named programs · 3 · from sources
What they call their work
Neighborhood Revitalization
Manages and develops properties to strengthen neighborhoods and support economic development in Broome County
Property Acquisition and Management
Acquires vacant, abandoned, and distressed properties in Broome County to prevent blight and prepare them for redevelopment
Property Marketing and Disposition
Markets and sells redeveloped or stabilized properties to responsible owners to promote long-term community reinvestment
activities · 4 groups
What they do
-
Land Bank Property Revitalization 5 activities
- Acquiring and managing distressed propertiesAcquires, holds, manages, and develops distressed, vacant, abandoned, and under-utilized properties in Broome County to eliminate blight and support community development. Properties are acquired through tax foreclosure and property settlements, such as the 2025 acquisition at 181 Hawley Street in Binghamton.
- Demolishing blighted and unsafe structuresConducts demolition of severely blighted, vacant, or unsafe residential and commercial structures throughout Broome County. The organization has completed or assisted in the demolition of 85 properties, including 52 residential and 7 commercial units, with over $1 million invested in related projects.
- Operating the Side Lot ProgramOperates a Side Lot Program that allows adjacent property owners to purchase or lease vacant lots for community gardening, green space, or beautification, with requirements for merging the lot into their property and ongoing maintenance. The program has repurposed lots such as the one at 85 Trafford Road in Chenango.
- Rehabilitating vacant and distressed propertiesConducts full rehabilitations of vacant or distressed residential and commercial properties in Broome County, including health and safety improvements, code corrections, accessibility modifications, and environmental remediation. Since 2013, the organization has completed or assisted in the rehabilitation of 27 properties, including up to 30 units funded by a $2 million award in late 2024.
- Returning properties to tax rollsReactivates vacant properties through redevelopment and reuse, returning $12.25 million in assessed property value to municipal tax rolls in Broome County and promoting long-term fiscal stability for local governments.
-
-
Capital Infrastructure Funding 1 activity
- Funding property redevelopment and stabilizationFunds property redevelopment and neighborhood stabilization efforts through grantmaking, having awarded $16.1 million in grants to support rehabilitation, demolition, and reuse of distressed properties in Broome County.
-
-
Affordable Housing Development and Management 1 activity
- Operating the Affordable Homes ProgramOffers newly renovated homes for purchase by low-to-moderate income individuals and families through the Affordable Homes Program, managing sales via realtors and reviewing offers for program qualification. The program has achieved a 100% success rate in ensuring approved buyers fulfill housing-related payments with no defaults.
-
-
Uncategorized 2 activities
- Leveraging public and private investmentGenerates economic impact by leveraging $47.3 million in total public and private investment through property redevelopment activities, including sales proceeds of $2.55 million from property transactions.
- Supporting small business demolition projectsOperates a Small Business Tipping Fee Waiver Program that provides landfill tipping fee waivers for construction and demolition debris from eligible small business projects in Broome County, reducing costs and supporting private-sector revitalization efforts.
-
financials · form 990 · fy2022
revenue
Total revenue$230K
Contributions & grants$444K193%
Program service revenue$00%
Investment income$-214K-93%
Other revenue$11
expenses
Total expenses$33K
Program expenses71%
Admin / overhead29%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$2.14M
Cash$1.60M
Investments$0
Liabilities$951K
Net assets$1.19M
Liquid reserves581.5 mo
3 years on record · 2020–2022 · YoY revenue +121.1%
leadership · form 990 part vii · fy2022
Who runs it
board members · 9
- AARON MARTIN — CHAIRMAN
- CHRISTINE MARCHUSKA — BOARD MEMBER
- CHRISTOPHER DZIEDZIC — SECRETARY
- KYLE DAVIS — BOARD MEMBER
- MIKE DECKER — BOARD MEMBER
- MIKE SOPCHAK — TREASURER
- RICH DAVID — BOARD MEMBER
- TARIK ABDELAZIM — BOARD MEMBER
- TOM AUGOSTINI — VICE CHAIRMAN
relationships · 12
Who they work with
- Broome County Government — Administers the side lot program within Broome County and collaborates on municipal code compliance and tax roll reintegration.
- Broome County Government — Established the Broome County Land Bank Corporation in 2013 and collaborates on property redevelopment initiatives.
- Broome County Government — Local government entity with which the land bank is affiliated.
- Broome County Government — Provides Tipping Fee allocation funding to the Broome County Land Bank for the Small Business Tipping Fee Waiver Program through its annual budget.
- Broome County Government Partner — Collaborates to identify properties for rehabilitation or demolition.
- City of Binghamton Government — Transferred ownership of property at 181 Hawley Street to the Broome County Land Bank Corporation following a property settlement case.
- Department of Housing and Urban Development Government — Uses HUD income limits to determine eligibility for buyers of Land Bank Affordable Homes.
- Idea Kraft Partner — Designed and developed the Broome County Land Bank website.
- Idea Kraft Partner — Website design and development partner
- Idea Kraft Partner — Website design and development partner for Broome County Land Bank.
- Idea Kraft Partner — Website design and development partner for the Broome County Land Bank.
- NYS Homes and Community Renewal Government — Primary grant funder providing over $2 million for the Vacant Rental Program.
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.
- Community-Driven Greening and Productive Land Use 52 orgsmethodology: community-led-greeningBy enabling private owners and neighborhood groups to convert vacant lots into green spaces or productive uses, the organization supports grassroots-led beautification and food access because local stewardship fosters ownership and sustainable land use.shared approach: Strategic Land Reutilization →
- Neighborhood Stabilization Through Targeted Interventions 52 orgsmethodology: neighborhood_stabilization_through_property_reuseBy demolishing unsafe structures and returning tax-foreclosed properties to productive use, the organization prevents neighborhood devaluation and promotes long-term stability because removing blight and ensuring responsible ownership reduces decline and encourages reinvestment.shared approach: Strategic Land Reutilization →
- Property Reuse for Community Development 52 orgsmethodology: property_reuse_for_community_developmentBy acquiring, redeveloping, and productively reusing distressed and vacant properties, the organization stimulates economic growth and stabilizes neighborhoods because returning underutilized assets to active use generates community benefits and strengthens local tax bases.shared approach: Strategic Land Reutilization →
- Equitable Access to Affordable Homeownership and Rental Opportunitiesmethodology: affordable_housingBy rehabilitating distressed properties and prioritizing low-to-moderate income individuals and families for homeownership or rental opportunities, the organization increases affordable housing supply because targeted reinvestment removes financial barriers and aligns with community needs.