Nonprofit · EIN 81-1773249
WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,888,451 | $2,299,306 | $3,589,145 | $9,052,955 | $2,897,470 | $6,155,485 |
| December 31, 2023 | 990 | $4,388,675 | $4,278,461 | $110,214 | $4,678,307 | $2,348,543 | $2,329,764 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,205,983
- of which government grants
- $6,812,450
- Program service revenue
- $0
- Investment income
- -$1,317,532
- Net gain from sales of assets
- -$1,335,573
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,191
- Other salaries and wages
- $182,200
- Salaries, compensation and benefits (total)
- $368,374
- Professional fundraising fees
- $0
- Legal fees
- $9,005
- Accounting fees
- $94,944
- Occupancy
- $23,376
- Travel
- $1,886
- Depreciation
- $749
- Program services (functional)
- $2,048,743
- Management and general (functional)
- $149,574
- Fundraising (functional)
- $100,989
Balance sheet and other
- Total assets, start of year
- $4,678,307
- Total assets, end of year
- $9,052,955
- Total liabilities, end of year
- $2,897,470
- Net assets, end of year
- $6,155,485
- Land, buildings and equipment
- $1,286,893
- Net assets without donor restrictions
- $5,973,068
- Net assets with donor restrictions
- $182,417
- Gross receipts
- $8,837,177
- Employees
- 5
- Volunteers
- 15
- Year formed
- 2016
- State of legal domicile
- DE
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 |
|---|---|---|---|---|
| RAY SACCOMANDI | CHIEF OPERATING OFFICER Officer | 40 | $125,000 | $21,191 |
| RICHARD J GESSNER JR | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| RAHEEMAH JABBAR-BEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT L WEIR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERNEST CONGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER C JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM OGDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIA CABRERA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CASSANDRA MARSHALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VANDELL HAMPTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY LUCAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID ROSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RAY FITZGERALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN SMITH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN FRANK | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAL SCHNEIKERT | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY SACCOMANDI | CHIEF OPERATING OFFICER Officer | 40 | $111,195 | $21,154 |
| RICHARD J GESSNER JR | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| SUSAN FRANK | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RAHEEMAH JABBAR-BEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HAL SCHNEIKERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT L WEIR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERNEST CONGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER C JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM OGDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIA CABRERA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CASSANDRA MARSHALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VANDELL HAMPTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY LUCAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID ROSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RAY FITZGERALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1007 N ORANGE ST 4TH FL, WILMINGTON, DE 19801-1242
- In care of
- % WILMINGTON CONSERVANCY
- Principal officer (990 for 2024)
- CHARLES M FREEL, 226 N FRANKLIN STREET, WILMINGTON, DE 19805
- Signed the 990
- CHARLES M FREEL, EXECUTIVE DIRECTOR
- Phone
- (302) 746-6009
- Website
- WWW.WILMINGTONLANDBANK.ORG
- 990-N for 2016 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Richard Gessner, 1105 North Market Street, Wilmington DE 19801. Mailing address: 800 North French Street, Wilmington DE 19801. Website: www.wilmingtonlandbank.org
- Return prepared by
- BELFINT LYONS & SHUMAN PA
Mission
THE MISSION OF THE WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK (WNCLB) IS TO RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.WE ACCOMPLISH OUR MISSION IN A WAY THAT: - IS PURPOSEFUL, TRANSPARENT, AND FOR THE PUBLIC GOOD; - IMPROVES THE COORDINATION OF RESOURCES AND EFFORTS WITHIN AND BETWEEN GOVERNMENTS, COMMUNITY ORGANIZATIONS, AND THE PRIVATE SECTOR; - IS BOTH ECONOMICALLY EFFICIENT AND SUSTAINABLE; - REFLECTS THE GOALS AND OBJECTIVES OF THE CITY'S COMPREHENSIVE DEVELOMPENT PLAN; AND - INVESTS IN EXISTING NEIGHBORHOODS.
Program accomplishments
- RETURN VACANT, DILAPIDATED, ABANDONED, AND DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO STRENGTHEN AND REVITALIZE OUR NEIGHBORHOODS AND SPUR ECONOMIC DEVELOPMENT.Expenses $2,048,743 · revenue -$1,335,573
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
- 81-1773249
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $9,052,955
- Income (IRS master file)
- $8,837,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,888,451 | $2,299,306 | $9,052,955 | IRS |
| 990 | December 2023 | $4,388,675 | $4,278,461 | $4,678,307 | XML |
| 990 | December 2022 | $4,934,033 | $3,563,700 | $3,846,516 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Richard Gessner Filed under this EIN, most likely by a chapter or affiliate | December 31, 2016 | ≤ $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 81-1773249).
Questions about WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION
- What is the EIN of WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION?
- The employer identification number (EIN) of WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION is 81-1773249.
- Is WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION 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 WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION 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 WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION 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 WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION?
- The 990 for the year ended December 31, 2024 names CHARLES M FREEL.
- Who are the officers and directors of WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $125,000 (RAY SACCOMANDI, CHIEF OPERATING OFFICER).
- How much revenue does WILMINGTON NEIGHBORHOOD CONSERVANCY LAND BANK CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,888,451, expenses of $2,299,306 and total assets of $9,052,955 at year end.
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