Niagara-Orleans Regional Land Improvement Corporation

Norlic

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

EIN: 823643027 ✦ Sanborn, NY ✦ Designated as a 501(c)(3)

Overview

What is Niagara-Orleans Regional Land Improvement Corporation?

The Niagara-Orleans Regional Land Improvement Corporation (NORLIC), headquartered in Sanborn, New York, is a municipal collaboration committed to revitalizing their community. With a focus on acquiring vacant and abandoned properties, NORLIC transforms these neglected spaces into productive assets, ultimately benefiting future generations. This nonprofit organization was established by five local governing bodies: the County of Niagara, the County of Orleans, the City of Lockport, the City of Niagara Falls, and the City of North Tonawanda. The corporation's board is appointed by these founding entities. When properties come under government foreclosure, they are made available to NORLIC. Once renovated and sold, the profit is shared among the creating governments based on a predetermined formula.


Is Niagara-Orleans Regional Land Improvement Corporation legitimate?

Niagara-Orleans Regional Land Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niagara-Orleans Regional Land Improvement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,008

For more financial information, click here


What is the mission statement of Niagara-Orleans Regional Land Improvement Corporation?
Who is the CEO of Niagara-Orleans Regional Land Improvement Corporation?
What is the revenue of Niagara-Orleans Regional Land Improvement Corporation?
Who are the executives of Niagara-Orleans Regional Land Improvement Corporation and what are their salaries?
Where can I find the form 990 for Niagara-Orleans Regional Land Improvement Corporation?

Mission Statement of Niagara-Orleans Regional Land Improvement Corporation

Niagara-Orleans Regional Land Improvement Corporation, often referred to as NORLIC, is a municipal partnership established by five governmental units: the County of Niagara, the County of Orleans, the City of Lockport, the City of Niagara Falls, and the City of North Tonawanda. The corporation's mission is to improve its community by acquiring and restoring abandoned properties, transforming them into productive assets. This endeavor aims to create a better living environment for future generations.

The board of NORLC is appointed by the five creating governmental units, and the corporation gains access to foreclosed properties from these governments. The corporation then renovates and sells these properties, with the future profits being shared among the governments based on a predetermined formula. This profit-sharing arrangement incentivizes the corporation to maximize its revenue from the sale of these properties, thereby contributing to the community's overall development. In essence, NORLC serves as a catalyst for community revitalization by addressing the issue of abandoned properties and turning them into valuable resources.

Impact

This information is meant to be a general summary of Niagara-Orleans Regional Land Improvement Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Niagara-Orleans Regional Land Improvement Corporation's impact is centered around acquiring vacant and abandoned properties in collaboration with communities. By returning these properties to productive use, NORLIC is effectively enhancing the local community for future generations. The corporation's efforts focus on acquisition, stabilization, and eventual sale of these properties for redevelopment, ultimately contributing to community improvement.





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: $0
  • Program Service Revenue: $0
  • Gross Receipts: $1,031,429

    • Assets and Liabilities:
  • Total Assets: $1,021,237
  • Total Liabilities: $0
  • Net Assets: $1,021,237
  • Organization Details

    Founding Year

    2017

    Principal Officer

    Andrea Klyczek

    Main Address

    6311 INDUCON CORPORATE DRIVE, SANBORN, NY, 14132

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Niagara-Orleans Regional Land Improvement 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.