Overview
What is Sullivan County Land Bank Corporation?
The Sullivan County Land Bank Corporation, based in Monticello, New York, is a nonprofit organization established with a mission to revitalize and rejuvenate vacant, abandoned, and tax-delinquent properties. Their goal is to transform these properties into productive assets, thereby eliminating the associated harm and liabilities. The organization undertakes various initiatives to achieve this, promoting and facilitating the return of these properties to their former glory. The Land Bank Corporation serves as a catalyst for urban renewal in the community, contributing to a healthier and more vibrant environment.
Official website here: www.sullivancountylandbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Sullivan County Land Bank Corporation has earned a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This high score is derived solely from its Accountability & Finance metrics, which indicate effective management practices and transparency in operations. A perfect score in several categories, including independent board member composition and documentation of board meeting minutes, showcases the organization's dedication to governance and ethical standards.
Strengths of the organization include a low liabilities to assets ratio of 34.22%, demonstrating sound financial practices. Additionally, its program expense ratio of 88.90% indicates that a significant portion of funds is directed towards its mission-driven activities, rather than administrative costs. The implementation of various policies, such as conflict of interest and whistleblower policies, further emphasizes its commitment to accountability.
However, while the overall score is excellent, the reliance on a single beacon score may limit the breadth of insight into the organization's overall impact. Nevertheless, the Sullivan County Land Bank Corporation appears to demonstrate strong financial health and governance practices, making it a reliable nonprofit entity.
This AI summary has been generated from information found on Charity Navigator.
Is Sullivan County Land Bank Corporation legitimate?
Sullivan County Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sullivan County 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.sullivancountylandbank.org
What is the mission statement of Sullivan County Land Bank Corporation?
The Sullivan County Land Bank Corporation was established with the objective of addressing the issues associated with vacant, abandoned, and tax-delinquent properties. Its mission is to facilitate their return to productive use, thereby eliminating the harmful effects and liabilities these properties often cause. By promoting and undertaking necessary actions, the corporation aims to transform these properties into assets that contribute positively to their respective communities.
Official website here: www.sullivancountylandbank.org
Who is the CEO of Sullivan County Land Bank Corporation?
Jill Weyer is the Chair of Sullivan County Land Bank Corporation.
Official website here: www.sullivancountylandbank.org
What is the revenue of Sullivan County Land Bank Corporation?
Sullivan County Land Bank Corporation's revenue in 2022 was $54,260.
Official website here: www.sullivancountylandbank.org
Who are the executives of Sullivan County Land Bank Corporation and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $106,933
- Other: $55,205
- Compensation: $0
- Related: $95,000
- Other: $54,907
- Compensation: $0
- Related: $89,432
- Other: $53,629
- Compensation: $0
- Related: $27,600
- Other: $36,999
- Compensation: $0
- Related: $27,600
- Other: $36,475
- 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
Official website here: www.sullivancountylandbank.org
Where can I find the form 990 for Sullivan County Land Bank Corporation?
Sullivan County Land Bank Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sullivancountylandbank.org
Learn more at the official website: www.sullivancountylandbank.org
Mission Statement of Sullivan County Land Bank Corporation
The Sullivan County Land Bank Corporation was established with a mission to tackle the issues caused by vacant, abandoned, and tax-delinquent properties. This nonprofit organization aims to undertake, promote, and facilitate the transformation of these properties into productive assets. By doing so, the Sullivan County Land Bank Corporation seeks to eliminate the harm and liabilities associated with such properties. This proactive approach is expected to bring about a positive impact on the community, ultimately improving the overall living conditions.
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Impact
August, 2024
Sullivan County Land Bank Corporation's impact is significant in revitalizing vacant, abandoned, and tax-delinquent properties in order to eliminate the harms and liabilities caused by such properties. Through its activities, the land bank is actively working towards returning these properties to productive use, ultimately contributing to community improvement in Monticello, NY.
This information is meant to be a general summary of Sullivan County 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.
- Program Service Revenue: $8,400
- Gross Receipts: $673,965
Assets and Liabilities:
- Total Assets: $1,230,576
- Total Liabilities: $421,206
- Net Assets: $809,370
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING LOT
Revenue
$8,400
Organization Details
Founding Year
2017
Phone
(845) 807-0527Principal Officer
Jill Weyer
Main Address
PO BOX 5012, MONTICELLO, NY, 12701
NTEE Category
Code: S30 - Community improvement
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