Overview
What is Rochester Land Bank Corporation?
Rochester Land Bank Corporation is a nonprofit organization based in Rochester, New York, specifically at 30 Church Street 125B. Their primary objective is to revitalize the city by evaluating, reclaiming, and developing abandoned, vacant, tax-delinquent, or undesirable land, transforming it into potential housing opportunities. By acquiring, developing, and returning such land and buildings into productive use, they aim to stimulate economic growth and community development in Rochester. This initiative ultimately promotes neighborhood revitalization and eliminates the associated liabilities and negative impacts of these properties.
Official website here: www.cityofrochester.gov/landbank
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Rochester Land Bank Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is entirely based on its Accountability & Finance metrics, which showcases the organization’s commitment to transparency and effective financial management. With a score of 90%, it indicates a stable operational framework and a responsible approach to utilizing resources.
Notable strengths include a fully independent board consisting of seven members, a low liabilities-to-assets ratio of 4.65%, and high program expense ratio at 89.63%. The organization has no material diversion of assets, which further exemplifies its integrity. Additionally, it has established comprehensive policies for conflict of interest and whistleblower protection, ensuring accountability and ethical governance.
While the Rochester Land Bank Corporation has demonstrated excellent financial health and governance practices, the data does not highlight any specific programmatic impact or community feedback. This lack of information on the direct outcomes of its initiatives may limit an understanding of its overall effectiveness in achieving its mission. Nonetheless, the financial metrics present a solid foundation for its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Land Bank Corporation legitimate?
Rochester Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Land Bank 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cityofrochester.gov/landbank
What is the mission statement of Rochester Land Bank Corporation?
The Rochester Land Bank Corporation's mission is focused on stimulating economic and community development. They achieve this by acquiring and disposing of properties that have been deemed vacant, abandoned, tax delinquent, or in tax foreclosure. This process promotes neighborhood and community revitalization, aiming to eliminate the harms and liabilities caused by such properties. The corporation's activities ultimately contribute to improving the overall well-being of the community.
Official website here: www.cityofrochester.gov/landbank
Who is the CEO of Rochester Land Bank Corporation?
Paul Scuderi is the Chair of Rochester Land Bank Corporation.
Official website here: www.cityofrochester.gov/landbank
What is the revenue of Rochester Land Bank Corporation?
Rochester Land Bank Corporation's revenue in 2022 was $853,798.
Official website here: www.cityofrochester.gov/landbank
Who are the executives of Rochester Land Bank Corporation and what are their salaries?
There 7 volunteers at Rochester Land Bank Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $113,662
- Other: $0
- Compensation: $0
- Related: $102,901
- Other: $0
- Compensation: $0
- Related: $125,323
- Other: $0
- Compensation: $0
- Related: $99,046
- Other: $0
- Compensation: $0
- Related: $153,132
- Other: $0
- Compensation: $0
- Related: $33,670
- Other: $0
- Compensation: $0
- Related: $80,418
- Other: $0
Official website here: www.cityofrochester.gov/landbank
Where can I find the form 990 for Rochester Land Bank Corporation?
Rochester Land Bank Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cityofrochester.gov/landbank
Learn more at the official website: www.cityofrochester.gov/landbank
Mission Statement of Rochester Land Bank Corporation
The Rochester Land Bank Corporation's mission is centered around acquiring, developing, and repurposing vacant, tax-delinquent, or undesirable land and buildings in a manner that stimulates economic and community development. By doing so, the organization aims to eliminate the harm and liabilities associated with such properties, ultimately contributing to neighborhood and community revitalization. The corporation's purpose is to facilitate the acquisition and disposal of properties that have been deemed vacant, abandoned, tax delinquent, or in tax foreclosure, thus fulfilling its role in promoting a more prosperous and flourishing community.
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Impact
July, 2024
Rochester Land Bank Corporation's impact is felt through its efforts to acquire, develop, and repurpose vacant, tax-delinquent, or undesirable land and buildings in Rochester, New York. By evaluating, reclaiming, and developing abandoned properties, the corporation contributes to potential housing opportunities and promotes community revitalization in the city. Through its mission to stimulate economic and community development by acquiring and disposing of properties that are vacant, abandoned, tax delinquent, or in tax foreclosure, the Rochester Land Bank Corporation plays a vital role in promoting neighborhood and community revitalization. Its work contributes to eliminating the harms and liabilities associated with such properties, ultimately leading to significant improvements in the overall community.
This information is meant to be a general summary of Rochester Land Bank 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: -$7,724
- Gross Receipts: $1,008,926
Assets and Liabilities:
- Total Assets: $1,564,321
- Total Liabilities: $6,122
- Net Assets: $1,558,199
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Organization Details
Founding Year
2013
Phone
(585) 428-7527Principal Officer
Paul Scuderi
Main Address
30 CHURCH STREET 125B, ROCHESTER, NY, 14614
NTEE Category
Code: S30 - Community improvement
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