Overview
What is Newburgh Community Land Bank C/O Jennifer Welles?
Newburgh Community Land Bank C/O Jennifer Welles is a nonprofit organization situated in Newburgh, New York. Its primary objective is to stimulate urban planning, promote economic development, and foster neighborhood revitalization within the city. This year, the land bank's net position experienced an increase of approximately $539,499, primarily due to delays in property sales and renovation projects, which were impacted by the COVID-19 pandemic. The land bank disposed of 27 properties in fiscal year 2021, with a total cost of approximately $592,265. Five properties were sold to Habitat for Humanity for affordable homeownership, while 20 properties were sold to RUPCO for affordable rental housing. Two homes were also sold to owner occupants. Additionally, the land bank initiated construction on four properties for rental supported homeownership, and completed environmental remediation and structural stabilization work on four properties. The organization's activities are overseen by Jennifer Welles.
Official website here: www.newburghcommunitylandbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Newburgh Community Land Bank has achieved a high rating of 92%, indicating strong accountability and financial health. This score is derived solely from their Accountability & Finance metrics, reflecting the organization's commitment to transparency and responsible governance. With a fully independent board and well-documented policies, the organization demonstrates excellent oversight practices.
Strengths include an impressive program expense ratio of nearly 95%, suggesting that a significant portion of their funding directly supports their mission. Additionally, the charity has no reported issues with material diversion of assets, underscoring its integrity. The organization’s adherence to financial best practices is evidenced by their clear financial statements, regular board meeting documentation, and robust audit oversight.
While the organization excels in accountability, the summary does not provide insights into programmatic outcomes or community impact, which could offer a fuller picture of effectiveness. Overall, the Newburgh Community Land Bank appears to be a well-managed nonprofit that prioritizes financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Newburgh Community Land Bank C/O Jennifer Welles?
Four individuals have shared their thoughts regarding the Newburgh Community Land Bank. Here is a summary of their feedback:
All reviews highlight a common theme of appreciation for the nonprofit's efforts in improving the community by replacing unsafe and unhealthy housing. The commitment to creating new homes resonates well with those who recognize the positive impact such initiatives can have on local residents.
Overall, the sentiment expressed reflects strong support for the organization's mission and its tangible contributions to enhancing living conditions in the area.
This AI summary has been generated from reviews found on Facebook.
Is Newburgh Community Land Bank C/O Jennifer Welles legitimate?
Newburgh Community Land Bank C/O Jennifer Welles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newburgh Community Land Bank C/O Jennifer Welles 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: $0
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Other Salaries and Wages: $269,650
For more financial information, click here
Official website here: www.newburghcommunitylandbank.org
What is the mission statement of Newburgh Community Land Bank C/O Jennifer Welles?
The Newburgh Community Land Bank's mission is focused on stimulating planning, economic development, and neighborhood revitalization. This organization serves to enhance its area by promoting strategic planning, economic growth, and community improvements. Its activities primarily aim to revitalize neighborhoods, fostering a sense of renewal and progress. The Land Bank's efforts are instrumental in stimulating economic development, contributing to the improvement of the overall community.
Official website here: www.newburghcommunitylandbank.org
Who is the CEO of Newburgh Community Land Bank C/O Jennifer Welles?
Lisa Daily is the Chairperson/Director of Newburgh Community Land Bank C/O Jennifer Welles.
Official website here: www.newburghcommunitylandbank.org
What is the revenue of Newburgh Community Land Bank C/O Jennifer Welles?
Newburgh Community Land Bank C/O Jennifer Welles's revenue in 2021 was $1,196,822.
Official website here: www.newburghcommunitylandbank.org
Who are the executives of Newburgh Community Land Bank C/O Jennifer Welles and what are their salaries?
The average compensation at Newburgh Community Land Bank C/O Jennifer Welles during 2021 was $67,412. There are 4 employees and 10 volunteers at Newburgh Community Land Bank C/O Jennifer Welles.
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Official website here: www.newburghcommunitylandbank.org
Where can I find the form 990 for Newburgh Community Land Bank C/O Jennifer Welles?
Newburgh Community Land Bank C/O Jennifer Welles's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.newburghcommunitylandbank.org
Learn more at the official website: www.newburghcommunitylandbank.org
Mission Statement of Newburgh Community Land Bank C/O Jennifer Welles
The Newburgh Community Land Bank, led by Jennifer Welles, was established with a mission to stimulate planning, economic development, and neighborhood revitalization in its jurisdiction. This organization's primary objective is to breathe new life into its community by initiating projects that foster planning, economic growth, and urban enhancement. By taking on this role, the Newburgh Community Land Bank aims to contribute to the overall betterment and rejuvenation of the city it serves.
In achieving its mission, the Newburgh Community Land Bank engages in various activities. One of its key tasks is disposing of properties, as it did with 27 properties in fiscal year 2021, at an approximate cost of $592,265. Some of these properties were sold to Habitat for Humanity for affordable homeownership, while others were transferred to RUPCO for affordable rental housing and to owner occupants. Additionally, the Land Bank initiated construction on four properties for the purpose of rental supported homeownership. Moreover, it undertook environmental remediation and structural stabilization work on four properties, demonstrating its commitment to restoring and revitalizing properties within its community.
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Impact
July, 2024
Newburgh Community Land Bank, under the guidance of Jennifer Welles, has made significant strides in stimulating planning, economic development, and neighborhood revitalization in the city of Newburgh, New York. In the past year, the organization has successfully disposed of 27 properties, with a cost totaling approximately $592,265. Moreover, they have initiated construction on four properties aimed at rental supported homeownership, demonstrating a commitment to providing affordable housing solutions to the community.
Furthermore, the Land Bank's efforts have resulted in the completion of environmental remediation and structural stabilization work on four properties, showcasing a dedication to improving the overall quality and safety of neighborhoods in Newburgh. By collaborating with entities such as Habitat for Humanity and RUPCO, the Land Bank has facilitated affordable homeownership and rental opportunities, positively impacting the community's housing landscape.
Overall, Newburgh Community Land Bank, spearheaded by Jennifer Welles, continues to play a crucial role in driving positive change and contributing to the overall well-being of Newburgh residents through its strategic initiatives in community improvement.
This information is meant to be a general summary of Newburgh Community Land Bank C/O Jennifer Welles. 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 2021.
- Gross Receipts: $1,789,087
Assets and Liabilities:
- Total Assets: $2,241,923
- Total Liabilities: $327,882
- Net Assets: $1,914,041
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Organization Details
Founding Year
2012
Phone
(845) 569-7350Principal Officer
Lisa Daily
Main Address
PO BOX 152, NEWBURGH, NY, 12550
NTEE Category
Code: S20 - Community improvement
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