2024-09-03T09:28:58-05:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-01-01 830542587 KINGSTON CITY LAND BANK INC KING 8453343951 260 KINGS MALL COURT 226 KINGSTON NY 12401 NATE HENNAGIN CHAIRPERSON 8453343951 2024-08-05 1 0 DAVID A URBAN CPA P00630018 7166340700 2024-08-05 2023 2024-08-08 14:25:15Z NATE HENNAGIN 260 KINGS MALL COURT 226 KINGSTON NY 12401 1163741 0 X HTTPS:/KINGSTONCITYLANDBANK.ORG X 2018 NY 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. 7 7 4 8 0 0 1739611 924007 0 48410 0 6477 -284105 163304 1455506 1142198 0 40893 0 0 150403 205952 0 0 0 344497 398784 494900 645629 960606 496569 2478908 2983452 20690 28665 2458218 2954787 X 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. 0 0 503695 40893 211714 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. 503695 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 17 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 NY X MICHAEL GILLIARD 8455144908 260 KINGS MALL COURT 226 KINGSTON NY 12401 DANIEL KANTER CHAIRPERSON (THRU 2023) 5.00 0.00 X X 0 0 0 NATHAN HENNAGIN VICE CHAIR(CURRENT CHAIR) 5.00 0.00 X X 0 0 0 AARON CHILEWICH TREASURER 5.00 0.00 X X 0 0 0 BARTEK STARODAJ SECRETARY 5.00 0.00 X X 0 0 0 REBECCA HOLDERNESS MEMBER 5.00 0.00 X 0 0 0 ETHEL KNOX MEMBER 5.00 0.00 X 0 0 0 JOANNA DORMAN MEMBER 5.00 0.00 X 0 0 0 MICHAEL GILLIARD EXECUTIVE DIRECTOR 40.00 0.00 X 82722 0 0 82722 0 0 0 0 0 1 MAEDA CONSTRUCTION INC 76 GARDENERS HOUSE LANE STAATSBURG NY 12580 CONSTRUCTION 290386 1 550517 373490 924007 DEVELOPER FEES 531310 48410 48410 48410 7094 7094 617 -617 -617 -617 184230 20926 163304 163304 1142198 211714 0 6477 X 40893 40893 82722 82722 104541 78916 25625 4363 4069 294 14326 12063 2263 25001 25001 222828 192578 30250 4565 4565 15146 15146 459 459 2275 2275 6007 6007 50219 50219 PROPERTY COST 35694 35694 DUE DILLIGENCE 32699 32699 PUBLICATIONS 2637 2637 MAINTENANCE 1237 1237 17 17 645629 503695 141934 0 1647010 1152089 50502 115088 275123 1207736 5656 8539 0 0 617 0 500000 500000 2478908 2983452 20690 28665 20690 28665 X 1169714 2492079 1288504 462708 2458218 2954787 2478908 2983452 496569 0 X X 0 1 X 1 0 X 5608 822880 2240621 1739611 924007 5732727 5608 822880 2240621 1739611 924007 5732727 3022560 2710167 263 719 273 7094 8349 48410 48410 5789486 0.46810 0.44000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN SUBSIDIARY 500000 500000 X 1163124 20926 20926 1142198 0 1142198 666555 20926 20926 645629 0 645629 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 20,926. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF PROPERTY SOLD 20,926. 0 KCLB MAEDA LEGACY CITIES 1 LLC 260 KINGS MALL COURT KINGSTON NY 12401 881685983 LLC 40893 0 DEVELOPMENT 0 0 0 0 0 0 0 0 0 PART II, LINE 1: COMPENSATION WAS PAID TO NEW YORK DEVELOPMENT ADVISORY GROUP LLC FOR SERVICES OF THE EXECUTIVE DIRECTOR, MICHAEL GILLARD THROUGH JUNE 2023. TOTAL PAID TO NEW YORK DEVELOPMENT ADVISORY GROUP LLC WAS $82,722. MICHAEL GILLARD CONTINUED TO SERVE AS EXECUTIVE DIRECTOR, BUT WAS RECEIVED A SALARY FROM THE LAND BANK FROM JULY 2023 TO PRESENT. MICHAEL GILLIARD EXECUTIVE DIRECTOR/OWNER NY DEVELOPMENT ADVISORY SERVICES 82722 CONTRACTED EXECUTIVE DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 3 THE EXECUTIVE DIRECTOR WAS PAID AS AN INDEPENDENT CONTRACTOR UNDER HIS CONSULTING FIRM, NEW YORK DEVELOPMENT ADVISORY GROUP LLC THROUGH JUNE 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G AUDIT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,250. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 192,578. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 192,578. FORM 990, PART XII, LINE 2C NO CHANGES IN AUDIT OVERSIGHT OR SELECTION IN THE CURRENT YEAR. KCLB MAEDA LEGACY CITIES 1 LLC 260 KINGS MALL COURT KINGSTON NY 12401 881685986 CONSTRUCTION NY KINGSTON CITY LAND BANK RELATED -55384 647796 0 1 0.51000 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 KCLB MAEDA LEGACY CITIES 1 LLC B 40893 CASH KCLB MAEDA LEGACY CITIES 1 LLC L 48410 FMV KCLB MAEDA LEGACY CITIES 1 LLC D 24898 FMV