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← CUYAHOGA LAND BANK CHARITIES

Form 990 for tax year 2024

Filed by CUYAHOGA LAND BANK CHARITIES.

Totals

Total revenue
$1,592,680
Total expenses
$1,286,779
Contributions and grants received
$1,524,350
Grants paid
$1,252,591
Program service revenue
$0
Investment income
$68,330
Other revenue
$0
Total assets, end of year
$1,685,185
Total liabilities, end of year
$42,019
Net assets or fund balances, end of year
$1,643,166
Program services expenses (Part IX)
$1,276,329
Management and general expenses
$10,450
Fundraising expenses
$0
Program service expenses (Part III)
$1,276,329

Program services were 99.2% 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)

    $683,850

  • 1f · All other contributions, gifts and grants

    $840,500

  • 3 · Investment income

    total $68,330 · excluded $68,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,222,591 · program services $1,222,591

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 11c · Fees: accounting

    total $1,450 · management and general $1,450

  • 11f · Fees: investment management

    total $9,000 · management and general $9,000

  • 11g · Fees: other

    total $15,935 · program services $15,935

  • 13 · Office expenses

    total $1,848 · program services $1,848

  • 17 · Travel

    total $263 · program services $263

  • 19 · Conferences, conventions and meetings

    total $5,692 · program services $5,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,700 · end of year $194,088

  • 4 · Accounts receivable

    end of year $4,500

  • 7 · Other notes and loans receivable

    beginning of year $25,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,144,104 · end of year $1,486,597

  • 17 · Accounts payable and accrued expenses

    end of year $42,019

  • 27 · Net assets without donor restrictions

    beginning of year $1,291,804 · end of year $1,643,166

Mission and programs · 2024

Mission

CUYAHOGA LAND BANK CHARITIES, A 501(C)(3) NONPROFIT SUBSIDIARY OF CUYAHOGA LAND BANK, WORKS IN PARTNERSHIP WITH MUNICIPALITIES, NONPROFITS AND FAITH-BASED ORGANIZATIONS TO HELP PROVIDE HOUSING OPPORTUNITIES TO VULNERABLE POPULATIONS. THIS WORK ULTIMATELY SUPPORTS THE LAND BANK'S MISSION TO RETURN VACANT AND ABANDONED PROPERTIES TO PRODUCTIVE USE, WHILE MEETING A CRITICAL NEED FOR HOUSING IN THE COMMUNITY.THESE EFFORTS, THAT RESULT THROUGH COLLABORATION WITH A VARIETY OF IMPACTFUL ORGANIZATIONS, FOCUS ON PROMOTING: AFFORDABLE HOUSING; ECONOMIC STABILITY WITH EQUITABLE WEALTH BUILDING; FAMILY STABILITY THROUGH HOME OWNERSHIP; AND EDUCATION.

  • CUYAHOGA LAND BANK CHARITIES, A 501(C)(3) NONPROFIT SUBSIDIARY OF CUYAHOGA LAND BANK, WORKS IN PARTNERSHIP WITH MUNICIPALITIES, NONPROFITS AND FAITH-BASED ORGANIZATIONS TO HELP PROVIDE HOUSING OPPORTUNITIES TO VULNERABLE POPULATIONS. THIS WORK ULTIMATELY SUPPORTS THE LAND BANK'S MISSION TO RETURN VACANT AND ABANDONED PROPERTIES TO PRODUCTIVE USE, WHILE MEETING A CRITICAL NEED FOR HOUSING IN THE COMMUNITY.THESE EFFORTS, THAT RESULT THROUGH COLLABORATION WITH A VARIETY OF IMPACTFUL ORGANIZATIONS, FOCUS ON PROMOTING: AFFORDABLE HOUSING; ECONOMIC STABILITY WITH EQUITABLE WEALTH BUILDING; FAMILY STABILITY THROUGH HOME OWNERSHIP; AND EDUCATION.

    Expenses $1,276,329 · Grants $1,252,591

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gus Frangos

    FORMER BOARD CHAIR (8/31/24)

    Total calculated
    $200,377
    From this org
    $0
    From related orgs
    $200,377
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $200,377 related

  • Ricardo Leon

    CHAIR (9/1/24-PRESENT), VICE CHAIR (1/1-8/31/24)

    Total calculated
    $219,037
    From this org
    $0
    From related orgs
    $219,037
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,037 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $219,037 related

  • Douglas Sawyer

    SECRETARY

    Total calculated
    $170,278
    From this org
    $0
    From related orgs
    $170,278
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,278 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $170,278 related

  • Ronald Pavlovich

    TREASURER

    Total calculated
    $177,517
    From this org
    $0
    From related orgs
    $177,517
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,517 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,517 related

  • Dennis Roberts

    TRUSTEE

    Total calculated
    $220,293
    From this org
    $0
    From related orgs
    $220,293
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $220,293 related

  • Michael Schramm

    TRUSTEE

    Total calculated
    $139,047
    From this org
    $0
    From related orgs
    $139,047
    Other
    $0
    Hours/week
    1 + 39 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CUYAHOGA COUNTY LAND REUTILIZATION CORPORATION

    GOVERNMENT AGENCY · OH

  • REALTY REIMAGINED

    501(C)(3) · SUPPORTING EQUAL HOUSING OPPORTUNITIES · OH

    Directly controlled by CUYAHOGA COUNTY LAND REUTILIZATION CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202640589349300209

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