Wilmington Neighborhood Conservancy Land Bank Corporation
The mission of the wilmington neighborhood conservancy land bank (WNCLB) is to return vacant, dilapidated, abandoned, and delinquent properties to productive use in order to strengthen and revitalize our neighborhoods and spur economic development.we accomplish our mission in a way that: - is purposeful, transparent, and for the public good; - improves the coordination of resources and efforts within and between governments, community organizations, and the private sector; - is both economically efficient and sustainable; - reflects the goals and objectives of the city's comprehensive develompent plan; and - invests in existing neighborhoods.
Key facts about Wilmington Neighborhood Conservancy Land Bank Corporation
- EIN
- 81-1773249
- Latest 990 filing
- Form 990, 2024
- Total assets
- $9,052,955
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$9.1M
+93.5% YoY
Revenue
$5.9M
+34.2% YoY
Net Investment Income
$-1,317,532
-50.2% YoY
Expenses
$2.3M
-46.3% YoY
How Wilmington Neighborhood Conservancy Land Bank Corporation gives
- Giving fell 92% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
About Wilmington Neighborhood Conservancy Land Bank Corporation
Based on IRS filings
Wilmington Neighborhood Conservancy Land Bank Corporation is a public charity focused on Community Improvement & Capacity Building, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.1M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $3K (2021) to $176K (2020). In 2023 it made 1 grant totaling $14K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,052,955 | $4,678,307 | $3,846,516 |
| Revenue | $5,888,451 | $4,388,675 | $4,934,033 |
| Expenses | $2,299,306 | $4,278,461 | $3,563,700 |
| Net Investment Income | $-1,317,532 | $-2,643,601 | $-276,488 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Wilmington Neighborhood Conservancy Land Bank Corporation is led by Richard J. Gessner Jr., Chair on every filing since 2020; 1 of 16 officers listed in 2024 is compensated.
Officers on the 2024 filing
Richard J. Gessner Jr.
Chair
On filings since 2020
10 hrs/week
No compensation reported
Raheemah Jabbar-Bey
Director
On filings since 2020
2 hrs/week
No compensation reported
Robert L. Weir
Director
On filings since 2020
2 hrs/week
No compensation reported
Christopher C. Johnson
Director
On filings since 2021
2 hrs/week
No compensation reported
Ernest Congo
Director
On filings since 2021
2 hrs/week
No compensation reported
Maria Cabrera
Director
On filings since 2021
2 hrs/week
No compensation reported
Tom Ogden
Director
On filings since 2021
2 hrs/week
No compensation reported
Cassandra Marshall
Director
On filings since 2022
2 hrs/week
No compensation reported
David Ross
Director
On filings since 2022
2 hrs/week
No compensation reported
Ray Fitzgerald
Director
On filings since 2022
2 hrs/week
No compensation reported
Timothy Lucas
Director
On filings since 2022
2 hrs/week
No compensation reported
Vandell Hampton
Director
On filings since 2022
2 hrs/week
No compensation reported
Ray Saccomandi
Chief Operating Officer
On filings since 2020
40 hrs/week
$88K (2020) → $125K (2024)
Hal Schneikert
Vice President
Director → Vice President, 2024
On filings since 2020
2 hrs/week
No compensation reported
Kevin Smith
Secretary
Director → Secretary, 2024
On filings since 2020
2 hrs/week
No compensation reported
Susan Frank
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Former officers (5)
- Former: Herb M. Inden (2020–2021) — Director
- Former: Charles Freel (2020) — Director
- Former: Hanifa Shabazz (2020) — Co-Vice Chair
- Former: Jeffrey C. Flynn (2020) — Co-Vice Chair
- Former: William Freeborn (2020) — Executive Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $125K, to Ray Saccomandi (Chief Operating Officer).
Frequently asked questions about Wilmington Neighborhood Conservancy Land Bank Corporation
How large is Wilmington Neighborhood Conservancy Land Bank Corporation?
Wilmington Neighborhood Conservancy Land Bank Corporation reported $9.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $5.9M.
What is Wilmington Neighborhood Conservancy Land Bank Corporation?
Wilmington Neighborhood Conservancy Land Bank Corporation is a public charity focused on Community Improvement & Capacity Building, based in Wilmington, DE. It holds $9.1M in total assets as of 2024.
Where does Wilmington Neighborhood Conservancy Land Bank Corporation operate?
Wilmington Neighborhood Conservancy Land Bank Corporation has awarded grants in District of Columbia, Delaware.
What is Wilmington Neighborhood Conservancy Land Bank Corporation's EIN?
Wilmington Neighborhood Conservancy Land Bank Corporation's EIN (Employer Identification Number) is 81-1773249. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Wilmington Neighborhood Conservancy Land Bank Corporation by hand.
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