ALBANY COUNTY LAND BANK CORPORATION

ALBANY, NY, 12210-2212 (518) 407-0309 Est. 2014 EIN 47-1646099
L25— Housing & Shelter Form 990 501(c)(3)
WWW.ALBANYCOUNTYLANDBANK.ORG

Mission

THE ALBANY COUNTY LAND BANK FACILITATES THE PROCESS OF ACQUIRING, IMPROVING AND REDISTRIBUTING VACANT AND ABANDONED 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.

Financials

Total Revenue
$1,512,121
Total Expenses
$2,269,441
Net Assets
$9,717,967
10 employees 8 volunteers
From latest filing (tax period ending 2021-12-31)

Financial Health

Operating Reserve
4.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 44.8%
Expenses ↓ 11.2%
Revenue Sources
Contributions 184.7% Investment 0.1%
Expense Breakdown
Program 91.6% Management 8.4%

Officers & Key Employees (9)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (3)

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Filing History (4 filings)

YearRevenueExpensesNet Assets
2021 Form 990$1,512,121 ↓$2,269,441$9,717,967
2020 Form 990$2,739,652 ↓$2,554,685$10,475,287
2019 Form 990$4,953,099 ↑$2,554,089$10,290,320
2017 Form 990$674,758 $2,299,539$10,244,181

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EIN: 47-1646099 · Source: IRS Form 990 e-file data