Knox County Land Reutilization Corporation

Organization Overview

Knox County Land Reutilization Corporation is located in Mount Vernon, OH. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox County Land Reutilization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Knox County Land Reutilization Corporation generated $629.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $300.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE KNOX COUNTY LAND REUTILIZATION CORPORATION (THE "LAND BANK") STRENGTHENS NEIGHBORHOODS AND PRESERVES PROPERTY VALUES BY STRATEGICALLY RETURNING VACANT, ABANDONED, TAX-DELINQUENT, AND OTHER PROPERTIES TO THEIR MOST PRODUCTIVE, AND HIGHEST-AND-BEST USES THROUGH A TRANSPARENT AND FAIR PROCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2020, THE LAND BANK WAS ABLE TO ACQUIRE 50.6 ACRES FOR POTENTIAL REDEVELOPMENT. MOST OF THIS WAS A VACANT MANUFACTURING COMPLEX THAT INCLUDES 670,000 SQ FT OF EXISTING SPACE UNDER LOCAL CONTROL. THE LAND BANK ALSO DEMOLISHED 4 BLIGHTED DRUG PROPERTIES, CLEANING UP THE LOCAL NEIGHBORHOOD. ADDITIONALLY, DEVELOPERS REHABBED 2 EXISTING LAND BANK PROPERTIES INTO BEAUTIFUL HOMES.


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Board, Officers & Key Employees

Name (title)Compensation
Teresa Bemiller
Chair
$0
Shelly Coon
Vice Chair
$0
Brian Ball
Member
$0
Bill Purcell
Member
$0
Tyler Griffith
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $152,875
All other contributions, gifts, grants, and similar amounts not included above$415,338
Noncash contributions included in lines 1a–1f $415,338
Total Revenue from Contributions, Gifts, Grants & Similar$568,213
Total Program Service Revenue$86,236
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$25,398
Miscellaneous Revenue$0
Total Revenue $629,051

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Knox County Land Reutilization Corporation has recieved totaling $484,353.

Awarding OrganizationAmount
The Ariel Foundation

Mount Vernon, OH

PURPOSE: DOWNTOWN WEST CORRIDOR DEVELOPMENT

$400,000
The Ariel Foundation

Mount Vernon, OH

PURPOSE: MOUNT VERNON NUISANCE PROPERTY REMEDIATION

$84,353
View Grant Recipient Profile

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