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Neighborhood Risk Management Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202555863 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Neighborhood Risk Management Corp?

Neighborhood Risk Management Corp (NRMC) is a nonprofit organization situated in New York, specifically at 141 East 89th Street Suite 4F. Their primary mission is to offer risk management training and loss mitigation programs to members and prospective members, including those affiliated with NeighborWorks America (NWA). These programs focus on topics such as reliable inspection systems, fire safety, claim mitigation and prevention, property-vendor contracts, and effective property maintenance. NRMC has developed risk management classes and a website to disseminate best practices and tools in risk management. They provide training and loss mitigation programs and initiatives to their members, often in collaboration with outside professionals such as insurance brokers, risk management consultants, and safety experts. Moreover, NRMC advises its members on insurance and alternative risk coverages, assisting them in obtaining such coverages at lower costs through third-party insurance companies. In summary, Neighborhood Risk Management Corp helps its members reduce loss-related expenses, enabling them to allocate more resources to their affordable housing missions. By offering various training and consultation services, the organization aims to minimize losses and costs for its members in the execution of their charitable objectives.


Official website here: www.neighborhoodrisk.org

Is Neighborhood Risk Management Corp legitimate?

Neighborhood Risk Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Risk Management Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.neighborhoodrisk.org

What is the mission statement of Neighborhood Risk Management Corp?

Neighborhood Risk Management Corp (NRMC) was established with the mission to provide risk reduction and loss mitigation services and educational programs to its members. The goal is to enable members to lower their loss-related expenses, thereby dedicating more of their limited resources to their affordable housing missions. NRMC additionally advises its members on insurance and alternative risk coverages. It assists members in obtaining these alternative coverages at a lower cost from third-party insurance companies, offering broader coverage than typically available in the marketplace. Furthermore, NRMC facilitates the establishment of loss control and risk management programs for its members, aiming to minimize losses and costs in the fulfillment of their charitable missions.


Official website here: www.neighborhoodrisk.org

Who is the CEO of Neighborhood Risk Management Corp?

Deborah Aschheim is the Vice President of Neighborhood Risk Management Corp.


Official website here: www.neighborhoodrisk.org

What is the revenue of Neighborhood Risk Management Corp?

Neighborhood Risk Management Corp's revenue in 2022 was $124.


Official website here: www.neighborhoodrisk.org

Who are the executives of Neighborhood Risk Management Corp and what are their salaries?

There 4 volunteers at Neighborhood Risk Management Corp.


Here are 4 key members and their salaries:


Tim Thorland (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Lazare (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ferris (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Pilcher (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.neighborhoodrisk.org

Where can I find the form 990 for Neighborhood Risk Management Corp?

Neighborhood Risk Management Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.neighborhoodrisk.org

Learn more at the official website: www.neighborhoodrisk.org

Mission Statement of Neighborhood Risk Management Corp

Neighborhood Risk Management Corp, or NRMC, was established with a mission to provide risk reduction and loss mitigation services and educational programs to its members. The primary objective is to empower these members to reduce their loss-related expenses, allowing them to allocate more of their limited resources towards their affordable housing missions. In addition to this, NRMC advises its members on insurance and alternative risk coverages. By working with third-party insurance companies, NRMC helps its members obtain broader coverage at a lower cost than typically available in the marketplace. Furthermore, NRMC assists its members in establishing loss control and risk management programs, which are designed to minimize losses and costs in fulfilling their charitable missions.

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Impact




October, 2024

Neighborhood Risk Management Corp (NRMC) has a significant impact on communities by enhancing risk reduction and loss mitigation strategies for organizations focused on affordable housing. By providing specialized training and educational programs, NRMC empowers its members to effectively manage risks associated with property maintenance, fire safety, and claims prevention, allowing them to allocate more resources toward their core missions.

Through comprehensive training sessions, NRMC educates members on best practices in risk management and offers access to vital resources such as inspection systems and vendor contract agreements. This directly contributes to a more secure operational environment, enabling organizations to minimize their loss-related expenses.

Additionally, NRMC plays a pivotal role in advising its members on insurance options and alternative risk coverages, facilitating partnerships with third-party insurance companies to access better coverage at reduced costs. This support not only enhances the financial sustainability of these organizations but also helps them implement robust loss control programs, further safeguarding their assets and ultimately strengthening their ability to deliver affordable housing solutions.

By focusing on risk management, NRMC helps organizations create safer living conditions while ensuring that they can dedicate their limited resources to addressing the critical needs of their communities, thereby fostering overall community improvement and resilience.




This information is meant to be a general summary of Neighborhood Risk Management Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$124 (2022)
Expenses
$1,546,242 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $124
  • Gross Receipts: $124

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

2005

Principal Officer

Deborah Aschheim

Main Address

141 EAST 89TH STREET SUITE 4F, NEW YORK, NY, 10128

NTEE Category

Code: S99 - Community improvement

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