2024-08-13T11:21:34-05:00 2023-12-31 201317788 BOWERS & COMPANY CPAS PLLC 333 W WASHINGTON ST SUITE 500 SYRACUSE NY 13202 990 2023-01-01 824086618 KNOX COUNTY LAND REUTILIZATION CORPORATI KNOX 3302644444 PO BOX 29 MOUNT VERNON OH 43050 TERESA BEMILLER CHAIR 3302644444 2024-08-06 1 1 RICHARD FARLEY JR CPA P01083459 3152341100 2024-08-06 2023 2024-08-08 14:25:15Z TERESA BEMILLER PO BOX 29 MOUNT VERNON OH 43050 1849922 0 X WWW.KNOXADF.COM X 2018 OH THE KNOX COUNTY LAND REUTILIZATION CORPORATION (THE "LAND BANK") STRENGTHENS NEIGHBORHOODS AND PRESERVES PROPERTY VALUES BY STRATEGICALLY RETURNING VACANT, ABANDONED, TAX-DELINQUENT, AND OTHER PROPERTIES TO THEIR MOST PRODUCTIVE, AND HIGHEST-AND-BEST USES THROUGH A TRANSPARENT AND FAIR PROCESS. 5 5 0 5 0 0 3748751 1752417 115539 95005 0 0 -574016 -355980 3290274 1491442 0 0 0 0 0 0 0 0 0 401753 854218 401753 854218 2888521 637224 3851849 4753170 5875 204248 3845974 4548922 X THE KNOX COUNTY LAND REUTILIZATION CORPORATION (THE "LAND BANK") STRENGTHENS NEIGHBORHOODS AND PRESERVES PROPERTY VALUES BY STRATEGICALLY RETURNING VACANT, ABANDONED, TAX-DELINQUENT, AND OTHER PROPERTIES TO THEIR MOST PRODUCTIVE, AND HIGHEST-AND-BEST USES THROUGH A TRANSPARENT AND FAIR PROCESS. 0 0 820129 -260975 IN 2023 THE LAND BANK PARTICIPATED IN THE STATE BROWNFIELD GRANT AND SITE REVITALIZATION GRANT PROGRAMS WHICH LED TO THE CLEANUP OF MULTIPLE BLIGHTED PROPERTIES ACROSS THE COUNTY. IN ADDITION, THREE RESIDENTIAL PROJECTS WERE COMPLETED WITH NEWLY RENOVATED OR CONSTRUCTED OWNER-OCCUPIED HOUSES ON FORMERLY BLIGHTED PROPERTIES. THE YEAR WAS ALSO SPENT PLANNING FOR THE REVITALIZATION OF THE FORMER MOUNT VERNON NEWS BUILDING AND HEARTLAND COMMERCE PARK. 820129 1 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 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 OH X JEFF GOTTKE 3302644444 PO BOX 29 MOUNT VERNON OH 43050 X TERESA BEMILLER CHAIR 1.00 X X 0 0 0 SHELLEY COON VICE CHAIR 1.00 X X 0 0 0 TYLER GRIFFITH MEMBER 1.00 X 0 0 0 BRIAN BALL MEMBER 1.00 X 0 0 0 BILL PURSEL MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1501957 250460 250460 1752417 DTAC FEE REVENUE 531390 77821 77821 PROPERTY MANAGEMENT RE 531310 17184 17184 95005 2500 358480 -355980 -355980 1491442 -260975 0 0 X 7538 7538 34089 34089 92545 92545 11594 11594 9665 9665 DEMOLITION COSTS 688789 688789 PROFESSIONAL & TESTING 8850 8850 BUSINESS REGISTRATION F 725 725 EQUIPMENT RENTAL AND MA 200 200 223 223 854218 820129 34089 0 295494 79809 128629 246468 65055 64787 3355840 4357683 6831 4423 3851849 4753170 5875 143748 0 60500 5875 204248 X 0 0 0 0 3845974 4548922 3845974 4548922 3851849 4753170 637224 65724 0 X 0 0 0 X 85860 568213 801133 3748751 1752417 6956374 85860 568213 801133 3748751 1752417 6956374 6956374 5600 584 6184 19546 19546 6982104 0.99630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: UNCLAIMED FUNDS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 186000 ASSESSED VALUE X 4 64460 ASSESSED VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 KNOX COUNTY LAND REUTILIZATION CORPORATION CONTRACTS OUT TO AREA DEVELOPMENT FOUNDATION, INC. TO PROVIDE DAILY OVERSIGHT OF THE EMPLOY THE ON-SITE MANAGEMENT TEAM, MARKET THE PROPERTY, AND WORK TO FIND TENANTS AND PURCHASERS OF REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S GOVERNING BODY REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS REGARDING THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS GOVERNMENTAL PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION PERFORMING ESSENTIAL GOVERNMENTAL FUNCTIONS AND CLAIMING EXEMPTION FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 115(1) OF THE CODE, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT THE MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULT OF ARM'S-LENGTH BARGAINING; AND B. WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS AND ARRANGEMENTS WITH MANAGEMENT SERVICE ORGANIZATIONS, INCLUDING PROPERTY MANAGEMENT ORGANIZATIONS, IF ANY, CONFORM TO WRITTEN POLICIES OF THE CORPORATION, ARE PROPERLY RECORDED WITH THE CORPORATION, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE CORPORATION'S GOVERNMENTAL PURPOSES AND DO NOT RESULT IN PERSONAL INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MANAGEMENT CONTRACT FEE: PROGRAM SERVICE EXPENSES 52,545. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,545. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 40,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,000. COOPER PARK DEVELOPMENT COMPANY PO BOX 29 MOUNT VERNON OH 43050 853420407 SUPPORTING ORGANIZATION FOR KNOX COUNTY LAND REUTILIZATION COMPANY OH 501(C)(3) LINE 12A, I 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COOPER PARK DEVELOPMENT COMPANY D 64787 CASH