Memphis Land Bank Inc

Community development organization based in Memphis, TN. 2 employees. Exempt under §501(c)(3).

MissionTO ACQUIRE, CONSTRUCT, DEVELOP, LEASE, MANAGE, OPERATE, SELL AND OTHERWISE DEAL WITH SAFE, DECENT, AND AFFORDABLE HOUSING, IN PARTICULAR, ASSISTING THE LOCAL HOUSING AUTHORITY IN PROVIDING HOUSING TO LOW AND VERY LOW INCOME FAMILIES AND INDIVIDUALS IN THE CITY OF MEMPHIS,

Financial snapshot · TY 2024

$-512,596
Total revenue
$756K
Total expenses
$19.0M
Net assets

Financial health · TY 2024

80
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
146.8 months of expenses
Program efficiency
100
90.6% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Owen L Reid
DIRECTOR OF OPERATIONS
$185,588
67th percentile vs. peers

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