2018-04-30T15:50:35-05:00 2017-06-30 201317788 BOWERS & COMPANY CPAS PLLC 120 MADISON ST - 1700 AXA TOWER II SYRACUSE NY 13202 990 2016-07-01 460549946 NEWBURGH COMMUNITY LAND BANK C/O MADELINE FLECTCHER ESQ NEWB 8455697350 PO BOX 152 NEWBURGH NY 12550 LISA DAILY CHAIRPERSON/DIRECTOR 8455697350 2018-03-29 1 PATRICIA L MILLS P00352520 3152341100 38.122.120.34 2018-03-29 09:27:03 ED P 3C1BCE2BAB02C69B74AC39341BF693CE764D7BE1 3F00EEABBB06E9C6491258424DB2E99A55EE10F2 2016 2021-01-29 14:40:06Z LISA DAILY 2397018 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 1872216 1833827 599173 13896 0 0 62773 -744112 2534162 1103611 0 0 0 0 298580 251096 0 0 0 2832883 828048 3131463 1079144 -597301 24467 1528123 1299281 369800 116491 1158323 1182790 ESTABLISHED FOR THE PURPOSE OF STIMULATING PLANNING, ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION IN THE CITY OF NEWBURGH, NEW YORK. 0 0 1011107 -747748 THROUGH 2017,NCLB ACQUIRED 101 DISTRESSED PROPERTIES, GENERATING 117 HOUSING UNITS, THREE-FOURTHS OF WHICH ARE AFFORDABLE HOUSING. NCLB'S TOTAL INVESTMENT OF OVER $4.1 MILLION LEVERAGED APPROXIMATELY $15 MILLION OF PRIVATE INVESTMENT AND RETURNED $3.3 MILLION IN PRE-REHAB ASSESSED VALUE TO THE TAX ROLLS. IN ADDITION TO FACILITATING HOMEOWNERSHIP AND RENTAL HOUSING, NCLB HAS ALSO HELPED TO CREATE LIMITED COMMERCIAL SPACE AND SEVERAL GREEN SPACES INCLUDING A SMALL URBAN FARM, COMMUNITY GARDENS AND PASSIVE GREEN SPACE. NCLB HAS ALSO LED THE EFFORT TO PRESERVE AND RESTORE HISTORIC STRUCTURES IN THE DOWNTOWN AREA OF NEWBURGH AND OUR INVESTMENTS HAVE HELPED TO ATTRACT ADDITIONAL PRIVATE INVESTMENT. 1011107 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 3 0 1 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 LIBOLT & SONS INC 15 STEVES LANE GARDINER NY 12525 CONSTRUCTION 959369 SAFE HARBORS OF THE HUDSON 111 BROADWAY NEWBURGH NY 12550 CONSTRUCTION 113103 2 1360712 473115 1833827 OTHER INCOME 13896 13896 13896 31780 14248 17532 17532 17532 517515 1279159 -761644 -761644 1103611 -747748 0 17532 231078 231078 20018 20018 52851 52851 36632 36632 300 300 31405 31405 3686 3686 11155 11155 54307 54307 PROPERTY STABILIZATION 624774 624774 UTILITIES 7491 7491 OTHER OPERATING COSTS 5447 5447 1079144 1011107 68037 0 402362 756018 151221 25799 16752 766269 290501 1498 12251 221329 23369 206773 197960 1528123 1299281 280733 93531 0 15000 75973 0 13094 7960 369800 116491 X 951550 984830 206773 197960 1158323 1182790 1528123 1299281 24467 0 X 0 1 X 1 0 X 139415 637651 1230188 1872216 1833827 5713297 139415 637651 1230188 1872216 1833827 5713297 5713297 62773 31780 94553 46709 26392 118057 13896 205054 6012904 0.95020 0.93860 X PART II, LINE 10 - OTHER INCOME DETAIL RENTAL INCOME - $ 94,553 OTHER INCOME - $205,054 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1252 1252 216597 22296 194301 3480 1073 2407 197960 ACCRUED EXPENSES 7960 7960 1117859 14248 14248 1103611 0 1103611 1093392 14248 14248 1079144 0 1079144 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 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.