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← LAND REUTILIZATION CORPORATION OF THE CAPITAL REGION

Form 990 for tax year 2024

Filed by LAND REUTILIZATION CORPORATION OF THE CAPITAL REGION.

Totals

Total revenue
$1,977,573
Total expenses
$2,098,156
Contributions and grants received
$1,762,187
Grants paid
$0
Program service revenue
$140,310
Investment income
$75,076
Other revenue
$0
Total assets, end of year
$2,130,306
Total liabilities, end of year
$152,541
Net assets or fund balances, end of year
$1,977,765
Program services expenses (Part IX)
$1,937,644
Management and general expenses
$160,512
Fundraising expenses
$0
Program service expenses (Part III)
$1,937,644

Program services were 92.3% 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)

    $1,762,187

  • 2a · Program service revenue: CHARGE FOR SERVICES

    total $94,560 · related or exempt $94,560

  • 2b · Program service revenue: PROPERTY SALES

    total $45,750 · related or exempt $45,750

  • 3 · Investment income

    total $75,076 · excluded $75,076

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $154,940 · program services $4,200 · management and general $150,740

  • 11b · Fees: legal

    total $11,111 · program services $11,111

  • 11g · Fees: other

    total $8,075 · management and general $8,075

  • 12 · Advertising and promotion

    total $2,727 · program services $2,727

  • 17 · Travel

    total $2,232 · program services $2,232

  • 19 · Conferences, conventions and meetings

    total $2,416 · program services $2,416

  • 23 · Insurance

    total $5,018 · program services $5,018

  • 24a · Other expenses: DEMOLITION AND RENOVATI

    total $1,835,337 · program services $1,835,337

  • 24b · Other expenses: PROJECT PRE-DEVELOPMENT

    total $67,353 · program services $67,353

  • 24c · Other expenses: PROPERTY MAINTENANCE

    total $7,250 · program services $7,250

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $1,697 · management and general $1,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,170,733 · end of year $1,732,330

  • 4 · Accounts receivable

    end of year $397,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,385 · end of year $147,409

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,132

  • 27 · Net assets without donor restrictions

    beginning of year $2,098,348 · end of year $1,977,765

Mission and programs · 2024

Mission

TO STRENGTHEN NEIGHBORHOODS BY MITIGATING BLIGHT THROUGH THE IMPROVEMENT OF EXISTING STRUCTURES AND BY RETURNING VACANT AND ABANDONED PROPERTY TO PRODUCTIVE USE.

  • IDENTIFY AND REMOVE ENVIRONMENTAL FACTORS THAT ARE CONSIDERED BLIGHTING INFLUENCES ON A NEIGHBORHOOD SUCH AS CONDEMNED, BURNED, AND OTHERWISE UNSALVAGABLE BUILDINGS, ABANDONED CARS, TRASH, AND DEBRIS. WORK WITH CROSS-REGIONAL AND LOCAL MUNICIPAL GOVERNMENTS TO ASSURE ENFORCEMENT OF PROPERTY MAINTENANCE STANDARDS AND THE DEVELOPMENT OF AFFORDABLE HOUSING AND COMMERCIAL ACTIVITY WHICH WILL FOSTER ENHANCED ECONOMIC DEVELOPMENT.

    Expenses $1,937,644 · Revenue $140,310

As filed on the 2024 return.

Listed in Part VII

  • Richard Ruzzo

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Dicaprio

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Berlant

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Richard Patierne

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexandria Carver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Rooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 March 2025
IRS schema version
2024v5.1
Source object
202510859349301111

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