Overview
What is Ogdensburg Land Bank Corporation?
The Ogdensburg Land Bank Corporation is a nonprofit organization situated in Ogdensburg, New York, specifically at 330 Ford Street. Its primary mission is to enhance the financial condition of the city, improve the quality of life, and boost citizen safety by addressing issues related to vacant, abandoned, or tax-delinquent properties. The corporation achieves this goal by returning these properties to productive use, leveraging the powers and tools granted to land banks by New York State. As of December 31, 2022, the corporation owned ten such properties and sold six during the year 2022. This proactive approach is aimed at strengthening the local economy, improving the community's living standards, and contributing positively to the municipality's financial health.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Ogdensburg Land Bank Corporation has received a Three-Star rating from Charity Navigator, signifying a solid performance in accountability and finance, with an overall score of 80%. This rating reflects the organization’s strong governance practices, such as having a fully independent board and no material diversion of assets, contributing positively to its financial health and transparency.
Strengths noted in the evaluation include a high program expense ratio of 93.19%, indicating that a significant portion of its funding is directed towards its programs. Additionally, the organization has implemented a conflict of interest policy and maintains thorough documentation of board meeting minutes, showcasing its commitment to sound operational practices.
However, there are areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which received low scores. Addressing these gaps could enhance the overall accountability and transparency of the Ogdensburg Land Bank Corporation, potentially leading to an improved rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ogdensburg Land Bank Corporation legitimate?
Ogdensburg Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ogdensburg 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
What is the mission statement of Ogdensburg Land Bank Corporation?
The Ogdensburg Land Bank Corporation's mission is centered around addressing the issues of vacant, abandoned, or tax-delinquent properties. Their primary goal is to transform these properties into productive assets, thereby strengthening the economy, enhancing the quality of life, and improving the financial condition of the municipality. This is achieved through the utilization of the powers and tools granted to land banks by New York State. The corporation's actions aim to improve the financial well-being of the community, elevate the quality of life, and ensure citizen safety, while simultaneously returning blighted properties to productive use. In 2022, six properties were sold by the corporation, and as of December 31, 2022, they owned ten properties.
Who is the CEO of Ogdensburg Land Bank Corporation?
Andrea Smith is the Chairperson of Ogdensburg Land Bank Corporation.
What is the revenue of Ogdensburg Land Bank Corporation?
Ogdensburg Land Bank Corporation's revenue in 2022 was $523,438.
Who are the executives of Ogdensburg Land Bank Corporation and what are their salaries?
There 8 volunteers at Ogdensburg Land Bank Corporation.
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: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ogdensburg Land Bank Corporation?
Ogdensburg Land Bank Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ogdensburg Land Bank Corporation
The Ogdensburg Land Bank Corporation is a mission-driven organization with a primary goal of addressing issues related to vacant, abandoned, or tax-delinquent properties. By leveraging the powers and tools granted to land banks by New York State, this nonprofit aims to return these properties to productive use. This initiative is designed to strengthen the local economy, enhance the quality of life, and improve the financial condition of the municipality. The corporation accomplishes this by either demolishing or improving blighted properties, thereby contributing to the betterment of the community's financial health and citizen safety. In 2022, six properties were sold by the corporation, and as of December 31, 2022, the organization owned ten 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
Ogdensburg Land Bank Corporation plays a crucial role in revitalizing vacant, abandoned, or tax delinquent properties in Ogdensburg, NY. By taking these properties and returning them to productive use, the organization contributes to strengthening the local economy, enhancing the quality of life for residents, and improving the financial condition of the municipality. Through activities such as property demolition or improvement, the Land Bank Corporation aims to combat blight, increase citizen safety, and facilitate the sale of properties for redevelopment purposes. With six properties sold in 2022 and ownership of ten properties as of December 31, 2022, the corporation is actively pursuing its mission to make a positive impact on the community.
This information is meant to be a general summary of Ogdensburg 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: $302,844
- Gross Receipts: $523,438
Assets and Liabilities:
- Total Assets: $303,526
- Total Liabilities: $19
- Net Assets: $303,507
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY SALES
Revenue
$302,844
Organization Details
Founding Year
2018
Phone
(315) 393-7150Principal Officer
Andrea Smith
Main Address
330 FORD STREET, OGDENSBURG, NY, 13669
NTEE Category
Code: S20 - Community improvement
If you are a representative of Ogdensburg 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.