Civic Intelligence

Broome County Land Bank Corporation

EIN 90-1002318 • 501(c)3 • Binghamton, NY

Profile

The mission of the entity is to foster economic and community development by acquiring, holding, managing, developing and marketing distressed, vacant, abandoned and under-utilized properties.

60 Hawley Street 5th FloorBinghamton, NY 13901

www.broomelandbank.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.44x

Higher debt load relative to assets than 91% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

4.14x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Source year 2022

Net Margin

92nd percentile

86%

Higher net margin than 92% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE T30 • $1M-$5M nonprofits • Source year 2022

Asset Growth

84th percentile

97%

Faster asset growth than 84% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

121%

Faster revenue growth than 86% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,138,573

Up $1,054,400 (+97%) from 2021

Liabilities

Up

$951,460

Up $857,343 (+911%) from 2021

Net Assets

Up

$1,187,113

Up $197,057 (+20%) from 2021

Revenue

Up

$229,989

Up $125,988 (+121%) from 2021

Expenses

Up

$32,932

Up $23,370 (+244%) from 2021

Net Income

Up

$197,057

Up $102,618 (+109%) from 2021

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $17,435Liabilities 2014: $13,035Net Assets 2014: $4,4002014Assets 2015: $157,967Liabilities 2015: $38,747Net Assets 2015: $119,2202015Assets 2016: $331,218Liabilities 2016: $1,333Net Assets 2016: $329,8852016Assets 2017: $567,153Liabilities 2017: $227,615Net Assets 2017: $339,5382017Assets 2018: $639,469Liabilities 2018: $138,043Net Assets 2018: $501,4262018Assets 2019: $607,497Liabilities 2019: $9,579Net Assets 2019: $597,9182019Assets 2020: $964,758Liabilities 2020: $69,141Net Assets 2020: $895,6172020Assets 2021: $1,084,173Liabilities 2021: $94,117Net Assets 2021: $990,0562021Assets 2022: $2,138,573Liabilities 2022: $951,460Net Assets 2022: $1,187,1132022

Highlighted filing

2022

Assets$2,138,573
Liabilities$951,460
Net Assets$1,187,113

Operations Trend

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

$600K$400K$200K$0Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $92,925Expenses 2014: $88,525Net Income 2014: $4,4002014Revenue 2015: $233,890Expenses 2015: $119,070Net Income 2015: $114,8202015Revenue 2016: $436,808Expenses 2016: $226,143Net Income 2016: $210,6652016Revenue 2017: $388,579Expenses 2017: $303,251Net Income 2017: $85,3282017Revenue 2018: $429,793Expenses 2018: $267,905Net Income 2018: $161,8882018Revenue 2019: $203,076Expenses 2019: $106,584Net Income 2019: $96,4922019Revenue 2020: $342,923Expenses 2020: $45,224Net Income 2020: $297,6992020Revenue 2021: $104,001Expenses 2021: $9,562Net Income 2021: $94,4392021Revenue 2022: $229,989Expenses 2022: $32,932Net Income 2022: $197,0572022

Highlighted filing

2022

Revenue$229,989
Expenses$32,932
Net Income$197,057

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 18, 2022
Return Version
2021v4.2
Gross Receipts
$560,624
Mission and Program Overview

Mission

The mission of the entity is to foster economic and community development by acquiring, holding, managing, developing and marketing distressed, vacant, abandoned and under-utilized properties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$567,331$680,483▲ $113,152
Inventories for Sale or Use$393,487$400,690▲ $7,203
Accounts Receivable$3,940$3,000▼ $940
Total Assets$964,758$1,084,173▲ $119,415
Liabilities
Deferred Revenue$49,513$94,117▲ $44,604
Accounts Payable and Accrued Expenses$19,628--
Total Liabilities$69,141$94,117▲ $24,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$895,617$990,056▲ $94,439
Total Net Assets Fund Balance$895,617$990,056▲ $94,439
Total Liabilities and Net Assets / Fund Balance$964,758$1,084,173▲ $119,415
Compensation and Service Providers

Employees

NameTitleOtherTotal
Aaron MartinChairman$113,625$113,625
Christopher DziedzicSecretary$91,988$91,988
Michael DeckerBoard Member$88,883$88,883
Jessica HaasExecutive Director$81,433$81,433

Board Members and Trustees

NameTitle
Tom AugostiniVice Chairman
Christine MarchuskaBoard Member
Kyle DavisBoard Member
Sophia RescinitiBoard Member
Tarik AbdelazimBoard Member
Mike SopchakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$473,261
Program Service Revenue
$0
Investment Income
$-369,445
Other Revenue
$185
Change in Net Assets
$94,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$473,446
Revenue Not Reported on Financial Statements
$-369,445
Revenue Not Reported on Form 990
$81,433
Other Revenue Adjustments
$-369,445
Total Revenue per Audited Statements
$554,879
Total Revenue per Form 990
$104,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,562
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
Fees for Services Other$642$4,900-$5,542
Insurance-$1,242-$1,242
Advertising-$721-$721
Fees for Services Legal$711--$711
Office Expenses-$221-$221
Other Expenses-$125-$125
Total Functional Expenses$1,353$8,209$0$9,562

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$460,440
Expenses Not Reported on Form 990$450,878
Expenses per Audited Statements$9,562
Total Expenses per Form 990$9,562
Expenses Not Reported on Financial Statements$0
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
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
Yes
Other officer compensation reviewed
Yes
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 11B

A draft of the form 990 is distributed to the board for review and approval. Once it is approved, the 990 is filed.

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

The board and executive director monitor for possible conflicts, and are required to disclose any potential conflicts.

Form 990, Part VI, Section B, Line 15

The board of directors review compensation based on broome county policies.

Form 990, Part VI, Section C, Line 19

AVAILABLE ON WEBSITE

Filing and Contact Details

Filer

Filer Name
Broome County Land Bank Corporation
EIN
90-1002318
Phone
6077786001
Address
60 HAWLEY STREET 5TH FLOOR, BINGHAMTON, NY 13901

Signing Officer

Name
Jessica Haas
Title
Executive Director
Phone
6077786001
Signed
2022-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Haas
Formed
2013
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Audit: program service expenses 0. Management and general expenses 4,900. Fundraising expenses 0. Total expenses 4,900. Professional: program service expenses 642. Management and general expenses 0. Fundraising expenses 0. Total expenses 642.

FORM 990, PART XII, LINE 2C:

No changes in the audit or oversight process have taken place during the year.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The corporation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The corporation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the corporation has taken no uncertain tax positions that require adjustment in it financial statements. U.s. Forms 990 filed by the corporation are subject to examination by taxing authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on sale of property -369,445.

Raw XML AppendixShowing 400 of 429 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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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0185
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0104
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0289
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt02090470
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0473261
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0398422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0323629
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0537070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0358088
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02090470
IRS990ScheduleA/TotalSupportAmt02090759
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt081433
IRS990ScheduleD/DonatedServicesUseFcltsAmt081433
IRS990ScheduleD/ExpensesNotReportedAmt0450878
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09562
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LossesReportedAmt0369445
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-369445
IRS990ScheduleD/RevenueNotReportedAmt081433
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-369445
IRS990ScheduleD/RevenueSubtotalAmt0473446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN IT FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF PROPERTY -369,445.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt09562
IRS990ScheduleD/TotalRevenuePerForm990Amt0104001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0554879
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0460440
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL. ONCE IT IS APPROVED, THE 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND EXECUTIVE DIRECTOR MONITOR FOR POSSIBLE CONFLICTS, AND ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW COMPENSATION BASED ON BROOME COUNTY POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE ON WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AUDIT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,900. PROFESSIONAL: PROGRAM SERVICE EXPENSES 642. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 642.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES IN THE AUDIT OR OVERSIGHT PROCESS HAVE TAKEN PLACE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BROOME COUNTY NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0SECTION 115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COUNTY GOV'T
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 HAWLEY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BINGHAMTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd013901
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0964758
IRS990/TotalAssetsEOYAmt01084173
IRS990/TotalAssetsGrp/BOYAmt0964758
IRS990/TotalAssetsGrp/EOYAmt01084173
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0473261
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08209
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01353
IRS990/TotalFunctionalExpensesGrp/TotalAmt09562
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069141
IRS990/TotalLiabilitiesEOYAmt094117
IRS990/TotalLiabilitiesGrp/BOYAmt069141
IRS990/TotalLiabilitiesGrp/EOYAmt094117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0895617
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0990056
IRS990/TotalOtherCompensationAmt098162
IRS990/TotalProgramServiceExpensesAmt01353
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0185
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-369445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0104001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0964758
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01084173
IRS990/TotReportableCompRltdOrgAmt0277767
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt060 HAWLEY STREET 5TH FLOOR
IRS990/USAddress/CityNm0BINGHAMTON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013901
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.BROOMELANDBANK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z

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