2019-01-23T15:42:51-06:00 2018-06-30 201317788 BOWERS & COMPANY CPAS PLLC 120 MADISON ST - 1700 AXA TOWER II SYRACUSE NY 13202 990 2017-07-01 460549946 NEWBURGH COMMUNITY LAND BANK C/O MADELINE FLECTCHER ESQ NEWB 8455697350 PO BOX 152 NEWBURGH NY 12550 LISA DAILY CHAIRPERSON/DIRECTOR 8455697350 2018-12-13 1 PATRICIA L MILLS P00352520 3152341100 2018-12-05 38.122.120.34 2018-12-13 10:13:13 ES P 6EC88CD10A35BFF30DB80EDF5F53728FA7467B0C 06A94ACE466DB6D9D60A10B1E4A765C0F42F98B1 2017 2019-02-21 02:37:17Z LISA DAILY 752630 0 X NEWBURGHCOMMUNITYLANDBANK.ORG X 2012 NY ESTABLISHED FOR THE PURPOSE OF STIMULATING PLANNING, ECONOMIC DEVELOPMENT, AND NEIGHBOROOD REVITALIZATION IN THE CITY OF NEWBURGH, NEW YORK 9 9 6 9 0 0 1833827 587128 13896 12573 0 0 -744112 31051 1103611 630752 0 0 0 0 251096 275646 0 0 0 828048 464338 1079144 739984 24467 -109232 1299281 1583012 116491 626585 1182790 956427 X ESTABLISHED FOR THE PURPOSE OF STIMULATING PLANNING, ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION IN THE CITY OF NEWBURGH, NEW YORK. 0 0 665378 39031 AS OF SEPTEMBER 2018, NCLB ACQUIRED 102 PROPERTIES, AND SOLD 61 PROPERTIES. THROUGH THOSE PROPERTIES THAT HAVE SOLD, 126 TOTAL HOUSING UNITS WERE GENERATED OR ARE IN PROCESS WITH 28 MARKET RATE UNITS, 19 MIDDLE INCOME, 27 LOW INCOME, 24 VERY LOW INCOME, AND 7 EXTREMELY LOW INCOME. 21 UNITS ARE HOMEOWNER OCCUPIED. $5 MILLION IN ASSESSED VALUE HAS RETURNED TO THE TAX ROLLS OF THE MUNICIPALITY. MOST OF THE PROPERTIES (56 OF 102 ACQUIRED) ARE IN A FIVE BLOCK FOCUS AREA AND INCLUDE: 8 SINGLE FAMILY HOMES IN PARTNERSHIP WITH HABITAT FOR HUMANITY, 45 AFFORDABLE, HIGH QUALITY RENTAL UNITS ACROSS 16 PARCELS, THE PRESERVATION OF 20 HISTORIC STRUCTURES, AND SEVERAL MIXED USE/COMMERCIAL PROJECTS. AS A RESULT OF OUR WORK, VACANCY HAS REDUCED BY 33% IN THE FOCUS AREA AND ASSESSED VALUES HAVE INCREASE BY NEARLY $3 MILLION FROM 2015 LOWS IN ADDITION TO A STEADY RISE IN SALES AND SALES PRICES SINCE 2015. 665378 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 6 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X MADELINE FLETCHER ESQ 8455697350 PO BOX 152 NEWBURGH NY 12550 X LISA DAILY CHAIRPERSON/DIRECTOR 1.00 X X 0 0 0 MICHAEL CIARAVINO DIRECTOR 1.00 X 0 0 0 KAREN MEJIA DIRECTOR 1.00 X 0 0 0 KEVIN WHITE DIRECTOR 1.00 X 0 0 0 PAUL HALAYKO DIRECTOR 1.00 X 0 0 0 JOE SURACE DIRECTOR 1.00 X 0 0 0 DIERDRE GLENN DIRECTOR 1.00 X 0 0 0 DAVID POTACK TREASURER/DIRECTOR 1.00 X X 0 0 0 ANDREI NILES SECRETARY/DIRECTOR 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 118014 469114 587128 OTHER INCOME 532000 12573 12573 12573 26834 22241 4593 4593 4593 126095 99637 26458 26458 630752 39031 0 4593 255344 255344 20302 20302 13938 13938 39404 39404 16393 16393 35202 35202 11480 11480 60652 60652 PROPERTY STABILIZATION 239859 239859 OTHER OPERATING COSTS 44986 44986 UTILITIES 2424 2424 739984 665378 74606 0 756018 998643 25799 21868 16752 250 290501 371409 12251 4362 221329 34849 197960 186480 1299281 1583012 93531 49263 15000 577322 7960 0 116491 626585 X 984830 769947 197960 186480 1182790 956427 1299281 1583012 -109232 -117131 0 X 0 1 X 1 0 X 637651 1230188 1872216 1833827 587128 6161010 637651 1230188 1872216 1833827 587128 6161010 6161010 62773 31780 26834 121387 26392 118057 13896 12573 170918 6453315 0.95470 0.95020 X PART II, LINE 10 - OTHER INCOME DETAIL VARIOUS DONATIONS - $2965 REFUNDS - $9608 1252 1252 216597 33125 183472 3480 1724 1756 186480 652993 0 652993 22241 22241 675234 762225 22241 22241 739984 0 739984 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NET AGAINST INCOME FOR TAX PURPOSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET AGAINST INCOME FOR TAX PURPOSES FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS CIRCULATED AND REVIEWED BY THE FINANCE COMMITTEE AND THEN BY THE FULL BOARD, BEFORE BEING DISCUSSED AND REVIEWED AT A FULL BOARD MEETING WHERE IT IS APPROVED FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD MUST REVIEW AND UPDATE THE CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST DISCLOSURE FORM IS SIGNED BY THE BOARD MEMBERS WHICH REQUIRES THEM TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST FOR REVIEW AND CONSIDERATION BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION UPON FORMAL WRITTEN REQUEST.