Program areas at Greater Syracuse Land Bank
The organization acquired 170 properties during the year via municipal tax-forclosure, donation, and purchase. Upon acquisition, the organization's maintenance contractor evaluated each Property, addressed any safety hazards, and reported its condition back to the organization. Based on this information along with location, adjacent acquisition opportunities and redevelopment plans, the organization developed a strategy for each Property such as stabilization, demolition, sell as-is, lease, or assemble with adjacent properties. Once a Property is available for purchase it is listed on the organization's website where interested parties can obtain instructions to submit a purchase application. The organization continuously carried out day-to-day maintenance and periodic inspections on each Property in its possession. As of the end of 2017 the organization had approximately 67 properties available for purchase on its website, and 146 properties were sold.in 2017 the Land Bank facilitated the demolition of 67 dilapidated and hazardous abandoned structures. In addition, they obtained grant funding from the office of the ny attorney general to renovate homes for low-income owner occupants and, with their co-development partner, completed the renovation of 7 of these homes in 2017.
Neibhbors 4 neighborhoods is a program that funds 80% of the cost of renovations, discounting renovated properties for nearby owner occupants to purchase and manage rental properties in their own neighborhood.
Who funds Greater Syracuse Land Bank
Grants from foundations and other nonprofits
Personnel at Greater Syracuse Land Bank
Name | Title | Compensation | Date of data |
---|
Katelyn Wright | Executive Director | | 2021-11-24 |
Julie Cerio | Secretary | $0 | 2020-04-22 |
Vito Sciscioli | Chair | $0 | 2020-04-22 |
Daniel Barnaba | Past Treasurer | $0 | 2020-04-22 |
James Corbett | Vice Chair | $0 | 2017-12-31 |
Financials for Greater Syracuse Land Bank
Revenues | FYE 12/2017 | FYE 12/2016 | % Change |
---|
Total grants, contributions, etc. | $2,247,437 | $3,392,334 | -33.7% |
Program services | $0 | $0 | - |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $44,185 | $35,241 | 25.4% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $1,501,144 | $1,387,875 | 8.2% |
Miscellaneous revenues | $20,355 | $38,629 | -47.3% |
Total revenues | $3,813,121 | $4,854,079 | -21.4% |
Organizations like Greater Syracuse Land Bank
Organization | Type | Location | Revenue |
---|
Development Corporation of Knox County (TDC) | 501(c)(3) | Knoxville, TN | $1,693,343 |
Boston Local Development Corporation | 501(c)(3) | Boston, MA | $1,383,525 |
3core | 501(c)(3) | Chico, CA | $4,523,229 |
Midtown Detroit | 501(c)(3) | Detroit, MI | $6,472,343 |
Jersey City Economic Development Corporation | 501(c)(3) | Jersey City, NJ | $1,875,777 |
Regional Opportunity Initiatives | 501(c)(3) | Bloomington, IN | $1,135,730 |
Bay Future | 501(c)(3) | Bay City, MI | $1,923,474 |
Riverfront Development Corporation of Delaware | 501(c)(3) | Wilmington, DE | $3,658,097 |
Charleston Redevelopment Corporation | 501(c)(3) | Charleston, SC | $6,079,133 |
Manayunk Development Corporation | 501(c)(3) | Philadelphia, PA | $1,903,736 |
Data update history
November 25, 2021
Updated personnel
Identified 3 new personnel
April 22, 2020
Updated personnel
Identified 14 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 431 E Fayette St No 375
- Syracuse, NY 13202
- Metro area
- Syracuse, NY
- County
- Onondaga County, NY
- Website URL
- syracuselandbank.org/
- Phone
- (315) 422-2301
- Facebook page
- greatersyracuselandbank
- Twitter profile
- @syrlandbank
IRS details
- EIN
- 46-2382007
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2012
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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