Civic Intelligence

Rochester Land Bank Corporation

EIN 46-3600343 • 501(c)3 • Rochester, NY

Profile

The rochester land bank corporation purpose is to stimulate economic and community development through the acquisition and disposal of properties that have been deemed vacant, abandoned, tax delinquent, or in tax foreclosure. As a result, promoting neighborhood and community revitalization and eliminating the harms and liabilities caused by such properties.

30 Church Street No 125BRochester, NY 14614

www.cityofrochester.gov/LANDBANK

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.38x

Higher debt load relative to assets than 70% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.59x

Higher debt load relative to revenue than 85% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$188,396

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 36.0% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

86%

Faster asset growth than 92% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

48%

Faster revenue growth than 79% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,224,025

Up $1,027,773 (+86%) from 2023

Liabilities

Up

$834,741

Up $779,077 (+1400%) from 2023

Net Assets

Up

$1,389,284

Up $248,696 (+22%) from 2023

Revenue

Up

$523,454

Up $170,274 (+48%) from 2023

Expenses

Down

$274,758

Down $496,033 (-64%) from 2023

Net Income

Up

$248,696

Up $666,307 (+160%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $981,364Liabilities 2014: $420,500Net Assets 2014: $560,8642014Assets 2015: $614,809Liabilities 2015: $112,167Net Assets 2015: $502,6422015Assets 2016: $1,411,407Liabilities 2016: $301,785Net Assets 2016: $1,109,6222016Assets 2017: $517,441Liabilities 2017: $109,542Net Assets 2017: $407,8992017Assets 2018: $1,024,960Liabilities 2018: $132,368Net Assets 2018: $892,5922018Assets 2019: $1,528,716Liabilities 2019: $143,573Net Assets 2019: $1,385,1432019Assets 2020: $1,245,854Liabilities 2020: $30,657Net Assets 2020: $1,215,1972020Assets 2021: $1,320,676Liabilities 2021: $246,718Net Assets 2021: $1,073,9582021Assets 2022: $1,564,321Liabilities 2022: $6,122Net Assets 2022: $1,558,1992022Assets 2023: $1,196,252Liabilities 2023: $55,664Net Assets 2023: $1,140,5882023Assets 2024: $2,224,025Liabilities 2024: $834,741Net Assets 2024: $1,389,2842024

Highlighted filing

2024

Assets$2,224,025
Liabilities$834,741
Net Assets$1,389,284

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,251,364Expenses 2014: $690,500Net Income 2014: $560,8642014Revenue 2015: $840,905Expenses 2015: $899,127Net Income 2015: -$58,2222015Revenue 2016: $1,788,450Expenses 2016: $1,181,470Net Income 2016: $606,9802016Revenue 2017: $740,582Expenses 2017: $1,442,305Net Income 2017: -$701,7232017Revenue 2018: $942,195Expenses 2018: $457,502Net Income 2018: $484,6932018Revenue 2019: $1,648,427Expenses 2019: $1,155,876Net Income 2019: $492,5512019Revenue 2020: $669,310Expenses 2020: $839,256Net Income 2020: -$169,9462020Revenue 2021: $973,439Expenses 2021: $1,078,049Net Income 2021: -$104,6102021Revenue 2022: $853,798Expenses 2022: $369,557Net Income 2022: $484,2412022Revenue 2023: $353,180Expenses 2023: $770,791Net Income 2023: -$417,6112023Revenue 2024: $523,454Expenses 2024: $274,758Net Income 2024: $248,6962024

Highlighted filing

2024

Revenue$523,454
Expenses$274,758
Net Income$248,696

Filings

Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$885,215
Mission and Program Overview

Mission

The rochester land bank corporation purpose is to stimulate economic and community development through the acquisition and disposal of properties that have been deemed vacant, abandoned, tax delinquent, or in tax foreclosure. As a result, promoting neighborhood and community revitalization and eliminating the harms and liabilities caused by such properties.

To acquire, develop, and return vacant, tax-delinquent, or undesirable land and building into productive use that promotes the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$659,854$0▼ $659,854
Cash and Non-Interest-Bearing Accounts$321,492$614,809▲ $293,317
Accounts Receivable$18$0▼ $18
Total Assets$981,364$614,809▼ $366,555
Liabilities
Grants Payable$0$68,588▲ $68,588
Accounts Payable and Accrued Expenses$420,500$43,579▼ $376,921
Total Liabilities$420,500$112,167▼ $308,333
Net Assets / Fund Balance
Unrestricted Net Assets$560,864$502,642▼ $58,222
Total Net Assets Fund Balance$560,864$502,642▼ $58,222
Total Liabilities and Net Assets / Fund Balance$981,364$614,809▼ $366,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Andrea GuzzettaDirector-$126,539$126,539
Kate WashingtonVice-chair-$111,349$111,349
Gary KirkmireDirector-$109,238$109,238
Kim JonesTreasurer-$109,238$109,238
Katherine SheetsExecutive DirectorPT$96,821$96,821
Carol WheelerChair-$96,821$96,821

Board Members and Trustees

NameTitle
Dana MillerDirector
George ParkerSecratary
Revenue and Support

Revenue Composition

Contributions and Grants
$735,823
Program Service Revenue
$0
Investment Income
$105,082
Other Revenue
$0
Change in Net Assets
$-58,222

Audited Revenue Reconciliation

Revenue per Audited Statements
$840,905
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$44,310
Total Revenue per Audited Statements
$885,215
Total Revenue per Form 990
$840,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$600,810
Salaries, Compensation, and Employee Benefits$283,539
Other Expenses$14,778
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$600,810--$600,810
Current Officers, Directors, Trustees, and Key Employees-$283,539-$283,539
Other Expenses-$14,778-$14,778
Total Functional Expenses$600,810$298,317$0$899,127

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$943,437
Expenses per Audited Statements$899,127
Total Expenses per Form 990$899,127
Expenses Not Reported on Form 990$44,310
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rochester Housing Development Fund CorporationRochester, NY501(c)(3)Housing in Rochester, Ny for Rehabilitation$600,810
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Each member of the board is given a copy of the 990 prior to filing, for review.

Form 990, Part VI, Section B, Line 12C

All board members, officers, and all employees in policy-making positions of the rochester land bank corporation need to file an annual financial disclosure statements with the city of rochester board of ethics.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available on the organization's website and also available to the public upon request.

Part VI, Line 9

George parker, attorney at law, secretary, can be reached at 34 s. Goodman street #401, rochester, ny 14607.

Filing and Contact Details

Filer

Filer Name
Rochester Land Bank Corporation
EIN
46-3600343
Phone
5854287449
Address
30 CHURCH STREET NO 125B, ROCHESTER, NY 14614

Signing Officer

Name
Katherine Sheets
Title
Executive Director
Phone
5854287449
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Sheets
Formed
2013
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Freed Maxick Cpas Pc
Address
ONE EVANS STREET, BATAVIA, NY 14020-3110
Preparer
Timothy P Moag
Phone
5853441967
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

Neither the oversight or the selection process for the audit has changed compared to the past year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ACQUISITION COST

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ACQUISITION COST

Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/RecipientEIN0161607165
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0183 EAST MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd014604
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OF THE BOARD IS GIVEN A COPY OF THE 990 PRIOR TO FILING, FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS, OFFICERS, AND ALL EMPLOYEES IN POLICY-MAKING POSITIONS OF THE ROCHESTER LAND BANK CORPORATION NEED TO FILE AN ANNUAL FINANCIAL DISCLOSURE STATEMENTS WITH THE CITY OF ROCHESTER BOARD OF ETHICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND ALSO AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GEORGE PARKER, ATTORNEY AT LAW, SECRETARY, CAN BE REACHED AT 34 S. GOODMAN STREET #401, ROCHESTER, NY 14607.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEITHER THE OVERSIGHT OR THE SELECTION PROCESS FOR THE AUDIT HAS CHANGED COMPARED TO THE PAST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF ROCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223160973
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROFESSIONAL MANAGEMENT, ACCOUNTING, LEGAL AND MAINTENANCE SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0C/O THE ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014604
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0981364
IRS990/TotalAssetsEOYAmt0614809
IRS990/TotalAssetsGrp/BOYAmt0981364
IRS990/TotalAssetsGrp/EOYAmt0614809
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0735823
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0298317
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0600810
IRS990/TotalFunctionalExpensesGrp/TotalAmt0899127
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0420500
IRS990/TotalLiabilitiesEOYAmt0112167
IRS990/TotalLiabilitiesGrp/BOYAmt0420500
IRS990/TotalLiabilitiesGrp/EOYAmt0112167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0560864
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0502642
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0600810
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0105082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0840905
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0981364
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0614809
IRS990/TotReportableCompRltdOrgAmt0650006
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0560864
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0502642
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030 CHURCH STREET NO 125B
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014614
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CITYOFROCHESTER.GOV/LANDBANK
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHERINE SHEETS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05854287449
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCHESTER LAND BANK CORPORATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O KATHERINE SHEETS
ReturnHeader/Filer/BusinessNameControlTxt0ROCH
ReturnHeader/Filer/EIN0463600343
ReturnHeader/Filer/PhoneNum05854287449
ReturnHeader/Filer/USAddress/AddressLine1Txt030 CHURCH STREET NO 125B
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014614
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454051133
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FREED MAXICK CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE EVANS STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATAVIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0140203110
ReturnHeader/PreparerPersonGrp/PhoneNum05853441967
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY P MOAG
ReturnHeader/ReturnTs02015-11-10T13:02:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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