ALBANY COUNTY LAND BANK CORPORATION

EIN: 471646099 501(c)(3) Housing & Shelter

ALBANY, NY

Total Revenue
$1,512,121
Total Expenses
$2,269,441
Total Assets
$10,389,467
Net Assets
$9,717,967
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
ADAM ZARANKO
Phone
5184070309
Tax Period
2021-01-01 to 2021-12-31

ALBANY COUNTY LAND BANK CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2021. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE 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.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,793,432
Program Service Revenue $600
Investment Income $1,049
Other Revenue $-1,282,960
TOTAL REVENUE $1,512,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $548,603
Fundraising Expenses $0
Program Expenses $2,079,281
Other Expenses $1,720,838
TOTAL EXPENSES $2,269,441

Year-over-Year Comparison

2021 2020 Change
Revenue $1,512,121 $2,739,652 -0.4%
Expenses $2,269,441 $2,554,685 -0.1%
Net Income $-757,320 $184,967 -5.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
8

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
5
$111,075
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES TOUHEY CHAIR 2.00
Officer Director
$0 $0 $0
NATISHA M ALEXANDER TREASURER 0.50
Officer Director
$0 $0 $0
SAMUEL WELLS SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH J LACIVITA VICE-CHAIR 0.50
Officer Director
$0 $0 $0
MARK BOBB-SEMPLE DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY CAPECE DIRECTOR 0.50
Director
$0 $0 $0
JUANITA NABORS DIRECTOR 0.50
Director
$0 $0 $0
DAVID C ROWLEY DIRECTOR 0.50
Director
$0 $0 $0
ADAM ZARANKO EXECUTIVE DIRECTOR 40.00
Officer
$105,317 $5,758 $111,075
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
2021 $1,512,121 $2,269,441 $10,389,467 $-757,320
2020 $2,739,652 $2,554,685 $11,826,616 $184,967
2019 $4,953,099 $2,554,089 $12,442,969 $2,399,010
2018 $674,758 $2,299,539 $10,873,488 $-1,624,781
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