Finger Lakes Regional Land Bank Corporation

Nonprofit profile at a glance

EIN
810865080
IRS 990-EZ coverage
2017–2017
Forms available
Form 990-EZ 2017, Form 990-N 2016
Location
Waterloo, NY, USA
Phone
3155391667
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Land Resources Conservation

Official website

Reported finances

Revenue
$143,870
Expenses
$44,243
Assets
$101,654
Liabilities
$2,402

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • ROBERT W HAYSSEN (DIRECTOR)
  • GREGORY P LAZZARO (DIRECTOR)
  • CINDY GARLICK LORENZETTI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The finger lakes regional land bank corporation facilitates the process of acquiring, improving and redistributing properties to eliminate the harms and liabilities caused by such properties and return them to productive use, while being consistent with the municipality's redevelopment and comprehensive plans.

What it reported doing in 2017

The sole program of the land bank is the acquisition of vacant, abandoned, or tax delinquent properties and the return of these properties to productive use. The land bank receives administrative and legal services from the county of seneca, New York to assist in administering this program. The total amount of in-kind is made up of $4,690 of salaries, and $7,000 of legal counsel coming to a total of $11,690.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 84
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 69.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 2.3; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.