WATERBURY LAND BANK AUTHORITY INC
AI Summary
WATERBURY LAND BANK AUTHORITY INC is a Waterbury-based nonprofit focused on housing development, working to repurpose vacant lots and dilapidated structures into community assets that support infill housing, rehabilitation, community greening, and expanded tree canopy. For fiscal year 2025, it reported $887.2K in revenue against a $621K operating budget, with funding that includes grants from HAROLD WEBSTER SMITH FOUNDATION INC, LOCAL INITIATIVES SUPPORT CORPORATION, and Webster Bank Charitable Foundation.
Mission Statement
THE WATERBURY LAND BANK AUTHORITY ("WLB") WORKS TO ENHANCE THE QUALITY OF LIFE FOR WATERBURY RESIDENTS. WE DO THIS BY REPURPOSING VACANT LOTS AND STRUCTURES INTO NEW COMMUNITY ASSETS. WE WORK CLOSELY WITH THE CITY OF WATERBURY, OTHER COMMUNITY NONPROFITS, AND LOCAL BUSINESSES TO CATALYZE NEIGHBORHOOD INVESTMENTS. OUR PRIORITIES INCLUDE INFILL HOUSING, HOUSING REHABILITATION, COMMUNITY GREENING PROJECTS, AND EXPANDING WATERBURY'S TREE CANOPY. OUR WORK PROMOTES A MIX OF HOUSING OPTIONS, REDUCES BLIGHT, AND CLEARS DILAPIDATED STRUCTURES TO ALLOW NEW DEVELOPMENT.
Cause Areas
1
Housing development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 5 funders
- 8 board & team members
- 2 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is WATERBURY LAND BANK AUTHORITY INC’s budget?
In 2024, WATERBURY LAND BANK AUTHORITY INC reported an annual operating budget of around $362 thousand. More detailed financial information is available to registered users.
What causes does WATERBURY LAND BANK AUTHORITY INC support?
WATERBURY LAND BANK AUTHORITY INC supports work in Housing development.
Where does WATERBURY LAND BANK AUTHORITY INC operate?
WATERBURY LAND BANK AUTHORITY INC is headquartered in WATERBURY, CT.
Who funded WATERBURY LAND BANK AUTHORITY INC recently?
In 2024, WATERBURY LAND BANK AUTHORITY INC received grants from HAROLD WEBSTER SMITH FOUNDATION INC, LOCAL INITIATIVES SUPPORT CORPORATION, and Webster Bank Charitable Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant WATERBURY LAND BANK AUTHORITY INC received in 2024?
The largest grant to WATERBURY LAND BANK AUTHORITY INC in 2024 exceeds $100 thousand.
What is WATERBURY LAND BANK AUTHORITY INC’s reliance on government grants?
WATERBURY LAND BANK AUTHORITY INC relied on government grants for more than 75% of their total revenue in 2024.