Nonprofit · EIN 83-0542587
KINGSTON CITY LAND BANK
Tax-exempt · KINGSTON, NY 12401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,379,746 | $1,229,647 | $2,150,099 | $5,800,080 | $695,194 | $5,104,886 |
| December 31, 2023 | 990 | $1,142,198 | $645,629 | $496,569 | $2,983,452 | $28,665 | $2,954,787 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,452,085
- of which government grants
- $2,589,934
- Program service revenue
- $48,410
- Investment income
- $64,941
- Net income from sales of inventory
- -$185,690
- Other revenue
- -$185,690
Expenses
- Grants and similar amounts paid
- $4,737
- Compensation of officers, directors and key employees
- $190,260
- Other salaries and wages
- $257,505
- Salaries, compensation and benefits (total)
- $503,526
- Professional fundraising fees
- $0
- Legal fees
- $30,000
- Occupancy
- $2,591
- Travel
- $4,109
- Program services (functional)
- $1,018,385
- Management and general (functional)
- $211,262
Balance sheet and other
- Total assets, start of year
- $2,983,452
- Total assets, end of year
- $5,800,080
- Total liabilities, end of year
- $695,194
- Net assets, end of year
- $5,104,886
- Net assets without donor restrictions
- $4,123,056
- Net assets with donor restrictions
- $981,830
- Gross receipts
- $3,984,002
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL GILLIARD | EXECUTIVE DIRECTOR Officer | 40 | $190,260 | $5,708 |
| KYLE COHEN | REAL ESTATE PROJECT MANAGER Highest-paid employee | 40 | $105,783 | $3,188 |
| NATE HENNAGIN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| AARON CHILEWICH | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| BARBARA LOANNIDIS | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| REBECCA HOLDERNESS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ETHEL KNOX | MEMBER Trustee or director | 5 | $0 | $0 |
| JOANNA DORMAN | MEMBER Trustee or director | 5 | $0 | $0 |
| STEVE NOBLE | MEMBER Trustee or director | 5 | $0 | $0 |
| PAUL HEINTZ | MEMBER Trustee or director | 5 | $0 | $0 |
| SARAH DELLORTO | MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL GILLIARD | EXECUTIVE DIRECTOR Officer | 40 | $82,722 |
| DANIEL KANTER | CHAIRPERSON (THRU 2023) Trustee or director, Officer | 5 | $0 |
| NATHAN HENNAGIN | VICE CHAIR(CURRENT CHAIR) Trustee or director, Officer | 5 | $0 |
| AARON CHILEWICH | TREASURER Trustee or director, Officer | 5 | $0 |
| BARTEK STARODAJ | SECRETARY Trustee or director, Officer | 5 | $0 |
| REBECCA HOLDERNESS | MEMBER Trustee or director | 5 | $0 |
| ETHEL KNOX | MEMBER Trustee or director | 5 | $0 |
| JOANNA DORMAN | MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 260 KINGS MALL COURT 226, KINGSTON, NY 12401-1574
- In care of
- % ECONOMIC & COMMUNITY DEVELOPMENT
- Mailing address (990-N for 2019)
- 420 BROADWAY, KINGSTON CITY NY 12401
- Principal officer (990 for 2024)
- NATE HENNAGIN, 260 KINGS MALL COURT 226, KINGSTON, NY 12401
- Principal officer (990-N for 2019)
- KATILYN ARMSTRONG, 420 BROADWAY, KINGSTON CITY NY 12401
- Signed the 990
- NATE HENNAGIN, CHAIRPERSON
- Phone
- (845) 334-3951
- Return prepared by
- EFPR GROUP CPAS PLLC
Mission
WE BELIEVE EVERYONE HAS THE RIGHT TO A SAFE, AFFORDABLE, AND HIGH-QUALITY PLACE TO LIVE. THEREFORE, THE MISSION OF THE KINGSTON CITY LAND BANK IS TO FOSTER AN EQUITABLE COMMUNITY WHERE VACANT OR DISTRESSED PROPERTIES ARE TRANSFORMED INTO COMMUNITY ASSETS THAT IMPROVE THE QUALITY OF LIFE FOR KINGSTON RESIDENTS, STABILIZE AND ENHANCE NEIGHBORHOODS, AND CREATE NEW PATHWAYS FOR SOCIAL AND ECONOMIC DEVELOPMENT.
Program accomplishments
- TO COMBAT THE PROBLEM OF VACANT/ABANDONED PROPERTIES AND NEED FOR AFFORDABLE HOUSING IN KINGSTON, NEW YORK. TO FACILITATE THE RETURN OF VACANT, ABANDONED AND TAX-DELINQUENT PROPERTIES TO PRODUCTIVE USE.Expenses $1,018,385 · grants $4,737 · revenue $48,410
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0542587
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $5,800,080
- Income (IRS master file)
- $3,984,002
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,379,746 | $1,229,647 | $5,800,080 | XML |
| 990 | December 2023 | $1,142,198 | $645,629 | $2,983,452 | XML |
| 990 | December 2022 | $1,455,506 | $494,900 | $2,478,908 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: KATILYN ARMSTRONG | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0542587).
Questions about KINGSTON CITY LAND BANK
- What is the EIN of KINGSTON CITY LAND BANK?
- The employer identification number (EIN) of KINGSTON CITY LAND BANK is 83-0542587.
- Is KINGSTON CITY LAND BANK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KINGSTON CITY LAND BANK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KINGSTON CITY LAND BANK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KINGSTON CITY LAND BANK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KINGSTON CITY LAND BANK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KINGSTON CITY LAND BANK?
- The 990 for the year ended December 31, 2024 names NATE HENNAGIN.
- Who are the officers and directors of KINGSTON CITY LAND BANK?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $190,260 (MICHAEL GILLIARD, EXECUTIVE DIRECTOR).
- How much revenue does KINGSTON CITY LAND BANK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,379,746, expenses of $1,229,647 and total assets of $5,800,080 at year end.
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