/
What is the mission statement of Portage County Land Reutilization Corporation?
The Portage County Land Reutilization Corporation (PCLRC) serves as a non-profit organization with a mission to revitalize economically unproductive land throughout Portage County. Its primary objective is to reclaim, rehabilitate, and repurpose such land to foster productive use and community development. By undertaking these activities, PCLRC contributes to the enhancement of the local environment and economy. The corporation's work aims to transform neglected land into valuable assets, ultimately benefiting the community as a whole.
Official website here: www.pclandbank.com/
Who is the CEO of Portage County Land Reutilization Corporation?
Brad Cromes is the Board Vice C of Portage County Land Reutilization Corporation.
Official website here: www.pclandbank.com/
What is the revenue of Portage County Land Reutilization Corporation?
Portage County Land Reutilization Corporation's revenue in 2022 was $757,407.
Official website here: www.pclandbank.com/
Who are the executives of Portage County Land Reutilization Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.pclandbank.com/
Where can I find the form 990 for Portage County Land Reutilization Corporation?
Portage County Land Reutilization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pclandbank.com/
Learn more at the official website: www.pclandbank.com/
Mission Statement of Portage County Land Reutilization Corporation
The Portage County Land Reutilization Corporation, or PCLRC, is a non-profit organization with a mission to revitalize economically unproductive land throughout Portage County. Established with this purpose in mind, PCLRC works diligently to reclaim, rehabilitate, and repurpose such land to contribute positively to the community. By taking on this task, the corporation aims to breathe new life into formerly neglected areas, thereby promoting sustainable development and economic growth.
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Impact
July, 2024
Portage County Land Reutilization Corporation has made a significant impact in the community by reclaiming, rehabilitating, and reusing economically non-productive land throughout Portage County. This has helped in revitalizing neighborhoods, increasing property values, and reducing blight in the area. Through their efforts, they have played a crucial role in addressing housing challenges and promoting sustainable development in the region.
This information is meant to be a general summary of Portage County Land Reutilization 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: $6,855
- Program Service Revenue: $290,232
- Gross Receipts: $757,407
Assets and Liabilities:
- Total Assets: $2,162,098
- Total Liabilities: $48,796
- Net Assets: $2,113,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSETS HELD FOR RESALE
Revenue
$290,232
Organization Details
Founding Year
2013
Principal Officer
Brad Cromes
Main Address
PO BOX 1217, RAVENNA, OH, 44266
Website
www.pclandbank.com/NTEE Category
Code: L20 - Housing
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