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CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION

ELMIRA, NY · EIN 813982616 · Form 990 · FY2025 · NTEE C34 · Environment · Medium ($1M-$10M) · chemunglandbank.com
revenue
$1.1M
expenses
$1.2M
net assets
$421K
employees
0
program ratio
84%
mission · from form 990

THE CORPORATION WAS ESTABLISHED TO COMBAT THE PROBLEM OF VACANT AND ABANDONED PROPERTIES IN CHEMUNG COUNTY AND THE CITY OF ELMIRA AND FACILITATE THE RETURN OF VACANT, ABANDONED AND TAX-DELINQUENT PROPERTIES TO PRODUCTIVE USE.

profile · synthesized from sources

Land bank established in 2016 to combat blight in Chemung County and the City of Elmira, NY, by acquiring vacant, abandoned, and tax-delinquent properties and returning them to productive use. The organization focuses on community revitalization through property rehabilitation, demolition, and redevelopment, with an emphasis on improving housing quality and supporting economic development in distressed neighborhoods.

named programs · 3 · from sources

What they call their work

Owner Occupied Repair Program
Provides grant funding to homeowners in Chemung County for safety and emergency repairs; funded by NYS Homes and Community Renewal, targeting low- to moderate-income residents (up to 120% AMI).
Properties for Sale
Markets and sells rehabilitated homes and vacant lots to private buyers, developers, and homeowners to promote neighborhood stabilization and economic development.
Rehabs/Demos
Acquires, rehabilitates, or demolishes vacant and tax-delinquent properties in Elmira and Chemung County to return them to productive use and eliminate blight.
activities · 5 groups

What they do

  • Home Repair Assistance for Low-Income Households 1 activity
    • Administering grant funding for homeowner safety and emergency repairs
      Provides state-funded grant assistance to homeowners in Chemung County for safety and emergency home repairs through the Land Bank Initiative, directly financing critical improvements to residential properties.
  • Transparent Governance Meetings 1 activity
    • Contractor onboarding and organizational transparency
      Provides a Contractor Data Sheet for individuals seeking to work with the organization and ensures public access to key organizational policies such as property acquisition, disposition, conflict of interest, procurement, and whistleblower protections. Also conducts monthly board meetings with publicly posted agendas and minutes.
  • MWBE Certification and Contract Access Support 1 activity
    • Promoting inclusive contracting practices
      Encourages participation of Minority and Women Owned Business Enterprises (MWBEs) in the bid selection process, promoting equity and inclusion in procurement and contracting opportunities.
  • Land Bank Property Revitalization 1 activity
    • Rehabilitating and demolishing vacant and abandoned properties
      Plans and carries out the rehabilitation and demolition of vacant and foreclosed properties in Chemung County and the City of Elmira, with documented completion of multiple projects between 2025 and 2026. The organization targeted approximately 10 rehabilitations and 8 demolitions during 2018–2019 and continues active property redevelopment.
  • Neighborhood Revitalization Initiatives 1 activity
    • Supporting downtown revitalization and affordable housing development
      Works to enhance the housing stock and eliminate blight in low-income neighborhoods in the City of Elmira, supporting downtown revitalization and expanding efforts across Chemung County. This includes receiving ESPRI funding to improve rental housing quality and quantity in underserved areas.
financials · form 990 · fy2025
revenue
Total revenue$1.13M
Contributions & grants$1.12M100%
Program service revenue$00%
Investment income$3K0%
Other revenue$0
expenses
Total expenses$1.21M
Program expenses84%
Admin / overhead16%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$424K
Cash$403K
Investments$0
Liabilities$3K
Net assets$421K
Liquid reserves4.0 mo
5 years on record · 2020–2025 · YoY revenue +11.1%
leadership · form 990 part vii · fy2025

Who runs it

board members · 8
  • BRENT STERMER — VICE CHAIRMAN
  • DAVE MCCORMICK — BOARD MEMBER
  • EMMA MIRAN — SECRETARY
  • JOSEPH ROMAN — TREASURER
  • L THOMAS SWEET — CHAIRMAN
  • MICHELLE JOHNSON — BOARD MEMBER
  • THERESA MURDOCK — BOARD MEMBER
  • WARREN ROMAN — BOARD MEMBER
relationships · 10

Who they work with

  • Arbor Development Government — Administrative and operational support provided by Arbor Development, as contact emails are hosted under arbordevelopment.org for key staff.
  • Arbor Housing & Development Partner — Administers the Chemung County Property Development Corporation program.
  • Arbor Housing and Development Partner — Administrative and operational partner through which contractor inquiries are directed and managed.
  • Arbor Housing and Development Partner — Administrative partner handling applications and correspondence for the Land Bank’s repair program
  • Arbor Housing and Development Partner — Collaborates with CCPDC and the County to assist in determining program needs and prioritizing resource use.
  • Arbor Housing and Development Partner — Hired by the land bank to administer the program, including conducting environmental reviews, writing specifications, managing construction bids, and monitoring progress.
  • Empire State Poverty Reduction Initiative Funder — Awarded funding to the land bank to support the provision of clean, safe, and affordable rental housing in impoverished neighborhoods.
  • NYS Homes and Community Renewal Government — Primary source of funding for the Owner Occupied Repair Program through the Land Bank Initiative
  • Signature Properties Partner — Real estate brokerage partner assisting with the sale of homes owned by the Land Bank
  • Warren Homes Partner — Real estate listing partner for properties developed or redeveloped by the Land Bank
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.

  • Community-Driven Property Disposition
    methodology: community-driven_property_disposition
    By selecting property buyers based on alignment with community needs rather than highest bid alone, the organization ensures redevelopment supports local priorities, because this alignment strengthens long-term neighborhood stability and equitable outcomes.
  • Grant-Funded Housing Repair and Revitalization
    methodology: state-funded repair grants
    By leveraging state-funded grants to finance emergency and safety repairs for qualifying homeowners, the organization stabilizes occupied housing and improves neighborhood conditions, because targeted public investment in existing housing stock prevents further deterioration and displacement.
  • Property Stabilization and Redevelopment for Neighborhood Revitalization
    methodology: property_reuse_and_redevelopment
    By acquiring, stabilizing, and redeveloping blighted and abandoned properties, the organization returns them to productive use, because revitalizing physical infrastructure catalyzes broader community recovery and reduces urban decay.