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EIN 03-0482299

Memphis Land Bank

IRS 501(c) type
501(c)(3)
Num. employees
29
City
Memphis
State
Tennessee
Year formed
2000
Most recent tax filings
2023-12-01
NTEE code, primary
L25: Housing Rehabilitation
Description
Memphis Land Bank acquires, constructs, develops, leases, manages, operates, sells and otherwise deals with safe, decent and affordable housing. In particular, it assists the local housing authority in providing housing to low and very low income families and individuals in the C. The organization is engaged in the construction development and management of single family and duplex low income housing tax credit properties.
Total revenues
$-568,686
2023
Total expenses
$733,373
2023
Total assets
$19,257,277
2023
Num. employees
29
2023

Program areas at Memphis Land Bank

Engaged in the construction development and management of single family and duplex low income housing tax credit properties.

Personnel at Memphis Land Bank

NameTitleCompensation
Owen L ReidDirector of Operations$153,213
Virginia FrancisAssistant Treasurer$99,432
J Martin ReganVice President , Secretary$0
Luke YancyTreasurer / Director of Operations$0
Molly BeardOutgoing Secretary and Executive Director$189,288
...and 1 more key personnel

Financials for Memphis Land Bank

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$400,508
Investment income and dividends$213,039
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,183,348
Net gain from sale of non-inventory assets$1,115
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$-568,686

Form 990s for Memphis Land Bank

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-07990View PDF
2022-122023-10-31990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $175,000 from Community Foundation of Greater Memphis
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Real estate organizationsHousing and shelter organizationsCharities
Issues
Land and water conservationEnvironmentHuman servicesCommunity improvementHousing
Characteristics
State / local levelTax deductible donations
General information
Address
5050 Poplar Ave Ste 1714
Memphis, TN 38117
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Phone
(901) 590-4821
IRS details
EIN
03-0482299
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
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