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HERKIMER COUNTY LAND BANK
HERKIMER, NY · EIN 993198921 · Form 990 · FY2025 · NTEE S30 · Community Improvement · Small ($100K-$1M) · herkimercountylandbank.org
revenue
$348K
expenses
$277K
net assets
$90K
employees
1
program ratio
89%
mission · from form 990

THE MISSION OF THE HERKIMER COUNTY LAND BANK CORPORATION IS TO ADDRESS VACANT, ABANDONED AND BLIGHTED PROPERTIES LOCATED WITHIN HERKIMER COUNTY. LOCAL GOVERNMENTS ALONE DO NOT HAVE SUFFICIENT RESOURCES OR TOOLS BY WHICH TO IDENTIFY, STABILIZE, REHABILITATE AND RESELL SUCH PROPERTIES, NOR TO UNDERTAKE THE PROCESS OF DECONSTRUCTION OR DEMOLITION OF THOSE BUILDINGS THAT ARE BEYOND REASONABLE REPAIR. THE LAND BANK WOULD ACT IN CONJUNCTION WITH LOCAL GOVERNMENTS, AND OTHER NOT-FOR-PROFIT GROUPS TO LEVERAGE ALL AVAILABLE RESOURCES TO REVITALIZE ALL HERKIMER COUNTY COMMUNITIES.

profile · synthesized from sources

The Herkimer County Land Bank is a nonprofit established in 2024 to address vacant, abandoned, and blighted properties in Herkimer County, NY. It acquires, stabilizes, and rehabilitates tax-foreclosed and deteriorated properties, often in partnership with local governments and nonprofits. The organization sells properties "as is" and relies on grant funding to support demolition, rehabilitation, and community revitalization efforts.

named programs · 1 · from sources

What they call their work

Purchase and Rehabilitation of Land Bank Properties
Manages a Request for Proposal (RFP) process to engage qualified contractors for the rehabilitation of properties owned by the Land Bank, facilitating their return to productive use
activities · 2 groups

What they do

  • Land Bank Property Revitalization 4 activities
    • Acquisition, stabilization, rehabilitation, and resale of vacant and tax-foreclosed properties
      Identifies, acquires, stabilizes, rehabilitates, and resells vacant, abandoned, and tax-foreclosed properties in Herkimer County to address blight and promote reuse. Properties requiring rehabilitation are sold with conditions to meet local building codes.
    • Demolition and improvement of blighted properties
      Conducts or funds the demolition of structures deemed beyond repair and carries out lot improvements on properties that are vacant, abandoned, or tax-foreclosed, using grant funding to support these activities.
    • Issuing requests for proposals for property rehabilitation
      Issues formal requests for proposals to solicit bids for the purchase and rehabilitation of properties it owns, ensuring redevelopment aligns with community standards.
    • Provision of technical assistance to other land banks
      Provides technical assistance and resource sharing to support the operations and capacity of land banks across New York State.
  • Uncategorized 1 activity
    • Sale of properties in “as is” condition
      Sells certain properties without warranties in “as is” condition, facilitating transfer of ownership while managing liability and redevelopment expectations.
financials · form 990 · fy2025
revenue
Total revenue$348K
Contributions & grants$387K111%
Program service revenue$00%
Investment income$-39K-11%
Other revenue$0
expenses
Total expenses$277K
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$71K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$247K
Cash$63K
Investments$0
Liabilities$157K
Net assets$90K
Liquid reserves2.7 mo
2 years on record · 2024–2025 · YoY revenue +411.1%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
MICHAEL EDWARDS EXECUTIVE DIRECTOR 40 $71K
board members · 7
  • CYNTHIA BENNETT — BOARD MEMBER
  • JAMES WALLACE — CHAIRMAN
  • KIMBERLY ENEA — TREASURER
  • MARK FEANE — SECRETARY
  • PETER CAMPIONE — VICE CHAIRMAN
  • RAYMOND DONLEY — BOARD MEMBER
  • V JAMES BONO — BOARD MEMBER
relationships · 6

Who they work with

  • Herkimer County Legislature Government — Established the Herkimer County Land Bank in 2024 and provides governance oversight.
  • Local governments in Herkimer County Partner — Collaborates with local governments to identify and redevelop blighted properties.
  • New York Land Bank Association, Inc. Network — Member of a statewide network supporting land banks through collaboration and technical assistance.
  • Other not-for-profit groups Partner — Partners with nonprofit organizations to support property stabilization and community revitalization efforts.
  • local governments Partner — Collaborates with local governments to revitalize communities.
  • other not-for-profit groups Partner — Partners with not-for-profit organizations to leverage resources for property redevelopment.
strategies · 1

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.

  • Collaborative Redevelopment Model
    methodology: collaborative_redevelopment
    By partnering with local governments and nonprofit organizations, the land bank leverages additional resources and funding to rehabilitate vacant or abandoned properties, because collaboration amplifies impact and enables more effective community revitalization than acting alone.