Cuyahoga Land Bank Charities
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4194587
Organization Overview
Cuyahoga Land Bank Charities is located in Cleveland, OH. The organization was established in 2018. 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. Cuyahoga Land Bank Charities 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 12/2023, Cuyahoga Land Bank Charities generated $1.5m in total revenue. All expenses for the organization totaled $753.2k during the year ending 12/2023. While expenses have increased by 75.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cuyahoga Land Bank Charities has awarded 28 individual grants totaling $1,235,968. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ASSIST OTHER CHARITABLE ORGANIZATIONS WHICH PROVIDE "WRAP-AROUND" SERVICES TO AGENCIES SERVING SPECIAL POPULATIONS SUCH AS VETERANS, CITIZENS TRANSITIONING FROM INCARCERATION, ADDICTION, AGING OUT OF FOSTER CARE, LEGALLY SETTLED REFUGEES, INDIVIDUALS WITH DISABILITIES, AND SENIORS.ALSO TO PROVIDE DIRECT SERVICES IN THE AREAS OF NEIGHBORHOOD STABILIZATION, SAFETY, COMMUNITY DEVELOPMENT, HOUSING REHABILITATION, AND DEVELOPMENT FOR THE AFORESAID AGENCIES AND SPECIAL POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WILL WORK TO MOBILIZE THE NETWORK OF COMMUNITY PARTNERS THAT CARE FOR INDIVIDUALS AND FAMILIES WHICH INCLUDE BUT NOT BE LIMITED TO MENTORING, COUNSELING, SUBSTANCE ABUSE SERVICES, WORKFORCE READINESS, PARENTING SUPPORT, FAMILY PROGRAMMING, AND LOCATION OF HOUSING. THE ORGANIZATION WILL NOT TYPICALLY PROVIDE THESE DIRECT SERVICES, BUT WILL SUPPORT OTHER COMMUNITY ORGANIZATIONS AND PROJECTS THAT ADDRESS THE SAME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gus Frangos Board Chair/trustee | OfficerTrustee | 0.5 | $0 |
Douglas Sawyer Secretary/trustee | OfficerTrustee | 0.5 | $0 |
Ronald Pavlovich Treasurer/trustee | OfficerTrustee | 0.5 | $0 |
Dennis Roberts Trustee | Trustee | 0.2 | $0 |
Ricardo Leon Vice Board Chair/trustee | OfficerTrustee | 0.5 | $0 |
Michael Schramm Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,480,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,386 |
| Total Program Service Revenue | $0 |
| Investment income | $20,999 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,550 |
| Grants and other assistance to domestic individuals. | $84,337 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $753,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,144,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,291,804 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,291,804 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,291,804 |
Grants Awarded
Over the last fiscal year, Cuyahoga Land Bank Charities has awarded $658,550 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CLEVELAND HABITAT FOR HUMANITY INC PURPOSE: PROGRAM SUPPORT | $385,000 |
RIDE WITH VALOR PURPOSE: PROGRAM SUPPORT | $50,000 |
URBAN BRIDGES PURPOSE: PROGRAM SUPPORT | $50,000 |
MARANATHA BIBLE COLLEGE & INSTITUTE PURPOSE: PROGRAM SUPPORT | $5,000 |
KING'S SON 820 PURPOSE: PROGRAM SUPPORT | $50,000 |
BUILDING & LEVERAGING OPPORTUNITIES FOUNDATION PURPOSE: PROGRAM SUPPORT | $50,000 |