Land Bank Twin Cities Inc.
Land Bank Twin Cities Inc.
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About this organization
Mission
To capture strategic real estate opportunities to benefit people with low to moderate incomes.
About
Land banking - The Land Bank Twin Cities, Inc. (LBTC) acquires strategic properties in the seven county metropolitan area on behalf of approved non-profit and socially responsible for-profit developers, non-profit service providers, and governments. Since inception through the end of 2018, LBTC and its related entities had acquired nearly 1,300 properties for $130 million.
Interesting data from their 2019 990 filing
The filing documents outline the non-profit's mission as “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.”.
When detailing its duties, they were outlined as: “To capture strategic real estate opportunities to benefit people with low to moderate incomes.”.
- The non-profit's reported state of operation is MN as per legal requirements.
- The filing reveals that the address of the non-profit in 2019 is 2401 LOWRY AVE NE NO 206, ST ANTHONY, MN, 55418.
- The non-profit's form for the year 2019 reports a total of 9 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $6,575.
- The organization has 18 independent voting members.
- The organization was formed in 2015.
- The organization pays $855,514 in salary, compensation, and benefits to its employees.
- The organization pays $137,177 in fundraising expenses.