named programs · 2 · from sources
What they call their work
Affordable Homeownership Program
Acquires, renovates, and sells distressed properties to eligible households earning at or below 80% of the Area Median Income through a public lottery system
Keystone Program
Rehabilitation and sale of six homes in Kingston, offered at historically low prices to qualified low- and moderate-income first-time homebuyers
activities · 5 groups
What they do
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Land Bank Property Revitalization 4 activities
- Acquire and rehabilitate vacant or distressed propertiesAcquires foreclosed or long-vacant properties, such as through paying back taxes or direct purchase, and conducts full renovations including updates to electrical, plumbing, HVAC, kitchens, bathrooms, insulation, and appliances to prepare them for reuse.
- Stabilize and maintain distressed propertiesPerforms stabilization, maintenance, and environmental remediation on acquired properties to prevent further deterioration and prepare them for redevelopment.
- Support community equity through real estate development expertiseApplies expertise in real estate development and asset management to support adaptive reuse of land and advance community equity through the transformation of vacant or distressed properties into community assets.
- Transform vacant properties into community assetsTransforms vacant or distressed properties into productive community assets to improve quality of life, stabilize neighborhoods, and support social and economic development in Kingston.
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Affordable Home Construction & Rehabilitation 2 activities
- Deliver affordable housing through the Keystone ProgramCompleted the rehabilitation and sale of six homes through the Keystone Program, delivering affordable homeownership opportunities at historic pricing in Kingston.
- Rehabilitate and sell distressed homes to increase first-time homeownershipRehabs and sells distressed houses to first-time homebuyers, expanding homeownership opportunities in Kingston.
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Capital Infrastructure Funding 1 activity
- Fund future affordable housing projects through home sale proceedsUses proceeds from the sale of rehabilitated homes to finance future affordable housing initiatives, supporting a sustainable cycle of community reinvestment.
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Organizational Governance & Leadership Development 1 activity
- Invite community members to join board of directorsEngages community members by inviting applications to join the organization’s board of directors, supporting community representation in governance.
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Affordable Housing Development and Management 1 activity
- Sell or transfer properties for affordable homeownershipSells or leases rehabilitated properties to qualified buyers earning at or below 80% of Area Median Income through a transparent, publicly advertised process, including a lottery system for applicant selection, to promote affordable homeownership in Kingston.
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financials · form 990 · fy2024
revenue
Total revenue$3.38M
Contributions & grants$3.45M102%
Program service revenue$48K1%
Investment income$65K2%
Other revenue$-186K
expenses
Total expenses$1.23M
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$504K
Grants paid out$5K
Largest expense lineCompensation
balance sheet
Total assets$5.80M
Cash$1.77M
Investments$0
Liabilities$695K
Net assets$5.10M
Liquid reserves17.2 mo
5 years on record · 2020–2024 · YoY revenue +195.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL GILLIARD | EXECUTIVE DIRECTOR | 40 | $196K |
| KYLE COHEN | REAL ESTATE PROJECT MANAGER | 40 | $109K |
board members · 9
- AARON CHILEWICH — VICE CHAIR
- BARBARA LOANNIDIS — SECRETARY
- ETHEL KNOX — MEMBER
- JOANNA DORMAN — MEMBER
- NATE HENNAGIN — CHAIR
- PAUL HEINTZ — MEMBER
- REBECCA HOLDERNESS — TREASURER
- SARAH DELLORTO — MEMBER
- STEVE NOBLE — MEMBER
relationships · 8
Who they work with
- City of Kingston Government — Acquires foreclosed properties from the city by paying back taxes and transferring title.
- City of Kingston Government — Collaborates with the City of Kingston to return distressed properties to productive use and preserve affordability.
- City of Kingston Government — Created in collaboration with, but operates independently from, the City of Kingston.
- City of Kingston Government — Steve Noble serves as Mayor of Kingston and Ex-Officio Member of KCLB; Teryl Mickens serves as Common Council Liaison from the Fifth Ward.
- Facebook Partner — Social media platform used for outreach and engagement
- Instagram Partner — Social media platform used for outreach and engagement
- U.S. Department of Housing and Urban Development Government — Uses HUD's annually updated Area Median Income (AMI) data to set income eligibility limits for homebuyers.
- YouTube Partner — Hosts public meeting recordings on YouTube to provide public access.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Adaptive Reuse for Community Benefitmethodology: adaptive_reuse_community_equityBy prioritizing adaptive reuse of land and buildings and transferring properties to qualified buyers for affordable housing or green space, the organization aligns revitalization with community goals, because repurposing existing assets in service of public benefit maximizes social return on underutilized property.
- Equitable Access Through Community-Centered Governance and Outreachmethodology: equitable_accessBy using public application processes for governance, transparent meeting practices, and proactive outreach via newsletters, the organization promotes equitable access to homeownership and decision-making, because inclusive participation mechanisms increase community trust and ensure underserved populations are aware of and can access opportunities.
- Land Bank Model for Neighborhood Stabilization and Equitable Developmentmethodology: land_bank_modelBy acquiring and repurposing vacant, abandoned, and distressed properties through legal and financial land banking tools, the organization stabilizes neighborhoods and generates community assets, because returning underutilized properties to productive use advances long-term affordability, equity, and local development.
- Multigenerational Affordability and Wealth Preservationmethodology: multigenerational_affordabilityBy designing affordable homeownership programs with long-term resale restrictions and eligibility tied to income levels, the organization creates lasting community stability and wealth preservation across generations, because limiting appreciation and ensuring continued affordability prevents displacement and builds intergenerational equity.