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Troy Community Land Bank Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472386710 ✦ Troy, NY ✦ Designated as a 501(c)(3)

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Overview

What is Troy Community Land Bank Corporation?

Troy Community Land Bank Corporation is a nonprofit organization situated in Troy, New York, specifically at 200 Broadway No 701. Their primary mission revolves around revitalizing vacant, abandoned, and underutilized properties within the city through strategic planning and community partnerships. The ultimate aim is to stimulate economic growth, promote long-term sustainability, and create new opportunities for Troy's residents and businesses. In 2020, they managed to acquire no properties but sold four. Their operational approach involves acquiring, rehabilitating, and reselling vacant and abandoned buildings across Troy to contribute to the enhancement of local neighborhoods and improve the overall quality of life.


Official website here: www.troycommunitylandbank.org

Is Troy Community Land Bank Corporation legitimate?

Troy Community Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy Community 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.troycommunitylandbank.org

What is the mission statement of Troy Community Land Bank Corporation?

The Troy Community Land Bank Corporation acquires, rehabilitates, and resells vacant and abandoned buildings to stimulate economic growth and long-term sustainability in the community. Their primary objective is to redevelop underutilized properties through strategic planning and community partnerships, ultimately leading to new opportunities and stronger neighborhoods, thereby enhancing the quality of life for local residents and businesses. In 2020, the organization acquired no parcels of property but managed to sell four properties.


Official website here: www.troycommunitylandbank.org

Who is the CEO of Troy Community Land Bank Corporation?

Anthony Tozzi is the Executive Director of Troy Community Land Bank Corporation.


Official website here: www.troycommunitylandbank.org

What is the revenue of Troy Community Land Bank Corporation?

Troy Community Land Bank Corporation's revenue in 2020 was $167,779.


Official website here: www.troycommunitylandbank.org

Who are the executives of Troy Community Land Bank Corporation and what are their salaries?

There is 1 employee and 10 volunteers at Troy Community Land Bank Corporation.


Here are 11 key members and their salaries:


Anthony Tozzi (Executive Director)
  • Compensation: $77,885
  • Related: $0
  • Other: $0
Heather King (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Spellen (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Barker (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Nichols (Former Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeannette Nicholson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Cooper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cubit (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krystina Marable (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Reilly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Carmello (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.troycommunitylandbank.org

Where can I find the form 990 for Troy Community Land Bank Corporation?

Troy Community Land Bank Corporation's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.troycommunitylandbank.org

Learn more at the official website: www.troycommunitylandbank.org

Mission Statement of Troy Community Land Bank Corporation

Troy Community Land Bank Corporation, in its mission, focuses on acquiring, rehabilitating, and reselling vacant and abandoned buildings throughout various areas. The primary objective of this nonprofit organization is to redevelop underutilized properties through community partnerships and strategic planning. By doing so, Troy Community Land Bank Corporation aims to encourage economic growth, foster long-term sustainability, and create new opportunities for the city's residents and businesses. This, in turn, contributes to the development of stronger neighborhoods and ultimately improves the overall quality of life for the community. In 2020, the organization managed to acquire no parcels of property but successfully sold four properties, demonstrating its commitment to revitalizing the urban landscape.

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Impact




October, 2024

The Troy Community Land Bank Corporation significantly impacts the city of Troy, New York, by revitalizing vacant, abandoned, and under-utilized properties. Through strategic planning and community partnerships, it acquires, rehabilitates, and resells these buildings to promote economic growth and enhance the quality of life for residents and businesses.

In 2020 alone, the Land Bank's efforts included the sale of four rehabilitated properties, contributing to stronger neighborhood cohesion and sustainability. By focusing on the redevelopment of these areas, the Land Bank not only addresses the blight associated with vacant buildings but also creates new opportunities for residents, ultimately fostering a more vibrant and thriving community.




This information is meant to be a general summary of Troy Community 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.

Revenue
$167,779 (2020)
Expenses
$385,409 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $76
  • Program Service Revenue: $740
  • Gross Receipts: $495,406

Assets and Liabilities:

  • Total Assets: $1,119,768
  • Total Liabilities: $759,018
  • Net Assets: $360,750

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NON REFUNDABLE FEES

Revenue

$690

REFUNDS

Revenue

$50

Organization Details

Founding Year

2014

Principal Officer

Anthony Tozzi

Main Address

200 BROADWAY NO 701, TROY, NY, 12180

NTEE Category

Code: S20 - Community improvement

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