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BROOME COUNTY LAND BANK CORPORATION
BINGHAMTON, NY · EIN 901002318 · Form 990 · FY2022 · NTEE T30 · Philanthropy & Grantmaking · Small ($100K-$1M) · broomelandbank.org
revenue
$230K
expenses
$33K
net assets
$1.2M
employees
0
program ratio
71%
mission · from form 990

THE MISSION OF THE ENTITY IS TO FOSTER ECONOMIC AND COMMUNITY DEVELOPMENT BY ACQUIRING, HOLDING, MANAGING, DEVELOPING AND MARKETING DISTRESSED, VACANT, ABANDONED AND UNDER-UTILIZED PROPERTIES.

profile · synthesized from sources

The Broome County Land Bank Corporation acquires, manages, and redevelops vacant, abandoned, and underutilized properties in Broome County, New York. Its mission is to foster economic and community development by returning distressed properties to productive use. The organization operates through a board governance structure and focuses on property revitalization to strengthen neighborhoods.

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 properties
      Acquires, 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 structures
      Conducts 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 Program
      Operates 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 properties
      Conducts 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 rolls
      Reactivates 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 stabilization
      Funds 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 Program
      Offers 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 investment
      Generates 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 projects
      Operates 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
    methodology: community-led-greening
    By 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.
  • Equitable Access to Affordable Homeownership and Rental Opportunities
    methodology: affordable_housing
    By 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.
  • Neighborhood Stabilization Through Targeted Interventions
    methodology: neighborhood_stabilization_through_property_reuse
    By 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.
  • Property Reuse for Community Development
    methodology: property_reuse_for_community_development
    By 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.