Overview
What is Lake County Land Reutilization Corp?
Lake County Land Reutilization Corp is a nonprofit organization situated in Painesville, Ohio. Its primary role involves managing vacant, abandoned, or tax-foreclosed real property, overseeing their reclamation, rehabilitation, and reutilization. The company takes necessary steps to clear titles of these properties and collaborates with other governmental entities to assemble properties for future development. Additionally, Lake County Land Reutilization Corp assists both non-profit and for-profit entities in their redevelopment, renovation, or revitalization efforts. With a single employee, this organization plays a crucial role in revitalizing the community by transforming neglected properties into valuable assets.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, Overall Score: 71%
Lake County Land Reutilization Corp has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations. While the organization scores a respectable 71% overall, this rating reflects areas of concern that stakeholders may want to consider. The accountability and finance score also stands at 71%, suggesting that while there is some level of financial health and transparency, further enhancements could foster greater trust and efficacy.
The nonprofit demonstrates strengths in governance, with a fully independent board of directors and a solid record of maintaining no material diversion of assets. Additionally, the organization has implemented key policies, such as a conflict of interest policy, and actively documents board meeting minutes. These factors contribute positively to its accountability profile, reinforcing its commitment to responsible management practices.
However, the two-star rating indicates that despite these strengths, there may be limitations in other operational areas that need addressing. Stakeholders may benefit from looking into specific areas where the organization could enhance its effectiveness or impact, as these improvements would help elevate its overall score and reputation within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake County Land Reutilization Corp legitimate?
Lake County Land Reutilization Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County Land Reutilization Corp 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: $68,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,666
For more financial information, click here
What is the mission statement of Lake County Land Reutilization Corp?
Lake County Land Reutilization Corp serves a crucial role in managing vacant, abandoned, or tax-foreclosed real property. Their mission is to reclaim, rehabilitate, and ultimately reutilize these properties. They undertake the necessary steps to clear the titles of these properties. Moreover, the corporation assists various governmental entities in assembling properties for future development. Furthermore, they provide aid to both non-profit and for-profit entities, assisting them with redevelopment, renovation, or revitalization projects. Their objective is to breathe new life into these properties and contribute to their reutilization.
Who is the CEO of Lake County Land Reutilization Corp?
John M Rogers is the Executive Di of Lake County Land Reutilization Corp.
What is the revenue of Lake County Land Reutilization Corp?
Lake County Land Reutilization Corp's revenue in 2022 was $1,505,845.
Who are the executives of Lake County Land Reutilization Corp and what are their salaries?
The average compensation at Lake County Land Reutilization Corp during 2022 was $124,475. There is 1 employee at Lake County Land Reutilization Corp.
Here are 10 key members and their salaries:
- Compensation: $68,809
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Where can I find the form 990 for Lake County Land Reutilization Corp?
Lake County Land Reutilization Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake County Land Reutilization Corp
Lake County Land Reutilization Corp is a dedicated organization that plays a crucial role in managing and revitalizing vacant, abandoned, or tax-foreclosed properties. Their mission involves holding these properties until they can be reclaimed, rehabilitated, and ultimately reutilized. The company takes the necessary steps to clear the titles of these properties, preparing them for future use. Apart from this, Lake County Land Reutilization Corp also assists various governmental entities in assembling properties for future development. Furthermore, they extend their support to both non-profit and for-profit entities, helping them with redevelopment, renovation, or revitalization efforts. By doing so, the corporation contributes to the overall transformation and regeneration of these properties, thereby potentially contributing to the betterment of the communities they are situated in.
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Impact
July, 2024
Lake County Land Reutilization Corp's impact is significant in revitalizing communities by holding and managing vacant, abandoned, or tax-foreclosed real property, facilitating their reclamation, rehabilitation, and reutilization. Through clearing titles and assisting in property assembly for future development, the organization plays a crucial role in enhancing neighborhoods and supporting both governmental and non-profit/for-profit entities in their redevelopment efforts. Its efforts directly contribute to community improvement by breathing new life into underutilized properties and fostering sustainable development.
This information is meant to be a general summary of Lake County Land Reutilization Corp. 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.
- Investment Income: $4,224
- Program Service Revenue: $67,222
- Gross Receipts: $1,505,845
Assets and Liabilities:
- Total Assets: $7,577,246
- Total Liabilities: $1,498
- Net Assets: $7,575,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY SALES
Revenue
$67,222
Organization Details
Founding Year
2012
Phone
(440) 350-2133Principal Officer
John M Rogers
Main Address
8 N STATE ST STE 215, PAINESVILLE, OH, 44077
NTEE Category
Code: S20 - Community improvement
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