Overview
What is Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc, headquartered in Buffalo, New York, is a nonprofit organization dedicated to revitalizing the West Side of the city. Their primary goal is to convert older houses and apartments into energy-efficient, affordable rental properties. To achieve this, they scale up new energy efficiency retrofits through Green Jobs - Green NY, an innovative law, and promote green infrastructure, stormwater management, and green jobs. Simultaneously, their Push Blue initiative tackles Buffalo's combined sewer overflow problem. The organization also acts as a land bank, acquiring vacant housing and lots to prepare for future development, ensuring affordability and preventing gentrification. With 18 employees, Buffalo Neighborhood Stabilization Company Inc is committed to enhancing the living conditions and bolstering the community of Buffalo's West Side residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Buffalo Neighborhood Stabilization Company Inc has earned a strong Four-Star rating from Charity Navigator, reflecting its exceptional accountability and financial health. The organization has a perfect score for the independence of its board members and demonstrates a solid commitment to ethical practices, supported by comprehensive policies on conflict of interest and whistleblower protections. Its high program expense ratio indicates that a significant majority of funds are directed toward achieving its mission.
User feedback highlights the organization’s effective partnership with PUSH Buffalo in providing affordable and sustainable housing solutions. Clients have praised BNSC for its focus on serving low to moderate-income individuals and marginalized communities, showcasing its impact in the field of housing stability and sustainability.
While the feedback is overwhelmingly positive, the data suggests continued vigilance in maintaining financial health and governance standards as the organization grows. Overall, Buffalo Neighborhood Stabilization Company Inc appears to be a reliable and impactful nonprofit dedicated to making a difference in the Buffalo community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Buffalo Neighborhood Stabilization Company Inc legitimate?
Buffalo Neighborhood Stabilization Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Neighborhood Stabilization Company Inc 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: $349,866
For more financial information, click here
What is the mission statement of Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc's mission is centered around transforming older houses and apartments into green, permanently affordable rental housing for residents. They aim to significantly increase the number of affordable housing units annually, enhance neighborhood fabric through investments in infrastructure, and rehabilitate vacant lots. The company works to prevent gentrification and displacement of residents by ensuring the affordability of both rental and homeowner housing units. Additionally, Buffalo Neighborhood Stabilization Company Inc acts as a land bank, acquiring vacant housing and lots for future development.
Who is the CEO of Buffalo Neighborhood Stabilization Company Inc?
Dawn Wells-Clyburn is the President of Buffalo Neighborhood Stabilization Company Inc.
What is the revenue of Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc's revenue in 2022 was $2,195,855.
Who are the executives of Buffalo Neighborhood Stabilization Company Inc and what are their salaries?
The average compensation at Buffalo Neighborhood Stabilization Company Inc during 2022 was $19,437. There are 18 employees at Buffalo Neighborhood Stabilization Company Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $97,078
- Other: $0
- Compensation: $0
- Related: $63,048
- Other: $0
Where can I find the form 990 for Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buffalo Neighborhood Stabilization Company Inc
Buffalo Neighborhood Stabilization Company Inc is committed to driving development that transforms older houses and apartments into green, permanently affordable rental housing for the West Side residents. Their mission is multifaceted, aimed at increasing access to quality affordable housing by substantially increasing the number of units being renovated and constructed each year. They also coordinate investments in infrastructure and rehabilitate vacant lots to enhance neighborhood fabric.
To prevent gentrification and displacement of residents, Buffalo Neighborhood Stabilization Company Inc ensures affordability of both rental and homeowner housing units. Additionally, the organization acts as a land bank, acquiring vacant housing and lots and stabilizing them in preparation for development. This proactive approach to housing development aims to provide a sustainable solution for affordable housing needs, thereby contributing positively to the community.
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Impact
October, 2024
Buffalo Neighborhood Stabilization Company Inc is making a significant impact on the housing landscape of Buffalo's West Side. By transforming older houses and apartments into green, permanently affordable rental housing, it is addressing the critical need for quality and accessible housing options. The organization actively increases the number of units being renovated and constructed each year, enhancing the overall neighborhood fabric through coordinated investments in infrastructure and the rehabilitation of vacant lots.
A key component of its mission is to prevent gentrification and displacement by ensuring that both rental and homeowner housing units remain affordable to current residents. Acting as a land bank, Buffalo Neighborhood Stabilization Company acquires vacant properties and lots, stabilizing them for future development to bolster community resilience.
In addition to housing efforts, the organization has launched initiatives aimed at improving energy efficiency and environmental sustainability. Programs like PUSH GREEN focus on weatherizing homes and expanding access to green jobs for low-income workers, thereby promoting economic opportunities while tackling energy efficiency retrofits.
Through the PUSH BLUE initiative, significant strides have been made to combat Buffalo's combined sewer overflow (CSO) problems. The completion of green infrastructure projects—including rain gardens, green roofs, bioswales, and rainwater catchment systems—illustrate the commitment to sustainable urban development. Overall, Buffalo Neighborhood Stabilization Company Inc plays a crucial role in fostering a thriving, equitable community that prioritizes both housing stability and environmental stewardship.
This information is meant to be a general summary of Buffalo Neighborhood Stabilization Company Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17
- Program Service Revenue: $556,312
- Gross Receipts: $2,195,855
Assets and Liabilities:
- Total Assets: $3,771,057
- Total Liabilities: $1,045,177
- Net Assets: $2,725,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$360,509
RENTAL INCOME
Revenue
$141,951
MAINTENANCE FEES
Revenue
$53,852
Organization Details
Founding Year
2009
Phone
(716) 884-0356Principal Officer
Dawn Wells-Clyburn
Main Address
429 PLYMOUTH AVE SUITE 1, BUFFALO, NY, 14213
NTEE Category
Code: L20 - Housing
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