Overview
What is Wayne County Regional Land Bank Corporat?
Wayne County Regional Land Bank Corporation is a nonprofit organization dedicated to improving the economic and social well-being of its community. The Land Bank's primary mission is to tackle the issues related to vacant, abandoned, derelict, contaminated, or tax-delinquent properties in Wayne County. By acquiring and disposing of these problematic properties, they aim to return them to productive use and alleviate the associated problems and governmental burdens. This initiative is expected to enhance the local economy, improve the quality of life, and help municipalities financially. The Land Bank employs the powers and tools granted by New York State Law to carry out its mission, working in a coordinated manner to address the property issues and contribute positively to Wayne County.
Official website here: www.waynecountylandbankny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
The Wayne County Regional Land Bank Corporation has earned a high score of 96%, reflecting its strong performance in accountability and finance. This rating indicates that the organization effectively manages its resources while maintaining transparency and adhering to best practices in governance. A fully independent board composed of nine members further reinforces its commitment to integrity and oversight.
Strengths of the organization are highlighted by a perfect score in several key areas, including its material diversion of assets and the maintenance of essential policies such as conflict of interest and whistleblower protections. The Land Bank’s program expense ratio of 98.07% suggests that it prioritizes funding towards its mission-driven activities, ensuring that the vast majority of its resources directly support its programs.
While the organization shows remarkable financial stability with a low liabilities-to-assets ratio, it is essential for stakeholders to remain engaged and informed about ongoing initiatives and community impacts. Overall, the Wayne County Regional Land Bank Corporation stands out as a well-managed nonprofit focused on effective land use and revitalization efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Wayne County Regional Land Bank Corporat legitimate?
Wayne County Regional Land Bank Corporat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne County Regional Land Bank Corporat 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: $69,162
For more financial information, click here
Official website here: www.waynecountylandbankny.com
What is the mission statement of Wayne County Regional Land Bank Corporat?
The Wayne County Regional Land Bank Corporation aims to tackle issues related to vacant, abandoned, derelict, contaminated, or tax-delinquent properties in a coordinated manner. Through the acquisition and disposition of real estate, they strive to put these properties back into productive use. Their mission is to eliminate the negative impacts of such properties and lessen the burden on local governments. By doing so, they aim to strengthen the economy, improve the quality of life, and enhance the financial condition of the municipalities.
Official website here: www.waynecountylandbankny.com
Who is the CEO of Wayne County Regional Land Bank Corporat?
Charles Verkey is the Chairman of Wayne County Regional Land Bank Corporat.
Official website here: www.waynecountylandbankny.com
What is the revenue of Wayne County Regional Land Bank Corporat?
Wayne County Regional Land Bank Corporat's revenue in 2022 was $1,023,318.
Official website here: www.waynecountylandbankny.com
Who are the executives of Wayne County Regional Land Bank Corporat and what are their salaries?
The average compensation at Wayne County Regional Land Bank Corporat during 2022 was $69,162. There is 1 employee at Wayne County Regional Land Bank Corporat.
Here are 10 key members and their salaries:
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- Compensation: $69,162
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- Other: $0
Official website here: www.waynecountylandbankny.com
Where can I find the form 990 for Wayne County Regional Land Bank Corporat?
Wayne County Regional Land Bank Corporat's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waynecountylandbankny.com
Learn more at the official website: www.waynecountylandbankny.com
Mission Statement of Wayne County Regional Land Bank Corporat
The Wayne County Regional Land Bank Corporation, a notable organization, is committed to addressing issues related to vacant, abandoned, derelict, contaminated, or tax-delinquent properties in a coordinated manner. By acquiring and disposing of real estate, this entity aims to return these properties to productive use, thereby strengthening the economy, improving the quality of life, and enhancing the financial condition of local municipalities. The Land Bank's primary mission is to eliminate the harms and liabilities caused by such properties and lessen the burden on government. By addressing these issues in a coordinated manner, the Wayne County Regional Land Bank Corporation aims to improve the overall condition of the targeted properties and contribute positively to the community.
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Impact
June, 2024
Wayne County Regional Land Bank Corporation is making a significant impact by addressing the challenges posed by vacant, abandoned, derelict, contaminated, or tax delinquent properties in Wayne County. Through the acquisition and disposition of real property, the organization is effectively returning these properties to productive use. This not only strengthens the local economy but also improves the quality of life for residents and enhances the financial condition of municipalities within the county. By utilizing the powers and tools granted to Land Banks by the State of New York, the Wayne County Regional Land Bank Corporation is playing a vital role in revitalizing communities and reducing the negative impacts of vacant and abandoned properties.
This information is meant to be a general summary of Wayne County Regional Land Bank Corporat. 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: $23,252
- Gross Receipts: $1,023,318
Assets and Liabilities:
- Total Assets: $2,185,751
- Total Liabilities: $2,207
- Net Assets: $2,183,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Property Held
Revenue
$23,252
Organization Details
Founding Year
2018
Phone
(315) 946-5495Principal Officer
Charles Verkey
Main Address
16 William Street, Lyons, NY, 14489
NTEE Category
Code: C34 - Environment
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