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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Memphis Land Bank Inc.

Memphis Land Bank Inc.

Fiscal year ending 2017. Filed on November 13, 2018.

5050 Poplar Ave Ste 1714 No 3210
Memphis, Tennessee 38157

Memphis Land Bank Inc. (EIN: 03-0482299) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Memphis Land Bank Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 19 total employees. Among the employees shown here, the average compensation is $145,697. The highest compensated employee at Memphis Land Bank Inc. is Molly Beard with fiscal year 2017 compensation of $194,355.

Revenue, expenses, and employee compensation

Revenue

$2,748,429

Expenses

$1,935,033

Employee compensation

$587,485
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Molly Beard
Outgoing Secretary/Executive Director
$194,355
$189,288 No related comp$5,067
Owen L Reid
Operations Director
$144,660
$141,735 No related comp$2,925
Virginia A Francis
Incoming Secretary/Assistant Treasurer
$98,076
$93,583 No related comp$4,493

Benchmark Employee Compensation

Non-Employee Board Members

J Martin Regan Jr
President
Luke Yancy IV
Treasurer
Michael D Allen
Director
Osie Lewis
Director
V Lynn Evans
Director

Mission Statement

TO 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, TENNESSEE.

Revisions to this organization profile

November 14, 2025:
2024 Memphis Land Bank Inc. 990 filed
August 7, 2024:
2023 Memphis Land Bank Inc. 990 filed
October 31, 2023:
2022 Memphis Land Bank Inc. 990 filed

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