Twin Cities Community Land Bank Llc
Nonprofit profile at a glance
- EIN
- 270260037
- IRS 990 coverage
- 2012–2018
- Forms available
- Form 990 2018
- Location
- St Anthony, MN, USA
- Phone
- 6122388210
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Land Resources Conservation
Reported finances
- Revenue
- $247,461
- Expenses
- $348,745
- Assets
- $2,163,441
- Liabilities
- $1,773,229
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- SANDRA L OAKES (PRESIDENT)
Highest reported compensation
- SANDRA L OAKES (PRESIDENT): $178,194 total reported compensation
- JOHN DOLPHIN (CHIEF FINANCIAL OFFICER): $176,481 total reported compensation
- EDDIE LANDENBERGER (SR. PROGRAM MANAGER): $144,305 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The twin cities community land bank llc captures strategic real estate opportunities to benefit people with low to moderate incomes, prioritizing people of color and populations facing barriers.
What it reported doing in 2018
Twin cities community land bank llc (tcclb) acquires strategic properties in the seven county metropolitan area for future development by approved non-profit and socially responsible for-profit developers, non-profit service providers, and governments.
Operating model
- Revenue model
- Other-operating. 67% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 62
- Accountability: 32
- Sustainability: 29
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -40.9%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 6.2; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 28.6%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -9.5% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -24.6% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -23.3% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99% of spending went to programs
- Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $345K in reported program spending
- Leadership: top reported pay $178K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2012 to 2018
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 5 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.