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Wilmington Neighborhood Conservancy Land Bank Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 811773249 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

Overview

What is Wilmington Neighborhood Conservancy Land Bank Corporation?

Wilmington Neighborhood Conservancy Land Bank Corporation is a nonprofit organization based in Wilmington, Delaware. Its primary mission is to revitalize neighborhoods and stimulate economic development by transforming vacant, dilapidated, abandoned, and delinquent properties into productive assets. They achieve this objective in a transparent, purposeful, and public-benefitting manner, fostering collaboration between governments, community organizations, and the private sector. Their approach is sustainable and economically efficient, aligning with the city's comprehensive development plan, and primarily focuses on investing in existing neighborhoods. The organization, with a team of 4 employees, strives to improve coordination of resources and efforts within the community to achieve its goals.


Official website here: www.wilmingtonlandbank.org

Is Wilmington Neighborhood Conservancy Land Bank Corporation legitimate?

Wilmington Neighborhood Conservancy Land Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Neighborhood Conservancy Land Bank Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $111,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,958

For more financial information, click here


Official website here: www.wilmingtonlandbank.org

What is the mission statement of Wilmington Neighborhood Conservancy Land Bank Corporation?

The Wilmington Neighborhood Conservancy Land Bank Corporation's mission is geared towards transforming vacant, dilapidated, abandoned, and delinquent properties into productive assets. This mission aims to strengthen and revitalize communities, fostering economic development. The corporation accomplishes this objective in a purposeful, transparent, and public-beneficial manner. It also improves resource coordination among governments, community organizations, and the private sector, ensuring economic efficiency and sustainability. The mission aligns with the city's comprehensive development plan and invests in existing neighborhoods, ultimately revitalizing the local area.


Official website here: www.wilmingtonlandbank.org

Who is the CEO of Wilmington Neighborhood Conservancy Land Bank Corporation?

Ray Saccomandi is the Chair of Wilmington Neighborhood Conservancy Land Bank Corporation.


Official website here: www.wilmingtonlandbank.org

What is the revenue of Wilmington Neighborhood Conservancy Land Bank Corporation?

Wilmington Neighborhood Conservancy Land Bank Corporation's revenue in 2022 was $4,934,033.


Official website here: www.wilmingtonlandbank.org

Who are the executives of Wilmington Neighborhood Conservancy Land Bank Corporation and what are their salaries?

The average compensation at Wilmington Neighborhood Conservancy Land Bank Corporation during 2022 was $69,120. There are 4 employees and 18 volunteers at Wilmington Neighborhood Conservancy Land Bank Corporation.

Here are 16 key members and their salaries:

    Ray Saccomandi (Chief Operating Officer)
  • Compensation: $100,000
  • Related: $0
  • Other: $3,874

    • Richard J Gessner Jr (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Frank (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raheemah Jabbar-Bey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hal Schneikert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert L Weir (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernest Congo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher C Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Ogden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Cabrera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cassandra Marshall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vandell Hampton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Lucas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Fitzgerald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wilmingtonlandbank.org

    Where can I find the form 990 for Wilmington Neighborhood Conservancy Land Bank Corporation?

    The Wilmington Neighborhood Conservancy Land Bank Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wilmingtonlandbank.org

    Learn more at the official website: www.wilmingtonlandbank.org

    Mission Statement of Wilmington Neighborhood Conservancy Land Bank Corporation

    The Wilmington Neighborhood Conservancy Land Bank Corporation is committed to a mission that revolves around revitalizing neighborhoods and stimulating economic development. This mission is carried out by transforming vacant, dilapidated, abandoned, and delinquent properties into productive use. By doing so, the organization aims to strengthen these communities and contribute to their overall improvement.

    The corporation accomplishes its mission in a purposeful, transparent, and public-benefiting manner. It strives to improve the coordination of resources and efforts between governments, community organizations, and the private sector. This approach ensures that the transformation of these properties is not only economically efficient but also sustainable. Furthermore, the organization's initiatives reflect the goals and objectives outlined in the city's comprehensive development plan, ensuring that the revitalization efforts align with the broader vision for the community.

    Investment in existing neighborhoods is a key aspect of the Wilmington Neighborhood Conservancy Land Bank Corporation's mission. By returning these properties to productive use, the organization contributes to the overall vitality and growth of the communities in which they operate. This can lead to improved living conditions, increased property values, and an enhanced quality of life for local residents. Overall, the mission of the Wilmington Neighborhood Conservancy Land Bank Corporation is to revitalize neighborhoods and stimulate economic development through the thoughtful transformation of vacant properties.

    Impact

    This information is meant to be a general summary of Wilmington Neighborhood Conservancy Land Bank Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Wilmington Neighborhood Conservancy Land Bank Corporation plays a crucial role in revitalizing neighborhoods in Wilmington by returning vacant, dilapidated, abandoned, and delinquent properties to productive use. This effort strengthens the community, spurs economic development, and contributes to the overall improvement of the city. Their purposeful and transparent approach aligns with the city's comprehensive development plan, effectively coordinating resources and efforts across various sectors to make a sustainable impact on existing neighborhoods.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-276,488
  • Program Service Revenue: $0
  • Gross Receipts: $5,303,180

    • Assets and Liabilities:
  • Total Assets: $3,846,516
  • Total Liabilities: $1,868,705
  • Net Assets: $1,977,811
  • Organization Details

    Founding Year

    2016

    Principal Officer

    Ray Saccomandi

    Main Address

    404 N MARKET ST, WILMINGTON, DE, 19801

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Wilmington Neighborhood Conservancy Land Bank Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.