Public Charity

ALBANY COUNTY LAND BANK CORPORATION

ALBANY COUNTY LAND BANK CORPORATION is a Public Charity headquartered in ALBANY, NY. Financial data from the 2021 filing: $1.5M revenue, $2.3M expenses, $10.4M total assets. 5 publicly reported grants to this organization, totaling roughly $3.5M, appear in IRS filings.

EIN: 471646099 ALBANY, NY Housing Rehabilitation NTEE: L25 Latest filing: 2021
Total Revenue$1.5M
Total Expenses$2.3M
Total Assets$10.4M
Grant Records5
Funding Total$3.5M
Filing Years2017–2021

Mission

THE ALBANY COUNTY LAND BANK FACILITATES THE PROCESS OF ACQUIRING, IMPROVING AND REDISTRIBUTING VACANT AND ABANDONED PROPERTIES TO ELIMINATE THE HARMS AND LIABILITIES CAUSED BY SUCH PROPERTIES AND RETURN THEM TO PRODUCTIVE USE, WHILE BEING CONSISTENT WITH THE MUNICIPALITY'S REDEVELOPMENT AND COMPREHENSIVE PLANS.

Officers & Directors

EXECUTIVE DIRECTOR Adam Zaranko
DIRECTOR Anthony Capece
CHAIR Charles Touhey
DIRECTOR David C Rowley
VICE-CHAIR Joseph J Lacivita
DIRECTOR Juanita Nabors

Officer compensation and complete director data available with membership.

Top Grant Purposes

COMMUNITY PRESERVATION AND DEVELOPMENT
$2,673,055 2 grants
CAPACITY BUILDING
$843,713 2 grants
See Part IV
$15,697 1 grant

Financial Trends

Year Revenue Expenses Assets
2021 $1.5M $2.3M $10.4M
2020 $2.7M $2.6M $11.8M
2019 $5.0M $2.6M $12.4M
2018 $675K $2.3M $10.9M
2017 $9.1M $1.1M $12.1M

Between 2017 and 2021, reported annual revenue declined from $9.1M to $1.5M (-83%), with total assets most recently reported at $10.4M.

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

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