Totals
- Total revenue
- $68,316
- Total expenses
- $67,136
- Contributions and grants received
- $171,100
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,127
- Other revenue
- -$105,911
- Total assets, end of year
- $2,398,269
- Total liabilities, end of year
- $928,278
- Net assets or fund balances, end of year
- $1,469,991
- Program services expenses (Part IX)
- $53,946
- Management and general expenses
- $13,190
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $53,946
Program services were 80.4% 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.
-
1f · All other contributions, gifts and grants
$171,100
-
1g · Noncash contributions included above
$171,100
-
3 · Investment income
total $3,127 · excluded $3,127
-
10a · Gross sales of inventory
$93,474
-
10b · Cost of goods sold
$199,385
-
10c · Net income from sales of inventory
total -$105,911 · related or exempt -$105,911
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $6,190 · management and general $6,190
-
11g · Fees: other
total $7,450 · program services $450 · management and general $7,000
-
20 · Interest
total $49,403 · program services $49,403
-
24a · Other expenses: TAXES & FEES
total $4,093 · program services $4,093
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,140 · end of year $117,029
-
2 · Savings and temporary cash investments
beginning of year $91,473 · end of year $91,656
-
3 · Pledges and grants receivable
beginning of year $500,000 · end of year $500,000
-
8 · Inventories for sale or use
beginning of year $1,621,946 · end of year $1,619,111
-
9 · Prepaid expenses and deferred charges
beginning of year $2,800 · end of year $2,800
-
12 · Investments: other securities
beginning of year $264,730 · end of year $67,673
-
19 · Deferred revenue
beginning of year $500,000 · end of year $500,000
-
23 · Secured mortgages and notes payable
beginning of year $628,278 · end of year $428,278
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,468,811 · end of year $1,469,991
Mission and programs · 2023
Mission
OAK RIDGE LAND BANK WILL STIMULATE PLANNING, ECONOMIC DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION BY ACQUIRING, MANAGING AND DISPOSING OF VACANT, ABANDONED, TAX-DELINQUENT AND UNDER-UTILIZED PROPERTIES BY RETURNING THEM TO PRODUCTIVE USE.
Activities or mission (Part I)
TO ACQUIRE, DEVELOP AND RETURN VACANT OR UNDESIRABLE LAND TO PRODUCTIVE USE
-
EVALUATING, RECLAIMING AND DEVELOPING UNUSED, VACANT, TAX-DELINQUENT, OR UNDESIRABLE LAND FOR POTENTIAL HOUSING OPPORTUNITIES OR RETURNING THEM TO PRODUCTIVE PUBLIC USE PROPERTIES.
Expenses $53,946
As filed on the 2023 return.
Listed in Part VII
-
Tamara GunterTAMARA GUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy R JohnsonCINDY R JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristin RobertucciKRISTIN ROBERTUCCI
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Melinda HillmanMELINDA HILLMAN
SEC/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Warren L GoochWARREN L GOOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dwain K NeeleyDWAIN K NEELEY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Naomi AsherNAOMI ASHER
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
- 2023
- Filed
- 9 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422579349300907
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