Albany County Land Bank Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,883,334 | 304,638 | 1,578,696 | 62.2 | 31% |
| 2016 | 2,874,878 | 633,177 | 2,241,701 | 72.4 | 27% |
| 2017 | 9,142,659 | 1,094,094 | 8,048,565 | 130.2 | 24% |
| 2018 | 194,275 | 961,707 | −767,432 | 90.3 | 22% |
| 2019 | 4,953,099 | 2,554,089 | 2,399,010 | 48.3 | 17% |
| 2020 | 2,739,652 | 2,554,685 | 184,967 | 49.2 | 16% |
| 2021 | 1,512,121 | 2,269,441 | −757,320 | 51.4 | 20% |
In its most recent public year (2021), this organization spent $757,320 more than it brought in. Its reserves stood at about 51.4 months of spending, down from 62.2 in 2015. Staff pay was 20% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Albany County Land Bank Corporation's IRS filings as a feed — one entry per filing year, through 2021. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works