Overview
What is Oak Ridge Land Bank Inc?
Oak Ridge Land Bank Inc is a nonprofit organization located in Oak Ridge, Tennessee. Their mission is to revitalize and redevelop unused, vacant, tax-delinquent, or undesirable land, transforming them into potential housing opportunities or productive public use properties. The organization acquires, manages, and disposes of such properties in a way that encourages development, contributing to city planning, economic growth, and neighborhood enhancement. By analyzing and evaluating properties throughout the city, Oak Ridge Land Bank Inc aims to preserve and revitalize neighborhoods in Oak Ridge.
Is Oak Ridge Land Bank Inc legitimate?
Oak Ridge Land Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Ridge Land Bank Inc 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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What is the mission statement of Oak Ridge Land Bank Inc?
Oak Ridge Land Bank Inc's mission is centered around stimulating planning, economic development, and neighborhood revitalization. They achieve this by acquiring, managing, and disposing of vacant, abandoned, tax-delinquent, and under-utilized properties in a manner that encourages their productive use. By returning these properties to their intended purposes, the organization contributes to the development of the city. Additionally, Oak Ridge Land Bank Inc analyzes and evaluates properties throughout the city to preserve and revitalize neighborhoods.
Who is the CEO of Oak Ridge Land Bank Inc?
Kelly Callison is the Director of Oak Ridge Land Bank Inc.
What is the revenue of Oak Ridge Land Bank Inc?
Oak Ridge Land Bank Inc's revenue in 2022 was -$55,432.
Who are the executives of Oak Ridge Land Bank Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Oak Ridge Land Bank Inc?
Oak Ridge Land Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oak Ridge Land Bank Inc
Oak Ridge Land Bank Inc's mission is centered around stimulating planning, economic development, and neighborhood revitalization. The organization accomplishes this by acquiring, managing, and disposing of vacant, abandoned, tax-delinquent, and under-utilized properties in a manner that encourages their development and return to productive use. By doing so, Oak Ridge Land Bank Inc aims to foster the development of these properties, contributing to the overall improvement of the community.
In addition to property acquisition and disposal, Oak Ridge Land Bank Inc also analyzes and evaluates properties throughout the city. This process is designed to preserve and revitalize neighborhoods, ensuring that the community continues to grow and thrive. By focusing on the acquisition, management, and disposal of vacant and under-utilized properties, Oak Ridge Land Bank Inc plays a crucial role in the development and revitalization of the city, ultimately benefiting the community as a whole.
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Impact
October, 2024
Oak Ridge Land Bank Inc plays a vital role in revitalizing the community by transforming vacant, abandoned, and tax-delinquent properties into productive assets. By acquiring and developing these under-utilized lands, the organization stimulates economic development and neighborhood revitalization in Oak Ridge, TN.
Through careful evaluation and reclamation of undesirable properties, Oak Ridge Land Bank creates housing opportunities and enhances public spaces, making neighborhoods more vibrant and economically viable. The initiative not only addresses the issue of blight but also contributes to a more sustainable urban environment by fostering responsible land use.
The impact of Oak Ridge Land Bank can be seen in its commitment to planning and community improvement, leading to enhanced quality of life for residents and encouraging further investment in the area.
This information is meant to be a general summary of Oak Ridge Land Bank Inc. 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: $306
- Gross Receipts: $56,406
Assets and Liabilities:
- Total Assets: $2,353,788
- Total Liabilities: $853,278
- Net Assets: $1,500,510
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Organization Details
Founding Year
2013
Phone
(865) 425-3530Principal Officer
Kelly Callison
Main Address
PO BOX 1, OAK RIDGE, TN, 378310001
NTEE Category
Code: S99 - Community improvement
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