The Center for New York City Neighborhoods
The Center for New York City Neighborhoods reported $46.0 million in revenue and $36.9 million in expenses for calendar year 2024. Of every $100 it spent, $88.75 went to program services, $9.41 to management and general costs and $1.84 to fundraising. Its largest source of revenue was contributions and grants: 96.2% of the total. Government grants made up 68.4%. The highest compensation it reported for one person was $260,333 (EXECUTIVE DIRECTOR). 23 people received more than $100,000 in reportable compensation. Revenue fell 4% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $37MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $46MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.4% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.2% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 68.4% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $260,333 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.71% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 23 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 35.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 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
2024 · Form 990, Part III · the three largest programs by expenseLending & capital: the center's wholly-owned community development financial institution ("cdfi") subsidiary, sustainable neighborhoods, llc ("sn llc or "affiliate"), conducts direct lending and provides financial assistance to low or moderate-income families, demonstrating models for mortgage origination and servicing at scale for homeowners. By offering reasonably priced mortgage loans, responsible servicing, and effective mortgage counseling, and/or integrating outside qualified nonprofit counseling organizations to support all applicants, the center enables asset-building and sustainable…
Homeowner services: the center develops and implements programs that meet critical homeowner needs, including foreclosure prevention advice and assistance, storm recovery assistance, resiliency counseling, help with repairs, advice on energy efficiency, and more. The center also coordinates and funds a network of nonprofit community-based housing counseling and legal service providers that act as a safety net for families across ny state. When needed, the center also provides direct counseling to homeowners to fill service gaps
Systems change: the center employs a continuous cycle of research, advocacy, thought leadership, pilot programs and technical assistance to make the case for governmental changes, programs and investments that stabilize homeowners and expand affordable homeownership. The center's research is driven by data and by experience on the ground with homeowners, and analyzes past and current trends to shed light on bad practices and make recommendations on best practices and policies. These efforts are aimed at both sustaining the center and its vision, programs and interventions, and at building the…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $212,833 | $0 | $47,500 | $260,333 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $184,525 | $0 | $43,338 | $227,863 |
| VP OF DEV. AND EXTERNAL AFFAIRS Highest compensated employee, 40.00 hrs/week | $181,913 | $0 | $28,177 | $210,090 |
| CHIEF PROGRAM OFFICER Highest compensated employee, 40.00 hrs/week | $175,147 | $0 | $22,792 | $197,939 |
| VP OF PROGRAM DELIVERY Highest compensated employee, 40.00 hrs/week | $137,056 | $0 | $47,986 | $185,042 |
| DIRECTOR OF FINANCE Highest compensated employee, 40.00 hrs/week | $129,448 | $0 | $44,636 | $174,084 |
| DIRECTOR, HAF Highest compensated employee, 40.00 hrs/week | $135,000 | $0 | $38,576 | $173,576 |
23 people received more than $100,000 in reportable compensation from The Center for New York City Neighborhoods (Part VII, line 2). Compensation of current officers, directors and key employees totaled $488K (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
2024 · 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–1b16 · 16 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 26No
- 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 5128
- Volunteers Part I, line 616
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| DECISION SCIENCE ANALYTICS LLC Consulting | $433,800 |
| CLIFTONLARSONALLEN LLP Financial consultant | $379,091 |
| WITT O'BRIEN LLC Consulting | $226,780 |
| JIMS A1 HOME REMODELING LLC Construction contractor | $173,226 |
| CONVENE 117 WEST 46TH LLC Event mangement | $119,086 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to The Center for New York City Neighborhoods totaling $795K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Center for New York City Neighborhoods'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 Center for New York City Neighborhoods, you can publish a response that is linked from this page.
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Of every $100 The Center for New York City Neighborhoods spent in 2024, $88.75 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Homes for Our TroopsTaunton, MA · revenue $46M · programs 87.6% · FY2025
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- The Resurrection ProjectChicago, IL · revenue $46M · programs 97.7% · 2024
- St Matthews HouseNaples, FL · revenue $46M · programs 83.8% · FY2025
- SocayrLouisville, KY · revenue $45M · programs 97.1% · 2025
All housing & shelter charities · Largest charities in New York
Questions people ask
How much of The Center for New York City Neighborhoods's spending goes to programs?
In calendar year 2024, The Center for New York City Neighborhoods reported that 88.8% of its $36.9 million in expenses went to program services, 9.4% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does The Center for New York City Neighborhoods pay its top executive?
The largest total compensation The Center for New York City Neighborhoods reported for one person in calendar year 2024 was $260,333, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Center for New York City Neighborhoods get its money?
Of $46.0 million in revenue in calendar year 2024, 96.2% came from contributions and grants (including 68.4% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is The Center for New York City Neighborhoods a registered charity?
The IRS lists EIN 83-0506416 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
- 2024: Form 990 for calendar year 2024, object 202543219349317239 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349307948 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349313240 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243199349331794 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349322682 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349308685 · read the filing
All filings for EIN 83-0506416: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.