Program areas at Land Bank Twin Cities
Land banking -Land Bank Twin Cities, Inc. (lbtc) acquires, holds, and resells strategic properties in the seven-county metropolitan area to sell to approved non-profit and socially responsible for-profit developers, non-profit service providers, community businesses, and governments to advance the mission of lbtc.
Brokerage/property managementlbtc brokers the sale and purchase of properties, and manage properties during holding periods, to advance the mission of lbtc.
Community lending -lbtc lends to approved non-profit and socially responsible for-profit developers, non-profit service providers, community businesses, and governments for purchase, rehabilitation, and new construction of properties to advance the mission of lbtc.
General program - activity generally related to Land Bank Twin Cities, Inc. Overall mission but not specific to one of our defined programs.
Who funds Land Bank Twin Cities
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Bush Foundation | 2022-12 | The Land Bank Twin Cities Will Spread the Practice of Community Organizations Taking Site Control of Real Estate for Community-Driven Affordable Housing and Small Business Development. Acquired Properties Were at Risk of Speculative Investment and Are Held Until A Community Organization Can Engage in Community-Driven Visioning and Planning While Increasing Its Capacity for Ownership. Site Control Is A Proven Practice for Creating Wealth When Properties Are Transferred To Local Ownership and Providing A Pipeline of Creditworthy Owners in Bipoc Communities. | $2,100,000 |
The McKnight Foundation | 2022-12 | To Support the Acquisition, Hold, Sale Of, and Lending Related To, A Private Equity Housing Portfolio Project of 143 Units | $1,000,000 |
The McKnight Foundation | 2022-12 | For General Operating Support, and To Build Capacity To Facilitate More Mission-Based Community Development in the Twin Cities 7-county Region | $375,000 |
...and 6 more grants received |
Personnel at Land Bank Twin Cities
Name | Title | Compensation | Date of data |
---|
Sandra L Oakes | Chief Manager and President | $171,134 | 2022-12-31 |
Tim Janka | Chief Financial Officer | $135,384 | 2022-01-19 |
Eddie Landenberger | Vice President of Programs | $124,915 | 2023-11-14 |
Shana Wenger | Senior Manager , Human Resources and Operations / Senior Manager - Human Resources and Corporate Operations / Senior Manager - Human Resources Corporate Operations | $128,323 | 2022-12-31 |
Edward Landenberger | Vice President and SR Program Manager / Vice President and Senior Program Manager | $160,862 | 2022-12-31 |
...and 9 more key personnel |
Financials for Land Bank Twin Cities
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $3,840,200 | $3,376,550 | 13.7% |
Program services | $2,181,070 | $2,098,303 | 3.9% |
Investment income and dividends | $7,460 | $1,840 | 305.4% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $1,459,218 | $752,777 | 93.8% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $95,865 | $0 | 999% |
Total revenues | $7,583,813 | $6,229,470 | 21.7% |
Organizations like Land Bank Twin Cities
Organization | Type | Location | Revenue |
---|
Living Lands Trust | 501(c)(3) | Burlington, WI | $9,709,308 |
Friends of Ga State Parks and Histori | 501(c)(3) | Cartersville, GA | $2,431,010 |
Maine Farmland Trust | 501(c)(3) | Belfast, ME | $7,917,677 |
Agricultural Stewardship Association (ASA) | 501(c)(3) | Greenwich, NY | $3,317,044 |
Methow Conservancy | 501(c)(3) | Winthrop, WA | $5,868,283 |
Yosemite Conservancy | 501(c)(3) | San Francisco, CA | $23,940,076 |
D&R Greenway Land Trust | 501(c)(3) | Princeton, NJ | $3,173,616 |
Mainspring Conservation Trust (LTLT) | 501(c)(3) | Franklin, NC | $5,191,913 |
Sierra Foothill Conservancy (SFC) | 501(c)(3) | Mariposa, CA | $5,490,215 |
Chelan-Douglas Land Trust (CDLT) | 501(c)(3) | Wenatchee, WA | $2,874,158 |
Data update history
February 3, 2024
Received grants
Identified 4 new grant, including a grant for $2,100,000 from Bush Foundation January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Received grants
Identified 3 new grant, including a grant for $1,000,000 from The McKnight Foundation August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Real estate organizationsEnvironmental organizationsCharities
Issues
Land and water conservationEnvironmentHuman servicesHousing
Characteristics
Tax deductible donationsAccepts online donations
General information
- Address
- 2515 Wabash Ave 150
- Saint Paul, MN 55114
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Ramsey County, MN
- Website URL
- landbanktwincities.org/Â
- Phone
- (612) 238-8210
IRS details
- EIN
- 61-1756962
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- C34: Land Resources Conservation
- NAICS code, primary
- 5313: Real Estate Services
- Parent/child status
- Independent
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