WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION (EIN 811773249) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

RAY SACCOMANDI

Phone

3027466009

Tax Period

2023-01-01 to 2023-12-31

WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE MISSION OF THE WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK (WNCLB) IS TO RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.WE ACCOMPLISH OUR MISSION IN A WAY THAT: - IS PURPOSEFUL, TRANSPARENT, AND FOR THE PUBLIC GOOD; - IMPROVES THE COORDINATION OF RESOURCES AND EFFORTS WITHIN AND BETWEEN GOVERNMENTS, COMMUNITY ORGANIZATIONS, AND THE PRIVATE SECTOR; - IS BOTH ECONOMICALLY EFFICIENT AND SUSTAINABLE; - REFLECTS THE GOALS AND OBJECTIVES OF THE CITY'S COMPREHENSIVE DEVELOPMENT PLAN; AND - INVESTS IN EXISTING NEIGHBORHOODS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,014,561

Program Service Revenue $0

Investment Income $-2,643,601

Other Revenue $17,715

TOTAL REVENUE $4,388,675

Expense Breakdown

Grants Paid $14,400

Salaries & Benefits $310,476

Fundraising Expenses $90,839

Program Expenses $4,076,073

Other Expenses $3,953,585

TOTAL EXPENSES $4,278,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,388,675	$4,934,033	-0.1%
Expenses	$4,278,461	$3,563,700	+0.2%
Net Income	$110,214	$1,370,333	-0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$132,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J GESSNER JR	CHAIR	10.00	Officer Director	$0	$0	$0
SUSAN FRANK	TREASURER	2.00	Officer Director	$0	$0	$0
RAHEEMAH JABBAR-BEY	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
HAL SCHNEIKERT	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT L WEIR	DIRECTOR	2.00	Director	$0	$0	$0
ERNEST CONGO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER C JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
TOM OGDEN	DIRECTOR	2.00	Director	$0	$0	$0
MARIA CABRERA	DIRECTOR	2.00	Director	$0	$0	$0
CASSANDRA MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
VANDELL HAMPTON	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ROSS	DIRECTOR	2.00	Director	$0	$0	$0
RAY FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
RAY SACCOMANDI	CHIEF OPERATING OFFICER	40.00	Officer	$111,195	$21,154	$132,349

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
2024	No data	No data	No data	No data
2023	$4,388,675	$4,278,461	$4,678,307	$110,214
2022	$4,934,033	$3,563,700	$3,846,516	$1,370,333
2021	$1,875,774	$2,107,202	$1,169,229	$-231,428
2020	$846,002	$1,429,904	$1,015,255	$-583,902
2019	$838,231	$2,055,040	$1,551,775	$-1,216,809
2018	$425,997	$1,019,287	$2,671,224	$-593,290

WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION