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Nonprofiteer
← WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION

Form 990 for tax year 2022

Filed by WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION.

Totals

Total revenue
$4,934,033
Total expenses
$3,563,700
Contributions and grants received
$5,174,269
Grants paid
$50,801
Program service revenue
$0
Investment income
-$276,488
Other revenue
$36,252
Total assets, end of year
$3,846,516
Total liabilities, end of year
$1,868,705
Net assets or fund balances, end of year
$1,977,811
Program services expenses (Part IX)
$3,325,889
Management and general expenses
$154,907
Fundraising expenses
$82,904
Program service expenses (Part III)
$3,325,889

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,169,269

  • 1f · All other contributions, gifts and grants

    $5,000

  • 1g · Noncash contributions included above

    $52,000

  • 6a · Gross rents

    real property $36,252

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,252

  • 6d · Net rental income or loss

    total $36,252 · related or exempt $36,252

  • 7a · Gross sales of assets other than inventory

    other assets $92,659

  • 7b · Less cost or other basis and sales expenses

    other assets $369,147

  • 7c · Gain or loss

    other assets -$276,488

  • 7d · Net gain or loss

    total -$276,488 · related or exempt -$276,488

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,500 · program services $30,500

  • 2 · Grants to domestic individuals

    total $20,301 · program services $20,301

  • 5 · Compensation of officers, directors and key employees

    total $111,523 · program services $66,914 · management and general $33,457 · fundraising $11,152

  • 7 · Other salaries and wages

    total $164,958 · program services $67,775 · management and general $33,887 · fundraising $63,296

  • 9 · Other employee benefits

    total $29,386 · program services $17,631 · management and general $8,816 · fundraising $2,939

  • 10 · Payroll taxes

    total $12,619 · program services $5,184 · management and general $2,593 · fundraising $4,842

  • 11b · Fees: legal

    total $1,010 · management and general $1,010

  • 11c · Fees: accounting

    total $33,352 · management and general $33,352

  • 11g · Fees: other

    total $9,895 · management and general $9,895

  • 12 · Advertising and promotion

    total $1,240 · management and general $1,240

  • 13 · Office expenses

    total $19,681 · management and general $19,681

  • 14 · Information technology

    total $3,302 · program services $1,981 · management and general $991 · fundraising $330

  • 16 · Occupancy

    total $3,450 · program services $2,070 · management and general $1,035 · fundraising $345

  • 17 · Travel

    total $513 · management and general $513

  • 20 · Interest

    total $4,781 · management and general $4,781

  • 22 · Depreciation, depletion and amortization

    total $5,991 · program services $5,991

  • 23 · Insurance

    total $46,143 · program services $42,487 · management and general $3,656

  • 24a · Other expenses: SUBSIDY ALLOWANCE ON PR

    total $2,789,100 · program services $2,789,100

  • 24b · Other expenses: PROPERTY MAINTENANCE CO

    total $177,624 · program services $177,624

  • 24c · Other expenses: POLLUTION REMEDIATION E

    total $98,331 · program services $98,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451,432 · end of year $2,322,324

  • 3 · Pledges and grants receivable

    beginning of year $152,173 · end of year $132,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,688 · end of year $51,000

  • 10a · Land, buildings and equipment: cost or other basis

    $29,956

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,467

  • 10c · Land, buildings and equipment, net

    beginning of year $13,480 · end of year $7,489

  • 15 · Other assets

    beginning of year $526,456 · end of year $1,333,146

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,559 · end of year $95,768

  • 19 · Deferred revenue

    end of year $1,481,930

  • 23 · Secured mortgages and notes payable

    beginning of year $194,042 · end of year $160,435

  • 25 · Other liabilities

    beginning of year $157,150 · end of year $130,572

  • 27 · Net assets without donor restrictions

    beginning of year $583,080 · end of year $1,953,633

  • 28 · Net assets with donor restrictions

    beginning of year $24,398 · end of year $24,178

Mission and programs · 2022

Mission

THE MISSION OF THE WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK (WNCLB) IS TO RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.WE ACCOMPLISH OUR MISSION IN A WAY THAT: - IS PURPOSEFUL, TRANSPARENT, AND FOR THE PUBLIC GOOD; - IMPROVES THE COORDINATION OF RESOURCES AND EFFORTS WITHIN AND BETWEEN GOVERNMENTS, COMMUNITY ORGANIZATIONS, AND THE PRIVATE SECTOR; - IS BOTH ECONOMICALLY EFFICIENT AND SUSTAINABLE; - REFLECTS THE GOALS AND OBJECTIVES OF THE CITY'S COMPREHENSIVE DEVELOMPENT PLAN; AND - INVESTS IN EXISTING NEIGHBORHOODS.

Activities or mission (Part I)

THE MISSION OF THE WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK (WNCLB) IS TO RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.WE ACCOMPLISH OUR MISSION IN A WAY THAT: - IS PURPOSEFUL, TRANSPARENT, AND FOR THE PUBLIC GOOD; - IMPROVES THE COORDINATION OF RESOURCES AND EFFORTS WITHIN AND BETWEEN GOVERNMENTS, COMMUNITY ORGANIZATIONS, AND THE PRIVATE SECTOR; - IS BOTH ECONOMICALLY EFFICIENT AND SUSTAINABLE; - REFLECTS THE GOALS AND OBJECTIVES OF THE CITY'S COMPREHENSIVE DEVELOPMENT PLAN; AND - INVESTS IN EXISTING NEIGHBORHOODS.

  • RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.

    Expenses $3,325,889 · Grants $50,801 · Revenue -$240,236

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard J Gessner Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Susan Frank

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Raheemah Jabbar-Bey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hal Schneikert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert L Weir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ernest Congo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher C Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Ogden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Cabrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cassandra Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vandell Hampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Timothy Lucas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ray Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ray Saccomandi

    CHIEF OPERATING OFFICER

    Total calculated
    $103,874
    From this org
    $100,000
    From related orgs
    $0
    Other
    $3,874
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • WOODLAWN TRUSTEES INC

    $0

    REPAIR ASSISTANCE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CITY OF WILMINGTON DELAWARE

    GOVERNMENT ENTITY · PRIMARY LOCAL GOVERNMENT · DE

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313179349302106

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