Overview
What is Hartford Land Bank Inc?
Hartford Land Bank Inc is a nonprofit organization based in Hartford, Connecticut, with a focus on blight remediation. Their primary mission is to acquire, manage, rehabilitate, redevelop, lease, and sell vacant, abandoned, donated, or tax-delinquent properties in Hartford that are blighted. The goal is to improve the community and economic vitality of Hartford neighborhoods, ensure long-term sustainability of impacted properties, and enhance the quality of life for residents and businesses. To achieve this, they coordinate their activities with various community, regional, and neighborhood partners who share similar objectives. Hartford City is a key partner, and the Hartford Land Bank ED serves as the primary liaison to the city. The organization currently employs 3 individuals.
Official website here: www.hartfordlandbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Hartford Land Bank Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating reflects a strong emphasis on financial oversight, with specific strengths in independent board membership and various governance policies. However, the organization scored lower in its liabilities to assets ratio, suggesting potential concerns regarding financial stability in that area.
The nonprofit demonstrates solid accountability practices, with a fully independent board and comprehensive audit and oversight measures in place. It has also succeeded in maintaining transparency by providing essential documents such as meeting minutes and tax forms on its website. These practices contribute positively to its overall rating, suggesting that efforts are made to uphold good governance standards.
On the downside, Hartford Land Bank Inc lacks a whistleblower policy and document retention guidelines, which may indicate room for improvement in its operations. Additionally, while its program expense ratio is commendable, the organization's liabilities to assets ratio highlights potential financial risks that warrant attention. Overall, while the Hartford Land Bank Inc shows promise in certain areas, addressing its financial and policy weaknesses could enhance its effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Hartford Land Bank Inc legitimate?
Hartford Land Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hartford 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,980
For more financial information, click here
Official website here: www.hartfordlandbank.org
What is the mission statement of Hartford Land Bank Inc?
The Hartford Land Bank Inc's mission is to revitalize communities and promote economic growth by identifying, acquiring, and redeveloping vacant, abandoned, tax-delinquent, and distressed properties. Through partnerships with government, nonprofit, and private sector entities, the organization aims to improve the vitality of Hartford neighborhoods and ensure the long-term sustainability of the impacted properties. The redevelopment efforts are designed to enhance the quality of life for residents and businesses, and the organization coordinates its activities with other community, regional, and neighborhood partners pursuing complementary objectives. The Hartford Land Bank Inc serves as the primary liaison to the city of Hartford, working closely with the city to achieve its goals.
Official website here: www.hartfordlandbank.org
Who is the CEO of Hartford Land Bank Inc?
Jen Hockenhull is the Chairperson of Hartford Land Bank Inc.
Official website here: www.hartfordlandbank.org
What is the revenue of Hartford Land Bank Inc?
Hartford Land Bank Inc's revenue in 2023 was $1,903,300.
Official website here: www.hartfordlandbank.org
Who are the executives of Hartford Land Bank Inc and what are their salaries?
The average compensation at Hartford Land Bank Inc during 2023 was $66,029. There are 3 employees and 8 volunteers at Hartford Land Bank Inc.
Here are 9 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: $120,000
- Related: $0
- Other: $0
Official website here: www.hartfordlandbank.org
Where can I find the form 990 for Hartford Land Bank Inc?
Hartford Land Bank Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hartfordlandbank.org
Learn more at the official website: www.hartfordlandbank.org
Mission Statement of Hartford Land Bank Inc
The Hartford Land Bank Inc, a nonprofit organization, is dedicated to revitalizing communities and boosting economic vitality within Hartford neighborhoods. By identifying, acquiring, and redeveloping vacant, abandoned, tax-delinquent, and distressed properties, the organization aims to ensure the long-term sustainability of impacted properties and improve the quality of life for residents and businesses. In collaboration with government, nonprofit, and private sector partners, Hartford Land Bank Inc coordinates its activities to complement objectives and goals that are similar to its own. The organization serves as the primary liaison to the City of Hartford, working closely with it to achieve common goals in neighborhood revitalization.
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
June, 2024
Hartford Land Bank Inc's impact is focused on revitalizing and improving Hartford neighborhoods by identifying, acquiring, and redeveloping vacant, abandoned, tax-delinquent, and distressed properties. Through partnerships with government entities, Hartford Land Bank Inc works to improve community and economic vitality, ensure the long-term sustainability of properties, and enhance the quality of life for residents and businesses in Hartford. Their efforts towards blight remediation aim to acquire, maintain, manage, rehabiliate, and sell properties in the city, contributing to the overall environmental and social well-being of Hartford.
This information is meant to be a general summary of Hartford 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 2023.
- Gross Receipts: $2,297,466
Assets and Liabilities:
- Total Assets: $4,953,641
- Total Liabilities: $3,330,596
- Net Assets: $1,623,045
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(860) 335-0347Principal Officer
Jen Hockenhull
Main Address
30 LAUREL STREET 3D, HARTFORD, CT, 06106
Website
www.hartfordlandbank.orgNTEE Category
Code: C60 - Environment
If you are a representative of Hartford Land Bank Inc 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.