Overview
What is The Center For New York City Neighborhoods Inc?
The Center for New York City Neighborhoods Inc, based in New York City, is a nonprofit organization dedicated to promoting and preserving affordable homeownership for middle- and working-class families. Through their wholly-owned CDFI subsidiary, Sustainable Neighborhoods LLC, they serve as the implementing partner for the New York State Homeowner Assistance Fund (NYS HAF). This federally-funded program aims to assist homeowners at risk of default, foreclosure, or displacement due to financial hardships caused by the COVID-19 pandemic. The Center provides various types of support, including financial assistance, access to case managers, and referrals to housing counselors or legal service providers, with the ultimate goal of helping homeowners financially impacted by the pandemic remain in their homes. The organization employs a team of 117 individuals.
Official website here: www.cnycn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Four-Star out of Four Stars (96%)
The Center For New York City Neighborhoods Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization’s score is based entirely on its performance in these areas, demonstrating effective financial management and transparency.
One of the notable strengths of this nonprofit is its governance structure, which features a fully independent board comprising 16 members. This independence contributes to a robust oversight mechanism, ensuring that the organization operates with integrity and minimal conflicts of interest. Furthermore, the organization adheres to best practices in financial reporting and has implemented various policies that bolster accountability.
Despite the strong financial performance, there are no specific limitations noted in the available data. This suggests that The Center For New York City Neighborhoods Inc is effectively managing its resources and fulfilling its mission without significant issues. Overall, it stands out as a well-managed nonprofit focused on serving its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Center For New York City Neighborhoods Inc?
98% of 21 reviewers on Facebook recommend The Center For New York City Neighborhoods Inc. This nonprofit is praised for being an honest and caring organization that plays a significant role in assisting individuals in need.
Reviewers express appreciation for the impactful services delivered, highlighting how the organization has helped many people regain stability in their lives. The positive sentiment reflects a strong belief in the mission of the nonprofit, showcasing its ability to provide hope and vital support during challenging times.
Overall, the organization comes highly regarded for its commitment to making a difference in the community, with many expressing gratitude for the support they received.
This AI summary has been generated from reviews found on Facebook.
Is The Center For New York City Neighborhoods Inc legitimate?
The Center For New York City Neighborhoods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For New York City Neighborhoods 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: $472,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,055,629
For more financial information, click here
Official website here: www.cnycn.org
What is the mission statement of The Center For New York City Neighborhoods Inc?
The Center for New York City Neighborhoods Inc is dedicated to promoting and safeguarding affordable homeownership for middle- and working-class families in New York. Their mission enables these communities to thrive.
As the implementing partner for the New York State Homeowner Assistance Fund (NYS HAF), their subsidiary, Sustainable Neighborhoods LLC, plays a crucial role in this program. NYS HAF is a federally-funded initiative designed to support homeowners at risk of default, foreclosure, or displacement due to financial hardships caused by the COVID-19 pandemic.
NYS HAF offers various forms of assistance, including financial aid for overdue housing payments resulting in affordable outcomes, access to call centers and case managers, and referrals to housing counselors or legal service providers. The ultimate goal of NYS HAF is to help homeowners financially impacted by the pandemic maintain their residences.
Official website here: www.cnycn.org
What is the revenue of The Center For New York City Neighborhoods Inc?
The Center For New York City Neighborhoods Inc's revenue in 2023 was $236,755,925.
Official website here: www.cnycn.org
Who are the executives of The Center For New York City Neighborhoods Inc and what are their salaries?
The average compensation at The Center For New York City Neighborhoods Inc during 2023 was $66,627. There are 128 employees and 13 volunteers at The Center For New York City Neighborhoods Inc.
Here are 21 key members and their salaries:
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- Compensation: $145,000
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- Other: $14,482
- Compensation: $165,989
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- Other: $19,971
Official website here: www.cnycn.org
Where can I find the form 990 for The Center For New York City Neighborhoods Inc?
The Center For New York City Neighborhoods Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cnycn.org
Learn more at the official website: www.cnycn.org
Mission Statement of The Center For New York City Neighborhoods Inc
The Center for New York City Neighborhoods Inc, a mission-driven organization, strives to promote and safeguard affordable homeownership in New York City. By doing so, it enables middle- and working-class families to establish strong, prosperous communities.
The organization's wholly-owned CDFI subsidiary, Sustainable Neighborhoods LLC, serves as the implementing partner for the New York State Homeowner Assistance Fund (NYS HAF). This federally-funded program, dedicated to assisting homeowners facing financial hardships due to the COVID-19 pandemic, offers various types of support to help them keep their homes. Homeowners affected by the pandemic can receive financial assistance to address delinquent housing payments, access to a call center and case managers, and referrals to professional housing counselors or legal service providers. Ultimately, NYS HAF aims to prevent homelessness and enable homeowners to stay in their homes.
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Impact
October, 2024
The Center For New York City Neighborhoods Inc significantly impacts homeowners in New York by addressing the financial hardships exacerbated by the COVID-19 pandemic. Through the New York State Homeowner Assistance Fund (NYS HAF), the Center provides essential support to homeowners facing default, foreclosure, or displacement. This initiative not only offers financial assistance for overdue housing payments but also ensures access to professional guidance via call centers, case managers, and housing counselors.
By facilitating these resources, the Center helps stabilize households in crisis, allowing families to remain in their homes and strengthen their communities. The mission to promote and protect affordable homeownership directly contributes to the well-being of middle- and working-class families, fostering an environment where they can thrive. Overall, the Center plays a vital role in maintaining housing stability and promoting community resilience in New York City.
This information is meant to be a general summary of The Center For New York City Neighborhoods 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 2023.
- Investment Income: $213,532
- Gross Receipts: $236,755,925
Assets and Liabilities:
- Total Assets: $138,538,594
- Total Liabilities: $41,388,936
- Net Assets: $97,149,658
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Organization Details
Founding Year
2007
Principal Officer
Christie Peale
Website
www.cnycn.orgNTEE Category
Code: L99 - Housing
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