Public Charity

MEMPHIS LAND BANK INC

Based in MEMPHIS, TN, MEMPHIS LAND BANK INC operates as a Public Charity. The organization reported $-513K in revenue, $756K in expenses, $19.0M in total assets for fiscal year 2024. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $880K.

EIN: 030482299 MEMPHIS, TN Fund Raising & Fund Distribution NTEE: S12 Latest filing: 2024
Total Revenue$-513K
Total Expenses$756K
Total Assets$19.0M
Grant Records2
Funding Total$880K
Filing Years2019–2024

Mission

TO ACQUIRE, CONSTRUCT, DEVELOP, LEASE, MANAGE, OPERATE, SELL AND OTHERWISE DEAL WITH SAFE, DECENT, AND AFFORDABLE HOUSING, IN PARTICULAR, ASSISTING THE LOCAL HOUSING AUTHORITY IN PROVIDING HOUSING TO LOW AND VERY LOW INCOME FAMILIES AND INDIVIDUALS IN THE CITY OF MEMPHIS, TENNESSEE.

Where $100 goes at Memphis Land Bank Inc

How Memphis Land Bank Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$84
Engaged in the construction development and management of single family and duplex low income housing tax credit properties
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT J Martin Regan Jr
TREASURER Luke Yancy Iv
DIRECTOR Osie Lewis
DIRECTOR OF OPERATIONS Owen L Reid
SECRETARY/ASSISTANT TREASU Virginia A Francis

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$880,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $-513K $756K $19.0M
2023 $-569K $733K $19.3M
2022 $656K $647K $19.1M
2020 $722K $806K $19.0M
2019 $1.6M $696K $18.4M

Between 2019 and 2024, reported annual revenue moved from $1.6M to $-513K, with total assets most recently reported at $19.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MEMPHIS LAND BANK INC

Complete financials, all 2 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

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