Preble County Land Reutilization Corporation

EIN: 884085419 501(c)(3) Community Improvement

Eaton, OH

Total Revenue
$583,154
Total Expenses
$27,156
Total Assets
$555,998
Net Assets
$555,998
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
Adam Craft
Phone
9374568101
Tax Period
2023-01-01 to 2023-12-31

Preble County Land Reutilization Corporation, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $583K in total revenue in fiscal year 2023. The organization ran a surplus of $556K, a strong 95% operating margin.

Mission

The Preble County Land Reutilization Corporation exists to: reclaim, rehabilitate, & reutilize vacant, abandoned, tax foreclosed, and other real property under Ohio Revised Code 5722.02 & granted authority under 1724.07 by the Preble County Commission. Board members were appointed and a treasurer established (Brenda White). No funds were collected, no bank account was established. The corporation did register with the Ohio Secretary of State for an entity number in March of 2018. No meetings conducted until 2022 when the Preble Land Reutilization Corporation is essentially re-established. Filed for EIN incorrectly in 2022 and was assigned EIN 88-4085419.

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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 (2023)

Revenue Breakdown

Contributions & Grants $583,154
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $583,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,156
Other Expenses $27,156
TOTAL EXPENSES $27,156

Year-over-Year Comparison

2023 2022 Change
Revenue $583,154 N/A N/A
Expenses $27,156 N/A N/A
Net Income $555,998 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
9

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brenda White Treasurer-Director 1.00
Officer Director
$0 $0 $0
Adam Craft President - Director 3
Officer Director
$0 $0 $0
Rachael Vonderhaar Director 1
Director
$0 $0 $0
David Haber Director 2
Director
$0 $0 $0
Brad Collins Vice President - Director 1
Officer Director
$0 $0 $0
Austin Cole Director 1
Director
$0 $0 $0
Justin Sommer Director 1
Director
$0 $0 $0
Shannon Chappel Non Voting Assistant Treasurer 1
Officer
$0 $0 $0
Sarah Farno Secretary (Non-voting Contracted) 16
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
2024 No data No data No data No data
2023 $583,154 $27,156 $555,998 $555,998
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