EIN 61-1756962

Land Bank Twin Cities

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2015
Most recent tax filings
2022-12-01
Description
Land Bank Twin Cities, Inc. captures strategic real estate opportunities to benefit people with low to moderate incomes, prioritizing people of color and populations facing barriers. 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 for purchase, rehabilitation, and new construction of properties to advance the mission. Additionally, lbtc lends to these same groups for such purposes.
Total revenues
$7,583,813
2022
Total expenses
$4,611,397
2022
Total assets
$31,192,674
2022
Num. employees
6
2022

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
GrantmakerDescriptionAmount
Bush FoundationThe 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 FoundationTo Support the Acquisition, Hold, Sale Of, and Lending Related To, A Private Equity Housing Portfolio Project of 143 Units$1,000,000
The McKnight FoundationFor General Operating Support, and To Build Capacity To Facilitate More Mission-Based Community Development in the Twin Cities 7-county Region$375,000
...and 5 more grants received

Personnel at Land Bank Twin Cities

NameTitleCompensation
Sandra L OakesChief Manager and President$171,134
Tim JankaChief Financial Officer$135,384
Eddie LandenbergerVice President of Programs$124,915
Shana WengerSenior Manager , Human Resources and Operations / Senior Manager - Human Resources and Corporate Operations / Senior Manager - Human Resources Corporate Operations$128,323
Edward LandenbergerVice President and SR Program Manager / Vice President and Senior Program Manager$160,862
...and 9 more key personnel

Financials for Land Bank Twin Cities

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,840,200
Program services$2,181,070
Investment income and dividends$7,460
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,459,218
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$95,865
Total revenues$7,583,813

Form 990s for Land Bank Twin Cities

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-10-26990View PDF
2019-122021-02-22990View PDF
2018-122019-12-05990View PDF
...and 2 more Form 990s

Organizations like Land Bank Twin Cities

OrganizationLocationRevenue
The Road Home CorporationBaton Rouge, LA$16,046,921
Living Lands TrustBurlington, WI$9,709,308
Agricultural Stewardship Association (ASA)Greenwich, NY$3,317,044
Methow ConservancyWinthrop, WA$3,989,243
Yosemite ConservancySan Francisco, CA$23,940,076
Maine Farmland TrustBelfast, ME$7,917,677
Friends of Ga State Parks and HistoriCartersville, GA$2,431,010
Blue Ridge Conservancy (BRC)Boone, NC$6,857,073
Coastal Prairie ConservancyHouston, TX$4,300,902
Southern Appalachian Highlands Conservancy (SAHC)Asheville, NC$12,655,425
Data update history
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
July 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Real estate organizationsEnvironmental organizationsCharities
Issues
Land and water conservationEnvironmentHuman servicesHousing
Characteristics
Tax deductible 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/ 
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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