LANDLORDS ASSOCIATION OF TOMPKINS COUNTY

EIN: 161403228 Community Improvement

ITHACA, NY

Total Revenue
$249,490
Total Expenses
$42,919
Total Assets
$1,669,111
Net Assets
$1,669,111
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Principal Officer
BRIAN MCILROY
Phone
6072572382
Tax Period
2024-10-01 to 2025-09-30

LANDLORDS ASSOCIATION OF TOMPKINS COUNTY, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $249K in total revenue in fiscal year 2024. The organization ran a surplus of $207K, a strong 83% operating margin.

Mission

ORGANIZATION'S GOAL HAS BEEN TO CREATE A FORUM FOR THE EXCHANGE OF IDEAS PERTAINING TO FINANCIAL STRATEGIES, TENANT RELATIONS, BUSINESS MANAGEMENT, BUILDING MAINTENANCE AND TO KEEP OUR MEMBERS UPDATED ON LOCAL AND NATIONAL LAWS, REQUIREMENTS, AND CONCERNS RELATED TO RENTAL HOUSING. PROVIDES LEADERSHIP IN AREA OF BUSINESS AND WORKS WITH LOCAL GOVERNMENTS ON HOUSING RELATED ISSUES, ADVOCATING FOR REASONABLE REGULATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,561
Program Service Revenue $177,774
Investment Income $50,155
Other Revenue $0
TOTAL REVENUE $249,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $42,919
TOTAL EXPENSES $42,919

Year-over-Year Comparison

2024 2023 Change
Revenue $249,490 $257,492 0.0%
Expenses $42,919 $45,326 -0.1%
Net Income $206,571 $212,166 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GERSH BOARD MEMBER N/A
Director
$0 $0 $0
RICK HUBER BOARD MEMBER N/A
Director
$0 $0 $0
JIM LANE BOARD MEMBER N/A
Director
$0 $0 $0
RUSS MAINES BOARD MEMBER N/A
Director
$0 $0 $0
GRACE PETRISIN BOARD MEMBER N/A
Director
$0 $0 $0
CAROL SCHMITT BOARD MEMBER N/A
Director
$0 $0 $0
GINI VIDAL SECRETARY N/A
Director
$0 $0 $0
KAYLA CLARK VICE PRESIDE N/A
Officer
$0 $0 $0
BRIAN GROUT BOARD MEMBER N/A
Officer
$0 $0 $0
BRIAN MCILROY PRESIDENT N/A
Officer
$0 $0 $0
RON SCHMITT TREASURER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $249,490 $42,919 $1,669,111 $206,571
2024 $257,492 $45,326 $1,456,177 $212,166
2023 $262,011 $16,163 $1,229,435 $245,848
2022 $194,341 $20,822 $998,381 $173,519
2021 $169,832 $16,912 $824,862 $152,920
2020 $170,971 $43,791 $671,942 $127,180
2019 $157,016 $14,895 $544,762 $142,121
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