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ALLEGANY COUNTY LAND BANK CORPORATION
BELMONT, NY · EIN 812744513 · Form 990 · FY2024 · NTEE L19 · Housing & Shelter · Small ($100K-$1M) · aclbc.org
revenue
$147K
expenses
$140K
net assets
$425K
employees
0
program ratio
92%
mission · from form 990

Acquisition, demolition, and renovation of properties to facilitate the return of vacant, abandoned and tax-delinquent properties to productive use.

profile · synthesized from sources

The Allegany County Land Bank Corporation acquires, stabilizes, and redevelops vacant, abandoned, and tax-delinquent properties in Allegany County, NY. It focuses on historic preservation and community revitalization by preparing properties for transfer to developers. The organization facilitates redevelopment through public incentives, including historic tax credits, and partners with local governments and builders to return buildings to productive use.

named programs · 3 · from sources

What they call their work

31 Grover St. Rehabilitation
Phased restoration of a 2,030 sq ft historic single-family home in Wellsville, NY, with integration of historic tax credits, environmental review, and community education opportunities.
Main Street Revitalization Project
Rehabilitation of historic mixed-use buildings at 4–6 Main St. and 8 Main St. in Friendship, NY, with plans for ground-floor commercial and upper-floor residential use. Includes coordination with SHPO and eligibility for historic tax credits.
Requests for Proposals (RFP) Program
Process for engaging qualified builders and contractors in active land bank projects, including submission guidelines and project scopes for redevelopment opportunities.
activities · 1 group

What they do

  • Land Bank Property Revitalization 2 activities
    • Acquisition and redevelopment of vacant and tax-delinquent properties
      Acquires, demolishes, and renovates vacant, abandoned, and tax-delinquent properties to return them to productive use, including selective demolition, asbestos abatement, and stabilization work on historic structures.
    • Engagement of contractors through requests for proposals
      Issues requests for proposals to engage qualified builders, contractors, and partners in active development projects, including rehabilitation and construction work on targeted properties.
financials · form 990 · fy2024
revenue
Total revenue$147K
Contributions & grants$340K232%
Program service revenue$00%
Investment income$00%
Other revenue$-193K
expenses
Total expenses$140K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$525K
Cash$147K
Investments$0
Liabilities$100K
Net assets$425K
Liquid reserves12.6 mo
5 years on record · 2020–2024 · YoY revenue +23.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • Brian Loucks — Chair
  • Darwin Fanton — Treasurer
  • David Evans — Director
  • Edward Zalar — Director
  • H Kier Dirlam — Secretary
  • Robert Salzar — Director
relationships · 6

Who they work with

  • Clinton Brown Architecture Company Partner — Selected to provide architectural drawings and construction specifications for the 31 Grover Street rehabilitation project.
  • GVCS Partner — Students from GVCS constructed a shed at the 31 Grover Street property as part of hands-on training during the rehabilitation process.
  • New York State Homes and Community Renewal Government — Provides partial support for multiple land bank projects, including access to historic tax credits and public funding incentives.
  • Town of Friendship Government — Passed a resolution supporting the Land Bank’s Main Street project and committed to future collaboration on redevelopment efforts.
  • contractors Partner — Engages contractors in property rehabilitation and development projects via competitive proposals.
  • qualified builders Partner — Collaborates with builders on active development projects through RFPs.
strategies · 3

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.

  • Accelerated Redevelopment via Pre-Vetted Pipeline
    methodology: pre-vetted_property_pipeline
    By providing developers with a pipeline of pre-vetted properties—featuring clear titles, mapped utilities, and community support—we reduce barriers to redevelopment and increase project velocity because it lowers risk and transaction costs for qualified partners.
  • Community-Driven Targeting of Blighted Properties
    methodology: community-driven_revitalization
    By engaging community members to identify vacant and abandoned properties, we improve targeting of interventions because local knowledge enhances accuracy and responsiveness, increasing community ownership and support for revitalization efforts.
  • Property Revitalization Through Acquisition and Redevelopment
    methodology: property-reuse-through-demolition-and-renovation
    By acquiring, demolishing, and renovating vacant, abandoned, and tax-delinquent properties, we return them to productive use because this clears blight, enables reinvestment, and restores value to distressed neighborhoods.