Overview
What is Richland County Land Reutilization Corporation?
The Richland County Land Reutilization Corporation is a nonprofit organization based in Mansfield, Ohio. Its mission is to improve the community by strategically acquiring vacant and abandoned properties, reducing blight, increasing property values, and returning them to productive use. This enhances the quality of life for county residents. The organization achieves this by obtaining properties through contributions and foreclosure proceedings, evaluating buildings for environmental hazards, and demolishing those not suitable for rehabilitation. Empty lots are then offered to eligible adjacent landowners at a small fee and recording costs. This process helps revitalize the community and stimulate economic growth in Richland County.
Official website here: www.richlandcountylandbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Richland County Land Reutilization Corporation has received a solid rating of 81%, reflecting strong accountability and financial management practices. This score is based solely on its Accountability & Finance metrics, highlighting the organization’s commitment to transparency and responsible stewardship of funds. With all board members being independent, the organization has effectively established a governance structure that minimizes conflicts of interest.
The nonprofit demonstrates impressive financial health, evidenced by a high program expense ratio of 96.86%, indicating that the majority of its expenses directly support its mission-related activities. Additionally, the organization has no material diversion of assets, which suggests that funds are being utilized efficiently and as intended. Policies related to conflict of interest, whistleblower protections, and document retention are well-documented and in place, further reinforcing the organization's accountability.
While the data provided illustrates a robust operational foundation, the rating relies exclusively on financial metrics. There may be aspects related to program impact or community feedback that are not captured in this score, which potential donors and supporters may want to consider when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Richland County Land Reutilization Corporation legitimate?
Richland County Land Reutilization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richland 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.richlandcountylandbank.org
What is the mission statement of Richland County Land Reutilization Corporation?
The Richland County Land Reutilization Corporation aims to positively impact its community in a sustainable manner. They accomplish this by strategically acquiring vacant and abandoned properties, reducing blight, increasing property values, and returning these properties to productive use. This process ultimately improves the quality of life for local residents. The organization acquires blighted properties through contributions and foreclosure proceedings. Buildings are assessed for environmental hazards like asbestos. If buildings cannot be rehabilitated, they are demolished. Empty lots are then offered first to eligible adjacent landowners for purchase at a small fee plus recording costs.
Official website here: www.richlandcountylandbank.org
Who is the CEO of Richland County Land Reutilization Corporation?
Bart Hamilton is the Chairman of Richland County Land Reutilization Corporation.
Official website here: www.richlandcountylandbank.org
What is the revenue of Richland County Land Reutilization Corporation?
Richland County Land Reutilization Corporation's revenue in 2022 was $2,044,353.
Official website here: www.richlandcountylandbank.org
Who are the executives of Richland County Land Reutilization Corporation and what are their salaries?
There 9 volunteers at Richland County Land Reutilization Corporation.
Here are 9 key members and their salaries:
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Official website here: www.richlandcountylandbank.org
Where can I find the form 990 for Richland County Land Reutilization Corporation?
Richland County Land Reutilization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richlandcountylandbank.org
Learn more at the official website: www.richlandcountylandbank.org
Mission Statement of Richland County Land Reutilization Corporation
The Richland County Land Reutilization Corporation aims to make a positive and sustainable impact on its community by strategically acquiring vacant and abandoned properties. This nonprofit organization's mission is twofold: firstly, it seeks to reduce blight in the community by acquiring these properties, either through contributions or foreclosure proceedings. Secondly, it aims to increase property values and return these properties to productive use, ultimately improving the quality of life for local residents.
In accomplishing its mission, the Richland County Land Reutilization Corporation evaluates the acquired properties for potential environmental hazards, such as asbestos. If a building cannot be rehabilitated due to these hazards, it is demolished. The organization then offers empty lots first to adjacent landowners who are eligible to purchase them at a small fee, plus recording costs. This approach not only helps to revitalize the community but also provides an opportunity for local landowners to expand their property holdings.
In summary, the Richland County Land Reutilization Corporation is committed to improving its community by acquiring and revitalizing blighted properties, thereby reducing blight, increasing property values, and returning these properties to productive use. This mission is crucial in improving the quality of life for local residents and fostering a sense of community pride and investment.
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Impact
July, 2024
Richland County Land Reutilization Corporation's impact is significant in revitalizing vacant and abandoned properties in the community. By strategically acquiring blighted properties and reducing blight, the organization helps to increase property values and improve the quality of life for county residents. Through their efforts of evaluating buildings for environmental hazards, rehabilitating viable structures, and demolishing those beyond repair, they contribute to the overall betterment of the community. Additionally, by offering empty lots for purchase to adjoining landowners, they facilitate the productive use of previously neglected spaces. Overall, their work plays a crucial role in transforming neighborhoods and creating a more desirable living environment for residents.
This information is meant to be a general summary of Richland 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: $4,277
- Program Service Revenue: $110,818
- Gross Receipts: $2,044,353
Assets and Liabilities:
- Total Assets: $948,119
- Total Liabilities: $372,948
- Net Assets: $575,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT ADMIN- DEMOS
Revenue
$69,354
SALE OF LOTS TO END USERS
Revenue
$41,464
Organization Details
Founding Year
2013
Phone
(419) 774-5623Principal Officer
Bart Hamilton
Main Address
50 PARK AVENUE EAST, MANSFIELD, OH, 44902
NTEE Category
Code: L25 - Housing
If you are a representative of Richland County Land Reutilization Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.