LAND BANK TWIN CITIES INC

Address
615 FIRST AVENUE NE NO 410
MINNEAPOLIS, MN 55413
Contact
Website: http://www.landbanktwincities.org
Phone: +1 (612) 238-8210
Nonprofit
EIN: 61-1756962
Year formed: 2015

Mission

LAND BANK TWIN CITIES, INC. CAPTURES STRATEGIC REAL ESTATE OPPORTUNITIES TO BENEFIT PEOPLE WITH LOW TO MODERATE INCOMES, PRIORITIZING PEOPLE OF COLOR AND POPULATIONS FACING BARRIERS.
 2016
Basic features of the organization
Year of formation2015
Subsection code03
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00
Number of employees7
Number of people compensated >$100k0
Number of volunteers18
Number of highly compensated contractors0
Personnel
Abariotes, Andriana
TitleMEMBER
Name of key/compensated personANDRIANA ABARIOTES
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Brennan, Andrea
TitleMEMBER
Name of key/compensated personANDREA BRENNAN
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Carter, Toni
TitleMEMBER
Name of key/compensated personTONI CARTER
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Dolphin, John
TitleCHIEF FINANCIAL OFFICER
Name of key/compensated personJOHN DOLPHIN
Position of compensated person
Average hours per week working for org0.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$34,471.00
Corresponding comp from related orgs
Reportable compensation from related orgs $135,736.00
Average hours per week working for related orgs40.00
Greene, Marion
TitleMEMBER
Name of key/compensated personMARION GREENE
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Hanley, Charles
TitleMEMBER
Name of key/compensated personCHARLES HANLEY
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Jensen, Jay
TitleMEMBER
Name of key/compensated personJAY JENSEN
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Johnson, Barb
TitleMEMBER
Name of key/compensated personBARB JOHNSON
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Johnson, Ken
TitleCHAIR
Name of key/compensated personKEN JOHNSON
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.00
Landenberger, Eddie
TitleSR. PROGRAM MANAGER
Name of key/compensated personEDDIE LANDENBERGER
Position of compensated person
Average hours per week working for org0.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$17,151.00
Corresponding comp from related orgs
Reportable compensation from related orgs $123,926.00
Average hours per week working for related orgs40.00
Lilledahl, Patty
TitleMEMBER
Name of key/compensated personPATTY LILLEDAHL
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
McCormick, Barbara
TitleMEMBER
Name of key/compensated personBARBARA MCCORMICK
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
McGee, David
TitleMEMBER
Name of key/compensated personDAVID MCGEE
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Oakes, Sandra
TitlePRESIDENT
Name of key/compensated personSANDRA L OAKES
Position of compensated person
Average hours per week working for org0.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$22,467.00
Corresponding comp from related orgs
Reportable compensation from related orgs $139,683.00
Average hours per week working for related orgs40.00
Presley, Neita
TitleMEMBER
Name of key/compensated personNEITA PRESLEY
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.00
Reetz, Beth
TitleMEMBER
Name of key/compensated personBETH REETZ
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Roth, Jim
TitleSECRETARY
Name of key/compensated personJIM ROTH
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.00
Sahli, Ellen
TitleMEMBER
Name of key/compensated personELLEN SAHLI
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Streitz, Thomas
TitleVICE CHAIR
Name of key/compensated personTHOMAS STREITZ
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.00
Thao, Dai
TitleMEMBER
Name of key/compensated personDAI THAO
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.00
Whiterabbit, Joanne
TitleTREASURER
Name of key/compensated personJOANNE WHITERABBIT
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO CAPTURE STRATEGIC REAL ESTATE OPPORTUNITIES TO BENEFIT PEOPLE WITH LOW TO MODERATE INCOMES.
Program service expenses, total$354,765.00
Programs, including revenue & expenses
SEE SCHEDULE O.
Program expenses$354,765.00
Program revenue$439,374.00
Grants and allocations made$0.00
Program descriptionSEE SCHEDULE O.
Financial data
Revenue
Total revenue$3,466,998.00
Revenue from contributions (total)$3,027,624.00
Revenue from noncash contributions$2,825,263.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$3,027,624.00
Other revenue, current yr$410,999.00
Net unrelated business taxable revenue$0.00
Program service revenue (total)$28,375.00
Sources of contributions
Contributions from related organizations$3,027,624.00
Other types of revenue
Net rental income$410,999.00
Expense categories (totals)
Total functional expenses: sum of all$530,379.00
Total functional expenses: program service $354,765.00
Total functional expenses: management and general$159,928.00
Total functional expenses: fundraising$15,686.00
Fees for services
Legal fees (total)$44,115.00
Fundraising service fees (total)$0.00
Assets and liabilities
Total assets$15,996,957.00
Total assets, beginning of year$48,982.00
Total liabilities$13,061,356.00
Total liabilities, beginning of year$50,000.00
Unrestricted net assets, end of yr$2,923,555.00
Temporarily restricted net assets$12,046.00
Net assets$2,935,601.00
Net assets, beginning of year-$1,018.00
Other liabilities$129,043.00
Other assets$1,850,365.00
Cash: non-interest bearing$352,825.00
Cash: non-interest bearing, beginning of year$36,416.00
Investments -- program-related$13,440,124.00
Other financial variables
Revenue less expenses$2,936,619.00
Accounts receivable, net$278,631.00
Prepaid expenses & deferred charges$58,484.00
Accounts payable & accrued expenses$123,633.00
Deferred revenue$5,333.00
Secured mortgages and notes payable$12,803,347.00
Total net assets or fund balances$2,935,601.00
Depreciation, depletion, amortization$28,501.00
Governance and accountability
Number of voting members18
Number of independent voting members18
Financial sheets were auditedTrue
Audit on consolidated basisTrue
Accrual accountingTrue
Tax year start date2016-01-01
Tax year end date2016-12-01
Indicators for schedules (selected)
Org has controlled entityTrue
Org transacted with controlled entityTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
IRS schema version2016v3.0
Filing identifier201703149349303045
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