Overview
What is Knox County Land Reutilization Corporati?
Knox County Land Reutilization Corporation, often referred to as the Land Bank, is a nonprofit organization situated in Mount Vernon, Ohio. Their primary mission is to revitalize neighborhoods and maintain property values by strategically transforming vacant, abandoned, tax-delinquent, and other neglected properties into their most productive and highest-value uses. In 2022, the Land Bank participated in state grant programs, leading to the cleanup of numerous blighted properties across the county. Moreover, the organization completed three residential projects, renovating or constructing owner-occupied houses on formerly blighted land. Future plans include revitalizing the former Mount Vernon News building and Heartland Commerce Park. The Land Bank operates with transparency and fairness, ensuring a beneficial impact on the community.
Official website here: www.knoxadf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Knox County Land Reutilization Corporation holds a solid Three-Star rating from Charity Navigator, reflecting strong accountability and financial practices. With an impressive program expense ratio of 96.19%, the organization dedicates a significant portion of its resources to direct program services. Additionally, it boasts a fully independent board and maintains transparency through comprehensive documentation, including board meeting minutes and a conflict of interest policy.
However, the organization has room for improvement, particularly in fundraising efficiency, where it scored 0 out of 25 points. This indicates a potential challenge in generating funds to support its initiatives, which could impact its overall sustainability. Furthermore, the absence of a whistleblower policy raises concerns about internal governance and employee protections.
Overall, while the Knox County Land Reutilization Corporation demonstrates strong financial health and operational transparency, addressing its fundraising strategies and internal policies could enhance its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Knox County Land Reutilization Corporati legitimate?
Knox County Land Reutilization Corporati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knox County Land Reutilization Corporati 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.knoxadf.com
What is the mission statement of Knox County Land Reutilization Corporati?
The Knox County Land Reutilization Corporation, often referred to as the "Land Bank," works towards strengthening neighborhoods and preserving property values. It achieves this by strategically returning vacant, abandoned, tax-delinquent, and other properties to their most productive and highest-and-best uses, ensuring a fair and transparent process. In 2022, the Land Bank participated in state grant programs, leading to the cleanup of numerous blighted properties across the county. Furthermore, three residential projects were completed, involving newly renovated or constructed owner-occupied houses on previously blighted properties. The year also involved planning for the revitalization of specific buildings like the Mount Vernon News building and Heartland Commerce Park.
Official website here: www.knoxadf.com
Who is the CEO of Knox County Land Reutilization Corporati?
Teresa Bemiller is the Chair of Knox County Land Reutilization Corporati.
Official website here: www.knoxadf.com
What is the revenue of Knox County Land Reutilization Corporati?
Knox County Land Reutilization Corporati's revenue in 2022 was $3,290,274.
Official website here: www.knoxadf.com
Who are the executives of Knox County Land Reutilization Corporati and what are their salaries?
There 5 volunteers at Knox County Land Reutilization Corporati.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.knoxadf.com
Where can I find the form 990 for Knox County Land Reutilization Corporati?
Knox County Land Reutilization Corporati's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knoxadf.com
Learn more at the official website: www.knoxadf.com
Mission Statement of Knox County Land Reutilization Corporati
Knox County Land Reutilization Corporation, often referred to as the Land Bank, plays a significant role in enhancing neighborhoods and preserving property values. Its mission is accomplished by strategically transforming vacant, abandoned, tax-delinquent, and other properties into their most productive and highest-and-best uses through a transparent and fair process. This approach aims to revitalize these areas and improve their overall value.
In essence, the Land Bank serves as a catalyst for community regeneration. It identifies blighted properties and works to restore them to their original potential, thereby promoting a positive impact on the surrounding neighborhoods. This proactive approach to property reutilization not only enhances the appearance of the area but also boosts property values, making the neighborhood more appealing to potential homeowners and investors.
In 2022, the Land Bank demonstrated its commitment to this mission by participating in state brownfield grant and site revitalization grant programs. Through these initiatives, multiple blighted properties across the county were cleaned up and brought back to life. In addition, three residential projects were completed, resulting in newly renovated or constructed owner-occupied houses on formerly blighted properties. These accomplishments reflect the Land Bank's dedication to fulfilling its mission and positively impacting its community.
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Impact
July, 2024
Knox County Land Reutilization Corporation's impact is felt through its strategic efforts to revitalize neighborhoods and preserve property values. By returning vacant, abandoned, and tax-delinquent properties to productive uses, the organization plays a vital role in improving the community. In 2022, the Land Bank's participation in state grant programs led to the cleanup of blighted properties and the completion of residential projects, including renovated or newly constructed owner-occupied houses. Furthermore, the organization's plans for revitalizing key properties like the former Mount Vernon News building and Heartland Commerce Park demonstrate its commitment to long-term community development.
This information is meant to be a general summary of Knox County Land Reutilization Corporati. 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: $115,539
- Gross Receipts: $4,162,148
Assets and Liabilities:
- Total Assets: $3,851,849
- Total Liabilities: $5,875
- Net Assets: $3,845,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DTAC FEE REVENUE
Revenue
$104,336
PROPERTY MANAGEMENT RE
Revenue
$11,203
Organization Details
Founding Year
2018
Phone
(330) 264-4444Principal Officer
Teresa Bemiller
Main Address
PO BOX 29, MOUNT VERNON, OH, 43050
Website
www.knoxadf.comNTEE Category
Code: S20 - Community improvement
If you are a representative of Knox County Land Reutilization Corporati 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.