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The Community Preservation Corporation
The Community Preservation Corporation reported $123.9 million in revenue and $109.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.13 went to program services, $16.87 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 61.6% of the total. The highest compensation it reported for one person was $1,584,421 (CEO). 55 people received more than $100,000 in reportable compensation. Revenue fell 43% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $110MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $124MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.1% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 9.7% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 61.6% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,584,421 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.44% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 55 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 35.1 | 9.2 |
| Independent voting board members Part VI 1a–1b | 13 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Community Preservation Corporation (cpc) is a private not-for-profit mortgage lender and investor specializing in the financing of low and moderate income housing. Cpc's mission is to work with government to preserve and develop affordable housing in new york and, to a lesser extent, elsewhere. In its 50 years of existence, cpc has financed the rehabilitation or construction of 250,000 affordable housing units. During the year ended june 30, 2025, cpc originated $952,042,521 of public and private funds representing financing on 56,167 units
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Director/trustee, officer, 35.00 hrs/week | $1,487,171 | $0 | $97,250 | $1,584,421 |
| PRESIDENT, CPC Officer, 35.00 hrs/week | $964,944 | $0 | $100,994 | $1,065,938 |
| EVP CHIEF FINANCIAL OFFICER Officer, 35.00 hrs/week | $891,967 | $0 | $99,750 | $991,717 |
| PRESIDENT, CPC MORTGAGE COMPANY Officer, 0.00 hrs/week | $0 | $842,430 | $38,131 | $880,561 |
| SVP CHIEF OPERATING OFFICER Officer, 35.00 hrs/week | $715,027 | $0 | $97,250 | $812,277 |
| SVP EQUITY INVESTMENTS Officer, 35.00 hrs/week | $635,760 | $0 | $40,631 | $676,391 |
| SVP CSP PORTFOLIO MGMT & REG DIR NYC ORIG Officer, 35.00 hrs/week | $590,242 | $0 | $81,862 | $672,104 |
| SVP POLICY & GOV AFFAIRS FOR CSP AND CPC Officer, 35.00 hrs/week | $586,334 | $0 | $67,506 | $653,840 |
55 people received more than $100,000 in reportable compensation from The Community Preservation Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $22M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5215
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| EISNERAMPER MANAGED TECHNOLOGIES Information technology | $2,670,098 |
| INFINITUM ADVISORY SOLUTIONS LLC Consulting | $453,401 |
| MCCRACKEN FINANCIAL Information technology | $422,856 |
| OP COMPLIANCE LLC Consulting | $383,152 |
| COHNREZNICK LLP Accounting | $381,014 |
Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from The Community Preservation Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Community Preservation Corporation, you can publish a response that is linked from this page.
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Of every $100 The Community Preservation Corporation spent in FY2025, $83.13 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Community Preservation Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Community Preservation Corporation reported that 83.1% of its $109.8 million in expenses went to program services, 16.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Community Preservation Corporation pay its top executive?
The largest total compensation The Community Preservation Corporation reported for one person in the fiscal year ending June 30, 2025 was $1,584,421, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Community Preservation Corporation get its money?
Of $123.9 million in revenue in the fiscal year ending June 30, 2025, 9.7% came from contributions and grants and 61.6% from program service revenue (Form 990, Part VIII).
Is The Community Preservation Corporation a registered charity?
The IRS lists EIN 13-2792409 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349310183 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349302558 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401289349303610 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311249349302026 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231249349301318 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101049349301765 · read the filing
All filings for EIN 13-2792409: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.