Cuyahoga Land Bank Charities
Nonprofit profile at a glance
- EIN
- 824194587
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2018
- Location
- Cleveland, OH, USA
- Phone
- 2166985801
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,592,680
- Expenses
- $1,286,779
- Assets
- $1,685,185
- Liabilities
- $42,019
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- DENNIS ROBERTS (TRUSTEE): $220,293 total reported compensation
- RICARDO LEON (CHAIR (9/1/24-PRESENT), VICE CHAIR (1/1-8/31/24)): $219,037 total reported compensation
- GUS FRANGOS (FORMER BOARD CHAIR (8/31/24)): $200,377 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cuyahoga land bank charities, a 501(c)(3) nonprofit subsidiary of cuyahoga land bank, works in partnership with municipalities, nonprofits and faith-based organizations to help provide housing opportunities to vulnerable populations. This work ultimately supports the land bank's mission to return vacant and abandoned properties to productive use, while meeting a critical need for housing in the community.these efforts, that result through collaboration with a variety of impactful organizations, focus on promoting: affordable housing; economic stability with equitable wealth building; family stability through home ownership; and education.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 87
- Accountability: 16
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81%; rating input score 81
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.2%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.31; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 44.6% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 40.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 44.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 81% of revenue deployed · 99.2% of spending went to programs
- Governance: 0 of 5 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $220K · 6 people listed · 4 of 6 pay-setting controls reported
- Consistency: 21 of 21 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 12 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.