Civic Intelligence

Preble County Land Reutilization Co

EIN 88-4085419 • 501(c)3 • Eaton, OH

Profile

The Preble County Land Reutilization Corporation exists to: relcaim, rehabilitate, and reutilize vacant, abandoned, tax foreclosed, and other real property.

101 E Main StEaton, OH 45320

www.prebco.org/292/land-bank

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

80th percentile

26%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$702,741

Up $146,743 (+26%) from 2023

Liabilities

Up

$5,921

Up $5,921 from 2023

Net Assets

Up

$696,820

Up $140,822 (+25%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin87th percentile

Revenue

Down

$292,382

Down $290,772 (-50%) from 2023

Expenses

Up

$169,711

Up $142,555 (+525%) from 2023

Net Income

Down

$122,671

Down $433,327 (-78%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

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

$800K$600K$400K$200K$0Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $555,998Liabilities 2023: $0Net Assets 2023: $555,9982023Assets 2024: $702,741Liabilities 2024: $5,921Net Assets 2024: $696,8202024

Highlighted filing

2024

Assets$702,741
Liabilities$5,921
Net Assets$696,820
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

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

$600K$400K$200K$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $583,154Expenses 2023: $27,156Net Income 2023: $555,9982023Revenue 2024: $292,382Expenses 2024: $169,711Net Income 2024: $122,6712024

Highlighted filing

2024

Revenue$292,382
Expenses$169,711
Net Income$122,671
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$702,741
Liabilities
$5,921
Net assets
$696,820
Revenue
$292,382
Expenses
$169,711
Net income
$122,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.03$0.06$6.97$2.92$1.70$1.23
2023Detailed filing. Detailed filing data is available for this year.$5.56$0.00$5.56$5.83$0.27$5.56
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$292,382
Mission and Program Overview

Mission

The Preble County Land Reutilization Corporation exists to: relcaim, rehabilitate, and reutilize vacant, abandoned, tax foreclosed, and other real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$519,972$527,448▲ $7,476
Inventories for Sale or Use$40,030$146,480▲ $106,450
Accounts Receivable-$28,813-
Total Assets$560,002$702,741▲ $142,739
Liabilities
Accounts Payable and Accrued Expenses$12,695$5,921▼ $6,774
Total Liabilities$12,695$5,921▼ $6,774
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$547,307$696,820▲ $149,513
Total Net Assets Fund Balance$547,307$696,820▲ $149,513
Total Liabilities and Net Assets / Fund Balance$560,002$702,741▲ $142,739
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Austin ColeChairman
Brad CollinsVice Chairman
Adam CraftMember
David HaberMember
Justin SommerMember
Rachael VonderhaarMember
Sarah FarnoNon voting corporate secretary
Shannon ChappelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,382
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$253,132
Change in Net Assets
$122,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$80,257--$80,257
Office Expenses$25,371--$25,371
Total Functional Expenses$169,711$0$0$169,711
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Member election for additional members Part VI line 7A

“Per OH revised code, the Preble County Commission appoints the initial board of directors per statute, then the land bank manages the board make up after the initial set up.”

Form 990 governing body review Part VI line 11

“The board reviews the 990 prior to authorizing its filing.”

Conflict of interest policy compliance Part VI line 12C

“The board reviews the conflict of interest policy annually and is required to disclose any conflicts.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Preble County Land Reutilization Co
EIN
88-4085419
In Care Of
% Rachael Vonderhaar
Phone
9374568101
Address
101 E Main St, Eaton, OH 45320

Signing Officer

Name
Rachael Vonderhaar
Title
Member
Phone
9374568101
Signed
2025-11-03
Discuss with paid preparer
No

Organization Details

Formed
2018
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Millhuff Stang CPA Inc
Address
8841 Ohio River Road, Wheelersburg, OH 45694
Preparer
Natalie Millhuff-stang
Phone
7408768548
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