Overview
What is Wilmington Neighborhood Conservancy Land Bank Corporation?
Wilmington Neighborhood Conservancy Land Bank Corporation is a nonprofit organization based in Wilmington, Delaware. Its primary mission is to revitalize neighborhoods and stimulate economic development by transforming vacant, dilapidated, abandoned, and delinquent properties into productive assets. They achieve this objective in a transparent, purposeful, and public-benefitting manner, fostering collaboration between governments, community organizations, and the private sector. Their approach is sustainable and economically efficient, aligning with the city's comprehensive development plan, and primarily focuses on investing in existing neighborhoods. The organization, with a team of 4 employees, strives to improve coordination of resources and efforts within the community to achieve its goals.
Official website here: www.wilmingtonlandbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
The Wilmington Neighborhood Conservancy Land Bank Corporation holds a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates a commendable program expense ratio of 89.85%, showing a strong commitment to its mission-related activities. However, the charity faces significant shortcomings in transparency, particularly due to missing financial statements and policies such as a whistleblower and document retention policy.
While the board size is composed entirely of independent members, the percentage of independent board members is low at 46%, which may raise concerns about governance. The organization does follow some best practices, evidenced by the presence of meeting minutes and a conflict of interest policy. However, overall financial transparency is hindered by the absence of critical financial documents on their website.
Ultimately, the Wilmington Neighborhood Conservancy Land Bank Corporation has strengths in its program spending and governance structure but falls short in transparency and compliance with essential practices, which could affect donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Neighborhood Conservancy Land Bank Corporation legitimate?
Wilmington Neighborhood Conservancy Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Neighborhood Conservancy 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: $111,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,958
For more financial information, click here
Official website here: www.wilmingtonlandbank.org
What is the mission statement of Wilmington Neighborhood Conservancy Land Bank Corporation?
The Wilmington Neighborhood Conservancy Land Bank Corporation's mission is geared towards transforming vacant, dilapidated, abandoned, and delinquent properties into productive assets. This mission aims to strengthen and revitalize communities, fostering economic development. The corporation accomplishes this objective in a purposeful, transparent, and public-beneficial manner. It also improves resource coordination among governments, community organizations, and the private sector, ensuring economic efficiency and sustainability. The mission aligns with the city's comprehensive development plan and invests in existing neighborhoods, ultimately revitalizing the local area.
Official website here: www.wilmingtonlandbank.org
Who is the CEO of Wilmington Neighborhood Conservancy Land Bank Corporation?
Ray Saccomandi is the Chair of Wilmington Neighborhood Conservancy Land Bank Corporation.
Official website here: www.wilmingtonlandbank.org
What is the revenue of Wilmington Neighborhood Conservancy Land Bank Corporation?
Wilmington Neighborhood Conservancy Land Bank Corporation's revenue in 2022 was $4,934,033.
Official website here: www.wilmingtonlandbank.org
Who are the executives of Wilmington Neighborhood Conservancy Land Bank Corporation and what are their salaries?
The average compensation at Wilmington Neighborhood Conservancy Land Bank Corporation during 2022 was $69,120. There are 4 employees and 18 volunteers at Wilmington Neighborhood Conservancy Land Bank Corporation.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $3,874
Official website here: www.wilmingtonlandbank.org
Where can I find the form 990 for Wilmington Neighborhood Conservancy Land Bank Corporation?
Wilmington Neighborhood Conservancy Land Bank Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wilmingtonlandbank.org
Learn more at the official website: www.wilmingtonlandbank.org
Mission Statement of Wilmington Neighborhood Conservancy Land Bank Corporation
The Wilmington Neighborhood Conservancy Land Bank Corporation is committed to a mission that revolves around revitalizing neighborhoods and stimulating economic development. This mission is carried out by transforming vacant, dilapidated, abandoned, and delinquent properties into productive use. By doing so, the organization aims to strengthen these communities and contribute to their overall improvement.
The corporation accomplishes its mission in a purposeful, transparent, and public-benefiting manner. It strives to improve the coordination of resources and efforts between governments, community organizations, and the private sector. This approach ensures that the transformation of these properties is not only economically efficient but also sustainable. Furthermore, the organization's initiatives reflect the goals and objectives outlined in the city's comprehensive development plan, ensuring that the revitalization efforts align with the broader vision for the community.
Investment in existing neighborhoods is a key aspect of the Wilmington Neighborhood Conservancy Land Bank Corporation's mission. By returning these properties to productive use, the organization contributes to the overall vitality and growth of the communities in which they operate. This can lead to improved living conditions, increased property values, and an enhanced quality of life for local residents. Overall, the mission of the Wilmington Neighborhood Conservancy Land Bank Corporation is to revitalize neighborhoods and stimulate economic development through the thoughtful transformation of vacant properties.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Wilmington Neighborhood Conservancy Land Bank Corporation plays a crucial role in revitalizing neighborhoods in Wilmington by returning vacant, dilapidated, abandoned, and delinquent properties to productive use. This effort strengthens the community, spurs economic development, and contributes to the overall improvement of the city. Their purposeful and transparent approach aligns with the city's comprehensive development plan, effectively coordinating resources and efforts across various sectors to make a sustainable impact on existing neighborhoods.
This information is meant to be a general summary of Wilmington Neighborhood Conservancy 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: -$276,488
- Gross Receipts: $5,303,180
Assets and Liabilities:
- Total Assets: $3,846,516
- Total Liabilities: $1,868,705
- Net Assets: $1,977,811
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(302) 746-6009Principal Officer
Ray Saccomandi
Main Address
404 N MARKET ST, WILMINGTON, DE, 19801
Website
www.wilmingtonlandbank.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Wilmington Neighborhood Conservancy Land Bank 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.