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← LANDMARKS COMMUNITY CAPITAL CORPORATION

Form 990 for tax year 2023

Filed by LANDMARKS COMMUNITY CAPITAL CORPORATION.

Totals

Total revenue
$1,331,693
Total expenses
$645,468
Contributions and grants received
$917,305
Grants paid
$0
Program service revenue
$408,116
Investment income
$6,272
Other revenue
$0
Total assets, end of year
$8,769,588
Total liabilities, end of year
$743,346
Net assets or fund balances, end of year
$8,026,242
Program services expenses (Part IX)
$562,069
Management and general expenses
$70,494
Fundraising expenses
$12,905
Program service expenses (Part III)
$562,069

Program services were 87.1% 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.

  • 1d · Related organizations

    $855,000

  • 1e · Government grants (contributions)

    $62,305

  • 2a · Program service revenue: PRESERV. LOAN INTEREST

    total $384,286 · related or exempt $384,286

  • 2b · Program service revenue: PRESERV. LOAN FEES

    total $23,830 · related or exempt $23,830

  • 3 · Investment income

    total $6,848 · excluded $6,848

  • 7a · Gross sales of assets other than inventory

    securities $10,402

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

    securities $10,978

  • 7c · Gain or loss

    securities -$576

  • 7d · Net gain or loss

    total -$576 · excluded -$576

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $136,011 · program services $124,780 · management and general $3,519 · fundraising $7,712

  • 7 · Other salaries and wages

    total $189,633 · program services $173,503 · management and general $15,689 · fundraising $441

  • 8 · Pension plan contributions

    total $14,997 · program services $13,718 · management and general $888 · fundraising $391

  • 9 · Other employee benefits

    total $47,329 · program services $43,360 · management and general $2,731 · fundraising $1,238

  • 10 · Payroll taxes

    total $21,558 · program services $19,684 · management and general $1,340 · fundraising $534

  • 11g · Fees: other

    total $25,342 · program services $10,256 · management and general $14,333 · fundraising $753

  • 13 · Office expenses

    total $10,297 · program services $2,986 · management and general $6,735 · fundraising $576

  • 16 · Occupancy

    total $40,733 · program services $37,257 · management and general $2,413 · fundraising $1,063

  • 19 · Conferences, conventions and meetings

    total $425 · program services $417 · management and general $8

  • 20 · Interest

    total $10,000 · program services $10,000

  • 22 · Depreciation, depletion and amortization

    total $891 · program services $711 · management and general $180

  • 23 · Insurance

    total $24,453 · program services $3,311 · management and general $21,071 · fundraising $71

  • 24a · Other expenses: PROVISION FOR CREDIT LO

    total $113,993 · program services $113,993

  • 24b · Other expenses: SUBSCRIPTIONS

    total $7,758 · program services $6,593 · management and general $1,039 · fundraising $126

  • 24c · Other expenses: MEMBERSHIPS

    total $1,500 · program services $1,500

  • 24d · Other expenses: BANKING FEES AND TAXES

    total $548 · management and general $548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,739 · end of year $612,290

  • 7 · Other notes and loans receivable

    beginning of year $7,475,030 · end of year $8,136,552

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,606 · end of year $17,238

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

    $85,601

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

    $83,796

  • 10c · Land, buildings and equipment, net

    beginning of year $2,696 · end of year $1,805

  • 11 · Investments: publicly traded securities

    beginning of year $10,505

  • 15 · Other assets

    beginning of year $1,320 · end of year $1,703

  • 19 · Deferred revenue

    beginning of year $8,201 · end of year $598,718

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 25 · Other liabilities

    beginning of year $61,678 · end of year $144,628

  • 27 · Net assets without donor restrictions

    beginning of year $7,086,937 · end of year $7,773,162

  • 28 · Net assets with donor restrictions

    beginning of year $253,080 · end of year $253,080

Mission and programs · 2023

Mission

LCCC SUPPORTS THE REVITALIZATION AND REDEVELOPMENT OF HISTORIC COMMUNITIES THROUGH LENDING, PROVIDING EQUITY INVESTMENTS, AND OTHER PROGRAMS AIMED AT AMELIORATING COMMUNITY DETERIORATION AND BLIGHT.

Activities or mission (Part I)

THE LANDMARKS COMMUNITY CAPITAL CORPORATION (LCCC) SUPPORTS THE REVITALIZATION AND REDEVELOPMENT OF HISTORIC COMMUNITIES THROUGH LENDING, PROVIDING EQUITY INVESTMENTS, AND OTHER PROGRAMS AIMED AT AMELIORATING COMMUNITY DETERIORATION AND BLIGHT.

  • THROUGH ITS PRESERVATION LOAN FUND, LCCC MAKES LOANS TO NONPROFIT OR FOR PROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES, FOR THE PURPOSES OF PRESERVING, REHABILITATING, ACQUIRING AND DEVELOPING BUILDINGS AND SITES THAT ARE OF HISTORICAL, ARCHITECTURAL, AND/OR CULTURAL SIGNIFICANCE, IN AN EFFORT TO REVITALIZE BLIGHTED AND DETERIORATING COMMUNITIES. TREASURY REGULATION 501(C)(3)-1 (D)(2) PROVIDES THAT THE TERM CHARITABLE INCLUDES PROMOTION OF SOCIAL WELFARE BY ORGANIZATIONS DESIGNED TO COMBAT COMMUNITY DETERIORATION.

    Expenses $366,987 · Revenue $261,550

  • THROUGH ITS GENERAL PROJECTS, LCCC INITIATES AND EXPANDS COMMUNITY REVITALIZATION BY PROVIDING CREATIVE FINANCING AND TECHNICAL ASSISTANCE TO HISTORIC, LOW-TO-MODERATE-INCOME NEIGHBORHOODS AND URBAN CENTERS THROUGHOUT WESTERN PENNSYLVANIA, EASTERN OHIO, AND WEST VIRGINIA.

    Expenses $195,082 · Revenue $146,566

As filed on the 2023 return.

Listed in Part VII

  • JENNIFER CASH WADE

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JOE DIMENNO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • DIANNE SWAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • KASEY CONNORS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT L BROWN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BENDEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DEBORAH BLACKWELL-BATTLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOSIE BRYANT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ELISA J CAVALIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GRIFFIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • TAYLOR HARDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • THOMAS W MCCARGO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MORTON D STANFIELD JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • DAVID J VATER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DORIS CARSON WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • ARTHUR P ZIEGLER JR

    CO-FOUNDER

    Total calculated
    $353,099
    From this org
    $0
    From related orgs
    $325,031
    Other
    $28,068
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,031 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,078 related
    Nontaxable benefits
    $0 + $12,990 related
    Filer's total
    $0 + $353,099 related

  • MICHAEL SRIPRASERT

    PRESIDENT

    Total calculated
    $317,942
    From this org
    $0
    From related orgs
    $296,700
    Other
    $21,242
    Hours/week
    5.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,200 related
    Bonus
    $0 + $8,500 related
    Other
    $0
    Deferred
    $0 + $13,890 related
    Nontaxable benefits
    $0 + $7,352 related
    Filer's total
    $0 + $317,942 related

  • ANDREW MARKS

    CONTROLLER

    Total calculated
    $129,222
    From this org
    $0
    From related orgs
    $101,026
    Other
    $28,196
    Hours/week
    7.5 + 32.5 related

  • DON KORTLANDT

    GENERAL COUNSEL

    Total calculated
    $249,286
    From this org
    $0
    From related orgs
    $212,477
    Other
    $36,809
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,477 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,245 related
    Nontaxable benefits
    $0 + $26,564 related
    Filer's total
    $0 + $249,286 related

  • ROBERT WAGNER

    SENIOR LOAN OFFICER

    Total calculated
    $174,519
    From this org
    $0
    From related orgs
    $143,244
    Other
    $31,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,744 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $5,678 related
    Nontaxable benefits
    $0 + $25,597 related
    Filer's total
    $0 + $174,519 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
19 August 2024
IRS schema version
2023v5.1
Source object
202412329349301036

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