Overview
What is Land Reutilization Corporation Of The Capital Region?
Land Reutilization Corporation of the Capital Region is a nonprofit organization situated in Schénectady, New York. Their primary mission is to revitalize neighborhoods by addressing blighting influences, such as derelict buildings, abandoned vehicles, waste, and debris. They collaborate with cross-regional and local municipal governments to enforce property maintenance standards and promote the development of affordable housing and commercial activities. This collaborative approach aims to foster enhanced economic development, thereby improving the overall condition of the neighborhoods they serve.
Official website here: www.capitalregionlandbank.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. The Land Reutilization Corporation of the Capital Region has achieved a high level of accountability and financial health, with its score reflecting a strong commitment to transparency and effective management. The charity's overall score is derived from its accountability and finance metrics, highlighting its robust operational practices.
The organization excels in several key areas, including having a fully independent board, with all members meeting the criteria for independence. Additionally, it is noted for its strong financial oversight, including an effective audit and oversight committee. The organization also demonstrates excellent practices around conflict of interest, whistleblower policies, and document management, all of which contribute to its positive standing.
Despite its strengths, the data does not indicate any limitations or areas needing improvement, which underscores the charity's solid financial practices and governance. With a program expense ratio of nearly 94%, the majority of its funds are directed toward its programs, ensuring that its mission is effectively supported.
This AI summary has been generated from information found on Charity Navigator.
Is Land Reutilization Corporation Of The Capital Region legitimate?
Land Reutilization Corporation Of The Capital Region is a legitimate nonprofit organization registered as a 501(c)(3) entity. Land Reutilization Corporation Of The Capital Region 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.capitalregionlandbank.com
What is the mission statement of Land Reutilization Corporation Of The Capital Region?
The Land Reutilization Corporation of an unspecified region aims to enhance neighborhoods by mitigating blight. This is achieved through the improvement of existing structures and the transformation of vacant and abandoned properties into productive assets. To accomplish this, the corporation identifies and removes environmental factors that contribute to blight, such as condemned buildings, abandoned vehicles, trash, and debris. Furthermore, they collaborate with local and cross-regional municipal governments to ensure the enforcement of property maintenance standards and promote the development of affordable housing and commercial activities, thereby fostering economic development.
Official website here: www.capitalregionlandbank.com
Who is the CEO of Land Reutilization Corporation Of The Capital Region?
David Hogenkamp is the Board Chair of Land Reutilization Corporation Of The Capital Region.
Official website here: www.capitalregionlandbank.com
What is the revenue of Land Reutilization Corporation Of The Capital Region?
Land Reutilization Corporation Of The Capital Region's revenue in 2022 was $1,191,407.
Official website here: www.capitalregionlandbank.com
Who are the executives of Land Reutilization Corporation Of The Capital Region and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.capitalregionlandbank.com
Where can I find the form 990 for Land Reutilization Corporation Of The Capital Region?
Land Reutilization Corporation Of The Capital Region's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalregionlandbank.com
Learn more at the official website: www.capitalregionlandbank.com
Mission Statement of Land Reutilization Corporation Of The Capital Region
The Land Reutilization Corporation of the Capital Region is committed to enhancing neighborhoods by mitigating blight. This is achieved through the improvement of existing structures and the transformation of vacant and abandoned properties into productive uses. The corporation's mission is twofold: first, it identifies and removes environmental factors that contribute to neighborhood blight, such as condemned buildings, burned structures, accumulated trash, and debris. Second, it collaborates with cross-regional and local municipal governments to ensure the enforcement of property maintenance standards and the development of affordable housing and commercial activities. These initiatives foster enhanced economic development, ultimately strengthening the neighborhoods the corporation serves.
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Impact
July, 2024
The Land Reutilization Corporation Of The Capital Region works to strengthen neighborhoods by mitigating blight through the improvement of existing structures and by returning vacant and abandoned property to productive use. They identify and remove environmental factors that are considered blighting influences on a neighborhood, such as condemned, burned, and otherwise unsalvageable buildings, abandoned cars, trash, and debris. Additionally, they collaborate with cross-regional and local municipal governments to ensure enforcement of property maintenance standards and the development of affordable housing and commercial activities that foster enhanced economic development in the community. Their efforts have a positive impact on community improvement in Schenectady, NY.
This information is meant to be a general summary of Land Reutilization Corporation Of The Capital Region. 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.
- Program Service Revenue: $112,386
- Gross Receipts: $1,191,407
Assets and Liabilities:
- Total Assets: $1,968,572
- Total Liabilities: $20,509
- Net Assets: $1,948,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGE FOR SERVICES
Revenue
$109,793
PROPERTY SALES
Revenue
$2,593
Organization Details
Founding Year
2012
Phone
(518) 377-1109Principal Officer
David Hogenkamp
Main Address
433 STATE STREET CO METROPLEX, SCHENECTADY, NY, 12305
NTEE Category
Code: S20 - Community improvement
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