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Minnesota · Nonprofit

LAND BANK TWIN CITIES INC

LAND BANK TWIN CITIES INC (Minnesota) receives grants from 12 organizations whose IRS filings report $6,838,000 to it, the largest being The McKnight Foundation ($2,250,000). 7 of them have funded it in more than one year.

Revenue FY2024
$5.5M
Funders on record
12
Grants received
$6.8M
Net assets
$7.1M
7/12 repeat funderspeak grant-dependency 48%
01What it does

What Land Bank Twin Cities Inc does

Mission

Land bank twin cities, inc. Captures strategic real estate opportunities to benefit people with low to moderate incomes, prioritizing people of color and populations facing barriers.

As stated on its FY2024 Form 990.

Programs

  1. Land banking -land bank twin cities, inc. (lbtc) acquires, holds, and resells strategic properties within the seven-county metropolitan area, targeting sales to approved non-profit organizations, socially responsible for-profit developers, community businesses, and government to advance its mission.

    $745,869 spent$376,691 earned by the program
    14% of program spending
  2. Community lending -lbtc provides loans to approved non-profit and socially responsible for-profit developers, non-profit service providers, community businesses, and government for the purchase, rehabilitation, and new construction of properties, in alignment with its mission.

    $88,933 spent$219,875 earned by the program
    2% of program spending
  3. Brokerage/property management - lbtc brokers the sale and purchase of properties and manages properties during holding periods to support its mission.

    $2,779,375 spent$3,144,862 earned by the program
    51% of program spending
  4. General program - activities that generally relate to the overall mission of land bank twin cities, inc. But do not fall under a specific defined program.

    $1,838,168 spent$340,320 earned by the program
    34% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,452,345.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.1M) Expenses 100 ($2.8M) Net assets 100 ($3.2M)2018 Revenue 83 ($2.5M) Expenses 92 ($2.5M) Net assets 100 ($3.2M)2019 Revenue 94 ($2.9M) Expenses 110 ($3.1M) Net assets 95 ($3.1M)2020 Revenue 98 ($3.0M) Expenses 123 ($3.4M) Net assets 92 ($3.0M)2021 Revenue 203 ($6.2M) Expenses 138 ($3.8M) Net assets 167 ($5.4M)2022 Revenue 247 ($7.6M) Expenses 166 ($4.6M) Net assets 259 ($8.4M)2023 Revenue 191 ($5.9M) Expenses 219 ($6.1M) Net assets 255 ($8.2M)2024 Revenue 178 ($5.5M) Expenses 239 ($6.6M) Net assets 219 ($7.1M)
'17'18'19'20'21'22'23'24
Revenue (178)Expenses (239)Net assets (219)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $16M to $24M (+51%).

$16M
$19M
$16M
$24M
$26M
$31M
$33M
$32M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 8% · 2021 2%. Grants only. Government contracts and fees sit inside program revenue.

25% of LAND BANK TWIN CITIES INC’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

$296k
’17
$7k
’18
−$182k
’19
−$406k
’20
$2.4M
’21
$3.0M
’22
−$195k
’23
−$1.2M
’24
9.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Aarica Coleman

President & CEO

Board chair

Libby Starling

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed2226252727242419
Joined·+4+6+5+4+2+4+4
No longer listed·0734549
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 2 funders to 5 funders, grant income rose $175k → $392k.

1 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $345k from one payer (the payer shares this organization's board, largest Saint Paul & Minnesota Foundation). These are real filings, and they are not money LAND BANK TWIN CITIES INC raised.

From the IRS filings of LAND BANK TWIN CITIES INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LAND BANK TWIN CITIES INC leans on a few funders — its largest provides 33% of grant income and the top three 76%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

33%
largest funder
76%
top three
~4
effective funders

Largest funder’s share by year: 2019 86% · 2020 54% · 2021 46% · 2022 57% · 2023 61% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

25% of LAND BANK TWIN CITIES INC's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

94% of LAND BANK TWIN CITIES INC's grant income comes from Minnesota funders.

MN
NY

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $15k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LAND BANK TWIN CITIES INC is better cushioned than half of the 3,978 housing & shelter nonprofits its size.

Operating margin−21% · bottom quartile
Months of reserve9.1mo · above the median
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 3,978 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like LAND BANK TWIN CITIES INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 17%Fundraising 1%

Governance

14
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

58%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 30 related entities

  • Tcc Ady LLC · disregarded
  • Tcc Bloom Lake One LLC · disregarded
  • Tcc Hiawatha LLC · disregarded
  • Tcc Nwud LLC · disregarded
  • Tcc Property Services LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for LAND BANK TWIN CITIES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LAND BANK TWIN CITIES INC?
LAND BANK TWIN CITIES INC (Minnesota) receives grants from 12 organizations whose IRS filings report $6,838,000 to it, the largest being The McKnight Foundation ($2,250,000). 7 of them have funded it in more than one year.
How many funders does LAND BANK TWIN CITIES INC have?
IRS filings report 12 organizations giving $6,838,000 in grants to LAND BANK TWIN CITIES INC, 7 of which have funded it in more than one year.
Who is the largest funder of LAND BANK TWIN CITIES INC?
The McKnight Foundation is the largest funder on record, with $2,250,000 in grants. The full list of funders is on this page.
How can an organization like LAND BANK TWIN CITIES INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Land Bank Twin Cities →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing